Gokul Refoils & Solvent Ltd. Corporate Office : . “Gokul House", 43 Shreemali Co-op. Housing Society Ltd. Opp. Shikhar Building, Navrangpura, Ahmedabad-380 009. Gujarat (India) Ph. : +91-79-66304555, 66615253/54/55 G 0 K U L Fax : +91-79-66304543 Email : [email protected]CIN : L15142GJ1992PLC018745 February 12, 2020 To, To, Dept. of Corporate Services, National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, 25" F loor, Phiroze Jeejeebhoy Tower, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai — 400 001 Bandra (E) Mumbai - 400 051 Scrip Code: 532980 Company Symbol: GOKUL Dear Sir/ Madam, Sub: Outcome of Board Meeting held today Start Time: 02:30 P.M Conclusion Time: 04.00 P.M In compliance to the provisions of SEBI (LODR) Regulations 2015, we have to inform you that the Board of Directors of the company at their meeting held on Wednesday, February 12, 2020 have considered and approved Unaudited Financial Results(Standalone and consolidated) for the quarter and nine months ended 31.12.2019 (Q3). The copy of the said result along with Limited Review Report submitted by the Statutory Auditors of the Company are enclosed herewith. You are requested to take the above on record. Thanking you, Yours truly, For, Gokul Refoils & Solvent Limited ( Abhinav Mathur Company Secretary & Compliance Officer Regd. Office & Works : State Highway No-41, Nr. Sujanpur Patia, Sidhpur-384 151. Dist. Patan, Gujarat (india) Phone : +91-2767-222075, 220975 Fax : +91-2767-223475 E-mail : [email protected]Haldia Refinary Unit : J.L.N. 149, Plot No. Near Essar Petrol Pump, HPL Link Road, P. O. Debhog City Centre, P.S. Bhabanipur, Haldia Purba - Medanipur - 721657 (West Bengal) Phone : 03224 252839
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Gokul Refoils & Solvent Ltd. · Gokul Refoils & Solvent Ltd, Corporate Office : “Gokul House”, 43 Shreemali Co-op. i i Opp. Shikhar Building, Navrangpura, Housing Society Ld Ahmedabad-380
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To, To, Dept. of Corporate Services, National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, 25" F loor, Phiroze Jeejeebhoy Tower, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai — 400 001 Bandra (E) Mumbai - 400 051 Scrip Code: 532980 Company Symbol: GOKUL
Dear Sir/ Madam,
Sub: Outcome of Board Meeting held today
Start Time: 02:30 P.M Conclusion Time: 04.00 P.M
In compliance to the provisions of SEBI (LODR) Regulations 2015, we have to inform you that the Board of Directors of the company at their meeting held on Wednesday, February 12, 2020 have considered and approved Unaudited Financial Results(Standalone and consolidated) for the quarter and nine months ended 31.12.2019 (Q3).
The copy of the said result along with Limited Review Report submitted by the Statutory Auditors of the Company are enclosed herewith.
You are requested to take the above on record.
Thanking you, Yours truly,
For, Gokul Refoils & Solvent Limited
( Abhinav Mathur Company Secretary & Compliance Officer
Regd. Office & Works : State Highway No-41, Nr. Sujanpur Patia, Sidhpur-384 151. Dist. Patan, Gujarat (india) Phone : +91-2767-222075, 220975 Fax : +91-2767-223475 E-mail : [email protected]
Haldia Refinary Unit : J.L.N. 149, Plot No. Near Essar Petrol Pump, HPL Link Road, P. O. Debhog City Centre, P.S. Bhabanipur, Haldia Purba - Medanipur - 721657 (West Bengal) Phone : 03224 252839
M. M. THAKKAR & CO. CHARTERED ACCOUNTANTS
1, Galaxy Commercial Centre, Ist Floor, Jawahar Road, Rajkot- 360001. Phones: (0281) 2224290 ¢ e-mail: [email protected]
Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To,
The Board of Directors,
Gokul Refoils & Solvent Limited
We have reviewed the accompanying statement of standalone unaudited financial results of GOKUL REFOILS & SOLVENT LIMITED (The Company) for the quarter ended 31" December, 2019 and year to date results for the period from April 01, 2019 to December 31, 2019 (“The Statement”) attached herewith, being submitted by the Company pursuant to the requirements of regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, read with SEBI Circular No. CIRJCFD/CMDI/44/2019 dated March 29, 2019 (‘the Circular’).
The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act. 2013, as amended, read with relevant rules issued there under and
other accounting principles generally accepted in India, read with the Circular is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our
responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410 “Review of Interim Financial Information Performed by the Independent 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 financial statements are 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.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of standalone unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
7 The above financial results have been reviewed and recommended by the audit commitee and have been approved and taken on record by the Board of Directors at the meeting held on
February 32, 2020. The statutory auditors have expressed an unqualified opinion.
2 The above financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2033 read with Rule 3 of the the
Companies {indian Accounting Standards) Rule 2015 and the Companies (Indian Accounting Standards) ‘Amendment Rule 2016.
3 The limited review as required under Regulation 33 of the SEB! (Listing Obligation and Disclosure Requirements] Regulation 2045 have been compieted by the Auditors of the Company.
4 Effective April 02, 2019, the Company has adopted modified retrospective approch as per para CBC} of Ind AS 116 -Leases to its leases, using cumulative effect method, The adoption of the
standard did not have any material impact on these financial results.
