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GLOBUS CORPOORATION LIMITED

To, The Dy, General Manager, Bombay Stock Exchange Ltd, Corporate Relationship Dept., PhirozeJeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

Date: 24.05.2016

Sir,

Sub: Outcome of the Board Meeting held on 24 th May, 2016.

Ref: Globus CorpoorationLimited

(Code No. 531904)

In the meeting of the Board of Directors held on 24thMay 2016, Board discussed and approved the following:

1.

Adoption

of Audited Financial results for the quarter and year ended 31 st March,

2016.

  • 2. Adoption of Audited Financial Results for the year ended 31st March, 2016.

  • 3. Report on Quarterly Financial Results and Year to Date Results

Auditor's

31.03.2016

of the Company Pursuant to the Regulation 33 of the Listing

Agreement.

  • 4. of resignation of Mr. Vikram Shah Independent

Acceptance

Director of the

company.

Kindly take the same on record.

Thanking You,

Yours Faithfully For Globus Corpooration Limited

Dr. Mahendra Shah Mg.Director Din NO.01650375

Encl: As above

CC:

To, National Stock Exchange

of India Ltd.

Registered Office: 102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004. Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co Works: 102A, S. V. Co-op., Industrial Estate, IDA Ballaram. Jinnaram (M). Medak. Dist. A. P. Pin: 502325. Ph.:

09394204555

GLOBUS CORPOORATION LIMITED

(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

PART-I

 

(Rs. In Lacs)

Year ended

Current year

Previous year

ended

ended

31.03.2016

31.03.2015

Audited

Audited

0.00

15.30

0.00

0.00

0.00

15.30

0.00

0.00

0.00

1.16

0.00

13.85

28.49

33.09

28.99

29.61

30.05

309.72

87.53

387.43

-87.53

-372.13

15.06

0.64

-72.47

-371.49

0.03

6.12

-72.50

-377.61

0.00

0.00

-72.50

-377.61

0.00

0.00

(72.50)

(377.61)

0.00

0.00

-72.50

-377.61

1277.18

1274.82

0.00

0.00

STATEMENT OF AUDITED RESULT FOR THE QUARTER ENDED 31.03.2016

Particulars

Quarter ended

3 Months

ended

31.03.2016

Audited

Preceding 3

Months ended

31.12.2015

Reviewed

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

5.31

28.99

13.73

0.00

0.00

0.00

8.47

0.00

4.69

48.03

-48.03

15.05

-32.98

0.03

-33.01

0.00

-33.01

0.00

(33.01)

0.00

-33.01

1277.18

13.16

-13.16

0.00

-13.16

0.00

-13.16

0.00

-13.16

0.00

(13.16)

0.00

-13.16

1277.18

0.00

0.00

Corresponding 3

Months ended

31.03.2015

in the

previous year

Audited

 

3.33

0.00

3.33

0.00

0.00

3.62

3.50

29.61

10.21

46.94

-43.61

0.23

-43.38

0,01

-43.39

0.00

-43.39

0.00

(43.39)

0.00

-43.39

1274.48

0.00

(a)

(b)

Total income from operations (net)

Expenses

Cost of materials consumed

Purchases of stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock- in- trade

Employee benefits expense

Depreciation and amortisation

(a)

(b)

(c)

(d)

(e)

ex ense Refer note (f» Other expenses(Any item exceeding

10% of the

total expenses relating to

continuing operations to be shown

Total Expenses

Profit / (Loss) from operations before other income, finance costs and

Exceptional items

Profit / (Loss) from ordinary before tax 7-8

Tax Expense - Current Tax

~ Net

activities

Profit / (Loss) from ordinary activities

after tax 9-10 Extraordinary items (net of tax expense)

Net Profit / (Loss) for the period (11 - 12)

Reserves excluding Revaluation Reserves as per balance sheet of previous

a c

n in

Registered Office:

102, Sanjay Chambers. Choubal

Lane, Opera House, Mumbai - 400 004.

Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co Works: 102A, S. V. Co-op., Industrial Estate, IDA Ballararn. Jinnaram (M), Medak, Dist. A. P. Pin: 502 325. Ph.: 09394204555

G GLOBUS CORPOORATION LIMITED

(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

  • 16 t Earnings per share (before extraordinary items) of Rs. 2/-each (not annualised):

Rs.

(a)

Basic

(b)

Diluted

-0.05

-0.05

-0.02

-0.02

  • 16 Earnings per share (after extraordinary items) of Rs. 2/-each(not annualised): Rs.

