BHANDARI HOSIERY EXPORTS LIMITED

(A GOVT OF INDIA RECOGNISED EXPORT

HOUSE)

REGD. OFFICE: BHANDARI HOUSE, VILLAGE MEHARBAN, RAHON ROAD,

LUDHTANA-141 007 (PUNJAB) (rNDrA)
PHONES: +91-88720-16410, FAX : +91-161-2690394, E-mail : bhandari@bhandariexport.com

Web:@

Corporate ldentification No. / CIN: L17115PB1993PLCO13930

TO

22.07.2016

BSE LIMIED .
FLOOR 25, FEROZE JEEJEEBHOY TOWERS
DALAL STREET .
MUMBAT- 400001
REG: OUTCOME OF BOARD MEETING
DEAR SIR.
This is to inform you that Board of Directors of the Company , in its Meeting held today i.e.
22.07.2016, has . inter-alia
1.

Approved the revised Audited Financial Results (for giving effect to recommendation of
dividend only) for quarter/year ended 31.03.2016. (Gopy enclosed)

It is further hereby informed that no other changes/corrections/revision have been

made to financial results/statements except for to give effect to recommendation to
payment of dividend for year 2015-16 and other consequential revision due to
recommendation of dividend
.

2.

Recommended a Dividend of Rs. 0.01 per share (i e.) @ 1oh on equity shares of the
face value of Rs. 1/- each subject to the approval of Shareholders at the ensuing
Annual General Meetino.

3.

Appointed Mr. Arun Kumar Oberoi (DlN 01 170725) as Additionall Independent Director
on the Board of Directors of the Company to hold office upto forthcoimg Annual General
Meeting of the Company.

4.

Appointed Mr. Arun Kumar Oberoi as a Member on the Audit Committee and
Nomination and Remuenration Committee of the Company in addition to existing
Members of the respective Committees.

Mr. Arun Kumar Oberoi S/o Shri Pran nath Oberoi R/O Gurgaon, having DIN NO. 0117e728,
aged about 66 years has a rich 40 experience of industry and business including hotels,
hospitality, freight and travel and he had been a director of MAYCO FREIGHT AND TRAVELS
PRIVATE LIMITED, NEWPORT COFFEE COMPANY INDIA PRIVATHLIMITED, ORCHID
CUISINES PRIVATE LIMITED. He is presently a Director of SEVEN DEVELOPERS pR|VATE
LIMITED and Desginated Partner in SKY MOON HOSPITALITY & TNFRASTRUCTURE LLp
which are into hospitality sector. He is not related to any directors of the Company. He has not/
does not hold any shares in the Company and has been appointed as lndependent director.
Presently, he is not a Director in any other listed Company
.

THANKING YOU
YOURS FAITHFU
FOR

COMP

ERY EXPORTS LIMITED

CRETARY

BHANDARI HOSIERY EXPORTS LIMITED

REGD. OFFICE: BHANDARI HOUSE' VILLAGE MEHARBAN'

.:,.effid*i

"l..*ff'
-'.*-1* "
:f"

RAHoN RoAD, LUDHIANA'141007 (PUNJAB) (lNDlA)

PHONES: +91-88720-16410 FAX : +91-161-2690394
ctN: Llz115PB1993PLco1393o
E-mail : bhandari@bhandariexoort com: WEB: WWW BHANDARIEXPORT COM
IN LACS

sfaiement of Audited Financial Results for the Quarter Financial Year ended 31.03.2016
,ARTICULARS

SR

3'1.03.20'16

ended 31.12.2015

Audited

for the Current perio(

ended 31.03.2015

Previous Year

ended 31.03.2016

Audited
AUDITED

AUDITED

AUDITED

516e

4644.e41

4sl

4202.291

-21.631
4623.31

1s.41

19857

77|

12489

3 28|
4205.571

1e868.741

17

12496,49
|

0l

I
I

3ee6 57l

4474s41

3e1e.441

.336.51

-45e.68

work-in-progress and stock-in-trade

77.431

72.43

423

501.78

(fl Other expenses

Total expenses
Profit / (Loss) from operations before other income,
3
finance costs and exceptional items (1'2)
4 Other income
Profit / (Loss) from ordinary activities before finance
cosis and exceptional items (3 + 4)
6 Finance costs
7 Profit / (Loss) from ordinary activities after
finance costs but before exceptional items (5'6)
6 Exceptional items
Profit / (Loss) from ordinary activities

