FINEOTEX CHEMICAL LIMITED 165/59 14" November 2016 To, The General Manager, = The Manager, caatae Listing Department, Listing & Compliance Department The Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.. Towers, Dalal Street, | xchange Plaza, Bandra Kurla Complex, Mumbai - 400 001 Bandra East, Mumbai - 400051 Company code: 533333 Company code: FCL Dear Sirs, Subject:- Outcome of Board Meeting In compliance to Regulation 33(3)(d) of the Listing Regulations, please find enclosed herewith the Standalone and Consolidated Un-Audited Accounts of the Company for the quarter ended 30th September 2016 which has been approved and adopted by the Board of Directors at their meeting held today, We further wish to inform you that the Board of Directors of the Company at its meeting held today November 14, 2016, in accordance with the provisions of Sections 68, 69 and 70 and all other applicable provisions of the Companies Act, 2013 and in terms of Article 9A of the Articles of Association of the Company read together with Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 and amendments thereto, have approved the buy-back of its fully paid-up equity shares of face value of Rs. 2/- (Rupees Two only) each at a price not exceeding Rs. 40/- per equity shares for 2 maximum amount of Rs. 3,99,24,400 (Rupees Three Crores Ninety Nine Lakhs Twenty Four Thousand Four Hundred only) (excluding brokerage, Transactional charges and taxes, if any) subject to maximum of 9,98,110 equity shares from the existing equity shareholders/ beneficial owners, other than the promoters/ persons who are in control of the Company, from the open market purchases through BSE Limited and National Stock Exchange of India Limited using their nationwide Electronic Trading terminals. HIGHLIGHTS, 1. The Consolidated PAT of the Company for the quarter has increased by 20% YoY The meeting concluded at 6.15 p.m. Kindly acknowledge receipt. Thanking You. FOR FINEOTEX CHEMICAL LIMITED Surendrakumar Chairman & Managing Director Feegd. Office : 42 & 43, Manorama Chambers, S. V. Road, Bandra (West), Mumbai -400 050. India Phone : (491-22) 2655 9174 (75/76 (77 pee Se ene ann ann ov » NE CONGR rents NEMO LS TperonnerTemae OnStar BeChampak K. Dedhia a.com. roa Gautam R. Mota .com, us, cA Or UKG ¢> ASSOCIATES CHARTERED ACCOUNTANTS STANDALONE LIMITED REVIEW REPORT To, Board of Directors, Fineotex Chemical Limited Mumbai We have reviewed the accompanying statement of unaudited financial results of Fineotex Chemical Limited for the quarter and half year ended 30 September, 2016 being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, These financial statements are the responsiblity of the Company's ‘management and have been approved by the Board of Directors of the Company. Our responsibilty is to issue a report on these financial statements based on our revie We conducted our review in accordance with the Revised Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Taformation performed by the Independent Auditor of the Entiy”, 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 primasily to inguiries 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 prepared in accordance with recognition and measurement principles laid down ia the applicable Accounting Standards specified under section 133 of the Companies ct, 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 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015 including the manner in which it sto be disclosed, or that it contains any material misstatement. For UKG & Associates Chartered Accountants (Fiem Reg, No: 123393) Place: Mumbai Date: Idth November, 2016FINEOTEX CHEMICAL LIMITED Regd. Off:42/43, Marorama