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FAX

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I 27 89207

nfohyd@balajiamines.com

Off

unit2mktg@balajiarnines.com
WEBSITE

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24tt'

october,2016

To

fo

The Departl-nent of Corporate Services- CRD

BSE Ltd.

National Stock Exchanses of India Limited

5'r' Floor, Exchange Plaia,

P.J Towers,

Dalal Street

Mumbai-4000 001

Bandra(E)
Murnbai - 400 051

Scrip Code : 530999/BALAMINESI

ScriP'6s,1. : BALAMINES

Dear Sir,

Sub: Outcome of Board Meeting - Reg.,

Ref: Scrip Code: BALAMINES

With reference to above cited subject, we would like to inform you that the Directors in their Just
concluded Board Meeting have inter alia, transacted the following matters:

1. The Un-Audited

Financial Results for the Quarterand Six months ended 30tt' September,201-6,
recommended by the Audit committee to the Board of Directors were approved by the Board.

2.

The Limited Review Report om the Un-Audited Financial Results for the Quarter and Six months
ended 30th September,20L6 is;sued by M/s V. SridhLar & Co,, Chartered Accountants pursuant to
Regulations 33 of the Securities and Exchange Board of India (Listing Obligations And
Disclosure Requirements) Regulations, 2015 were placed before the Board and Board took note
of the same.

3.

3rd FLOOR, K.P.R. HOUSE. S.p ROAD,

SECUNDERABAD - 5OO OO3. rNDtA)

The Key operating highlights; of the Un-Audited Financial Results for the Quarter and

Six

months ended 3Ott September,2076 are as under:

Income from Operations recorded for the quarter ended 30.09.2076 Rs.17215.07 lakhs and
six months ended Rs. 3539t4.26 lakhs as agains;t corresponding period of 201.5-16 quarter
and six months ended Rs. 112318.19 and Rs.34677.07 Lakhs respectively.

Profit After Tax recorded for the quarter ended ;10.09.20L6 Rs,21,73.07 Lakhs and Six months
ended Rs.4B07.15ilakhs as against corresponding period of 201,5-1,6 quarter and six months
ended Rs. 1181.29 and Rs.2462.91 lakhs respectively.

V'J"ra+
Regd offce : "Balaji rowers", No. 9/1fu1, Hotgi Road, Aasara
chowk, solapur _ 413 oo3
'

-40-27898206 I 27 89207
+91-40-27816171
+91

TEL
FAX
E-MAIL

TD.

3rd FLOOR, K.P.R. HOUSE,

. ROAD,
(rNDrA)

off

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unit2mktg@balajiarmines.com

WEBSITE

AMINES

SECUNDEMBAD.5OO

www.balajiamines,com

MT/PA to 7000
4. The Board has revised the Morpholine plant installed capacity from L0000
MT/PA due to economies of scale and detailed engineering'
person under Investor
5. The board authorized sRL G. tttEMANTH REDDY, Director as Authorised
Refund) Rules, 2016
and
Transfer
Education and protection Fund Authority (Accounting, Audit,
the provi-sions of Investor
6. Appointed Smt. P,s.Mani as Nodal otficer of the company under
and RefundJ Rules, 2016
Education and protection Fund Authority [Accounting, Audit, Transfer

7. Approvedinprinciple,theproposalofAmalgamationofitssubsidiariesintothecompanyand
terms of reference
with the
constituted commitiee of directors called as-"MerpJer committee"
as below

to the
a, To approve and recommend the draft Sctrerne of Amalgamation
consideration and aPProval'
Report to the Board for its
To approve and recommend the draft valuation
and aPProval.

Board for its

consideratiotl

C.Toappointadvocates/consultants/Auditors,IVlerchantBankersandotherintermediaries
valuation
from the Merchant Banker on the
and obtain the draft fairness opinion certificate
RePort'

d.

that may be required for the purpose of

To do all such necessary and ancillary acts & things
Limited and M/s Balaji Greentech
proposed amalgamation of M/s' Bhagyanagar chemicals
ljre Company'
Products Limited, subsidiary companies into

concluded at 5'20 PM'

The Board Meeting commenced at 04.00 PM:lrrtl

This is for Your informationr'

FOR BATAJI AMINES LIMITEI)

ll^^'olL
G. HEMANTHIREDDY

DIRECTOR

Regd. offce : "Balajirowers", No. 9/1Al1, Hotgi Road, Aasara chowk, Solapur - 413 003.

(O217\2451521

(O)17\)LqlRt?

'

CIN : L.il4132MH

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E.MAIL
WEBSITE

AMINES LTD.

Admn. Off

infohyd@balajiamines.com
unit2mKg@balajiamines.com
www.balajiamines.com

3rd FLOOR, K.P.R. HOUSE, S.P. ROAD,

SECUNDERABAD - 500 003. (tNDtA)

BalajiAmines Limited
(An ISO 9001:2008 Company)
Cl N :

1.24132M

Regd. Office: - "BalajiTowers",

1988P1C049387

No.9/LA/L, HotgiRoad, Aasara Chowk, Solapur-4L3224

Statement of Un-Audited Financiat Results for the Half year and Quarter ended 30th September 2015
( Rs ln [acs]

Half year ended

Quarter ended
sl.

