HINDUSTAN COMPOSITES LTD.

Peninsula Business Park, Tower "A', 8th Floor,

Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.
Tel. : (91) (22) 6688 0100 . Fax : (91) (22) 6688 0105
E-mail : hcl@hindcompo.com

Website : wwwhindcompo.com
CIN No. L291 20MH19flPLC01 2955
Sth

\./

1oy'
fteManager (CRD)

May,2016

- Listing
HINDCOMPOS
Exchange of India Ltd
Na
za,5h Floor,'G' Block
Exchange
Bandra Kurla omplex,
Bandra (East), umbai - 400 051

The

gsg Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai - 400 001

SY

Dear Sir,

Scrip Code:50963554
Sub: Outcome of Board Meeting held on SthMay,2O16

pursuant to the provisions of Regulation 30 of the Securities Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regu1ations,2015, we wish to inform
you thit the Board of Directors of the Company at its meeting held today i.e. 5th May,20L6,
inter alia considered the following matters:

1.. Approved the Audited Financial

Results of the Company for the quarter and year

ended 31"tMarch,2016;

2.

Recommended the payment of dividend on Equity Shares @ Rs.1/- (One only) per
share i.e. 1,0% ofU:re paia up Equity Share Capital of Company for the year ended 31't
March, 2016, su,bje.ito upptoval of the shareholders in the ensuing Annual Cenerai
Meeting of the Cbmpany. The dividend if approved at the Annual General Meeting
of the computy, shall be paid/dispatched betweenlSth to 20th sePtember,20L6;

3.

Re-appointed Mr. P.K. Choudhary as Managing Director of the Company for

a period
of
approval
of three years from 1st July, 20L6 to 30fr June, 2019, stblect to the
shareholders in the Annual General Meeting of the Company'

A copy of the Audited Financial Results of the Company for the quarter and year ended
-A
31st March,20L6 along with Statement of Assets & Liabilities, Audit Report and Form
(for audit report on nn - modified opinion) are enclosed herewith for your records.
The meeting of the Board of Directors commenced at 4.30 p.m. and concluded at 7.00 p.m.

Kindly take the same on your record.

Thanking you,
Yours faithfully,
For Hindustan Composi

+. ,-_

Amit Goenka
VP-Finance&ComPanY
Encl:As stated above
Regional Sales Oflices
East:29, Ganesh ChandraAvenue, Bando House, Room No. 207,2ndFloor, Kolkata- 700 013
West:79, Crystal, lstFloor,

Dr.

AnnieBesantRoad,Worli, Mumbai-400 018

North:401,RohitHouse,3-TolstoyMarg,NewDelhi

Tel. :91-33-2287 0186

Fax: 0gg-2297 01g7

Iel.:91-22-2495 1355,3246 1514. Fax: 022-Z4gS1g65

-110001 .Iel.:91-11-3247 1516 123327110.Fu:011-2JJ24126

S0uth : 47, Moore Street, Perry's, George Town, Chennai - 600 001

Tel.

:91-44-2535 7976

3294

51

Fax

: 044-2SgS gB22

@nilPg

FIINDUSTAN COMPOSITES LIMITED

In

Regd.Office: A Tower,Sth Floor, Peninsula Business Parig

Senapati Bapat Marg,Lower Parel" Mumbai - 4OOO13

Co$pl. Ahrny$

Tel: 022-66880100, Fax:022-66880105

.,"^l'il":'$ffifilll.lffiti:1,,
Audited Financial Resutts for the year ended 31st March, }OLG
(RS. In LaCt

Sr.
No.

Three Months
Ended
31-Mar-i6

Particulars

,Auditedl
I

Total lncome
Expenses

c)

Employee benefits expense

d) Depreciation and amortization expense

e) OtherExpenses
e

Total Expenses
Profrt before Other Income and Finance Cost ({-2)

Other Income

11

12

Year

Year

Ended

Ended

31-Mar-15

31-Mar-16

3{-Mar-'15

{Auditedl

{Auditedl

{Auditedl

4,053

18,324

116

181

6.837

3.91{

4.062

18.40

r5.206

1,348
26
649

1,176

1,244

5,008

(1 5,

109
447

5,145
87
1,895
646
4.486
12,259
2.947

545

('t4)
2,260

149

653

13

5 000

3,1 10

3;128

801
10

934
943

811
o

2.210

805

324
1.886

666

940
136
804

13.816
4.624
49
4,673
22
4.651

492

492

492

492

492

58,280
79.44

54,428

16.33

172

169

2.437

1.235

1.1

4,632
2.205
2.216

Finance Costs
Profit before Tax (5-6)
Tax Expenses
Net Profit for the Period (9-{0)
Paid-up Equity Share Capital
(Face Value of Rs. 10 per share)
Reserves excluding Revaluation Reserve
Basic and Diluted EPS

{5,02s

3,853
58

11

Profit before Finance Cost (3+4)

10

nree Montns
Ended

14

6,823

a) Cost of materials consumed

b) Changes in Inventories of finished goods, work-in-progress and stock-in-trade

6
7
8
o

lncome from operations

a) Net Sales/lncome from lnvestments
b) Other Operating Income

Three Months
Ended
31-Dec-l5
(lJnauditedl

38.31

139

13.52

27

2.974

to
2.958

740
3,911

374
2,580

52.41

Reporting of Segment wise RevenuerResult and.Capital Employed as on 31st March, 2016

(Rs. In Lacl

Sr.
No.

