To,

Date:30.05.2016

Bombay Stock Exchange Limited

Phiroze |eejeebhoy Towers,
Dalal Street,
Mumbai.
F ax: 022-227 n12A2041./ 107 2

Ref: Scrip ID

- 532692

National Stock Exchange of lndia ttd.

Exchange Plaza, 5th Floor,
Bandra-Kurla Complex,
Bandra (E)

Mumbai - 400 051.

Fax:022-26598237/33

Scrip Code: RMCL

Sub: Submission of Audited Financial Results for the

Qh and year ende dg1,.0g.201,6
Dear Sir,

In pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing

Obligation and disclosure Requirements) Regulation 2015 (Listing Regulations), we
would like to inform you that the Board of Directors at its meeting held on 30ft May
20'L6 has considered and approved Audited Financial Results
for the e1, and year
ended 31,.03.201,6. The Audited Financial Results with Audit Repor! Formfi is
attached
for your reference and records.
The Meeting was started at

d.op.m. and concluded on r.hop.m.

Kindly take the same on your record and oblige.

Thanking You,
FOR RADHA MADHAV CORPORATION LIM]

/;),

''
/
)''
t{/,:-//

U,ft.NAMTSH AGARWAL
(MANAGTNG DTRECTOR & CEO)
DIN:- 00050296

50/9A,Daman lndustrial Estate,kadaiya, Daman

Pin-396210, CIN No: 17450DD2005P1C003775

fiic\/rffi** FeHDdSt*

Phone-0260-66I9000 Fax-0260-661 9A10,722A177

TH:'TECHNOLCGY sT*Rg

ADHA fuXapHArr ffioRPoRATroN

Lrt

rrED

UNAUDITED FINANC

SR.
NO

PARTICULARS
1

Qtr ended on

Preceeding Qtr
ended on

Qtr ended on

Yesr ended on

3't.03.2016

3',t.12.2015

31.03.201 5

31.03.2016

Financial Year ended

on 31.03.2C15

(Un-Audited)

(Un-Audited)

(Un-Audited)

(Un-Audited)

(Audited)

ncome From Operations

Net Sales/lncome from operation (net off

all taxes)

Other Operatino lncome

Net Sales/ lncome Form Operation

322.69

620.77
0.14

579.
0.0c

2306.1 0
43.64

1118.20

322.69

620.91

579.8

2349.74

1119.11

0.91

Expenses

t) Consumption of Raw materials

b) Purchase of Traded Goods
c)Changes ininventories of finished
goods,work in progress and stock in tade

26.45

21.73

92.17

105.08

248.42

392.95

552.19

423.79

2150.3s

754.17

(148.17)

(26.58)

(142.05)

(2.32)

(20.75)

11.14

5.31

0.30

d) Employees benefrt expense

e) Depreciation and amortization expense

4.1

l) Other expenses

55.95

4.12

26.37

(20.34)

16.88

21 .80

34.64

16.51

18.27

92.40

54.52

g)Total

348.61

597.9'l

496.97

2242.54

1,083.44

ProfiUloss from operation before other

income, finance costs and exceptional

(25.e2)

23.00

82.83

107.20

3s.67

items(1-2)

Other lncome

Profit / (Loss) from ordinary activities

before finance costs and exceptional items

3.47
(22.45)

0.8'1

2.5e

7.74

23.81

85.41

114.90

43.34

23.81

85.41

114.9A

43.22

7.67

(3+4)
o
7
8

Finance cost

0.0c

0.12

Profit / (Loss) from ordinary activities

cefore tax (5+61
Exceptional ltems..