5 Tax expenses for the quarter and nine months ended 31st December, 2019 reflect changes made wide taxation loss amendment ordinance 2019 as applicable to company.
6 The Company is primarily engagend in the Business of Agro Based Commodity which constitute, a single reportable Segment in accordance with ind AS 108 - “ Segment Reporting". Ouring the
quarter ended 3ist December,2019 company has started new line of business as manpower service provider, The turnover/profit/Assets from the same segment is fess than the quantitative
threshoids fimit as per ind AS 408 - " Segment Reporting”. Hence segment reporting js nul given.
7 ‘The standalone figures of the quarter ended 3ist December, 2019 are the balancing figures between the unaudited figures in respect of the nine months ended 31st December 2019 and the
unaudited figures upto six months ended 30th September, 2019 which were subjected to Limited review.
8 Previous year/quarter figures are regrouped and rearranged wherever necessary. For Gokul Refolls & Solvent Limited
py Gp pe 0 HT A
Place: Ahmedabad on Balvantsinh C. Rajput
Date: 12/02/2020 o. Chairman & Managing Director
ts
Regd, Office & Works : State Highway No-41, Nr. Suj ia, Si is ‘ : » Nr. Sujanpur Patia, Sidhpur-384 151. Dist. Pat i i Phone : +94-2767-222075, 220975 Fax ; +91-2767-223475 E-mait : irsidyoltifyecr oor (ne)
Haldia Refinary Unit : J.L.N. 149, Plot No. Near Essar Petr it JLLN. 149, . ol Pump, HPL Link Read, P.O. Debhog Ci
P.S. Bhabanipur, Haldia Purba - Medanipur - 721657 (West Bengal) Phone : 03224 mae cent,
Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To,
The Board of Directors, Gokul Refoils & Solvent Limited
1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Gokul Refoils and Solvent Ltd (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together
referred to as “the Group”), and its share of the net profit/(loss) after tax and total comprehensive income
/ loss of its associate for the quarter ended 31* December, 2019 and for the period from April 01, 2019 to
December 31, 2019 (“the Statement”), being submitted by the Parent pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended
December 31, 2018 and corresponding period from April 01, 2018 to December 31, 2018 as reported in
these unaudited consolidated financial results have been approved by the Parent’s Board of Directors, but
have not been subjected to review.
2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent’s
Board of Directors, has been prepared in accordance with the recognition and measurement principles laid
down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under
Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our
responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the
Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope than
an audit conducted in accordance with Standards on Auditing and consequently does not enable us to
obtain assurance that we would become aware of all significant matters that might be identified in an
audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33
(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the
Notes 2 The above financial results have been reviewed and recommended by the audit commitee and have been approved and taken on recard by the Board of Directors of the parent company at
the meeting held on February 12, 2020. the Statutory auditors have expressed an unqualified opinion. The above results has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2016 {ind AS} as amended, prescribed under Section 133 of the Companies Act,
2013 and other recognised accounting practices and policies to the extent applicable. The Group has adopted ind AS - 216 - Leases to its leases effective from 1st Apri, 2029 modified retrospective approch, This has not resulted into any material impact on the fnanctat. ia the statement of Profit and Loss for the current period - lease ‘expenses has changed fram rent to depreciation / amortisation cost, This has no effect on net pofit after tax. the etfect for the Current period 31st December, 2019 is as follows:
Quarter ended [ Changes due to JQuarter ended] Smonths ended | “changes dueto 19 months anded
Description of expense 31st Dec, 2019 ind AS 136 [31st Dec, 2019/3151 Dec, 2019 ind AS 236, 31st Dec, 2019 as| somparablebasis |_increase/ lasreported _ |comparable basis increase/ _|reported
Other expenses Qnctuding Rent) 1,586.06 {5,58}; 3,580.48 4,955.68 (28.74) 4,938.94
Depreciation and amortization Expenses 133.77 S58 139.35 395.04 16,74 411,79
Profit before tax 633.93 | = 633.91 3,620.36 < 3,620.36
The Group is primarily engagend in the Business of Agro Based Commodity which constitute, @ single reportable Segmeut in accordance with ind AS 208 -“ Segment Reporting" S These unaudited consolidated financial results for the Garter ended 31st December, 2029, and 31st December, 2018, have been prepared in accordance with Ind-AS 110 "Consolidated
Financial Statement and ind -AS 28“ investment in Associates and Joint Ventures. a ‘The Consolidated figures of the quarter ended 3ist December, 2019 are the balancing figures between the unaudited figures in respect of the nine months ended 31st December, 2019 and the unaudited figures upto six months ended 30th September, 2039 which were subjected to Limited review.
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8 The figures for the Previous period hav been re-grouped / re-classified to confirm to the figures of the current period,
For Gokul Refoils & Solvent Limited a ae Place: Ahmedabad ae vantsinh C, Rajput
Date: 22/02/2020
Chairman & jing Director
it i ia, Sit rm 51. Dist. Patan, Gujarat (India) : State Highway No-41, Nr. Sujanpur Patia, Sidhpur-384 1 Read. balcbebalph etme i 220975 Fax : +91-2767-223475 E-mail : [email protected]
L Link Road, P. O. Debhag City Centre, i it : J.L.N. 149, Plot No. Near Essar Petrol Pump, HPI f