n

Ramco Industries Limited

t\
t\
'Auras Corporate Centre" ll & Vl Floor
984, Dr. Radhakrishnan Road,

REF/SEC/SE/No. FR/Q4l20 1s-16

20.5.20t6

Post Box No. 2g4g,Mylapore,

Chennai - 600 004.
Phone : 91- 44 - 2847 8585
:91- 44 - 2847 8597
CIN No. L26943TNl 965P1C005297

Fax

National Stock Exchange of India Ltd.

Exchange Plaza, Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051
Scrip Code: MMCOIND
BSE Limited
Floor 25, "P.J,Towers",
Dalal Street, Mumbai - 400 001

Dear Sirs,

Sub : Outcome of

the Board Meeting held on 20'5'2016

The Meeting of our Board of Directors held today (20'5.2016), approved the
Audited Financial Results (standalone and consolidated) for the Quarter and
Year ended 31st March, 2016.

The Board of Directors at its meeting held on 11'3'2016 had approved

payment of Interim Dividend of Re.0.50 per share. This is the total dividend
for the year 2015-16.
Pursuant to Regulation 33(3Xd) of SEBI (Listing obligations and Disclosure
Requirements) Regulations, 2015, we enclose the following duly approved by
the Board :
Standalone and consolidated Audited Financial Results for the Quarter and
Year ended 31s March, 2016.
2. FormA for the Standaione Financial Results for the year ended 3l't March,
2016.
3. Form A for the Consolidated Financial Results for the year ended

1.

3l't

4.
5.

March, 2016.
Auditors Repoft on the standalone Financial Results for the year ended
3lst March, 2016.
Auditors Report on the Consolidated Financial Results for the year ended
31st March, 2016.

Thanking you
Yours faithfullY
For Ramco Industries Limited

Wr-L^S, Ealamurugasundaram
Company Secretary and 5r. General Manager (Legal)

Enrl . aq ahnve
Registered Office : 47, P.S.K. Nagar, Ra.iapalayam - 626 108.

www:ramcoindltd.com e-mailid:ril@ril.co.in

tAilto tNDusTItIs

lltTID

0lfire: 47, P.5.K.Nogor, loiotoloiy0m 626 108.

(orp0rqle 0lli(e: "Aur0s (0rpn0te (e$1re",98 A, Dr. t0dh0krishn0n t00d, tlyhp0re, [henn0i-04.
tlN: 1269{3Ill|965P1(005297r
SlIt: vyv.r0m(0indlld.(om
Regd.

l{

luDtItD

slr D .olrr & (0Nso

DATID

ftNA C|At ttsutls t0t lll t 0uAtTfl / YtAt

TNDID 31.03.20t6

tigurer in Rupeer lokht

Prrt -

0N50Ll

YIAR ENDID

QUATTIR ENDID

Pofli(ulort

/ In(ome irom 0perolionr

l,lel Solei

0lher In(ome lrom 0perolionr

Tolol In(ome (o

31.r2.20r5

3r.03.?015

31.03.2016

3r.03.201J

3t.03.20r6

31.t2.20r5

3r.03.20t5

31.03.20r6

3t.03.2015

Audiled

unoudited

Audiled

Audited

Audited

Audired

lJnoudiled

Audiled

Audited

Audiled

(Net 0f Er(ise Duty )

b)

(orl of l,loteriols (onrumed

Pur(hore ol Slo(k In lrode

(h0nget in Invenlorie! 0l finiihed Goodr, W0rk-in- Progfer! & sto(k in Jrode

?3,031

7tl

v4

t64

18,44,4

70,?35

13,491

648

491

539

2,061

?{

9021,

89,455

Jr0

15.298

18.983

12,29

t5.3lt

25.462

19,661

23,t95

9l

89.96r

12,464

9,320

r2,t67

42,621

47,344

t4,804

,6t7

14,234

i1,805

55 440

2t4

23

324

l12

?tl

t5nt1

2lt

(r,46{l

462

(r.3081

ol

2t1

(1,?53)

itr

61

1,506

r,349

6,211.

53tA

otl

1,696

|,551.

n{?

