Veto Switchgears and Cables Limited CaN No, L2LA0TM2007°LCI7Ie44 Ny ‘Rega. Off: 506, Sth loar, Plot No. 8-9, Landmark Building, New Link Raad, Andheri (West), Mumbai 400 058, ‘Tel: No: +91072-40229001, Email: info@vetoswitchgears com Website wor vetoswitchgearscom ‘Standalone Unaudited Financial Results forthe Quarter Ended December 31st, 2015 Part sn Las) ‘Sandatons: raricalars ‘Guarier | —Quarier | Nine Months | Year fnded | ended | ended | ended 112.2015 | 30.09.2015 | 31.12.2015 | 31.03.2015 [UNAUDITED] UNAUDITED | UNAUDITED | - AUDITED. T [Income rom operations (a) Netsaes/income from operations zoos} 2ai287| 70008] 970262 (other operating income 439 632 veo} 2760, [Total income from operations (net) Zoiass| —zaiv.19| —7eizes| —a7s0z2 7 Expenses a) Cost of materials consumed 103860] 143216 455031 () Purchases of stock-in-trade 4515] 690.64 229003 fe) Changes in inventories of finished goods andstockin-trade 1379] 34530] (9849) Cd) Employee benefits expense w7ss2 | “Te646 599.61 fe) Depreciation and amortisation expense 5150 50.96 4957] 20137 I ouber expenses sers7| 37029 | 192580] 1.16230 foul expenses Zavost|— 3521] —es9046| Barz F |Prott / (Loss) fram operations before other ‘ivar] #3399] 12238] 131709 jincome, finance costs and exceptional items (1-2) 4 other income a7 4a roa] sae 5 [Prone (Loss) trom ordinary activities before a2669| 43842] 13947] 137073 |nnance costs and exceptional items (3 «/-#) 6 [Rinance costs 10280] 11030 s2i7e) 39517 7 [Prone / (Loss rom ordinary activities after, s23a9| 32613] 81768] 975.56 Iinance costs but before exceptional items Is+/-6) 8 [Exceptional items (Refer notene.3) san03 2x03 z 9 [Pront / (Loss) trom ordinary activities 714] szaaa| 39686) 9756 lbefore tax (7 +/-8) 120 fTaxexpense (Refer noten0.5) qua} svar xzoaz] 26108 11 JNet Prom / (Loss from ordinary activities (6oon] 241.06] 26754) T1455, later tax (9/10) 42 [Bstraordinary items rs 3 13 |Net Profit / (Loss forthe period (41 +/-12) (6601) 24106] 26754) 71455 14 [hare of profit / (oss) ofassociates 45 JMinorty interest : - r 46 JNet Profit / (Loss) after taxes, minority (eon) 24106] 26754] 71455 limterestand share of profit / (oss) of lasociates (13 + 14 +15) 17 Patd-up equity share capital eT) __1asa7i] Tawar | — Tas Face Value Rs 10/- per share) 18 fReserve excluding Revaluation Reserves as | sasaee per balance sheet of previous accounting year 194) Earnings per share (before extraordinary ems)(not annualised) a Basie 04) 1.39 1.46 389 i) Diated 047] 132 146| 309 19} Earnings per share (after extraordinary Inems)(not annualised) a) Base oa 132 146| 390] [) Ditatea a7 139 146| 399 See accompanying note tothe financial results Notes: 1 The above results were reviewed by the Audit Committe and approved by the Board of Directors at their respective meetings held on fanuary 16,2016, The Auditors ofthe Company have carried out Limited Review ofthe above financial resus. 2 The equity shares ofthe Company has been migrated from NSE SME Platform o Main Board of NSE wie. Api 29,2015. Hence the figures forthe corresponding quater and nine months ended on December 31,2014 has nct been furnished. 3 During the quarter the Company has received Rs. 1119.23 lakhs towards full and final setlement for fre insurance claim lodged with the Insurance Company during the financial year 2014-15. The shor receipt of Rs. 421.03 lakhs, net of calm recevableand ‘aims payable t lessor, hasbeen reflected a5 an exceptional emVeto Switehgears and Cables Limited CIN No.: L31401MH2O07PLCL7IO44 Regu. Of 506, Sth Noor, Plot No. 8-9, Lancimark Building, New Link Road, Ander (Wes), Mumba 400058, Tel: No: +91022-40229003, Ema info@vetoswitchgearscomWebsitewwww.vetoswitchgearscom ‘Standalone Unaudited Rnancal Results for the Quarter Ended December 31st,2015, During the quarter, a newly wholly owned subsidiary Company with total vestments of Rs. 1005.05 lakhs (including loan amounting to Rs. 823.85 lakhs) has been incorporated in Ajman (Ajman Free Zone), UAE for trading of ll electrical items under ‘VETO Brand withthe ame "Veto Oversea Private ‘Tax expenses includes Current Tax Deferred Tax and MAT Credit (Entitlement) / Uslised if any ‘The above fnancal statements complies withthe applicable Accounting Standards as speclied under section 133 of the Companies Act, 2013 read with Rule 7 of Companies (Aeounts) Rules, 2014 “The Board of Directors ats meeting held on fanwary 18,2016, has decared an interim dividend of Rs, 050/- per equity share. “The Company is mainly engaged inthe busines of manufacturing and trading of Wires Cables & Electrical Accessoriesand there Iso other reportable business segment as per Accounting Standard (AS-17}. Figures of the previous period have been recassiied/ regrouped wherever necessary. Place: Jaipur Date: 18th January, 2016 Corp.0ft:230, Sinai Calon, Raj Park Japur-302004 (Rajasthan) Tel: 0141-4100410-44, Fax No 4100415-25, Factory: Plot No: 65-67 874-77 Sector-,E, Side Ranipur, Haridwar-249403j. ate ee - a~ SGCO&Co, Chartered Accountants The Board of Directors ‘Veto Switchgears and Cables Limited We have reviewed the statement of unaudited financial results (Ihe "Statement’) of Veto ‘Switchgears and Cables Limited (the "Company’), for the quarter ended on December 31, 2016. The Statement has been prepared by the Company pursuant to Regulation 23 of the SEBI (isting Obligations. and Disclosure Requirements) Regulations, 2016 (the “Listing Regulation, 2016"). This Statement is the responsibilty of the Company's management and hhas been approved by the board of Directors. Our responsibilty is to issue a report on the ‘Statement 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 ofthe Enliy" issued by the Institut of Chartered Accountants of India. This Standard requires that we plan and perform the review to oblain moderate assurance as to whether the financial statements ae fee of material misstatement. ‘A reviow is limited primarily to inquiries of company personnel and analytical procedure 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, 1. Based on our review conducted as above, nothing has come to our attention that causes us fo believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognized accounting practices and poicies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in hich itis to be disclosed, or that it contains any material misstatement. For $GC.08 Co. Chartered Accountants Firm Reg. No :112084W wf ‘Shyamratan Singrodia Partner Place: Mumbai ‘Mem No.: 49008 Date: 18% January, 2016 4A, Kaledonis-HOIL, Tol: +91 22 6625 6363, Floor, Sahar Road, | Fax: +91 22 6625 6364 ‘Near Andheri Station,” | E-mail info@sgoo.co.in ‘Andheri (East), ‘wwwsgco.co.in ‘Mumbai - 400 068. India Mumbai ® Vadodara