Chambers, $V Road, Bande (W), Mumbi 400050 (CIN -12H100 MTF 2004PL.C144295, STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS POR THE QUARTER AND HALF YEAR ENDED ‘30TH SEPTEMBER, 2016 Amount (Bs In lakhs) [PART : artes ended Haltyear ended __|Year ended N| eee 30.02.2016 | 30.06.2016 | 30.09.2015 | 30.09.2016 | 30.09.2018 | 31.03.2016 Taaodited | Unandined | Unaudited | Unaudieed | Unaudited | Andie ‘[ income From operations \a)Net sls / Income fem Opentions (Ne of Facse Dus) igu22] igonas] azaiso| sonar] saczas] 6781.4 t30ner Opening Income 290 est] cos|__2977|_ 1136 2496 |retat ncome from Operations (Net) 7509.0] 1835.02] —a737.63] rou] 340.81] 6,806.30] 2] Bxpemmes a) Cost of materi consumed 1004.79] 100074] 1o10st | 209553] t9910a] sat. Purchase of tek in rade () Changes in inventors of finished goods, work in: eos] s3se] san] am] 028 progress and stock in-tade canes] a) mplogcebenetis expense x98] 7708] spar] 15604) 512] 24425) [Depreciation and amortisation expense sae) toaz] at asso] 24] 9 Orherexpense( ay tem exceeding 10% ofthe tora 281.24 z2ias| — sstos] 450] sz expenses eating to continuing operations wo be shown separately) front expenses wate] ——eaai| —ese.1o| apa] asa] 5035.5 3) Prot / (Lows) from operations before other income, [3725] zat] aaa] eooo7 | 4729 [1.77115 nance couts and exceptional tems (-2) sJorner income 0435] ston| _so77|_saas]__74sol___ aso} ]Prott / (Loss) from ordinary activities before nance | ——s4L60 | #9] 4002] —_tass.a9 | 922.15] 2225.5] outs and exceptional items (3 +) finance cons sas] en] a] as] 260 feat / Lens) from ordinary activities after finance [S391 Wa.6 | aeaas | 402607 | 907-79 | 7,98.95 lout but fore exceptional itema ( +6) 8 excepsiona items ‘}PeoGe / (Lore) from ordinary activities before tx + | S359] ote | —_wekas | L607 | 9o7.79 | 2,398.95} is 10fTax expense ssett| —sssan| s6so0| 31129] suis] eas 11] Nex Prot / (Los) from ordinary activities after tax @[ 379.81] sage] 30.49 | 71478] __s96a5 | 1518.06 |+10) 12) extraondinary items (at of tx expense) : 13]Net Profit / (Loss) forthe period (1 + 12) om |e Ta | 39035 | asa 14a exit share capialace Vale ofthe Share shat [Zak 220596 Faas96 | 2596] — ESE be indicated) 15}eserveexcuting Revaluation Reserves as per balance 6125.08 face of previous accounting yest 1cfEamings pee share (before extraordinary items) (of Rs /-each) (not annualised): la) Base 034 ow] 027 064 oss 135 Jo) Dire 03 030) 027 064 oss 135 17] Barnings per share (after extraedinary items)(of IRs.2/- cach) (not annualised) *: a) Basic od ox) oz] val as 135] 0) inset a os 02] ry) a3 135Statement of Assets and Liabilities Amount (Re. In lake) 5 iS Patieulars 30.09.2016 | 31.03.2016 Unandived | Audived A [EQUTTY AND LIABILITIES, [Shareholders fonds a) Share capital Baas v6] —_77a50) fo) Reserves and norplan as7.Rol 6123.0) [) Money ecccved gaint share warrants z [Sub-Total 308583] a369.04 7|Share application money pending allotment 3] Non-cwerent Habiliies a) Long, term borrowings zs [) Deferred tax Hibs (oe) = (Othe ong tem Hiab (Long txm provisions : [Sub-Total z E T] Goren abies [a) Shor: term horoangs Toss] sae [0 Trade payables Trost] 97746) fe Other curent Habis 33.15] Mat a) Short term provisions 16.66, 7274) [Sub-Toval 24.95] 128.9) [TOTAL 10.408.7| 9,698.03] fe [ASSETS 7] Now-cuerent ace [ay Fined act Taacoa| 120532 [s) Now. currnd taverns S179) 483731 () Deferred tx asses (et) 4696 50 (d) Loog-tem loans and advances Tea To] 8.9 [SubTotal 7a15.7i| 781.07 | Guerent Assets [a) Current invesmens oa) rm [b) Inventories asl 572.90) fe) Trade receivables zon so] 191631 [a] Cath and each equvaleos 173.05] 77923 [e) Shore ter oa and advances 797] 135.29 