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ESI:MlPE/D
REGISTERED OFFICE: 215, SAKAR 2, NEAR ELLISBRIOGE CORNER, AHMEDABAD 380 006, GUJARAT (INDIA!
THE: 07926578177 email: info@goyalassociatesltd.com
Website: www.goyalassociatesltd.com
CIN: L74999GJ1994PLC023281

Da~th

November,2016

J. ?fhe Departmentof Corporate Services,

BSE Limited,
P.J. Tower, Dalal Street,
Mumbai-400001
Script Code: 530663

AhmedabadStock Exchange Ltd.,

KamdhenuComplex,
Opp. SahajanandCollege, Panjrapole,
Ahmedabad-380015

Dear Sir/Madam,
Sub: Outcome of Board Meeting

With referenceto the captioned subject, this is to inform you that:

1. A meeting of the Board of Directors of the Company was held today i.e. 12thNovember, 2016 at the
registered office of the company, considered and approved the Unaudited Financial Results for the
quarter and half year ended on 30thSeptember, 2016.
2. Enclosedherewiththe following documents:
UnauditedFinancial Results and Limited Review Reportfor the quarter and half year ended on 30th
September,2016
ThankingYou,
Yours faithfully
GOYAL ASSOCIATES LIMITED

VINAY AGRAWAL
Managing Director
DIN No-03133446

GOYAL ASSOCIATES LIMITED

215, SAKAR 2, NEAR ELLISBRIDGE CORNER, AHMEDABAD- 380006
UNAUDITED FINANCIAL RESULTS FOR QUARTER AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2016
CIN No' L74999GJ1994PLC023281
Particulars
30-Sep-16
Unaudited
1 Income from Operations
(a) Net Salesllncome from operations
(Net of excise duty)
(b) Other Operating Income
Total Income from Operations (net)
2 Expenses
(a) Cost of Materials consumed
I(b) Purchase of Stock- in-trade
(c)Changes in inventories of finished
goods, work-in-progressand stock-intrade

1.54

2.17

7.51

4.35

3.64
13.90

5.97

1.54

2.17

7.51

4.35

17.54

(22.27)
1.69

4 Other Income
5 Profit/(Loss) from Ordinary Activities
before finance costs and exceptional
items (3 .:!:4}
6 Finance Costs
7 Profit/(Loss) from Ordinary Activities
after finance costs but before
exceptional items(5 .:!:6)
8 Exceptional Items
9 Profit/(Loss) from ordinary activities
before tax (7 .:!:8)

13.27

100.24

(35.54)
1.69

1.48

(92.74)
5.32

0.85

1.13
2.29
1.23
_i15.9~

1.44
2.22
1.26
6.40

6.48
5.06

0.94
(18.68)

0.17
2.29
0.29
2.75

24.36

24.65

(13.27)

0.76

0.96

3 Profit/(Loss) from Operations before

other income, finance costs and
exceptional items (1-2)

13.27

- Listing Fee
-Depository Charges
Total Expenses

Rs. (In Lacs)

Year ended
31-Mar-16
Audited

Half Year ended

30-Sep-16
30-5ep-15
Unaudited
Unaudited

5.97

(d) Employee benefits expense

(e)Depreciation and amortisation
expense
(f)Other expenses
(any item exceeding 10% of the total
expenses relating to continuing
operations to be shown separately)

Quarter ended
30-Jun-16
30-Sep-15
Unaudited
Unaudited

1.26
2.87

(1.21)

(0.70)

23.44

_i2.05)
0.10

(6.82)
0.10

24.65

(1.21)

(0.70)

23.44

_(1.95)

(6.72)

24.65

(1.21)

_to.70)

23.44

(1.95)

(6.72)

24.65

(1.21\

23.44

11.95)

(6.72)

(0.701

24.65

(1.21)

_to.701

23.44

(1.95\

(6.72)

_i0.70j

23.44

(1.95)

(6.72)

