a ee ee a F: +91 40 4452 6001; info@bfilco.in | www.bfilco.in BHARAT Corprate lectity Number Le=9994I2COSP1C250504 ae nesitered Office Unt No £10, Madhav, Bandra Katia Comox (Formerly known 36 SKS Micrfinance Limited) Bandra (East), Mumbai - 400 051, Maharashtra, India T: +91 22 2659 2375 January 24, 2017 ‘The General Manager The Vice President, Listing Department Department of Corporate Services - Listing National Stock Exchange of India Limited Department Exchange Plaza BSE Limited Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street, Mumbai 400 001 ‘Mumbai 400 051 Dear Sirs, ‘Sub: Approval of Un-audited Financial results for quarter ended December 31, 2016. Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Bharat Financial Inclusion Limited (formerly known as ‘SKS Microfinance Limited’) at its meeting held on January 24, 2017 (commenced at 11.00 am. and concluded at 4.00 p.m.) has approved Un-audited Financial Results (subjected to limited review by the Auditors) for the quarter ended December 31, 2016. A copy each of the Un-audited financial results and Limited review report issued by the Statutory Auditors is attached herewith. We request you to take the above on record. ‘Thanking you, ‘Yours faithfully, For Bharat Financial Inclusion Limited (formerly known as “SKS Microfinance Limited”) wh Rajendra Patil Executive Vice President — Legal & Company Secretary Encl: as above. Resional Offices: Abele | Aurangabad | Bangalore | Bhagolput | Bhopal | Bhuboneswar | Oharwed | Gulbarga | Hyderabad | Jaipur Kochi ‘kala Lucknow | Meerut | Nagpur | Patna Pune 'Relpur | Ranchi Sambalour | Sigur | Varanas| Vizagpati Bapat Marg S.R. BATLIBO!I & Co. LLP Limited Review Report Review Report to ‘The Board of Directors Bharat Financial Inclusion Limited (formerly, SKS Microfinance Limited) 1, We have reviewed the accompanying statement of unaudited financial results of Bharat Financial inclusion Limited (formerly, SKS Microfinance Limited) (‘the Company’) for the quarter ended December 31, 2016 (the ‘Statement’). This 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 the Statement based on our review. 2. We conducted our review in accordance with the Standard on Review Engagements (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 wwe plan and perform the review to obtain moderate assurance as to whether the Statement is. free of material misstatement. A review 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 3. 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 prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including ‘the manner in which it is to be disclosed, or that it contains any material misstatement. 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(Formerly known as “SKS Microfinance Limited”) FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2016 Notes: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held oa January 23, 2017 and January 24, 2017 respectively in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. “The Statutory Aucitors have carried out the“ ended December 31,2016, ted Review’ ofthe results for the quartexfine months 3. The net deferred tax asset amounting to Rs.20,390.82 lakhs as at December 31, 2016 has not been ‘recognized. The said sum of Rs20,390.82 lakhs will be avallabe to offel tx on future taxable income. 4. "The Company tas provided for minimum alterate tax (MAT) liability of RS.9,388.19 lakhs for the nine ‘month ended December 31, 2016 and cecognised 2 corresponding MAT credit entitlement as an asset on the balance sheet. Unrecognised MAT credit of R&9,685.24 lakhs as at March 31, 2016 has been recognized as.an asset on the balance sheet during the quarter ended June 30, 2016. 5. The Company operates ina single business segment i. financing, which has similar isks and returns for the purpose of AS 17 on ‘Segment Reporting’ specified under section 133 of the Companies Act 2013, read with rule 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016. The Company operates ina single geographical segment ie. domestic. 6. Figures for the previous periods have been regrouped! rearranged wherever necessary to conform to current period presentation, Place: Mumbai For Bharat Financial Inclusion Limited Date: January 24, 2017 : \o