(22.4s)
2.55

0.0c

(45.161

(16.03)

Profit lLoss from Ordinary Activities before

(1,077.79)

(25.00)

23.81

130.57

130.93

1,121.01

Tax (7+8)
10 Tax Expenses

0.83

11

Net Profit / (Loss) from ordinary activities

12

Extraordinary items (net of tax expenses)

13

Net Profit / (Loss)

14

Share of profit / (loss) of associates*

afterfax

(9 + 101

for the period

(1

1 + 12)

(62.53)

0.83

(62.50)

(25.83)

23.81

193.10

130.1(

1,183.51

0.0c
(25.83)

23.81

193.10

130.10

1,183.51

15 lvlinority interest Net Profit / (Loss) after taxes, minority

0
0

to interest and share of profit / {loss) of

associates 113 + {4 + 'l6l *

(25.83)

23.81

193.10

Pald-up Equity Share Capital (Face Value : Rs

17
10 per Share)
Reserves excluding revaluation reserves as
18 per Balance Sheet of Previous Accounting

663.42

663.42

628.42

Yeat

Earnings

per share (betore

30.1 0

0
I

663.42
(1,786.72)

,1

83.51

628.42

('t,925.57

extraordin.ary

19i items)
(of Rs.

0l

BASIC

DILUTED

'19ii

=arnings

each) (not annuatised):

(0.39)

0.37

3.07

2.03

20.84

(039)

0.37

2.96

2.03

20.14

per share (after extraordjnary items)

:of Rs.1 0 /- each) (not annualised):

Basic

(0.39)

0.37

3.07

2.03

20.84

Diluted

(0.3s)

0.37

2.96

2.03

20.14

-* Exceptional
item for the quarter ended on 31st March 2016 includes diminesion in

of
f!

50/9A,Daman lndustrial Estate,kadaiya, Daman

Pin-396210, CIN No: 17450DD2005P1C003775

Phone-0260-66

9000

Fax-0260-66'l 9A1 A,222A1 7 7

"e".!

LrrrTED

ADHA MapHAV ffioRPoRATroN

segme1t wise revenue, results and capital eTployeed for the

SR. NC PARTICULARS

31.03.2016

1.00

SEGMENT REVENUE
Sale of Manufactured Product:a) End User
o) unannet Partners
fradinq Sales

Iotal

g
receeotng Qtr
ended on
31.12.2015

Qtr ended on

2.00

Yesr ended on

nancrat Year
ended on

31.03.201 5

31.03.201 5

31.03.201 5

Audited

(Un-Audited)

Audited

Audited

(Audited)

27.48
2.22
292.99
322.69

22.97
2.05
595.89

21.61

'108.40
13.62

'180. 10

620.91

94.79
463.40
579.80

2227.72
2349.74

1119.11

322.69

620.91

579.80

2349-74

1119.11

17.15\
(31.62)

(2.70\

less:- lnter Segment Revenue

NeUsales /lncome from operation

Qtr ended on

IJO.JJ

800.68

SEGMENT RESULTS

Profit & (Loss) before Tax & lnterest:

Sale of Manufactured Product:a) End User
o)
Panners
raorng tiales

3.00

(2 58)

a)a
3s.06
41.92
82.25
0.00

174.49
125.72
0.00

4.44
52.50
54.24
0.12

0.00

(6.4e)
38.36
29.29
0.00

(3.68)

5.48

(3. I 5)

10.78

10.88

2.55
(25.00)

000

(45.17\

(16.03)

(1077.79\

23.81

130.57

't

30.97

1121.O3

'137.08

147.03
289.87
27.39
(1 750.50)

(1.55)

otal
Less:- (i)lnterest Charges
(ii) Unallocated
xpenditure/income (Net)
(iii) Exceptional ltems
Prottt t etore Tax
CAPITAL EMPLOYED (Segment
Assets-Segment Liabilities)
Sale of Manufactured Product.a) End User
b) Channel Partners
Trading Sales
Unallocated

otal

0.65)

I 3.93)

(1

(26.1 3)

132.82
278.01
134.49
(1

280.62
75.49
(15s0 66)

668.62)

(ii,33o)

t1o!,rua

_T

(1286.21\)

132.82

147.03

278.01
134.49

289.87

668.62)
{1 1 23.30)
1

ZI.)J

750
{1286.21\

,1
-I
JJ'

tsMCI

50/9A,Daman lndustrial Estate,kadaiya, Daman

Pin-39621O, CIN Nor 17450DD2005P1C003775
Phone-0260-6619000 Fax-0260-661 9O1O,2220177

