SR. BATLIBO! & Co. LLP Sacer te Seterione ‘Crartared Accountants Gtipgon 22 coe, Hae rana, ne Tel 2191 124 4542000 Fox 2051 124 404 4080 Limited Review Report to The Board of Directors of ORIENT PAPER & INDUSTRIES LIMITED 1 Paco: New Delhi Date: August 05, 2015, We have reviewed the aocompanying statement of unaudited financial results of ORIENT PAPER & INDUSTRIES LIMITED (the Company’) for the quarter ended June 30, 2046 (the Statoment),except for the cisciosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from the disclosures made by the management and have not baen audited by us. This siatement is the responsiblity of the Companys management and has teen approved by the Board of Directors. Our responsbilty isto issue a report on the Statement based on our review. ‘We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial Information Porformad by the Independant Aucltor of the Enlity issued by the Institute of Chartered Accouniants of india, This standard requires that ‘we plan and perform the review to ddtain maderate assurance as to whether the financial statements are free of material misstatement, A roviow is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance then en eudit. We have not performed an aucit and accordingly, we co not express an audit opinion. Based cn cur review conducted as above, nothing has come fo our attention that causes Us to believe that the accompanying Statement of unaudited financial results prepared in accordance with recognition and measurement principles laid down in Accounting Standard 26 “intenm Financial Reporting’, (Specified under the Companies Act, 1956 (which ave ‘deemed to be pplicable as per section 133 of the Companies Act 2043, read with rule 7 of the Companies (Accounts) Rules, 2014)] and other recognised accounting practices and policies has not cisclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement incliding the manner in which itis to be disclosed, or that it contains ‘any material misstatement \Witrout qualifying our conclusion, we craw attention to Note 2 regarding non provision of water tax demand amounting to Rs.3957226 lacs [including inlerast and penalty of Rss. 30163.40 lacs) against which the Company hes fled writ potion with the Hon'ble High Court and cbtsined an interim stay on the recovery, as mote fuly descrited tnerein Pending final decision in the matter, Rs impact on the financial resuts 's presently not ascertainable end accordinely no adjustments eré considered nacossary at this stage For $.R. BATLIBOI & CO. LLP Firm Registration No. 301003 GHARTERED ACCOUNTANTS Ga Per RAJ ABRAWAL Parlor Membership No 82028@ckeirra croup | QRISNT ORIENT PAPER & INDUSTRIES LTD, Rend. Office; Unit Vl, Plot, Brolnagay, Bhubanaeaar 75404 Telioararas030 o7ae7 es Ewaltyeper@evilbbsr ‘att: L2101401936.c000847 ‘Unaudited Financtat Rests for te Quarter ended 30th Juno,2016 Retnizee Bs Portleutare ‘Gusiier ended ‘Year Encee] Wo. sopazae_ | stas205 sroszete| [(nauaited died) [toute amet [Reto ot ‘aveeas | 6723573) ao s06 91) 175,11879 soe743| 526532| 276233] __ 19,7852] (Net Balesinooma Won Oporaione “aissesz | Goe0ast | Se,tetee | 162007.08 {@)Oiner Operating come. ‘quoxz|_a3sazi| tigsea| 4589.55, ota income rom Oporations Wet) wasrasa| 60.3082] 99,9092] 165.806.10| F [Pxpenatiore qaoeay | 5497273) 41,770.42 106,795.97 a) increase (9! decreas (+) in Stock In trade and werk rosrass (1ts209) — ssvsos) (2.0887) 044 7a | Purchases Traded Goods Go7eae| 7.9008 | 67207) 2aaTaes. ck Coneurmpten of ow matorials zatre02| 1e30084| 76,536.25, () Consumption of teres, Chemicals & Spares ‘urtosa| 197tei| tjesaes| 740864 le Pewer & Fu zasesi| 290211) 11,998.78 |i Employers nancris expanses 4g6265| 401176] 16,518.25 ld) Peeking, Froight & Forwarding Charges zarsss| 291845] 22az01| 9683.22 0) Depreciation satsze| —iisiaa| e509] 4.37005 oiner experts aptass| —aeoasa| 6 7erza| 19.99050 Psi oss ron preter ats Oar neon Fase meet] 33t29) — (46t20)[ (1,880.57) leat tax (1-2) 4 Joma income ease 904.2 assed 2014 9] 1 [Prot thoes) botora Finance caste & tex 48) oan.ae| 4238.68) @287.2) 164.42) 6 [Fmance costs t29032| 122330] 10005] 4077.99 3 |prott (Lose fons