August t2,2016

To
The Listing Manager,
Listing Department,

To

The Listing Manager

Bombay Stock Exchange Limited

National Stock Exchange of India Limited

Mumbai

Towers
Mumbai
PJ

Dear Sir,

sub: outcome of the Board Meeting

-Un-audited financial results for the quarter ended 30 June 20L6
Ref: Notice of Board Meeting dated August
3, 2016

we wish to inform that meeting of the Board of

Directors held on today i.e. L2 August 2015
inter alia
has considered and approved
the following:

L.

The Un-audited Financial results for the

euarter ended 30 June 2016 both on Standalone and
consolidated basis which have been reviewed
by the Audit committee pursuant to Regulation
33 of sEBl (Listing obligations and Disclosure
Requirements) Regulations, 2015. please find
enclosed Un audited Financial results for the
Quarter ended 30 June 2016 both on standalone
and consolidated basis together with Limited
Review of statutory Auditors of the company.

2'

The Board also resolved to reclassify the

following individuals from ,,promoter category,,
to
"Public catego4/' since the persons are
neither involved in the rnanagement nor hold
any

controlling stake in the company and also

none of the individuals has entered into any
Shareholders Agreement with the company
nor have they got any Veto Rights or special
Information Rights or speciar Rights as to voting power
or contror of the company:
Name of the Individual

No.of shares held

The meeting of the Board of directors

commenced at 3.30 p.M. and concluded at 3.50 p.M.

Whole time Director & CEO

Proseed India Limited

Regd'

oft

8-2-6g61818ll

(Formerly known as GreenFireAgri commodities Ltd.)

' 3rd Floor; GAMUT square, Road

No

CIN: L0 | 403TG2002PLC039 | t3

2, Baniara Hills, Hyderabad - 500034.Telangana, India.

T: +9l-40-23548353, F: +9l-40-23549537, Emair: support@proseedindia.in,

wwwproseedindia.in

SARATH &ASSOCIATES
CHARTERED ACCOUNTANTS

To
The Board of Directors
M/s Proseed India Limited
Hyderabad

l. we have reviewed the accompanying statements of Unaudited

financial results (,Statement,) of
lws' Proseed India Limited (formerly Green fire Agri commodities
Limited) for the quarter
ended 30th June,2016, prepared by the Company pursuant
to Regulation 33 of the SEBI (Listing
obligations and Disclosure Requirements) Regulation, 2015
11he ',Listing Regulatiort,20l5,,)
which has been initialed by us for identification purpose. The 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.

we conducted our review in accordance with the Standard on Review Engagement

(sRI) 2410,
'Review of Interim F
issued bythe
:filriJ

rnstitute

perform the review to

Material Misstatement
3.

fr:J:?tr;;fIi,i:ffTj";'#3;

as to whether the Financial statements are free

of

A review is limited primarily to inquiries of company personnel and analyical procedure

applied

to financial data and thus provides less assurance than an audit. We have
not performed an audit
and accordingly, we do not express an audit opinion.
4.

Based on our review conducted as above, nothing has come to

our attention that causes us to
believe that the accompanying statement of unaudited Financial results
for the euarterended 30m
June,20l6prepared in accordance with applicable Accounting standards specified
under Section
133 of the Companies Act 2013, and other recognized accounting practices
policies,
and
has not
disclosed the information required to be disclosed in terms of Regulation
33 of the listing
Regulations 2015 including the manner in which is to be disclosed, or that
it contains any rnaterial
misstatement.

