PRITISH NANDY COMMUNICATIONS The General Manager Department of Corporate Services Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400001 May 26, 2016 Dear Sir/Madam, Re: Serip Code: Sub: Outcome of Board Meeting held on May 26, 2016 In compliance with the requirements of Regulation 30 read with Schedule III-A and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we hereby intimate that at the Board Meeting held today dated May 26, 2016, the Board has: 1) Adopted the Annual Audited Standalone and Consolidated Financial Results for the year ended March 31, 2016, auditor’s report, directors’ report and other reports thereon. ) Not recommended any dividend for the financial year ended March 31, 2016. 3) Accepted the resignation of Dr. Vishnu Kanhere, Independent Director at the close of Board Meeting held today. The copy of the financial results is enclosed. Kindly take the above information on record Yours faithfully, For Pritish Nandy Communications Ld Vikas Shaw Company Secretary Enel: As abovePiRish Nandy Commaniestions Ti STANDALONE: SSE TEASE RES Tom Tes EPS BEDE MARCH SHEETS =a a : : amrttel eames tere | toc |ocetn| mi = di kr dare ae nce T Tora = 60 : —= = =a es — eae a rs te = = re a ae a — et [Profit before exceptional aad catia ordinary item and tax = = we as oe a [Exceptional and extra ordinary items eu it 139 ne az se tiaras nat ate veins se eae ee ws: ae ae ae a = ane isan 351.02 rare ‘BrS8T | 1503.7) ———— [Het profit after Minorty Interest = : : = = ss assem ener sbare apa EY BOL T9670) Tam - ere tuted EPS on weighted average Basis = a = a a consoviparen srawenrwist Raves, twats business Se of oT a a aes wasnt ae [essa non Sega a ane Sot bones —— zi [roa par emprer 7see 1 K. R. KHARE & CO. ‘CHARTERED ACCOUNTANTS KHARE) RIETOR membership No.032893 Firm Registration No. 1051040Frllich Randy Communiontions Utd Regjatered Office: 87/88 Mittal Chambers Nerimen Point Mumbai 400021 In Re tak -TUGETED STANDALONE AND CONSOLIDATED STATEMENT OF ASSETS AND DIABILITIES OF AS ON MARCH 91, 2016) ‘STANDALONE (CONSOLIDATED, eat March] Arat Wares | Aaa arch [As at March parnicutars. 31,2016, 31, 2015, 31, 2016 31,2015 Jequrry AND LIABIETTES: (a) Share capita Taa670 T670 146-70 (b)Reserve and surplus 5,378.35 5.219 96, 5.35385, nor terest 530.58 O18 Non Cursenttiabiiaes Long term boron ngs To 130 1250 x0 Deferred tax habiiies 705.6 Tis T1s.60 7063.03 [Garren abies (a) Short erm SarrownaS a0 3935 000 aos [by Trade payables 419.08 382.86 320.19 353.60 [c) Other current abies 38.25 376.53 340.98 ‘S19 (a) Share term provision a7 487 Taal ToesoT 10,505.48 10,590:10 SOLER aSsETS (a) Tangible asso 9590) ae 0) (b[Non current investment 362.46 2.02 126 (c} Long tees loan and acvanes 3368.02 3581.00 330011 [Garonr ane ig] Cinemate aad wievoion content Sessa S726, Ss Soa (OL Trade receivables 97.49) 3351 97.49) 39.31 (g} Gash and exan equals 93.60 330.05 79555 Su 62 (Short ten ons and evans 30155 B68 ‘78.82 310.88 (el Other current acts 13.3 23.37, 1.4 2339) Ti 0265.07 Tose 10,500.10 7020s 98 [te above resulia were reviewed by the Audit Cmmitie and adopted by the Boord of Directors of the Company at its meeting held on May 20, 2016, [arbitration proceedings intieted by the Company’ against Prasar Bharal, in respect of bank guarantces of fs 750.50 lath encashed in the year 12000-01 for marketing of Ojmpic Games 2000 are one, The Company has also initiated proceedings for recovery of loans and advances ‘of Re 150.00 lakh which are pending Deore the Bombay High Court frie Board of Dicecors has not recommended any dividend forthe year. Figures ofthe previous period have been regrouped, wherever necessary. The paseut Company and one susidinry PNC Digital Lid are in the content eegment. PNC Welles Lid is in the welinss segment. [ine consolidated Financial Results of the Company are prepared as per Accounting Standard (AS) ~ 21 Iinority interest includes Preference shares ised by Ogle Technologies Ltd « ubsiiary of PNC Digital Ltd Financial statements of Osle Technologies Lid are unaudited. lhe figures ofthe last quarter are the balancing figures betwaun audited figures in respect of the full nancial ear and published yearts date os Ne Nn» ) 4 or Bakar vffender Verma Palla Bhattacharya hice Manager, Accounts VP, Fuuanee, CMfpliances and Legal Afinirs Wholetime Direc cums 