MITTAL CHAUDHRY & Co, CHARTERED ACCOUNTANTS R.265D, GREATER KAILASHLL, S-108, GREATER KAILASHGL [NEW DELHI- 110048 NEW DELHI - 110048 PHONE: +91 1) 2621 4981, 19811 46526682 PHONE: +91 112923 8691 WEBSITE: www.meco.in FAXNo: +91 1141004491, Auditor’s Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Clause 41 of the Listing Agreement To Board of Directors of Jagat We have audited the quarterly financial results of Jagatjit Industries Limited (“the Company”) for quarter ended March 31, 2015 and the financial results for the year ended March 31, 2015, attached herewith, being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the disclosures regarding “Public Sharcholding” and ‘Promoter and Promoter Group Shareholding’, which have been traced from disclosures made by the management and have not been audited by us. These quarterly financial results for quarter ended March 31, 2015 and the financial results for the year ended March 31, 2015 have been prepared on the basis of the financial statements of the Company, which are the responsibility of the Company’s management and have been approved by the Board of Directors. Our responsibility is to express an opinion on these financial results based on our audit of financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25, Interim Financial Reporting, issued pursuant to the Companies (Accounting Standards) Rules, 2006 read with Rule 7 of the Companies (Accounts) Rules, 2014 in respect of Section 133 of the Companies ‘Act, 2013 and other accounting principles generally accepted in India, 2, We conducted our audit in accordance with the auditing standards generally accepted in India, Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion. Attention is invited to note 2 regarding figures for the quarter ended 31 March, 2015 (disclosed in column no, 2 of the attached financial result) being balancing figures between audited figures for full financial year ended 31 March, 2015 and the published unaudited figures for nine months period ended 31 December, 2014, which were subject to limited review4, In our opinion and to the best of our information and according to the explanations given to us, these financial results; i) is presented in accordance with the requirements of clause 41 of the Listing Agreement in this regard; and ii) give a true and fair view of the net loss and other financial information for the quarter ended March 31, 2015 as well as the year to date results for the period from 1" April 2014 to 31% March 2015 5. Further, we also report that we have, on the basis of the books of account and other records and information and explanations given to us by the management, also verified the number of shares as well as percentage of shareholdings in respect of aggregate amount of public shareholdings, as furnished by the Company in terms of Clause 35 of the Listing Agreement and found the same to be correct. For Mittal Chaudhry & Co. Chartered Accountants Firm Registration No. 002336N Nitin Chaudhry Place : New Delhi Partner Date : September 01, 2015 Membership No, 091463MITTAL CHAUDHRY & CO. CHARTERED ACCOUNTANTS .265D, GREATER KAILASHA, -108, OREATER KAILASH, [NEW DELHI 110048 NEW DELHI 110038 PHONE: +91 11 2621 4581, +91 11 46526682 PHONE: +91 11 2923 8691 WEBSITE: wwew.meco.in FAX No. 491 1141004491 Auditor’s Report On Consolidated Year to Date Results of the Company Pursuant to the Clause 41 of the Listing Agreement To Board of Directors of Jagatjit Industries Limited |. We have audited the consolidated annual financial results of Jagatjit Industries Limited (“The Company’), its subsidiaries and an