FINEOTEX CHEMICAL LIMITED 165/29 Mag 25,2016 To, The General Manager, The Manager. Listing Department, Listing & Compliance Department ‘The Bombay Stock Exchange Limit The National Stock Exchange of India Limited PJ. Towers, Dalal Street, Exchange Plaza, Bandra Kurha Complex, i Mumbai - 40 003 Bandra East, Mumbai - 460051 Company code: 533333 Company code: FCL Dear Sirs, Subject- Standalone & Consolidated Audited Results for the year ended 31" March 2016. in compliance to Regulation 33(3|(d) of the Usting Regulations, please find enclosed herewith Finenciat Statements and Statement of Assets and Liabilities of the Company and Auditors Report for the Fourth ‘unrter and Financial Year ended on 31” March, 2026 and Form A { for Audit Report with unmodified opinion} ashich has been approved and adopted by the Board of Directors at their meeting held on 25° May 2018, which ended at 5.00 p.m. HIGHUGHYS i, The Consolidated PAT of the Company increased by 32% 2, The Consolidated ESITA of the Company has Increased by 42% Kindly acknowledge ceceipt. Thanking You. Yours fatthfully, FOR FINEOTEX CHEMICAL LIMITED Cee Surendrakumar Tibrewala Chairman & Managing Director Enel: As above egd, Difioe £42 $43, Manoratra Chambers, 9 V. Pad, Eaners (West, Munias- 480054) dha Phone : 4-31 22) 28 Fant in3' 22078584108 Bom pete Inln@ineotee cara Website: wwe haeolax com CIN -L241RTMH2NOEPLE 14%UKG ¢ ASSOCIATES Umesh K. Gala scan ren CHARTERED ACCOUNTANTS Deepesh T. Chheda o.com, FA Auditor's Repost On Quarterly Financial Results and Year to Date Results of the Disclosure Requirements) Regulations, 2015 To, Board of Directors, Fineotex Chemical Limited We have audited the accompanying statement of Stundalone Financial Results of Fineotex Chemical Limited (‘the Company’) for the year ended 31% March 2016 (“the Statement”) , being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This statement has been prepared on the basis of the audited financial statements, which are the responsibility of the Company’s management and which have been approved by the Board of Directors. Our zesponsibility is to express an opinion on this statement based ‘on our audit of annual financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard prescribed, ‘under Section 133 of the Companies Act, 2013 read with relevant rules issued there under, oo by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India. 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 Statement are free of material misstatement(s).An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. An audit includes examining, on a test basis, evidence supposting the amounts disclosed in the Statement. An audit also includes assessing the accounting principles used and significant estimates made by management, 2s well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a teasonable basis for our sudit opinion. In our opinion and to the best of our information and according to the explanations given to the Statement: @ is presented in accordance with the requirements of regulation 33. of the SEBI(Listing Obligations & Disclosure Requirements) Regulations, 2015 in this regard; and B-11, West View, 2nd Floor, Opp. Swami Narayan Temple, L. N. Road, Dadar (East), Mumbai - 400 014, India. Tel: +91 22 2412 9600 » Fax: +91 22 2410 0362 » E-mail: info@ukgala.comUKG e@ ASSOCIATES Umesh K. Gala p.com. FA. Champak K. Dedhia b.com, F.c. CHARTERED ACCOUNTANTS Deepesh T. Chineda wove a A (i) gives a true and fait view in conformity with the Accounting Standards and other accounting principles generally accepted in Indis of the net profit and other financial information of the Company for the year ended 31st March 2016. ‘The Statement includes results for the quarter ended 31° ‘March, 2016 being the balancing figure berween the audited Ggures in respect of the fll nancial year