. MANAKSIA S T EELS LIMITED Regd Office : Bikaner Building , 3rd Floor, 8/1, Lal Bazar Street, Kolkata - 700 001 Corporate Identity Number : L27101WB2001PLC138341 Phone : +91-33-2231 0050/51/52, Fax 2 +91-33-2230 0336 Sec/Steel/213 Date: 10.11.2018 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-l, Block “G” Rotunda Building, 5‘h floor, Bandra Kurla Complex, PI Tower, Dalal Street, Bandra East, Mumbai— 400001 Mumbai- 400051 Scrip Code: 539044 Symbol: MANAKSTEEL Dear Sir/Madam, Sub: Outcome of Board Meeting dated 10.11.2018 Please note that the Board of Directors of the Company at its meeting held today, which commenced at 12.30 PM. and concluded at 1.30 PM, has inter alia transacted the following business(es): (a) Approved the Un-Audited Financial Results (both Standalone and Consolidated) of the Company for the quarter / half year ended 30'h September, 2018. A copy of the Financial Results (both Standalone and Consolidated) of the Company for the quarter / half year ended on 30‘h September, 2018 along with Limited Review Report for the quarter / half year ended 30'h September, 2018. (Enclosed) This may be treated as compliance with Regulation 30 and other relevant Regulations of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015. Thanking you, Yours faithfully, For Manaksia Steels Limited Ajay Sharma (Company Secretary) Encl: As above
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. MANAKSIA STEELS LIMITED
Regd Office : Bikaner Building , 3rd Floor, 8/1, Lal Bazar Street, Kolkata - 700 001
TO THE BOARD OF DIRECTORS OF MANAKSIA STEELS LIMITED
We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Manaksia
Steels Limited (“the Company”), for the quarter and half year ended 30‘h September, 2018, beingsubmitted by the Company pursuant to requirement of Regulation 33 of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016
dated 5th July, 2016.
This statement is the responsibility of the company’s management and approved by the Board of
Directors which has been prepared in accordance with the recognition & measurement principles laid
down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribedunder 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 these
financial 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 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 provide 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 Unaudited Standalone Financial Results prepared in accordance with
applicable Indian Accounting Standards as specified under section 133 of the Companies Act, 2013,
read with rule 7 of the Companies (Account) Rules, 2014 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, read with Circular No.
CIR/CFD/FAC/62/2016 dated 5th July 2016, including the manner in which in which it is to be
disclosed, or that it contains any material misstatement.
TO THE BOARD OF DIRECTORS OF MANAKSIA STEELS LIMITED
We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Manaksia SteelsLimited (“the Company”), for the quarter and half year ended 30'“ September, 2018, being submitted by the
Company pursuant to requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, read with SEBI Circular No. C1R/CFD/FAC/62/2016 dated 5th July, 2016.
This statement is the responsibility of the company’s management and approved by the Board of Directors whichhas been prepared in accordance with the recognition & measurement principles laid down in the Indian
Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the
Companies Act, 2013 read with relevant Rules issued thereunder and other accounting principles generallyaccepted in India. Our responsibility is to issue a report on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review ofInterim Financial Information performed by the Independent Auditor of the Entity” issued by the Institute ofChartered Accountants of India. This standard requires that we plan and perform the review to obtain moderateassurance as to whether the financial statements are free of material misstatement. A review is limited primarilyto inquiries of company personnel and analytical procedures applied to financial data and thus provide less
assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
We did not review the financial statements of subsidiaries whose financial results reflect total assets of Rs.
9128.18 lakhs as at 30'“ September 2018, total revenue of Rs. 301.8 lakhs and Rs. 582.8 lakhs and total profitbefore tax of Rs. 70.63 lakhs and Rs.140.10 lakhs for the quarter and half year ended 30'11 September 2018, as
considered in the financial results. These interim financial results and other financial information have not been
reviewed by their auditors and our opinion on the consolidated financial results, in so far it relates to the amounts
and disclosures included in respect of these subsidiaries, is based solely on such un-reviewed managementcertified financial results and other financial information.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
accompanying Statement of Unaudited Consolidated Financial Results prepared in accordance with applicableIndian Accounting Standards as specified under section 133 of the Companies Act, 2013, read with rule 7 of the
Companies (Account) Rules, 2014 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, read with Circular No. CIR/CFD/FAC/62/2016 dated 5‘h July 2016, includingthe manner in which in which it is to be disclosed, or that it contains any material misstatement.