Madhusudan Industries Limited Madhusudan House, Opp. Navrangpura Telephone Exchange, Ahmedabad-380 006. Tel: +91 79 26449781 Fax : +91 79 26427287 Email: madhusudan_(@yahoo.in Website; www.madhusudan-india.com CIN: L29199GJ1945PLC000443 MIL/2016-17/337 August 8, 2016 BSE Limited Corporate Relationship Department 1" Floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort Mumbai - 400 001. Scrip Code: 515059 Scrip ID: MADHUIN Fax: 022-22722039/2061/2041/2037/3121 Dear Sir, ‘Sub: Board Meeting Outcome and imited Review Report In continuation to our letter No MIL/2016-17/294 dated 25.07.2015 and pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we enclose herewith Unaudited Financial Results along with Extract of Unaudited Financial Results for the Quarter ended 30.06.2016 as reviewed by the ‘Audit Committee and approved by the Board of Directors at its meeting held today i.e. 08.08.2016. We also enclose herewith a copy of “Limited Review Report” dated 08.08.2016 by Auditors of the Company for the quarter ended 30.06.2016, The meeting was concluded at 12:15 P.M. We hope, you will find the above in order and take necessary action in the matter. Thanking you, Yours faithfully, For Ma¥husudan Industries Limited, Naimish Acharya Authorized Signatory Encl: as above Reg. Office: Survey No, 35918, 359/C, 361 & 362, Rekhial, Pin -382 315, Taluka : Dehgsim, Dis: Gandhinagar (India) Phone : (02716) 267270Madhusudan Industries Limited Mad: Tel: +! Webs tusudan House, Opp. Navrangpura Telephone Exchange, Ahmedabad-380 006, 91 79 26449781 Fax : +91 79 26427287 Email: madhusudan_i@yahoo in te: www madhusudan-india.com CIN: L29199GJ1945PLC000443 ‘STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SOTH JUNE, Z0ie Re. In tac) Particulars quarter Eni Previous es UST Eat ‘vear Ended| 30.06.2016 | “31.03.2016 [S006 2055] 31.03.2016 paar (Unaudited) | *(auaited) —|-(Unavalted) | (audited) Js) Net Sates tncome trom eperations 0.09 0.00 0.00] 0.00] b)_otrer Operating Income 26.0 25.0) 2sai} 103.49] [rota income fom operations (aa 76-0] 36.01 zai] 103.47] fespenses 2) Cost of materials consumed 0.00] 0.09} 0.04 0.09 >) Pureses of stack -in-trode 1.09) 0] .00| 0.00] ©) Changes in inventories of finished goods, work-in-progress and 1.9) 00 0.09] 0.09] \2)_ Employes benefits expenses ol ra] a4] 29.0] le) Deorecation& amortisation expenses sal nay 47 26.21 ln other expences 5.23] 40.19 44 56.03 Total expences Zi] 64.53 97] 34 3 [Profit rom Operations before athe Income, Tnanice costs a7 “329 7a 17-8 lsceptonal tems (12), other income Ta] Tay] Tas0f Ea [Pri rom ordinary sciwiies Before France cots @ Brceponal Rane 2} “z1a9} Zi 37.07 sea) 7 [enanea Coa TH Ta Ta oy 7 [rot rom ordinary setvibes oer France Costs Dak DoTO™ 735] 31a 7199} 37.09 Jesceptont tems (5-6) TE Tesceptional tems Ty a5] 5} 729] [Profit (+) Loss (2) rom ordinary activites before tax(7-@) 21.35] =Ei.s0] 21.921 37.09] 10” [Tax expenses Er 70.99 G00 30.5] 11 _|Net Pront(+)/Loss(-jitom ordinary activites after 5-0) W3] 32.23] 21.921 26.09 12 [straordinary dems (nt of tax expenses fs. Lees) 3.) 