161

4759.88

4697.42

-420.87

5231l

|
I
I

120.861

146 71

(d) Employee benefits expense

(e) Depreciation and amortisation expense

103e8 371

15389.331

0l

o ool
-20.01

_l
|.Jtl

10.e71

5188.861

Expenses
(a) Cosi of materials consumed
(b) Purchases of stock-inlrade
(c) Changes in inventories of finished goods,

115 371
36.43
443 76

1e2e 61

4055.32

18643.281

484

49S.401

541

126.52

302.841

1231 75
I

11820.31
I

74.11

428.98

150 25

,74.11

428,98

167.17

1225 461

676.18

lbefore

Previous Year

ended 31.03.2015 ofthe

UNAUDITED

AUDITED

lr Notes Below)
Income from operations
(a) Net sales/income from operations
(Net o{ excise duty)
(b) Other operating income
Total income from operations (net)

Year to daie figures

Preceding 3 Months Corresponding 3 Months

months ended

46]

676.1 B

58.73

86.63

677 15

376.64

-241.28

270.25

63.62

548.31

299.54

0.00
-241.28

0.00

270.25

63.62

548.31

299.s4

-28.50

58.00

-214

141.5

80 43

-212.78

212.25

65./6

406.81

tax (7+8)

10 | | ax expense

1225

50.25

Net Profit / (Loss) from ordinary activities aftertax (9'10)

items (net of tax expense Rs.lakhs)
13 I Net Profit / (Loss) for the period (1 1 + 12)
14
of profit / (loss) of associates*
I

lShare

15 I Minoritv
I

16

219.1

-212.78

proiit / (Loss) after taxes, minority interesi and share

profit / (loss) of associates (13 + '14 + 15).

406.81

219.11

0,00

0.00

0.00

000

65.76

212.25

interest'

12 I Extraordinary

ruet

lof

equity share capital

(146526950 equity shares of face value of Rs. 1/. each)
|
'18
Revaluation Reserves as
lReserve excluding
previous accounting year
l0er balance sheet of
1s (i) I Earnings per share (before extraordinary items
(a) Basic (On face value of Rs. 1/' per share)
|
(b) Diluted (0n face value of Rs. 1/- per share)
|
19 (ii) I Earnings per share (after extraordinary items
l(a) Basic (On face value of Rs. 1l per share)
l(b) Diluted (0n face value of Rs. 1/- per share)
17 I Paid-up

-21278

212.25

65.76

406 81

219.11

1465.21

1465.27

1465.27

1465.21

1465.27

4035.49

3682.87

"0.1:

0 145

0 045

0.145

0.045

a28
028

0.15

.0.1

-0.1:

0.145

0 045

0.28

0.15

.0.1 {

0.145

0.045

028

015

0.15

\IOTES

The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in its meeting held on 22.07 2016 al
the Registerd Office of the Company. The Financial Results for the Quarter/Year ended 31 .03.2016 were audited by the Statutory Auditors of the Company
2

The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year

to date figures upto end of the third quarter of ihe financial year 201 5-1 6
Ouiingtneeuarterended3lstMarch,20l6,theCompany'sequitysharesof Rs.'lOf eachweresplit/subdivided intoEquitysharesof Rs'l/-eachresulting
in increase jn number of equity shares from 1,46,52,695 equily shares of Rs. 1 O/. each to 4,65,26,950 equity shares of Rs. 1f each. Accrodingly to maintain
1

uniformitv and betler comparability, the E.P.S. of previous periods are re-stated as per sub-divided equity shares.
fhe fiqures of previous periods have been regrouped wherever considered necessary

comprises of only one segment - Textiles, therefore, the figures shown above relate to thai

The Comoanv has no Subsidiarv/ Associate Company

I
9

t is hereby declared that the above audited financlal results are based on Audit Report with Unmodified
fhe flqures have been reqrouped, recasled where ever necessary.
of investors Complaints pending at beginning of Quarter: NlL, Received during Quarter: NlL,

10

ffihe|don28'05.2016conSideredandapproVedthefinancia|reSu|tsforthequarterandyearended3103.2016'HoweVertC
recommendthedjvidendforthefinancial year20.15-l6,theBoardhasrevisedtheseresults.