& Associates
Chartered Accountants
For Sarath

Firm Regn. No. 005

S Srinivas

Hyderabad

l2ftAugust,20l6

FRN OO51 2OS

HYDERABAD

Partner

M.No.202471

Head offtce : 4th Floor, Maas Heights, g-2-s77lB,Road No.g,

Banjara Hills, Hyderabad _ 500 034.
+91 40 29354322,23357090, Fax : 23356716
; +mait : info@sarathcas.in, sarathcas@yahoo.com
MUMBA| : lndian Globe Chambers, 4th Floor, DN Road, Mumbai - 400
001, Ph : +g1 22226gg132,Fax : +g1 222264134g,emai1:calakshmi.rao@gmail,com
Ph :

vlzAc

Ofi:

:49-3549, Srinivasam, Level-lll, NGO's colony, Akkayyapalem,

Visakhapatnam - 530016, ph : 09550523111, Email : vdvsk@gmait.com

PROSEED INDIA LIMITED

( formerly GREEN FIRE AGRt
CQMMODITTES

CIN : L()l403TG2002PLC039l t3

LtMtTED)

8-2-686lglB/1, Third Floor, Gamut Square, Road No:

t2, Banjara Hiils, l{yderabad_ 500 034
PART I : STATEMDNT oF UNAUDITED FINANCIAL
RESULTS FoR THE QUARTER ENDf,D 30
JUND 2016
Figures

sl.
No

5r,r. MUN T HS

PARTICULARS

30.06.201 6

Unaudited

3
4

3r.03.20t5
Audited

JO.t 6.2015

Unaudited

t7 44

t4

17.44

14.17

16 24

l3 l5

17.84

t7

66.20

8.77

614
022

30 94

8.04

13 43

508

28 66

32.91

3s.58

29.28

(2r.4r)

| 21.98

(r0.t0)

(ss.78)

039

130
(r 0.1 0)

(s4.48)

(20.1

130

l)

t2 43

78.93

(8e.03)

Prolit/(Loss) from ordinary activities before tax (7 _ g)

(27.47)

(32.s4)

(8e.03)

(27.47)

(32.54)l

l8

Debenture redemption reserve

Eamings per share for the period (in Rupees) per
a) Before Extra-ordinary items

089

(1s.47)

(32.s4)

t7

49

o23

t2 39

Net Profit/(Loss) from ordinary activities after tax (9 _

l{f)
12 Extra-ordinary items
l3 Net prolit/(loss) for the year (l I - I 2)
t4 Paid - up equity share capital face value {. l/_ each
l5 Paid up debt capital
l6 Reserves (excluding revaluation reserve and debenture redemptton

6t

841

(27.47)

lt

Audited

9.l8

Exceptional items

Tax expense

ENDED

r.03.20t 6

66 20

ProliU(Loss) from ordinary activities after finance costs (5 _

6)

l0

In Lahhs

t9 l8

I vean

022

(r s.08)

ENDED

-l

204

tl

_l

(27.47'.)

973.94

_l
reserve)

/- share

- Basic

- Diluted
b) After Extra-ordinary items
- Basic

- Diluted

(0.03)
(0.03)

(0 09)
(0 0e)

(0.03)

(0 0e)
(0 0e)

(0 03)

Notes:

Theaboveun-auditedfinancial

resultshavebeenreviewedbytheAuditcommitteeandsubsequentlyapprovedbytheBoardofDirectorsatitsmeeting

held on August 12,2016.

2
3

The primary business segment of the company is

'commodities trading'as the company operates in a single business
segment.
Previous period /yea/s figures have been regrouped/reclassified

wherever necessary to correspond with the current period/year,s

classification/disclosure

for and on behalfof

Board of directors of
Proseed India Limited

Place: Hyderabad

Date : 12 August 2016

Proseed India Limited

Wholetime Director & CEO

(Formerly known as GreenFireAgri commodities Ltd.)

Reg'c'off:8-2-6861818ll'3rdFloonGAMUTSquare,RoadNo
T: +'? l-40-23548353,

F:

l2,BanlaraHills,Hyderabad-500034.Telangana,
+9l-40-23548537, Email: supporr@proseedindia.in, www.proseedindia.in

CIN: L0 | 403TG2002PLC039 | t3
lndia.