II SHREE GANESHAY NAMAH 11 • SPECIALITY PAPERS LIMITED Manufacturers of Speciality Grade Papers CIN: L21012GJ1961PLC001073 Sales Office: 93, Dadiseth Agiary Lane, Kalbadevi, Mumbai - 400 002. T: +91 - 22 - 2209 4033/34, 6631 0061/62 F: +91 - 22 - 2205 3899 I W: .speciolitypapersltd.com I E: info@specialitypopersltd.com Date: 24 th May, 2019 To, Department of Corporate Services, BSE LIMITED P. J. Towers, Dalal Street, Mumbai - 400 001. Scrip Code: 502465 Dear Sir/ Madam, Sub: -Outcome Of Board Meeting Held On Friday, 24 th May, 2019 at 2:00 P.M. With reference to the above mentioned subject we would like to inform you that the meeting of the board of directors of Speciality Papers Ltd was held on Friday, 24th May, 2019 at our registered office situated at No 8 National Highway Village Morai, Vapi, P O Box 7, Valsad - 396191. Gujarat. India, Meeting Commenced at 2:00 pm and concluded at 06: 30 pm among others the following business as specified below were transacted at the meeting:- The Board of Director duly Considered and approved the Audited Standalone financial results of the Company for the quarter and year Ended on 3 p t March, 2019 along with the Auditor report thereon. We hereby enclose the following documents: A. Standalone Financial Results for the Year ended 31st March, 2019. B. Statement of Assets and Liability C. Reports of the Auditor D. Declaration about unmodified opinion of Auditor on financial Results Kindly take the same on your records. Thanking You, Yours Truly, For, Speciality Papers Ltd- � N I�- 1� - ( -' 0) - \ - ( > / ' Mr. Nemchand Gala � . ( \ Managing Director �o- - DIN: 00193256 Factory Office : Morai Village, (Opp. Morai Railway Phatak), N. H. No. 8, Vapi, Dist. Valsad - 396101. Gujrat. T: 91 - 260 2437159 / 60 I E : [email protected]
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SPECIALITY PAPERS LIMITED · f‘\ Speciality Papers Limited CIN No: L2101ZGJ1961PLC001073 Statement of profit and loss for the year ended 31 March 2019 (Rs. in lakhs) Note Year ended
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II SHREE GANESHAY NAMAH 11
• SPECIALITY PAPERS LIMITEDManufacturers of Speciality Grade Papers
To, Department of Corporate Services, BSE LIMITED P. J. Towers, Dalal Street, Mumbai - 400 001.
Scrip Code: 502465
Dear Sir/ Madam,
Sub: -Outcome Of Board Meeting Held On Friday, 24th May, 2019 at 2:00 P.M.
With reference to the above mentioned subject we would like to inform you that the meeting of the board of directors of Speciality Papers Ltd was held on Friday, 24th May, 2019 at our registered office situated at No 8 National Highway Village Morai, Vapi, P O Box 7, Valsad - 396191. Gujarat. India, Meeting Commenced at 2:00 pm and concluded at 06: 30 pm among others the following business as specified below were transacted at the meeting:-
The Board of Director duly Considered and approved the Audited Standalone financial results of the Company for the quarter and year Ended on 3 pt March, 2019 along with the Auditor report thereon.
We hereby enclose the following documents:
A. Standalone Financial Results for the Year ended 31st March, 2019.B. Statement of Assets and LiabilityC. Reports of the AuditorD. Declaration about unmodified opinion of Auditor on financial Results
Kindly take the same on your records.
