S.R.BATLIBOI & Co. LLP G.D. Apte & Co. Chartered Accountants, Chartered Accountants 12" floor, The Ruby GDA House, Piot No. 85 29, Senapati Bapat Marg Bhusari Colony (Right) Dadar (West) Paud Road, Kothrud Mumbai - 400 028 Pune 411038 Limited Review Report Review Report to ‘The Board of Directors Shriram Transport Finance Company Limited 1. We S.R. Batliboi & Co. LLP (‘SRB’) and G. D. Apte & Co. (‘GDA’) have jointly reviewed the accompanying statement of unaudited financial results of Shriram Transport Finance Company Limited C'the Company’) for the quarter ended September 30, 2015 (the Statement”), except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have not been reviewed by us. 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, we 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 provide 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 recognition and measurement principles laid down in Accounting Standard 25 “Interim Financial Reporting", specified under section 133 of the Companies Act, 2013, read with rule 7 of the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed, or ‘hat it contains any material misstatement. 4, Without qualifying our report, we draw attention to Note 4 of the unaudited financial results in respect of application of revised non-performing assets norms Issue by Reserve Bank of India C’RBI") vide notification no. DNBR CC. No. 002/03.10.001/2014-15 dated November 10, 2014 by the end of financial year March 31, 2016 in accordance with the confirmation received from RBI by the Company. oO For S.R. Batibo & Co. LLP ew Re Re. (ER Pre per vawan Jn foe sare Nad) Partner Partner Membership No.: 102102 Membership No: 128355 Place: Mumbai Place: Mumbai \ctober 29, 2015,SPARS at unas rn 9 tty ha Meee ein caret aa ma omaesy | Cemaned | Cee (Goan Tlf en ero ry 2 a 250 S88 asronsuaion ror re gunz 4x0 So survenngn as . Winauaited) | nawilied) | (Unaudited) | (Unasdiesy | (Unasdies) | nse raga Ft a ronson) Peri ee STO \(tn aon boro Ure stat oa, ae) ue [TOTAL -EQUrrY aND LIABILITIES ra.17.450 2718 | |) Non-corrent amats Seared fra cae coe e| at ea eit eee iiaeee 2 The above ress have bot sot to Limited Review by tary Auto ofthe Company, excep fr figures for yearend March 31,2018, wish ve ben set a 4 The Toad of Dietes hve declared an inti dividend of 40% (Rs. A= per egy share of fae valu of Rs 10 each fly pid up) so swe storebollers whose name wl ppearon teres of mbes as on November 06, 2015 being the er dat Tr payment of dividend forthe inna ear 201516 44yazeorance wi the eonfimatonresved by the Company from he Resove Bank of India RBI, the Company shall implement revised none eforingases NPA") nas provide in RBI oieaton no, DNBR. (PD). CC. No, 00203.10.001/201418 dated November 10,2014 hy the end (Se inal ear Mark 31, 2016 5 The propose Scheme of Aralgation (Scere) of Shin Fuipment Face Company Limited (SEFCL) wit Shriram Tranpat Finance Company Lin” (he Compan) approve by the Boar of Diet ofthe Company has boo i with tok exshangs on September 29,2015. SEFCL isa ‘Wholly owned subsidiary fhe Company. Te Scheme sujet o approval ofthe High Cour, harcore evant regusary suthoron may be nec (6 The in viendo Rs. 6p coy share Rs, 10a Le. 69) othe Final yar 2014-15 approved by the shrcolrs atthe 36th Annual ‘Gera Mosting held on ly 1, 2018 a paid on August 62015, 1°TRe Company operas ins single eprsble sepnet ttf naneing, which ha ilar its and ees forthe purpose of AS-I7 on “Segment Reporting ted under the Companies (Aceoning Sandard) Rus, 2006 (s amended), The Compary peas ina single geographical segment ic dame 1 The foc pues te standslane rancil esuhs of the Company. The Figures fr he previous peioear ave been rerwuped rearanged wherever ssn to coi oe erent prog pression The reso th company are vaale at worwhscidiacom, wasn com and www stein By order af the Board For Shriram Transport Finance Company Listed hy Aes Pace: Mambs Date + October 29,2015 ‘Umesh Revankar Managing Director DIN: