empes’ Empee Sugars and Chemicals Limited Administrative Office : *Empee Tower" 69, Harris Road, Pudupet, Chennai - 600 002. Tol; 91-44-28531111 Fax : 91-44-28555163 Web : www.empeegroup.co.in CIN: L24110AP1988PLC009291 13.02.2017 Bombay Stock Exchange Limited PJ. Towers Dalal Street, Mumbai 400 001. Dear Sirs, ‘Sub: Outcome of the Board meeting - Unaudited Financial Results for the quarter ended 31.12.2016. The Board of Directors at their meeting held on 13.02.2017 have approved the Un-audited Financial Results for the quarter ended 31" December 2016. The copy of the above results along with Limited Review Report are enclosed. The Meeting started at 5.30 p.m. and concluded at 6.30 p.m. today. We request you to place the above information on your web-site. Thanking you Yours faithfully For Empee Sugars and Chemicals Ltd M.P.Purushothaman Chairman’& Managing Director Endla/a Plant |: Ayyapareddipalem, Naidupet - 624 126, Nellore Dist., Andhra Pradesh. Tel : (08628) 248150, 248171 Fax : 08623 - 248172 Plant il: Alangulam Road, Edaikal Vilage, Ambasamudram Taluk, Tirunelveli Dist. - 627 621. Tamil Nadu. Ph : 00634-263643 Ph : 04634-251711VENKATESH & CO Chartered Accountants IN UDITORS' PORT TO THE ECTORS OF EMPEE SUGARS AND CHEMICALS LIMITED "We have reviewed the accompanying statement of Unaudited Standalone Financial results of Empee Sugars and Chemicals Limited for the Quarter and period ended 31% December, 2016. This statement is the responsibilty of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial results based on our review. We conducted our review in accordance with the standard on Review Engagements (SRE) 2410. ‘Review of Financial Information Performed by the Independent Aucitor 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 essurance as to whether the statement is free of material misstatement. A review is limited primarily to inguirles of company personnel and analytical procedures applied to financial data and thus provide less assurance than audit. We have not performed an audit and accordingly we do not express an audit opinion. ‘The company has made a reference to BIFR as the net worth is eroded for submission of the rehabilitation scheme. Based on our review conducted as above, nothing has come to our notice that causes us to believe that the accompanying statement, prepared in accordance with 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 has to be disclosed, or that it contains any material misstatement. , For Venkatesh & Co M No. 026336 Partner Place: Chennai Date : 13/02/2017 “SRI RANGA’, New No.1 51, Mambalam High Road, TNagar, Chennai - 600 017, Telefax : 2814 4763/64/65 /66 Email : venkateshandco@gmail.comENPEE SUGARS AND CHEMICALS LIMITED. ‘ms L24rtoxes0ner. C0002 Regd Office: Ayyaparectipalom, Naldupe! Mandal, Nee Dstt, Andhra Pradesh Statement of Un-Audited Financial Results for the Quarter ended 31st December 2016. rant Tannits | ‘Guarter ended Tine onthe end? | vos onued len paneel siazzois | 0092036 | a2.az.201s | 2.222018 | 31.22.2015 | 213.2036 tes : (Unaueitee) | (Unaudtes) | (Unaucted) | (Unaueted) | (Unaudted) | (Aueted) 2 |Income trom operations [Net noe income from eperatons (Net of Excise 325987! sengo| 37936) 639023] 49280) sean ay) (tha eperatingincome : [otal incore rom eperations (net) aaa} 2se0ad | syase|essoas | yasng0 | soaaar 2 expenses (a) Cost of material consumed aagizi| 2osrm| —ss0ss| s7is47) —106s.60| 576453 {b) Purchases