I) Othe Current Assets sag 12.7) [Sub-toea 93.06) 7916.35 [ForAt. oaoe.77] 9698.03 Notes: 1 The above audited results wore review’ by the Audit Commince and thercafer approved atthe mecting of the Hoard of Directors of the Company hell on 14th November, 2016 2 The Statutory Autitors ofthe Company have condicted Limited Review of the above financial results for the quarter ended 30th, September 2016 in accondanee with the Regulation 35 of the SII (iting Obligations and Disclosure Reirements) Regulations, 2016 | Provision foe caren taration has been made with efeence tothe prot forthe period ended 30h Septerber 2016 and in acondance wit the provisions of Income Tax Act, 1961 and Rules famed thercunder. The wlimate tx ably forthe assessment year 2017 - 2018 however will be ‘determine onthe bass of total income foe the year ending on 31st March 2017 4 As pee Accounting Standard 17 -Seyment Reporting a8 asf bythe Companies (Accounting Standards) Rules, 2006, the Company has oly ‘one Seyment - Speciality chemicals 5 Previous pesiod / year Ruces have been regrouped, cearanged and eecasfed wherever necesary to correspond with those ofthe eurent peti, “Mumba, 1h November 2016OX UKG ¢ ASSOCIATES ‘Champak K. Dedhia 8.com., roa CHARTERED ACCOUNTANTS Gautam R. Mota 8.com. Us, Fea CONSOLIDATED LIMITED REVIEW REPORT To, Board of Directors, Fincotex Chemical Limited Mumbai We have reviewed the accompanying statement of consolidated unaudited (nancial results of Fincotes (Chemical Limited for the quarter and half year ended 30% September, 2016 being submitted by the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These consolidated financial results are the responsiblity of the Company's management and have been. approved by the Board of Directors of the Company. Our responsibility is to issue a report on these Sinancial statements based on our review: We conducted our review in accordance with the Revised Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Iuformation performed by the Independent Auditor of the Ext)" 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. review is limited primarily to inquiries of company personnel and analytical procedures applied %0 Ginancial data and thus provide less assurance than an audit We have not performed an audit and, accordingly, we do aot express an audit opinion. We did not review the interim financial results of seven subsidiaries included in the Statement, whose interim financial results reflect total assets and total revenues of Rs. 3671.22 lakhs and Rs, 3695.72 lakhs respectively and profit after tax of Rs. 405.28 lakhs for the half year ended 30% September, 2016. These interim financial results have not been reviewed and have been reported by the management of the Company, Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in accordance with recognition and measurement principles laid down in the applicable Accounting Standards 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 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements),2015 including the manner in which itis to be disclosed, or that it contains any material misstatement. For UKG & Associates Chartered Accountants (itm Reg. Nos 123393W) Place: Mumbai Date: Mth November, 2016FINEOTEX CHEMICAL LIMITED. eg. Of 12/43, Marorama Chambers, S V Road, Bandra (W), Mumbai 40050 (CIN sL2ADIMETOOEPLCI4295 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2016 Amount (sta kts) (parr cade Hatiyearended_—_ Veareniea PARTICULARS Tamaame | soca | samnans |—mmams | soonaois | 3103206 Tinaaned | Unawdied | Uaaudined | —Unavdined | Unaudited | Andie Tacome fom operations Net ses /lccme fom Operation (Net of xi lbw) zonas) —agsa9s] tos] seas