*qr\llffiL- slET}lll}*
THE TECHI{&LOGY

5T6R'

ADHA WAOHAV ffioRPoRATIoN

ANNEXURES

STATEMENT

OF

UNDER CLAUSE

ASSESTS AND LIEEILITIES

41 (v) OF THE L|ST|NG

RUPEES IN
MILLIONS

AGREEMENT
PARTICULARS

31.03.2016

31.03.2015

EQUITY AND LIABILITIES

AUDITED

AUDITED

SHAREHOLDERS FUNDS
SHARE CAPITAL

663.42

RESERVE AND SURPLUS

(1,786.72)

628.42

(1,925.57)

MONEY RECEIVED AGAINST SHARE WARRANTS

SUB.TOTAL SHAREHOLDERS FUND

SHARE APPLICATTON MONEY

10.94
(1,1 23.30)

(1,286.21)

PEI,IDING

ALLOTMENT
MINORITY INTEREST
NON CURRENT LIABILITIES
a ) LONG TERM BORROWTNGS
b) DEFERRED TAX LtABtLtTtES (NET)

3) OTHER LONG TERM LtABtLtTtES

0.23

d) LoNG TERM PROVTSTONS

8.14

6.85

SUB TOTAL NON CURRENT LIABILITIES

8.37

7.08

0.23

CURRENT LIABILITIES
a) SHORT TERM BORROWTNcS

b) TRADE PAYABLES
c) OTHER CURRENT LtABtLtTtES

c) sHoRT TERMPROVTSTONS

4't6.23

330.80

,691 .1 3

1,644.28

6.75

SUB TOTAL CURRENT LIABILITIES

2,1',!4.11

TOTAL EQUITY AND LIABILITIES

4.80
1,979.88

999.1 8

700.7s

312.54

326.97

ASSETS
NON CURRENT ASSETS
a) FIXED ASSETS

b) GooDWTLL ON CONSOLIDAT|ON.
c) NON CURRENT TNVESTMENTS

2.55

d) DEFERRE TAX ASSETS (NET)

e) LONG TERM LOANS AND ADVANCES
I) OTHER NON CURRENT

ASSETS

SUB TOTAL NON CURRENT ASSETS

25.S8

zc.zJ

0.96

0.78

339.48

355.53

CURRENT ASSETS
a) CURRENT INVESTMENTS

c) INVENTORIES
) TRADE RECEIVABLES
d) CASH AND BANK BALANCE
e) SHORT TERM LOANS ANDADVANCES

f) OTHER CURRENTASSETS
SUB TOTALCURRENTS ASSETS
TOTAL ASSETS

189.38

42.14

282.14

182.53

72.07

32.81

115.25

86.93

0.86

0.81

659.70

345.22

999.1 8

700.7s

50/9A,Daman lndustrial Estate,kadaiya, Daman

Pin-396210, CIN No: 17450DD2005P1C003775

Phone-0260-661

9000

Fax-0260-661 9O1 O,2220177

L,,ITED

ADHA MNDHArr ffioRPoRATIoN

L,,ITED

The above audited financial results have been revielved by the Audit Committee and Eere approved by the Board of Dlrectors at their meeting held

The Previous year Iigures have been regrouped

on

30.05.2016

rearranged w.henever necessary

Ihereu,asNi1investoIs,comp1aintpendingatthebeginningofthequa'ter.DuringthequarterNilComplaints'asfeceiveCl.Nit"o*@
quarter.
i

Management believes continual operations due

to availability oi

long Term Capital, Profitable E Commerce Eusiness and various measures taken.

