IS 1150 9001 :2008

WEARIT
GROUP

HIND SYNTEX LTD.

Date: November 10, 2016

To
The General Manager,
Department of Corporate Service,
Bombay Stock Exchange Limited,
New Trading Ring, Rotunda Building
P. J. Tower, Dalal Street, Fort,
Mumbai - 400001

The Manger
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Bandra Kurla Complex, Bandra (E)
Mumbai -400 051

Dear Sir/Madam,
Sub: Outcome of Board Meeting held on November 10, 2016
With reference to the captioned subject above, please note that the Board of Directors of the Company, at
their meeting held today i.e. November 10, 2016 have considered and approved the following business:
1.

Approved the Un-audited Financial Results for the second quarter and half year ended 30th September,
2016 as recommended by the audit committee at their respective meeting(s) held today.

2.

Limited Review Report issued by the statutory auditors of the Company in respect of Un-audited Financial
Results for the second quarter and half year ended 30th September, 2016

3.

Approved the appointment of Mr. Hemant Vasant Ambekar (holding DIN 07644396) as Additional Director
on the Board of Directors of the Company w.e.f November 10, 2016 to hold the office of Additional Director
upto the date of Annual General Meeting ("AGM").
Subject to the approval of Members at the forthcoming AGM, the Board also approved the appointment
of Mr. Hemant Vasant Ambekar as Whole-time Director for the period of 5 years w.e.f November 10, 2016
In view of the same, we enclose herewith copy of above mentioned Un-audited results and the Limited
Review Report thereon in compliance with the regulation 30 and 33 of the SEBI(Listing Obligations and
Disclosure Requirements) Regulations, 2015.

Further pursuant to regulation 47 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed copy of extract of un-audited financial results for the 2nd quarter and half year ended
30th September, 2016 to be published in the newspapers i.e. 'Free Press' and 'Swadesh' in the format
prescribed as per above said regulation.
The meeting of Board of Directors commenced at 2:45 p.m and concluded at 4:00 p.m.
Kindly take the above on your records.
Thanking you,

End: As above
Corporate Office: 5E & F, Crescent Tower, 229, A.J.e. Bose Road, Kolkata-700 020.
Ph : +91 33 4003 6164/ 6165. Fax: +91 33 4003 6158. Email : kolkata@wearitgroup.com
Indore Office: Sterling Tower, Office No. 214, 4th Floor, 2, M. G. Road, Indore-452 001. Madhya Pradesh
Ph: +91 7314065347. Fax: +91 731 4064767. Email : indore@wearitgroup.com
Registered Office & Manufacturing Complex: Plot No.2, 3, 4 & 5 Sector A, Industrial Growth Centre,
PiIlukhedi-465667, Dist : Rajgarh, Madhya Pradesh.
Ph: +91 7375 2444350; +91 93015 28698. Email: pillukhedi@wearitgroup.com
CIN : L11118MP1980PLC001697

v. SINGHI

& ASSOCIATES

Phone: 3028 7838

Chartered Accountants

Telefax: 3028 7836

e-mail: kolkata@vsinghi.com
Four Mangoe Lane
Surendra Mohan GhoshSarani
Kolkata - 700 001

The Board of Directors

Hind Syntex

Limited

3, 4 & 5,

Plot No.2,
Industrial

Growth

Pillukhedi

District:

Centre,

456667

Rajgarh

(M.P.)

Dear Sirs,
SlJb: Report

on Limited

Company

for

the

Review
Quarter

of the Un-audited
and

Six Months

Financial
ended

Results

of the

30'h September,

2016.

1.

We have reviewed the accompanying Statement of Un-audited

Financial Results of Hind

Syntex Limited ("the Company") for the quarter and six months ended September, 30
2016 ("the Statement), being submitted by the Company pursuant to the requirement of
Regulation 33 of Securities Exchange Board of India (Listing Obligation and Disclosure
Requirements) Regulation, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016dt. July
5, 2016. This Statement which is the responsibility of the Company's management and
approved by the Board of Directors, has been prepared in accordance with the recognition
and measurement principles laid down in the Accounting Standard 25 "Interim Financial
Reporting" ("AS 25"), prescribed under Section 133 of the Companies Act, 2013 read with
relevant rules issued thereunder and other accounting principles generally accepted in
India. Our responsibility is to issue a report on the Statement based on our review.
2.

We conducted our review of the Statement in accordance with the Standard on Review
Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the
Indeoenoent Auditor of the Entity'~ issued by the Institute of Chartered Accountants of
India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statements 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.

3.

