BSR&Co. LLP Chartered Accountants Sth Floor, Lodha Excelus, Telephone +91 (22) 4345 5300 Apollo Mills Compound Fax +91 (22) 43455399 N.M, Joshi Marg, Mahalaxmi Mumbai - 400 011 India Review Report To the Board of Directors of Styrolution ABS (India) Limited We have reviewed the accompanying statement of unaudited financial results (‘the Statement’) of Styrolution ABS (India) Limited (‘the Company’) for the quarter and six months ended 30 September 2015, except for the disclosures 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 Directors in their meeting held on 4 November 2015. 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) 2410, ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity” 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 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 specified under Section 133 of the Companies Act 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognised 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 it is to be disclosed, or that it contains any material misstatement, For BS R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W-100022 eK Sadashiv Shetty Mumbai Partner 4 November 2015 Membership No: 048648aoe asus Diving Success. Together STYROLUTION ABS (INDIA) LATED [STATEMENT OF STANOALONE FINANCIAL RESULTS FOR THE QUARTER ANO SIX MONTHS ENDED 30 SEPTEMBER 2015 ve ntacs [PRATT Forte Gontar ended For ihe Para ened Tironthe | Preceding ]Corespanding] Yeartocate | Year to dite | Povodenced ‘Snded | 2monne | Sons "| fours forthe | Ggues forthe | 31032015 so0a201s | “ended | ended | cuventperie | previous period | (15 months) ari saneze1s| soooz04 | ondea ended Rs savozors | ooa014 (Gmonns) | _Gmonts) [Unavctes | Unaveind)| (Unaudited) | Uaevaied) | (Unavates) | Audied) 1 ]come Fam operations [jit sabe income For operatons (Neots di) zerese| siaress| —eraarar| coozase| —soassse] 14517195, fs ome opera income. nen | "3674 Sas 65.22 7521 tease fot ncome orn operations fet) weviste| Waseee] —arase7r] —woaeere| ——sastesr> —Wwaenas 2feepenses J Cot ofrow& packing mates cons zasiise| zzeseae| — zasoo4s| a59eaz0 | —asssosr| 11540021 lo pucnases ofstaccinsoce : |} chonges himentors of riened geo ad wekingrocees «iéaren] 69900] ciovoss] — zavesn zzes6] «30400 | Empoyea bone expanse ‘ees | 19307" ‘osaa| ‘2ove70 | rgznor| —“xar88 ) Bepecston ans tanto expose Goras| asc 4450 1908 erro] 20028 fp onerenenses azsoi| szeie| —aasrar| esos] raves] arian Total expenses 759258 | Wass 78| —a602670] —sea0es7 | ——BETORTT | — van 3807 alprott trom operations below ter Income, finance costs and eestionl ems 2) sauzss| 2900s] raszar| azar] zestrze| ase. afeiisrhcane ‘ize | “3538 89 sant 20 02 $fproft rom ordinary activites before france costs and eptonal ems Bd) sasc17| aaa] sszoge| —asorez| —zranas| eo aze.0 « [Pome cots ‘s07| "assr 2987 eae Ssaoa] 126400 5 fprott ram orsinay actvies ater nance costs but before lexceptena! tems (8) sasnso| 2esose] — szer00] —azoree| —azoaar] saat lecepuoal tne Ne NIL Nt Nt NL NL Jr tom orcnary activites efor tax (748) taste szeits| 4aoree| —aznver| —saza2t 18ftm spore (nang tare Ta) “800 iso) 7200 ‘s100] tera fue rent trom ordinary activites ater tx (10) omas0 aaioo| a7sese| —a3azar| 30231 {2 feeraoenary tors nL NI MIL nL cm 13 )set roi forthe pei (11-42) wat Wiss| apes | ——yaz0r| “saat 1afpactor easy ae expt T7056 Tree] iysese] ——t7saso] 175865 [ence wabe fte share 8.10) 1s}pesere excust Revdualon Resenes ee per blanco shoct of pour mina yoo saez201 ‘6}Earsinge per share (EPS nN. la ak ond cuted GPS belo oxorénary tes rhe pod s28| 1020 467 1896 188 2 {ask and gkted EPS ater oxraoinay tars bre gers S23] taz8 aer 1856, pes 1982 SELEST NFORWATION FOR THE QUARTER NO SIK WOW HS EROED 30 SEPTEMBER 27S “monhe | Preceding YearTo dae] Yearle ate] Paoaeneee no ‘ended | Stone ‘igurostortne | sours torthe | 31032015 aaraans | "andes tment prod | previous period | (15 mont) PARTICULARS sooo2ns| sooaaere | endo ended aonoans | so0az014 iments) | (6monte) by BARTICUARS OF SHAREROCEING 1 [ue sraeroking [nunter of snares asseaor| asesa0r | —aas6so7| —¢a6cor] — ¢a0saor] —4aseo7 | Poventage of shaenotfing ele neo 4) ‘2s00%| — 2500%| 2s00%| 25.00% zoom] —“a4996%] ries and Promeer Gu Share Tne ochre wu i niu a ni wa “Bacentage of srs (Sof thoes eharealng of Promaer and Samar fup) wt i niu ra va va