Kothari Sugars & Chemicals : Outcome of Board Meeting 30.05.2017

May 30, 2017

Registered Office:

"KothariBuildings·.No. 115,Maha!hma GandhiSalai,Nungambakkam. Chonnai·600 034

Phon,:044 • 30226848 / 5614, Fax :044-28334560. www.hckotharigroup.com G fl O U P

LisLing Department

National Stock Exchange of India Ltd. Exchange Plaza •

Bandni-Kurla Complex

Bandra fEJ, Mumbai - 400 051

Dear Sirs,

Stock Code ·KOTARlSUG

'

Sub:Outcome of Board Meeting held on 3011 May 2017.

With reference to tbe SEBl (Listing Obligations and Disclosures Requirements) Regu l ations, 2015 (Listing Regu lations), we wish to inform you that, as required i n terms of Regulation 30, 33 and other applicable prov isions of Listing Regu lations that the Board of Directors of Mis. Kot hari Sugars and Chemicals Limited at its meeti ng held on May 30, 2017 commenced al O I :15

P.M. and concluded at 03:30 P.M. has inter alia u·an$acted the following businesses:

1. Approved and taken on record the Standalone Aud ited Financial Results of the Company fol' the quarter and year ended March 31. 2017 and also consolidated Financia ls R.esLJ lts for the year ended 31" Mar 20 17. Copies of the said Aud ited Financial Results. Auditors' Report thereon issued by the Statutory Auditors of the Company for the quarter and yea r ended Mrch 31, 2017 are enclosed.

2. ) Recom mended a Dividend @ Re.0.50/- per share (5%) on the equity share of face value of Rs.I OI- each fully paid up I-Or the financial year 2016-17, subject lo approval of mem bers in the ensu ing Annual General Meeting.

3. Copy of extract of the Financial Results required to be publ ished in t he Newspaper as per the Regulation 47 of the SEBJ (Listing Obligations and Disclosu re Requirements) Regu lations, 20 1 5 is enclosed.

Kindly acknowledge and take this in your records.

Tlrnnk ing You,

Yours faithfu lly

for Kothari Sugars & Chco1icals Limited

End.: as above

SUgar Unit,:

Unh • I:Kanur Post • 621 706,lalgudlTalulc.Trlchy Oist..Tamilnadu,P11one :0431-254 l224I2541350,Fax :043 1254145 1 Unit • II:Sathamangalam 1/ilave.Velriyur Post :62 1 707.Ariyalur Dist..Tamilnadu,Phone :04329,320800

CIN :ll5421Tll l960PlC0043lO

TIN N o.: 33790460019 dt 1- l ·Z007 CST No.24518 di.26-08, 1961

Kothart

KOTHARI SUGARS ANDCHEMICAi..$ LIMITED

R11g(l,Otm •:"Kou..,1OuHdlngs•, us, M•hotm;i Gandhi Sii.iii, Nu*111b11l1i1m,.Cnt11t'l&I •GOO 034

"" '" ...,.. CIN:L15421TN 1960f>LC:00.tS10 Photw 044-30211&95130226501,F111.o44-2$3J.4560

l!m;s.U:1ecdeploroup,(Of'I WOl:ltJt•:www.lk:ko1h1,i,gn>up.com'k1cl

SUlel"lle:M ol Audit&d flnanc&ai.Ro1u111for tho Quart0t •no.,,._.,• •d Much 31 %017

PARTICULARS Quan:orEnded St1od Alono Yoi,r i:ndod Cons.01id1ttttd Year Ended

M:itl'{:h31

2017 Dec31, 2016 Mlll'eh31 2016 March 312017 Merch 31 2018 M.ireh 31 2017 M,rch 312016

Aueliteel un-audlfed AudllOd Audited Aodded (Ref.Note

bolow)

IRevenue from Operaoon.& (Gross)

LOS$: Excise 11y

cvonue frorn Operations {Net}

II Other rncome

m TotalRevenue (1+11)

IVE11penses

{a) Cost or ma1er1a1s: OO(l$utnod 13597 04 3601.75 11423.20 24912.94 19672.21 24912,9,t H)072.21