Based on our Review conducted as above, nothing has come to our attention that causes
us to believe that the accompanying Statement, prepared in accordance with the aforesaid
Accounting Standards and other accounting principles generally accepted in India has not
disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI
(Listing Obligation and Disclosure Requirements) Regulation, 2015, as modified by Circular
No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be
disclosed, or that it contains any material misstatement.

For V. SINGHI & ASSOCIATES

Chartered Ac 0
tants
Firm Registration
.3 1017E

Place: Kolkata
Date: 10'h November, 2016

(V..
NGHI)
Partner
Membership

No.OSOOSl

HIND SYNTEX LIMITED

PLOT NO.2.3,4 & 5, SECTORA, INDUSTRIAL GROWTH CENTRE. PILLUKHEDI 465 667 (MP)
Tel: +919301528698,
Emall : plilukhedlOwearltgrouo.com
CIN117118MPI980PLCOOI697
STATEMENT OF UNAUDITED FINANCIAL RES"I TC FnR THF nUARTER ANn HALF YEAR ENnFD ~OTH SEPT 2016
Reolstered

PART I
SI.
No.

Office:

3 months
ended
30.09.2016

I rUnaudlted
Income from Open rations
Net Sales I Income (rom Operations

2
lal
(b)
(c)
(d)
(e)
(t)
3

(Net of Excise Duty)

Total Income from Operat'ons

(Net)
Expens
Cost 01 Materials Consumed
Chanoe In Jnventories of Finished Goods and Work In Progress
Emolovee eenefits Exoense
Power and Fuel
Depredatlon and Amortisation
Other Expenses
Total
Proflt/(Lo ) from Operation.
before Other

1.030.42
1030.42

18.06
441.08
409.89
1!~::~
1031.73

Incom., Finance Costs and Exceptlon.IItem. (12)

4
5
6
7
8
9
10
11
12
13
14
15
16

Other Income
Profit/CLoII)
from O"Unary Actlvltle.
before Finance Cost.
and Exceptional
Item.
(3+4)
Finance Costs
Proflt/CLosl)
front Ordinary Actlvltl tt.r Finance Costs
but before Exceptional
Item.
(56)
Exceptional Items
Profit / (LOll)
from Ordinary
Actlvltle.
before Tax (7+1)
Tax Expense
Net Proflt/(LoSS)
from Ordinary
Actlvltle.
aner Tax (9-10)
extraordinary
Items (Net of Tax Expenses)
Net Poflt /CLon)
for the period (11-12)
Paid Uo Equity Share caDi tal
Face Value of Snares of f10 each
Reserves and Surplus (excluding Revaluation Reserve)

PrecedlnQ
3 months ended
30.06.2016

I~~:~!
0611.48

rtl1'IlTO
I~l
nau ted

110.83
(17.41)
406.10
413.31
1!~:~~
1074.3

2095.05

1950.62

2.60
15.41
876.01
832.40
33.18
341.61
2 101.21

138.43
(10.70)
758.08
776.07
29.87
277.24
1968.IIQ

191.71
13.88
1.581.35
1.633.18
63.25
579.05
4062.42

14.8)
0.02

18.16)
13.22

6.1t!
13.27

8.37
7.08

119.511
4.90

1.94
0.26

~.17

5.06

7.11
0.1Q

8.71

15.39

1.68

5.04

5.06

6.72

8.71

15.39

5.04

5.06

".M

8.71

5.04

5.06

6.72

8.71

15.39
1.13
14.26

5.0A
1.271.86

6.72
1,271.86

8.71
1.271.86

14.26
1.271.86

0.04
0.04

0.05
0.05

0.07
0.07

0.11
0.11

1.68

1.6K
1.271.86

~.n.
1,271.86

Earning per Sh.r. b.for. and after Extra Ordinary Items

0.01
0.01
ST"'T~M~N

0.04
0.04

. OF ASSETS AND LIABILITIES

As at
30.09.2016

EQUITY AN 0 LIABILITlEf

Shareholders' Funds
(a) Share capital
(b) Reserves and Surplus
Subtolal
- Shareholde,.'

6.34
30.99

ASSETS

Non Current Assets

(a) Fixed Assets
(b) Long Term loans and Advances
Sub-totll' Non Current Assets

2172.24

2466.73

I.~~~::~

1.~:~:~!
1.871.59

I 927.47

Current Assets
(a)lnventories
(b) Trade Receivables
(c) cash and CaSh Equivalents
Cd) Short Term Loans and Advances
Sub total Current Alaeto
T TA

149.51
1.217.32
70.48
1 437. I

275.53
1.330.90
41.30
I 749.73

E UITY AND LIABILITIES

703.95

710.66

Current Llabllltiu
(a) Trade Payables
(b) Other Current Uabllitles
(c) Short Term ProviSions
Sub-tolal
- Cur nt Liabilities
mTAL-

Rs. in Lacs
As at
31.03.2016

li;~~:~~l\;~~~;
fund.