associate (“the group’) for the year ended March 31, 2015 attached herewith, being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreement except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have not been audited by us. These consolidated annual financial results for the year ended March 31, 2015 have been prepared on the basis of the consolidated financial statements of the Company, which are the responsibility of the Company's management and have been approved by the Board of Directors. Our responsibility is to express an opinion on these consolidated financial results, based on our audit of consolidated financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standard (AS) issued pursuant to the Companies (Accounting Standards) Rules, 2006 read with Rule 7 of the Companies (Accounts) Rules, 2014 in respect of Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India 2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financials results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as consolidated financial results. An audit also includes assessing the accounting principles used and significates estimates made by management, We believe that our audit provides a reasonable basis for our opinion. 3. We did not audit the financial statements of four subsidiaries included in the consolidated year to date results, whose consolidated financial statements reflects total asscts of Rs. 3,106 Lakhs as at 31° March 2015 and the total revenue of Rs. 525 Lakhs for the year ended 31 March 2015 in respect of four subsidiaries and the Group’s Share of loss of Rs. 0.12 Lakhs for the yin respect of one associate included in the accompanying financial results. These financial statements have been audited by other auditors whose reports have been furnished to us, and our opinion on these financial statements js based solely on the report of such other auditors. 4, In our opinion and to the best of our information and according to the explanations given to us and on the basis ') have been presented in accordance with the requirements of clause 41 of the Listing fated in paragraph 3, these consolidated annual financial results; Agreement in this regard and ive a true and fair view of the consolidated net toss and other financial information for the year to date results for the period from 1* April 2014 to 31" March 2015. 5. Further, we also report that we have, on the basis of the books of account and other records and information and explanations given to us by the management, also verified the number of shares as well as percentage of shareholdings in respect of aggregate amount of public shareholdings, as furnished by the Company in terms of Clause 35 of the Listing Agreement and found the same to be correct, For Mittal Chaudhry & Co. Chartered Accountants castration No, 002336N NA Nitin Chaudhry Place : New Delhi Partner Date : September 01, 2015 Membership No. 091463YAGATJIT INDUSTRIES LIMITED Regd tos Jaga Nagar 144802, Dist Kapurale (Pune) Phone: (0101127881218 Fax (0102)2780118 Ea jlgagat cam. Websta:mww agatitcom ‘Corporate aon Number L1SS20°BTe44PLCODIETO ‘STATEMENT OF AUDITED FINANGIAL RESULTS FOR THE GUARTER AND YEAR ENDED ON SST MARCH, 2018 \upees in L2es) “Ssadaone Corsoldied ‘Guarer “Guarae—~]Guarer | Yaar Year Yor | Yes | Enea ended | endes | ened | ended | ered | creed aries ayoaa01s | si-rza0re | stosz0v | 31092015 | sueaznte | siassmis | ataeane (Aus) — | (Aner Linted | audi) | “Aucteay | “Yaucted) | audios) | taudtos) reve a a ro = 5. a Hi a 7 score Wo operations (@) Net Saestncame rom Operations zrses| agora] sz] 120,920] 