Web-Ito HOWARD · 911.32 911.32 911.32 1R5. 10 each): (a) Basic 0.72 .62 0.50 fitnwgd _ 0.72) (0.62) ___ 0.50 1. The above financial results were reviewed by the Audit Committee of

Tll : +91-552-404-8600+91-562-404-3666le :/ Email :lnlofihowardhotelllldsom

Web-Ito :www.howardhotollltd.com

HOWARD HOTELS LIMITED

August 14, 2018

To,, Dept. of Corporate Servlces,1 Bombay Stock Exchange lelted

25th Floor, Phlroze Jeejeebhoy Towers,Dalal Street,MumbaI-400001

'o B a i

Scrig Code: 526761

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this ls to Inform that the

Board of Directors of the Company In Its meeting of S.No. 6/2018-19 held on Tuesday,

August 14, 2018 at the Corporate Office of the Company has considered and approved

the following:

1. Un-audlted standalone Financial Results for the quarter ended June 30, 2018;

l 2. Limited Review Report for the quarter ended June 30, 2018;

The meeting of Board of Directors commenced at 4:00 p.m. and concluded at 4:35 p.m.

Kindly take the above on record.

Thanking You,

Yours Faithfully,For Howard Hotels Limited

MW[Ekta Jain]Company Secretary

Corporltl Ofllco : HOTEL HOWARD PLAZA. THE FERN Fatemibad Road Agra - 282001 (U P) INDIA CIN'

L74699V“

. . .. .

. . DLISBSPLCOGBGZ ‘r

Roglllerud Office: 20, Maurya Complex. 525. Subhash Chowk. Laxmi Nagar. New Delhi-110092

2

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RC. BINDAL & C0. 10L Sim Ram Mansion. 718/21,.Ioshi Road.

Chartered Accountants Karol Bagh. New Delhi»l 10 005

T 23549822 / 23 Fax : 23623829

e-mail : [email protected]

Limited Review Report on Financial Results for the

Quarter Ended 30/06/2018

To the Board of Directors

HOWARD HOTELS LIMITED

1. We have reviewed the accompanying statement of unaudited financial results of Howard

Hotels Limited (“the Company"), for the quarter ended 30”I June 2018 (“the Statement”),

being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No.

CIR/CFD/ FAC/62/ 2016 dated 5th July, 2016.

2. This Statement which is the responsibility of the Company’s Management and approved by the

Board of Directors, has been prepared in accordance with the recognition and measurement

principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“IndAS 34"), prescribed under 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 the Statement based on our review.

3. 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 planand 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 Companypersonnel 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.

4. Based on our review conducted as stated above, nothing has come to our attention that

causes us to believe that the accompanying statement of unaudited financial results preparedin accordance with applicable Indian Accounting Standards prescribed under Section 133 of

the Companies Act, 2013 read with rules issued thereunder and other recognized accountingpractices and policies have not disclosed the information required to be disclosed in terms of

Regulation 33 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/ FAC/62/

2016 dated 5th July, 2016, including the manner in which it is to be disclosed, or that it

contains any material misstatement.

(Partner)M. No. 088638

Place: A ra

Date: 14"

August, 2018

*—

I

V

”x; Earnings Per Equity Share (Face Value

Notes:

F

VIII Tax Expense :

(a) Current Tax

(bJDeierred Tax -15

A; Earlier Tax 1.01

, “£1 Tax 5.1905!' "1

HOWARD HOTELS LIMITED

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271.96

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II :other "a... 2.76

III Toutm (NI) 109.20 171.39 “7.74 952.12

IV bonus:-

Cast oi Muted-ls comm 23.37 33.4! 43.60 149.44

MM! 01 stock In trade

Changes In Invenwies of finished

goods. Mn~mres and stock-1w

trade

Envoy!!! benefits expense 58.93 68.44

Finance Costs 1.10 4.48

Depreciation and amortisation expense 11.95 17.67

Other expenses 151.14 104.10L. g?

