GURU & JANA LGAARTERED ACCOUNTANTS LIMITED REVIEW REPORT Review Report to The Board OF Directors Marathwada Refractories Limited We have reviewed the accompanying statements of unaudited financial resuilts of Marathwada Refractories Limited for the Quarter ended 30% June 2014. Management is responsible for the preparation and presentation of this interim financial information and have been approved by the board of directors of the Company. 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 Statements" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures, A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion Based on our review, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of clause 41 of the listing agreement including the manner in ‘which itis to be disclosed, or that itcontains any material misstatement. For Guru & Jana Chartered Accountants Firm Registration Number: 0068268 Neelima J Partner ‘Membership No.:222625 Place: Bangalore Date; 8 August 2014 41, Patalamma Temple St, Basavanagual Bangalore - 560004 | +91 80.42 202020 | wwwgurujana.com-MARATHWADA REFRACTORIES LIMITED Registered Office: #4, Vital Mallya Road, Banglore 560001 (CIN: L26300KA1979PLCO6LS80) ‘UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED 30TH JUNE 2014 Parca Ney [1 far Nar SaoraSane ram Opsaon () Otser Operating Income 2 JBspenditare Jo ocease) / Decrease Sock in Trade 5) Coesumpson of a mate ) Purchase of rae gods a Employees Cost Je) Depesaon py Profesor Charges le tising Fes Jb) Advertisemest & Publicity J SEB Seilenent Expenses ) Auors Remuneration lb ots [rota expenses 5 [Proiuttas) rom operations before other income, lacerest i excepdona items (1-2) fore income ro store nest exceptional items (34) ees, Provan icterest bu fre exceptional items (5-6) certo tems Jot ram Orcinary Acivites before tax (78) [rsx Expenses 11 fNec Prot rom Onsinary Actives fer tx (9-10) 12 Jc items (net tx expenses) 13 [Net Post tebe prog (11-2) 14 fPaidwp Equity Share Capital (Face Valo Rs. 10 Per Shae) 15 fReserve exaadng ovation reserve as per alc sheet, 16 fast ana Died Earing Pex Shae (EPS) Js etre cxraosiny tem Jane exracedinagy tom Par PT [ele Stare Fotis | Number of Stars Parentage of Sharebolding() 2. Jromeses and promoter group Sbarcolting sPledgearncunbeed Number of shares * Number of shares Soup) fo Non encumbered Number of shases Kero) Percentage of Shaests % of to sharehoing of the Prot Perentage of Shares # % of total share capital ofthe company) Percentage of stages (0 96 of total sharchoiing ofthe Promoter = Percentage of Shares a % of total has caitl of th pany) [Faron Tonia ended OSTOTE Naver Compara Pending ote begin oe ua we [Rectved dang te quater Ni Disposed of dung te guar Ni [Remaining unesolved the end OF Re quae Nic os 1 revi by sty autos ofthe Company. 3. The Company as only one reportable epmest and henoe Accounting Standard AS-17 “Sepment Reporting” ised by Insite ‘Chaered A2coustans of Init ICAD is ot appliabe 4+ Figures have been eproupedearanged Whercier neces. Bangalore Date: oss014 (oe Mariweda Refiasories Limited "The above resus have oe taken om resid by the Board of Diectrsin tee meting held 08082014 and subjected iit