{b) CbangesInlnveototles or fri$1 Qod'$. {7461 38} 540,69 (8005.06) (2540.09) !168:1.75) {2540.09) 11683.75)

work.Inprogress anstoek ., trade

(C) Employee txmollts expense 508 07 416.71 .403.94 177$.76 15&4.&6 17tM..C2 1582,09

(Cf} Fin"AcO C0$1$ 195,$8 150.37 123.61 720.36 708.59 7to,82 708.88

(e)OepreeiMlonand l'Utl()fti$tlt1Qn oxponse 376.05 363.17 356.92 1462.88 1.,70 t .462 881463.70

(f) Other e,q:,enses 1092.75 782 43 1230.18 3892 39 332343 3900.89 3:133.66

TotalE11ponses 8308.11 -5945.12 5461.78 302.2.4.23 25048.84 30251..86 2$076.80

V} Proll1bero e exceptl0tuland extraordinary 1619.30 (50.00) 1744.!i8 17S8.88 270.57 1794.98 287.2.S

h&ITt$ andl8X (Ill •IV)

VI) Exowtioflalltilms (t92.64) . {622.35) . (622.3-51 -

VII) Prorit l)CfQtC tax (V - Vil 626.66 (&04.00) 1744,58 1136.53 276.57 1172,6-4 287 ts

VIII) T U

(O} Tax OXl)l'.fl$O of cooenl year 172.79 (107A3) 2.56 243.37 2.58 250,25 15.20

{D} T(lx (l)q)(l(lt¢t of o.dcryooro . . 21.28 . 21.28 .

(C) Defe«fld 1/il( (tl$9tlt) Ili bi (260.50) (173.64) 528.57 (75.:Z-3) 156.27 (75.23) 156,27

IX Profl1l(los.&) or tho period from year cont nuing 91-4.37 (222.93) 121343 947.11 117,72 976.3) 115,78

opOr11tion1 (Vlt-Vtll)

X> Shara or f)fOlill ( oss) oc A-IIW. t'l .e 119,24 187,59

XI) Net Prolit I (Loss} aner slwe or prollt 1( os.s) of associalos 914.37 (222.03) 1213.43 947.11 117 72 109557 303.37

XII Earrw,gs Per Snare

(8) B.Hlc 1.10 (027) 1..itO 1.14 0 •• 1.32 0.37

(b) Oil od 1.10 (0.27) 1.46 1.14 0 14 1.32 0 37

Segmvnt roeort ngfthe Quarter andY!•r ended Mareh 31 2017 Rs.Inlakhs

Stand Alo,m Year Consolidated Vear

Ou;u1or Ended EndOtl Endvd

PARTICULARS M11rch 31 M•rch 31

1. Segme-nt Revenue

2. Sugar (b) Ol$ iUery

   (c) Power

   Tot• Sli!gmont Revttnue L1:'$s:1111(•. r SCJgmont Tran$fOI'$ Ntt Tun-H)vt;ir

3. Segme1uResull:9

4. Sugar

5. Of&1lllery

6. Power

7. total Segment Pro-fit baf(l{e 109$.$1 (275.31) t.80 2-128,31 759.21 2126.31 759.21

   lntttro:.t •nd ax

   Lt-ll-.1.:

   () lnlere.st (210.90} (14380) (100.76) (721..37) (659,lt) (685.27J (659.40)

   (ii) Otne, Unauocablo E;11pondltt1r9 net of ncome (138,99) (115.04) (12 94) (491,70) (370.05) (491.70) (359.97)

   81.05	31 10	235.50	223.29	547,12	223.29	547.,41
   826.88		1744.58	1136,53	276.57	1172.84	287.25
   233-30.90	IS633.67	20769,19	23330.90	20769.19	23330.90	20189,19
   tSon.02	5:.149.82	5171.80	5077.02	5171.80	5077,02	5171.80
   6837.75	6'417.27	0709.68	11,837.75	6709 66	6837,75	0709.G8
   2911.84	S3. 11.19	3046.35	2-911.84	3946.35	2911.84	39.35
   38207 52	32112.15	36597,01	38207.52	36597.01	38207. 2	36597.01
   9658 36	7418,30	8996,49	9G58.36	8996.49	l.1858 ,36	8996.49
   299 69	02.32	261.26	299.69	261.26	299,(19	261.26
   718,$0	127.89	96.16	716 66	96. 18	71$,60	96.18
   14798,,44	13253.50	1 25	14798.44	15368.25	13578,23	14177.27
   25473.09	20892.10	24722 .19	25,473,09	24722.19	2A252,88	23531,21