10 Tax Expenses
11 Net Profit/ (Loss) from Ordinary
Activities after tax (9 - 10)
12 Extraordinary Items
13 Net Profit /(Loss) For The Period (11 z,
12)

24.65

14 Paid-up Equity Share Capital (Face

Value Re:1/-)
15 Reserves excluding Revaluation
Reserves as per balance sheet of
previous accounting year
16 Earning Per Shares (of Re 1/- each) (not
annualised)
(a) Basic
I(b) Diluted
Place: Kolkata

469.38

11.21}
469.38

0.05
0.05

(0.00)
(0.00)

507.50

(0.00)
(0.00)

469.38

507.50

(0.00)
0.05
_i0.00)
0.05
GOYAL ASSOCIATES LIMITED

Date:12.11.2016
VI NAY AGRAWAL
Managing Director
DIN No-03133446

469.38

(168.93)

(0.031)
(0.031)

,,_

"

STATEMENT OF ASSETS AND LIABILITIES

Rs. (In Lacs)
Particulars

As at 30109/2016

As at 31/03/2016

Unaudited
A. EQUITY AND LIABILITIES
1. Shareholders funds
(a) Share Capital
(b) Reserves and Surplus
(c) Money received against share
warrants
Sub-total - Shareholders funds

2. Share application money pending

allotment

Audited

469.38
(145.49)

469.38
(168.93)

323.89

300.45

3. Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
SUb-total - Non-current liabilities

4. Current liabilities
(a) Short-term borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short-term provisions
Sub-total - Current liabilities
TOTAL - EQUITY AND LIABILITIES
B.ASSETS
1. Non-current assets
(a) Fixed assets
(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long-term loans and advances
(e) Other non-current assets
Sub-total - Non-current assets

2.42
0.18

100.24
0.56
0.18

2.60
326.49

100.98
401.43

2. Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
Sub-total - Current assets
TOTAL -ASSETS

165.80

130.26

4.10
148.38
8.21

192.02
70.94
8.21

326.49
326.49

401.43
401.43

Notes:
1. The UnauditedFinancialresultsfor the quarter and half year ended on 30th September,2016 have been reviewedby the Audit Committeeof the
Boardand approvedby the Boardof Directorsat its meetingheld on 12th November,2016.
2.Currentyear provisionfor taxationwill be determinedand made at the end of the currentyear i.e. F.Y. 2016-17
3.Figuresof the PreviousYear /Period have been regrouped/recastedwherevernecessary
4. The StatutoryAuditorsof the Companyhave carrieda LimitedReviewReportof the above results.
5. Duringthe quarterended 30th September,2016 and the correspondingpreviousquarter/year,the Companyhas operatedonly in one
geographicalsegment.Hencesegment reportingas per AS 17 is not given.
6. The above resultswill be availableon Company'swebsitewww.goyalassociatesltd.com.
Place:Ahmedabad

GOYAL ASSOCIATES LIMITED

Date:12.11.2016

VINAY AGRAWAL
Managing Director
DIN No-03133446

R. M. JAIN & ASSOCIATES

Chartered Accountants

Saha Court, 51bFloor, # 32,

8, Ganesh Chandra Avenue
Kolkata - 700013
Ph : (033)2237~0960 /3244
Mob: (+91)9831019971
id:rmjainandassodate~@gmail.com

R. M.Jain
B.Sc., F.C.A

.LIMITED REVIEW REPORT

To,
The Board. of Directors,

GOYALASSOCIATES LIMITED
215, Sakar 2, Near Ellisbridge Corner
Ahmedabad-380006

We have reviewed the accompanying statement of unaudited financial results of GOYAL

ASSOCIATESLIMITED for the quartet and half year ended 30th September; 2016. ThIS statement is
the responsibility of the Company's Management and has been approved by the Board of Direetorsj'
Committee of 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
provide 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

Place: Kolkata
Date: 12.11.2016

For R.M. JAIN & ASSOCIATES

...

Chartered Accountants
.., Firm Registration No. 304127E
-,

c2,ff\<V~,

CA R.M':Ji~
(proprietor)
Membership No. - 006668