vardhman acrylics limited · thebardofdixwots, in its meeting held on august 09, 2019 has approved...

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VARDHMAN ACRYLICS LIMITED Registered 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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Page 1: VARDHMAN ACRYLICS LIMITED · TheBardofDixwots, in its meeting held on August 09, 2019 has approved a Scheme ofAmalgamation (the “Scheme”) under Sections 230 to 232 ofthe Companies

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

Page 2: VARDHMAN ACRYLICS LIMITED · TheBardofDixwots, in its meeting held on August 09, 2019 has approved a Scheme ofAmalgamation (the “Scheme”) under Sections 230 to 232 ofthe Companies

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WIEMQQGEUit£50m 0010‘ 30th June, 2019

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Operation.

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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)

Page 3: VARDHMAN ACRYLICS LIMITED · TheBardofDixwots, in its meeting held on August 09, 2019 has approved a Scheme ofAmalgamation (the “Scheme”) under Sections 230 to 232 ofthe Companies

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

Page 4: VARDHMAN ACRYLICS LIMITED · TheBardofDixwots, in its meeting held on August 09, 2019 has approved a Scheme ofAmalgamation (the “Scheme”) under Sections 230 to 232 ofthe Companies

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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::

1841'ng firoungI-lfora limited liability Pannership with LLP Identification

T' +91»11-an6:;€9'111¢W

e H 1

No, AAM-5565. wet. 3rd May. 2018w

C . .

.

lCAl Registration Number is 000235N/N500089' www'mmdlawm

Page 5: VARDHMAN ACRYLICS LIMITED · TheBardofDixwots, in its meeting held on August 09, 2019 has approved a Scheme ofAmalgamation (the “Scheme”) under Sections 230 to 232 ofthe Companies

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

o \.

wchart Mohan)Place: Gurugram “‘30“

”T: Partner

Date: 09th August, 2019

UPINi~19086066AA R AEE‘WW