483

491

1,961

1,889

666

616

640

4s4

r8.408

18,022

6,t00

4,738

6.190

70,0:

tl,429

23,94t

18,888

2t,363

84,184

83,88'

tI3

1,832

6,050

6,083

Imployee

0eg(e(i0li0n otld Amortirqli0n [xpe[!e

0lher erpensei

4,984

3,794

5,269

TololIxpendilure

19,294

I5,534

17,835

1236"

r,t48

1,24X

3,886

I {tl

t80

t,58t

Eenef

Expenres

1,7

Prolit lr0m 0per0li0ns belore 0lher in(ome, finonce (orl 0nd hceptionol llemt

(t'2)

0lher ln(ome

Prolil from 0perolioni beloIe fin0n(e (0!l 0nd [r(eplionol ircms (3+4)

finonce

(ortr

Profii / (lost fron 0per0la0nr oflsr Fin0nce (osl bul before tr(eplion0l item(5.

1111

?,418

596

l2l

t,365

4,66(

3,103

n3l

1,841

8.468

6,679

986

966

1,039

3,791

3,70:

99i

919

t,059

3,853

I tl(

22t

1,J60

963

2,106

(?06)

182

4,6t5

?,864

1,233

t.0t:

184

t,049

1,233

t,0l:

125

2,80

t,976

1.29A

813

181

J.01r

3,8n

u6tl

1,658

(ee3l

184

t,049

lrofil

/ ([0ss)from 0rdin0ry A(lirilies tefore I0r(7+8)

lor Irpenie
(urrenl Tox

t,84'

5d

Defened Tox

i{ro'

tL

li{in0rily interesl in Subiidi0riet

Sh0re 0l

t{

Net Pr0fil / (Lorr)

lrolil I (lort ol Atsoci0lei

fortheperi0d(ll+12+13)

Poid up tquily Shore

(foce volue

ol

(opilol

141

6l

4l

t39

?96

154

111

{re0l

(371

t7n71

0 t/l

(r90

({l

(631

$r,

1296,

(63

(5r,

,,305

248

2t8

3,369

?,093

941

571

4.533

?,58[

2,053

l2,2tt

5,384

2,301

2{8

2t8

3,36t

2,093

7.020

3,527

2,124

r8,051

9.006

867

867

867

867

867

867

86i

867

86i

861

4q,1'16

46,808

't 1 1t45

60,244

3.89

2.41

6.61

4.18

63

t3

2,{51
21.063

tr(eplionolllemt

Nel Profil / (L0ss) from 0rdin0ry 0(liviliei oflef T0x (9-10)

6,101

1,264

tl

(1,2r4)

209

l,{AT (redit enlillemeni

35

2,644

6)

t5

19,481

r,818

14,80?

t9.8t

l0

?(l

19,164

Ixpenses

YtAT INDED

3t.03.20r6

Incone from 0perolions

OUAR][R TNDED

635

17t0

(841

5,781

3,611

(296"

Re.l/- per sftore)

t6

le5eryei ex(luding rey0lu0lion reservet

ll

t0rnings Per 5h0re (tPS) 0l le.l/-e0(h

B0sk 0nd Diluled belore

oller [xlr0ordin0ry llems.Rr.

2.6t

0.29

0.3,

2.81

t.09

0.71

w
1/"

STANDAL(}IlI
YfAR TNDED

OUATTER ENDTD

Porli(ulort
RtYtNUt. ltsur.Is 4il0 (t0|lar,
Se[menl lYenue / ln(omer

I
0

luilding Produ(lt

Iexliler

lltindmills

Unollo(oled

letsr Inler-ieomeol
llet
'I

501s

Building Produclt

Texlilet

lVindmillr
llnolloroled

31.03.20r6

3t.03.20t5

3t.03.2016

3t.t2.20i5

3t.03.2015

31.03.20t6

3t.03.20t5

Audild

lJnoudiied

Audiled

Audired

Audilsd

Aodired

Unoudited

Audiled

ludiled

Audiled

L0ss

{-l let0re

l[Iolt

20,2t4

t8,999

18,)67

3,819

3,0r5

I1,984

|,654

r,330

'|7l

l5J

114

t,198

t,330

r.446

543

442

401

1,8?0

|,446

76,416

26,2t1

20,506

23,804

94,001

91,591

15,573

58,215

3,829

3,0rJ

I1,984

t7l

t55

v4

1,198

442

401

1.820

19,

15,516

19,16:

2t8

t8t

19,811

15,298

t8,983

12.291

(8rl

t4|

t17A\

233

283

919

516

ISI

78t

6t,986

t.t0l

149

75,3tJ

25.161

(1{

915

t9,66

609

3.167

2.632

23.191

90,83,

89,96J

tirlnrC (0sl

r,3t6

2,24l.

IJJ
3l

283

929

626

5l

131

781

i'52:,

3,511

3l

(582)

1,080

938

2,94')

5lI

218

i,656

3,90t

966

t,039

3,191

3,703

991

979

t,059

3,8Ji

3,8U

1.604

t84

5.660

2.131

2.171

1.504

185

5.194

2.168

2251

2,80

1,916

2,29n

013

t81

5.810

3,8t1

lers: finonce (ort

Add: [Jn'olloroble inrome nel off un0ll0c0ble er0endilure

Protil before

16,r60

,654

2l,906
1(Ot

,090

1sqt

loiol

Iohl

tokts

r5,685

ReYenue

leqmelt lesullt lrolrt(+)

0

3t.03.20t5

Rr. ln

In(ome from 0Derotiors

YEAT TIIDID

31.t2.20t5

E pt0Yt0

IOIAL

OUATITI INDID

3t.03.2016

lir

t,812

56

41,294

4,924

(0!itol tnployed: l5rgment A$elr (-l Segmeni Li0bilitics I

3
0

Building Produd!

35,8t3

50r965

46,569

43,604

43,604

Texlile!

8,061

36,t21
1,t44

35,8t3

7,613

7,613

8,061

I,144

7,6t3

7,6t3

Windmillt

l,8n

r,954

1,9t6

t,976

t,89'

t,954

t,916

't,97t

Unollo(oled

654)

2.319

2.2t3

2,2t3

1i.39,4

8.008

7.918

7.918

50;''3

18,nt

1t,615

78,3u

54,2751

TOTAI,

47.6151

50.593

6r,l

78.3t2

6t,r

sIAT

,tf

t{I 0f ASSIIS AND AE .tlltS

Rr. ln

Porli(ulor5

uAsrltltts

t0utTY at{D

Sl|Anti0tDtRs'tuND,

{o)
(h)

Shore

(ONSOLIDAIID

SIANDAIO|1T

ar 0l

AS

0l

3t.03.20r5

Audiled

Audiled

867
49,126

As 0l

3r.03.?0t6

([pilol

RererYeS ond turplus

,3.

to(r

861

{6,808

n,445

861

The (0mpony h0s poid 0n inlrim dividend of Re.0.50 per shdre, whkh rh0llbe

lreoted 05lol0l dividend for lhe ye0r ?015-16.

60,244

3 Pursuonl 10 ihe schdule

Sub-totol - Shore holde.C funds
2

LongJerm EorroYJingt

{b)

Delerred Iox

((,

0ther tongJerm Iiobililies

18.31',)

r0,90i

t1 6n,l

958

45S

6l

ll

of ihe (omponhs Art, 2013 the tompony

ils fixed 05rels

b0red on

2,396

lol|g lerm Fro'rision5

tqr'

341

h0s

hdnkol ddvi(e ond seperohly

0r5e5red lhe utelul life 0f lhe 5ignili(0nl (omp0neih, f0rming

tiobililiei (Nel)

5ub{ot0l - llon-(urrent li0bilities

t!,

41,6t5

(omponenlired

NOII.(UNfl ENT TIABILITIES

10,

{d)

50,

ludil (oomithe 0t its

lhe Bodrd ol Directorr 0l ih

hove been reviewed by the

meelin0 held on 20.05.2016.

