\.

May 17,2016
To,
1) The Secretary
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400 001
2) The Secretary
National Stock Exchange of lndia Limited
Exchange Plaza, Plot No. C/1, G Block,
Bandra Kurla Complex, Bandra (E),
Mumbai - 400 05'l
3) The Secretary
Ahmedabad Stock Exchange Limited
Kamdhenu Complex, Opp. Sahajanand Complex,
Panjarapole,
Ahmedabad - 380 015

Sub:

Code No.:- 5'17385

Symphony :- SYMPHONY

Series :- EQ

Code

No.i 51760

Approval of AnnualAudited Financial ResultE

Dear Sir.

We are pleased to enclose herewith the Annual Audited Financial Results for the third
quarter and the financial year ended on March 31, 2016 which has been approved by the
Board of Directors at its meeting held today along with Audit Report and Form A. Further,
recommended to consider payment of interim dividend for financial year 2015-16 of < 25
('1250%) per equity share having face value of < 2l- each as final dividend for financial
year 2015-16 and hadn't recommended finaldividend for the year2015-'16.
We also enclose herewith Datasheet to re view performance of 2015- 16
Thanking you,
Yours faithfully,
For, SYMPHONY LIMITED

dN"^,^.,
Manan Bhavsar
Company Secretary

Encl; (i)Audited Financial Results

(ii) Datasheet
(iii) Audit Report
(iv) Form A

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Deloitte
Haskins & Sells
INI)I I'INDE]\'I .{UDITOR'S

REPOR T

I'o .IHE I]OARD OF DIRECTORS

OF

SYMPHONY LIMITET)

l.

We have audited the accompanying Statement of Standalone Financial Resulls of

SYMPHONY LIMITED ("the Company') lor the Nine Months ended 3l't March, 2016
("the Statement"), being submitted by the Company pursuant to the requirment of
Regulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015. This Statement, which is the responsibility ofthe Company's Management and
approved by the Board ofDirectors, has been prepared on the basis ofthe related financial
statements which is in accordance with the Accounting Standards prescribed under Section
133 ofthe Companies Act,20l3, as applicable and other accounting principles generally
accepted in lndia. Our responsibility is to express an opinion on the Statement.

conducted our audit in accordance wilh the Standards on Auditing issued by the
lnstilute of Chartered Accountants of lndia. 'fhose Slandards require that we comply with
cthical requirements and plan and perform the audit to oblain reasonable assurance about
whether the Statement is free from material misstatement.

we

An audil involves performing procedures to oblain audit evidence about the amounts and
the disclosures in the Statement. The prooedures selected depend on the auditor'sjudgment,
including the assessment ofthe risks ofmaterial misstatement ofthe Statement, whether
duc to fraud or error. ln making those risk assessments, the auditor considers internal
control relevant to the Company's preparation and l'air presentation of the Statement in
order to design audit procedures that are appropriate in the circumstances, but not lor the
purpose ofexpressing an opinion on the effectiveness of the Company's intemal control.
An audit also includes evaluating the approprialeness ofthe accounting policies used and
the reasonableness of the accounting estimates made by the Management, as well as
evaluaiing the overall presentation ofthe Slatement.
We believe that the audit evidence we have obtained is sulTicient and appropriate to provide
a basis for our audit opinion.

ln our opinion and to the be$ ofour information and according to the explanations given
Lrs. lhe Statement:

to

(i)

is presented in accordance with the requirements ofRegulation 33 ofthe SEBI

Obligations and Disclosure Requirements) Regulations, 2015; and

(ii)

gives a true and fair view in confbrmity with the aforesaid Accounting Standards and

(Listing

other accounting principles generally accepted in India ofthe net profit and other
financial inlormation ofthe Company for the Nine Months ended 31" March, 2016.

tu

Deloitte
Haskins & Sells
I

The Slatement includes the results for lhe Quaner ended 3l'r March, 2016 being the
balancing figure between audited figures in respect ofthe lull period ofNine Months and
the published year to date figures up to lhe second quarter of the current period of Nine
Months which were subject to limited review by us.

For DELOITTE HASKINS & SELLS

Chartered Accountanls
(Firm Registration No. I 17365W)

Gaurav J Shah
Panner

(Membership No. 35701)

Ahmedabad,lf May.20l6

Deloitte
Haskins & Sells
I\DIPF\DE\T
'l'O

q,T'DITOR'S REPOR T

HI,l IIOARD OI.'

I)lltll(Il

SYNIPTI0\Y LI\IITEI)

l.

OttS

Of

We have audited the accompanying Statemenl of Consolidated Financial Results of

SYMPHONY LIMITED ("the Holding Company") and its subsidiaries (the Holding
Company and its subsidiaries together referred to as "the Croup"), lor the Nine Months
ended 31" March, 2016 ("the Statement"), lalso see paragraph 3 belowl being submifted
by the Holding Company pursuant to the requirement ofRegulation 33 ofthe SEBI (Listing
Obligations and Disclosurc Requirements) Regulations,20l5. This Statemenr, which is the
responsibility of the Holding Company's Management and approved by the Board of
Directors, has been prepared on the basis of the related consolidated financial statements
which is in accordance with the Accounting Standards, prescribed under Section 133 ofthe
Companies Act,20l3, as applicable, and other accounting principles generally accepted in
India. Our responsibility is to express an opinion on the Statement.