94260) tznads| isa. test: Exiee Duty 9389) 9505] 10404) 40.880) aga) “aaae0| ‘an se] Net Seles Excise Duty Income ‘ror operations 11.202 ssa7a} asa} eo.ovo] nz] sosss} ont (0) Ober Operating Income ta 623 sus] a7oo| ra) area] aaa Hott incoma tem operations (at) 1998 zo] 2a0m7] —sae63] cao} eases | —saeoa 2 lespenees la Cost of matrats consumed #700] toss] 98,888] 20.020) 36.988) sp >. Purchase of stocksn-rede or] s.607| asi] asso] rst] “aeal 2 Change in rventorie of ished aeode, workin rograss and stot ade 440 2 (350) zz} ase 2a] aes ja. Emeioeos bones expense 2m0 age] 7a] aor] Faas! got] Ya le Oeprecton ane amortaaton Expense ‘eo ‘57 455) 1243) aaa] 2a] tal If Other Expenses oo 4907) ssl atsa] —a07a5)—ziaerl sae) 13 Seling Sxpeneee 2805 3282, aes] i170] tae] 1700] teal Total Expenses zon 2rsa7]|—aatza] 5282] asta! saz00 |} os.ase 8 | Protoss) tom Operas befor Other income, tance costs Exceptional Hems(-2) 198) worm] 082) sar) asia] zoom] ay 4 [onericome a a} a] 100 120 se | 5 [Protoss tam oxsnary setts before (2540) (993) asi] aeten]——cra02y) ras) 1408 Jnance cost ara excoptonal hrm (44) | 6 |Financo costs 08 8 755) aes) pse] tea] 7 [Protuos) tom ordinary seis stor (9520) crs) sro) (8508) az06)) —s526)) aera finance ost but bate excepto feme(-6) © |esceptiona! toms - . © [Prete oss fom Oranary Atti (9528) crs] rao] 65045] zee) esas] az oor (7+), 10|Tax expen. ‘Curent rox Fert year - . . : a ° Detered Tae cate] ast] (219) 27] cata ar War CredtEnttement : : : : a} : 11 /NetProtLoes) tom OrinayAetites 2300) i775) sss} cases] 4209) caso] casz jAter Tax @-10) 12|bxroorsnary em (Net of wx expenses RS. ) : . . 13)NetProttLes) forme prod (1-12) 2209) cs) 98m} 4386} casa) sony] cas 14|Sare or rotujoss of associates : : ° @] 15) inonty intret : : : 1 - 16|Nec Promos) anor oes, mit ntorst 2209] cars| 99m} e308] case] soy] asa land shar of potions) of asociates | serge) | 17 Paiéwp Easy Shar Captat 635) seis] ats] ats] ass] aes] ais [Face vue Re 10 per aha) 18)Reseres excusing evatiston reson (es por lance anet of previous [scouning sows] 5255] sate] sans[8 ang Pe Sars aioe aor Tay petatennyct smn) Isms ez] won| ase] 000) ear [sonace tan) en] am) Gao San] Hearing Pu Shr seer ens) \rattten otra) fora =| gon] so] 009) coa9] wan ‘slonee Ss sonl__{t35) foe) fo36—_ Gan oo | [& PARTCULRE oF BURREROTOTS 1 ]pasesraaraare mane a ureters 5 saesu| szoego4| szansoe| sasnooe Perea Sting var] anor] "aomm| “Spe | PSS 2 lemmas nd rams Stating Isrpaceaencoes hunts tas . . | [ectageo Sears tt : imociaarg sono pana Gs) [tocmane st rriors Sete a . lire ete conn Joy Nenana || Number of sharas (Exchasing GOR) 18,896,208 | 18,690208| 18,¢99.208 | 15,699,206) 15,609208 Pocraget Sted ars ote veo} “teaso| "co | “Soc | toon lmromng opens an pete Gres) Poca Sereda ore ea sama} uce| sce] s4ce] aon recat sh co - [ose 1 VESTS COREA Pang te bonne te gere ss Inecaedcuog te ger [Desert aug gtr | [ner amend Se oe eater iw Segment wise Revenue, Results and Capital Employed scons - taper ata qt |e] — eine Sent Yar va] ae ‘aed ree | tes | eam | cee | ees | cone vuneare sichains | annane | syonzns | standon | astasbu | ata | a1 | “aati” | dtertimace | “oon | aod’ | “eg | “aun | “Ge ‘ose tH _ a a ‘ay 8. o a 8 fr [eoonen Reena tae oun | a. Bovranes | reso] rear} gazr7|—soazo | onzr7| azo foo aae| "tao Taare] foazs| Soara|aaee etn wo} 0) R) ees] as) Se Sones om| at] oamt| Son] as] TS Omics o] S| Tome] | Ma] owt oss] asm] zzszs] —anana| erate] snoen] onze esr sen vee ol | ates in teasers tom ons ous} ms] zz] nate] caatt| enor] se 12. |seomen Resuts | — co) as} at] ae] az] ae] ae eae | ee [rena (2.007 6 sa] 3 rsa) 650 1749 