Non Current U.bIllUe.

(a ) Long Term Sorrowlnos
(b) Long Term Provisions

4,04291
4042.91

Particulars

[Audited'

11.~1)
1.2<

Basic
- Dullted

previous year
ended 31.03.2016

1.950.62

2.095.05

1066.37

2.60
(2.65)
434.93
422.51

fioures for the

previous period
ended

rUnaudlted'

1.066.37

1.064.63
1064.63

Year to date

Corresponding 3
Year to date
months ended fiQures (or current
in the previous
period ended
year
30.09.2016
r-m-~~dW!{,

rUnaudlted'

Rs. in acs
12 Month. Ended

Half Year Ended

uarter Ended

Partlcula"

77.34
5.53
32.38
424.01
539.26

94.49
076
19.41
185.99
00.65

2466.73

- ASSETS

2 172.24

Notes:
Net deferred tax assets on account or unabsorbed depredatlon/camed
In Aa:ountlng Standard CAS) 22 "Accounting for taxes".

forward

lones has not been accounted considering

Impairment of assets, It any, In accordance with Accounting Standard 28 on "Impairment

4

of Assets" would be considered

Share caoltal shown under Shareholder's

Fund Is Induslve of Ro. 66,250/' aoalnst 30.350 forfieted shares
Segment Reporting as defined In Accounting Standard 17 Is not applicable, Since the operation of the Company
work:" for manufacturing Synthetic Blended Yam.

presently

Flgures of the previous penodJyear have been rearranged/re-orouped

wherever found necessary.
The Statutory Auditors' have conducted a limited Review of the above results as required under sEBI ( LOOR) Regulations.

the requlrernent

of certainty/virtual

certainty.

as stated

at the year end.

relates to a single prImary business segment,

t.e. " Job

2015

Calculation of Income Tax and Deffered Tax will be made at the end of the year
The above Statement of Unaudited Financial Result.s have been duly reviewed by the Audit Committee
meetlnQs held on November 10, 2016

Place: Chennai.
Date: November

10. 2016

and approved

by the Board of Directors

of the Company

at-their

respective

~-----------

----.

-HIND SYNTEX LIMITED

Registered Office: PLOTNO.2,3,4 & 5, SECTOR-A,INDUSTRIALGROWTH CENTRE,PILLUKHEDI- 465667

(MP)

Tel: +91 93015 28698, E-mail: pillukhedi@wearitgroup.eom

CIN-L17118MP1980PLCOO1697
UNAUDITED FINANCIAL RESULTSFORTHE QUARTERAND

SfX

MONTHS ENDED 30TH SEPT,2016

(RS In Lacs)

SI.
No.
1
2
3
4

Particulars

rctauoceme from ODerations

Net Profit / (Loss) for the period (before Tax, Exceptional
and/or Extraordinary items)
Net Profit / (Loss) for the period before tax (after Exceptional
and/or extraordinary items)
Net Profit / (Loss) for the period after tax (lifter Exceptional
and/or Extraordinary Items)

Quarter ending!

Year to date

Corresponding 3 months

Current Year
ending

Figures/ Previous

ended in the pervious

1,030.42

Year ending
4,042.91

vear

1.68

15.39

5.06

1.68

15.39

5.06

_.68

14.26

5.06

1.68

14.26

5.06

1,271.86

1,271.86

1,271.86

0,01

0.11

0.04

0,01

0.11

0.04

1,066.37

Total Comprehensive Income for the period [Comprising Profit

5

I (Loss) for

Equity Share Capital

Reserves (exduding Revaluation Reserve) as shown in the

Audited Balance Sheet of the previous year

the period (after tax) and Other Cornprehenstve

Income (after tax)]

Earnings Per Share (of Rs. 10/- each)

(for continuing and discontinued operatlons)1. Basic:
2. Diluted:

The Company does not have any exceptional and/or extraordinary item to report for the above period
Reserves (exduding revaluation reserves) as on 31st March, 2015 : Rs(583.02) Lacs
Note: The above is an extract of the detailed format of Quarter and Twelve months FinanCIal Results filed with the Stock Exchanges
undt: Regulation 33 of the SEBI(Listing and Other Dlsdosure Requirements) Regulations, 2015. The full format of the Quarter and
Twelve months Financial Results are available on the Stock Exchange websites (www.bselndl a,com and www.nsetndra.corn)

For and on behalf of the Board of Directors

;Ji~
Place: Chennal
Dlte: 10th November, 2016

Manlsh Kumar
Director
DIN: 00121900