@X = ADHUNIK METALIKS LIMITED Adhunik Corporate Office : “LANSDOWNE TOWERS”, 2/14, SARAT BOSE ROAD, KOLKATA - 700 020 }33-3051 7100 & FAX : 91-33-2289 0285 * Website : i il Panne nee ee jebsite : www.adhunikgroup.com AMLISE/213 February 13, 2017 Listing Department : Listing Department BSE Limited National Stock Exchange of India Ltd Phiroz Jeejecbhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai - 400 001 Bandra (East) : Mumbai ~ 400 051 Dear Sirs, Sub: Outcome of Board meeting In terms of Regulation 30 read with Part A of Schedule III of the SEBI (Listing obligation and disclosure Requirements) Regulations, 2015 this is to inform you that the meeting of the Board of Directors of the Company was held today, the 13" February, 2017 at 1.30 P.M., the time scheduled for the meeting and concluded at 5.20 P.M. The Board considered and approved statement of standalone unaudited financial results for the quarter and nine months period ended 31" December, 2016, a copy whereof, along with Limited Review Report issued by M/s. Das é Prasad, Statutory Auditors of the Company as prescribed under Regulation 33 SEBI (Listing obligation and disclosure Requirements) Regulations 2015, is enclosed herewith. ‘Thanking you and assuring you of our best attention at all times, Yours faithfully, For ADHUNIK METALIKS LIMITED aay Sanjay Dey Company Secretary Enel: As above. Regd. Office & Works : Chadri Heriharpur P.O. : Kuarmunda, Sundergarh, Odisha - 770039 Phone : (0661) 3051300 @ Fax : (0661) 3051303 CIN L281100R2001PLC017271OX Dat ¥ Prasad ‘Chantorod Accountants Independent Auditors Review Report To ‘The Board of Directors ‘Adhunic Matliks Lmited ‘L._ We have reviewed the. accompanying Statement of Standalone Unaudlied Financial Resuts of ‘Au Metals Uited (the Company’ forthe quarter and line months ended 31° December, 2016 (th *Statament’) being submitted by the Company pursuant to Regulation 33 of the SEBI (Usting Obligations and Dicelosure Requicements) Regulations, 2015 (the “Listing Regulation, 2015}. This statements the responsiblity ofthe company’s management and has been approved by the Board of Directors, Our responsiblity is to Issue a report onthe Financial statement based con our review. 2. We conducted our feview in accordance with the Standard on Review Engagement (SRE) 2430, "view of Interim Financilnfermation Performed by the Independent Avaitor ofthe Entity” ‘issued by he Instute of Chartered Accountants of Ina. This standard requires that we plan and perform the review to obtain moderate assurance s to whether the financial statements are free ‘of material misstatement A review is ited primaly to Inquires of company persoanel and an ‘naltiel procedure: applied to finanial deta and thus provides les assurance than an audit. We hhave not performed an audit and accordingly, we do net express an aud opinion, 3. We didnot review total revenus of RIL forthe quarter and nine months ended 31° December, 2016 and total teats of Re, 72.29 lacs as on that dato, Included inthe accompanying financial ‘sults relating tothe forelgn branch ofthe company. The fnoncial Information forthe branch has been aucited by other auditor and our conclusion i based solely onthe report of such auditor. _Ateftion ls drawn to Note No 7 tothe Statement regarding the preparation ofthe seme on golng ‘concern basis. The Company has incurred a total comprehensive income after tox of (Rs.8,907.37) lace and (R639,569.33) lacs during the quarter and nine months ended 31" December, 2016 respecivly nd, a6 ofthat date, the Company's current lables exceeded its current assets and the Companyenet worth ha sco boon eroded. These condtian along with other matters 25 set forth In the aforesaid Note, inccate the @xstence of @ material uncertainty that may east sgnfcant doubt about the Company/s ability to continue a a goingconcern. (Gur conclusion snot modified in respect of this matter “Attention is drown to Note & of the accompanying financial rests, the Company continues to carry deferred tax assets (ned) of Rs. Rs.41,007.01 las with regard tothe recognition of deferred tox assets on unabsorbed depreciotion, business losses and other temporary diferencs, which view of