and the published year to date unaudited figures up to the third quarter of the current financial yeat which was subject to limited review by us. Fot UKG & Associates Chartered Accountants (Firm Reg. No: 123393W) ‘Place: Mumbai Date: 25" May, 2016 8-11, West View, 2nd Floor, Opp. Swami Narayan Temple, LN. Road, Dadar (cast), Mumbai - 400 014, Indi Tel: +91 22 2412 9600 © Fax: +91 22 2410 0362 + E-mail: info@ukgala.com nine:FINEOTEX CHEMICAL LIMITED egd. Off:42/43, Marorama Chambers, $V Roaé, Bandra {w), Mumbai 400050 . (CIN :1.24100MHZ2004PLC344295 STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2016 ‘Amount (Rs. taki} PART! —__ ‘STANDALONE, - ‘Guarter ended a Year ended sn PARTICULARS 31.03.2016 | 31.12.2015 | 33.03.2015. 734.03,2016 | 33.03.2015 ses cated | Unaudited | Unaudited | Audited | Audited TT [income from operations | roar re ene ram Operations (vet aan Te) ors] Om (2)0zher Operating income 7.30 6.50 6s9| 2496 | 23.20 |rotal income fram Operations (Net) Tere | ises.a7 | _i7a0.00 |” 6,906.30 | 6,499.22 2 lexpenses (a) Cost of materials consumed sorraa| gassa] 979.72] 3.92862) 4,783.82 (o)Purchase of stockin trade : - - - [c) changes in inventaries of finished goods, work-in-progress and stack-intrade tesn} — (@asy] gag] (aeaei} S16 (d) Ecaployee benefits expense essa| 6229| sao7| 242s) 227.58 fe) Depreciation and amortisation expense teas} 227} ass} 5282] 4410 1) other expenses(Any ttem exceeding 10% ofthe total expenses | relating to continuing operations to be shown separately) zas.39| 227.09] _ 185.37 | _832.91| __#10.36 Total expenses {aeres | aa77sa| a,290.01(” 035.15 | 5417.18 5 profit / (Loss) from operations before other income, finance \costs and exceptional items (1-2) asoaa) 417.53 | 430.03] 1,771.15 | 1,082.03 | | 4 lotner income 3013 | _16740| _ 15953] 454.00] 481.04 7G raft / (Loss) fram ordinary activities before finance costs and lexceptional items (3+ 4) cos.cc| coao3| 589.96 | 2,225.55| 1,568.47 6 {Finance costs 657 5.65 asa] 26.60| 22.42 5 (profit / (Loss) from ordinary activities after finance costs but | lnefore exceptional items (56 se1so| 599.27| 58542 | 2,198.95 | 1.54105 8 ]exceptional ters - - : : : 9 |Profit/ (Less) from ordinary activities before tax(7+8) quse} ssa S85az | 219895) 1541.05 10|Tox expense sosen| _168.4| _ 178.33{ 68589] 420.98 1s [et Profi (Loss) from ordinary activities after tax (9230) e628) 430.43| 406.79) 1513.06) 1120.07 12 [extraordinary items (net of tax expense) 2 - * - - 413 |Net Profit / (Loss) for the period (213 12) esa | as043 | 406.79 | _4,513.06 | 2,120.07 paid-up equity share captal{Face Value of the Share Rs. 2/-Per 2a |share) apasas| 2205.96 | 2245.96] 224596) 2245.96 | | 4s [reserve excluding Revaluation Reserves as per balance sheet of previous accounting year = | 62308) 4,827.23 as [earnings per share (before extraordinary items)(of Rs.2 /- each) [not annualised): (a) Basie 0.83 038 0.36 135 4.90 (p) Oiluted 043 038 036 1.35 4,00 17 [Earnings per share (after extraordinary tems}(ofRs.2/- each) 1 | [fnot annuatsed): | | [or ease 0.43] 038 0.36| 135 19 i tu) diluted, 0.43] 0.38| 0.364 135) 10 | |statement of Assets and Uh El 1 [EQUITY AND DABNITES: 7 ]sharcholder’ funds ta] Share anita 2oaS.56 | 2705.96, fb) Reserves and sors 6,123.08 [ 4827.23, ct rey received against sr warrants zi = [Sub-total - shareholders! funds. eae 8 | 708s [stare application money pending semen zi : "5 [Non-current bites ia} Leng-eren borrowings _ Deferred tx bles (ne) = = Ie) Otho longterm ibe = ia} wang term provisions : = [Subsotal - Non-eorent abies zi zs 7 fearvent Es (al shor term boonies seat] 10050, to) rade payables 901,74 [95899 le) Other curent iabtes 3ear [i640 ig) Shorter provisions $26] 23068 Sub-total - Coren lablier iaznss [2007.48 HOTAL- EQUITY AnD WABITIES 3gsas | e808 3 asses 7 [Non-errent ase al Fes assets yas | 105875 (Non current iovesiments garry) 35217 ey Detered tax assets nel 5006 [48.80 Long-term loans and advances 395.05 [00232 Sub-Total -Non-Curent aes Bean? [8757.71 3 [earrent assets fe) Current investments : E fe) Inventories Sst) 74a fe Trade recenvables 791631] 268460 [a Cash and cash equivalents ya23 | 270.98 Te short term loans and advances 27670 20026 (0 Other Current Assets ayo] 9231 sub-total current assets Boose | 2:722.56 frovAaL -AsseiS, '9,596.03,| 8480.67 Notes: - Not sandstone franc resus have been reviewed by he Aut Committe ang hereohet approved at the meeting of the Board aeaanrs othe Company held on 25th May, 2006. These ests Have been outed by the Statutory Auditors ofthe Company. >the Company has pid an ltsim dividend of Rs 020 por eaiy hare he, 10% of he aes oe ) on 23,22,98,120 equity shares of rear of 2 each on 25th March 2016 vide Doardesolton dated 14th Match, 2006 4 citer neome includes Den from Subsidlary Company amoung 526482840 Previous YOO Rs,56,33,172/) «sas por Accounting Standard 17 - Segment Reporting 3 nati by the Companies hecounting Standards) Rules, 2006, the Compacy ‘operates in the Segment of Specialty Chemicals The figures ofthe last quater are he balancing fares between aud fires in espect of the full financial year and published ear t date figures upto the 3rd quarter ofthe relevant financial Ye 4s Corresponding figures ofthe previous period / year have been regrouped wherever nec:8hY ‘Mumba, 25th May, 2016UKG cr ASSOCIATES Umesh K. Gala p.com,F.c.A. Champak K. Dedhia b.com, F.c.a. CHARTERED ACCOUNTANTS ee cued sun nek To, Board of Directors, Fineotex Chemical Limited “We have audited the accompanying Statement of the consolidated financial results of Fineotex Chemical Limited and its subsidiaries (the Company and its subsidiaries constitute “the Group”) for the year ended 31" March 2016 (“the Statement”), being submitted by the company possvant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, This Statement has been prepared on the basis of the audited fisncal statements, which are the responsibilty of che Company's management and approved by the Board of Directors. Our responsibilty is to express an opinion on this Statement based ‘on our avait of anmual Bnancial statements, which have becn prepared in accordance with the fecognition and measurement ptinciples laid down in Accounting Standard, mandated uncer Section 133 of the Companies Act, 2013 read with relevant rules issued there under or by the Tnatinute of Chartered Accountants of Indial, as applicable and other accounting principles generally accepted in India We conducted out audit in accordance with the anditing standards generally accepted in India “Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement are free of material misstatement(s). An audit includes examining, on test bass, evidence supporting the amounts disclosed in the Statement. An audit also includes aseesting the accounting principles used and significant estimates made by management as ‘well as evaluating the overall prereatation of the Statement. We believe that the audit evidence Wwe have obtained is sufficient and appropsiate to provide a reasonable basis for our audit opinion. We have not audited the Anancial statements of the below mentioned 7 subsidiaries jncladed in the Statement whose consolidated financial statements reflect rotal assets of es. 3490.10 Lakhs ns at 31st March, 2016 as well as the total revenue of Rs, 5799.96 Lakhs for the year ended 31” March, 2016, The Statement contains the financial results of five gubsidiasies which ate unaudited and are as provided to us by the management. The financial statements and other financial information of the two subsidiaries have been audited by ather auditors whose zeposts have been fornished to us, and our opinion on the Statement, to the