Opinionllllg ttatulgry jlditors

o{ the Company

unresolved at end of Qua(er: NIL

Therearenootherchanges/corrections/revision madeto

financial results/statements except for giving efffect to recommendation and payments of dividends for the yeat 2015-16

oioivioenoot@1%i'e.Rs.o.01perequityshareoffaceVa|ueofRS.1|each.forthefinanCia|year201|

11
1

6, subject to the approval of the shareholders in the ensuing Annual General N4eeting of the Company.
For and on behalf of the Board of Directors

DATED: - 22.07.2016
Place

F*i

sd/-

i'li-:l: 'ii:l

( NITIN BHANDARI)
Chairman & Mq. Director

-Ludhiana

{,h

ai

rrl rini r,Jr.:. il

t )i

BHANDARI HOSIERY EXPORTS LIMITED

(A GOVT. OF tNDtA RECOGNTSED EXPORT HOUSE)
REGD. OFFICET BHANDARI HOUSE, VtLLAGE MEHARBAN, RAHON ROAD.
LUDHIANA_141 007 (pUNJAB) (tNDtA)
PHONES: +91-88720-16410 FAX : +91-.161-2690394
CtN: L.t 71 1 SpBl 993pLC01 3930
E-mail : bhandari@bhandarie"port.cor: WEB: WWW.BHANDARIEXpORT.COM
STATEMENT OF ASSETS,AND LIABILITIES AS AT 31,03,2016

(REV.)
(AMOUNT tN RS.)

]ARTICULARS

5R.

(AUDTTED)

EQUITY AND LIABILITIES

1
Shareholders' funds
(a) Share capital
(b) Reserves and surplus
(c) Money received aqainst share warrants
Subtotal - Shareholders' funos
Share application money pendinq allotment
Vlinority interest *
Non-current liabilities
(a) Lono{erm borrowinos
(b) Deferred tax liabilities (net)
(c) Other long{erm liabilities
(d) Long-term provisions
Sub{otal - Non-current liabilities
urrent ilaoilliles
(a) Short term borrowings
(b) Trade payables
(c) Other current liabilities
(o) snon-term provrsrons
Sub-total - Current liabilities
IOTAL. EQUITY AND LIABILITIES
ASSETS
Non-current assets
(a) Fixed assets
(o) booowill on consottdatton
(c) Non-current investments
(d) Deferrqd tax assets (net)
(e) Lonq-term loans and advances
(f) Other non-current assets
buD-totat - Non-current assets
2 Current assets
(a) Current investments
(b) lnventories
(c) | raoe recervaDtes
\u, uasn ano casn equtvatenls
\ , onorr-rerrn toans ano aovances
(0 Other current assets
ouu-tutdl
OTAL - ASSETS

AS AT 31ST MARCH

AS AT 31ST MARCH,

201 6

2015

146,526.950
401,785,81 0

146,526,950
368 286.771

548.312.760

514.813,721

143.199.605

168,553.782

26.357.1 58

24.207.158

69.556.763

192,760,940

409.497.470
92.858.623
1 1.503.643
15.228.269
529.088.005

299.285.544

447.641 .118

1.246.957 .528

1,155.215.779

28,415,601
1 0,718,61 9

I,221 ,354

,]

407.855.813

435,723,923

407,855,81 3

435.723.923

438,734,238
305,691,078
1 4.306.786
2,331,351
78.038.262

454.297.Q46

193,848,050
4,698,1 15

2.224 253
64,424,352

839,1 01 ,71 5

7't9.49'1 .855

1,246,957,528

1,155,215.779

Applicable in the case of consolidated statement of assets and liabilities

DATED :- 22.07.2016
Ludhiana

Place

l-cir.,i'

