'DEEPAK,4SPINNERS LIMITED - Deepak Spinners Ltd · DEEPAK SPINNERS LIMITED [email protected] I REF.NO/DSL/PA/2018 Dated: 13.08.2018 BSELIMITED 1STFLOOR, NEW TRADING RING, ROTUNDA

TM

DSL A Government Recognised Export HouseCorporate Identification No. : Ll7111 HP1982PLC0l6465

SCO 16,Sector 26 Madhya Marg,Chandigarh 160 019 IndiaPhone: +91 172 2790973/74 I Fax: +91 172 [email protected] I www.dsl-india.comDEEPAK SPINNERS LIMITED

REF.NO/DSL/PA/2018 Dated: 13.08.2018

BSE LIMITED1ST FLOOR, NEW TRADING RING,ROTUNDA BUILDING, P.J.TOWERS,DALAL STREET,MUMBAI- 400001

SUB: UN-AUDITED FINANCIAL RESULTSAND LIMITED REVIEW REPORT

Stock Code - 514030

Dear Sir,

Please find enclosed Statement of Un-audited Financial Results along with Limited Review

Report by the Statutory Auditors for the Quarter ended on 30.06.2018, which have been taken

on record by the Board of Directors in its meeting held at Kolkata today.

The meeting of the Board of Directors commenced at 12.30 P.m. and concluded at 2.00 p.m.

Thanking You,

Yours Faithfully,FOR DEEPAK SPINNERS LIMITED

',4(P NEETA ARORA)COMPANY SECRETARY

Encl : a/a

Registered Office & Works: Deepak Spinners Limited,121 Industrial Area,Baddl 173205 H.P.

DEEPAK SPINNERS LIMITEDRegd. Office: 121, Indl.Area, Baddi, Distt. Solan, H.P.-173205

CIN. L17111 HP1982PLC016465Phone No. 0172-2790973, 2790974; Email: [email protected]; Website: www.dsl-india.com

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED 30TH JUNE, 2018

Quarter ended Year ended30.06.2018 31.03.2018 30.06.2017 31.03.2018

Particulars AuditedUnaudited (Refer note Unaudited Audited

no. 41

1. Revenue From Operations 13,102 11,009 13,458 44,2352. Other Income 114 195 142 436

Total Income 13,216 11,204 13,600 44,671

3. Expenses(a) Cost of Materials Consumed 7,041 6,933 6,897 27,815(b) Changes in Inventories of Finished Goods, Work-inProgress and Waste 1,600 412 2,454 139(c) Employees Benefit Expenses 1,252 1,145 1,150 4,789(d) Finance Cost 331 306 347 1,353(e) Depreciation & Amortization Expenses 398 413 407 1,645(f) Other Expenses 2,214 1,976 2,194 8,262

Total expenses (a to f) 12,836 11,185 13,449 44,0034. Profit before Exceptional Items and Tax 380 19 151 6685. Exceptional Items (Net) - - - -6. Profit before Tax 380 19 151 6687. Tax expenses

- Current Tax 118 (145) 59 136- Deferred Tax (55) 178 (41) (39\

8. Net ProfiU(Loss) for the Period 317 (14) 133 5719. Other Comprehensive Income (OCI)

a. Items that will not be reclassified to profit or loss (net of tax) 3 39 (3) 3010. Other Comprehensive Income for the period 3 39 (3) 3011. Total Comprehensive Income - 320 25 130 60112. Paid up Equity Share Capital (face value of Rs. 10/-each) 720 720 720 72013. Other Equity 11,01014. Earning Per share- In Rs.Basic ( In Rs.)- Not annualized 4.40 (0.19) 1.85 7.93Diluted ( In Rs.)- Not annualized 4.40 (0.19) 1.85 7.93

(Rs. in Lakhs)

Notes:

1. The business activity of the Company falls within a single primary business segment viz 'Yarn' and hence there is no other reportablesegment as per Ind AS 108 'Operating Segments'.

2. After applicability of Goods and Service Tax (GST) w.eJ. July 1, 2017, sales are required to be disclosed net of GST. Accordingly, thefigures of revenue from operations for the quarter ended 30th June, 2018 are not comparable with the previous corresponding period.

3. Effective from April 01,2018 the Company has adopted Ind AS 115 "Revenue from contracts with Customers." The comparativeinformation is not restated. Application of this standard does not have significant impact on the revenue recognisition and measurement.

4. The figure for the previous periods have been regrouped! rearranged, wherever considered necessary, to conform current periodclassifications. The figures for the quarter ended March 31, 2018 are the balancing figures between audited figures for the full financialyear and the published year to date figures for the nine months ended December 31,2017.

5. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on13th Aug, 2018.

Date: 13.08.2018Place: Kolkata

For DEEPAK SPINNERS LIMITED

~~CHAIRMAN & MANAGING DIRECTOR

Jitendra K Agarwal & AssociatesChartered Accountants

Review Report on Quarterly and Year to Date Financial Results Pursuant to the Regulation33 of the SEBI (listing Obligations and Disclosure Requirements) Regulation 2015

To the Boardof Directors of DeepakSpinnerslimited

We have reviewed the accompanying statement of unaudited financial results("Statement") of Deepak Spinners limited (the Company") for the quarter ended 30th June,2018. This Statement is the responsibility of the Company's Management and has beenapproved by the Board of Directors. Our responsibility is to issue a report on thesefinancial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement(SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditorof the Entity issued by the Institute of Chartered Accountants of India. This standardrequires that we plan and perform the review to obtain moderate assurance as to whetherthe financial statements are free of material misstatement. A review is limited primarilyto inquiries of company personnel and analytical procedures applied to financial dataand thus provide less assurance than an audit. We have not performed an audit andaccordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention thatcauses us to believe that the accompanying statement of unaudited financial resultsprepared in accordance with applicable accounting standards and other recognizedaccounting practices and policies has not disclosed the information required to bedisclosed in terms of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 including the manner in which it is to be disclosed, orthat it contains any material misstatement.

Place: KolkataDate: 13th August, 2018

For Jitendra K Agarwal & AssociatesChartered Accountants

Firm Registration No. 318086E

Kuldeep MalooPartner

Membership No. 515708

209, Hans Bhawan 1. Bahadur Shah Zafar Marg, New Delhi- 110002EmaiIID:[email protected].: 9015157141. 9891751595

Office at Kolkata & Mumbai