Excel Industries Ltd. Corporate & Registered Office 11 November, 2016 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai-400 051 Mumbai-400 001 Sub: Unaudited Financial Results of the Company for the quarter and half year ended 30" September, 2016 Ref: BSE Script Code: 500650; NSE Script Code: EXCELINDUS Dear Sir, We hereby inform you that at the meeting of the Board of Directors of the Company held today, the Board has approved unaudited financial statements of the Company for the quarter and half year ended 30% September, 2016 which were earlier reviewed by the Audit Committee of the Company. In this regards, please find enclosed a copy of the said unaudited Financial Results along with Limited Review Report thereon by the Auditors ‘The Board meeting commenced on 2.30 p.m. and concluded at 05.25 p.m. Kindly take the information on your record. Thanking you, Yours faithfully, For Excel Industries Limited = ey SK Singhvi Company Secretary Encl: As above 11% November, 2016 xoal Industries Limited E: excolmumbai@excelind.com Chemicals Business | Environment & Biotech Division 184-87, S.V. Road, Jogeshwari (West), T: 91-22 - 8648 4200 Polymer Inputs | Pharmaceutical Intermediates | Veterinary API's Mumbai 400 102, Maharashtra, India. F-+91-22-2878 9657SRBC&COLLP Chartered Accountants Fax :491 22 6192 1000 Limited Review Report Review Report to ‘The Board of Directors Excel Industries Limited 1, We have reviewed the accompanying statement of unaudited financial results of Excel Industries Limited (‘the Company’) for the quarter and six month ended September 30, 2016 (the “Statement”). 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 the Statement based on our review. 2. 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 Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. 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 recognised 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 SRBC &COLLP ICAI Firm registration number: 324982E/E300003 Charfered Accountants, \ per Jayesh Gandhi Partner Membership N Place: Mumbai Date: 11 November, 2016Excel Industries Ltd. ty Corporate & Registered Office STATEMENT OF STANOALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2018 (Re tn Lacs) i Paros ‘Guar Exod a ear vad Yar Ede er September] 3th Jon 335 Soper 0 Saplomber| Sh Sepia] Stat hrc ho a6 26 218 ame ams 26 ‘Wanwaied) | Unandie} | aad) | Unauteg) | Cnaustod)| Duddy 7 aca rm Operations la) Net sales ‘asear} szxve20] —sezasas| aang | aetna] aaasse 0» ober Opera ncone saa] 13525 tsiz2|” agnaz amos) S175 [Total income rom Opaations ‘wsssss) rasias) —soasess| —2arso0o| —azntogs | usisz7 2 [espensee a) ost watts Consumes sseese] sroisa] ——stosas| ravages} soatzrt| —atrmaan ty Purchases of Steck Trade zetas| —2ise1 aes) 4756 asa) ota le cxangesin vents of Fhe Gon, Worcs and Stn Tage 26a) 2400] tao] aaaeo (sisq] aves 4 Employee Bera Expeces wvss2i] sssoot] 180223] raze} seat) ase 8 et Oeprecton and Amartsaten Expense soas| 3000 sri] esas7 Tese7| 153840 [0 ner xxenses aeisas| —asorsa] —aestos| 05605] aoss0| sizer Total expenses ‘assao| smesror] seats zzanzsr | anrexcr| —aovass7 Prot rom Operations