*

ASTIRWAD Srmnr S& NxnUSTRIES LmnTED

CIN :15 I 909\t/B l 986PtC04020I

Regisltered & Head Office

6, Woterloo Street,
Sth Floor, Suite No, 506, Kotkoto - 200 069
Ph ', 22! 43 037 2 I 2210 I 37 6 , Fox : 2243 037 6
E-moil : oshirwodsteels@gmoil,com

01't August, 2016

Dy. General Manager
BSE Limited

Corporate Relationship Depa rtment

New Trading Ring (1,'t Floor)
Rotunda Building
PJ Towers

DalalStreet

Mumbai- 400 001.

Dear Sir,

Sub: Submission of LJnaudited Financial Results for the

euarter ended

3Oth

June, 2016.

Ref: Regulation 33 otFsEBl (Listing obligations and Disclosure

Requirements) Regulations, 2015.
This is to inform you that the Board of Directors of Ashirward
steels & Industries Limited at its
meeting held today the or-'t August,2016, have taken
on record and approved the unaudited
financial results for the quarter year ended 3Oth June, 20j.6.
The said financial resr'ilts for the Quarter ended 30.06.2016
along with Limited Review Report of the
statutory Auditors are being sent to you online as an attachments
to this letter and are also being

uploaded on the contpany's website: -www.ashirwadsteels.com

and an extract of the same in the
prescribed format is also being published
in the newsp.rpers for the information of the
sha reholders/investo rs.
This is for your kind information and record.
Thanking you,
Yours Faithfully,
For Ashirwad Steels 8r lndustries Ltd.

Wz-'
Dalbir Chhibbar
(Managing Director)

Sponge lron Plont

Plot No, Al, A3, A5 & & At

Phose-V Adityopur Industriol Areo
Ghomorio, Jomshedpur - B32l 0g
Jhorkhond, Ph : (0657) 2386003/309207ij
Fox : (0657) n86283

Soonge lron Plont

Peetom polli Approoch Roqd
Vill. & Post: Veliminedu, Mondol : Chifuol
Dist : Nolgondo - 50Bt I4, Tetengono
Phone: (08682) 274690
Fox : (08682) 274691

L,P,

gos Bottling Plonl

Kisnopur Rood, Roigorh

Chhcrttisgorh - 496001
Phone I (077621 232558 (O)

(o7752) 223018

(F)

L.P. Gos Bottling ptont

Uluberio lndustriol GroMh Centre
Uluberio, Howroh, West Benool

Pin: 7l

315, ph:{033)266i OZi4

A$HIRWAD STEELS & INDUSTRIE$ LIMITED

Regd,Office:6 Wtterloo Street,Room No:506,51h Floor, Kolkata-7ooo69 (W B) CIN : LS19O9WB1986PLCO4O2Ol
Tele Fax.(0:13)22430376, Email.:ashirwadsteels@gmail.com, Web Site :WWW.ashirwadsteels.com

PART I :STATEMENT OF UNAUDII-ED FINANCIAL RESULTS FOR THE QUARTER ENDED 3OTH JUNE. 201 6

Rupees in Lacs except for earninq per sha re

For Three llllonths Ended
For Previous
SL
No

Year Ended

PARTII:ULARS

30.06.20'r 6

UNAUDITED
ncome from Operations.
a) Net Sales / Income from Operations (Net of Excise Duty)
b) Other Operating Income
Total Income from Operations (Net)

31

.03.2016

AUDITED

30.06.20't 5

UNAUDITED

31

.03.2016

AUDITED

t3

21 75

87 00

21.75

21.75

87.00

01

o tz

974

15.73
11.44

14 29

21.23

16.20
125.37

Total Expenses
Profiu(Loss) from operations before other income, finance
cost and exceptional items.(1-l!)
Other lncome

55.18
(35.68)

('104.42l.