0.0] 0.00} 2.09} 33, |NetPromt(+)/ Loss (-) or the period (11-12) Tay “i2.a9| 31,92] 36.08] 14[Paiéup equity share capital (Face Vale Rs. - each) 768-75 268.73 368.73] 268.75 15” [Reserves exc revaluation reserves as per balance shoot O revo E <=] 063. TST [earnings Per share (before extraordinary Rema) of Rs Seach wa rusts) swe ana Ome ox 0.0 oat os] TST [Eamings Per Share (ater extraordinary Nera) RSS] eaeh Tat lsnnatses) [sosic ang Dead ox| 0.60] a. fr Notes ate: 08.08.2016 Rajesh 1 The above statement of Unaudited Financial Renita ware reviewed by We Rudi Cammiice and Sparceed By The Booey ‘of Director at the meeting held on 08.08.2016 *3._The figures for the quarter ended 31.03.2016 re the bolancing lures between audited figures for the yar ended 31.03.2016 and published year to date figures upto the third quarter ended 31 12.2015, which were satjccenee limited review ‘1 Investors Complain: Pending atthe beginning of Quer: 0, Received during Quarter: 3, Disposed off During Quarter: 3, Unresolved at the end of Quarter: 0 5 Theabove Unudted Financial Resuks for the quarter ended 39.06.2016 are avaiable on company's website ‘Le. wommmadhsuéan-inda.com and OSE website. wn. brenda com For and on behalf of the Board of Directors ‘shan Place: Ahmedabad eocie Regd. Office : Rakhial R ., Pn - 382-315, Dist : Gandhinagar (India) Phone : (02716) 267270, 267409Madhusudan Industries Limited ‘Madhusudan House, Opp. Navrangpura Telephone Exchange, Ahmedabad-380 006. Tel: +91 79 26449781 Fax : +91 79 26427287 Email: madhusudan_i@yahoo.in Website: www madhusudan-india.com CIN: L29199GJ1945PLC000443 "EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SOTHJUNE-ZOi6 Teta Particulars Quarter Ended | Previous Year Ended| Quarter Ended 30067056 303.2056. 30.06.2015) (Unaudited) (Audited) (Unaudited) T_ [fetal income from operations (nat) 26.00 103.47] 25.41 2 [Ret Profit (Loss) forthe paviod (before Tax, Excoplonal andor Ta] 3709 Ty] [Extraedinary tems}, 37 JNet Pron (Loss forthe peviod before tax alor Exceptional 39 37.0 73} land /or Exraoranary tems) ‘4 |Net Profit (Loss) Yor the period afar tx after Exceptional Way 26.08 rer landior Extraordinary tems) 5 [Total Comprehensive income Torte parod [Compriang PrawT 77a] eae 283 (Loss) for the period (ater tax) and Other Comprehensive lncome (ater tx) ‘6 [Eauiy Share Capital Face Value Re. wach) 2eB75] 268.75] 268.75} 7” [Reserves (excluding Revaluation Reserve) as shown i 7063.04 7 the Aucted Balance Sheet of the previous year ‘5 [Earnings Per Share (os. 5° each) (or continuing ox v9 oa] land discontinued operations) - Basic and Died The above an extract of the detaled format of results for quarter ended on 30th June, 2016 fed with the Stock Exchange Under Regulation - 33 ofthe SEBI (Listing Obigations and Disclosure Requirements) Regultions, 2015, The fal font ate Unaudted Francia Result for quarter ended 30.06.2016 are avalble on company’s website (wm mednusulannde con ‘and webste of the Stock Exchange (wi bseindia com) 2 Figures have been reauped wherever necessary. 3 The above results have been reviewed by the Audt Committee and approved by the Board of Directors at thelr meeting held 0 08.08.2036, For and on behalf of the Board of Directors Date: 08.08.2016 Lyere Pace: ahmedabad Rajesh 8. shah Director Regd, Office : Rakhial .S., Pin - 382 315, Dist. : Gandhinagar (India) Phone: (02716) 267270, 267409H. Vv. VASA & CO. CHARTERED ACCOUNTANTS OFFICE: 2550 2608 TUSHAR H. VASA TELEFAX : 2550 3700 B.Com, LLBF.C.A. fear pene Review Report to: REF. The Board of Directors of Madhusudan Industries Limited We have reviewed the accompanying statement of unaudited financial results of Madhusudan Industries Limited (the Company”) for the quarter ended 30.06.2016. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. 