PPAP Automotive Limited = ( PRAP>) cin. trnonae.cn INGA, Sees, Phase tL Noda:201305, Ucar Pade “Til 191-120-2462552 53, Pax +91-120-2461371 Ena: nfo pppco.co in ‘Website: wwnppapen.in 20" January, 2017 ‘The tsting Department Bombay Stok exchange Lined Prove leeeioy Towers, Dab Steet, Mura 400003 Pursuant o Regulation 33 ofthe SEI Ustng Obgations and Disclosure Requlrements} Region, 2015, eos tnd enclose the Unaudited Financ Rast ong with ited Review Repor forthe ‘quarter ended 30" December, 2016 duly considered and approves by the Board of Director f the ‘Company at ther esting eld on Monday, 30” anuay, 2017. ny ak hese on record ‘Thanking you, Yours tay, For PAP Automotive inited a Registered Office; 54, Okla Indusval Estate, Phas 1, New Delhi 11002026438190 O. P. BAGLA& CO. ait nis (CHARTERED ACCOUNTANTS Fax :011-26299912 mat: aamingopbco.n Wiest wot opbeo n 8/12, KALKAJI EXTENSION NEW DELHI - 110019 INDEPENDENT AUDITOR'S REVIEW REPORT ‘TO THE BOARD OF DIRECTORS OF PPAP AUTOMOTIVE LIMITED. We have reviewed the accompanying statement of un-audled standalone financial resus of is PPAP Automotive Limited, 4, Okhla Indust Estate, Phase - Il, New Deli for the quarter ad period ended 31" December, 2016. This staloment is tho osponsibisty ofthe Company's Management and has been approved by the Board of rectors. Cur responsiy& to issue a ropot on these financial statements based on ‘We condictod our review in accordance with the Standard on Review Engagement (GRE) 2400, engagements to Review Financial Statements issued by the Insitute of Chartered Accountants cf India. This standard requires that we plan and perform the revew to obiain moderate assuranco as to whether the thianclal statements are fee of ‘materla| misstatement. review Is ied primariy to inguies of company persoane ‘nd analyieal procedure apples to financial data and thus provides fase assurance than an audit. We have not performed an audit and accordingly, we do nol express an uct opinion ‘Based on our rovow conductod as above, nothing has com to our attontion that causes tus o belive thatthe accompanying statement of unaudited ancl reste prepared In ‘accordance wit applcble accounting standards and olher recognised accounting practices and poliies has nol disclosed the information requred tobe disclosed In terms ‘f Regulation 33 of the SEB! (Uistng Obigaions and. Discosure Requirements) Regulations, 2018 including the manner in which li to be dsctosed, or that itcontains any material misstatement (ATUL BAGLA) PLACE: NOIDA PARTNER DATED: 30.01.2017 M.No, 091885. Firm Regn No. 0000181——— ae ee ae wa] oa] —ea[ eo] ma Sas a es +a ee eae aoremenrant | saat a HES Sina aeceoreeeen| S| S| Set poe Sapa | aa at satin ee ecara oral —enat a asl 25 rer ce 2 = ES eae 2 i eset ane ete ems —— (Cormorant) (uns 000°