Registered Office:

Office #. 1, 1st Floor

22/24/26, Shipping House
Kumpta Street, Fort
Mumbai-400 001. India
Tel. : +91 2222656051 /52
Fax: +91 22 2265 8489
Email : info@specinfotek.com

e .

i~::-.SPECTACLE

VENTURES LIMITED

e.

GIN No. L51900~viH19B5PLC036271

30 t h May, 2016

To,

To

The Manager - Listing

SYMBOL: SPECTACLE
National Stock Exchange of India Ltd
Exchange Plaza, 5 t h Floor, 'G' Block
Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051

The Manager -DCS

Scrip Code: 512413
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai - 400 001

Dear Sir,

Symbol: SPECTACLE / Scrip Code: 512413

Sub.: Outcome of Board Meeting held on ao- May, 2016
Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to
inform you that the Board of Directors of the Company at its meeting held today i.e.
30 th May, 2016, inter alia considered and approved the Audited Financial Results of the
Company for the quarter and year ended 31 s t March, 2016.
Copy of the Audited Financial Results for the quarter and year ended 31 st March, 2016
along with Statement of Assets and Liabilities for the year ended 31 st March, 2016,
Auditors' Report thereon and declaration pursuant to the second proviso to the
Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015(as amended) are attached herewith for your records.
The meeting of the Board of Directors of the Company commenced at 5.00 p.m. and
concluded at 7.00 p.m.
Kindly take the above on your records.
Thanking you,
Yours faithfully

For Spectacle Ventures Limited

;;;

I~ /

Shaikh Fazal Mehmood

Managing Director

DIN: 00710075
Encl.: As Above

Registered Office:
Off ice # . 1, 1st Floor
22/24/26, Shipp ing House
Kumpta Str eet, Fort
Mumbai -400 001. India
Tel.: +91 222265605 1/52
Fax: + 91 22 2265 8489
Email: info@specinfotek.com

,f.-.

...rSPECTACLE
.---.

VENTURES lIMITED

CIN No. L51900M:-, 1" cF LC03621,1

SPECTACLE VENTURES LIMITED

(CIN:L51900MHI 985PLC035271)

Redg. Office: Office No. I, 22/24/26, Shipping House, 1st Floo r. Kumpta Street, Fort, Mumbai- 400001

Tel No.02222656051 Email ld: fazal2761@gmail.com ; Website: www .specinfotek.com

5tatement of Audited Financial Results for th e Quarter and year ended 31.03.2016

51. No.

Particulars

(Rs.In Lacs)

Quarter Ended
31.03.2016

Quarter Ended
31.12.2015

Quarter Ended
31.03 .2015

Year Ended
31.03.2016

Audit ed

Un-audit ed

Audit ed

Aud it ed

Previous Year
Ended
31.03 .20~5

bl Other operat ing income

Tot al income from o,Peratlons (netl
Expenses
a) Cost of Materials Consumed
bl Purchases of stock-in-trade
(c) Changes in inventor ies of fin ished goods,
progress and stock- in-trad e

. e) Depreciation and amort isation expense

(f) Other expenses(Any item exceeding 10% of t he to tal
expenses relati ng to con tinuing operations to be shown
separately)
Tot al Expenses
Profi t / (Loss)from ope rations before oth er income, finance
costs and exceptional It ems (1-2)

4
5

Other income
Profit / (Loss)from ordi nary acti vities before finance costs
and exceptional items (3 + 4)

6
7

Finance costs
Profit / (Loss)fro m ord inary act ivities aft er fi nance costs but
before exceptio nal items (5+6)

8
9
10
11

Exceotional it ems
Profi t / (l oss) from ordinary acti vities before tax 17+81
Tax expense
Net Profi t / (l oss) f rom ordinary activities aft er tax (9+10)

12

Extraordinary ite ms (net of tax expense Rs._ _lak hs)

13
14

Net Profi t / uo ss) f or th e period III + 121

!paid-up equity share capital (FaceValue of the Share shall be
iindicated) (Re.l /- per Share)

~ Rese rve excluding Revaluatio n Reserves as per balance sheet

of previous account ing year
16 (i) lEarnings per share (before extraordinary items) (of Re.l/ - per
15hare}(Not AnnualisedlBasic & Diluted

T
I

0 .00
0.00
0 .00

0.00
0 .00
0.0 0

0.00
0.00
0.00

0.0 0
0.0 0
0 .00

0.00
0.00
0 .00

0 .00
0.00

0.00
0 .00

0.00
0 .00

0.00
0 .00

0.00
0.00

0.00
0 .30
0 .00

0 .00
0 .3 1
0. 00

0 .00
0.3 1
0 .00

0.00
1.2 1
0.00

0 .00
1.26
0 .00

0.56
0 .86

0 .80
1.11

2.6 1
2.92

6.39
7 .60

7.50
8. 76

-0 .86
0 .00

-1 .11
0.00

-2 .92
0.47

-7 .60
0.00

-8.76
0.47

-0 .86
0.00

-1 .11
0.00

-2 .45
0 .00

-7 .60
0.00

-8. 29
0 .00

-0 .86
- 197 .51
-198 .37
0 .00

- 1.11
0 .00
- 1.11
0 .00

-2 .45
0.00
-2.45
0.00

-7.60
-43 0 .6 1
-438.21
0 .00

-8 .29
0 .00
-8.29
0.00

-198.37

-1.11

-2.45

-438.21

-8.29

0.00
-198.37

0.00
-1.11

0.00
-2.45

0.00
-438.21

514 .50

5 14 .50

514 .50

514 .50

514 .50

0.00

0.00

143.15

0.00

143.15

-0.39

0 .00

0.00

-0.85

-0.02

wo rk-in

I d) Emplovee benefi ts expense

Aud ited

Income from ooer ati ons

(a) Net sales/i ncome from opera tions (Net of excise duty)

~tn u~

'/' <v

(~ M
lf4A\ j J

Q's

",/')-1

0.00
-8.29

..

