30thMay, 2016

To,
The Manager - DCS
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001
Dear Sir,

Scrip Code: 530627

Sub.: Outcome of Board Meeting held today i.e. 30fllMay, 2016
Pursuant to Regulation 30 of the SEBI (Listing Obligations and 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"' May, 2016; ilzt~r-alinconsidered the following businesses:
1. As per the provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, approved the Standalone Audited Financial Results
for the quarter and year ended 31st March , 2016 and Consolidated Financial Results for
the year ended 31stMarch, 2016;
2. Recommended the payment of dividend on Equity shares @ Re. 0.80 ( Eighty Paise only)
per share i.e. 8% of the paid up Equity Share capital of Company for the year ended 31st
March, 2016, subject to the approval of the shareholders in the forthcoming Annual
General Meeting of the Company. The dividend if approved at the Aru~ualGeneral
Meeting of the Company, shall be paid/ dispatched between 13th October, 2016 to 15tll
October, 2016;
3. Re-appointed Mr. Vipul P. Shah(DIN:00181636)as a Managing Director of the Company
for a further period of three (3) years with effect from 15th June, 2016 subject to the
approval of members in the ensuing Annual General mcetii~gof the Compai~y.
Mr. Vipul P. Shah is Managing Director of the Company. He is associated with the
Company since more than two decades.He is a Chemical Engineer having more than 27
years of experience in chemical dyestuff and pharmaceutical industry. He is son of Mr.
P. B. Shah, Chairman of the Company.
ereby enclose the following:

ii. Auditors Report on Standalone Financial Results for the quarter and year ended 31st
March, 2016 and Consolidated Financial Results for the year ended 31st March, 2016.
iii. Declaration regarding Audit Report with unmodified opinion, pursual~tto the second
proviso to the Regulation 33(3)(d) of the SEBl (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended on 25th May, 2016

The meeting of the Board of Directors commenced at 4.30 PM and concluded at 6:50
P.M.
Kindly take the above in your record and acknowledge the receipt of the same.
Thanking you,
Yours faithfully,
For VIPUL DYECHEM LIMITED

(Mitali Shah)
Company Secretary & Compliance Officer
Encl.: As above
Cc:
Ahmedabad Stock Exchange Ltd.,
Kamdhenu Complex, Opp. Sahajanand College,
Panjrapole, Ahmedabad
Gujarat - 380 015

Encl: A/a

/ Tel.: +91-22-6613 9999

Off. Veera Desai Road, Andheri (W),
Mumbai - 400 053. (India)

Plot No. 11, Survey No. 35,

Diwan & Sons Industrial Estate,
Village - Aliyali, Palghar (West),

FfIN & 1 34llnMHlQ47Pl Ffnl5riA54

Dist Thane

- All1

AClA

Plot No. N14, M.I.D.C.,

A.M.P. Road,
Ambernath (West),
Dist Thane

- A71

5171

Fax: +91-22-6613 9977 16613 9975

1 E-mail : info@vipuldyes.com
I Web: www.vipuldyes.com

Infinite possibilities

( Rs. In Lacs except EPS)

Particulars

Quarter Ended

lncome from ouerations

(a) Net Salesllncome from Operations (Net of
(b) Other Operatinq lncome
Total Income from owerations (net)
Exuenses
(a) Cost of rnatre~alsconsumed
(b) Purchase of stock in trade
fc)
d
. . Chanaes in inventories of f ~ n ~ s h egoods,
work-in-progress and stock-in-trade
(d) Ernplovees benefit expenses
(e) Depreciation and amortisation expenses
(0Other expenses

4
5

1
6
7

Total exwenses
Profit I(Loss) from Operations before other
income, finance cost and exceptional items
11-21
Other Income
Profit I (Loss) from ordinary activities
lbefore finance costs and exceotional items
13+4)
Finance Costs
Profit I(Loss) from ordinary activities after
finance costs and exceptional items (526)