26, 2016 CHARTERED ACCOUNTANTS ( (KR. KHARE) ™ A ‘PROPRIETOR e Membership No.032993 Firm Registration No, 10510207K. R. KHARE & CO. CHARTERED ACCOUNTANTS Office No. 317 K. R. Khare 8.Com,(Hons.), LLB. (Gen), F.C.A. 3rd Floor, Sanghrajka House, 431, Dr. D. B. Marg, Op: Tel, : 2986 0984 + 2387 “ ‘a House, Mumbai - 400 004 151 « Email kishorkhare@gmail.com Independent Auditor’s Report to The Board of Directors of Pritish Nandy Communications Limited We have audited the accompanying Consolidated Financial Results (“Consolidated Results”) of Pritish Nandy Communications Limited (‘the Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “Group”) for the year ended March 31, 2016 included in the accompanying statement of Standalone and Consolidated Financial Results (“the Statement”) being submitted by the Holding Company pursuant fo the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This Consolidated Results included in the Statement, which are the responsibility of the Holding Company's Management and approved by the Board of Directors, has been prepared on the basis of the related consolidated financial statements which are in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013, as applicable and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Consolidated Results included in the Statements. We conducted our audit in accordance with 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 Consolidated Results included in the Statement are free of material misstatement, ‘An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Consolidated Results included in the Statement. The procedures selected depend on the auditor's judgment including the assessment of risks of material misstatement of the Consolidated Results included in the Statement, whether due to fraud or error. In making those risk assessments the auditor considers the internal control relevant to the Holding presentation of the Consolidated Results included in the roumstances. An audit Company's preparation and Statement in order to design audit procedures that are appropriate in the also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Holding Company’s Management, as ‘well as evaluating the overall presentation of the Consolidated Results included in the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide basis for our Audit opinion.Khare & Co. Continuation Sheet ered Accountants 5, The financial statements of Ogle Technologies Ltd. a subsidiary of the wholly owned subsidiary PNC Digital Ltd, ine ded in the Consolidated Results of the Group in the Statement are vrnaudited . The Group’s financial statements reflect the group's share of total asses of Rs. 640.96 lakh as at March 31, 2016, the Group’s share of total expenses of Rs.1,720,974 for the year ended March 31, 2016 of Ogle Technologies Ltd. a subsidiary of the wholly ‘owned subsidiary PNC Digital Ltd. The group’s share of net loss of Rs. 8.78 lakh for the year ended March 31, 2016 is ‘considered in the Consolidated Results included in the Statement: These financial statements have not been audited and have been furnished to us by the Management. 4. nour opinion and to the best our information and according to the explanations gives to us and bused on the consideration ofthe unaudited financial statements referred 10 in paragraph 3 above. the Consolidated Results included in the Statement: ‘a, include the results of the following subsidiaries: 1) PNC Wellness Limited 1) PND Digital Limited b._ is presented in accordance withthe requirements of SEBI (Listing Obligations and Disclosure Requirements) regulations, 2015; and ._ gives a true and fair view in conformity with the aforesaid Accountina Standards and other accounting principles generally accepted in India of the consolidated net loss and other financial information of the group for the year ended March 31, 2016 R. KHARE & co. Por Me Fico ACCOUNTANTS Place : Mumbai A ne =o firm Registration No. 1052040Khare & Co. Continuation Sheet ered Accountants 5, The financial statements of Ogle Technologies Ltd. a subsidiary of the wholly owned subsidiary PNC Digital Ltd, ine luded in the Consolidated Results of the Group it the Statement are vrnaudited . The Group’s financial statements reflect the group's share of otal asses of Rs. 640.96 tak as at March 31, 2016, the Group’s share of total expenses of Rs.1,72 974 for the year ended March 31, 2016 of Ogle Technologies Ltd. a subsidiary of the wholly ‘owned subsidiary PNC Digital Ltd.. The group’s share of net loss of Rs. 8.78 lakh for the year ended March 31, 2016 is considered in the Consolidated Results included in the Statement. These financial statements have hot been audited and have been furnished to us by the Management. 