TotalW

‘m berm Exceptional Items and

(Tax (III-IV)

254.50 220.17

v (65.30) (56.7!)

VI Excepu'mal Items

VII 1mm berm Tax (V-Vl) (65.30) (50.75)

IX Profit/I Loss) after Tax (Vii-VIII) (65.30) (56.70) 45.42

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46th" Grimm Income (Net of

Tax)

Total Comprehensive Income

(Comprising Profit] (Loss) and other

‘Comprehensive Income (Net of Tax»

X (19.15)

XI (55.30) (56.78) 26.27

XIIPaid Up Equity Share Capital (Face

7 yalue Rs. 10 each)911.32911.32 911.32

1R5. 10 each):

(a) Basic 0.72 .62 0.50

fitnwgd _

0.72) (0.62)___

0.50

1. The above financial results were reviewed by the Audit Committee of the Board and subsequently approved by

[CJIrectorsat its meetings held on 14th August, 2018. The results have been reviewed by the Statutory MM fl

ornpany.'

2. The Financial Results have been prepared in accordance with the recognition and measurement principles laid

applrcable Indian Accounting Standard (Ind A5) prescribed under Section 133 of the Companies Act, 2013. read withrules there under in terms 01 Regulation 33 01 SE01 (Listlnl and Disclosure Requirements) Regulations .2015 Ind SEIINo. C1R/CFD/FAC/6Z/2016 dated July 5. 2016.

3. EIIectIve April I, 2018. the Company adopted Ind AS 115 “Revenue from Contracts with CuStomers" using thecatch-up transition method which is applied to contracts that were not completed as of April 1, 2010.comparatives have not been retrospectively adjusted. The effect on adoption of Ind AS 115 was InsignIficant.

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4.The Government of india introduced the Goods and Services T

.

ax (GST) with effect from ist Jul 2017. cemequenllv mm“!

from Operationsfor the quarter ended 30th June 2018 and 31st March 2013 is net oi GST.

y

r revenue for another

periods presented is inclusive of excise d uty, where applicable.5. Figures relating to previous quarterl period have beenfound I turn whenever necessa to make them

comparable with those of current quarter /period. ”Im

N6. Disclosure of segment-wise inionnation is not applicable. as hoteliering is the Company's only business We“!-

7. In accordance with the requiremenh under Regulation 33 of theRegulations, 2015, the Statutory Auditors haveended 30th June, 2018.The

SEBI (Listing Obiintiom and Disc!”donned a limited revire are no qualiiicosure Requirements)ew of the above financial result: for the quarter

atlons in the limited Mew rem issued tor said period

Place: AgraDate: 1 4th August, 1010

—-——_J'

Nirvikar Nalh Mlttnl

(Whole Time Director)DIN- 00536470

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4 Net Profit «in; tor the period after tax(65-30) 7

‘57-‘79» ,

Total Comprehensive income tor the period

5 [wrists profit/(toss) for the period (after (65.30)

tux) and Other comprehensive Income (after mo]

6 Equity Share capital (Paid Up)911.32

Reserves (excluding Revaluation Reserve as

7. shown in the Audited Balance Sheet of previewNA

year)

8Earnings Per Share (of Rs. 10/- eachmor

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continued and discontinued operations)

a) Basic :(0.72)

b) Diluted:(0.72)

Tire above is an exml ofthe deuiled form-I of Quarterly Financial results filed with Stock Erich-up will”

(Listing Ind mher disclosure Requirements) Regulnians 1015. The full funnel oflhe Quarterly Financial relulu In

website i,e. www.howudhotelslld.com end on the stock «charge website ire. www.bseindi;cotn.

(b) The above financial results were reviewed by the Audit Commimee cl'rlte Board and subsequetnly Ipprvwd by [he'

"

meeu‘ngs held on 14th August. 2018. The results luv: been reviewed by the Stnlulory Auditor: oflhe Company.

Forandon behelteflhe Muff?

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Place: Agra

Date: 14th August 1018

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