pco SeamlessRings (Gri arat) Ltd.

Regd' rechnopark';
onice:34'corpus Karnataka-560034
tHrfff"Ti#3"tJr3l?itJJf.lif.i]l;san'arore';

To Date:11.11.20L6
The Manager-Listing Department
Bombay StockExchange
1stfloor, Rotunda Building
Phirozef eejeebhoyTowers,
Dalal Street,
Mumbai-400001

SUB: - Outcome of Board Meeting

Scrip Code: - 505797
Dear Sir,

With referenceto abovecitedsubjectwe wish to inform you that the meetingof Boardof Directorsof
M/s Mipco SeamlessRings (Gujarat)Limited have consideredand approvedUn-Auditedfinancial
resultsfor quarterendedas on 30mSeptember, 2016in accordance with Regulation33 of SEBI(Listing
Obligations and DisclosureRequirements)
Regulations,2015

Themeetingcommenced
at 4.00P.Mand concludedat 5.45P.M

Youarerequestedto takethe sameon record.

ThankingYou

For MIPCOSEAMLESS
RINGS(GUIARAT)LIMITED

(/fr)*-1'"'?
nu'
SANJTV
KUMARTANDON
DIRECTOR,
DIN: 02579261

Corp- Olfice: Plot No.82, Abburu Heights, Door No.1-80/40/SP/82,Silpa Layoug Hi-tech City, lTet 040-3078?305,
Gacchibowli, Serilingampalln Hyderabad-500081 |
I Fa* 040-30787314
 Residency
FlatNo.402,Ramkishen
GANESHYENKAT & Co., Nagar,
Anand
o-s-009/150, Khairatabad
Accountants
Chartered Hyderabad ' 500 004
66836879,
Ph:040-23396879, 66838437
-
Fax:040 2331U37
@ganeshvenkat.
: raiavenkatg
email com

LIMITED REVIEW REPORT

To The Board of Directors,
I/VS. MIPCO SEAMLESSRINGS (GUIARAT) LIMITED ^'

"We have reviewed the accompanying statement of un-audited standalone financial results
NVS. MIPCO SEAMLESS RINGS (GUIARAT) LIMITED for the quarter and six months ended
30ft Septembeg 2015" except for the disclosures regarding 'Public Shareholding' and 'Promoter and
Promoter Group Shareholding' which have been traced from disclosuresmade by the managementbut
have neither been reviewed nor been audited by us. The statement has been prepared by the company
pursuant to Clause 41 of the Listing Agreements with the Stock Exchange in India, which has been
initialed by us for identification purpose. This statement is the responsibility of the company
managementand has been approved by the board of directors/ Audit committee. Our responsibility is
to issue a report on thesefinancial statementsbasedon our review.

We conducted our review in accordance with the standard on Review Engagement (SRE) 2410,
"Review of Lrterim Financial Information Performed by the Independent Auditor of the Entity" issued
by the Chartered Accountants of India. This standard requires that we plan and perform the review to
obtain moderate assur.u:lceas to whether the financial statementsare free of material misstatements.
A review is limited primarily to inquiries of company personnel and analytical procedures applied to
financial data and thus provide less assurancethan audit. We have not performed an audit and,
accordingly, we do not expressan audit opinion.
We have only traced the disclosures regarding 'Public Shareholding' and 'Promoter and Promoter
Group Shareholding' in the statement from the disclosures made by the Management and are,
therefore,not expressinga review opinion thereon.
Basedon our review conducted as above, nothing has come to our notice that causesus to believe that
accompanying statement of unaudited standalone financial results prepared in accordance with
accounting standards referred to in Rule 7 of the companies (Accounts) Rules, 201,4and in respect of
section 133 of the companies Act 2013 and other recognized accounting practices and policies has not
been disclosed the information required to be disclosedin terms of clause 41 of the Listing Agreement
including the manner in which it is to be disclosed,or that it contains any material misstatement.
For IWs GANESHVENKAT & Co..

