‘THE INDIAN HOTELS COMPANY LIMITED. TA} Sopher ean Ha ae an 6008 ba “li Neate ornate cam Elinor cam Angst 10, 7016 BSE Limited [National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza 1" Floor, New Trading Ring, Bandra Kurla Complex Rotunda Building, PJ. Towers, Bandra) Dalal Street, Fort, Mumbai 400 051 ‘Mumbai - 490 001, Kind Aun: Mr. . Subramanian DCs-CRD We refer to our letter dated August 3, 2016. A Meeting of the Board of Directors of the ‘Company was held earlier today, at which meeting the Board interalia considered and took fn record the Un-audited (Reviewed) Standalone Financial Results along with the Limited Review Report of the Auditors for the quarter ended June 30, 2016. Enclosed is a copy of the sid financial rerults of the Company along with the Limited Review Report of the Auditors, being forwarded to you, in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. "The ssid results shall be published in one English and one vernacular newspaper a required. Kindy acknowledge recip. ‘Yougssincerely, BEEJAL Dis, Vice! ‘Legal & Company Secretary Endl :a/aS TA} THE INDIAN HOTELS COMPANY LIMITED par = aaa oeeneare eel Panicle audited eviews) Income rom Opwations San! neome tom Operon (er Operating eam Total Income rom Operations Employee Sere gence 4 Ful Power and Ltt «2 Deprecton na Anonsaten Expense ‘Other Expondaie Tottexpenses Prot ram Operations before Oter income, France Caste and Exception tame Exceptional ams Fnee Cots Prot (Lae ata Finance Cots bt bear Exception! Kom ceptor - Exchange Gav (Loss) on Longe borowng! Att (Nel) ‘Septal tem Oars (Ree Note 5) Prot (oss) botor tax ‘Shot (Eons) Proven of Taxat Ear Yrs Prot (oss) ator tax (ee Comprenesie ncame Neto) ‘Total Comprehensive Income omprisng Prof (Lote) and Other Comprenersve income (fer ta) Pad Ecuty Share Capt (Fara vaiu per sare F002) Cangusory Carver Debertes nude Omer Eauty Eamrings Pex Snare Fac value -* 3:5) Bose ar te (rt amuaises) sor] sen ses] or er] a on) coon] cars] ei was) i ss on] 310 ro ooo) or +oNotes 1 These seals wee reviewed by the Audi Committee ofthe Board and subsequently approved by the Board ‘of Directors at sts meeting: ld on August 10, 2006. The sends have been reviewed by the Statory ‘Auditors ofthe Company. 2. nview ofthe sensonliy of detector, the nancial rene forthe quarter tea incative of he il year’s cxpened performance, 3. ‘The Company has adopted Indian Accounting Stindards ("nd AS" fom April 1, 2016 and accordingly these finn reits Rave been prepared in acondance with the tecoprtin and measzementpincipes bid down in Ind AS 34 Inter Financial Reporting presenbed under Secon 138 ofthe Compania Act 2013 send with the relevant ue ime teeuder and dhe ther accounting principles gence sceopted in Inds. Accordingly the resus for the uarer ended June 30,2018 have als been zestted and pepared in accordance wth the recognition and meararement pencple of Ind AS 3 4. Areconeltion between Snail cess a previowaly reported (refered toa: Previous GAAP) and Ind AS for the quater ended June 33,2015 is presented as unde Particulars Takk [Net Profit forthe quarter ended Jane 30, 2035 a eported soa ai vale of ey shares econ! inthe opening Balance sheet tof Api 1,2015 and changes| (653) Infrae revnded though OthesCompcheniv Income (OCI). Previously the investment was ‘Gaied at cout andthe ain on dispel ecorded tough the Satement of Profit and Love. Incest on bortomings is now meanred at amore cost recognized. The back ended premiam| (1947) ‘on edeoption ad been offset aan the Secures Premium Account inthe pas. Revenue asng ot of loyalty progam e now deered. Previously, the Kai in respect of the| (739) slhigation wer sccogited cot, whe evenoe was recognised fly. Reclaesfcaton of acti aing/ less acing in expect of employee benefit schemes, to Other m Comprehensive Income (OCT). Thiswas peeviowly charged to the Statement of Profit and Los. Exchunge difference on rraution of Long Tesm Bortowing. The tradlation differences were| (608) ‘revouly being morined ove the emu ofthe loan Changes in he value of derivative contacts, These contacts wee combined with the undetying| (1476) borrowing spd counted aa snglopackage Previously tandation gin on Investment in Now-lotegral Forign Operon: tsken to Foreign | 2339 Guten Tantaion Reserve (FCTR) Ths difleenc is ow rood through the Stent of Prot ‘nd Toes Other Adjustments Ps (Change in Income Tax ang ut ofTad AS adjustments ise [Net Profit forthe peso under Ind AS aa (Other Compechensive Income ang Total Compechensive Income under Ind AS [95] 5. Bxcepsona tem ~ Others: eprrents changes in hr vale on Cross Cusrency Swap devivaive contacts 6. Asa part of the Company's nsructiing plan, at 4 mecting held on October 19, 2015, the Board of Discetrs had approved the andgamaion of iteration Hotel Management Sevier LLC omnes known ar Intemational Hotel Management