44. Inour opinion and to the best our information and according to the explanations gives to us and based on the consideration ofthe unaudited financial statements referred 10 in paragraph 3 above. ‘the Consolidated Results included in the Statement: ‘a. include the results of the following subsidiaries: 1) PNC Wellness Limited Il) PND Digital Limited | b. is presented in accordance with the requirements of SEBI (Listing Obligations and Disclosure | Requirements) regulations, 2015: and gives a true and fair view in conformity withthe aforesaid Accounting Standards and other accounting principles generally accepted in India of the consolidated net loss and other | financial information of the group forthe year ended March 31, 2016. | oR: KHARE & CO. Por Me Bicp ACCOUNTANTS ' Place ; Mumbai / D: lay 26, 2 aa eit "8 KR. KHARE) Firm Registration No. 105204K-R. KHARE & CO. CHARTERED ACCOUNTANTS K. R. Khare 8.Com,(Hons.), LL.B. (Gen), F.C.A. Office No. 317, 3rd Floor, Sanghrajka House, 431, Dr. D. B. Marg, Opera House, Mumbai - 400 004 Tel. : 2386 0984 + 2387 2351 » Email: kishorkhare@gmail.com Independent Auditor's Report to The Board of Directors of Pritish Nandy Communications Limited We have audited the accompanying standalone financial results (Results) of Pr ish Nandy Communications Limited Cthe Company”) for the year ended March 31, 2016 included in the sceompanying statement of Standalone and Consolidated Financial Results (“the Statement”) being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ‘The results included in the Statement, which are the responsibility of the Company's Management and approved by the Board of Direators, has been prepared on the basis of the related financial statements which are in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013, as applicable and other accounting. principles generally accepted in India. Our responsibility is to express an opinion on the results included in the Statements We conducted our audit in accordance with standards on auditing issued by the Institute of Charteved 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 Results included in the Statement are free of material misstatement ‘An audit involves performing procedures to obtain audit evidence about the amounis and the ddiselosures in the Results included in the Statement. The procedures selected depend on the auditor's judgment inoluding the assessment of risks of material misstaternent of the Results included in the Statement, whether due to fraud or error. In making those risk assessments the auditor considers the internal control relevant to the Company’s preparation and fair presentation of the Results included in the Statement in order to design audit procedures that are appropriate in the circumstances, An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates mace Py the Company”s Board pr Directors, as well as evaluating the overall presentation of the Results included in the Statement. We believe thatthe audit evidence we have obtained is sufficient and appropriate to provide basis for our Audit opinion. In our opinion and to the best of our informati the Results included in the Statement: @ are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and (ii) give a true and fair view of the net loss and other financial information of the Company for the year ended March 31. 2016. n and according to the explanations given to us Xshare & Co. Continuation Sheet red Accountants tarter ended March 31, 2016 being the balancing full financial year and the published year to date subject to limited review 4, The Statement includes the Results for the qui figure between audited figures in respect of the figures up to the third quarter of the current financial year which were s by us. R. KHARE & CO. Place : Mumbai QHARTERED ACCOUNTANTS Date : May 26, 2016 (K. R. HARE) ‘PROPRIETOR Membership No.032393, Firm Registration No. 105208"