B. K. Kapur & Compan’ 17, NAVYUG MARKET, arate aurea pany. GHAZIABAD ~ 201 001 To, Phones : 2790047, 2790951 LIMITED REVIEW REPORT. ‘Uttam Sugar Mills Limited Village Libberneri, Tehsil Roorkee District Haridwar Uttarakhand L We have reviewed the accompanying statement of unaudited financial results of Uttam Sugar Mills Limited for the quarter ended 31" December, 2014 exeept for the losures regarding ‘Public Sharcholding’ 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 Ditectors/ committee of Board of Directors. Our responsibilty is to issue @ report on these financial statements based on ‘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, This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and an analytical procedure 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. Without qualilying our opinion, we draw attention to note no 5 regarding losses incurred by the company leading to material uncertainty about the company’s ability to continue as going concern, however management believes that the going concern assumption is appropriate based on mitigating factors, as fully described therein .Accordingly, the financial statement has been prepared as a going concer basis. We draw attention to note no 6, the State Governments of Uttar Pradesh and Uttarakhand has announced subsidy for Sugar Industry for season 2014-2015which is linked to average selling price of Sugar and By Products during the period 01.10.2014 to 31.5.2013.During the quarter such subsidy amounting to Rs 1658.68 Lacs has been recognized by the Company based on the present and expected likely average selling price and is hopeftd to realize the same. We are unable to comment on the extent of recoverability ofthe above subsidy and its consequential impact on these results. ue5. Based on our review conducted as above, except for the possible effect of our observation Stated in para 4 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 Clause 41 of the Listing Agreement including the manner in which itis to be disclosed, or that it contains any material misstatement. For B.K.KAPUR & CO., Chartered Accountants, ea (W.S.KAPUR) F.C.A. Partner. M.No.74816. Place : Noida Dated: 14.02.2015Uttam Sugar d Regd. Office : Village Libberher, Tehsil Ro Haridwar (Uttarakhand) CIN : L99999UR1993PL0032518 Tel|No.0120-4525000 Website - wuw.uttamsugarin, Email ID - investorrelation@uttamsugar.in Unaudited Financial Results for the Quarter and 6 Months Ended 31st December 2014 Thos Sionths | —T Wont Shion ai Facies tended Endod ‘Endod tended iM ta20%4 | s00az014 | 34.12.2073, 42209 Unaudited | —Unauaited | — Unaudited Unaudited 1 [Income trom Operatons Net Salestinoome from Operations (Nét of Excise Outy) 2ayras sets 20654 238,500 38073 ther Operating Income sr 8 148 ‘6 172 [Total ncome from Oporations (Net) a2 12888 20,02 37,556 38,245 2 [Expenses st of Material Consumed 18.105 10.309 anges in Inventories of Fished Goods, Werk-n-Progress 8.503 B82 ployee Bonetits Expenses ‘60 a7 prevaion and Amortsation Exoenses 500 azz ©} Otter Expenses 11882 1879 ‘otal Expenses 27,010 22098 3 |Protiu(Loss) from Operations before Other Income, Finance Cost tems (1-2) “ INet Profil(Loss) trom Ordinary Actvtioe after Tax (2-40)Paid un Eaity Share Capi 2 Value of Rs. 10/-each) setsat 381381 3e138 381381 31361 setset 13. [Paid up 6.5% Redeemable Preference Share Cop ‘sia e089 eae pa pe sn “ 1mable Proference Share Capital (Face Value of ae ea a isn