extent they have been derived from such financial statements is based solely on the report of such other auditors. BER 8-11, West View, 2nd Floor, Opp. Swami Narayan Temple, L. N. Road, Dadar (East), Mumbai - 400 014, India. Tel: $91 22 2412 9600 * Fax: +91 22 2410 0362 * E-mail: info@ukgala.comUKG ¢ ASSOCIATES Umesh K. Gala s.com Fc. Champak K. Dedhia s.com, CHARTERED ACCOUNTANTS: Deepesh T. Chheda s.com,F.c.a. In out opinion and to the best of our information and according to the explanations given to us the Statement: i, Includes the results of the following entities; © FCL Landmare Private Limited ‘© Manya Steels Private Limited © Fineotex Specialities FZE (Unaudited) ‘* Fineotex Malaysia Limited (Unaudited) + BT Chemicals SDN. BHD (Unaudited) © BY Biotex SDN. BHD (Unaudited) © Rovatex SDN. BHD (Unaudited) ii have been presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and fii, gives a true and fair view in conformity of the aforesaid Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and other financial information for the year ended 31” March 2016. “The Statement includes results for the quarter ended 31" March, 2016 being the balancing figure between the audited figures in respect of the full financial year and the published year to date unaudited figures up to the third quarter of the current financial year which was subject to limited review by us. For UKG & Associates Chartered Accountants «Gir Reg. No. 1233930) « ia) Place: Mumbai a Pa Date: 25 May, 2016 ‘Mem. No. 101769 B-11, West View, 2nd Floor, Opp. Swami Narayan Temple, LN. Road, Dadar (East), Mumbai - 400 014, India, Tel: +91 22 2412 9600 # Fax: +91 22 2410 0362 + E-mail: info@ukgala.comFINEOTEX CHEMICAL LIMITED Regd. Off:42/43, Marorama Chambers, $ V Road, andra {W}, Mumbal 400050 aN! ’4100MH2004PLC144295 STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 33ST MARCH, 2016 Amount (Rs. in lakhs} PARTI ‘CONSOLIDATED ‘Guarter Ended Year Ended su PARTICULARS aaonaoie [31.42.2005 | 31.03.2015 | 31.03.2016] 31.03.2015, Unaudited Unaudited | Unaudited Audited Audited T [income from operations (a)Net sales / income from Operations (Net of Excise loury) zessa7} —2937.68| —2.82397| 10848.34) 10,176.85 biother Operating Income 710 550 ais] _2496| 21.9 |Total Income from Operations (Net) 2,852.97 2,944.18 2,825.16 | 10873,30| 10,198.04 2 |espenses fa) Cost of materials consumed 145579] 1,364.48] 1,368.66] S628.61| 5943.53 [brPurchase of stockin trade 132.47) “agar 453s] 815.63] 705.63 (c) Changes in inventories of finished goods, workin- [progress and stock-in-trade (42.22)| 37.67 434 (78.54)) 173.84 () Employee benefits expense xosai| 102.92 9533] 379.09] 370.2 {e) Depreciation and amortisation expense 16.38 13.10 13.12 55.91) 50.11 Kf) Other expenses(Any item exceeding 10% ofthe ltotal expenses relating to continuing operations to be shown separately) 3ea21| _38805| 268.08 | 1479.79| 1356.27 Totat expenses Za06.aa | _2,370.63| 2202.64] 620.00] 6,590.50 3 |Proft/ (Loss) from operations before other income, |finance costs and exceptional items (1-2) 746.53, 573.55 622.52 (2592.81) 1,598.54 4 other income ro.s7|__12520| 1452 |__ 331.84] 453.91 5 |Prafit / (Loss} from ordinary activities before finance costs and exceptional ems (3 4) s43so| 698.75! —767.98| 2920.65] 2,052.45, 6 Finance costs 9.94 824 7ag| _3aa5|___ 32.68 ‘7 [Profit / (Loss) from ordinary activities after finance| Jcsts but before exceptional items (5+ 6) sasse| 60081 | 760.45| 2885.80) 2,019.77 8 Exceptional items 2 i : c.09 0 Profit / (Loss) from ordinary activities before tax(7 +: 838.56 690.51 760.45 2885.80) 2,019.77 10 |raxexpense 2s338| 22362| 23548 | saad] 550.28 11 |Net Profit (Loss) from ordinary activities after tax (9 s7018| 466.9] szas7| 1971.36] 1,059.49 12 |Extraordinary items (net of tax expense) : > - 0.00 5 13 |Net Profit / (Loss) for