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) 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 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 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For H. V. VASA & CO. Chartered Accountants { WLM (Tushar H. Vasa) Proprietor (Membership No: 16831) Place: Ahmedabad Date: 08.08.2016 KANPUR GATE, AHMEDABAD=380 001, wveseso@amell.com B.2, “USHA KIRAN" OPP. EmMadhusudan Industries Limited Mad: Tel: +! Webs tusudan House, Opp. Navrangpura Telephone Exchange, Ahmedabad-380 006, 91 79 26449781 Fax : +91 79 26427287 Email: madhusudan_i@yahoo in te: www madhusudan-india.com CIN: L29199GJ1945PLC000443 ‘STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SOTH JUNE, Z0ie Re. In tac) Particulars quarter Eni Previous es UST Eat ‘vear Ended| 30.06.2016 | “31.03.2016 [S006 2055] 31.03.2016 paar (Unaudited) | *(auaited) —|-(Unavalted) | (audited) Js) Net Sates tncome trom eperations 0.09 0.00 0.00] 0.00] b)_otrer Operating Income 26.0 25.0) 2sai} 103.49] [rota income fom operations (aa 76-0] 36.01 zai] 103.47] fespenses 2) Cost of materials consumed 0.00] 0.09} 0.04 0.09 >) Pureses of stack -in-trode 1.09) 0] .00| 0.00] ©) Changes in inventories of finished goods, work-in-progress and 1.9) 00 0.09] 0.09] \2)_ Employes benefits expenses ol ra] a4] 29.0] le) Deorecation& amortisation expenses sal nay 47 26.21 ln other expences 5.23] 40.19 44 56.03 Total expences Zi] 64.53 97] 34 3 [Profit rom Operations before athe Income, Tnanice costs a7 “329 7a 17-8 lsceptonal tems (12), other income Ta] Tay] Tas0f Ea [Pri rom ordinary sciwiies Before France cots @ Brceponal Rane 2} “z1a9} Zi 37.07 sea) 7 [enanea Coa TH Ta Ta oy 7 [rot rom ordinary setvibes oer France Costs Dak DoTO™ 735] 31a 7199} 37.09 Jesceptont tems (5-6) TE Tesceptional tems Ty a5] 5} 729] [Profit (+) Loss (2) rom ordinary activites before tax(7-@) 21.35] =Ei.s0] 21.921 37.09] 10” [Tax expenses Er 70.99 G00 30.5] 11 _|Net Pront(+)/Loss(-jitom ordinary activites after 5-0) W3] 32.23] 21.921 26.09 12 [straordinary dems (nt of tax expenses fs. Lees) 3.) 0.0] 0.00} 2.09} 33, |NetPromt(+)/ Loss (-) or the period (11-12) Tay “i2.a9| 31,92] 36.08] 14[Paiéup equity share capital (Face Vale Rs. - each) 768-75 268.73 368.73] 268.75 15” [Reserves exc revaluation reserves as per balance shoot O revo E <=] 063. TST [earnings Per share (before extraordinary Rema) of Rs Seach wa rusts) swe ana Ome ox 0.0 oat os] TST [Eamings Per Share (ater extraordinary Nera) RSS] eaeh Tat lsnnatses) [sosic ang Dead ox| 0.60] a. fr Notes ate: 08.08.2016 Rajesh 1 The above statement of Unaudited Financial Renita ware reviewed by We Rudi Cammiice and Sparceed By The Booey ‘of Director at the meeting held on 08.08.2016 *3._The figures for the quarter ended 31.03.2016 re the bolancing lures between audited figures for the yar ended 31.03.2016 and published year to date figures upto the third quarter ended 31 12.2015, which were satjccenee limited review ‘1 Investors Complain: Pending atthe beginning of Quer: 0, Received during Quarter: 3, Disposed off During Quarter: 3, Unresolved at the end of Quarter: 0 5 Theabove Unudted Financial Resuks for the quarter ended 39.06.2016 are avaiable on company's website ‘Le. wommmadhsuéan-inda.com and OSE website. wn. brenda com For and on behalf of the Board of Directors ‘shan Place: Ahmedabad eocie Regd. Office : Rakhial R ., Pn - 382-315, Dist : Gandhinagar (India) Phone : (02716) 267270, 267409