Thanking You, Yours Truly,
For, Speciality Papers Ltd-�
N IGf�-1� -.,;"" (-' 0) - \ -
(>
/. '/) Mr. Nemchand Gala� '-:. (\":Managing Director �o;;;- -DIN: 00193256
Factory Office : Morai Village, (Opp. Morai Railway Phatak), N. H. No. 8, Vapi, Dist. Valsad - 396101. Gujrat. T.: 91 - 260 2437159 / 60 I E : [email protected]
Assets
Non-current assets
Property, plant and equipment
(i) Tangible Assets
(ii) Intengible Assets
Financial assets
(i) Trade Receivables
(ii) Investments
(iii) Loans
(c) Other non current assets
(d) Deferred tax assets (Net)
Total non-current assets
(a)
Current assets
Inventories
Financial assets
(i) Trade Receivables
(ii) Cash and cash equivalents
(iii) Loans
(c) Other current assets
Total current assets
Total assets
Equity and Liabilities
Equity
(a) Equity share capital
(b) Other equity
Total equity
Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings
(a) Deferred tax liabilities (Net)
Total non-current assets
Current liabilities
(a) Financial liabilities
(i) Borrowings
(ii) Trade payables
(iii) Other financial liabilities
b) Short Term Provisions
Total current liabilities
Total equity and liabilities
Notes forming part of the financial statements
As per our report of even date
For Agarwal Sanganeria 8- Co
Chartered Accountants
Firm Registration Number 317224E
cube/b “t ‘0CA Hardik Jain
‘
Partner
Membership Number 162503
Date: 24.05.2019
Speciality Papers Limited
cm No : L210126J1961PL0001073
balance sheet as at 31 March 2019
Note
11
12
13
1-34
As at
31 March 2018
As at
31 March 2019
1.92 519.21
7,784.23 8,411.10
37.28 36.44
227.85 227.91
1,116.92 714.12
9,168.20 9,908.77
587.19 481.93
18.08 129.94
271.26 24.16
0.72 155.20
32.78 16.97
910.03 808.19
10,078.24 10,716.97
15.616.41 15.616.41
(5,784.51) (5,940.92)
9,831.90 9,675.49
— 41.69
57.36 58.55
2195 773.03
167.02 168.20
246.33 1,041.48
10,078.23 10,716.97
For and on behalf of the Board
Mil
/
Mr.Nemchand J.Gala
Managing Director
DIN ; 00193256
{flNIL
Company Secretan
rm ShahMr. Tanil Mafatlal Shah
Director
DIN 3 08147255
f‘\
Speciality Papers Limited
CIN No : L2101ZGJ1961PLC001073
Statement of profit and loss for the year ended 31 March 2019
(Rs. in lakhs)
NoteYear ended Year ended
31 March 2019 31 March 2018
income
Revenue from operations19 1,472.23 94.75
Other income20 243.42 292.62
Total income1,715.65 387.37
Expenses
Cost of sales and other operational expenses21 1,486.64 93.94
Employee Benefit Expenses22 5.47 0.11
Depreciation and Amortization Expenses4 6.93 8.85
Other expenses23 258.34 955.23
Total expenses1,757.37 1,058.12
Profit before tax(41.72) (670.75)
Less : Tax expense30
Current tax-
—
Deferred tax (350.10) (710.90)
Profit for the year308.39 40.15
Other comprehensive income
Other comprehensive income not to be reclassified to profit or loss in
subsequent periods:
— Net gain/ (loss) on fair value of equity instruments (204.69)-
- lncome Tax effect on above52.71
—
Other comprehensive income for the year, net of tax (151.98)-
Total comprehensive income for the year156.41 40.15
Earning per share on equity shares of Rs.10 each fully paid up 28
Basic and diluted0.20 0.03
Notes forming part of the financial statements 1 - 34
As per our report of even date
For Agarwal Sanganeria & Co For d on behalf of the Board
Chartered Accountants
Firm Registration Number 317224E
CA Hardik Jain
Partner
Membership Number 162503
Date: 24.05.2019
MMr.Nemchand J.Gala
Managing Director Company Secretary
DlN : 00193256in a V‘
/mNI L V ' ’ S
Mr. Tanil Mafatlal Shah
Director
DIN : 08147255
flgarwafSanganerz’a 62: Co.
Chartered Accountants
INDEPENDENT AUDITOR’S REPORT
To The Members of
SPECIALITY PAPERS LIMITED
Report on the Standalone Financial Statements
We have audited the accompanying standalone financial statements of SPECIALITY
PAPERS LIMITED (”the Company”), which comprise the Balance Sheet as at March 31,
2019, and the Statement of Profit and Loss (including Other Comprehensive Income),
the Statement of Changes in Equity and the Statement of Cash Flows for the year then
ended and a summary of the significant accounting policies and other explanatory
information.
Management’s Responsibility for the Standalone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5)
of the Companies Act, 2013 (“the Act”) with respect to the preparation of these
standalone financial statements that give a true and fair view of the financial position,
financial performance including other comprehensive income, cash flows and changes
in equity of the Company in accordance with the Indian Accounting Standards (Ind AS)
prescribed under section 133 of the Act read with the Companies (Indian Accounting
Standards) Rules, 2015, as amended, and other accounting principles generally accepted
in India
This responsibility also includes maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding the assets of the Company
and for preventing and detecting frauds and other irregularities; selection and
application of appropriate accounting policies; making judgments and estimates that
are reasonable and prudent; and design, implementation and maintenance of adequate
internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of
the standalone financial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these standalone financial statements
based on our audit. In conducting our audit, we have taken into account the provisions
of the Act, the accounting and auditing standards and matters which are required to be
included in the audit report under the provisions of the Act and the R 45% it 2: m: there
under and the Order issued under section 14301) of the Act.