beter Other Income, Finance cons and 2 | optional tame (12) rer) rage reese! sera) aaa] atzeso 4 loteetcame ws10) ize 9666/7002 ‘sree | 2261 5 |Pront from ordinary activites before Finance cost and [Exceptional item (3+4) ravrse| 201580 eores| —sansae! ras} ans 6 France costs sae] 3482 us| 6a2 esiss| — sae4za 7 [Profi from ordinary actvitios aftr Finance Cost but 'before Excoptional tom (6-6) ese) s63098 esas! asmzz) aera] essz8 8 [Exceptional tems 7 7 : 7 : 9 |Prote trom ordinary activities Bafore Tax (7-8) raze] reso sisss] — asooze| nase] essz8 10 |rax Expenses zz208) 45428 wis] orex wns) 113572 1 |Not Protrom rinry acts ARr Tax (10) ear20) 12608 uae] torso] trate] ast 12 |Paitup Eqay rare Capa Face vate Re St per Eaiy Share) exes] 62689, rn) ese] 64528 13 |Reseres exci Revauaton Resanves (a pe Balance shet of Prevos Accounting Yor) 0081.92 14 |Eamings er share EPS -in Rs [esc and Dies EPS of each etre andar Extardnay ens forte ert anc tor na Previus Year rt amused) ‘ear eet Baal ‘ai rae] mas ‘SIGNED FOR IDENTIFICATION BY Wy SRBC&COLLP Mi 1 xoa Industies Limited : excelmumbal @excelind com 184-87, SV. Road, Jogeshwari (West), T: 91-22 - 6646 4200, Mumba 400 102, Maharashtra, Inia’ F: «91-20-2678 3657 CCIN = L2azooNe1960PLCO1 1807 1: hp iwww excelind.co. Chemicals Business | Environment & Biotech Division Polymar Inputs | Pharmaceutical Intormediates | Veterinary APY'sExcel Industries Ltd. Corporate & Registered Ottice STATEMENT OF ASSETS AND LIABILITIES a (Rs. tn Lacs) Particulars Half year ended | Vear ended 30092016 | 31.03.2016 Unaudited | Audited [equity and Wabinties Shareholders’ funds (a) Share capital es |__ 645.28 (0) Reserves and suplas iss. 16 | 2006102 21676.69 | 2070630 ‘Non current Habilities (@) Long-term borrowings Taaai | 101040 (©) Deferred tax liabilities (oe) 2064.74 | 1869.49 (@) Long-term provisions 1105.09 | 1022.35, “0464 | 3902.44 ‘Current Habites Bea {@) Short-term borowings aroma | e762 (0) Trade payables 6268.77 | 7133.37 {) Other current abies 1892.38 | 1896.78 {(@) Short-term provisions 669.58 | 137042 T T5635.15 | 17162.99 TOTAL [arias [—ar77173 Assets ‘Non-carrent asseia (Fixed assets Tangible assets 16545.06 | 1625426 Intangible assets 6857 | 101.81 (Gi) Capital work in progress 307.67 | 311.62 (iv) Inlangibie assets under development 165 7.65 ©) Noo-current investments 1036.76 | 1403.02 {(€) Long-term loans and advances 2953.16 | 2599.78 (0) Other non-curren assets = 63.00 73.00 Tisei.s7 | 207s1.14 ‘Current assets (@) Current investments 36626 = (b) Inventories 3192.94 | 6289.40 (o) Trode receivables T1888. 75 | 1268.28 (@)Cash and bank balances 924.16 [400.75 (e) Short teem loans and advances T7i2s| 1540.91 (Other eurent assets 9.98] 100.25 7or34.61 | 27020.59 TOTAL 1716.48 | a1771.73 SIGNED FOR IDENTIFICATION BY ee, SRBC&COLLP M 1 Excel Industries Limited 18487, S.V. Road, Jogashwan (West), ‘Mumbai - 400 102, Maharashtra, Inca CCIN : Laazo0MH1960PLCO11807 Chemicals Business| Environment & Biotoch Division Polymer Inputs | Pharmacoutical Intermediates | Veterinary API's E: excelmumbal@ excelind.com 7591-22 - 6646 4200 F:491-22.2678 9657 We htpziwww.exeetind.coinExcel