Aodited

867

rrull!

meeling held on 19.05.2016 0nd 0pproved by

3r.03.20t5
Audiled

The 0bove oudiled

p0

of the m0in

11,296

0ssel. (ontequenlly,lhe depre(ioli0n for ihe ye0r ended 31.03.2016 is higher

1,t93

by Rr.81.69lokhs.lhe (omp0ny hdr opied lo 0diu9t the lorrying volu ol lired

2,396

05!elr l0r nr.21.53 lokht vhore life exh0ulled 0s on 31.03.2015 l0 Reloined

[o!$in!, !s per lhr lr0rsilionol pr0yirions 0{ lhe roid A(t. Ihe delefied tor

341

16,8r8

14,602

lt,ll2

15.215

tqt

20,^5

l/,{51

20,115

impod ol l!.9.53lokhs 0n lhe 0bove is ffedited to the rei0ined eornings.

(URRINT LIAOILI]IES

Shorl-lerm EoIrowingi

{b)

Irod Poyoblet

{(J

0ther (urrenl liobililies

(d)

ShorlJerm Prori5ions

3,840

5ub-totol - (rrrenl liobililies

T()TAI

tQUIfl

t7

AND IIAEITITITS

3,695

I3,605

)t

711
,548

l5l

3t,595

38,36t

99,006

t,00,6{3

4lhe (ontolidoled

rsuhs l0r the quorler ended 31.03.2016 indudes resuh5 of

vh0lly o|'ned subridiory (ornp0ni5 M/r.Sri R0m(o L0nk0 Pvl Lld ond
liA.Sudhorsonom Invrlmenls tld in uhid lhe (ompony holdr 100% 0f its poid

4,124
14,549

up equily rh0re (opil0l ord lhe

721

36,26t
1,31,690

ossrride !0np0n) t'\/s.

The lomro [emntt

Limiled in whi{h lhe (ompony holds 20.72% ond l{/l.Sudhorron0m Investmenll

40,109

Lirniled, 100% subsidiory 0f lhe (0mp0ny, h0ldr 1.25% 0f ils p0id up equity

|,'t6,146

rh0re (opii0l. Rom(o Syslem5 Limited h0! (eoied l0 be on l!50(jol (omp0ny

vilh

elfedlrom ?9-{-2015 in o(ordon(e rilh Sedion 2(76)ol Componier Ad 2013, by

B

ASStI5

NON-(URRIIIT AS5tT5

(o)

Tongible Asreh

Artetj

(b)

Inlongihle

{()

(opilol Work-in-progrers

(d)

Inl0ngible

(e)

No[-(urrenl inverlmenlt

(f)

long-lerm loons ond odYon(es

virlu 0f redudion in rh0reholding lr0m 22.39% to 18.51% ronsequent lo

infieote in ilr sh0re (0pilol lhrough 0uolilied intiluli0n0l pl0(ement. The

3t,41i

5l

5l

l,4tl

340

960

2t,47n

21,3t6

I,JJO

1,951

26,141

l3 on ' A(ouniing for Inverlmenls'.

A(ordingly, lh (ofiying onounl ol Inveslments on the dol ol (tr0lion 0f
0(ordon(e wilh A(0unling Slondord (15)

Ass0(iofe ir (onridered o5 (osl 0f Inve!lmenlr in lhe (ont0lidoled Fin0nriols.

60,965

83,016

6
15,984

?o 1{o

29,023

6,934

71tn

1,'t35

129

6l5l

3,674

Inventories

{b)

Trode re(eivoblet

Ir)

(osh ond (ort equivolents

(d)

Short{em [oont ond odYon(es

3,839

(e)

0lher (urrenl otselt

2.191

1.481

3,231

39.6i8

48.614

46.981

t,00,643

1,31,690

1,16,4{6

Sub-lolol - [ufient qrsett

Ly.

r'ft f ot0lrligfi er optoilre thirdwirier utirErehwfi

99,0

ti!ffi dirtyqol

69.459

A55tTS

A55tT5

5 Figuret lor lhe qu0rler ended 31.03.?016 0nd 31.03.2015 0re ll b0l0n(ing
ligures behreen 0udiled figurel in rerpeal ol full fin0n(i0l yeor ond publirhed

tt?

