CIN: L15421UP 1 a eee 14.11.2016 To, ‘The Manager The Bombay Stock Exchange Limited 25% Floor, P.J. Towers, Dalal Street Mumbai-400001 Sub: U; indalone & Consolidated Financial Results for the Quarter /Half Year ended 30% September, 2016. Dear Sir, Pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the Un-Audited Standalone & Consolidated Results along with Limited Review Report for the quarter /nalf year ended 30% September, 2016, duly approved by the Board of Directors at their respective meeting held today on 14% November, 2016. Kindly take the same in your records Thanking you, Yours Faithfully Enel: a, |S91PLCO19160 SBEC SUGAR LIMITEDDOOGAR & ASSOCIATE, CHARTERED ACCOUNTANTS LIMITED REVIEW REPORT The Board of Directors SBEC Sugar Limited Ja pMprovision of revised wages of Sugar Wage Boor Employees as per the Notification dared 9009.2016 of Government of Utar Pradesh (Refer pot nae ‘70.6 of Financial Results) and ther consequential impact on the loss and EPS inthe rnancia "results for the quarter amd half year ended 30" Seprember, 2016 wth applicable accounting standards end other recognised accounting practices and policies has not Guclosed the information required 19 be disclosed in terns of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2012 including the manner in which it is to be Aisclosed, or that it contains any material misstatement For Doogar & Associates Chartered Accountants Firm Regn. No, 000561N Ze: Mukesh Goyal Pariner Z M.No, 081810 Place: New Delhi Date: 14/11/2016 We Shee awr (ae) fas fore ad ier oor ea eo (re se ken oor fore Kees taro) wz | for [sre (ee Isr oe | loovaees) ese ese lecsouw (ees) freeo ered | sresee (ren sm crs ere) | sear leeeses ty | wwe — | owscet —lewested pres (este) lees) ewe) | er tce seaee) veoee et #0 “equinieOS ROE : Q30Na MVEA sIvH/vaLuYRD 344 vod sLinsau y 35-scbnesons nssees mana sopeig sein dediseg neroeS AND LIABILITIES. 0S = Saee | gens Pare Se wesc | Yas fe. cau 90 usury | [cake | oereron ote f azo. rn ve" wae [2 Speers vem] tase rg er {aS toranene aes zene ttm rane sas ses ‘otoemieeers 2 eet To -courYaNOUABLnES ae ast] nal as ra (cs oe nega i ol see 1) oe axe et : (8) Loner Avene ta |) Chetan aie aval erat ty oa vei sass Taare ‘mesa tara (©) Comacannemens 2 ‘car (@ Onvormnaaee Maa tia tora. Assere asec 434 ier ho faved os. 147 7Sace 8 oa yoo ST ee gaan Re. 24 la Accrngy Cavpanee ns ee Otero dnt Bh hy 2019 fe ate ih Om Sat nil re real eee ee) 6) eek enn renarrated 20 23a asp cman red OER nda ne le Someto ae eae 2 nan foery rar eageear eae SH. Th BFR eet copy a Swe NO) SA gees ee me ‘Nano Feary tes ete 0402216 e rat Reclaton Stone UniGene 5 Save o Uta Pradesh has esi he wage tes 95 1 Prav Yen's festa een eoypdeaange, wre: cesta, Date: 14th November 2036 ace: New DebDOOGAR & ASSOCIATES CHARTERED ACCOUNTANTS LIMITED REVIEW REPORT ‘The Board of Directors SBEC Sugar Limited We have reviewed the accompanying consolidated statement of unaudited financial results of SBEC Sugar Limited (the Company’) and its subsidiaries for the quarter and half year ended 30" Sept 2016 This statement isthe responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on these consolidated financial statements based on our review. ‘We conducted our review in accordnce with standard on Review Engagements (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 cbtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personne! and analytical Procedures applied to financial data and this provided less assurance than an audit, We have not performed an audit and accordingly, we do not express an audit opinion, We did not review the financial statements of two subsidiaries included in the consolidated quarterly ncial results. The financial statements of SBEC Bio-energy Limited reflect total revenues from operation of Rs. 2.01 lacs forthe quarter ended 30" Sept 2016 and net loss after tax of Rs. 381.71 Tacs for the quarter 30! Sept 2016. The financial statements of SBEC Stockholding and Investment Limited reflect total revenues from operation of Rs. NIL. for the quarter ended 30 Sept 2016 and net loss after tax of Rs, 00.29 lacs for the quarter 