Ordinary Acts before tax (68) 20.98, za0235[ Gas8a| 21087 1 [raw Expeneo/ (Creal) - aszaas| _ c412948)| (1.24056) ‘8 |Net Prot! (Loss) from Ornory Activites ator fox (7-8) Ti6.35)| 1,867.89] (2220.45)| (2,065.02) 1» rit eny ene capt sn apr anv 2008.73] 204073] 2.08879) 204879 11 Reserves oxoluaing Revaluation Resorve 9720688 AZ |[Eoming per share (EPS) (Face valuo of Re./-oach)) Basie oiuies (0.29) ost 1.09) 1.40) [Parr [a [Partouiars of sharenoting + |Aggregate of Putte Sharenetaing “Number af shorse pe.ss0.08 | szoss06s0| izesaqese | 126.598.858 Percentage of shareholding si7rs| _ei77%| 61.77% i774 © [Promotors ana rromotar Group Share Holding 5} Pldged /Eneunterea ‘Nurbarof shore e erconlage of shares (28% of ho toa! shareholding of prometer and promoter group) “ . Percontage of shar (5 of ha toa share capital of |_| _trecompery) = . lo Now: Eneumborea TNumbor of sates yeaaver2| rsszaonx| ras2e922) 70.500022 Percentage of shar (9% af ho total shorahoiing of prometor and promoter arcus) 400.00%4| —t00.00%] t00.00%| t00 00% Perontga ot sheroe (a oe eal sro cata of | | trwcompan seary|___se2su| 38.23% sas [7s | “wwecter complaint “Simonths engos TOTTI | ning atthe boginring af TNO Guater ni Recalvad daring the quarer Ni Diaposed of during th quarter Ne Remaining unresolved 2 the ond ofthe quaror ifuotes = | Limited Roview of tho shove quarterly resis hes been care ou by the statutory autor oft Company ‘2 Preston agent demand for Wator Tax, which nad been rofetod te by tha audlters In tele rport on accounts forthe year fet March, 2018 hes been made tothe extent of tabiity sentind by the Company forthe getiod vp to Apr, 2008. the pio] prior te naw agraeman!etlectiva Yor ty, 2009) estred Into withthe Weter Resources Deperrnen. Ageins tho halorce demand of Ri. 39.572 28 les (eluding campaindod ifort & penalty of Rs. 99,163 0 lacs), tho Company Isa fod welt patton wits tha} Hone High Court and has ebtained anton stay forte recovary. Fuh, the Company as heen legally edvised that it hes af fase for cuashing the sald cemand In view oF above, no provision considered necessary 1 Taxexpemses / east Include deferted lox ani income Tax pad sfued In rospoct of ease yoas 4 Tete ware na exceptonal end oxteorlnary nis during the quartor ened 20th Jane 2015, 6 Previous porod figures have Haan ragroupe!reartenged wherovor necessary. 6 Tho figres forthe quartor onded 31st March, 2016 ¥o the balancing fqutos between suited figures In reapect ofthe fl nonce {ou aned3¥st March, 2048 athe unaudited pus ed yoar0-dataigures upto Stat Cecamber, 2014, cing the end of to tr [quar of the previous linaaclal year, whien ware sutjatod toa Timited revlon. 7 The cbovo rosuits wore rovowl by the Audit Commies and thon on record by th Boat of Directors ofthe Company et thelr {enpoctive mootings nals om Sh August, 2015, ‘Soamentwise Revenue, Results nd Capital Emolayed under Caves 41 ofthe Usting Aaroomant ‘Re. tn isco) si Panniien box ___Guatier Ended "Yeor Enea Ne. [seseaoig | stenzeis | sa (Uiaudted) | (aueites) | {Unaudited (uo) 7 ]Seqment Revenne= 2) Papor k Board saszosz| izee7.a1| —tyo0084| —47.01479 1) Election Consemae Dura reze9s| assaura| 2g092.54) 11880400 others 110.67, “ora7 136.04 ‘525.61 Fetal 4297086] 6Ba0a.42| 990022] 166e86.40 Loss :Intor Segment Revere Z e i [et Slesirceme om Oporatons| Waass| —sasuai7 | 39,309.22 | 108.a60.40| 2 | scorn Rosuns : (Prot Loss) hotore Finance costs ‘8 Tax rom oaeh seat) = ‘Paper sid Anlst (osrem) — aor29)—aasts) "Belo ross) “anes 65.13) (resas)| (sone) 77629] ty Elsctea! Consuner Dubs sov2| —(14029| 452075 jomers (94 070 1740 ‘ot gazes | [igen] T0898 te 1D Finance Coats y2m%0| soanes| 437790 (2) oer uvatoesteaxpananuo ett on ese core err sse2| _soso0| _oos.s4 prone (8s tow Tax (e1986)| 290288 | aasaen] ans.) 7 [esata emoeyed = 2) Poper& oar zeias2| soso] «zooms | aass0et I) ebectiet Conouner Dares wimess| 3020 | 2076075| 3548020 soners. ‘eseo| —tr77| ‘ts004 1377 [ai | gammass | ya9578 | reon.s7 | 7ase8 * Seo Spm HET ton op ATO Vor Orient Paper & Indutries Ltd: NeW ELH WAS By Order of the Bear ‘gust 052015 NOS teronens rarer’ansousrnies 10] ing Dircaor * sone! MLL PACHESIA) (maneging vet]