Ajay Paliwal& Co.

CHARTERED
418,Teacher's
ACCOUNTANTS
Colony,
t@,l
AjayPaliwal
Ambamata scheme,Udaipu r 313001
Ph.:0294-2430466,
MobiIe:94!4tGL477 B.Com.,FCA,ISA(ICAl)
Email:ajayhpaliwal
@gma il.com

To
TheBoardof Directorsof PIL ITALICA LIFESTYLELIMITED.
Kodiyat Road,Village: Sisarma,
Udaipur-313031

Sub:Limited ReviewReport

we havereviewedthe accompanyingstatementof unauditedfinancial resultsof PIL ITALICA LIFESTYLE
LIMITED for the QuarterandNine Monthsendedon 3l't December,2016. This statementis the responsibility
of the Company'sManagementandhasbeenapprovedby the Boardof Directors.Our responsibiliryi; to issuea
reporton thesefinancialstatements
basedon our review.

We conductedour reviewin accordance with the Standardon ReviewEngagement (SRE) 2400,Engagements to
ReviewFinancial Stqtementsissuedby the Instituteof CharteredAccountantsof India. fhis standaidrequires
thatwe plan andperformthe reviewto obtainmoderateassurance asto whetherthe financialstatement,*i fr..
of materialmisstatement.A review is limited primarily to inquiries of companypersonneland analytical
proceduresappliedto furancialdataandthus provideslessassurance than an audit. We havenot performld an
auditandaccordingly,we do not expressan auditopinion.
,
Basedon our review conductedas above,nothinghas cometo our attentionthat causesus to believethat the
accompanyingstatementof unauditedfinancial results preparedin accordancewith applicableur..i*ting
standardsand otherrecognizedaccountingpracticesand policieshasnot disclosedthe informationrequiredto
be disclosedin terms of Regulation33 of the SEBI lListing Obtigationsand DisclosureRequirements)
Regulations,2015 including the manner in which it is to Ue Oisctosed,or that it containsany
material
misstatement.

For Ajay Paliwal& Co.
CharteredAccountants
FRN: 012345C

CA. AJAY PALIWAL
(Proprietor)
M. No. - 403290

Placeof Signature:Udaipur
Date:t4.02.20L7

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