Continual Business, Strong Possibility of recovery during persooal Negotiations & Reconciliations, Pending Legal Cases/Confirmations and consistent recovery perusal
makes Management believe that the entire "receivable/Current Asset" &-ould be recovered in due course.

lhe company has not provided interest and also reversed provided interest on credit lacilities granted by State Bank of India/AARC and Bank of Baroda due to ongoing
Settlement process and due to the fact that interest on Substandard Assets are not charged by the Lenders.
3ompany has booked a gain of INR 980.46 millions on settlement of Secured loans on the basis of negotiations of the debt at INR 450 Million. Company is
process of drafting the restructuring proposai with Alchemist Asset Reconstruction Company Ltd.

Dde:

in

advanc(

30.05.2016

MANAGING DIRECTOR & CEO

DIN! 00m296

50l9A,Daman lndustrial Estate,kadaiya, Daman

Pin-396210, CIN No: 17450DD2005P1C003775

Phone-0260-661

9000

Fax-0260-661 9O1 A,2220177

rufi/nffi!"*

F!6Kdtl-

ADHA MapHAV ffioRPoRATIoN $-*,rtTED

UPDATE

Company has posted its highest historical Turn-Over of 2349.74 Million in the
year 2015-16. These generated revenues are 2.08 times higher than last year's
revenue of 1126.78 Million. Compared to revenues of 2013-14, current year's
revenues are higher by 13.65 times. Company expects such multi-fold growth for
next few years.

In the year 2015-16, Company expanded its Franchise network across India. It
has presently 2813 Shops through out the country.

Company presently has 54 Depots andT Warehouses throughout the country for
efficient Logistics and distribution.

Company through its Online Portal named wvvw.rmcluniverse.com deals in

product categories like Health and Nutrition, Skin Care, Hair Care, Households,
FMCG, Nutraceuticals, Organic Manures, Seeds, Micronutrients, Edibles,
Electricals and Electronics.
Company has exclusive marketing rights for more than 180 Brands like Saumya,
Nefer's, Triton, Hylen, Prithi, Rosa-Bella, Elix-& Prothemus, Aphro, Doris fewels,
Kanhaa, Babylon Water, Imperial Aroma, Dento White, Rise-Onn and many such
brands in various Categories.
Company purchased 30 year old brands from M/s Swastik Sanitarywares limited
recently i.e Classica, Royal (StylisedJ, Sanqiral, Ace (Logo), BM Ceramica (Logo),
Classica Freshware, Gold Class (Logo), CobraCeramica, Reina Ceramica, Sterling
(LogoJ, Sterling (Logo).
Company has been awarded with Drug Selling License as on 13.05.2016 which
will enable company to commence its Pharmaceutical business in the Znd Quarter
of 2016. Company expects this vertical to generate better profitability for the
company in coming times.

gnline Portal of the Company named wvvw.rmcluniverse.com is quickly

emerging as a leading brand. It has excellent hits per day with bounce ratio as
less as 7.5o/o.

Company has been focusing upon its retail business in last two years. As the
retail business grows, Company plans to ramp up its packaging business. As per
Industry standard, Packaging cost varies between 17-25o/o of the Gross
Merchandise Sales. As per Company's projection substantial portion of in-house
packaging capabilities would be utilized in captive consumption.

50l9A,Daman lndustrial Estate,kadaiya, Daman

Pin-396210, CIN No; 17450DD2005P1C003775

Phone-0260-661

9000

Fax-0260-561 9010,222A177

ADHA MaDHArr ffioRPoRATIoN

L',ITED

Date: 30.05.20L6

I:Tuuys@
leejeebhoy Towers,

National sto

lhlroze

Exchange Plaza,Sth FIo6r,

Bandra-Kurla Complex,
Bandra (E)

DaIaI Street,

Mumbai.
F ax: 022-227 29121/2041,/

Ref: Scrip ID -

07 2

Mumbai - 400 0S1.

Fax: 022-26598227/gs

592692 Scrip Code: RMCL

sub: submission of Audited Financial

Results for the Qt. and year ende
d31.03.2016
Dear Sir,

In purs+rant to Regulation 33 of the

securities and Exchange Board of
India (Listing
obligation and disclosure

Requirements) Regulation 2015 (Listing

Regulations), we
would like to inform you that the Board
of Directors at its meeting held on
30ft May
2016 has considered and approved
Audited Financial Ilesults for the
etr and year
ended 31"03'201'6 The Audited Financial
Results with Audit Report, Formg
is attached
for your reference
and records.

