J TRANSWARRA TY FINANCE LIMITED ‘TFL\SEC\2016-17 24/05/2016 The Manager, ‘The Manager Corporate Relations Dept., Listing Department Bombay Stock Exchange Ltd., National Stock Exchange of India Ltd. P.J. Towers, Bandra Kurla Complex Dalal Street, Fort Bandra (East) Mumbai- 400 001 Mumbai BSE Scrip Code : 532812 NSE Scrip Code : TFL Dear Sir, Sub: Outcome of Board Meeting on held 24.05.2016 With reference to the Board meeting held on 24.05.2016, we would like to state that the Board has approved the audited financial results for the quarter and year ended 31st March, 2016. A copy of the approved audited financial results along with Form A (Standalone accounts) and Form B (consolidated accounts) and Auditor's Report is enclosed. Kindly note the same take on your record. ‘Thanking you, Yours faithfully, For Transwarranty Finance Limited \ ae Company Secretary Encl: as above CIN : L65920MH1994PLC080220 403, Regent Chambers, Nariman Point, Mumbai - 400 021. # Tel : 6630 6090 / 2204 7965 Fax : 6630 6655 / 4001 0999 « e-mail : mail@transwarranty.com « website : www.transwarranty.comSTANDALONE ‘CONSOUBRTED. asar_[_asat_—|—asar_| Asa PARTICULARS Siyospanis | syoapois | siyex/a0%6 | sarees by Reserves ane Srp aze.02| 3272] 30ses| 306008 3710.08 | 5.60578 | sabia | 5.54100 ‘a2as| 57286 207] r70) 6.00 693 333] 33039 900] araas | 196.39 a7 an] oo : ms 9s soa] 11740 Bi ses| 207 Sub Total: Curren bites isos| ——wass0 | —aass.59 ‘TOTAL- EQUITY AND UABIUTIES 76 Oran on bat of th Board a Yirarnae Managing rector Powne-co5es raBay TRANSWARRANTY FINANCE LIMITED FORM A (Standalone Accounts) [As per Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015] T,__ | Name of the Company Transwarranty Finance Limited 2. [Annual financial statements for the | 31* March, 2016 ear ended 3.__| Type of Audit qualification Unmodified 4. | Frequency of qualification Not Applicable 5. _ | To be signed by — © Kumar Nair 3 Managing Director a +) Mr. U. Ramachandran L CFO (Smee * Mr. Gautam Divan Partner Membership No. 6457 WGI Rahul Gautam Divan & ee STN Associates £ canarerco 39'S) Firm Registration Number: a \ jeep 120294W Cd UBS * Mr. Sudharsanan Nair Independent Director (Audit Committee Chairman) (oa Ve CIN: L65920MH1994PLC080220 403, Regent Chambers, Nariman Point, Mumbai - 400 021. © Tel : 6630 6090 / 2204 7965 Fax - 6630 6655 / 4001 0999 ® e-mail : mail@transwarranty.com # website : www.transwarranty.comRAHUL GAUTAM DIVAN & ASSOCIATES Ee Chartered Accountants C/o MIDSNELL, 134 Mittal Tower ‘C’, Nariman Point, Mumbai 400 021, Indi Phone: (+ 91-22) 6632 4991, 6632 4992. Fax: (+ 91-22) 2287 5974, E-mail: rdivan@ vsni.com INDEPNDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF ‘TRANSWARRANTY FINANCE LIMITED 1. We have audited the accompanying statement of financial results of TRANSWARRANTY FINANCE LIMITED (the “Company") for the year ended 31" March 2026 (the “Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This statement, which is the responsibilty of the Company's management and approved by the Board of Directors, has been prepared on the basis of the related financial statements which is in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder as applicable and other accounting principles generally accepted In India, responsibilty is to express an opinion on the Statement. 2. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those standards require that we comply with ethical requirements ‘and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement. ‘An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statemer including the risks of mater The procedures selected depend upon the auditor's judgment, misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company’s preparation and fair presentation of the Statement in order to design audit procedures that are Sppropriate for the circumstances, but not for the purpose of expressing an opinion on the GHectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting festimates made by Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 3, Inour opinion and to the best of our information and according to the explanations given to us, the Statement. i. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015; and ik givesa true and fair view in conformity with the aforesaid Accounting Standards and other ‘accounting principles generally accepted in India of the net profit and other financial information of the Company for the year ended on 31% March 2016. Associated Firm: Chandabhoy & Jassoobhoy 605-607 Silver Oaks, Paldi, Ahmedabad 380 007.RAHUL GAUTAM DIVAN & ASSOCIATES 4, The Statement includes the results for the quarter ended 31 March 2016 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the end of the third quarter of the current financial year which were subject to limited review by us. For RAHUL GAUTAM DIVAN & ASSOCIATES Chartered Accountants (Firm’s Registration Number: 120294W) oy GAUTAMBIVAN Partner ‘Membership Number: 006457 Place; Mumbai Date : 24May 2016Fg TRANS WARRANTY FINANCE LIMITED FORM B (Consolidated Accounts) [As per Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015] T. | Name of the Company ‘Transwarranty Finance Limited 2. [Annual financial statements | 31* March, 2016 for the year ended 3. Type of Audit qualification | Qualified ‘4. | Frequency of qualification | Repetitive ‘The sundry debtors outstanding for more than six months amount to Rs. 26,151,826. Further out of the total sundry debtors, for a sum of Rs. 10,017,298, the Company has initiated legal and recovery actions, the proceedings of which are in different stages. In view of the above, the quantum of realisability of old outstanding sundry debtors/ legally initiated debts is not ascertainable at this stage. ‘Additional comments from| Referring to observations given _in | The the Board/Audit committee: | Independent Auditors Report it is clarified that: a) As the Company has initiated legal actions for the recovery of the dues, it will not be prudent to make any provisions as the cases are in various stages in different Courts. CIN : L65920MH1994PLC080220 403, Regent Chambers, Nariman Point, Mumbai -400 021. « Tel : 6630 6090 / 2204 7965 Fax - 6630 6655 / 4001 0999 « e-mail : mail@transwarranty.com # website : www.transwarranty.com‘TRANSWARRANTY FINANCE LIMITED 5. | To be signed by — ° Kumar Nair Managing Director * Mr. U. Ramachandran CFO ©) Mr. Gautam Divan Partner Membership No. 6457 Rahul Gautam Divan & Associates Firm Registration Number: 120294W Mr. Sudharsanan Nair Independent Director (Audit Committee Chairman) \ WAL aANCr~RAHUL GAUTAM DIVAN & ASSOCIATES Chartered Accountants Glo MIDSNELL, 134 Mittal Tower °C’, Nariman Point, Mumbai 400 021, India. Phone: (+ 91-22) 6632 4991, 6632 4992. Fax: (+ 91-22) 2287 5374. E-mail: rdivan@vsnl\com INDEPENDENT AUDITORS’ REPORT TO THE BOARD OF DIRECTORS OF ‘TRANSWARRANTY FINANCE LIMITED Report on the Consolidated Financial Statements 1. We have audited the accompanying statement of Consolidated Finan: ‘TRANSWARRANTY FINANCE LIMITED (‘the Holding Company”) and ts subsidia ‘Company and its subsidiaries together referred to as “the Group”) for the year ended March 32, 2016 (“the Statement”), being submitted by the Holding Company pursuant to the requirement ‘of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. ‘This Statement, which is the responsibility of the Holding Company's Management and approved by the Board of Directors, has been prepared on the basis ofthe related consolidated financial statements which are in accordance with the Accounting Standard prescribed under Section 133 of Companies Act, 2013, as applicable, and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement. 2. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement. An audit includes examining, on a test basis, evidence supporting amounts disclosed in the Statements, An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the significant accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinian. 3. Basis for Qualified Opinion The sundry debtors outstanding for more than six months amount to Rs. 26,151,826. Further out of the total sundry debtors, for a sum of Rs. 10,017,298, the Company has initiated legal and recovery actions, the proceedings of which are in different stages. In view of the above, the quantum of realisability of old outstanding sundry debtors/ legally initiated debts is not ascertainable at this stage. 4, In our opinion and to the best of our information and according to the explanations given to us, the Statement: ‘a. includes the result of Vertex Securities Limited and Vertex Commodities and Finpro Private Limited. b._ Is presented in accordance with the requirements of SEB! (Listing Obligation and Disclosure Requirements) Regulations, 2015; and c. except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph 3 above, the statement gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in india Associated Firm: Chandabhoy & Jassoobhoy 605-607 Silver Oaks, Paldi, Anmedabad 380 007.RAHUL GAUTAM DIVAN & ASSOCIATES: consolidated net profit and other financial information of the Group for the year ended March 31, 2016. 5, The Statement includes the results for the quarter ended March 32, 2026 being the balancing figure between audited figures in respect ofthe full financial year and the published year to date figures up to the third quarter ofthe current financial year which were subject to limited review byus. For RAHUL GAUTAM DIVAN & ASSOCIATES Chartered Accountants (Firm’s Registration Number: 120294W) Brow. GAUTAMBIVAN Paftner ‘Membership Number: 006457 Place : Mumbai Date : 24 May 2016