fadoco INDOCO REMEDIES LTD indoco remedies limited INDOCO HOUSE, 166 ©. $1. ROAD, SANTACRUZ (EAST), MUMBAL PLOOMES - (91-22) 2386 (JOD s 3286 1259 @ FAX: 194-22) 2662 3067 81996 [INDIA] @ Website: we Inco: (352.3979 @ CIN. 185] 90MHT SA 7PLC May 27, 2016 To ‘The Listing Department National Stock Exchange of India Ltd Exchange Plaza Bandra Kurla Complex Bandra (East) ‘Mumbai 300 To The Listing Department Bombay Stock Exchange Limited Floor 25, P. |, Towers, Dalai Street, Mumbai - 400 001 Dear Sirs, Sub : Information pursuant to Regulations 30, 33 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) we wish to inform that a meeting of the Board of Directors of the Company was held today for consideration ef Audited Annual Accounts (standalone & consolidated) fot the year 2015-16. Pursuant to Regulation 30 of the Listing Agreement the Directors have recommenced dividend of Rs. 0.20 per share on face vale of Rs. 2/- per shaze (10%) for the year SOIS-16, which will be paid on or after 3 Augast, 2016 subject to approval by the shareholders at the 6% Annual General Meeting, The Meeting of the Board of Directors commenced at 10.30 a.m, and conchided at 12.15 pm. 2f-pursuant to Regslation 36 of the Listing Regulations, we enclose the following: 1) Audited Financial Results, and Statement of Assels andl Liabilities for the year ended jie March, 2016 and Unaudited for the quarter ended 31* March, 2016. 2) Audited Consolidated financial results, and consolidated Statements of Assets anc Liabilities for the year ended 31 March. 2016 3) Torm A {for Audit Report with unmodified opinion} Standalone and Consolidated 4) Auditors’ Report on the Financial Results (Standalone & Consolidated) 5) Pursuant to Regulation 47 of the Listing Regelations, the Audited Standalone and ceemtidated financial results, in the format prescribed would be released for publication in the newspapers, The Financia} Rest [ts including Statement of Assets pul Liabilities (Standalone & Consolidated) would be ‘uploaded on Company's website www. indoce.com, We request you fo take the same on record, ‘Thanking you, Yours faithfully, or Indaco Remedies Limited Aw Sunil D. Joshi President Finance & Company SecretaryTNDOCO REMEDIES LIMITED 1ST Road, Kaline Santacruz (E), Mumbai 400 088. ind Regd. Office : Indoco House, “To+91-22-2854105 1/55 Faxc+01-22-285207 i ‘Web:www indoco com CIN:L85190MH1947PLCO0S913 FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 1ST MARCH, 2018 eset Intacs Saas Tags, ar] aoaer | ao vars ence Jearandea| Yoorend | Year andes | Yeerondea ne Pau ssl ont | aed, | Soanane | suanans | simané | 31S ROLE | arcane | anzns | arora) | ihusas) | rusted | Ante 7 ynaaia rms Operation [asus sate (a) Gros Seles ame om Cperafons meme) meats) zie] staze|ewort) ast | SME {Bee Duty asa) a) “tova] coven] soon) hz {2} Net Sees! income rom Operon (2b) asase| 25481 eed (Oe Operaing caro ‘| a pre; aml are m ‘otal ncomo from Operations (Net (24) wen] anaes mnt! nonouo| sane] tanars) es 2 leepenes, 1S Cottman core} saee] zen) zoace|—meaur| att) 2888 (opncenmn etek tase m2) $268) Ske] Saw] sam] sae) (2 Geages miners of ond pods se] NE) aan] ara] saad carey C8 ovcinpogres ang soe me {eee are aerse aooa| asus) sgoa] tear) rgame | 80 {GDoneeston src Anoceasn omerce amt) SSR] tet] “ataa]“ae| sem (treceache oetonron Bera vel OE) Mis] tate] aur) este (grote espenne so) | ter! as ate| © maase| maze Irom eapenee carl Bee) ess] mes) masse) are] TREE 2 [Prot tom Operations bor Ott neo, ret] rae] ABE | ser| tham| tuner) 2 Financ one and Erepons! tra 2 1 |oourieone » | m| om 12 ” 4 [omen active tloroFnanceCost | 28it| aati aib) 118 re) Jena Eacopional tens Or ¢ fimmca cost veo) zea zi] tar] tase tats § Tbr edna activities afar Fiance Gost a] Ha] ast] soama) wos] tones) 0 four oor xcepoal ee (8) a [Escape ea. . . - - - § [ert om orn exe tore (7-8) aias| nan] nase) toons tos| toast fojroxzaceeee we) nage) Mg |“nee| eer] 178 11 ht Pro rom Oranary atin ar tx 40) aut] ape] tas| ma) batn) ass {2)esterrar tore : " 4 * 2 ‘alla Protior the povod 1-2) zom| — nowe] tars] nama) att) 808 1 tec ree " " “alter aer taxa an ino nrest3.16 zoo] zoaz| ars) sam] gam] aE “Ekle Sar Capt re van € 2 09°41 aot) 288) tee) tem] tas) toe 1$ (feats Seong Ravan Reserve 332 soon] sass] 56887 [orcs trot orPcun necro Yor talcaminge pr shar olor and ale xray east ont (tema ley sane aw} zze]30e| ace] emmy ama] ES isos an zl 38) see] oo] non |__oe ste te roan has ey ena apne eget of at rai, Phone ‘ " sa sarees] Suraare vasa ‘Giana —] Goer Wot Soler ana incoms rom Operations [usr ended earenaea] veorended | Yeurendea | Yon endes Sossote | teed, | atsoas | {O220%6 | S005 | Sy 310.2015 Unauate | 32 tauaneay | cudtesy | aed | Avs | ___ ee ee e [sae oasia Breas [sas eae fot eek 2 The Conse Fanci Reus cues hs Ra oh tong Crea ne ote com Sot [eomativad ie of wpany [Shareholding as be aa eae oe “pore ar aces Pm ue “So — sues eases Snuamse PET 7opce 1s 4 tre evvereeuta wer rvewa by tho Aust Cmte a akon an coy urd ts 2 esfing ld on 270 ay. 2018, Fn eee ceropoed ofl divsoael {8 €29 per ony sar ceca la se Heat sarenilars or te yea 2016-45 eo er et preety Amun Goal ang) nan eer ies 3705 * e14b per ey shero lace vals 2.2 nee ange ranci year 201516. tie makes teal ene of 60%. 5 em eft commary Nov cared cate reve of te fancalresut fhe ah ee stexMarch, 2018 «the compar as prod an aroun ot? 1060 850 ng yer and = aro towars fay rene in Pian f Bont Ae7 [STATEMENT OF ASSETS AND LIABILITIES inLacsil andaions Tonaoiated is Particulars Ae at a at Heat 3932016 suoaa0te ) 34032015 (dsl | aus | TB IRGOTY AND LIABILITIES 4 | shareholders Funds a) share Casta 453 194s ne it} Reserves & Suc see79 cesar) 50007 Suibfotal- Sharaholder's Fund saz sea | 51.800 2 [share Appliction Money Returdebio : : 1 = 53 |Non-Current Listes [ey Lang Term Berowros 3957 2a 2987 1288 Jo) Oefared Tex LieDizi (Mat 2ant art 24s 2507 lc yormer Leng Term Lapis ey 360 = ‘380 js ong Ter Promsion are 4508 wr 1504 ‘Subtotal Non Current Lapitios 866 ase sor ass 4 [current Lisbiites Kar Shor Term Bortowrgs ears 7308 erst 7520 Io) Trace Paytie savor} tees pray | 8e5 tener Curent Lables ‘BERD 4088 5587 aos jc) Star Term Proasn ta 2002 2582 Subtotal Current Liabiltios ware | 25888 az JrotaL EQUITY AND LIKBILITIES gente | cease | sears | 84887 8 ASSETS 5 |Non-current Assets Ker ee Assets dees | agate | zea | ona {fo} Goedel an Coneoiaton - ° 3 3 fe) Non Current vests wt oe 7 w ko) Lang TeamLoans & Advances 7033 S734 7088 5753 ‘Bubstoual- Non Gurren Assets soaso | 4eots |) sacsr | 6022 2 |urrent assets fa) Current resents aa - set : fe ivertces soar | tame | tests) 14812 We} Trade Receates Tare | tease | tase | i8538 (ajCamn ana Cash Eauieiets 4,380 1528 10a 550 a) Shot Tor Loans nd Advaneas Tet 2588 7aiT 5500 Other Curent Assis 3 2 173 “ Subwotal- Currant Assets wore | tema | asa | 8888 JroTAL ASSETS fenee | actee | sears | 86887 sue agrestorconvponing orcas paras have been oad rovpa hems Magee OG OT comparable The igyes of iat quater ae oe Cilaring Egutes oetween 2ucted figures i cespect cf the place : Manto! Date £27! Mey, 2016 saancotyeat and the ptahod yer te data Agures upto the ne By Ordar ofthe Board For ndoco Remaaes Ltd vee ar quer ft curart nancial Year Suresh G. Kare ‘ChairmanFORM A ‘Name of the Company Tndoco Remedies Limited ‘Annual Standalone Fi year ended 