Place:Hyderabad,
Date:11-11-201,6.
 MTPCOSEAMLESS RINGS(GUJARAT)LIMITED
Regd Off:#34, Gorpus Techno Park, AVS Compound, 4th Block, Koramangala, Bangalore-560034
layout, Hi-tech City, Gacchibowli,Hyderabad- 500081,
Corp Off: plot No:82, Abbuiu Heights, Door. No:1-80/40/SP/82,Silpa
GIN: L72900KA1980PLC080581
UNAUDITEDFINANCIALRESULTSFORTHEQUARTERENDED30th 2016

PART-1
Quarterendedon HalfYearended on Year Ended on
sR. Particulars 30.09.16| 30.06.16| 30.09.15 30.09.16 30.09.15 3 1. 0 3 . 1
NO. unaudited I Unaudited IUnaudited Unaudited I Unaudited Auditec

,| a) NetSales/ IncomefromOperations(ExcludingBranch
Transfer)(Netof ExciseDuty)
b) OtherOperatingIncome
Total Incomefrom operations(net) ',,1,'l
:l '*l:l 0.001
I

a.r;l
I
2 Expenses
a. Gostof MaterialConsumed
:l :l II
I
b. Purchaseof Stock-in-trade

',*l'*l ,l :l t,a;l
of finishedgoods,work-in-
c. Changesin inventories -l
progressandstock-in{rade
d. Employeebenefitsexpense
e. DepreciationandAmortisation expense
f. OtherExpenses 1.041 4.s;l 1e.7sl
Total Expenses 1.041 4.37|/ 11.41 19.?51

o
-
E

'
I

l
Profit, (Loss)from Operationsbeforeother income,
finanacecosts and exceptionalitems (t - 2)
l Income
Other
I lProfit
/ (Loss)from ordinaryactivities beforefinance
costs and exceptionalltems (3 t 4)
lFinance Costs
;l
::':l ,t.rll ,ffir]l
,rr.]l r3ill
,:,:,
|
(11.41)l

I
( 11.41) l
,''r.rr]l

' l
:;l
lprofit I (Loss)from ordinaryactivities after financecosts (r.04)l (3.34)l (4.341(11.4r;l
lOutUeforeexceptionalltems (5 t 6) -l
' l ltems- Expenditure
/ (lncome)
'
lExceptional
llProfit/ (Loss)from OrdinaryActivities beforetax (7 I 8) ,"r,.i]
(,r.04)l(3.34)l (4.37)l ,',r.ru,
1 0 lTax Expense
11
12
Profit / (Loss)from OrdinaryActivitiesafter tax (9 i

items(Netof Tax expenseRs.NiD

,':.,1
,':.,1 (1.04;
I
(4.37)l ( 1 1 . 4 1 ) (19.75;

;;l;l
t3 Profit / (Loss)for the period(11t 12) (1.04; (4.37; (11.41; (19.75;
14 of profit/ (loss)of associates
15 interest :
Net Profit / (Loss)aftertaxes,minority interestand share (1.04) (4.37) (11.411 (1s.7s)
t6
of profit / (loss) of associates(13 + 14 + 15)
1 7 Paid-upEquityShareCapital(FaceValueRs. 10/-each) 358.48 358.48 358.48 358.48

Reservesas per Balance

ReservesExcludingRevaluation (584.58)
18
Sheetof previousaccounting
year
Eaming Per Share(beforeextraordinaryitems - not
19.i
? 10/-each)
Basic (0.11) (0.18)l (0.37) (0.37) (0.37) (0.8s)
Diluted (0.11) (0.18) (0.37) (0.37) (0.37) (0.8e)
EarningPer Share(afterextraordinaryitems - not
19.ii |
annualised)
(of(10/-each)
(a) Basic (0.11)
I
(0.18)l (0.37) (0.37)l (0.37) (0.8e)
Diluted (0.11) (0.18)
| (0.37) (0.37)l (0.37) (0.8e)
 PART -
A PARTICULARSOF SHAREHOLDING
1 PublicShareHolding
- Numberof Shares 2,021,078 2,021,078 2,021,078 2,021,078 2,02',t,078 2,021,078
- Percentageof Shareholding s6.38% 56.38% 56.38% 56.38% 56.38% 56.38%