78.21

81.10

ProfiU(Loss) from ordinary activities before finance cost and

exceptional items.(314)

42.53

123.32

Finance Cost
ProfiU(Loss) before ordinary activities after finance cost but
7 before exceptional items. (516)
8 Exceptional ltems
9 Profiu(Loss) from Ordinary activities before tax (7r8)

28

10

11

lt

ExDenses
a) Cost of material Consumed
b) Purchase of Stock-in-trade
c) Change in inventories of finished Goods,work-in-progress &
stock in trade
d) Employees Benefit Expenses
e) Depreciation & amortisation Expenses
l) Other Expenses

19 50
19.50

Tax Expenses (Net of Mat Credit EntitlemenU Deferred Tax

Asset)
Net Profiu(Loss)from ordinary iactivities after tax (9t10)

Extraordinary ltems (Net of Tax Expenses of Rs Nil)

13 Net ProfiU (Loss) for the Periocl ('11!12l.

4'1.64

1sl .31
(1

29.56

84 53
25.40
62 89
218,09
390.91
(303.91

70.90
(58.66

317.49
13,58

0.00

3.24

005

10.77

42.53

(26 56)

(58.71

2.81

(26.56

(58.71

2.81

34.43

(26.561

(58.71

34.43

(26.561

(58.71

18.19

1,250.00

f .it50.00

1,250.00

1,250.00

42.53
8.10

15.38
18.19

12

Paid up Equity share capital(Face value Rs.10/- each)

15
Reserves excluding revaluation reseryes as per balance
sheet of previous accounting year
16 Earning (Loss) per share (befo,re extra ordinary items) (of Rs.
1

3,821.44

0/- each)

Basic & Diluted:

17 Earning (Loss) per share (after extraordinary items) (of Rs. 10/

028

(21.00)

(o 47)

0,'l 5

0.28

{21 00)

(o 47\

0.1 5

each)

Basic & Diluted

Notes:
The above Financial results for quarter ended 30 06,2016 were subjected to limited review by the statutory auditors and after
review by the audit Committee ; were taken on record and approved by the Board of Directors in their meeting held on 1st
August, 201 6

The Operational & financial perfrcrmance of the company during the quarter continue to be severly and adversely afflected
due to reasons beyond the control of the management which interalia include unaffordable prices of iron ore, coal,fuel and

highly sluggish market conditions for sponge iron in the country resulting in unremunerative selling prices
The Company mainly operates in lron & Steel segment only and hence there is no other reportable segment as per AS-17.

Previous year's figures have been rearranged/regrouped/recast wherever necessary.

Place: Kolkata
Date: 01 st August'

For Ashirwad Steels & Industries Ltd.

201 6

Dalbir Chhi

Managing Director

m)
rL 'rrr

Qrad-fran d,Associates

\=-J

ChafteredAccountants

CA. A Pradhan

E-mail : ashokesther@lrediffmail.com

28-B, K,alidas Patitundi Lane,

(3round F|cor, Kolkata - 700 026
Telephone: 4004 5460
Mobile :98314 91240

Limited Review Report of Ashirwad Steels & Industries Ltd. by Statutory Atrditorc for
the quarter ended 30ff. funq, Z[6.

Review Report to lhe Board of Directors

We have exa-rrined the accompanying statement of u:naudited finiancial results of M/s

Ashirwad Steels &: Industries Limited for the period ended 30ft June, j1016. This statement is
responsibility of the Company's Management and has been approved by the Board of
Directors. Our responsibility is to issue a report on these financial statements based on oue
review.
We conducted our review in accordance with the Standard on Revi<lw Engagement (SRE)
2400, Engagementt; to Reaiew Financial Statements issuerd by the Institute of Crartered
Accountants of India. This standard requires that we plan and perforrn the review to obtain
moderate assurance as to whether the financial statements are free of rnaterial rnisstatement.
A review is limited primarily to inquiries of company personnel and analyticallprocedures
applied to financjal data and thus provides less assurilnce than an audit. We have not
perfor:med an aud:it and accordingly, we do not express an audit opinion.
Based on our revierw conducted as above, nothing has conne to our attention that causes us to

believe that the accompanying statement of unaudited financial results prepared in

accordance with applicable accounting standards and ottter recognizeri accounting practices
and policies has not disclosed the information required to be disclosed in tenns 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 A lPradhan & Associates

(Finn's Registration Numlen

Proprietor
(Membenrhip Numben 053543)
Place of signature: Kolkata

Date : 01"t August2016.