Year Ended

Year ended

Year ended

1,544.45

1.295.67

1.485.57

5,237.51

5:236.68

5,252 55

5,245.68

1,544.45

1,295.67

1,485.57

5,237.51

5,236.68

5,252.55

5,245.68

459.77
526.85

413.88
399.14

436.03
724 23

1,708 25
2.059.72

1,542.91
2,394.57

1,717.75
2,038.68

1.554.67
2,370.21

167.60
48.52
22.55

138 55
48 42
21.74

31 59
31 59
(18.63)
79 88
183.99
177.38
167.52
42.67
66.73 87.08
91.11
45.48 -

1,495.76

1,250.11

48.69
5.08

45.57
2.40

5,052.90

1,447.38

94.50
174 03
71.74

995.01
5,058.13

5,047.45

pp

189.23
11.79

184.60
11.89

38.19
7.26

31-Mar-15
31-Mar-15
31-Mar-16
31-Mar-I6
Standalone Standalone Consolidated Consolidated
Audited
Audited
Audited
Audited

31-Mar-15
31-Mar-16 31-Dec-15
Standalone Standalone Standalone
Audited
Audited
Unaudited

1
1

179.52
11.81

194.42
9.51

53.77
12 88

47.97
16.69

45.44
19.57

196.50
66.21

201.02
66.70

203.92
66 23

191.33
68.10

40.89

31.28

25.87

130.29

134.32

137.70

123.23

Profit I (Loss) from ordinarv activities

18.ii EPS (After extraordinary items) ( of Rs.10

each) (not to be annualised)
(a) Basic
(b) Diluted

0.47
0.47

0.40
0.40

0.20
0 20

1.63
1.63

1
ndustrial Estate,
Off. Veera Desai Road, Andheri (W),
Mumbai - 400 053. (India)
CIN # L2411OWIH1972PLCO15857

y No. 35,
Diwan & Sons Industrial Estate,
Village - Aliyali, Palghar (West),
Dist. Thane - 401 404.

1
/

A.M.P. Road,
Ambernath (West),
Dist. Thane - 421 501.

1.44
1.44

Tel.: +91-22-6613 9999

Fax: +91-22-6613 9977 / 661 3 9975
E-mail : info@vipuldyes.com
Web: www.vipuldyes.com

Particulars

(Rs.in Lacs)
As at
As at
As at
As at
31/03/2016 31/03/2015
31/03/2016
31/03/2015
Standalone Standalone Consolidated Consolidated
Audited
Audited
Audited
Audited

Notes:
1 The above financial results were reviewd by the Audit Committee and taken on record by the Board of
Directors in its meeting held on 30.05.2016.
The Company is dealing in only one segment i.e. Dyes and Intermediates,hence segment reporting is not
applicable lo the Company.
3 The Board of Directors has recommended a div~dendof Rs. 0 80 per equity share of Rs. 101-each subject tc
the approval of shareholders in ensuing Annual General Meeting.
4 The previous quarterlperiod f~gureshave been regroupedlrearranged wherever necessary to make them
comparable.
5 The figures for the last quarter are the balancing figures between audited figures in respect of full financial
year and the published year to date figures upto the third quarter of the financial year.
2

By order o f the Board of Directors

Place:Mumbai
Date : 30/05/2016

A-"'

Vipul P Shah
Managing Director

J. A.RAJANI 8a GO.
CHARTERED A C C O U N T A N T S

PRlrTESH J. RATAN1
6. COM., F.C.A., D.I.S.A.

110, G~.ountlFloor, Bhagwan Raja Nagar,

Patel Estate Rd, Jogeshwari(W), Mumbai - 10%.
Tel.: 2678 2600
Email: jarajanica@redifflnail.com

Independent Auditor's Report

To
Board of Directors
Vipul Dyechem Limited
We have audited the Consolidated Statement of Financial Results of Vipul Dyechem Limited ("the Holding
Company" or "the Company") ,its subsidiaries (Collectively referred t o as "the Group") for the year ended
March 31, 2016 attached herewith, being submitted by the Company pursuant t o the requirement of
Regulation 33 and 52 of the SEBl (Listing obligations and Disclosure Requirements) Regulations, 2015.
These consolidated financial results have been prepared from consolidated financial statements, which
are the responsibility of the Company's management and have been prepared in accordance with the
recognition and measurement principles laid down in Accounting Standards prescribed under section 133
of the Company Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other
accounting principles generally accepted in India.
Our responsibility is t o express an opinion on these consolidated financial results based on our audit of
such consolidated financial results. 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.
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 t o the best of our information and according t o the explanations give to us these
annual consolidated financial results.
i. have been presented i n accordance with the requirements of regulation 33 and 52 of the SEBl
(Listing Obligations and Disclosure Requirements) Regulation, 2015 in the regard and
ii. give a true and fair view of the consolidated net profit and other financial information for the financial
year ended March 31, 2016.
For J. A. Rajani & Co.