2 Promoterand PromoterGroupShareholding
a) Pledqed/ Encumbered
- Numberof Shares NIL NIL NIL NIL NIL NIL
- Percentage (asa % of thetotal
of Shareholding
NIL NIL NIL NIL NIL NIL
shareholdingof promoterandpromoter group)
- PercentageofShares(asa % oftotalsharecapitalof
NIL NIL NIL NIL NIL NIL
theCompany)
b) Non- Pledoed/ Encumbered
- Numberof Shares 1,563,722 1,563,722 1,563,7221,563,722 1,563,722 1,563,722
- Percentageof Shares(asa % of totalshareholding
of
100.00% 1 0 0 . 0 0 % 100.00% 1 0 0 . 0 0 % 100.00% 100.00%
promoter andpromoters group)
- PercentageofShares(asa % oftotalsharecapitalof
43.620/o 43.62% 43.62o/a 43.620/o 43.620/o 43.62Yc
theCompany)

PARTICULARS ,lONTHSENDED30.09.2

B NVESTORCOMPLAINTS

1 PENDINGAT THE BEGINNINGOF THE QUARTER NIL

2 RECEIVEDDURINGTHE QUARTER NIL
3 DISPOSEDOF DURINGTHE OUARTER NIL
4 REMAININGUNRESOLVEDAT THE END OF THE QUARTI: R NIL

MTPCOSEAMLESSRrNGS(GUJARAT)LTMTTED

ttatement of Assets andLiabilities As on As on

tarticulars 30.09.20163 1 . 0 3 . 2 0 1 6
[Jnaudited Audited

A EQUITYAND LIABILITIES
1 Shareholders'funds
(a)Sharecapital 558.49 558.49
(b) Reserves
andsurplus (588.e5) (584.58)
(c)Moneyreceivedagainstsharewarrants
Sub-total- Shareholders'
funds (30.46 (26.09

2 Shareapplicationmoneypendingallotment

3 Non-currentliabilities
(a)Long{ermborrowings
(b)Deferred (net)
taxliabilities
(c)Otherlong{ermliabilities
(d) Long-termprovisions
Sub-total- Non-currentliabilities
4 Currentliabilities
(a)Short{ermborrowings 55.22
(b)Tradepayables
(c)Othercurrentliabilities 8.9S 6.15
(d)Short-tenqprovisions
Sub-total- Currentliabilities 65.95 61.37

TOTAL- EQUIryANDLIABILITIES 35.50 35.29

rA 11
,'?( l r,'*t'-'-
/^/ n
B ASSETS
1 Non+urrentassets
(a) Fixedassets
(b) Non-cunentinvestments
(c) Defenedtax assets(net)
(d) Long-termloansandadvances 0.31 0.31
(e) Othernon-cunentassets 16.41 16.4'l
Sub-total- Non.currentassets 16-72 16-72
2 Currentassets
(a) Cunentinvestments
(b) Inventories
(c) Tradereceivables 16.35 16.35
(d) Cashandcashequivalents 0.53 0.32
(e) Short-termloansandadvances
(Dother cunentassets 1.90 1.90
Sub-total- Gurrentassets 18.78 1a_57

TOTAL- ASSETS 35.50 35.29

The aboveresultswerereviwedby theAuditCommitteeand approvedin the meetingof the Boardof Directorsof the
1.
Company heldon 11thNov,2016
2. The figureshavebeenregrouped/rearranged wherevernecessaryto confirmto the period,
endedresults
3. Statusof investo/scomplaints: Pendingat the beginning
of the -NlL,
quarter Complaints duringtheyearand
received
disposed off duringthequarter-NlL,Pendingat theendof thequarter-NlL

Contingent
liabili$comprising preference
of cumulative dividendandtaxthereonhasbeenconsidered
for calculating
of EpS
Thecompany's as goingconcernis dependent
abilityto continue uponrestructuring
and/orevolvingnewbusiness
strategies
andfinancial
viabilities

Sincetherewereno operations
duringtheyearthedisclosure as perAS '17is notapplicable
of segmentinformation

By Orderof the Board

ForMIPCOSEAMLEpARINGS LTD
IGUJARAT)
Date:'l1thNovember,
20'16
Place:HYDEMBAD
sANJ,vffirZ@
(DlN:02579261
DIRECTOR )