Tara Jewels Ltd Plot 29 (P] & 30 (PI, Sub plot A, SEEPZ SEZ, Andner (E), Mumbai 400 096 0. +91 22 66776444 tara, | sauce September 2, 2016 To - To ‘The Managing Director ‘The General Manager National Stock Exchange of India | BSE Limited Limited Dept. of Corporate Services Corporate Communication Department | Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex. | Dalal Street, Mumbai - 400 001 Bandra (E), Mumbai ~ 400 051 Dear Sir/Madam, Sub: Submission Un-Audited Financial Results (Standalone) of the Company for the Quarter ended June 30, 2016 Dear Sir/Madam, Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Board has considered and approved Un-Audited Financial Results for the Quarter ended June 30, 2016. We enclose herewith the said Un-Audited financial results (Standalone) of the ‘Company along with Limited Review Report of Statutory Auditors for your perusal. Please note that as per Regulation 33(3)(b)()) of SEBI (Listing Obligations and Requirements) Regulations, 2015 and circular number CIR/CFD/FAC/62/ 2016 dated July 5, 2016 issued by SEBI the Company shall submit only Standalone Quarterly Un Audited Financial Results for the first quarter and the subsequent quarters of the Financial year 2016-2017. Kindly take the same on record and acknowledge the receipt. ‘Thanking You, Yours faithfully For TARA JEWELS Ms res o NiveditaMiayak \O Company Secretary ‘Membership No: F847) Registered Office: Tara Jewels Ld, Plot No, 122, 15th Read, Near IDBI Bank, MIDC, Andheri IE], Mumbai - 400 093 “Tel. +97 22 6661 7888 / Fax. +99 22 6641 7788 (CIN) L52393MH2001PLC131252TARA JEWELS LIMITED CIN -L52393MH2001PLC131262 Registered Office: Plt No 122. 15th Road, Near IDB! Bank, MIDC, Andher! (Eas), Mumbai - 400 083 Corporate Ctfce: Plot No 20(P) and 30XP), Sub Plot A SEEPZ, SEZ, Andheri (East), Mumbai 400 096 www taralewels.in UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2016 (Rs. In Lakhs) Sr juarior Ende: Year Ended Particul No. = 3006 2076 | 31.03.2016 | 30.06.2015 | 31.03.2016 1 [income from Operations la) Net Sales / Income from Operations 26,151.51 | 33,745.04] 2349275 | 195,686.11 lb) Otner Operating Income “ 7 - Total income from operations 26isi51 | 33 7a504 | 25,402.75 | 195,606.11 2 |Expenses ja) Cost of Material Consumed 16,682.20 | 32,929.98 | 2420707 | 95,762.85 b) Purchase of stock-in-rade 1245.84 | 3.97560 | 3.13646 | 23.247.08 c)_ Changes in inventoces of frished goods, ‘work-in-progress and stock -in-rade 5514.08 | (6.450.58)| (8.561.55)] (6,235.03) ld) Employee benefits expense 7reo1| 58820] 87604] 9.431.14 le). Depreciation and Amortisation expense ee077| sa6sa| 587.95] 2,196.18. I) Other Expenses 1e3.45| 1216.95 | 123274| 5,856.38 {Total Expenses 25 083.23 | 32,796.78 | 21,868.71 | 127,198.57 Profit (Loss) from Operations before other income 8 Tea 1088.28| 94n.26| 1,92404| 2,487.54 4 other income s72sa| 16149| 168.34 668.23 « |Prott (Loss) trom ordinary activi bofore finance | z69.a7 | a0a.76 | 2082.08| 9,188.77 costs (3 + 4) 6 |Finance Costs 1905.47 | 207419] 158850) 7,067.98 7 |Profit/ (Loss) before tax (5 -6) Teaae0| eaan| 52886 | 2,087.78 8 |Tax Expense (187.82)| (201.16) 199.51 838.00 8 |Net Profit | (Loss) for the period J year (7-8) Ta6.78)| (67328) S2aa7 | _—*1.249.78 10 other Comprehensive Income, net of tax 1168 459 9.79 35.05 {1 fel ompronoonie neem for the period! year ‘areom| wens] soars | 1.20080 12 |Paid-up Eauity Share Capital (Face Value Rs. 1each) | 2.46229] 246220 | 2,462.29 | 2,462.29 13 |Eaming Per Share (face value of Rs.10 each) in Rs. [Not Annualsed for quarterly figures) (a) Basic (1.28) @73) 1.32 5.08] (b) Diluted (198) @73) 1:39| 5.09]Notes: “1 The above financial results for the quarter ended June 30, 2016 were reviewed by the Aucit Committee and approved by the Board of Directors atts meeting held on September 