(a)

Basic

(b)

Diluted

-0.05

-0.05

-0.Q2

-0.02

See accom an ing notes to the financial results

Particulars

A PARTICULARS OF SHAREHOLDING

1

Public Shareholdin

Number of Shares Percentage of Shareholding

2

 

b)

B

uarter

Quarter ended

3 Months

ended

31.03.2016

Audited

Preceding 3

Months ended

31.12.2015

Reviewed

53324325

83.50

53324325

83.50

Nil

Nil

Nil

Nil

10534675

100.00%

16.50%

Nil

Nil

Nil

Nil

10534675

100.00%

16.50%

3 months ended 31.03.2016

Nil

Nil

Nil

Nil

 

-0.07

-0.07

-0.Q7

-0.07

Corresponding 3

Months ended

31.03.2015

in the

...

-.

Audited

55492325

 

86.90

Nil

Nil

Nil

Nil

 

8366675

100.00%

13.10%

-0.11

-0.59

-0.11

-0.59

-0.11

-0.59

-0.11

-0.59

IRS. In Lacs)

Vearended

Current year

Previous year

ended

ended

31.03.2016

31.03.2015

Audited

Audited

53324325

55492325

83.50

86.90

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

10534675

8366675

100.00%

100.00%

16.50%

13.10%

Fo<Gl~TO

Mg. Director / Director

Registered Office:

102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.

Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co Works: 102A, S V. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. A. P. Pin: 502 325. Ph.: 09394204555

G GLOBUS CORPOORATION LIMITED

(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

Reporting of Segment wise Revenue, Results and Capital Employed, under Regulotlon 33 of the listing Agreement

Particulars

Segment Revenue a Manufacturin . b Trading c Un-allocated Total

1

Less:Inter segment revenue

Net sales/ Income From 0 erations

2

Segment Results (Profit (+)/Loss(-) before tax and interest from each segment

a Manufacturing

b Trading

Total

Less:i) Interest

ii)Other unallocable expenditure

Add: iii) Un-allocable income

Total Profit l(Loss) Before Tax

3

Capital Employed (Segment assets-segment Liabilities)

a Manufacturin

b Trading

c Un-a lIocated Total Notes:

(Rs. In Lacs)

3 Months

ended

31.03.2016

Quarter ended

Preceding 3

Months

ended

31.12.2015

Corresponding

3 Months

ended

31.03.2015 in

the previous

Year ended

Current year

ended

31.03.2016

Audited

Reviewed

Audited

Audited

Year Ended

Previous year

ended

31.03.2015

Audited

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

3.33

3.33

0.00

3.33

0.00

0.00

0.00

0.00

0.00

0.00

15.30

15.30

0.00

15.30

-28.99

-19.04

-48.03

-0.02

0.00

15.05

-33.01

0.00

-13.16

-13.16

0.00

0.00

0.00

-13.16

-32.93

-10.45

-43.38

-0.01

0.00

0.00

-43.39

-28.99

-58.53

87.52

-0.03

0.00

15.05

-72.50

-50.96

-320.53

-371.49

0.00

0.00

0.44

-371.05

-85.24

-26.72

0.00

-111.96

-201.16

114.19

5.66

-81.31

(86.20)

44.38

-41.82

85.24)

(26.72)

0.00

-111.96

(86.20)

44.38

0.00

-41.82

  • 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at

their meeting held on 24th May, 2016.

  • 2. The Company hasTwo Segment as per Accounting Standard - 17 of ICAI.

  • 3. During the period call in arrrears of Rs.2,36,250/- on 1,57,500 Equity shares of Rs.2/- each (Partly Paid-up for

    • Rs.0.50/- each) has been received, and accordingly total 63859000 equity shares of Rs.2/-

each stands fully

paid-Up as on 31.12.2015.

  • 4. Previous periods figures have been regrouped, where ever required.

    • 5 Depreciation in the Fixed Assets are provided at the year end, asthe manufacturing activity was closed during the year.

      • 6. Unallocable income of Rs.15,03,812/- consists of excessprovision of electricity expenses made in earlier year, now no longer payable hence shown as income.

Place: Mumbai

Date: 24.05.2016

Dr. Mahendra Shah Mg. Director

Registered Office:

102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.

Works: 102A, S.

Ph.: 022-2387 3609 Fax: 022-2387 3609 Emall: mumbal@globuscorp.co v. Co -op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. A. P. Pin: 502325. Ph.: 09394204555

G GLOBUS CORPOORATION LIMITED

(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

STATEMENT OF ASSETSAND LIABILITIES AS AT 31ST MARCH, 2016

PARTICULARS

A EQUITY AND LIABILITIES 1. SHAREHOLDER'S FUND

As at 31.03.2016 Audited

(Rs.in lacs) As at 31.03.2015 Audited RS.

 
  • 1.1 Share Capital

1,277.18

1,274.82

 
  • 1.2 Reserves & Surplus

(1,174.13)

-1,101.63

 

Sub Total

103.05

173.19

 

2.

NON CURRENT LIABILITIES

 
  • 2.1 Long Term Borrowings

360.10

360.10

  • 2.2 Other Long Liabilities

72.21

25.44

 

Sub Total

432.31

385.54

 

3.