the period (11+ 12) 570.18 466.89 524.97, 1971.36] 1,459.49 14 [Minority interest 737 63.80 sai] 26732] 16801 135 |Net Profit (Los) for the period (13+ 14) #9640 403.05] 455.16] 170008] 1,201.48, |Paid-up equity share capital(Face Value of the Share 16 |Rs.2/-per share) 220596] 2,265.96] 2,248.96| 2,245.96] 2245.96 17 |Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year : - ~ | 812308] ascr.2s 18 [earnings per share (before extraordinary items)of Rs.2 /-each) (not annualised): Ha Basic os 036 om} 152 1: (b) Diluted 0.44 0.36 O41 152 115 29 |ernings per share (after extraordinary items)(ot Rs.2/- each) not annualised}: (a) Basic 0.36 O41 (b) Diluted 0,36} 0.41 |Statement of Assets and Liabilities ‘Amount (Rs. In lakhs) SN Particulars ‘CONSOLIDATED 34.03.2016 | 31.03.2015 ‘Audited ‘Audited ‘A [EQUITY AND LIABILITIES 1_|Shareholders’ funds (@} Share capital 2,205.96 | 2,245.96 (b) Reserves and surplus 6,883.00 | 5,386.34 (c) Money received against share warrants z = ‘Sub-total - Shareholders’ funds 9,128.96 | 7,632.30 2_ [Share application money pending allotment : 5 3 [Minority interest 482.01 537.39 @ |Non-current liabilities l(a) Long-term borrowings - (b} Deferred tax liabilities (net) z 5 (c) Other long-term liabilities : (a) Long-term provisions z = [Sub-total - Non-current liabilities = : 3_[Current liabilities (a) Short-term borrowings 304.58 101.60 (0) Trade payables 1,308.05 | 1,375.59 (c} Other current liabilities 50.91 148.74 (a) Short-term provisions 144.49 281.67 [Sub-total - Current liabilities 3,808.03 [__1,907.60 [TOTAL - EQUITY AND LIABILITIES 34,419.00 [10,077.29 B [ASSETS 1_[Non-current assets (a) Fixed assets 331156[ 1,165.11 [(o) Goodwill on consolidation 613.85 613.85 l(c) Non-current investments 3,898.09 2,930.15 (a) Deferred tax assets (net) 48.06 46.76 (e) Long-term loans and advances 395.52 802.35 [Sub-Total- Non-Current assets 6,467.08 | 5,558.22 2 [Current Assets (a) Current investments = (b) Inventories 2,247.14 [1,040.77 ic) Trade receivables 2,539.40 | 2,472.71 id) Cash and cash equivalents 945.57 [1,001.02 e) Short-term loans and advances 270.30 212.26 (f) Other Current Assets 49.51 92.31 [Sub-total - Current assets 4951.92 | 4519.07 TOTAL - ASSETS 11,419.00 | 10,077.29ote: {the consolidated financiat results have been reviewed bY che Audit Committee and thereafter approved at the meeting of the Boarc | birectrs ofthe Company held on 25th May, 2016, These results Reve ‘been audited by the Statutory Auditors of the Company 2 the Company has four wholly owned subs diaries, one in Malaysia, one In ubat and two in India and further step dawn subsidieré i palo, The consolidated financial statements include financial statements ‘of Fineotex Malaysia Limited, Fineotex Specitiatie: oe, FCL Landmarc Private Limited, Manys Steels Private Limited. BT ‘Chemeial SON, BT Biotex SON, Rovatex Sdn Bhd (formerly ET Exon SDN}. 5 4 The Company has paid an interim dividend of Rs.0.20 per equity share (he. 203 of the face value } on 11,22,98,410 equity shares of ae rot value of Hs 2/-each on 29th Marit 2016 vide Board resolution dated 24th March, 2016. «4 The figures of the last quarter are the balancing figures between audited figures In respect of the full nancial year ang publisher year to date figures upto the 3rd quarter of the relevant financial er- + corresponding figures ofthe previous periods / year have been regrouped wherever neces:2ry tumbai, 25th May, 2016FINEOTEX CHEMICAL LIMITED [e] ANNEXURE FORMA (for audit report with unmodified opinion! a “) FINEOTEX CHEMICAL LIMITED fe Fis tarch 2016 3 | Type of Audit observation TUn Madified 4 T Frequency of observation = Tia = eee 5 Tobesgredby- 2. Managing Difector b, Chief Financial Officer ¢ Chairman of the Audit Committee (Alok Dhanuka} d Auditor of the Company | « hia) | | Date: 25th May 2016 | | Place: Mumbai |