ROSELABS FINANCE LIMITED Lodha Excelus. NM Joshi Marg. Mahalaxmi, Mumbai 400 011 Date: 11" November, 2016 ‘The Listing Dept, Bombay Stock Exchange Limited Phiroze Jeejebhoy Towers, Dalal Street, ‘Mumbai 400 001 Scrip Code: 531324 Dear Sirs, ‘Sub: Unaudited Financial Results for the quarter and half year ended 30% September, 2016 In continuation of our letter dated 3 November, 2016 and pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we are enclosing the Unaudited Financial Results of the Company for the quarter and half year ended 30% September, 2016 duly approved by the Board of Directors of the Company, at its meeting held today. The meeting of the Board of Directors of the Company commenced at 6.30 p.m, and concluded at 7.00 p.m. We also enclose a copy of the Limited Review Report of the Auditors of the Company, as required under Regulation 33 of the Listing Regulations. Kindly acknowledge receipt, ‘Thanking you, Yours faithfully, For Roselabs Finance Limited Compliance Officer Encl: As above Regd, Off 416, Anand Mangal Complex, BIH, Omkar House, CG, Road, Navrangpura, Ahmedabad — 380009 Tel: +91.22.61334517 Website: www coselabsfinansslimited.n, mil: roselebsfinance@@loshagroup.com CCIN No, 157120G199SP1.C024070mumbai Pune New Delhi - Gurgaon | www.mzsk.in Bengaluru Hyderabad & Associates ‘Chartered Accountants Limited Review Report Review Report to The Board of Directors of Roselabs Finance Limited 1. We have reviewed the accompanying statement of unaudited financial results of Roselabs Finance Limited (‘the Company’) for the quarter and half year ended 30" September, 2016 (the Statement”), being submitted by the Company pursuant to Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements} Regulations, 2015 (Listing Agreement). This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. ur responsibility is to issue a report on these unaudited financial results 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 fs limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Basis for Qualified Conclusion: Our limited review report on the unaudited financial results of the Company for the quarter and half year ended 30" September, 2016 is qualified in respect of the matters stated below: As detailed in Note 4 of the Unaudited Financial Results, rade receivables of & 1,200.00 Lakhs are doubtful of recovery and have not been provided for in the books of account. Had the aforesaid provision been considered by the Company, the Net Loss for the quarter and half year would have been higher by the said amount. 4, Based on our review conducted as above, subject to the effects of cur observations paragraph 3, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the recognition and measurement. principles laid down in Accounting Standard (AS} 25, Interim Financial Reporting, 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 the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement. ‘The Ruby, Level 9, North West Wing, Senapati Bapat Marg, Dadar (W), ‘Mumbat - 400028, INDIA Tel: +91 22.3332 1600& Associates ‘Chartered Accountants 5. We draw attention to Note 2 & Note 3 to the unaudited financial results with regards to: i. Receipt of Income Tax Demand of & 119.74 Lakhs towards penalties under Section 2710 of the Income Tax Act, 1961 and the Company has filed appeal there against with Commissioner of Income Tax (Appeals), Mumbai. No provision has been made for the same, as in the opinion of the management, based on expert opinion obtained and decision by the Appellate Tribunals and Courts in similar matter the same is not sustainable. fi, The Company has received letter from Reserve Bank of India (RBI) dated 24th August,2016 suggesting to apply for voluntary exit from NBFC business due to Net Owned Fund (NOF) being negative. However, the Company has replied to RBI vide letter dated 20th September,2016 along with Business Plan for increasing the Net owned Funds and has sought time upto 31% March, 2017. Our report is not qualified in respect of this matter. For MZSK & Associates Chartered Accountants Firm Registration No. 1050470 ‘Abualt Darukhanawala Partner ‘Membership No.: 108053 Place: Mumbai Date: 11" November, 2016ROSELABS NANCE LMITED CIN-L47120651995P.CO24070 Regd. Office 416, Anand Mangal Complex. 