Registered Office:
Office #. 1, 1st Floor
22/24/26, Shipp ing House
Kump ta Street, Fort
Mumba i-400 001. Ind ia
Tel. : + 91 22 2265 6051 / 52
Fax : + 9 1 22 2265 8489
Email : info@specinfot ek.com

CIN No. L519001l,H 1985PLC036271

I

(Rsin Lakhs)

Stat em ent of Asset s & liabilities

151.No. Particu lars

EQUITYAND LIABILITIES

Shareho lders Fund

(al Share Capit al
(b) Reserves and surplus
(c ) Revaluation Reserves
(d) M oney received against share w arrant s
Tot al (1)
Share applicat ion money pendi ng allotment

As at
31.03 .2016
(Audit edl

As at
31. 03.2015
(Auditedl

514.50
-304.40
0.00
0.00
210.10
0.00

514.50
143.14
0.00
0.00
657.64
0.00

Non-current liabili tie s

(a) Long-t erm borr ow ings
(b) Deferr ed t ax liabil it ies (net )
(c) Oth er long-ter m liabilities
(d) Long-term provi sions
Tota l (3)

23.88
0.00
0.00
0.00
23.88

22.03
0.00
0.00
0.00
22.03

Curr en t liabilities
(a) Short -term borr ow ings
(b) Trade payables
(c) Ot her current liabiliti es
(d) Short -ter m provisions
Total (4)

0.00
11.25
0.00
0.50
11.75

0.00
11146.48
31. 11
51.26
11228.8 5

245.73

11908.52

0.00
238.68
5.67
0.25
0.00
244.60

0.10
238.68
5.67
289.55
0.00
534.00

0.00
0.00
0.00
1.13
0.00
0.00
1.13

0.00
0.00
11284.55
1.16
88.81
0.00
11374.52

245.73

11908.5 2

Total A
B

IASS ETS

Non -curr ent assets

a) Fixed assets
b) Non-current investments
c) Deferr ed tax assets (net)
d) Long-te rm loans and advances
e) Oth er non-curre nt assets
Total (1)

Current assets
(a) Curre nt inv estme nts
(b) Invent ories
(c) Trade receivable s
(d) Cash and cash equivalents
(e) Short -ter m loans and advances
If) Other curr ent assets
Total (2)
TOTALB

NOTES
1

The above Audite d Financial Rresult s have been review ed by the Audit committee and approved by t he Board of Directors of the Company in th eir
meeti ngs held on 30.05.20 16.

2
3
4

The Company is ooer atin g only in a single segment. Hence Accountin g standard A5-17 on segmen t report ing is not applicable.
There were no investor compl aints pending at th e beginnin g and at th e end of ouarter
Previous perio d / year fig ures have been re-c1assified/ rearr anged / re-grouped wh erever necessary .
FORAND BEHALF OF THE BOARD OF DIRECTORS
SPECTACLE VENTURES LIMITED

Date : 30.05.2016
Place : M umbai

~~

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(.">,,'f;,
/

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it)
I K~ZAL

SH
MEHMOOD
MANAGING DIRECTOR

CHARTERED ACCOUNTANTS
1103, Arcadia, 195 Nariman Point,
Auditor's Report on Quarterly Financial Results and Year to Date Results ofMumbai - 400 021.
Spectacle Ventures Limited (formerly known as Spectacle Infotek Limited) Tel.: 30284848 Fax: 30284850
Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosuffinail: pdsmail@pdsarafco.com
Requirements) Regulations, 2015

To
The Members
Spectacle Ventures Limited
We have audited the quarterly financial results of Spectacle Ventures Limited (formerly known as Spectacle
Infotek Limited) for the quarter ended March 31, 2016 and the year to date results for the period from April 1,
2015 to March 31, 2016, attached herewith, being submitted by the company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These
quarterly financial results as well as the year to date financial results have been prepared on the basis of the
interim financial statements, which are the responsibility of the company's management. Our responsibility is to
express an opinion on these financial results based on our audit of such interim financial statements, which
have been prepared in accordance with the recognition and measurement principles laid down in Accounting
Standard for Interim Financial Reporting (AS 25/ Ind AS 34), prescribed, under Section 133 of the Companies
Act, 2013 read with relevant rules issued thereunder; or by the Institute of Chartered Accountants of India, as
applicable. and other accounting principles generally accepted in India.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial results
are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the
amounts disclosed as financial results. An audit also includes assessing the accounting principles used and
significant estimates made by management. We believe that our audit provides a reasonable basis for our
opinion.
In our opinion and to the best of our information and according to the explanations given to us these quarterly
financial results as well as the year to date results:
(i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 in this regard; and
(ii) give a true and fair view of the net profit/loss and other financial information for the quarter ended March 31,
2016 as well as the year to date results for the period from April 1,2015 to March 31, 2016.
Emphasis of matter
Without qualifying our opinion, we draw your attention to:
i)
The net worth of the overseas companies in which the Company has invested is completely eroded
and hence raises doubts on the carrying cost of the same in the books of the Company;
ii)
Write-off during the quarter of certain non-moving debit and credit balances since a long period and
which were in view of the management not recoverable/payable;
iii)
Inadequate current assets to fulfil the obligations of current liabilities, raising doubts about the
payment capacity of the Company; and
iv)
No concrete plans for re-starting the business operations of the Company, raising doubts about
accounting for the Company on a going concern basis.
For P. D. Saraf & Co.
Chartered Accountants
(F.R.No.109241W)

Madh~SU n Saraf
Partner
M.No. F 41 7
Mumbai, May 30,2016