31,
6?,364

r,379

(o)

T0IAt

(onpony dis(onlinues lhe use 0l [quily melhod 0nd o(ounled for inveltmenls in

40,6t6

0rteti under (0nslrucli0n

SubJolol - llon-(urrenl ossels

(uiRtNI

40,639

l5(

{e} other fton-.rwrentffst'

2

36,989

fturer

Previoui ye0r'5

h0ye been regr0uped

/ regt0led wherever ne(ess0ry.

Limited /

////,e+ - lt
for lom(o Infurtriei

3,924

YTI{TTTTATIA TAJA

Ytct 0tAtfti{aN r, l{Al{a0NG

Dttt(Iot

Plo(e : (hennoi

Dole :20.05.2016

?,ta

20-05-2016
BSE Limited
Mumbai 400 001

Scrip Code : 532369

National Stock Exchange of India Ltd.

Mumbai 400 051

Scrip Code

: RAMCOIND

Dear Sirs,

Sub : Compliance of Regulation 33(3Xd) of SEBI ( LODR) Regulations,2O15

FORM A
1

Il rdustries

Name of the Comoanv

Ramco

Annual audited financial results for the vear

31$ March ,20L6

ended
Tvpe of Audit Report
Frequencv of observation

Unmodified opinion
Does not rise

NAME

1,

PRVENKETRAMARA]A

-/Q,

DIRECTOR
PREM G SHANKER
CHIEF EXECUTIVE OFFICER

3.

K SANKARANARAYANAN
CHIEF FINANCIAL OFFICER

4.

K SRINIVASAN
M/S M S JAGANNATHAN&
KRISHNASWAMI
CHARTERED ACCOUNTANTS

5.

C N GANGADAMN

M/S CNGSN& ASSOCIATES

CHARTERED ACCOUNTANTS

6.

R S AGARWAL
AUDIT COMMITTEE CHAIRMAN

(gtan4a\one)

SIGNATURE

VICE CHAIRMAN & MANAGING

2.

Limited

'>-

20-05-2016
BSE Limited

Mumbai 400 001

National Stock Exchange of India Ltd.

Mumbai 400 051

Scrip Code

: RAMCOIND

Dear Sirs,

Sub : Compliance of Regulation 33(3)(d) of SEBI ( LODR) Regulations,2015

FORM A

Name of the Company

Annual audited financial results for the vear

Ramco Il dustries Limited

31't March i,2016 (Cov,so Li A aU42

ended
Type of Audit Report
Frequency of observation

Unmodifie< oprnron
Does not a 15e

4
5

NAME

1.

SIGNATURE

-lt

PRVENKETMMARA]A
VICE CHAIRMAN & MANAGING
DIRECTOR

2.

PREM G SHANKER
CHIEF EXECUTIVE OFFICER

3,

K SANKAMNAMYANAN
CHIEF FINANCIAL OFFICER

4,

K SRINIVASAN
M/S M S JAGANNATHAN&

KRISHNASWAMI

12-

CHARTERED ACCOUNTANTS

5.

C N GANGADAMN

M/S CNGSN& ASSOCIATES

CHARTERED ACCOUNTANTS

6.

R S AGARWAL
AUDIT COMMITTEE CHAIRMAN

\*

Auditor's Report on Quarterly Financial Results and Year to Date

Results of Ramco Industries Limited, pursuant to Regulation 33 of
the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2OL5.
To the Board of Directors of Ramco fndustries Limited
We have audited the statement of standalone annual financial results of
Ramco Industries Limited for the year ended 31 March 2016 ("the
Statement") attached herewith, being submitted by the Company pursuant
to the requirements of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact
that the figures for the quarter ended 31 March 2016 and the corresponding
quarter ended in the previous year as reported in the Statement are the
balancing figures between audited figures in respect of the full financial
year and the published year to date figures up to the end of the third
quarter of the relevant financial vear.
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 standalone financial statements which is in accordance with the
Accounting Standards prescribed under Section 133 of the Companies Act,
2013, read with relevant rules issued thereunder as applicable and other
accounting principles generally accepted in India and in compliance with
requirements of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015. 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 comply with ethical requirements and 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 as financial results. An audit
also includes assessing the accounting principles used and significant
estimates made by the management. We believe that our audit provides a
reasonable basis for our oPinion.

pHsli

o1 cxmreneo
;\ ACCoUI.rAXTS /g
,O\
/a l

V*-\--1-9l

In 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 0f Regulation 33 of

the SEBI (Listing Obligations and Disclosurfe Requirements)
Regulations, 2015 in this regard; and

ii.

gives a true and fair view of the net profit ahd other financial
information for the year ended 31 March 2016.