The Meeting was started at

f.oop.m. and concluded on n.top.m.

Kindly take the same on your record

and oblige.

Thanking You,
FOR RAD

::"t:ro"

coRPoRArI

AGARWAL
(MANAGING DTRECTOR & cEo)

DINI 000G0296

50/94,Daman
Din a0<1rn

lndustrial Estate,kadaiya,

Daman

t_-

HPSHAH
F.C.A., Gracl CWA' DISA (lCAl)
B Com.,

HPS
C ff AXf eRE B rtr.CC OU f"lTANT!ti.'$iAjxil.tt 1sr FLooR' G.l'g'c', cHAR RASTA'

vAPl'3e6 1$5'

Teie Fax: (0260) 24s5540' 1423$40"

Resurts pursuant to the sEBI (Listings

Financiar
on
Report
Auditor,s
rndependent
, obligations and Disclosure Requirements) Regulations, 2O15
TO

THE BOARD OF DIRECTORS OF

RADHA MADHAV CORPORATION LIMITED
CORPORATION
Results-of
Y"*IADH|]IWe have audited the accompanying Financial
31"t March' 2OL6 (the 'Financial Result')
LIMITED (the .company') for the year ended
the requirement of regulation 33 and
to
pursuant
company
the
by
submitted
being
the SEBI (Listings obligations and Disclosure
Regulation 52 read with Regulation osrzl of
results which are the responsibility of the
Requirements) Regulations, 201s. These financiar
Company,smanagementandapprovedbytheBoardofDirectorshavebeenpreparedonthe
is in the Accounting standards notified under
basis of the related financial statement, which
(the Act) read with the relevant rules issued
section 133 of the companies Act, 2013
is
generafiy accepted in India. our responsibility
thereunder and other accounting principles

toexpressanopinionontheseFinancialResultsbasedonourAudit.
standard.s generarly accepted in
we conducted our audit in accordance with the auditing
India.ThoseStand'ardsrequiresthatweplanandperformthereviewtoobtainreasonable
are free of material misstatement(s)' An
assurallce as to whether the financiar statements
supporting the amounts disclosed as
audit includes examining on a test basis, evidence
the accounting principles used and
financial results. An audit also includes assessing
believe that our audit provides a
we
management.
the
by
made
estimates
significant
reasonable basis for our oPinion'

and according to the explanation given to us

In our opinion and to the best of our information
these financial results;
of reguration 33 and Regulation 52 read
i. are presented in accordance with the requirement
the SEBI (Listings obligations and Disclosure Requirements)

,.

with

Regulation 63(21of

Reg.rlations, 2015 and

Accounting standards and other

ii. give true and fair view in conformity with the aforesaid

accountingprinciplesgenerallyacceptedinlndiaofthenetprofrtandotherfinancial
subject to
information ior Ur" year ended March 31, 2016

d.

Regarding preparation o!

,r2y:t1and financiar resurts,

on the basis of going concent in spitt of accumulated

March'
net worth iintitzs.s0 millions as at 31't

risulted rnn nega,tii

lossof Rs. tttia.lz miiliLn which has
about, the company's ability
ca?ttal defciency. Thes,e factors raise.doubts
20L6. The company also has workiig
of long terms funds for its future operations'

dependent-ufo"-i7"iion
to continue as a going concern whLiiih is'
incrude
nit
do
The accornpanying financiar resuris
as a going concern.
result, shouldilrr"**ponybe unable to continue

*y'oijitt*ritt itrting {o the iecooerabili$

that might

in respect of sundry debtors, losns c

rhe outstanding balances as at the ye2r end under..consider,tion
to confnnatiom from -rlspecttry parties and consequential
adrances and sundry *editors *, iinirrt
results
yron, if aiy. Conseqiential inrpact thereof on the financial
reconciliation and adjustments arisingliii,

is not ascertainrtble'

to the secured Creditors from uhom aarious secured

c) non prottision/non accounting of interest paid/payahre
g year ended on March 2016 of Rs 200'61' millions t Rs
roans obtained br1 tru Company for the quarter
76

i)

8.7 0

millions resPectiaelY,

quarter and year ended on 31st March' 2016 oaerstnted

whictt has resulted into profit shotun in restilt for the
by the said amotmt.