For and on behalf of the Board of Directors

'

'i

i.n . ? 'i- -.''s'' -

SD/NITIN BHANDARI
CHAIRMAN & MG, DIRECTOR

B HA N

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@bhandariexport.com
3930

(Declaration pursuant.to
sEBr circutar No. clR/cF Drc'Dt56r2o16
dated May 27,2016
oblisations and Disclosu.e nequilme,iirl!rr"*ions,
201s

"; ";";:"XJ

with sEBl (Listins

::f::T:J.:r"Jit']tO and declared that the Audted FinanciarResurts for Quarter/ Financiar year
flre compan"v-"il;;,iffifffi3tst:frTi;1,.J,,,j,.,r;ffJg:ffij;iffi#l#'3i:iliory
Auditors of
FOR BHANDARI HOSIERY
EXPORTS LIMITED

NITIN BHANDARI
9.f3lFMAN & MG. DrREcroR
LUDHIANA

VIPAN KUMAR AGGARWAL & CO.

sco

15-16,3RD FLOOR' JHANDU TOWER' MILLER GANJT GT ROAD

LUDHIANA-',| 41OO3 (PUNJAB)

Email:'yipan, aggarwal-ldh@yahoo.com

'

PHONE:0161'2539139

of the Company Pursuant to the

Auditor,s Report On euarterly Financial Results and Year to Date Results
Regulations, 2015
Regulation 33 oflhe SEBI (Listing obligations ancl Disclosure Requirernents)

'fo
Board of Directors of
BHANDARI HOSIE,RY EXPORTS LIMITE,D

LUDHIANA

LIMITED for the

quafier e'ded3l.,March, ZO .Oanaforthefinancial yearended 3l"March,20l6,attachedherewith,being
SEBI (Listing Obligatiorrs aud
subrnitted by the coffrpaly pursuant to the requirement of RegLrlation 33 of the
as well as the year to date
Disclosr-rre Requirerne,rts) Regulations,20lj. Th.." quarterly financial results
whicl-r are the
financial results have been prepared on the basis of the interim financial statements,
on these financial
respo'sibility of the company's management. Our responsibility is to express an opinion
accordance with
in
prepared
been
have
which
results based on our audiiof such interim financial statements,
Financial
for
lnterim
Standard
the recognitio' ald measurelrlent principles laid down in Accounting
relevant
w
ith
201 3 read
Repofti'g (AS 25 / Ind AS 34), prescribed, under Section 3 3 of the Companies Act,
as applicable and other
rules issued thereunder; or by the Institute of Chaftered Accountants of Indial,
HOSIERY EXPORTS
We have audited the quarterly financial results of M/s BHANDARI

accounting prirrciples generally accepted irr lndia'

in lndia' Those
We conducted our audit iu accordance with the auditing standards generally accepted
asslrrallce abotrt whether the
standards require that we plari and perform the audit to obtaiu reasonable
on a tcst basis" evidence
exatriniug,
inclLrdes
audit
fi'ar-rcial results are free of material misstatement(s). An
the accot-tnting
assessitlg
includes
s'pporti'g the amounts disclosed as financial results. An audit also
audit provides a
principleJ used and significant estimates made by mairagemertt. We believe that our
reasonable basis for our opiuion.

ln our opinion and to the best of our irrformation and according to the explanatiorls givert to

tts tltese

quarterly financial results as well as the year to date results:

(i)
(ii)

(Listing Obligations and

are presented in accordance with the requirpments of RegLrlation 33 of the SEBI
Disclosure Requirements) Regulations, 2015 in this regard; and
quarler ended 31"
give a true and fair view of the net profiV loss and other financial information for the
March,2016'
to
31"
April,20l5
0l''
from
period
March,2016 as wellas the yearto date results forthe
For Vipan Kumar Aggarwal & Co

Place: Ludhiana
Date '
957 -eu t

rt{-

(Cha

ntants)

t
r)

no. 081 198