Particulars

No.

!ncome

Year ended

30.09.2016

30.06.2016

30.09.2015

30.09.2016

30.09.2015

31.03.2016

Unaudited

unaudited

Unaudited

Unaudited

unaudited

Audited

fiom operations

(a)

Income from operations

(b)

Other operatins income

Total income from operations

2

Cost of material consumed

35394.26

0.00

0.00

0.00

0.00

0.00

0.00

34677.05

L72L5.07

18179.19

17318.19

35394.26

34677.05

58900.29

7416.69

9448.70

8747.51

1686s.39

16995.86

32677.t0

(bl

eoods & work-in-Droqress

s90.60

-815.37

445,93

-224.77

1678.47

2208.62

(c)

Emplovee benefit expenses

848.92

807.31

687.84

1656.23

1342.66

3152.32

(d)

Depreciation

449 05

449.05

439.15

898,10

878.30

1789.72

(e)

Other exoenses

4392.14

4706.t9

4642.11

9098.33

8966.81

17972.99

t3697.40

14595.88

14962.54

28293.28

29862.L0

57800.75

35t7.67

3583.31

2355.65

7100.98

4814.95

11099.54

105,70

55,04

75.52

160.74

143.06

224,39

3623.37

3638.3s

243L,L7

726L.72

4958.01

11323.93

Prolit I (Loss) from operations before

other income, finance
costs and exceptional items (1-2)

17318.19

Changes in inventories of finished

Total expenses

18179.19

Expenses

(a)

68900.29

L7215.07

Other income
Protit I (Loss) from ordinary activities
before finance costs and
exceptional items (3 + 4)
|Jr

.Ina'

-7\

lowers", No. 9/'

Road, Aasara Chowk, Solapur - 413 003

.\

TEL

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unit2mktg @bal

aj iam

nes.com

AMINES L
3rd FLOOR, K.P.R. HOUSE, S.P.

SECUNDERABAD.

Profit / (Loss) from ordinary

activities after finance costs but

Net Profit / (Loss) from ordinary

Net Profit / (Loss) for the period

Paid-up equity share capital (Face
Value of each Share Rs,
Reserve excludin g Revaluation
Reserves as per balance sheet

Basic and diluted EPS before

extraordinary items for the
period, for the year to date, and
for the previous year (not to be
Basic and diluted EPS after
extraordinary items for the
period, for the year to date, and
for the previous year (not to be

Regd offce : "Balaji rowers", No. 9/1A/1, Hotgi Road, Aasara chowk, Solapur - 413 003.

SOO OO3.

TEL
FAX

: +9140-27898206127892071

E-MAIL

: infohyd@balajiamines.com

D,

:+9140.27816171
un iCImktg @ balaj iam i nes.

Off

com

SECUNDEMBAD.

WEBSITE : www.balaiiamines.com

SOO OO3.

Segment lnformation
ln
Quarter ended
sl.

Particulars

No.

Year e ded

30.09.2015

30.05.2016

30.09.2015

30.09.2015

30.09.2015

31.03. 016

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audi ld

Segment Revenue
Amines Division

t6844.02

17809.53

1702t.22

34653.55

34044.19

6 +19.68

377.22

372.st

302.07

749.73

639.96

495.43

17221.24

18182.04

t7323.29

35403.28

34584.15

6{ t15.11

6.L7

2.85

5.10

9.02

7.LO

L4.82

Revenue from operations

Segment Results before Tax

t72ts.o7

18179.19

17318.19

35394.26

34677.05

5I ,00.29

3658.32

3867.26

25L4.25

7525.58

5122.23

-34.96

-66.33

-83.08

-LOt.29

-164.23

70.0L

3623.36

3800.93

243t.t7

7424.29

4958.00

11 t23.93

259.0L

301.18

451.95

560.19

955.70

r58.35

42.33

47.10

66.59

89.43

135.77

r50.14

301.34

348.28

518.54

649.62

togt.47

3399.31

3566.08

2052.30

6965.39

4166.53

-77.29

-1t3.43

-149.67

-L90.72

-300.00

.20.t5

3322.O2

3452.65

t9t2.63

6774.57

3856.53

9 15.44

48370.49

52480.95

47666.68

48370.49

47666.68

51: 23.L8

92s0.25

9338.70

971L.92

9250.25

97LL.92

9464.74

s7620.74

61819.55

57378.50

57620.74

57378.60

60687.92

20963.77

27t88.38

27897.20

20963.77

27897.20

28 30.19

2680.53

2827.97

3245.95

2680.s3

3245.95

2 65.52

23544.30

30016.35

31143.15

2364/..30

31143.15

31 95.7t

HotelDivision
Sub Total
Less:

Inter-segment

revenue

Half year ended

&

Interest

Amines Division

Hotel Division

Total:
Less :

L1

r93.94

Interest

Amines Division

HotelDivision

Total:

|08.49

Segment Profit/toss (-)

before tax
Amines Division

HotelDivision

Total
3
a

CapitalEmployed
Segment Assets
Amines Division

Hotel Division

Total:
b

35.s9

Segment Liabilities
Amines Division

HotelDivision

Total:

Regd. offce:"Balajirowers", No.9/1A/1, Hotgi Road,Aasara chowk, solapur-413 003.

