-.

HARIBHAKTI E CO. LLP

Chartered Accountants

Auditor's Report on AnnuaI Standa[qne Financia[ Resul!s-qllh-ql-9.mpgly-Bg!-Ug!ll9

Reeutation 33 of the SEBI (Listine Oblieations and Disclosure Req.uiremenl!) Requlations.
201

To

The Board of Directors

Windsor Machines Limited

1"- We have audited

the accompanying Statement of Annual Standalone Financial Resutts of

Windsor Macl-lines Limited ('the Company') for the year ended March 31,2016 ("the
Statement";. being si:bmitted by the Company pursuant to the requirement of ReguLation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regutations,2015" This

Statement is the responsibility of the Companys management and has been approved by

lhe Board of Directors. This Statement lras been prepared on the basis of tlre

annual

financraI statements. Our responsibil.ity is to express an opinion on this Statement, based

on our audit of

surch annuaI financial statements, which have been prepared in

accordance with the Accounting Standards specified r,tnder Section 133 of the Companies

Act, 20i3 ('the Act') read wjth Rule 7 of lhe Companies (Accournt) Rules,2014 and other
accounlinq principles generat[y accepteci in lndia,

7"

We conducted or,rr audit of the Statement in accordance wjth the Standards on Audttinq

specified under Section 143(10) of the Act. Those standards reqr.tire tl'rat we pIan and
perform the audrt to obtain reasonabte assurance about whether the Statement is free of
ma[eria[ rnisstalement. An audit inclurdes examinjng, on a test basis, evidence supporting

the amounts discLosed in the Statement, An aurdit aIso includes assessing tlre accounting
principles r.rsed and significant eslimates made by management.

3.

We betieve that the;rudit evidences obtained by r'ls is surfficient and appropriate to

provide a reasonabte basis for our opinion on the Statement.

4.

In our opinion and to the best of our information and according to the explanations given

lo

us the Statement:

(i) is prc.sented in accordance yrjth lhe requ:irements of RegLtl.ation 33 of the SEBI

(Listing Obligattons and Disctosuire RequiremenLs) Regulalions, 2015; and
gives a true and fair view of the net profit and other financia[ tnformation of the

for the year ended March 31,7A16.

Haribhaktl & co. LLp, chartered Accountants Regn. No. AAC- 3758, a timited tiability partnership registered in lndia (conve.ted on 17th Jwre, 2014
from firm Haribhakti & Co. FRN: 103523W)
Registered office: 705, Leeta Business Park, Andheri-Kurta Road, Andheri (E), Mumbai - 400 059, lndia. Tet:*91 22 6672 9999 Fax:+91 27 6677 9777
Other offices: Ahmedabad, Bengaluru, Chennai, Coimbatore, Hyderabad, Kotkata, New Dethi, Pune.

HARIBHAKTI E CO. LLP

Chartered Accountants

The Statement includes the resutts for the Quarter ended March 31, 2016, being the
:aIancing figure between ar-rdited figures in respect of futt financiaI year and the
:ubLished year to date figures up to the third quarter of the current financiat year whrch
v;ere subject to Linrited review by r-rs.

eoi Haribhakti & Co.

LLP

Ciartered Accountants
lCAl Fjrm Registration No.103523W

Gslo,

,H

AtuLGaLa
Pa

rtner

Membership No.: 048650

.Je

Place: Mumbai

Date: May 25,2016

Continuation Shet

HARIBHAKTI E CO. LLP

Chartered Accountants

Auditor's Report on AnnuaI Consp]idated Financial Results of the Companv Pursuant to Requlation 33 of
the SEBI (Listine Obtieations and Disclosure Requirements) Reeulations, 2015
To

The Boarci of Directors

Windsor Machines Limited

.1.

