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‘WADHUSUDAN SECURITIES UNITED 6/42, COURT CHAMBERS, 35, NEW MARINE LINES, MUMBAI 400020 [UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30th September, 2035 (sin Actuals) no, oLow-2OHS | 30.06.2015 | 30.09.2018 | sone20s | 30092010 "UNAUBITED | UNAUDITED] UNAUDITED UNAUDITED | — UNAUDITED [income 5) he STRESS FS aT SST | ISSA | SORT | SEE "Total incom aa SOLS | ISSO SES naire a) nese o ip) Phase TE eon TSEssr otal ExpendiaTe 33 Fi Speations DEFENCE, THE a tems (2) 27 Profit tore THRoraa H ExapionalTnCOe (A) 31,527) Theses (brofit after Interest but before Bxeptlonal Tams (5-6) 0 Profit from ordinary ret Provision or Tax Het Prot rom Orsay ScEvGE RTE (90) z capa (Face Veo Reza esc reaeton rere Earning per Share (not annvalieed) ase 1) oUaes b) After extra Ordinary Teme hbase (yas [PARTI 7 [PARTICULARS OF SHAREHOLDING. [Public Sharshold a] Rumer of Sve mae] a 1 Sharoeh ‘as [) Pecee of ser Gea We wal Raw rome & procter ete) [oy Pegs of ve ar 16D Te TT fre onson [a Pcerage of sures (asa othe Wil Sarehaarg procter & promoter ro) [a Pecernge of sores (on a ote tal are pear fe compan. [INVESTOR COMPLAINTS: ending athe baplnng of he gua Received dung te quater Disposed of drng the aura Reraining ueesoled at en oie gaa [Sic Months Ended_| Year Ended PARTICULARS. as2015 | 3.032015. Ussustes used "EQUITY ARO LIABILITIES 11 Shareholders funds: (@) Stare apt 55,4870] 9.69,54870 (@) Reserves ond Surpst soazeais| _ 90229.941 Subtotal Starhaldes' unas | 37,69,93,288 | 37.78.84,611 2 Noweurrent abies (@)Longtarm browns soasin| 394630 ‘Subtwa Non Curent bates Curent iabilties (@) Ober corer ates zeme0| 1952638 Subtotal - Curent bites TOTAL - EQUITY AND LinsiutTies | 35,39,48,034 | 18,37,65,579, 8 ASSETS (@)Rar-areat invests ss7on| 870 (©) Loner ans and advances * assiaso1| 121899501 (Ober norcuren ase exizas70| _ 61428470 ‘Substal-Non- Curent assets [38,315,003 | 18,35.15,003 | 2 Curren assets (€) ach ad each equivalents 225409 23014 (other rent assets ange] 240,562 Subtotal - Curent ase a ‘TorAL-AsseTs| —15;39,44,034 | 1837,85,579 “The above hancal Rests forthe quarter ended 30th September, 2015 were reviewed by the Aust Committe and approved by the Board of Directors a thelr Meting held on 1S October, 2015. The Statutory Autos ofthe Company have cried outa Limited Review. “The Company has single business segment, therefore, In the context of Accounting Standard ~ 17, iscosure of segment information is nt applicable. Income Tax proviso, If any, shal be made at the year end, ‘The Control and management ofthe Company has been vested tothe new Promoters, Mr. Salm Goval and the PACS. “The 61,42,847 Equity Shares ksued for consideration other than cash have been forefited an acount of cancellation of the Business Transfer Agreement, shall be reissued / canceled by the Company, after necessary statutory approval in due course. 101-103, REWA CHAMBERS VORA & ASSOCIATES Sy NEW MARE EES MUMBAI - 400 020. INDI NTS CHARTERED ACCOUNTAI ee sgeeo moran ++91-22-22005934 +91-22-66155599 ++91-22-2208 3289 Web. : www.cavoras.com e-mail: office@cavoras.com Ref: MA: 15: MSL 655 ‘SavorasQignellicom Review report to, The Board of Directors, Madhusudan Securities Limited, 6/A~2 Court Chambers, 35, New Marine Lines, Mumbai - 400 020 ‘Reg: THE LIMITED REVIEW REPORT FOR COMPANIES ANNEXURE V TO CLAUSE 41 CERTIFICATE Mavi’ {eviewed the accompanying statement of unaudited financial results of MADHUSUDAN SECURITIES LIMITED for the Second Quarter ended September 30, 7015 except for the disclosures regarding ‘Public Shareholding’ and ‘Proteter avg fromoter Group Shareholding’ which have been traced from disclosures, made by the management and have not been audited by us. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors/ Fmamitee of Board of Directors. Our responsibility is to issue a report on these Einancial Statements based on our review, For VORA & ASSOCIATES CHARTERED ACCOUNTANTS (ICAI Firm Reg. No. 111612W) MAYURA. VORA Na) Place: Mumbai PARTNER Cae Dated: 15 OCT 2015 (Membership No. 30097)

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