{D

TEL

+9

1 4G27898 206 I 27 89207

+9140-27816171

FM

AMINES L D.

E.MAIL

infohyd @balajiamines.com
unit2mktg@ ba lajiami nes.com

WEBSITE

www.balajiamines.com

3rd FL00R, K.P.R. HOUSE, S.P.

SECUNDERABAD.5OO

Statement of Assets and Liabilities

st.

Particulars

No.

(Rs.In Lacs)
Current Half
Year ended
30.09.2016
(Unaudited)

Year ended
(31.03.2016)
(Audited)

EQUITY AND LIABILITIES

1

Shareholders' funds

(a)
(b)
(c)

Share capital
Reserves and surplus
Money received against share warrants

Sub-total - Shareholders' funds

2

Share application money pending allotment

Minoritv Interest

Non-current liabilities
(a) Longterm borrowings

(b) Deferred tax liabilities (net)

(c) Other long-term liabilities
(d) Long-termprovisions
4

Sub-total - Non+urrent liabilities

Gurrent liabilities
(a) Short-termborrowinqs

(b) Trade pavables

(c) Other current liabilities
(d) Short-term provisions
Sub-total - Current liabilities
TOTAL. EQUITY AND LIABILITIES
ASSETS

B
1

648.02
28s2L'.23

33976.43

29t69.2s

3243.26

4458.38

5739.2L

5535.14

120.s2

L202.83

9102.99

11295.35

5565.14
3772.85

8948.6s
4777.88

2585.62

3065.40

2517.71

3429.39

1454t.32

20222,32

57620.74

60687.92

31545.64

32228.96

Non-current assets

(a) Fixed assets

(b) Capitalwork in proqress
(c) Non-currentinvestments
(d) Deferred tax assets (net)
(e) Long-term loans and advances

(f)
2

648.02
33328.41

Other non-current assets

Sub-total - Non-current assets

1675.87

L626.L2

3015.28

3015.28

1508.44

1508.36

225.8L

22r.47

37971,04

38500.19

6870.81

5927.20

Gurrent assets

(a)
(b)

Current investments
Inventories

Regd Offce : "Balaji Towers", No. 9/1A/1, Hotgi Road, Aasara Chowk, Solapur -

OO3.

rso elo1:2008

l0

01 100 0s0617

CIN : 124132MH1988P1cO49387

+9

TEL
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WEBSITE

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u n iCI

d)
e)

(f)

AMINES LTD.

mktg @ ba I aj ia m i nes. co m

3rd FLOOR, K.P.R. HOUSE, S.P. ROAD,

SECUNDERABAD - 500 003. (tNDtA)

Cash and cash equivalents

Short{erm loans and advances
Other current assets

Notes:

1. The above unaudited results have been reviewed by the audit committee and taken on record by the Board of
Directors at their meeting held on 24.10.2016.

2.

The Limited Review by the Statutory Auditors for the quafter and half year ended as required under regulation
33(3)(c) the Listing Agreement has been completed and the related Report is being forwarded to stock
Exchanges.

3.

Segment wise reporting as applicable under AS-17

given separately.

4.

Income from operations are disclosed inclusive of excise duty as per clarification issued by SEBI Dated

for the quarter and half year ended 30ft September 2016,

20.09.2016.

5.

Corresponding figures in previous period have been regrouped wherever considered necessary.
*Profit arising on account of land acquisition by NHAI,
Government of India.

By order ofthe Board

for Balaji Amines Limi
2'o utryr;1

9Z-\o

Datez 24.10.2016

Place: Secunderabad

AP

Chairman & Managing Oii6dttifJ

Regd offce:'Balajirowers",No 9/1A/l Hotgi Road,Aasarachowk solapur-4.13003

V. SRIDHAR

& CO.

CHARTERED ACCOUNTANTS

To

The Board of Directors of BALAJIAMINES LIMITED

We have reviewed the accompanying statement of unaudited financial results of BALAJI AMINES
LIMITED for the quarter and 6 Months ended 30.09.2016. This statement is the responsibility of the
Company's Management and has been approved by the Board of Directors. Our responsibility is to issue
a report on these financial statements based on our revtew.

We conducted our review in accordance with tlhe Standard on Review Engagement (SRE) 2400,
Engagements to Review Financial Statements issuecl 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 materrial 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
oprnron.

our review conducted as above, nothing lras come to our attention that causes us to believe
that the accompanying statement of unaudited financial results prepared in accordance with applicable
accounting standards 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 includirrg the manner in which it is to be disclosed, or that it
Based on

contains any material misstatement.

For V.Sridhar & Co.,

Vemulaoati Sridhar
Proprietor
Memb No.202337
Hyderabad. October 24, 20L6