KARUTURI

GLOBAL P R E S E N C E . GLOBAL S U C C E S S

Dated: isth February 2017

To, To,

BSE Limited National Stock Exchange of India Limited

251h Floor, Phiroze Jeejebhoy Towers, 'Exchange Plaza' C.1, Block GI

Dalal Strcct Bandra Kurla Complex, bandra (E)

Mumbai -400 001 Mumbai- 400051

Subject: Outcome of Board Meeting

Approval of UI-I-Audiled rilldll~idlre5ull5 fur Llle qudrler elldrd 3151 D r ~ r l r ~ b2016.

rr

Allotment of Equity Shares t o warrant holders.

Appointment of Mr. Ashok Herur as Additional Independent director.

Appointment of Ms. Yeshoda Karuturi as Executive Director of the company

Appointment oi Mr. Mahaveer Jain Finance Manager as the Interim Chief Financial officer of the
Company.

Exit from Gherkin business.

r"
Sai ama Krishna Karuturi

Chairman and Managing Director

Karuturi Global Limited

Reg. Office : # 304, Embassy Centre, 11, Crescent Road, Bengaluru - 560 001, India. CIN : LO1122KA1994PLC016834
Tel : +91 -80 - 4080 9000, Fax : +91 - 80 - 2225 9782, e-mail : info@karuturi.com,url : www.karuturi.com
 "---

Rorarve sxcludlng Revaluation

Resarvss as per balancesheet
15 of prnvlo~rsaccounting year
I Earnlngs Par Share (before
axtrn nrdlnory Items) (of 'Rs 11-
16 each) (not onnuallsed):
(a) l l n ~ l c (0.024) (0.038) 0.074 (0.053) (0.088) (0.126) 0.140 0.001 0.083 0.242 0.l4!i 1.461
(b) Vllutad (0.024) (0.026) 0.050 (0.053) (0.060) (0.086) 0.139 0.001 0.056 0.241 O,O~lfl 0.995
I1 Enrrllngs Per Share (after extra
orrilrlnry Itams) (of 'Rs 11-each)
17 (not hnmrnllsed):
- -- . -. --- -
I n ) HII~C (0.024) (0.038) 0.014 (0.053) ,-.- (0.088) (0.126) 0.140 0.001 0.083 -- 0.242 . .. --
.
11, 14') 1.461
(b) Ollutad (0.024) (0.026) 0.050 (0.053) (0.060) (0.086) 0.139 0.001 0.056 0.241 0.0'19 0.995
Notea i
1.Thn nl~ovnrnsults as reviawprl by the Audlt Commltteo were approved by the Dourd of Dlrectors a1 lltelt M r r l l l ~ Irtlllatrd
g on 14th Feb, and ~ : o t ~ c l ~oil L ~ lF~vh,7111 1
~ r15111
JIUU udopted IIldldl~~\~:O.IBI~~III~I~
7. Tllvl r:~~l~l~,rIlly Stnndsrds (lnd AS) frolrr i b L Apt, 2Ulb ond nccordlngly thasa Hnsnclsl ~esull, Iwvr b e a , ~
propurud In accordance wlth the recognltlon and measurement prlnclples lald down In the Ind AS 34 lntsrlm Flnanclal Reportln~.
3. Stalulo~yAudllorr ot thc Compony hnvn cnnd~~rrpol
l l t ~ ~ l l e~wvluw
tl "11 1l1u flnanclal rosulte for thc quortar cnded 31.12.201G

4. As thn Compnny deals prlmarllv wlth floriculture and alllsd products, segment wlse flgures are not published.
5. FlRurou for tlle prevlous perlods have been regmupad, whenever necessary, to correspond wlth the figures of the current perlod.
6. Provlolnnal Interest coct ~horgedon Dorrowlngl liar baa^^ ~ava~bwd.
rnsnntnrl nro n, urrdwr:

adlng to Increase In Equity to Us. 149.75 cr

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 G.G.PATIL A N D CO.
CHARTERED ACCOUNTANTS

Head Office: No.69, 2nd Floor, Sapthagiri Apartments, 6 t h Cross, Malleshwaram, Bangalore- 560 0 0 3 .
Phone : (080)23340487, E-mail: admin@ggpco.org, Web: www.ggpco.org

LIMITED REVIEW REPORT

THE BOARD OF DIRECTORS,
KARUTURI GLOBAL LIMITED,
BANGALORE.