2.

We conducted our audit in accordance with the Standards on Auditing issued by the
lnstitute ofChartered Accountants oflndia. Those Standards require that we comply with
ethical requirements and plan and perform the audit to oblain reasonable assurance about
whether lhe Statement is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
the disclosures in the Statement. The procedures selected depend on the auditor'sjudgment,
including the assessmnt ofthe risks of material misstatement of the Statement, whether
due to fraud or error. In making those risk assessments, the auditor considers intemal
control relevant 10 the Holding Company's preparation and fair presentation of the
Statement in order to design audit procedures lhat are appropriale in the circumstances, but
not forthepurpose ofexpressing an opinion on the effectiveness ofthe Holding Company's
internal control. An audit also includes evaluating the appropriateness ofthe accounting
policies used and the reasonableness ofthe accounting estimates made by the Management,
as well as evaluating the overall presentation ofthe Statement.
We believethatthe audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinion.

3.

The Statement includes the consolidated results for the Nine Months ended 31" March
2015 which have not been reviewed or audited by usand have been included in the
Statement solely based on the information ofthe Management.

4.

we did not audit the financial statements of four subsidiaries included in the consolidated
financial results, whose financial statements reflect total assets of Rs. 8,182 lacs as at 3lsr
March, 2016, total revenues ofRs. 4,479 lacs for the Nine Months ended 31'' March, 2016,
and total loss after tax of Rs. 148 lacs for the Nine Months ended 3l" March, 2016, as
considered in the consolidated financial results. These financial statements have been
audited by other auditors whose reports have been furnished to us by the Management and

a,

,)

Deloitte
Haskins & Sells
included
our oDinion on the Statement, in so far as it relates to the amounts and disclosures
other
audilors'
in ,..'pl.iof,n.t. tuttidiaries. is based solely on the repons of lhe

lnouroDinionandtothebeslofourinformalionandaccordinglotheexplanalions.given
t" ,.u"tJ on the consideration of lhe repons of lhe olher audilors refened to in

"i'j I above, the Statement:

paragraph

a.

includes the results ofthe following entities:

(i) Symphony Limited, (ii) Sylvan Holdings Pte Ltd {iii)lmpcos DE RL Dt'CV'
Ltd
iil'iiylpil'"v aa^ r;c. una 1,; cuangaong svmphonv Keruilai Air Coolers Co '

b,isoresenledinaccordancewiththerequirementsofSEBI(Listingobligationsand

'"

Diiclosure Requiremenlsl Regutalions. 20 I 5: and

and
oi,e< a rrue and fair view in conformiD with lhe aforesaid Accounting Standards
lndia or the consolidared.nel profit
il;; ;;;r;;;t ;;inliple, generallv iccepted inlhe
Nine Months ended ll" March'
n"""Jl,if informattn ofthe Croup for

"rJ",f",
2016.

For DELOITTE HASKINS & SELLS

Chaftered Accountants
(Firm Registration No l17365W)

e.L
Gaurav J Shah
Partner
+1,

Ahmedabad, /

MaY, 2016

(Membership

No 35701)

C6mpliance under Regulation 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015

FORN,4

A (for audit report with unmodified opinion)

Name of the Company

Symphony Limited

Annual financial results for the year

ended on

Standalone Financial Results ior the nine

months ended on March 31,2016

Type of Audit observation

Un-modified

Frequency of observation

Not Applicable

1. Chairman and lvlanaging Director

2. Chief Financial Officer

Acha

keri

P-9
Bhadresh Mehta
Refer our Audit Report dated May 17,2016
on Standalone Financlal Results
FoTDELOITTE HASKINS & SELLS
Chartered Accountants
(Firm Registratlon No 117365\ J)

qd

3. Auditor of the Company

Gaurav J Shah
Partner
(Membership No. 35701)
Ahmedabed

Aud t Com..ittee Cha rman

k Palkar

Compliance under Regulation 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 20'15

FORII A (for audit report with unmodified opinion)

Name of the Company

Symphony Limited

Annual financial results for the year

ended on

Consolidated Financial Results for the nine

months ended on March 3r, 2016

Type of Audit observation

Un-modified

Frequency of observatron

Not Applicable

1. Chalrman and l\,4anaging Director

Chief F nanc

a Officer

AchalBakeri

h.*
Bhadresh Mehta
Refer our Audit Report dated May 17. 2016
on Consolidated Financial Results
FoTDELOITTE HASKINS & SELLS
Chartered Accountants
o. 117365W)

3. Auditor of the Company

Gaurav J Shah
Partner
(Membership No.35701)
Ahmedabad

4. Audit Committee Chairman

Dipak Palkar