Khilnani © Associates CHARTERED ACCOUNTANTS Limited Review Report The Board of Directors BFL Developers Ltd. 1, Taranagar, Ajmer Road, Jaipur We have reviewed the accompanying statement of unaudited financial results of BFL Developers Ltd. for the period ended 31% Dec. 2015 except for the disclosures regarding “public shareholding’ and “promoter and promoter 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. Our responsibility is to issue a report on these financial statements based on our review, We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statemonts issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whettier the financial statements are free of material misstatement. A review is limited primarily to inquirles of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion, Based on our review conducted as above, nothing has 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 including the manner in which itis to be disclosed, or that it contains any material misstatement. Ff Khilnani & Associates Place : JAIPUR K.K. Khilnani Date : 21-01-2016 Partner M.No.072736 Certified — Copy Gil, Park Saroj, R-7, Yudhishtir Marg, C-Scheme, Jaipur-302001 (Rej.) Phone : 91-141-4060415-410-405 » Fax : 81-141-4060420 + E-mail : khilnaniassociates@gmail.comBFL DEVELOPERS LIMITED Regd. offen, Teranagr, mer Rowd 2 ‘emai Midevstpers acm Ph 44 9214018677 Websltorwer idealopars.com ‘cn, Uszounss095pLco10686 Te so a woe iy At cate i gpd era! Bias true 2) That tn bow copied w coin a Acting Snes AS 2 3B Mitoweatpoior atta boragnsed on one yer i an on aco iene 2 i i | zox| gz] dul wel zat : aa|_ge eee Jo 3) |e i S| a] s s| a 3 7 a) ie] ae sat oh 5 eer wy a3) aa] eis qe is) sa] at sf grwnee dame mediate eretrm fra el owl al al el og es Ce tm exert etn = ax esl cel al axl a i 2 sl al sala) TST TT SRT eS | ras a evecare : ren cosa ange] aml aan aon] amie a ed zea) us| us| ma] ee] fis fmt paetwernsentsmntnetvmmnirme | “} LM NL aT gerne shes cela cael ee pe) a " ma uw a *) Ita o asa | asgme| scan] Lega | i700) zen Peete usiuoeesccmnesnoee | nies Sere eet reel Susana. aaa ae] ae] el eel ele orient fect ean tee eae ff see ee net Sa © a czar: Ee a Ee fic el [ese | fame aa eres. (ieee a « fame men erie Eee «| my cal gd mq 83] Re cn = eo fee |stats)