CU~RENT LIABILITIES

 
  • 3.1 Trade Payables

 

8.57

41.33

 
  • 3.2 Short Term Provisions

19.10

34.79

 

Sub Total

27.67

76.12

TOTAL EQUITY AND LIABILITIES

563.03

634.85

B

ASSETS

  • 5. NON CUREENT ASSETS

 
 
  • 5.1 Fixed Assets

 

5.1.1 Tangible Assets

171.26

197.09

  • 5.2 Non Current Investments

0.16

0.16

  • 5.3 Deferred Tax Assets (Net)

215.01

215.01

 

Sub Total

386.43

412.26

  • 6. CURRENT ASSETS

 
 
  • 6.1 Inventories

 

-

-

  • 6.2 Trade Receivables

121.74

148.04

  • 6.3 Cash and Cash Equivalents

1.31

3.35

Short

  • 6.4 Term Loans & Advances

53.55

71.20

Sub Total

176.60

222.59

 

TOTAL ASSETS

563.03

634.85

Re istered Office:

102, Sanjay Chambers, Choubal Lane, Opera ~ouse, Mumbai - 400 004.

  • 9 Ph.: 022-2387 3609 Fax: 022-2387 3609 Ematl : mumbal@globuscorp.co

Work$.: 102A, S. V. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M),

Medak,

.

A P P . 502 325 Ph . 09394204555

Dist. . .

In.

."

F;~ Regd. No. , 11S17SW

Email: sandipdoshi99@yahoo.co.in

.w.e.bs.it.e.:www_ •. s.a.nd.iP.v.do.s.h.ia.no.c.o .co.m__

(~-J

SANDIPV.DOSHI &CO.

CHARTERED ACCOUNTANTS

Sandip V. Doshi

.M.:.+9.1.~.·~.~~_O_·8.~.~O_·~9

Auditor's Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Clause 410f the Listing Agreement.

To, THE BOARD OF DIRECTORSOF GLOBUS CORPOORATION LIMITED.

We have reviewed the quarterly financial results of Globus Corpooration

Limited (formerly known as

Karuna Cables Limited) for the quarter ended 31 st March,2016 and audited the year to- date financial

results for the year from 1 st April 2015 to 31 st March, 2016, attached herewith being

submitted by the

company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the disclosures

regarding 'Public Shareholding' and 'promoter

and Promoter Group Shareholding' which have been

traced from disclosures made by the management and

results for the quarter

ended 31 st March 2016 have been

have not been audited by us. The financial

prepared on the basis of the financial results

for the quarter ended 31 st December 2015, audited annual financial statements as at and for the year ended 31 st March 2016, and the relevant requirement of Clause 41 of the Listing Agreement and are the responsibility of the company's management and have been approved by the Board of Directors on 24th May 2016. Our responsibility is to express an opinion on these financial results based on our review of

the financial results for the quarter ended 31 st December 2015, which was prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25, Interim Financial Reporting, issued pursuant to the Companies (Accounting Standards) Rules, 2006 as per Section 211(3C)

of the Companies Act,1956, and other accounting principles generally accepted in india, and our

audit of

the annual financial statements as at and for the year ended 31 st March, 2016 and the relevant requirements of Clause 41 of the Listing Agreement.

We conducted our audit in accordance with the

auditing standards generally accepted in India. Those

standards require that we plan and perform the audit to obtain reasonable assurance about whether

the financial results are free of material misstatement(s).

an audit includes examining, on a test basis,

evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that out audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results.

  • (i) Are presented

in accordance with the requirement

Agreement in this regard; and

of Clause 41 of the Listing

Mumbai Off. : Off. No. 23, 3rd floor, 241-243, Maharaja Bldg.,Opp. St. Teresa Church, Girgam, Mumbai - 400 004.Tel. : +91- 22- 2380 4002

Kandivali Off. : G -1, Jyoti Plaza, '{:\ wing, Gr. Floor, S.v.Road, Kandivali (West), Mumbai - 400 067.• M. : +91-9930280054

_SANDIP V. DOSHI &CO.

CHARTERED ACCOUNTANTS

CONTINUATION

(ii)

Give a true and fair view of the net profit/loss and other financial information for the quarter ended 31 st March 2016 as well as the year to date results for the year from 1 st

April 2015 to 31 st March 2016.

We further report that the figures for the quarter ended 31 st March 2016 represent the derived figures

between the audited figures in respect

of the current year full financial year ended

sr' March 2016 and

the published year-to-date figures up to 31 st December 2015, being the date of the end of the third

quarter of the current financial year, which were subjected to a limited review as stated in paragraph above, as required under Clause 41(1) (d) of the Listing Agreement.

Place: Mumbai Date : 24th May, 2016

FORSANDIP V. DOSHI & CO. Chartered Accountant

~Y.~.

(SANDIP V. DOSHI) Proprietor M. No.: 048949