For M. S.Jagannathan & N.Krishnaswami

Chartered Accountants
Firm Reoistration Number: 0012085

For CNGSN & As$ociates LLP

rtered Accou f,rta nts
Firm Registration Number: 0049155

Cha

I'

|
4--{r^
r / t .azerJ ^tJ
\-"7'.'-

/\.Ci-rr-Y^c'-7
K.Srinivasan
Partner
Membership Number: 021510

Chennai
20 May 2016

./Z-,.rlN

I rvN,

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al
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Membership Nuri ber: 011205

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Auditor's Report on the Quarterly Consolidated Financial Results and

Consolidated Year to Date Results of Ramco Industries Limited, pursuant
to Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2O15
To the Board of Directors of Ramco Industries Limited
We have audited the statement of consolidated annual financial results of Ramco
Industries Limited ("the Holding Company") and its subsidiaries, together referred
to as "the Group" and the share of profit of its associate for the year ended 31
March 2016 ("the Statement") attached herewith, being submitted by the Holding
Company pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn
to the fact that the figures for the quarter ended 31 March 2016 and the
corresponding quafter ended in the previous year as reported in the Statement
are the balancing figures between audited figures in respect of the full financial
year and the published year to date figures up to the end of the third quarter of
the relevant financial year.

The Statement, which is the responsibility of the Holding Company's management

and approved by the Board of Directors, has been prepared on the basis of the
related consolidated financial statements which is in accordance with the
Accounting Standards prescribed under Section 133 of the Companies Act, 2013,
read with relevant rules issued thereunder as applicable and other accounting

principles generally accepted in India and in compliance with requirements of

Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. 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
comply with ethical requirements and 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 as financial results. An audit also includes assessing the
accounting principles used and significant estimates made by the management.
We believe that our audit orovides a reasonable basis for our opinion.

The Statement reflects the Group's share of total assets of Rs.1288.34 lakhs as at
31 March 2016, total revenue of Rs.134.22 lakhs for the year ended 31 March
2016 and total Drofit after tax of Rs.133.82 lakhs for the vear ended 31 March
2016 of the subsidiary considered in the Statement was audited by one of us.

The Statement reflect the GrouD's share of total assets of Rs.16573.13 lakhs as
I revenue of Rs.2O723.76la khs for the year ended 31 march
at 31 March 201

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2016, and total profit after tax of Rs.3189.07 lakhs for the year ended 31 March
2016 of the subsidiarv considered in the Statement was not audited bv us. These
financial statements and other financial information have been audited bv other
auditor whose report has been furnished to us by the Management and our opinion
on the Statement, is based solely on the report of the other auditor.
In our opinion and to the best of our information and according to the explanations
given to us, the Statement:

i.

Includes the financial results of the followinq entities:

Name of the entitv

Sudarsanam Investments Limited
Sri Ramco Lanka (Private) Limited,
Sri Lanka (including its subsidiary
Sri Ramco Roofings Lanka
( Private) Limited. Sri Lanka)
The Ramco Cements Limited
.

t,

Relationsh ip
Subsidiarv
Subsidiary

Associate

is presented in accordance with the requirements of Regulation 33 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
in this regard; and
gives a true and fair view of the net profit and other financial information
for the year ended 31 March 2016.

For M.S.Jagannathan & N. Krishnaswami

Chartered Accountants
Firm Registration Number: 0012085

For CNGSN & Associates LLP

Chartered Accountants

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K.Srinivasan
Paftner
Membership Number: 021510
Chennai
20 May 2016

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Membershio Number: 011205