   (Iii) lntete-st/dlvkfend1neo-1111t

   (fv) Ex11a,ordlnary Item

   Profit Before Ta•

8. Segment A$$el&

9. St.1g11r

10. Oi:;.Ullory

11. Power

12. UIBIIOeated [Cotpor.tlO] Totnl

13. A) Segment Llabllitles

    {a) Sugar

14. Oi$lill$ry

    (ct PwQr

    (d> unauocabte Total

    AuditedIState-ment of Asot.c and Li.:lbililles .as at 31st MH!Ch 2017 -

    PARTICULARS Sland alone Consolldaled

    31"03.2017 31.03.2018 31.03 2017 31,03.ZOHi

    'Audlledl (Audlted1 'Audil111d' _{Audited

    EQUITY AAO LIABILITIES

    Sh.a«thOl' funds

    a)Share Capi!al 8288,86 8376.36 8288.86 8370,36

15. Reserves and surplus 444.5 57 3408:46 5685.77 ,669.44

    12734.43 11874.82 13954.83 13065.80

    Non.Curnint Uabilltlas

    a} LOn!)l,(lml bOn'¢N' ingS 6213.99 9220.99 6273.99 922().99

    b) Oeferma tax liallililie$ (NO'I) 2268.3-4 23'13.5? 2.2&8.34 23.57

16. Other Long tenn liabilities 350.2(1 651.91 350,20 "'3.60

17. 8892.53 12211l.-47 8892,5312228.16

    Currontlabllltles

    a) Sh¢'1tCt"m bo11v1.ir,gs 5,898.75 A,531,79 589-8.75 4531.79

    b) Trab'e$ 2959,42 4667.85 2959.4.2

    C) OI.IW CUl'1f:tll linbHiile$ 5686.88 5142.83 568$,00 5143A8

    d) Short.l.erm J)fvls.otlll 98.15 88.23 98.15 60.23

    18349.fll 1272:2.27 16350.75 12t2ill

    TOTAL 37976,59 36813.56 39.197 91 38016..88

    ASSETS

    Nori.c::urronl11: 1: tto

    ll) PfOl)C1yl .fl'l'.lt1 undCquV1'Clmonl

    I) lang!ble	19111,23	19479.26	19111.2·3	10, 9.26
    11) Manglbae	1.70	1.70	1,7(J	t.70
    Ii) Capltafwork-bprogress b} Non·curenl invutmenls	31.99 29.05	10. 1 29.05	37.99 1209.65	1.01 1209.65
    c) lon9·t0fmloar"G and ances	194.72	580.36	11M.15	.570,58
    crnon-eurrent asoots	76.56	60.59	76.56	60.59

    Curl'(lnt bssets

    11451.25 20151.97 20831.28 21331.79

    a) Curreoltives1m(J(ltfl		1849,33	1754.06	111.49.38	1754.06
    b)lnven1orres		143'1,4,Gt	11010.94	14384,81	11816.93
    c} Iraoe reoewable-s		1398.54	028..42	1398.54	926.42
    d) Cash and Bank ba1anc.es		273.42	1657.11	313.33	1690.12
    o)Sho1He1mloans .aoo attvances		518 20	567.74	519.08	55729
    I) Olho,q1no111 at.scls	10119	137.32	101.19	138 27
    18525 3.C	16661.59	18.566 63	18685 09
    TOTAL	37 976.59	36,813.58	39,197.91	38 018..88

    Notti'i:

18. Tho obvl.: FJn• ial ni utto. for the quarter and year ended Morch 31,2017 o, ht Compny were rnv ewed by the Audit Committee 1nd wer& .ipproved by the Board or O roctors al their 1111ti,llng t1etd on May 30, 2017 1nd have been •ubJ&eted to an audit by the St0,1u1ory Audit01s.The c:onsotldated audited reaula lnc.htde compi,my's $hare nlhe results of Its whblly owned subsidiary and als.o tho hare of profit tn IHIAssoc:la te Company.

