vardhman acrylics limited · thebardofdixwots, in its meeting held on august 09, 2019 has approved...
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VARDHMAN ACRYLICS LIMITEDRegistered Office: Chandigarh Road, Ludhiana —- 141 010 (Punjab), India.
Phones: 0 16 1-2228943—48; Fax: 0 16 1 -260 1048 '81. 2220766
CIN: L51491PB1990PLCOI92 12, PAN: AAACV7602E
E-mail: [email protected]; vWebsite: www.vardhman.com
Ref. VAL: SCY: AUG:2019-2020 Dated: 09.08.2019
To
LISTING DEPARTMENT,
The National Sock Exchange of India Limited,
“Exchange Plaza”, Plot No. C/ 1,G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai-400 051,Maharashtra.
Fax No.: 022-26598237 and 26598155
Email Id: [email protected]
SJB: OUTCOME OF BOARD MEETING HELD ON 91'” AUGUST 2019
REF: REGULATION 30 & 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGU LATIONS, 2015.
Dear Sr/ Madam,
Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing
Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that the
Board of Directors, in its meeting held on 9th August, 2019, approved the Un-audited
Financial Results of the Company for the Quarter ended 30”1 .line, 2019.
In this regard, please find enclosed herewith Un-audited Financial Results for the Quarter
ended 301h .line, 2019 along with Limited Review Report of Auditors.
Kindly note that the meeting of the Board of Directors commenced at 4:30 pm. and
concluded at 8:00 pm.
Kindly note and display the notice on your Notice Board for the information of the members
of your exchange and general public.
Thanking you,
Yours faithfully,
FOR VARDHMAN ACRYLICSLI MITED
924W(SATIN KATYAL)
Company Secretary
Encl: as above
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WIEMQQGEUit£50m 0010‘ 30th June, 2019
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A
Operation.
~
-
v Sales/Income From Operations [Refer Note.3) 86.28, Qt‘her Operating Income
4.70
0) Change in Inventories of Finished Goods,works -in progress and stock -in- trade
3:) Depreciation and Amortisation Expense{)1 Hrwer 8: Fuel
Other ExpensesTotal Expenses
Profit/ (Loss) before exceptional Items and Tax (1-2)
Exceptional Items
Profit/(Loss) before Tax (3 - 4)
Net Profit/ (Loss) after Tax (5 - 6)
Other Comprehensive Income I (Loss)
Total Comprehensive Income (7+8)
Paid-up Equity Capital (Face Value Rs. 10/ -
per share)
Receive excluding Revaluation Reserves as per
; Sheet of previous accounting year
‘
Pei- Share (of Rs. 10/- each)
The Bard ofDixwots, in its meeting held on August 09, 2019 has approved a Scheme of Amalgamation (the “Scheme”) under Sections 230 to 232 ofthe Companies Act, 2013 ado“’
'
. .1 Male 2013 Act, as per pooling of interest method, amongst the Company and its fellow subsidaries VMT Spinning Company Limited, VTL Investments Lim'ned, fl VIM
t Canpeny Limited (Tmsferor companies) into Holding company, by the name of Vardhman Textiles Limited (Transferee company). The Appointed die for datum-fill he
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SCV & Co. LLP B-XIX—220, Rani Jhansi Road.
Ghumar Mandi, Ludhian -141 001
CHARTERED ACCOUNTANTS E : 1udhiana@scvindia :omT :+9l-161-2774527
M : +91»98154-20555
INDEPENDENT AUDITOR’S REVIEW REPORT ON THE QUARTERLY UNAUDITED
FINANCIAL RESULTS OF VARDHMAN ACRYLICS LIMITED PURSUANT TO THE
REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURES
REQUIREMENTS) REGULATIONS, 2015, AS AMENDED
Review Report to
The Board of Directors
Vardhman Acrylics Limited
1. We have reviewed the accompanying statement of unaudited financial results of
VARDHMAN ACRYLICS LIMITED (“the Company”), for the quarter ended 30'h June.
2019 ("the Statement”) attached herewith, being submitted by the Company pursuant to the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended read with SEBI circular No
CIR/CFD/CMD 1/44/2019 dated 29'h March, 2019.
2. This Statement. which is the responsibility of the Company's Management and approved by
the Company's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard 34 “Interim l‘inant'ial
Reporting" (“1nd AS 34"), prescribed under Section 133 of the Companies Act, 2013. as
amended, read with relevant rules issued thereunder and other accounting principles
generally accepted in India. Our responsibility is to express a conclusion on the Statement
based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the
Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of 1ndia.
This standard requires that we plan and perform the review to obtain moderate assurance as
to whether the Statement is free of material misstatement. A review is limited primarily to
inquiries of company personnel and analytical procedures applied to financial data and thus
provides less assurance than an audit. We have not performed an audit and accordingly. we
do not express an audit opinion.
SCV S1. C0. (formerly known as S. C. Vasudeva & Co.) ‘
a partnership firm convened to SCV & Co. LLP 53355353::
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lCAl Registration Number is 000235N/N500089' www'mmdlawm
4. Based on our review conducted as stated in paragraph 3 above. nothing has come to our
attention that causes us to believe that the accompanying Statement. prepared in accordance
with the recognition and measurement principles laid down in the applicable Indian
Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as
amended, read with relevant mles issued thereunder and other accounting principlesgenerally accepted in India, has not disclosed the information required to be disclosed in
terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, including the manner in which it is to be disclosed. or that it
contains any material misstatement.
For SCV & Co. LLP
Chartered Accountants
FRN 000235N/N500089
0. h” lw
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wchart Mohan)Place: Gurugram “‘30“
”T: Partner
Date: 09th August, 2019
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