30" Sept 2016.These financial statements have been reviewed by other auditors and our opinicn, in so far as it relates to the amounts included in respect of these subsidiaries. is based solely on the reports of the other autos, 1. During the quarter the company has not meade provision for interest, on late payment of cane dues amounting to Bs. 752.59 lacs( For the Half Year Rs. 1547.73 lacs) . Accordingly the expenses and loss for she quarter ended on 30th Sept 2016 would have heen higher by Rs, 752,59 lacs (For the Half Year Rs. 1547.73 lacs); 2. Non-provision of revised wages of Sugar Wage Board Employees as per the Notification dated 30.09.2016 of Government of Utar Pradesh (Refer foot note no.6 of Financial Results) 3. In SBEC Bio-energy Limited the Company has taken the debt of IDBI, ICI and SBEC Sugar Limited in Modi Industries Ltd. The recoverability of above amounting to Rs.14685.98 lacs is subject to the final order of AAIPR However no provision of doubtful debts are made in the quarter and half ‘yearly statement of the Company and consequemty we are unable to opine on the appropriateness of the same: and their consequential impact on the loss and EPS in the financial results for the quarter and half year ended 30" September, 2016Based on our review, except for ow observation in para supra, nothing has come to our attention that Causes us to believe that the accompanying statement of unaudited financial results prepated in accordance With applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations end Disclosure Requirements) Regulations, 201$ ineluding the manner in which itis to be disclosed, or that it contains any material misstatement For Doogar & Associates Chartered Accountants Firm Regn. No. 000S61N LEED Mukesh Goyal Partner MNo. 081810 Place: New Delhi Date: 14/11/9016[STATEMENT OF ASSETS AND LIABILITIES | Petco [eae oy (astwocoul ares] ara xme0| ar (resnes Sue easeran| __azecs0) __gapenzn| _creiasa] issuances) Veisaay "faa (Siowertong temic, wie 8 (cas rene 12482 sean? (aspen. rove “aie ry Wari ns saanca) ages sme] cae (i) eapts onn Pan 2000 3a. vas wan al Sar] aaa Boats | sa (&) rencareemesinet mses) tase amie) seen (e)_ Date Taxa r Toa] 75008 oa ‘sersaa] 57781 (9 Stociomtaae earwnoss 603636] ens (@ One sie 203i] a ors 1 Sugar nary big easton innate rast ol any quarermay nt be at anor ropoente econ he ral prema te Conga. 2 Tre Carpany iss se pr sgl oc conpary ane he ejuerens of AST on Gefen Repain Tt esa 3 The Sate Gover of Uter Fades hs. a5 per PNOM Cabiat Deion ted 1h Jawan 201, rr a, aounced cash subi eps Re 23.30 pr Oe cave chaste te ‘oir indy. nks 0 he ara en pie ef spar and t's byproac Durng pr 6 Np 201610 9h ep 246, the pre hg remain tow bret i revised Inte rotfeton Sne fe Maragemert ie uraty eaten rear eatoatonet aby, te Company ha accor fo cash ated of R23 90 pe if ce purcasea oy ‘ayogimg iors v0 tac8 4 The cempany nas rotmade ronson fr iret one payet ct care dus forthe poo ol Rs. 1547.73 lace for err yar Re, 207 27 lac oar to Rs 246 lacs Acearnly hat he pose eng ase he nat bs fe paid woul have Deanhiphr by Re 147 73lace and te eneegar enact on caret ates nd EPS 15 Theconparyn nec Bear ef Der orhten de Jul 2013 ha ed stron wth te Boar fr deta ant naqeal Recension (IPR) UP eye Sch Intl Gempara esa provetns) be 05 (SICA vet te aed 24h ny 207 do pet ornate ocr BAP rc ta eter No M(-227 O10" dae 2 ‘August 201, The an tooneheavesnregiseeay SH ancane Ne 202019 Te BF has Guede Cao Se Bh us 1K) SICA ar Eppomed Det a operatng ney {ty 70) of ne At ws wi on anew 40221 & oe Oak Renabiatn Semeur Cem '5 Government Uta Frage has reveed ne wae ates of Suga Vlage Sear Emoiyes estespacvly we Odeber 1, 2013. The Coen is exnating he nos: coset von Sicheviso ance maton epeye beet xfrses wl be crscoes nth os Gua Acro ro pevacn ha een mate ni Sarees eased 3 7 The above nancial vesutshave been revewed by Santor Autos ans Aut Camis a be Conga he apnrved tn taken ones by te or ater espctve resting heidante a8 |8 Proves Vonslourtes ses have teen epoupedhasranga, wharves necseey For and on boa peer (ex Raarwa Director IN'00290252 Date: 14th november 2016 Place : New Bel