Wc'have ar-rdited the accotlpanying Statement of Annuai Consotidatecj Financial Results of Windsor
l,Aachines Limjted ('the Holding Company') and its subsidiaries (the Holding Company and its
sr,rbsjdiaries together referred

to as 'thc. Group'), for the year

ended March 31, 7016 (',the

Statement"), beinq subrnjtted by the llolding Company pursuant to the requirement of Regutation 33 of
the SEBI (Listing ObLigations and DiscLosure Requirements) RegLrtatjons,2015. Thjs Statement is the
responsibility of the Company's managenrent and has been approved by the Boarcl of Directors. This
Statement has been prepared on the basis of the arrnuaI consotidated financiaI statements. Our
responsibility is io express an opinion on thjs Statement based on our ar.rclit of such annuaI consoIidated
financiaL statements, which have been prepared in accordance with the Accounting Standards specified
r,rnder-

Section 133 of thc Conrpanies Act, 2013 ('the Act') read with Rute 7 of the Companies (Account)

RLrIes, 2014 and

2.

other accounting principles generally accepted in India.

vie conducted our audit of the Statement in accordance with the Standards on Auditing specified under
Section 143(10) of the hct. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the Statement is free of materia[ nrisstatement, An auciit includes
examlning, on a test basis, evidence supporling the amounts disclosed in the Siatement. An aucjjt also
incLudes assessing the accountirrg principtes usecl and significant estimates made by management.

Wc'betieve ihat ihe audit evidences obtained by us and obtained by the other auditors jn ternrs of their

report referred to in paragraph 7 bc'Low, is sufficient and appropriate to provide a reasonabLe basjs for
our opinion on the Statement.
4.

ln our opiniorr and lo the best of our information and according to the explanations given to us, ancl
consideration of lhe reports of the other auditors the Statement:

(i)

irrcLudes the annuaI financiaI resuLls of the

Sr. No.

on

foIowinq entities:

Name of the Entity

Relationship

Wintech B.V.

Whotty owned Subsidiary

Wintech

Step down Sirbsidiary

Wintal A4achines

S. R. L
S. R. L.

Step down Subsidiary

is presentecl jn accordance v.rith the recluiremc.nts of llegLrlation 33 of the StBI (Listing Obligations
Disciosure Requiremc.nts) RegLrIations, 20'l 5; arrd

ti & Co. LLP, charteredAccountants Regn. No. MC- 3768, a timited tiabitity partnership registered in lndia (converted on 17th June, Z0i4
from firm Haribhakti &. Co. FRN: 103523W)
fie'gisteiedoffice:T05,LeetaBusinessPark,Andheri-KurtaRoad,Andheri(E),Mumbai-4OO059,tndia.Tet:+91
Other offices: Ahmedabad, Bengaturu, Chennai, Coimbatore, Hyderabad, Kolkata, New Dethi, pune.

226672ggggFaxi+91ZZ66T2glll

HARIBHAKTI E CO. LLP

Chartered Accountants

(iii)

gives a true and

Group

5.

fair view of the consolidatecj net profit and other financial information of the
for the year endc.d March 3'l , 2016.

We did not audit the financia| stalements

of 2 subsidiaries rnctuded in Statement, whose financial

statements refi.ects total assets of Rs.395,384,550 as at March 31,20'1 6, totat revenues of Rs.
379,767,737 and totai !.oss after tax of Rs. 90,627,877 f or the for the year ended on that date, as

considered in the Statemenl. The Statement also rnclude Group's share of net loss of Rs. 90,572,121
for the year ended March 31 ,2016, as considered in the Statement, whose financjal statements have

llot been audited by us. These financiaI statements have been audjted by other auditors whose reports
have been furnished to us by the Management and our opinion on the Statement, in so far as it relates
to the amounts and disclosr-rres jnctuded in respect of these subsidiaries is based sotely on the reports
of the other auditors.
6.

The Statement ittc[udes the results for the Quarter ended March 31 ,2016, being the batancing figure
between audited figures in respe'cl of fulL financiaI year and the pubtished year to date figures up to
the third quartc'r of the cLtrrent financial year which were subject to timited review by us.

For Haribhakti & Co. LLP

ChartL'red Accout

ants

lCAl Firm Reqistration No.1

Golb rHAtul Gala

Partn er

Membership No.:

04 B6

Place: Mumbai

Date: A{ay 25,2016

Continuation Sheet

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