Service Inc) and Lande ad PropesesPavate Liauted, 10 [a es CC Cb wre Shee ot +g‘Acrangementsmongst the Company, each ofthe anaferoe Companis and thei spective sharers ‘a redo (the Scher) a provided under secons 391 to 394 ofthe Compan Act, 1956 ead wth ‘eton 82 ofthe Companits Act, 2013, section TB and sections 100 to 103 of the Companies Ac, 1936. The Appointed dates for the Shees ae Jnuaey 1, 2016 and Mach 31, 2016, respecte ‘The intended amalgamation has boon approved by the shareholees of the Company at the mecing convened oa May 4, 2015, on the decuon of the Honourable Figh Court of Jodietore at Bombay (CBlomnbay High Cour’) where the appation esking permission fr the amalgamation fas been fled by the Company. As the approral ofthe Henny High Cont is avaite, the Gnancial sels foe de ptiod ended Jue 30 2016 do nt inelade any alsment that wl ance on implementation ofthe Schemes and the Companys investments in the taster companies continues to be cane at the peevious cating a00N 7. Disclonte of segment-vite information isnot applicable, as hotcesing is the Company's only business semen Foe THEINDIAN, =e LiMiTED o Jap RAKESH SARNA (tag Directo) IN 1875300 Angst 0, 2016 Regotered Ot: Mandi House, Mandi Road Mamba 000 CIN: Leppontt 902PLOMOS Eni invextoneltons@joi.com Website: wane aes cam Inte of ou sport atch ForDELOITE HASKINS & SELLSLLP For PRI SRIDHAR & SANTHHANAM LI Chartered Accoonants Chartered Acountant (Guns Region No 1173667 WIO0016) (F's Registaon No 0039908/ $2018) matt § estar San. Pigsonkae 5 Ramalshnan Parnes) acne) “Merbersip No 39826 Membership No, 18967 ‘Mumbai, August 10, 2016DELOITTE HASKINS & SELLS LLP PKF SRIDHAR & SANTHANAM LLP Chartered Accountants Chartered Accountants Indiabulls Finance Centre, Tower 3 KRD Gee Gee Crystal 27¢h~ 32nd Floor, Senapati Bapat Marg, No. 91/92, 7th Floor Iphinstone Road (West), De. Radhakrishnan Salai, Mylapore ‘Mumbai 400013 Chennai 600 004. INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM. FINANCIAL RESULTS, ‘TO THE BOARD OF DIRECTORS OF THE INDIAN HOTELS COMPANY LIMITED 1. We have seviewed the accompanying Statement of Standalone Unautited Financial Results of THE INDIAN HOTELS COMPANY LIMITED (he Company") for the quarter ended June 30, 2016 (the Statement"), being submitted by the Company pursuant to the requtement of Regulation 33 of the SEBI (Listing Otligations and Disclosure Requirements) Regulations, 2015, as modified by. Cieular No, CIRICFD/FACI622016 dated July S, 2016, This Statement which is the responsibility of the Company’s Management and approved by the 3oard of Directors, has been prepared in accordance with the recognition and measurement principles Isid down in the Indian Accounting Standard 34 “Interim Financial Reporting” ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules isued thereunder and other accounting principles generally accepted in India. Our responsibilty isto ssue a report on the Statement based on our review. 2. We conducted our review ofthe Statement in accordance with the Standaré on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Insitute of Chartered Accountants of India. This Standard requires that we plan and peeform the review to obtain moderate assurance as to whether the Statement is fice of material misstaterient. A review is limited primarily to inquiries of Company personnel and anslytial procedures applied to finaneial data and thus provides Jess assurance than an audit. We have not performed an audit and, aeordingly, we oot express an audit opinion. 43. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe thatthe accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be fiselosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Cirewlar No. CIRICED/FACI62/2016 dated July 5, 2016, including the manner in which its to be disclosed, or that it contains any material misstatement, 4. Emphasis of Matter: We draw attention to note no. 6 10 the Statement which explains that the accounting impact of two Schemes of Arrangement (the “Schemes”) approved by Shareholders, enbling the amalgamation of International Hote! Management Services LLC (formerly known as Intemational Hotel Management Services Inc) and Lands End Properties Private Limited, with effet from January 1, 2016 and March 31, 2016, respectively, could not be given in the results for the quarter tended June 30, 2016, as the orders from the Honourable High Court of Judicature at Bombay sanctioning the Schemes are awaited ‘Our opinion i not qualified in respect ofthis matter. For DELOITTE HASKINS & SELLS LLP For PKP SRIDHAR & SANTHANAM LLP Chartered Accountants ‘Chartered Accountants (inm’s Registration No.117366W/W-100018) (Fim’s Registration No. 03990/S200018) Sait: Wi cheb 'SANIIV V. PILGAONKAR, S, RAMAKRISHNAN Parner Partner ‘(Membership No, 39826) (Membership No, 18967) MUMBAI, August 10,2016