of stoctintrade : : 7 7 (6) Changesiniventories offinched goods. work: | (152571] ys 5g|(7830)] 2035) 45408] ego ineprogate and stocksintrede {@)_Erployae benefits expense xaa65| agg | —ro2sa| 302s] senso] e735 (6). Beprecaton and amortisation expense coa7s| 60877] sos76| 1.82630] 1826.30] 2.47358 (0) Provision for Bad Debts - : - (g)_Otherexpenses szazs|__sasz|_ saga |_-soose| 2093 | _a4s3.ae Fatal expenses ‘Seai2s | 290250 | izsas1[azie20] —a0072n | 0,347.78 3 rote (Loss) from operations before other income, ea lecened ett teats aaa te (6s138i] (522,10 0398)] asas7) (2sis.n] (5302. Other income 020 an) 3320] 745 ass! 25051 5 [Prof Lots} rom ordinary actives before finance i Conk se dacigecoithnne (4 (661.8]] seo] (7075)) G.sisai] —@arz.e}] (5,052.40) 5 |inance cost 032 oar} 195597] 577] sa7az| 587.45 7. |rofit/ (Loss) fom ordinary activities after finance ae eee: isle deportiaabiniaidnieyatein (6e150}] (sar.16}] (2.826:72)| (3.88948) (8,160,301) (40,738.85) 8 fexceptionalitems : - 1 [eroti/ (Lose from ordinary activities before ta (7 eel nes eneee tm(7*8)) —gs1s0] sans] -2.826.72| 2889.49] 8.16030) | -20.23985 20 [roxexpense : 7 21. [net Proe/ (oss from: es ator tax gr trone/ tow tomerinany acter steoreei9s) srs] squas] 22672] tensa] 26020) 1073945 12. [earaorainary tems - 7 13, |Net Profit / (Loss) forthe period (12 12) (esiso] (saras} e267) caasas)| (@6as0/ 20,730.85) 14 [share of Profi / oss ot ssocates (applicable for 7 y eons) 7 | 25 |ivinorty inteest (epplieable for consoidted certs) : : | 26, |NetProtie/ (Loss after taxes, minority Intarest and (6150)] (521.26)) @.92872}) 1.80049), (2.260.20)| (10,739.35) share of profit / oss) of associates (13 +24 +15) sian eauityshare capital Fae Vauo ofthe Shar shal be inleate) 439729] 429729 4,9728| 4as729] 4197.29] 4197.25) Reserve exuding Reveluation Resaras as per balence Hai [hoot of previous accounting year : eee Earnings per share (EPS) 2} Dssiesnd Diluted beforeestacrdinaryitems == | tase] 2s] (673))(4s0y) isa] (asa 9} Basic and Diuted after extraordinary Rome (1s) (229) a.aay] eslEMPEE SUGARS AND CHEMICALS LIMITED ‘ON 1241 1oxProaePLc00e2et Regd, Ofie :Ayooeredipnes, Naktpe! Mandal, Notre Dist, Anda Pradesh, 2 erica ‘Guariarenaea ise onint onaea—[ Year sada FEB | aaoazeie | aE | Sats | ais | ans ureudres) | (unaucies) | (unawares) | qurawited) | (Unaudited) | (aus ‘able shareoiging Nunte fshares sememe| —rz7ries8| —szrrst6| 2706638] tarrisss| —sezrrie05 *parcetane of sereolang 30.6 3043 sas so46 |] 3043, 3048 Promoters and Premater Group Shareholding Parad Enconteres hunter of hares zimoeer| —anatoear| —exstog0r | zxstoeor| axsmogor| —zustqeor Pererige of shaves aba. oo arene of promote and errtereroup) | T2983 raz9 nae ress] te28 ne “Pacentage ct shares (asa se! Pe tl she “apt tha company). } sow sos0 020 ox] soo 030 ») Non ensures | Barber ef shaes eorsasr| canes | econgsr} savsesr| .000es7) sans Porerage a charge at 2 ha oat saroneg ote Prom ae Promote grup) 281 mn an mer} oar an “Parcatage af share (asa fhe al sho {estat ofthe company 1928 1620 1928 vam] saz 1920 ‘Segment wise Revenue, Results and Capital Employed along withthe quartery results (Rain tab) “Guararenaea Tine wont ended ey TBS | wosaee | Shama | saaame | seman | ssaani6 oe Woovsted) | (unsucted) | unoudtes) | (ueasdios) | (uroudted | adits) wt szemeame ron 3c serene doce nse mses a Semen suse rena sour sa om lo) Sesnant-n> =n san a7 a8 lessarnent Poser se1270| nf 1 