31" March 2016 “Type of Audit Observation Unqualified Frequency of Observation Not Applicable 5a Ms. Aditi Panandikar Managing Director {cEO) 5 Mr. Sundep V Bambolkar ‘It, Managing Director & CFO 5e Mr. BM. Pendse (M. No. 32625) For Patkar & Pendse Chartered Accountants (Regn No: 107824) Statutory Auditors Dr. Anil Naik Independent Director Chairman - Audit Committee Place: Mumbai Date: May 27, 2016PATKAR & PENDSE CHARTERED ACCOUNTANTS 204, Chartered House, 297/298, Dr. Cawasii Hormasyi Street, Next to Queens Road Church, Marine Lines, Mumbai - 400 002. “el. : 2208 0309 / 2206 0868 / 6522 4568 E-mail: bmpco@rediffmall.com Independent Auditor's Report for annual standalone financial results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, To, The Board of Directors of Indoco Remedies Limited We have audited the annual standalone financial results (the financial statement) of Indoco Remedies limited for the year ended 31% March 2046 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEB! (Listing Obligations ‘and Disclosure Requirements) Regulations, 2015. This financial statement is the responsibilty of the company's management and is approved by the Board of Directors, Our responsibilty is to express an opinion on this finencial statement based on our audit of such financial statement, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting, Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under, as applicable and other accounting principles generally accepted in India. ‘We conducted our audit in accordance with the auditing standards generatly accepted in India, Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements), ‘An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due fo fraud or error. in making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the statement thet give a true and fair view in order to design audit procedures thal are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, 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.PATKAR & PENDSE CHARTEREDACCOUNTANTS. in our opinion and to the best of our information and according 0 the explanations given tous, the annual standalone financial results: (0 are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016 in this regards, and (i) give a true and fair view ofthe profit and other nancial information forthe year ended 31st March 2016 she slateents includes te results forthe Quarter ended 3f# March, 2016 being the batancing figure between ated figures in espact ofthe ful nancial year andthe unaudited year to date figures up to te third quarter of tine current financial yea For Patkar & Pendse Chartered Accountants Firm Reg.\po : 1078240 thts ‘Partner MiNo, 32625 Place: Mumbat Date: 27% May, 2016FORMA 1_[ Name of the Company indoco Remedies Limited 1 2 | Annual Consolidated Financial ‘Staternent for 31" March 2016 the year ended. 3_| Type of Audit. ‘Observation Unqualified 4_| Frequency of: ‘Observation Not Applicable Sa | Ms. Aditi Panandikar ‘Managing Director {ceEO) 5b | Mr. Sundep V Bambolkar ‘It, Managing Director & CFO $c) Mr. B.M.Pendse (M.No. 32625) For Patkar & Pendse ‘Chartered Accountants (Regn No: 107824W) Statutory Auditors 5d | Dr, Anil Naik Independent Director Chairman - Audit Committee Place: Mumbai Date: May 27,2016oO Oo PATKAR & PENDSE . o< CHARTERED ACCOUNTANTS 204, Chartered House, 297/298, Dr. Cawasii Hormasii Street, Next (9 Queens Read Church, Marine Lines, Mumbai - 400 002. “Tel, : 2206 0309 / 2206 0868 / 8522 4568 E-mait : bmeco@rediffmail.com Independent Auditors Report on annual consolidated nancial resus of the Company pursuant te the Regulation 38 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 