Proprietor
Membership No. 116740
~ u m b a i , 3 0 'May
~ 2016

J. A.RAJANI 8r CO.
CHARTERED A C C O U N T A N T S

118, C r o ~ ~ nFloor,
tl
Bhagwan Raja Nagar,

PRITESH J.RAJANI

Patel Estate Rd, Jogeshwari (W), Mumbai - 102.

Tel.: 2678 2680
Email: jarajanicn@rediffmail.com

G . COM., F.C.A., 13.I.S.A.

Independent Auditor's R e p o r t
To
Board of Directors
Vipul Dyechem Limited
We have audited the Statement of Financial Results of Vipul Dyechem Limited ("the Company") for the
year ended March 31, 2016, attached herewith, being submitted by the Company pursuant t o the
requirement of Regulation 33 and 52 of the SEBl (Listing Obligations and Disclosure Requirements)
Regulations, 2015. These financial results are the responsibility of the company's management and have
been prepared in accordance with the recognition and measurement principles laid down in Accounting
Standards prescribed under section 133 of the Company Act, 2013 read with Rule 7 of the Companies
(Accounts) Rules, 2014 and other accounting principles generally accepted in India.
Our responsibility is t o express an opinion on these financial results based on our audit of such financial
statements. We conducted our audit in accordance with the auditing standards generally accepted in
India. Those standards require that we plan and perform the audit t o obtain reasonable assurance about
whether the financial results are free of material misstatement.
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 t o the best of our information and according t o the explanations give t o us these
financial results:
are presented in accordance with the requirements of Regulation 33 and 52 of the SEBl
(i)
(Listing Obligations and Disclosure Requirements) Regulation 2015 in the regard and
(ii)

,-h

-r ty

give a true and fair view of the net profit and other financial information for the year ended
March 31, 2016.

For J. A. Rajani & Co.

.Chartered Accountants

Proprietor
Membersh~p110.116740
~ u m b a i , 3 0May
~ ~ 2016

DECLARATION ON CONSOLIDATED FINANCIAL RESULTS

(Pursuant to the second p1,ouiso to Re,ot~lntion33(3)(d)oftlze Sectrrities and Exchange Board of India
(Listing Obligatio~zsand Disclost~veRequirenlents) Regulations, 2015)

The Board of Directors of the Company in its meeting held on 30t" May 2016 has approved the
Consolidated Financial Results for the year ended 31st March 2016 and we hereby declare that
the Statuory Auditors of the Company, M/s.J.A.RAJANI & CO, Chartered Accountants,
Mumbai (FRN: 108331W) have issued an Audit Report with unmodified opinion on the said
results.
This declaration is issued in compliance with the provisions of second proviso to the Regulation
33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended by the Securities and Exchange Board of India
2016 read with
(Listing Obligations and Disclosure Requirements) (Amendment) Regulatio~~s,
SEBI Circular No. CIR/CFD/CMD/50/2016 dated 27t11 May 2016.

For Vipul Dyechem Limited

.,/vipul P. Shah
Managing Director
DIN: 00181636

Place: Mumbai
Date: 30th May 2016

Mumbai - 400 053. (India)

DECLARATION ON STANDALONE FINANCIAL RESULTS

(Purstralzt to tlze second prooiso to Regulation 33(3)(d)of tlze Sect~ritiesand Exclzange Board of
fndia(listi1zg Obligations alzd Disclosure Reqtrirei~zerits)Regulations, 2015)

The Board of Directors of the Company in its meeting held on 30th May 2016 has approved the
Standalone Financial Results for the quarter and year ended 31st March 2016 and we hereby
declare that the Statuory Auditors of the Company, M/s.J.A.RAJANI & CO., Chartered
Accountants, Mu~nbai(FRN: 108331W) have issued an Audit Report with uninodilied opinion
on the said results.
This declaration is issued in colnyliance with the provisions of second proviso to the Regulation
33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended by the Securities and Exchange Board of
India(Listing Obligations and Disclosure Requirements) (Amendment)Regulations, 2016 read
with SEBI Circular No. CIR/CFD/CMD/50/2016 dated 27th May 2016.

For Vipul Dyechem Limited

- Vipul P. Shah
Managing Director
DIN: 00181636
Place: Mulnbai
Date: 30tl1 May 2016

ax: +91-22-6613 9977 16613 9975

mail : info@vipuldyes.com
eb: www.vipuldyes.com