the management, ehall be reolized on generation of taxable profits In future years However In absence ofthe convincing evidences on availabilty of sufcent future taxable profs, recognition of deferred tax assets, in our opinion, i rot consistent withthe accounting principles 08 laid down under InAS 42, "income Taxes’, specified under Compones (Indlan Accounting ‘Stondords Rules, 2015 (ind-AS) prescribed under Seton 133 of the Companies Act, 2013. Hod the Company reversed these deferred tax assets, the tox expense forthe quarter ended 31" December, 2016 would have been higher by Rs.41,00702 Toes and total comorehensve income oftr tax ‘would ave been lower by As. 41,007.01 Ics. ‘Ena: dpioatayehoo.com Wobata: wtcasandressd.comOLN Das ¥ Prasad ‘6 Based on our review condcted as above, subject ta the observations In paragraph S above, nothing has come to ovr attention that causes us to balleve thatthe accompanying staternent of tunauelted financial results prepared In accordance with applicable accountng standards specified in section 183 of the Companies Act, 2013 read with Rule 7 ofthe Companies (Accounts) Rules, 2014 and other recognized accountng practices and policies has nat dsclosed the information required tobe dislesd in terms ef Regultion 33 of the SEBI (Listing Obligation and Disclosure, Requirements) Reguations, 2015 read with crear number CIR/CFD/FAC/G2/20%6- dated 5" July2016 of SEB jacking the manner in which it Isto be dlsdosed, or that It contalns any rmaterel mistatement. For ae 8 Prasad Chartered Accountants Frm Regstratich No: 03030548 eed eae As Kumar Agari Partner Membership No:067368 Place: Kolkata Date: 13" February, 2017 4 Ghonngbes Lan, Book, Bh Fay So. F, Kaan 700 o18 “a ep ze Wi Fac ae to Pra Spo ‘Wate wonedeangpetad cmAORN ETAL HHATED ‘ome cutee me mcs rau osmosis nn rant is ‘enviar nenonts po eta anes « Tasca | "Cmetal” | omen). |waxonemme” | aco 7 * wast | oes aaa Som ee a = ie a Eirceeetronsnae ; Has) NER Siar “uma st feeicarinwmnpremincond fae] a] gad |g saat Ss) a) 2]. 2 ieemmneonae. oe eo ee ise & eal dual tee ae apr ars Ihe Tar Fra a * eat Ta a ; = ‘am teran| nua tome rer 2 Pet at area TIT a a 7 a TTT a os ‘eaea —_——_ ——————— 2 aes) — nn —_ ed — a — ag 2 = aay Tams TB ra a E(het ets iy con yee ad fra i mie ho a e207 coy te emer a tote ifn eine mtn © Eaten eesoy cone oatanarlt neque ancapua nay cone nae eee gs eroticy tan pape ene baton va ae ‘ees woofer sen car ogg te : ‘ar ate en ene Wa heap te ec egy es re el {8 one as ro pe fom su ce uae na ea pera Be Prose eam ais er sco wpa re este pre el De, eet ae ono omg ee Seoeecemtnsne ‘te one cs way hn eg ay ba en on lM, cn een ee cg ‘ane 19) Det eet hou ayaa {8 Be tid! atone Conny mcg et oy ot hs gee tmnt a ent te Cent ‘ate Cony Oot oe of Ss wy evn rs no th as NANA ep pe Senta eget atm Sy opts cope estan pre toe ste ie te Cena ee Newpete ‘east mturinr ih een vestry ot acer al as acs nearer oN {eta veeay oe ot ent rn ah ae neia oes sa ‘ethno ten avast sen pv hfs sear tack a eres cnet ye Sateen! pep inna viene ee oes targasha mie Sb Sea SN ean ‘Span tng tat pms neprcnsea a wey aeolcSaemnn a eee ge STOR, Uenercrnatn aa er nee choi eel pode ey dae ae eect peg tt ae not eyes Congry aenann t cg ea pasos eet el Even eamestovee fn types cut rast af tee met ey oe (8) Nacsovridr hhc at ede eos te et iD hae ON hs ecg bee 3 a 25, borer ea aba 2a ante waren teh ten Gk ewe epagote fensierqn rit cepa com startin fon Se eons ot et esa spe sed ‘ca ats hag ey an uhm, actos se Sn a emo ‘icinroson Rp Set chase (Inve thong arr cn wae een nt ts ab mn to woth Th age {tu emcee ace enon me Sas eo ony woe ea, ‘snd sr ate il wa and pa st era os das sl se hep ere ‘Pus hope sete ane boumat deca een ewer han Pee ate ‘Eitan woainp cn (Reheat cop ens ae dt ee En cn ren ef eae a do St pa enone amore hnooe toma Sern ee 1 kasona em ne men ei he in ram earns rpc censor ese My ent aaa a eign mgm ae. hr thee an eer ee ‘veshnin da to 39001 nwt mp re me fe py ap el ee ‘rong te hw ps thon ine CurFre Pe Ean ha ale pe es eee ‘oniet 43th ni snremnneon esi otaneehg wea (1 Smet ethcectio tn tnt Ann Yet dp endl ce 25 7 ss | haparicamemanne at eae renee 2) "E) fee chaos = prccoreetetert cust Do Same