Less: ananent eo 1 yes} 700200] ares] some] az Woneturteatiepeatse et | fe] sas] en| Sts] 2] SR] low potutsn Baer osm) ors] are] seo] ame] san) ara a. leap nena [seared nets apne Cure Use) | oonacie ouss| s1aes|anste|—msuas|—sosral —saaas| snore fron aor] “aues|“Vant|“aaar| St] Gas] St [pat fam| scam arg} aua| Sara] Gaus (5 Gms Untnesto 3) (@2p] 2s] ciao) kom) pes] ate ha sn| _o2u|__ ase _eoe| ose aael a, ‘The sbove furs inte hate ptanig fo Paotagrg Oso when hasbeen erin wih eet rem OUGLZONA WyStatement of Assets & Les ~ (Rupees in Lacs) Sasa ‘Consoictea feat ro faa feat auoazors | s10az01 | sxos20is | s.08 2014 Aula audied | “Audios | *Auaited [A EGUITY Avo LILIES |snarenodor' Funds Share Coptt 4015 aes 4015 Resones and Surplus 22200 77250 2rats INon-Current Liabilities ong Ter Baronings nase wwses| 4522/1060, Deter Tox Laity (Net fa ‘28 rea] ‘2.99 [otter tong Term ube 1848 cas] 46 aa Leng Tem Provsene 2098 20s) 2058] 2.008 ‘Curent bites [Shor Tem Baroninge 1390 rae] 1.100/ 7998 rade Payasiss ase sees] 1587] 13.08 joer Curent Labies 11788 sez) 11705] ‘eee [shot Term Proviens ‘se 482 58 82 IroraL | suri) reaze| e284) 70.705 19 [assets INon-Current Assets Feed Assets | “Tenable Assets ers sais] ogra] 92,109 Inanotte Assets 3 16] 1282] “tae Copa Worn Progress 3 33 55 ‘65 INoncurrnt investments 80 1208 as ana Lengitem leans ana novancos 4251 asia] 40068] ase [ores roman! aces 2am vee) 2] tea \corontAssots [urent vestments 2 2 33 2 Ivano niga sues) anaas | 1.088 [Trade reetabies 2324 2re2s| 2082s] ate loseh and Sone Satancoe 03 to47 26] “har ‘Sher tox leans an aavanoos 458 ares) 4508) 4700 [omer exrentasse a7 45] 307 148 [rorAL aura zesos| o20se| 70,708 Notes: 1. The above resus were reviewed by he Audit Commitee and approved by the Boor of Oietrs at ft moeting held on 1st ‘September 2018 andhave bees audtod by the Statuary Avstor othe Company. 2, The fquros for he quater end 91st March, 2015 ae balancing Hgues elwoan the aude fre othe ul fancial yoar and the publishes year to daze Rgures up the thie quer of he caret Snanil year 5. While computing Puble Starsoidng above (Nunber of Spares ang Percentage of Shareholding, 252.10.000 underhing eauty shares tthe Glbel Depostony Recits (GDRs) have been excluded trom te lal pid up ext Capa ance GUNG do no car, voting ints. 4 Segment revenue snd resus of Beverages segment or he curent quer an yoar ended! 3108 2015 incide ental income of Rs 573 acs and Rs. 410lacs and Rs. 2.24 lacs and R617 lace respecvaly fm te suis ropes of bs compery 5. Production acess the Glass Division of he compa suatd al Sahibebad (U.P) heve been cacontnved WS Ap, 2019. {The Comeany has provided for deprcition adopting the use ves ofthe assets (exept for some plant ond machine) Presented in Schedule I of the Companies Ack 2018, However some pants and machintly have Deen Geprecaica ee ie luted uel! He asessed by the technical experts Which are fort rom ha use ie preseibed in Seieduo teen so Felvarprovsens hereot Hed ie Company continued withthe previously sssessed sel if, charge for depeciton and loss for he peted ended Stet Mach, 2019 would nave been higher by RATS Lacs forthe assets nad ae a at Ap, 20"4 Furor beted on Wasehees: anes rowed i aus 7) of Senos ofthe Companies Ac.2013, an runt of Ree lacs (nto atered lax asnes 156 nn) Topreentng th caning value of hose assets whch have Became i has Sean charged the rtamod eatmnge ae a Ter oat sore 7 Flaws of te previous pared have been regrouped /recassfed, wherver necessary o maks them comparable. For JAGATJIR INDUSTRIES LIMITED Whey Place: Now Dei PERI KAMESWIARA SHARIA Date: 05 09.2015, biREcTOR