sessot) 10pm |aporner Operating Income 229) sr 758 7 1136 2404 [rout Income fom Operations (Net) Baus | 2ysox0| —snman | sa95.95 Sana | wos. lespeases a) Cow of materi comm tour] rari] sss] 2089 am spon Pech of ack ade si] was] est ‘eat roms | #156 o) Changes in inventories of ished guns workin Jp and ocksintrae ar] ox] canes) ca] ss} ass] a) Employee beni expense e699] ze} mo uae vos 3908) Jo) Depreciation and amore expense 1436 nel 2 mn 20a] soy ko ier expense Any item exeang 1% of he fel opens clang contig operons 1) be [wn spac) esse] airs] _s9s54 so6 mo] _s29) [rotaexpensee ‘nao 231osa] baer] 45770) eri] 6280.9 fo / (hav) fom operations before ther [income finance cones and excepional items (t-2) | sopt| cana | crust] 30855 rasa] smn loner income 15582 s30| me ‘amo wie] “ssi IP / (Los) from ordinary activites before linancecort and exceptional tems (31) sn] meas] rss] nso asm] 29205] inane costs 539) 928, 0] 176 ane sas [Prt (Lows) fom ordinary actives fe |inance conte bat before excepional items (516) srt] oes] ruson] nue taser | 2888.0 cepa ens Prot / (Low) fom ondinay activites before 7 le sis] aa] e504] tate rssera| 288.0] Tas expense 2izw| amie] 2ae “ats en] sus) INet Pros / (Lost) fom ordinary acts afer jax + 1) case} sooz7| susan] .so4at sua) syns soniye ocr of pene) Net Prof / (Lon) forthe pesiog (11:12) ss] sooa7] sian | 08a ous | iri stanky tmx of ex expen) Net Pro / (ans) forte period (11+ 12) aaa] soz sie] aw] ions Moc ener 7500 san| 7112] 13373 room| 6732 |Net Proc / (Lm) forthe pid (131) Bx95 | aatsa | a 370.88 ass | —_yrocoe psp ey shar capil ace Va ofthe Share sabe abet) 22596] 22nsa6] 224696) 224596 anise] 221596 sere exctingRevahation Reserves pe ance eset f pervious counting ye orm earings per share (befire extraoedinary tens) fns.2 seach) (not annualised): a) ae oat aw oe ome on 152 te) Dates ow ow ow ome on 182 earings per share (after extraomtinary items) to}ea/-each) (not anmualised)*: Ja) Basic on ox] ox| an onl 19] Jo) Dikeed ost] aso asx ow onl 1s]‘Statement of Austr and isbn Amount Rs. as) Parco [aowo1s — [s.0s.206 [Unavsied—[Awaied i [eQUnrY AND LIABILITIES, T[Sharcholder” fds 9) Shae capa Base] a5] [py Reserves ane sap “renal cats (Money ceva agit ar waa [sob-Toul ‘onaee] 944 [Shae application money pending alent : 3 noi Tren Son [ a “Now caret Tabi Deter ex habs © Org tr abies Longe provisos IsebTowa z = [Gene aes [Stor scm boning Ta) wis i) Tale payables Tanz] 130805 (Ober een a 1095 01 (Shor tem provsins| 2855 T.0] iseFol sn] a8.) HrOTAL 7242.06] 11.0) Ses 7 Now-cureat ase 9) rsd nee Teas) a [cata Work rg 21 (Gowri on comolation a as) (Nome investment ex] won] Defra a abet (22 5} anal Lp Long eran ad advances aaa] 395.59 [sub-Toea 79.39] 47.05 2] Great Anse [a ivenncs arma] er) fe Tene eels Te EET [i Garand eh egaras sscal 94857) fs Shorten bm aed ran Tao] 2703 oni Cure Anes nis i sub Toet ‘sio209] 5139] froAL ‘paea.ex| 140.0) Note: The Compuny bus fou whl owned subse, one in Malai, oe it Dub an wo i nda anid Fer stp down subsidise in Maas The wane pause atone nae Grane sanments of Facets Malaysia Lied, Fneotex Species FZ, PCL Lardmare Pat Ltd, anys Ste Pavae Lined Chemcal SDN, BU Botex SDN, Kovaes Sdn Bd (ly 5 Kao SDN) 2 The above tind els wire ier by the At Commitee and shear approved athe meting of the Boar af Director ofthe Company hel on {th Nowemc, 2016 4 The Sutin Audion of the Compary have cond "Lita Review’ of the above Snacks forthe quer an lf yar ede 30h, See Tie nsconane wth Regaion 33 of the SEB (Ling bles and acon: Regiments) Repations, 2016 «nevis pero / year fic Iv ben gpd anya ei whecrer neces to cen wih dn ofthe eet ps unrrep ae ‘Mumbai, Heh November, 2016