August 08, 2016 ‘The General Manager Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai — 400 001 COMPANY CODE SCRIP CODE Deat Sit / Madam, 506285 BAYERCROP Sub.: Unaudited financial results of the Company for the quarterended June 30, 2016 and Limited Review Report thereon, Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to furnish the unaudited financial results of the Company for the quarter ended June 30, 2016 and the Limited Review Report thereon from the Statutory Auditors, M/s, Price Waterhouse (Firm Registration No. 301112E). Kindly acknowledge receipt. ‘Thanking you. ‘Yours faithfully, For Bayer CropScience Limited v Raj i Ee President - Law, Patents & Compliance & Company Secretary Enel. As above A BAYER) Bayer CropScience Lid CIN: L24210MH1958PLCO11173 Registered and Corporate Offco Bayor House Central Averue Hiranandani Estate ‘Thane (West) ~ 400 607 Maharashva, India Tel: 491 222591 1234 Fax: +91 22 2545 5063 www bayer in ‘wn cropscience bayer.com‘The Board of Directors Bayer CropScience Limited Bayer House, Central Avenue Hiranandani Estate Thane ~ 400 607 1. We have reviewed the unaudited financial results of Bayer CropScience Limited (the “Company”) for the quarter ended June 30, 2016 which are included in the accompanying ‘Statement of un-audited results for the quarter ended June 30, 2016’ together with the notes thereon (the “Statement”). The ‘Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations, 2015”), which has been initialled by us for identification purposes. The Statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Further, the Management is also responsible to ensure that the accounting policies used in preparation of this Statement are consistent with those used in the preparation of the Company's ‘opening unaudited Balance Sheet as at April 1, 2015 prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies ‘Act, 2013 and other recognised accounting practices and policies. Our responsibility is to issue a report on the Statement based on our review. 2, We conducted our review in accordance with the Standard on Review Engagement (SRE) 2 “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 Statement is free of material misstatement. 3. Areview is limited primarily to inquiries of company personnel and analytical procedures 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 Statement has not been prepared in all material respects in accordance with Ind AS and other recognised accounting practices and 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 it is to be disclosed, or that it contains any material misstatement. We draw attention to the following matters: a) Note 3 to the Statement which states that the Company has adopted Ind AS for the financial year commencing from April 1, 2016, and accordingly, the Statement has been prepared by the Company's Management in compliance with Ind AS. b) Appointment and payment of remuneration of Rs. 19 million to Executive Director and Chief Financial Officer of the Company for the period April 1, 2016 to June 30, 2016, for which approval from the Central Government and the shareholders are awaited. ©) We were neither engaged to review, nor have we reviewed the comparative figures ineluding the reconciliation to the Total Comprehensive Income for the quarter ended on June 30, 2015 and year ended March 31, 2016 and accordingly, we do not express any conclusion on the results in the Statement for the quarter ended June 30, 2015 and year ended March 31, 2016. As set out in Note 6 to the Statement, these figures have been furnished by the Management. ur conclusion is not qualified in respect of these matters. For Price Waterhouse Firm Registration Number: 3011128 Chartered Accountants, Wen. deh Uday Shah, Place: Mumbai Partner Date: August 8, 2036 Membership Number: 046061o> BAYER CROPSCIENCE LIMITED Regd, Oct: Heyer Howse, Carl Avenue, Hionandani Estate, Thane - 409607, CIN: L24210NMIS58PIC011173) [exer : in Milions [STATEMENT OF UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE, 2016 Quarter Ended — ‘Year Ended PARTICULARS. 30.06.2016 | 30.06.2035 | 31.03.2016 ‘UNAUDITED | UNAUDITED | UNAUD! ‘come fom Operations Net Sales) Tome rom Operations 8335 nae 2784s (Other Operating tne 0 240 Total Income from Operations (nat) 555) 2,685 Expenses Con of Matas Censure 15008 Purchases of tckentrace 089 (hanges in inventories of frished goods, workin progress and tock-ntrade G16] Enos ty 1205 ployee Beefs Expense 2207 Depredation and Amortization Expense 287 Other Expenses 523 ‘otal Expenses 24609. roft from operations befare ther Income, finance cats and ‘4076 ‘excoptional tems (Other cane 193 aia ‘raft from ordinary activitios before nance coats and exceptional zon 4850 ‘home France costs a8 as 100 Profit from ordinary ates after finance costs but bore 1983 663 3790) ‘exceptional tems Exceptional Iams - - Profit fom ordinary activities before tax 993 ees 3790 Curent ond Deferred Tax expense (net of ees) 81 557 157 [Nat Profit from ordinary activities afer tax 3312 Tos 333) (ier comprehensive nome, nt of cme tx i “aH 2] Total eoniprehensive income for the period 133 i072 aa ado eauty share capa (Fae Vaue€ 10) 35 385 Ea Enming per share toe 0 dite) (rot anne) (mn ®) Ett 3020 ost ores: {he recondition of nt prof repre in acordace with Indan GAAP to total cmprehensive incre in acordnce with Ind AS en eon in Mitions Paricuiars ‘Quarter Endod | Year Ended 30.06.2015 | 31.03.2016 'Net profi ort period as par Previous GAAP indian GAAP) “a 14069 3,009 (adiustments ‘Actual Loss on Deed Bonen plans racased to Other Comprehensve name 2 8 Product Reastaton cst aotalsaton 3 3 “Trarsadion cast fo Buvoace of eau shares : a fect arsing from accountng of Linked Transaction! as ob Work rangement al te) ‘thers @ 6 Deferred ax imeact on above ajestments is) 5] Total | 7 ue Not profit forthe period as per Ind-AS carey] 4,106 333 lotercomprehensve income, at of Income ae ca a [Total comprehensive Income forthe period aor Saat 2 The sboveresuts have been reviewed and ecoremended bythe Aut Comite and approved by the Boat of Orecos of he Company ats meting eld on August , 2016, The above resuts have been subjected to ted review bythe Saitry AUC ofthe compar. 3 “hisstatement hasbeen prepared in accordance wit the Companies (dan Acourting Standards) Res, 2015 (ind 8) prescies Under Section 133 ofthe Comeanles A, 2013 and ote recognised acouting pracics ad poe: toe ex apolale, Beginning Io, 2016, re Company has forte frst ime adopted Ind AS with a Wanstion date of Al 2015, 4 The format for un-austed quarter resus as preserve in SEBTs Clr CIR/CFO/CMD/35/2015catc November 30,2018 hasbeen rode to comply wth requereres ef SEBTScrelr cate uly 5, 2016, Ind AS and Schedule i (Ovison I) othe Companies Act, 2013 applkabie to camparies that ae requires to comply with Ind AS. '5 The Carpany has only one reprtable business Segment, “Ar Care’. The Cmpany/s business Is seasonln nature and ence quarter figures are not epresetative ofthe fl ya's pararance {6 Te Ind AS camplant coresponding fgures In the previous yeBr and previous quarter have not been subjected to even/sust However, the compans maragemert has eercued necessary dve digece to ensue hat such ancl resus provide a true anc view of Bs sis. Br Wir Lire steter Me rentive Dractr & Cie Fhancl Omer Pace: Mamba \ Fraysor ie, Dinoveri77 Date: August 8, 2016 \ iam