To, The Board of Directors of Indoco Remedies Limited We have audited the annual consolidated financial results (Ihe financial statement) of Indoco Remedies Limited, ts subsidiaries and associates (the company ard its subsidiaries and assooisies, together refered to as ‘he group) for the year ended 31 March 2016 attached herewith, being submitted by the company pursue to the requirement of Regulation 33 ofthe SEBI (isting Obigatons and Disclosure Requirements) Regulations, 2018. This financial statement is the responsibility of the company's management and is approved by the Board of Directors. Our responsibly isto express opinion on the tnancial statement hased on our audit of such financial statement, which have een prepared in vondance with the recogeition and measurement principles laid down in Accounting Standards prescribed under Section 133 of te Companies Act, 2013 read with relevant rules issued there under, as applicable and other accounting principles generally accepted in India, ‘We conducted our audit in accordance with the auciting standards generally accepted in india. Those standards require thal we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement). ‘An audit involves performing procedures to oblain audit evidence about the amounts and the disclosures in the financial statement. The procedures selected depend on tho auditor's judgement, including the esessment of the risks of material misstatement of the financial statement, whether due to fraud or fervor. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation ofthe statement that give a true and fair view in ‘order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the statement, ‘te believe thal the audit evidence we have obtained is sufcient and appropriate to provide b our aut opinion. We did not audit the financial statements/ consolidated financial statements of two of the throe cubsidiares, whose financial statements reflect total assets of Rs.629.55 laos as al 31% March 2016, tolal revenue of Rs. 336.66 lac and {otal cash infiow of Rs4.01 lacs for the year then ended on that date 2s considered in the consolidated financial statements, These financial statements / consolidated financial statement have been audited by other auditors whose reports have been furnished to us by the management, and our opinion on the consolidated financial statement, in so far as it relates to the mount and disclosure included in respect of these subsidiaries and associates, and our report in terms SoPATKAR & PENDSE CHARTEREDACCOUNTANTS: of sub-sections(3} and (11) of section 143 ofthe Act, in so far as trelates to the aforesalé subsidiaries and associates, is based sotely on the reports of those other auditers Inour opinion and to the best of eur information and according tothe explanations given to us, the annual consolidated financial results’ {i includes the results of 3 subsidiaries and associates i.e. Xtend Industrial Designers and Engineers private Limited, Indoco Pharmchem Limited and indoco Remedies Singapore Pte, Limited (iis presented in accordance with the requirements of Regulation 33 of the SEB! (Listing Obligations and Disolosure Requirements) Regulations, 2016 in this regard; and (i give a true and fair view of the net profit and other financial information Yor the year ended 31% March 2016. ‘The statements include the resulls for the Quarter ended 31% March, 2016 being the belancing figure between audited figures in respact ofthe fll financial year and the unaudited year to dale figures up to the third quarter of the current financial year. For Patkar & Pondse Chartered Accountants Place: Mumbai Date; 27% May, 2016