2, 2016. The Statutory Auditor have cried out a limited review of the above financial results for the quarter ended June 30, 2016. The Ind AS compliant financial results pertaining to relevant periods of previous period / year have not been subjected to the limited review. However, the ‘Company's management has exercised necessary due dligence to ensure that the financial results provide a true ‘and fair view ofits affairs 2. This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recongnised accounting practices ane policies to the extent applicable. Beginning with April 1, 2076, the Company has forthe first time adopted ind AS ‘nth transition date of April 1, 2015. The impact of transition has been accounted for in the opening reserve and the ‘comparative period ! year results have been restated accordingly. The opening balance sheet as at Apri 1, 2015 ‘and the resuils for the subsequent periods would be finalised and will be subject to audit atthe time of annual financial statements for the year end March 31, 2017, 3. The Company operates in only one primary business segment i. Diamond and Gold Jewellery. Hence, information relating to primary segments is not required to be separately disciosed. 4. The reconciliation of net profit / (loss) reported in accordance with indian GAAP to total comprehensive income in accordance with ind AS is given below: ‘Quarter Endod ‘Year Ended Parties 703.2016 | 30.06.2015 | 31.03.2016. Nat proft7 (Loss) a8 par previous GAAP (indian GAAP) esne7)] $4062] 1,288.78 |Add / (Less) Fair Value of Financial Instruments 147 281 18.13 Effect of measuring share based payments a fir value 224) @24) (8.25) /Acturial gain on employee defined benefit funds recognised in Other IComprehensive income (1552)] (15:82) (62.11) Deferred Tax impact on Ind AS adjustments 2.68 430) 8.96, Net profit (Loss) as per Ind AS (e73.28)| 324.37 | «1240.78 Other Comprehensive Income / (Loss), net of tax 459 979 35.05, FFotal Comprehensive Income for the period as per Ind AS. (eee.so)| 338.16] 7,284.83) Fora a Place : Mumbai fh Dated : 02.08.2016 Chima ana Ma DIN: 00266460C. B. CHHAJED & CO. CHARTERED ACCOUNTANTS DGP House, Ground Floor, 88-C, Old Prabhadevi Road, Mumbai - 400 025. Tel. : 4344 5300, Fax : 4344 5344, Email : cbcco@vsnl.com, Website : www.cbeandco.com LIMITED REVIEW REPORT The Board of Directors Tara Jewels Limited We have reviewed the accompanying statement of Unaudited Standalone Financial Results (the ‘Statement') of Tara Jewels Limited (the ‘Company’ for the quarter ended June 30, 2016 together with the notes thereon. Attention is drawn to Note 1 of the Statement that the figures for the quarter ended March 31, 2016, quarter ended June 30, 2015 and year ended March 31, 2016, including the reconciliation of Net Profit / Loss under Ind AS of the aforesaid periods with Net Profit / Loss reported under previous GAAP, as included in the statement have not been subjected to limited review or audit. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibilty is to issue a report on these financial statements based on our review. ‘We conducted our review 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. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results, has not been prepared in all material respects in accordance with the applicable accounting standards i.e. Ind AS prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognised ‘accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/15/2015 dated 30" November, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5”July,2016, including the manner in which it is to be disclosed, or that it contains any material misstatement. For C. B. Chhajed & Co. Chartered Accountants (Firm Regn. No: 101796W) _ Lape Place: Mumbai Ss C. B. Chhajed Dated: 02.09.2016 {Partner} Membership No. : 009447