Pcortge of shares 669 ofthe tt! share capt ofthe Company) a i i ma | at rn ynonencumberes ‘Nunber f ehares rareozrs| rareozrs | tateo21e] 1269218] sa.seaate| 19.8858 Dorantage ofehaes (a8 2% he ttl harhaling of Promoter and Prowse tu) saocox| roocor] —ra0a0%| 10000] tooo] 00005 _TBhontage of states tana of heal shore capt fthe Company) rsoox| —rs00n] 5008 75.00% room] 002%] Styroltion ABS (nea) Limited Tole: 491 265 2303204 /02 Registered Office VY Ritence Sapa Fox 491265 2303208 ‘Styrolution ABS (India) Limited Tih Foo, ABS Towers GNS125200G!1973.C002436, Oi Pada Roos ‘wr styroutionabainda om ‘sh Floor, ABS Towers edodara 390 007 Gojrat I GaPadra Rood ‘edadrn 390 007 Gat neParivar 3 onthe ended 306037035 INVESTOR COMPLANTS Jenaina te denining ote quater z IRecetes astng te quater lbeposed ef urge quater ‘ Jremaning vresoved atthe ed ofthe quotor : NOTES: |, etStsutory Austor of the Company hoe card a lied review of he reste the quar ended SO September 2015. The ita evew eso des not contain an ‘madtcaton 0” atten |, To abow reste nore reviewed and approved bythe Aud Commits and Boat of Dress te Conpany at her respacte mesings held on 4 November 2015 |, Te operations oftie Company sr in"Hghy Speciiced Engnaeng Tharmepstce’ pment ony [2 win ets wm 1 Atel 201S conser te equeements of Sc Ifthe Ac. the manaperent has ressessd the femsrng vss fe ts fred assets base onan ‘real tecnica entation Acorngy, Rs 1191 Las es been ated ne opening revere fhe Compary in respect of such sets wicee ust ie had become Ni] [2 nat date (aso deere tx coat among a Rs 4123 Lace on fone ase has buen od sed to opeing resenes) andthe akon eprecton forte ayer ended 30 Seploiber 2015 on ase whose stl He as teen reassessed Rs 96 26 Lacs, |, The Boar of Greco of tne Companys meting Meld en Augut 2015 has approved inpdne the Scheme of Amsigsmaon(Sctemd) between Shion India Prat] Ente (SNKihly-omed subsidy fhe Company) a he Company ard thet respeciv shareolies and Coats sujet to appro fal cancemedrequtry bees. A] pe the Serer SIN is proposed tobe evagaated ho the Company, The appointed date ce Scheme 61 el 2018 or such oh da 8 may be approve by the Hh Cou. The Scones subjsto the rouse april at ray be neceteary and szodngy is ot has nt en ecagnzed inthe abo resus js _Sueto change nthe tone yeu tom Janey Decanber Apr-May, the Sues rhe conesponcig Sx rors peo ended 30 September 2014 have een ‘rarouparearenged so as fornahe carnal wn the furs forth iment pred edad 30 Septarbor 2015, “Te queso he previous quae! pote’ hee been eyouped | ease, wherever necessary race: Mumbai For Siltin ABS (nga lowe :« Novemter 2018, Manaing rector lsroution A (cL P IRopstered Ofce tn lo, ABS Towers, OP. Rood, Vadodara 390007 [corsrte crt numer) L252006sT97SPLCED2A36 fet vst 266 2ssee%-23 Fax x61 205 2391012 { lem secseregeyoutonatanala.con Webs: www stydutonsbsindacom wreSTYROLUTION ABS (INDIA) LIMITED Standalone Statement of Assets and Li (INR in Lacs) feat Bs at 30.09.2015 31.03.2015 Unaudited ‘Audited A |EQUITY AND LIABILITIES 1 |Shareholders’ funds (a) Share capital 1,758.56 1,758.56 (b) Reserves and surplus 51,280.11 48,622.01 ‘Sub-total - Shareholders’ funds| 53,038.67 30,380.57 2. |Non-current liabilities (a) Deferred tax liabilities (net) 2,008.71 2,288.73 (b) Long-term provisions 206.12 179.62 Sub-total - Non-currnt liabilities| 2214.83 7468.35 3. |Current liabilities (a) Short-term borrowings 9,761.15 10,987.97 (b) Trade payables 11,373.75 15,001.65 (c) Other current labilies 4,503.78 3,113.68 (d) Short-term provisions 112.28 ‘908.47 Sub-total - Current liabilities| 25,750.96. 29,981.77 TOTAL - EQUITY AND LIABILITIES) 87,004.46 32,830.68 B |asseTs 1 |Non-current assets (a) Foed assets 20,722.51 21,674.74 (b) Non-current investments 10,103.72 10,103.98 (c) Long-term loans and advances 1,598.77 2,693.59 (d) Other non-current assets 18.83, 18.83, ‘Sub-total - Non-current assets| 32,443.85, 3450114 2 |Current assets (2) Inventories 15,420.45 16,241.28 (b) Trade receivables 21,902.24 20,228.28 (c) Cash and bank balances 281.75 ‘500.90 (4) Short-term loans and advances 10,823.83 11,317.83 (¢) Other current assets 492.36 151.26 ‘Sub-total - Current assets| 46,560.63 48,439.55, TOTAL - ASSETS| 7,004.46 82,830.69 For Styrolution ABS{fndia) Ltd. M.9/€Ki Menaging Director Place: Mumbai Date : 4 November 2015 / wv