1. We have Reviewed the accompanying Unaudited Financial Results of M/s. Karuturi Global
Limited ( "the Company ") for the period 1st October, 2016 to 3 1 ~December,
t 2016 being Sublr~ltted
by Company Pursuant Lo the Requirement of Regulation 3 3 of SEBI (Listing Obligations and
Disclosure Requirements ]Regulations 2015,as Modified by Circular No .CIR/CFD/FAC/62/2016
dated July 5,2016. This Statement, is the responsibility of the Company's Management ancl
Approved by Board of Directors, which have been prepared in accordance with the recognition ancl
measui-ernent principles laid down in Accoullting Standard for Interim Financial Reporting,
prescribed, under Section 1 3 3 of the Companies Act, 2013 read with relevant rules Issued there
under; or by the Institute of Chartered Accountants of India, as applicable and other accounting
principles generally accepted in India. Our responsibility is to issue a report on these finaliclal
statements based on our review.

2. We collducted our review in accordance with the Standard on Review Engagement (SRE) 24.1.0,
"Review of Interim Financial Inforlnatioli Perfurnled by the Independent Auditor ol' the Entity"
issued by the Institute of Chartered Accountants of India. This standard recluires that we pla~lancl
perform the review to obtain moderate assurance as to whether the financial statements are free ol'
material misstatement. A review is limited prilnarily to inquiries of company personnel a ~ l d
analytical procedures applied to financial data and thus provides less assurance than an audlt. Wc
have not performed an audit and accordingly, we clo not express an auclit opinion

3. Based on our review conducted a s above, we pointed out some of tllc cxccptlons as statccl In
the annexure to this report, nothing has come to our attention that causes us to believe that the
accompanying statement of unaudited financial results prepared in accol.dallce wit11 appllcablc
accounting standards notified pursuant to Companies (Accounting Standards) Rules, 2014 and
reclull.ed to hc
other recognized accounting practices and policies has not disclosed the ilifor~ii;~tion
disclosed in terms of Regulation 33 of SEBI (Listing Obligatioli aucl Disclosure liecluire~ncl~ls)
Regulations, 2015 including the manner in which it is to be disclosecl, or that it contains ally
material misstatement o r that it has not been prepared in accorclance with relevant llllal~cigl
reporting framework.

For C C PATlL & CQ

Chartered Accounlallls

(M.No : 22551 3)
Bangalore, February 1$1,2017

Branch Office:- Shri Basava Plaza, 2nd Floor, 2nd Cross , Lingaraj Nagar North, Behind Valshnavl C h e t a n a Colleg
Hubli-58C 031, Phone:- ( 0 8 3 6 ) 2 2 7 7 2 2 , E-mail: admin@ggpco.org. Web: w ~ w . ~ ~ ~ c o . o r ~
 G.G.PATIL A N D CO.
CHARTERED ACCOUNTANTS
Head Office: No.69, 2nd Floor, Sapthagiri Apartments, 6th Cross, Malleshwaram, Bangalore- 560 003.
Phone : (080)23340487, E-mail: admin@ggpco.org, Web: www.ggpco.org
.-

ANNEXURE TO LIMITED REVIEW REPORT 017 IiARUTURI GLOBAL LIMITED FOR 'THE
QUARTEQ ENDED 31" DECEMBER, 2016 DATED 1 4 T H FEBRUARY 2017.

1. This is to state that we have conducted otrr review only on the standulonefinarlcial statvn~et~t
of M / s . I<aruturi Global Limited and we lrcrve not conducted any review of any of fhc or-her
subsidiaries or consolidatedfinancial res~rltscrnd stundulone bulonce sheet of the coniprrr~y.
2. We stute that the sundry debtors outst[rndi~~g
in the bool<s are rnore than 1 year wlliclr is
normally above the operutir~gcycle of'the ~~rotluct
dealt with. Wherein Existing Coritr.ols and
Documentory eviderlces are not Su~j7cientli)rus to Satis0 ourself that these figures tire /krr
from Material Misstatement.
clue to unseerr Death ofvlnl.crllcrlAuditor:
3. Curre/it/y tllr Place of'lnternnl Auditor is V(~c,rrr~t
4. During the Quarter, the Company hirs 11ttrile strles amounting to Rs.ZS3.01 Lcr1dt.s olrtl
Pur-c/ic,sc.s nrnounting to RsZZZ.Z7 l,a/hs, Wlieraill we observed that Existirlg ~ o n ~ r o ilrlrl
is
Docunientnry evidences crre not S~if]i.ciclll/Or [.is to Sutisjy ourself that these ligur'es tr1.o li.ccl
frorrr Misstuter~~ent.

For G G IJA'I'IL & C O

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/-

'- . ... ,- l'~ll~tll~.~l~

Branch Orrice:- Shri Bardva Plaza, 2nd Floor, 2nd Cross , Lingaraj Nagar North, Behind Vaishnavl Chctana Collegt
Hubli-580 031, Phone:- (0836) 2277223, E-mail: admin@ggpco.org. Web: www.ggpco.org