Three Months
Ended
31-Mar-{6
lArrdifedl

Particulars

Segmenl Kevenue
r) Composite Products

Total Income
z

lllnarrlile.ll

Three Months
Ended

3l-Mar-15
lArr.litedl

Year
Ended

Year
Ended

3t-Mar-{6

31-Mar-15

lArrdife-dl

lAildifedl

3,221
3 A.t6

2,874

2,929
'1 .

133

11,936
6 5n4

11,205

1.O37

6.837

3.911

4.062

1A.MO

15.

245

204

2 549

701
905

141
837

a oo4

Segment Results
(Profi(+) / Loss G) before Tax and lnterest
from each segment)
a) Composite Products
h\ lnvFctmenl
Sub Total

2.794

b
1n

22

2,210

805

940

4,651

2,958

5,065
51,413

t AtR

4,917
49,834
t RtR

4,743
47,526
a nrA

51,413

4,743
47,526

59,104

57,279

55,315

59.104

? naA
55-315

Profit beforeTax and Exceptional ltems

30/
2 427
3.394
447

5.532

.11

A.ld nrh6r lnmm6

809

4.723

978
44

lu4

Less: tJnallocable Expenses

Less: Finance Cost

Three Months
Ended
31-Dec-{5

9Ud

16

)'7

Capital Employed
(Segment Assets - Segment Liabilities)
a) Composite Products
b) Investment
^\ I ln.llM.hl6

Total Seqment Capital Emploved

fffiilps
In Conr.pJ. Alwoys.

Statement of Assets and Liabilities

5r.

Io.

{ Rs. In Lacs}

Particulars

As al

3{st

Mar.
2016

lAudited!

(1)

fAuditedl

IN.CURRENT LIABILITIES
(a) Long-term bonowings
(b) Deferred Tax liabilities (Net)
(c) Other Long-term liabilities
(d) Long-term provisions

492

492

58 280
58,772

u.428
54.920

332

395
969
92
70
1.526

936
94
Ib

1.438
(3)

Mar.
2015

AREHOLDERS'FUND
(a) Share Capital
(b) Reserves and surplus

(2)

As al

3lst

IRRENT LIABILITES
(a) Short{erm borrowings
(b) Trade payables
(c) Other Current liabilities
(d) Short-term provisions

109

100

1,240
1,273
85
2.707

1,044

62,917

58.412

744
78
1.966

I
(1)

LON.CURRENT ASSETS

(a) Fixed assets

(b) Non-current investments
(c) Long-term loans and advances
(2)

|URRENT ASSETS
(a) Current investments
(b) inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances

669
2,661
354
1,291

by the Audit Committee and approved by the Board

of

1,519

nnR

48.095
4,097
605

2,320

11.176

247
1,962
't.086
10.317

62.917

5E.412

'1.310

otal

'|

u,488

4,891

(D Othercurrentassets

The above results were reviewed

12,0'15

35,194
a 5?t
51.741

Directors in theirheeting held, on 05th May, 2016.

The Board of Directors of the Company have recommended a dividend of Rs. 1 per share (being

1O% of the paid up share capital of the Company) Jor.the year

ended 31st

March 2016.
3

The Company has invested its surplus fund in debt, equity and other assets and the same has been disclosed as a separate segment.

The figures for fhe quarter ended 31 March 201 6 and 31 March 201 5 are the balancing figures between audited figures in respect of the full financial year and the published year
to date figures upto 31 December.
There was no investor complaint pending as at the beginning as also at the end of the quarter. During the quarter, 7 complaints were received and the same were duly disposed
off.

Previous yeafs figures have been recast / regrouped wherever considered necessary.

Place : Mumbai
Dated : 05th May,2016

LODHA

6, Karim Chambers,40, A. Doshi Marg, (Hamam Street),

Mumbai 400 001 INDIA
Telephone : 0091-22-2269 1414 | 2269 1515

Chartered Accountants

Fax
E:mail

&co

-224402 fi40 I 4002 1 41 4

0091-22-2261 9983
mumbai@lodhaco.com
0091

INDEPENDEND AUDIT
To
Board of Directors of HINDUSTAN COMPOSITES LIMITED

We have audited the accompanying Statement of Standalone Financial Results

of
HINDUSTAN COMPOSITES LIMITED ('the Company') for the year ended 31't March,2016
("the Statement"), being submitted by the Company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015. This Statement, which is the responsibility of the company's management and
approved by the Board of Directors, has been prepared on the basis of the related financial
statement which are in accordance with the Accounting Standard 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 express an opinion
on the Statement.

We conducted our audit in accordance with the Standards on Auditing issued by the Institute
of Chartered Accountants of India. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the Statement is free from material
misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts disclosed in the Statement. An audit also includes evaluating the appropriateness
of the accounting policies used and the reasonableness of the significant accounting
estimates made by the Management, as well as evaluating the overall presentation of the
Statement. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.

ln our opinion and to the best of our information and according to the explanations given to
us the Statement;

(i)

is presented in accordance with the requirements

(ii)

gives a true and fair view in conformity with aforesaid Accounting Standards and
other accounting principles generally accepted in'lndia of the Net Profit and other
financial information of the Company for the year ended 31st March, 2016.

of

Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015; and

The Statement includes the results for the Quarter ended 31't March , 2016 being the
balancing figure between audited figures in respect of full financial year and the published
year to date figures up to the.third quarter of the current financial year which were subject to
limited review by us.

For LODHA & CO.

Ghartered Accountants
Firm Registration No: 301051E

ffre-t6
*
*

htn,\
R.P. Baradiya

fo;tr#

Partner
Membership No. 44101

iMUMBAl"0ll

Place: Mumbai
Date:5th May,2016

New Delhi

Hyderabad