8/H, Car House, C.G. Rood, Nowangnura, Akmedabod - 380009 1934517, ‘ait orelabsfironce@lodhagrovp.com Stotement of Unaulted Financla! 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Complex. ebsite: www roteladstinancatinies retelcbstinanceslochag-oup.com Patd - up Equity share Captal [face volve of &.10/- each j nee Sracua a tee Seahee "000.00 (os (043 (02a) ex) (ors (23 roa (020) 1 ond approved by the 8 4 ‘he Company hos on outstanding rade Recevabl Cond therelare no provision is considered necesscry at The Previous yeor/ periods figures have been regrouped / fecas! wherever necessary 10 conlorm Yo curren! yews / perio presentation, For ROSELABS FINANCE LIMITED. py Pumima Pavle Dkector DIN o6705139, Place : Mumbai Dale: 11thNovember 2016ROSELASS FINANCE LIMITED CIN. Lerzoci99sPLcoRKa7 Regd. Olfce :416, Anand Mongat Complex. B/H. Omkor Howse, C.G, R60, Nawnangeare, Ahmecabad -S6C00? Tel -91.22.6193 4517 ‘Webster wa roselobstinancelimiteain, mal roselaosiinonce sachagrove.com rat wat ara Standalone Slatemert of Assets ond tcbities BSeplember-é | s0-September15 | s1-Moreh-16 Tinlad | tintokhe ‘intokhe unaudted) (unavstes) (svdes) 1s. feauny ano uasiunes | > |shorahotden Fonde {) share Copitat 100000 4,000.0 ‘00.00 () Reveres ona Supe (20632) (928.12 113821) Sub-Tetal - shareholder Fund] ET 7s TE] 2 |Won-curont titi: \ong:Tern Froviions ss 128 125 Sub-Total - Non Curent Lobes = z ia 3. |cunent ussities (6) shorter orowings 2201.14 210435 204658 ib) Wade Payobies 496 10852 so (6) Other Cures! tobities 25786 508 842 Sub-Total - Curent bites Bate | 385 Asi orat 2287 zn zai assets 1 |Non-Cunent Assets Fixed Asels - ton Term loons ond Advonces saizs| $9675 0188 Sub-Tolol- Non- Curent Assets ro Tas ase 2 |ourent Assets fa) Curent invesiments ais ar ors (0) inventories 261.6 3399 10628 {eo} todeRecevobes 120000 1.200100 4.200009 (8) Cast ans Cosh Betonces $698 228 736 {e}__ Shor-iern toans.and Advorces naz 1435 5798 (Other Curent asset 3030 19282 B63 Sub-Total - Curent Asset Taree | aa ALY TorAL Ta 257i Bain For ROSELABS NANCE LIMITED Fumima Powe Face + Mumbol Director Dole: 11th November 2016 IN 86705133Regd. Office 416, Anan Monge Comal ROSELABS FINANCE UMITED CCN -L67120G)1995PLC024070 ‘Omar House, C.G.Road Nowengoure Ahmedabad - 20007 1491.22.61 4517 Wabate: wwnscoraabsinancelmledin, -makkelzoeinanceBlodnagraun.com ‘Unaudited Finetat Rest for he Quarter and Hal Yeor Ended 30M September. 2016 Segment wise Revenue, Ress and Copal Employed Poni T Tovthe Guarer ended Toitha Wai Year ended Tosentenbets | Sodne-16 | Sep Ddeplenbec'é | 2OSepembecTs | “'unovdted | unavaed | Unaud Unavdted | Unoudted veto 20 aos za? waza ss as 1299 191 1984 ae aa9 | 1a) Unotoce | ! ! het salesncome Rom Operators TH TE Te HES 7a a7 2]seaman tnt (0) ong nSecvaos 86 401 grat as 13592 1060 {0} Fong Actty ) 118) 38 anin 37 i552) ic} Aeon Sense : (cUnatocates pots Tae aa ma aa aT a ere (st) (410) (5244) (185s) vias] ro. her Unotocoble Eeesixe (7.38 (350) i321) tioaal ieaos) (9020) (6) ntocabieincom= or 023 : ova 025 a0 ro (ts) etre Tox am] 5] aH m ay] “Eng 2]coptal smeared ~ 386.82 475.10 469.596 86.62 469.96 46718 veaas soee O46 esas on 560 2000 12000 \aoe0 120000 1000 1200.00 sissran| (10.01) «'s7874] '9s730) wissaral 1186175) Tota (ee Tez i eH ai Ea fer Rosetats NANCE UMD terme ove face : Mumbal Decor Dole: Mth Noverber2016 om orass3|