Industries Ltd. Corporate & Registered Office ‘NOTES : 1. On 7 October, 2016, the Company and its wholly owned subsidiary Kamaljyot Investments Limited sold and transferred 245760 equity shares and 218510 equity shares respectively of Excel Crop Care Limited to Sumitomo Chemical Company Limited, Japan, at a price of Rs 1259.36 per equity share in accordance with the Share Purchase Agreement executed on S* June, 2016. The profit arising out ofthe said transaction will be recognized in the subsequent quarter. 2. The above results as reviewed by the Audit Committee have been approved at the meeting of the Board of Directors held on 11 November, 2016, and subjected to Limited Review by the Auditors. 3. The figures for the previous periods / year have been regrouped wherever necessary. FOR EXCEL INDUSTRIES LIMITED Place: Mumbai ‘ASHWIN C. SHROFF Date: 11" November, 2016 (CHAIRMAN & MANAGING DIRECT( DIN: 00019952 oe FOR IDENTIFICATION &ry SRBC&COLLP ce nin Lined €:ssiranbal peeled Camas unon | een Etech OMon Tecar'Se Ra sgpoman ony, cease ao00 Sa Eee mary APts Mani 400 '0B/Ucaresin naa; £98670 987 CIN: L2420oMHt960P1.Cot 1807, We htipstiwn.oxcolind coinExcel Industries Ltd. Corporate & Registered Oftice ‘STATEMENT OF STANDALONE UNAUDITED SEGMENT WISE REVENUE, RESULTS, ASSET AND LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED 3TH SEPTEMBER 016 I I Teme Patan Guater ended ayer ended | Year ences i Sepenbwr]| tune] 30h Sepenbe | Soplonber] 30H Spanber| etch 208 m8 25 6 25 6 ‘Tanvated) | Uneven) | Unawstes) | Uneated)| Unavehes)_| (Ave In| Segment Revenue Chania Tsar] ever] tones] saree] ares] aaa 7) Envonner 6b ‘eaar|_stszal e200] owossl arse] 18875 Tobe on Opwasors ‘axsesa] —tastas] tones] tea0ce] —Zeovone] sa [= [Sepmont Rosas Pos) bets Taxed rs i) Chemicals Ware] emer] aves] oa staal rer i) Enoanent Boe (S79 5732 7 290] rsa] [eer “e2s0i] Terao] 19stse]—_Serezo]___sasaral 206 as nr an] sma] we] ssa] ease] ta 7) Ober Uaioe pends ete rake ame “maar ara] was] aaa] sa] 20070 Torito toe Tax wana] seeose| sess] msozal rasoral aes [E_[Sogmen aos )_ Chemical esi] _Wrress| —_waaea se] sari] sone] 380 7) Envonnent 6 ‘a1e6s| —rzs0aa] e800] raoges] _sgona] 102473 i) Uasoestes vaso] —rorise| Goae.aa] savas] sass] sa02a Tota Segment Asses Teal eens] ose] ree) _—_ oat] AT [Segment oan 7) Cheri [7 EE TST] Eninanent& Boek Zro03] 20578] 22a] aro] zanna] ata i) Urals bites estaeo] —Tastr6q] ——Tasnes| vastgeo] __uassas] e789 Toa Segment abies BOOTS] — PRT. OH] ATR] Ta] es Not: The capital employed he reepecive segments ie wored out ater conierng the operaing assets ac abies tat re decty atrburatle ‘othe segments aswell as located he segments ona easonabe basis FOR EXCEL INDUSTRIES LIMITED SIGNED FOR IDENTIFICATION BY y (O ‘Mumbai “ ‘11th November, 2016 SRBC & COLLP CHAIRMAN & MANAGING DIRECTOR BA DIN: 00019952 Excl industies Linted E:excolmumbal@excetind.com Chemicals Business | Envronmont& Biotech Division 184-87, SV. Road, ogeshwan (Wes), T: 91-22-6646 4200 Ply Inputs | Pharmaceutea Intomacatos | Veterinary API's Mumbai 400 102, Maharastra, India. 49-22-2678 9857 CIN: L2agoon1960PL.C011 807, Wntpw exci coin