(ii) uticrr

rms resurted

into reserue

surprus

for

the year ended

on

31.03.2016 oaerstated by the said nmount

tlrc said amount)'

(reserue t strrphrsbeing negatiae tlrc figure is under reportedby

control ouer financial reporting

d) Th! cofllpany do not luae adequate internal fnancial
of such control.

operatiue effectirteness

of trading goods lying at the premises of aarious franchisees

e) conryany has not carried out physical aerification
and dePot located across lndia'

ended March 3L, 2016 being the

The Financial Results includ.es the results for the quarter
the full financial years and the
balancing figure between audited figures in respect of
of the current financial year
published unaudited year to date figures up to the third Quarter
which were subjected to limited review by us'

For H. P. SHAH ASSOCIA'

FRN No.1095881[I

4d'&{4*'r'_
(H.P.SHAH)

PROPRIETOR
CHARTERED
MembershiP No.39O93

Place:- VaPi
Date:- 3O.O5.2O16

ADHA MOPHAV ffioRPoRATIoN

ANNEXURE

L,,ITED

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted
along-with Annual Audited Financial Results - (Standalone and Consolidated separately)

Statement on Impact of Audit Qualifications for the Financial Year ended March 31,2016
[See Regulation 33/ 52 of the SEBI (LODR) (Amendment) Regulations, 2016]

I.

Turnover / Totalincome
Total Expenditure
Net Profit/(Loss)

't

2
J

5
6

NetWorth
Any other financial item(s)

7
8

oualifications)
2357.44
2996.04
-638.60

2357.44
2227.34
130.10
2.03

Earnings Per Share

Total Assets
Total Liabiiities

Adjusted Figures
(audited figures after
adjusting for

Audited Figures
(as reported
before adjusting
for qualifications)

Particulars

s1.

No.

(as

-9.96

999.1.8

999.18

2122.48
-1123.30

2891.18

-L892.00

felt

appropriate by the
management)

II Audit Qualification (each audit qualification

a. Details of Audit Qualification

separately):

non provision/non accounting of interest paid/payable to the Secured Creditors

/ Assets Reconstruction Company (ARC) from whom various secured loans
obtained/ assigned by the Company for the year ended on March 2016 of Rs.
768.70 respectively,

Opinion

b.

Type of Audit Qualification: Qualified

c.

Frequency of qualification: Appeared for 3'd time.

d.

inion

For Audit Qualification(s) where the impact is quantified by the auditor, Management's
Views:

The company has not provided interest and also reversed provided interest on credit facilities
granted by State Bank of India/AARC and Bank of Baroda due to ongoing Settlement process and
due to the fact that interest on Substandard Assets are not charged by the Lenders.

e.

For Audit Qualification(s) where the impact is not quantified by the auditor:

1
Manaqement's estimation on the irnpact of audit qualification:
(ii) If management is unable to estimate the impact, reasons for the same:
(iii) Auditors'Comments on (i) or (ii) above:

50/9A,Daman lndustrial Estate,kadaiya, Daman

Pin-3962'10, CIN No: 17450DD2005P1C003775
UNiVTR!I:

Phon e-0260-56't 9000 Fax-0260-56 1 9Ol 0,222A1 7 7

Fnrail: in{nt&rrnrlinrli* rn in I lRl . renmrr rmelindi: rn in

NA

np

nal&rgfffi Co R po RAr

oN

L,,

ED

re

Audit Committee Chairman

f
^r-'+\* ij.{
t -t;.1"

+brlrdL

I'I.Ur.III

50/9A,Daman tndustrial Estate,kadaiya, Daman

{"-l<

H'd,;,