Kantiial Patel & Co.

CHARTERED ACCOUNTANTS

Limited Review Report on Quarterly Financial Results of Sanrhea Technical Textiles Ltd.
pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
To
The Board of Directors

Sanrhea Technical Textiles Ltd.

Ahmedabad
Introduction

We have reviewed the accompanying statenrient of unaudited financial results of M/s. Sanrhea
Technical Textiles Ltd. Regd. Office:- Parshwanth Chambers, 2nd floor, Near New R.B.I,
Income Tax, Ashram road, Ahmedabad -380014, for the quarter ended June 30, 2016 (the
"Statement"), attached herewith, being submitted by the company pursuant to Regulation 33

of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015. This
statement is the 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 our review.

Scope of Review

We conducted our audit in accordance with the Standard on Review Engagement (SRE) 2410,
"Review of Interim Financial information Performed by the Independent Auditor 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 assurance as to whether the financial statements

are free of material misstatement. A review Is limited primarily to inquiries of company

personnel and analytical procedures applied to financial data and thus provide less assurance
than an audit. We have not performed an audit and, accordingly, we do not express an audit
opinion.
Basis for Qualified Conclusion

The Company has made long term investment in quoted equity shares for which market
value/book value is not available. In accordance with the Accounting Standard referred to in
section 133 of the Companies Act 2013, where there is decline other than temporary, in the
carrying amount of long term investments, the resultant deduction in the carrying amount
require provision to statement of Profit and Loss. In our opinion amount of ? 3.89 lacs for
diminution in value of long term quoted investments requires provision of Identical amount
(Refer note b (i)).

We further report that had the observations made by us in above paragraph been considered,
the Profit for the quarter would have been decreased by ^ 3.89 lacs and non-current
Investments would have been decreased by same figure.

202, 'Paritosh', Usmanpura (Riverfront) Ahmedabad - 380 013, Gujarat, India.

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Kantilal Patel & Co.

CHARTERED ACCOUNTANTS

Emphasis of Matter

Attention is invited to Note no. b (ii) of the financial results, where in as per the reasons stated
by the management, trade receivables of ? 43.01 lacs outstanding at the quarter end are
considered realisable/ recoverable.

Our opinion is not modified in respect of above matter.

Qualified Conclusion

Based on our review conducted as stated above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with the
applicable Accounting Standards notified under Section 133 of the Companies Act, 2013 read
with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognized accounting
practices and policies generally accepted in India, has not disclosed the information required
to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and other Disclosure
Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it
contains any material misstatement.

For KANTILAL PATEL & CO.,

PA.^fTOSH

CHARTERED ACCOUNTANTS

Firm Registration
on No.
No. 104744W
10474

Date : August 12, 2016

Place : Ahmedabad

AhincDdbdd

ACCO^^

Mayank S. Shah
Partner

Membership No.: 44922

202, 'Paritosh', Usmanpura (Riverfront) Ahmedabad - 380 013, Gujarat, India.

Tele : 27551333, 27552333 | E-mail: services@kpcindia.com | Web : www.kpcindia.com