MADHAV MARBLES & GRANITES LIMITED Regd. Office: 11- A, Charak Marg, Ambamata Scheme, Udaipur (Raj.) 313 001 Phone: 91-294-2430200, 2434445, Fax: 91-294-2430400, E-mail:madhavnorth@madhavmarbles.com, Invest CIN: L14t01NJ1989PL004908, Webs wuwmadhaumersicceers 12" November, 2016 To The Bombay Stock Exchange Ltd., Department of Corporate Relations Rotunda Building, P. J. Towers Dalal Street, MUMBAI - 400 001 Sub: Outcome of Board Meeting Dear Sir, We would like to inform that the Board of Directors of the Company at its meeting held on Saturday, November 12, 2016 had considered and approved the Un- audited financial results of the Company for the quarter and half - year ended September 30, 2016 Copy of Un-audited Financial Results, Segment Results and Limited Review Report is enclosed herewith. Kindly take the information on record. Thanking you, Sincerely For Madhav Mafijgs.& Granites Ltd., : % Priyanka MS@@\ Company Sed Encl: As above ‘Admn. 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Total lasros |rses7 larz20 |svaca§~—eta14 asst Less: (Nntrest oso sae tg |ssa fas ano WWOther un allocable expenditure fo.00 ——fooo~—=s jogo. —fo.00. lo00 0.00 nt of unalocabl income Total Profit before Tax faeas [15133 [50a20 [36076 _'s0n08 [p05 3 |capia employed {segment Assets |e) Granite & Stone DWvsion 1191770 |raseoas frrassso |r191779 [1140550 [raraeta (0) Realy Division lnaaz4 fase: [400.70 [o4a2 —faoa.7e —_—fasa.se (©) Power Generation Unit 175049 fresseo irate frrse4s fi7at.so—|resaee (@) Unalocstos r7os2__ {16242 _fsoeas _|rrase 30035 _|tar.ae |Sub-Total _ 1419098 |14744.68 (13924.25 |14190.98 |13924.25 15337.42 [Segment Liabilities (2) Granite & Stone Division 2420 |195722 frase feoaao —fraacon_—_—faonase (Realy Division oor ooo — ooo ooo joan Je Power Generation Unit loves |oiso4 forza oose jovaae —_—‘ad.so (1 Unaocates Ja00 ooo ooo _|ooo _fooo 0.00 [Sub-Total l1532.98 [2273.46 (1715.82 _|1532. [1715.52 [2971.98 [Capital Employed | (a) Granite & Stone Division 1129349 |11183.33 [1072251 |11293.49 |10722.51 1103.73, (0) Realy Division joea2e lasso: fao.7 faeaze —|aos.7e —_fosa.se (©) Power Generation Unit leso7s 76005 |re009 oso 75 —|ra0.09 —‘|ra0.20 () Unalocated j7os__|re242__fooaas _|rrose__|cess__|rav0s Total 12660,00 [1247162 |12208,73_|12650.00 |12200.73 [raae6.aa “The above Segment results have been reviewed by the Audit Commitee and approved by the Board at their respective meetings. held on November 12, 2016 and also been reviewed by the Auditors. For wr paar wr By: ‘Ashok Deshi Managing Director DIN:00848998 Place: Udaipur Date: 12/11/2016MADHAV MARBLES AND GRANITES LIMITED 11-A, CHARAK MARG, AMBAMATA SCHEME, UDAIPUR-313001 CIN:L14101RJ1989PLC004903, Web: www.madhavmarbles.com Mail: investor.relations@madhavmarbles.com, Tel:0294-2430400 ‘STATEMENT OF (Rs. in lakhs) ASSETS AND LIABILITIES PARTICULARS As at As at 30.09.2016 30.09.2015 (Un-Audited) (Un-Audited) EQUITY AND LIABILITIES Shareholders Funds (a) Share capital 894.70 894.70 (b) Reserves and surplus 1225.04 10281.24 (c) Money received against share warrants 0.00 0.00 Sub-total - Shareholders’ funds] 12119.74 1175.94 [Share application money pending allotment 0.00 0.00 Minority interest 0.00 0.00 Non-current liabilities (a) Long-term borrowings 0.00 0.00 (b) Deferred tax liabilities (net) 387.24 449.76 (c) Other long-term liabilities 87.05 85.10 (d) Long-term provisions 63.97 46.83 Sub-total - Non-current liabilities 538.26 581.69 Current liabilities (a) Short-term borrowings 401.24 1001.58 (b) Trade payables 632.09 596.42 (0) Other current liabilities 205.15, 173.71 (d) Short-term provisions 294.50 444.55 Sub-total - Current liabilities] 1532.98 2216.26 TOTAL - EQUITY AND LIABILITIES] _14190.98 13973.89 [jesse [arses Lek sfipet,IB |ASSETS Non-current assets (a) Tangible Assets 2639.14 2896.53, (b) Capital Work in Progress 116.86 30.87 (0) Non-current investments 0.00 0.00 (d) Deferred tax assets (net) 0.00 0.00 (e) Long-term loans and advances 1182.89 1470.33 (f) Other non-current assets 1610.61 1638.17 Sub-total -Non-current assets| 8549.50 6035.90 Current assets (a) Current investments 0.00 0.00 (b) Inventories 2253.65 2429.24 (c) Trade receivables 3298.42 3615.98 (d) Cash and cash equivalents 1981.17 1035.97 (e) Short-term loans and advances 1063.45, 854.75 (f) Other current assets 44.79 2.05 Sub-total - Current assets|__ 8641.48 7937.99 TOTAL-ASSETS| _14190.98 13973.89 1 The above statement have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 12, 2016 Figures of the previous periods are re-classified/rea-arranged/re-grouped, wherever necessary, to correspond with the current period's classification/disclosure. Place: Udaipur Date: 12/11/2016 For Madhav Marbles and Granites Ltd. ih ( iho fach. Ashok Doshi Managing Director DIN:0064899887, CHETAK MARG, ‘TEL: 0294-2529049 eo CORSO Bent cede LIMITED REVIEW REPORT The Board of Directors M/s Madhav Marbles and Granites Limited Udaipur. We have reviewed the unaudited financial results of Madhav Marbles & Granites Limited for the quarter and half year ended 30" September, 2016" which are included in the accompanying ‘Statement of unaudited financial results for the quarter and half year ended 30 September 2016” and the Statement of assets and liabilities on that date together with the notes thereon, The statement has been prepared by the Company pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “listing Regulations, 2015") and SEBI Circular dated July 5, 2016, which has been initialed by us for identification purposes. 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 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 obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily 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 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 NYATI & ASSOCIATES Chartered Accountants Firm Reg. No. 002327C g: No.0 SU ‘ATI Partner Membership No. 070742 Place: Udaipur Date: 12" November, 2016