19. Exceptional debit of Rs.622.35 akhs represents tho billariclng flguro betwe4.ln an income olRs.577.29 Jakha on account of Electl'ieity Tariff rovlalon and an expendilufe of lu,119$.64 l;ikhs on Ol9Ctrk-ity matter&.

20. Cost of materials con-sumN:l ncludos a sum of Rs )91,80lakhs being coat of cane and a sum or Rs.178.10 llkhs tow.1rds fix;atlon of additional cane p(iee undor ct.iuGo $A of the Sugarcane (Contro ) 0,de, 1966,both relallng 10 a'1itr yoars,butcrystali&&d durtng the year.

21. The Bo.atd h.ts recomm11oded IIdividend of Re.0.50 pe-r Equity Sha.re for h6 nn1u ci:nlyi;nr 2018·17.

5} Sugar beilg a season l nd1n1try.tho performance of any quarter may not be rep esntatlve Of tho 1nnu1J porformanco of tho Comp11ny,

6} The figures oflhe ast quarter are the balancir19 flguNJs bdlt1>d figure, inrespect of the full tlnanclalyear ended March 31,2017 artd published year to da11,figurvs upto U1• third qu r1or of th& current fln.a.ncl.aJ yoar ended Oecembot 31,2018

1. TI11t riguras por1ain ng to prevklu•periods have boon regrouped,reelassm"'" nd rU&tatl>d,wheAtv,r con&fderenocessary.

   '"'" NDco.

   , •Ch;,

   On behalf of the Boardor Dlrectot1

   "' fOt Kothari Sugars and Chomk.JI$ Umfte

   600

   *

   i

   • "l:I

:ft!f:;-

Pl1ce :Chennal .£J.l'I· ,.,$,. *

Atjun B Kotn1u1

Dale :3tl May,2017

,,..

M11n-ll"ln" O roctor

R:Subramanian And Company LLP CHARTERED ACCOUNTANTS

(Formerly :R.Subral!l11nlan And Company)

Registered Office :

New No:6,Old No.36,Krishnaswamy Avenue,Luz, Mylapo1e,Chennal • 600004. Phone : 24992261 I 24991347 I 24994231 , Fax : 24991 408

Email : rs@rscompany .co.ln Website : www .rscompany.co.in

A ud itor's Repor t on St and alone Fin a n cial Results of t h e Co mpa n y pu rsu a n t to th e R egula t ion 3 3 of th e SEBI (Listi ng Obligati on s and Disclosure Requ i rem en ts) Regulations, 201 5

To,

The Boa rd of Directors of

Kothari Sugars and Chem icals Lim ited Chennai - 600 034

'

I. We have audited the accompanying Statement of Standalone l'inancial Results of Kothari Sugars and Chem icals Limited for the year ended 315 March 2017, being submitted by the company pursuant to the requirement of Regu lation 33 of the SEBI (Listing Obligntions and Disclosu re Requirements) Regulations, 20 15. This Statemen t, which is the responsibi l ity of the cmpany's management and approved by the Board of Directors has been prepared on the bas i s of related financial statements which is in accordance with the Accounti ng Standards prescribed under Section 133 of the Compan ies Act, 20 13, as applicable and other accounting princi p les generall y accepted in Ind ia. Our responsibility is to express an opinion on the Statement.

2. We cond ucted our audit in accordance with the auditing standards generally accepted i n Ind ia. Those standards require that we plan and perform the aud it to obtain reasonable assurance about whether the financial resu l ts arc free of material misstatement(s). 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 signi ficant estimates made by management. We believe t hat our audit provides a reasonable basis for our opinion.

Branch :$512 • 514, Manipal Centre, 47, Dickenson Road, Bangalore 560 042 Phone :2558 5443,2558 8001 Incorporated with Limited Liability LLP In :AAG • 3873