one Sa 18 [Reserves excusing revaluation reserves es per balance sheet of . © Jervious accounting year ponrea 6 ees) (28.65) A | Particulars of Equity Sharcholding 1 | Puie Shareholding No. of shares 9524835] 9534535] 9534535] 9524535] 9534535] 2634536] Percentage of shareholding 25.00% 25.00%] 25.00% 25.00% ‘25.00% 25.00% 2 | Promoter & Promoter Group Shareholding 2) Pledges / Encumbered = Number of Shares 344170] 2484179] 94504 4170} oasoseq sasare] - Percentage of Shares (% of Teal Shareholding of Promoter & eens 12.10% 12.100 ean 12.18% 68.00% 210%] - Percentage of Shares (4 of Total Shere Capital ofthe Company) ona wae olny Se) ons ah ) Non encumbered Number of Shares eo orssias] ——_asisaets| s1ssia3] ass t9ang - Percentage of Shares (% of Total Shareholding of Promoter & nes e7.82%| er82x| 2.00% a7a2s| 32.00% 87.82 Percentage of Snares (of Total Share Capital ofthe Company) S525 aa ae Sen Investor Complaints Pending atthe beginning of the Quarter Receives during the Quarter Disposed off during the Quarter Remaining unresolved at tho end ofthe Quarter YeUttam Sugar Regd. Office: Village Libbether, Tehsil Roorkee, Dist, Haréwar (Uttarakhand) CIN: L99999UR1993PLC032518 Tel.No.0120-4525000 ‘Website - www uttamsugar.in, Email ID -investorelation@uttamsugarin Unaudited Segment Wise Revenue, Results and Capital Employed for the Quarter and 6 Months Ended 31st December'2014 s.Intacs) VV RC eel a Ended ‘Ended. Ended Ended Ended Ended Titaz018 | —aoas2014 | 31.12.2019 | —si.122078 | 3i.r22013 | 30.08.2018 Unaudited —| Unaudited —[ Unaudited [Unaudited | Unaudited ‘Ausited 1. [Segment Revenue a) Sugar 24535 12489 37.024 37.820 85,520, l) Cogeneration 1738 19 1755 1080 6735 le oistory “sr 522 969 480 3578 [Totat 26,708 13,040 38,748 39,369, 95,894 Loss: inter Segment Revenue 2,008 186 2.192 1144 8673 Net Saleiincome from operations 24,702 72854 3.556 30.205 7.164 2 [Segment Results -Profil{Loss) before Tax and Finance Gost la) sugar 2700) (6.890) 2084) Ib) Cogeneration 555 23 7 Je) Disttory 198 129 58 Frat — e029) (6338) (259 ladaitess: 9 Finance Cost 1,982 3.922 3708 8} Other Unallocable Expenditure nt off 249 458 354 [Proi(coss) before Tax aa) (70,728) es27 (2.015) 2 [Capital Employed (Segment Assets - Segment Liabilities) Js) sugar 37.851 s1516 38976 37.861 35,976 s9,984 lp) Cogeneration 9378 3.408 10924 9376 10.324 ai J) Distiery 9.024 8.263 7917 9.024 7317 8775 4) Unatocable 100 104 132 100 132 368 Tota 6,354 ears sa38 36361 B38 e019 ye‘Statement of Assets and Liabilities ® ‘Short Term Loans and Advances ‘Sub Total-Share Holder's Fund Sub TotalNon Current Liabilities ‘Sub Total-Non Current Aseate ‘Sub Total- Current Aseots TOTAL-AssetsNotes: $ Suserbeing a seasonal industy, the perfomance of the quarter may not be representative of tie annual pernmance of the Company, ‘ove have boon regroued anc rec erever necessary. rc eure fe cent pete However, the managements hopeful athe conn woud ben poionogoerte nancial results have been drawn up on the going concern assumption, raven fie Season 2014-2015 kinked to average Selin pc of sugar and by-products ding re parod st ‘ecoaniead sin sbi anuning o RS.1ESBE Lacs, based onthe reve and expected Maly averepe Soul © The Govt of Uta Pradesh & Utraxnand hes anno Odiaber 2014 to 31st May, 2018, During the quater, the comp rico and is hopeful o realse the same For Uttam Sugar Mills Limited 2 Plc: Noida imar Adlakha Dated: 14th Februmy 2015 Managing Diector