leporsocame 7 ars ra a Zou a tare) aaa [es er Sree [et stosneome From Operas saa] ee) Tas Tare Fe |) Ssprent- Somme cemss] crass] exasa]—azmas) © rzeien] easy Jaysetnere-ui> ena} oth90 ose faa] "sear are e\Seone=Pover czr3a] earse) rsa] sauaze| cern] (yeas ls unaocaes cosa] rar maa aa] rare] asia] — ear] tes) es om oar fase] a] sone i) Omer natn Sparen ot jrpunaecesencane [arben soe Tax aia a] ear] a] a ipa Eagle [ssgrent sme —Sesra Lites) |=) Sennen suze seoss ove sziero] ——cousss] 21874 jm seprere-u> 2 ‘ana ‘cs esse) ated |= Seqren-Powe aoe] arosse] aan] atnasl az [nena ese ‘ss s2aea) _eastay] sez asa] fom aeteea| ——gu2 0] —_seaeneeEMPEE SUGARS AND CHEMICALS LTD Notes: 1. The above audited financial results for the quarter ended 31.12.2016 have been reviewed by the Audit Committee and approved by the Board at its meetings held on 13.02.2017. 2. The company is engaged in sugar, IAP and Power segments and segmental accounts are given in the financial results. 3. As reported the Company was registered under the provisions of Sick Industrial Companies (Special Provisions) Act, vide case no:69/2011 and consequent upon abolition of BIFR in December 2016, the Company is in process of filing an application under insolvency and Bankruptcy Code 2016. 4, Due to non availability of sugar cane In and around Ambasamudram, Tamilnadu, sugar production ‘was discontinued. The 50 MW power co- gen plant in this location has stopped generation of power since 1.12,2014 to 30.6.2016 due to a) Non availability of bagasse from the sugar factory and) Further coal as an alternate fuel to generate power could not be purchased due to financial crisis. However during the quarter ended 30.09.2016 the Power plant had commenced generation of power by way of avalling credit facilities for purchase of coal. Upon PNB filing DRT application, ORT Chennai prohibited the Compeny to generate power by its interim orders by way of attaching the properties situated at Sugar Mill, Ambasamudram. The Company has taken all steps to legally fight the issues before DRT-II, Hon’ble High Court of Madras, Supreme Court and as the Orders of Hon'ble High Court of Madras and Supreme Court could not be implemented due to BIFR status of ‘the Company, and on an application preferred by the Company to operate the power plant at Ambasamudram, before DRT-il, Chennai, ORT in its hearing dated 13 01 2017 has reserved its orders. 6. The Company has received SARFAESI notices u/s.13(4) of the SARFAESI Act from Indian Bank, Union Bank of India, Punjab National Bank, indian Overseas Bank, Oriental Bank of Commerce, Bank of India and Andhra Bank to take symbolic possession of the Sugar unit Assets located at Ambasamudaram. The Company has filed an appeal before DRT, Madurai and the same is pending, However excepting BOI, PNB, IOB the other Banks have assigned their borrowings. aggregating to 58% of total outstanding dues in respect of all the above Banks to M/s.Edelwelss Assets Construction Co.Ltd,{EARC) Mumbai, It is reported that IB and UBI have assigned their debts pertaining to Naidupet and Ambasamudaram, 7. Due to sickness of the Company, since some Banks as mentioned above, have gone In for ARC mechanism, interest on borrowings from Banks have not been provided for. 8. Previous period{s) figures have been regrouped wherever necessary. For Empee Sugars and Chemicals Ltd Mesa Place: Chennai MP. Purushothaman Date : 13.2.2017 Chairman & Managing Director