ey tips.in February 11, 2016 To, | To, Listing Department, Listing Department, Bombay Stock Exchange Limited National Stock Exchange of India Limited | PJ Towers, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 ‘Mumbai - 400 050. Scrip Code: 532375 Symbol: TIPSINDLTD Subject: Outcome of the Board Meeting. Dear Sir/ Madam, This isto inform you that the Board of Directors of the Company in their Meeting held today ic February 11, 2016 approved the Unaudited Financial Results and Limited Review Report for the ‘quarter ended December 31, 2015. Kindly take the above mentioned document on your record and oblige. ‘Thanking You, ‘Yours Faithfully, For Tips Industries Limited as age Bijal R. Patel ‘Company Secretary Encl: as above TIPS INDUSTRIES LTD. 601, Durga Chambers, 6th Floor, Linking Road, Khar (West), Mumbai 400 0: Tel. : 6643 1188 Email : response@tips.in Website : www.tips.in CIN: L92120MH1996PLC099359(wacky tips.in ‘Tips Testis Lt faRTT Tees nas eat fo aria sare Gt) Unauded Fanci Results or he Guat Nine Month Ended Hat December 3016 “Gunter Ended ‘Nine Mort] Wine Wanth ear Enea ‘Ended | Ended ca Panicaars TRE) AGE EM Hae] eA (Wesctioa| eiousted| cnscates| (Urevates| (Unaustecy| aut °F [neon Fam Operations et ees name rom Oprstons tamaao| 120088] sores] sacras| —e2r4a0| rozas:0 1) omer Oseang cone : ‘ ‘ Total ncome trom Operations Nat Taam | Tao | —earwe] —sarae | ata] ToS fay expenses jo Con afnaaras creamed ae oa] a7 777 Sages venaan ST HAPRST BSE, WTS = = TE 7 a [rome nd econ Eioyeos Boral Expenses wast] jae] ase] aa | ara fa bapeisan we] ao] aaa] Tea 128] Far [costar romion Dan Te e730] — 33080] —zeeas | —joasas| amar] — area Ta wire] —_aa3e] — zane] Tas] ae] aa ial pena ‘Benea | Tekat | —vaKa0| —zsiz08] ares] aa fia Fon Operator cerns tance | 50] WIESE] TERT] —TT0EST] Ras] aROe excepna tas (1-2) [afore incon wero] Tis] sas] 0 Tse] ee [a om a aes Dae Wane TE wie) sisor| waaay Tsao] aT] TES [zcetnal me (Se [a Fares oer a a wa] I oto rina acta tar raner corer 7 a a betes Exceptional tars (6) i [Eeena ams - Ta [a [Rennes om rey nee ar > | S51 | Tea? | — gana] See] ——tsr798] ara [area wai] —se| gira] ae mex | war al [Suen a aai| aoa] iro] reat "isa | wera 9) [be (See PO : z 730] Piet ose fom ean eames Ae TORT@] TET) Tae} — Goa] — Beas] Toss] —aeeat fat [ta cay tars att Tax apa] z = = Ft Potts) forthe poe T= TT Wes10) tenes | — Goan] — aaa | Tanase] — aes [Fa [Fam-Ue ane Share Casta Tar wach Fay pa] ——TSS6D] TRIER] THEW] TEGO] —Tsa8] Tae [aT [Resone_Ercoaing Revahton Rewer pay = Tae lesan het of previous accoantra you sy [mings Po share bor extraordinary Kamay fear a oa Ta] 105] aoa] tar oy a7 5c earings Per are ar ear Ramey ia] TH] 33} aon] 8 ae Te TIPS INDUSTRIES LTD. 601, Durga Chambers, 6th Floor, Linking Road, Khar (West), Mumbai 400 0: Tel. :6643 1188 Email: response@tips.in Website : www.tips.in CIN: L92120MH1996PLC099359Segmentnise Revo, Results and Capital Employed. tips.in ‘Guar Era Tina moh] — Wine want Year Ended ee Parca TE | a] ae | arias | — aries | Sra = reece (nauatia| teutec| (uravatee| (Ureusiea] (ace) 1 [sepa Raven [ose Pedicl Sos Te Woes] wuss] saree] aero] eases | aaa Fin sre Poaacion RET wrace] seco] | 5008] —rawes | tors Revenue rom Opanton “rose| —taness| —eav8u| —seorae| ——aataan | wanes | Seament Resa [tLe BARS TA Ta a Pea wa | Tis | ew] a] a a “Fin Dae TPIT ero] @77a] reso] —_earoT] 13280 | Taos Teer rast Ne Bide] sana] — seta | — TT een | Trea Less Ursa capa Expenres at arse] Toner] 9877] — eee. ‘aa | 77450 lnaboada corporat ote [Pre Lose (before Tax east | sear | — Gana] sano] Ta | a 3 ial Emeored [Sant Aas EAT TRSTRS Tas POE ase] ae] Tae] ee Tee] sae Fin ORR Tasiess| iasarat | saarse | apres | ears | — ies aati Corporate ast aes Eaten] “EsROH| —Gara7a) eaten] teaaeTa] — GRAD] oar va0srs | 7azs2| ravers | —raosTs] —— 7a7e7e | Taaaae TIPS INDUSTRIES LTD. 601, Durga Chambers, 6th Floor, Linking Road, Khar (Westy, Mumbai 400 052 Tel. 6643 1188 Email: response@tips.in Website : www.tips.in CIN: L92120MH1996PLC099359xg tips.in “The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at there respective meeting held on February 11, 2016, are subjected to Limited Review by Statutory Auditors, Considering the nature of business carried on by the company whereby revenues do not necessarily accrue evenly over the year, the results of the quarter may not be representative of the result for the year. As such, the result of the current quarter is not comparable with the result of corresponding quarer. ‘The Company operates in two segments ie. Audio/Video Products and Film Production! Distribution Rights. TTax expenses have been provided based on the rate applicable for minimum alternate tax (MAT) The provision for tax (including deferred tax) will be accounted at the year end based on financial results forthe entire year. During the quarter ended December 31, 2013, the Company has made a representation to the Central Government with respect to the excess managerial remuneration paid for the period June 1, 2012 to ‘September 30, 2013 and the required adjustments if any will be made on the matter reaching finally. The Company has paid remuneration to Directors in excess of the limits specified under section 197 ‘and 198 of Companies Act, 2013. During the quarter, the Company has made a representation to the Central Government with respect to the excess managerial remuneration to be paid for the period June 1, 2016 to May 31, 2018, In accordance with the provisions of the Companies Act, 2013 and pursuant to the public ‘announcement for the buy-back made by the Company on November 18, 2016, the Company intiated aa buy-back plan on November 26, 2015. Under the buy-back plan, the Company has extinguished 2611 equity shares for consideration of Rs. 1.63 lacs, the effect of which has been given in the books of the Company in current quarter. ‘The Previous period's / Year's figures have been regrouped / rearranged wherever necessary to make it comparable with the current period. Place : Mumbai Kumar $ Taurani Date February 11, 2016 thairman & Managing Director TIPS INDUSTRIES LTD. 601, Durga Chambers, 6th Floor, Linking Road, Khar (West); Mumbai 400 052. Tel. : 6643 1188 Email: response@tips.in Website: www.tips.in CIN: L92120MH1996PLC099359SSPA & ASSOCIATES Chartered Accountants Ist Floor, “ Arjun”, Plot No. 6 A, 'V.P. Road, Andheri (W), : ‘Mumbai - 400 058. INDIA. ‘Tel, : 91 (22) 2670 4376 91 (22) 2670 3682 Fax : 91 (22) 2670 3916 Website : wwwisspa.in Review Report To, The Board of Directors Tips Industries Limited 41. We have reviewed the accompanying statement of unaudited financial results (the Statement’) of Tips industries Limited (‘the Company) for the quarter ended December 31, 2015 and the year to date results for the period April 1, 2015 to December 31, 2015. This Statement isthe responsibility ‘of the Company's Management and has been approved by the Board of Directors in their meeting held on February 11, 2016. Our responsibility is to issue a report on these financial statements based on our review. 2. 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 provide less assurance than an audit. We hhave not performed an audit and accordingly, we do not express an audit opinion, 3. Attention is invited to note no. 4 regarding provision for tax (including deferred tax) which will be finalized at the year end. 4, Based on our review conducted as above, except as stated in the para 3 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the applicable Accounting Standards specified under section 133 of the Companies Act 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 including the manner in which itis to be disclosed, or that it contains any material misstatement. For SSPA & ASSOCIATES mx Chartered Accountants G EASON Frm Revstation No.131069W Parag S Ved Mumbai February 11, 2016