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CIN No.: L24200MH1980PLC023501

REFNOL
RESINS & CHEMICALS
LIMITED

Plot 23, Phase III, G.I.D.C., NARODA,

Ahmedabad382330. INDIA
TeI:+ +9179-22820013,22822266
Fax:+ +91-79-22820476
e-mall:conlacl@refnol.com

12 th February, 2016
To,
Bombay Stock Exchange Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001
Dear Sir / Madam,

Scrip Code: 530815

Sub.

Outcome of the Board Meeting held on 12t h February, 2016

We are pleased to submit herewith copy of the "Un-audited Financial results" of

the company for the Third Quarter ended on 31 st December, 2015 duly approved
by the Board of Directors of the Company at its Meeting held on Friday, 12 th
February, 2016 alongwith "Limited review Report" of Statutory Auditors of the
company, pursuant to Regulations 33 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Commencement of Board Meeting:
Conclusion of Board Meeting:

Q'. 3 0

3 '. '3 0 f' rvt

. rn .
I

Kindly take the same on your records and acknowledge the receipt.
Thanking you,
Yours faithfully
Fo~eslns& Chemicals Ltd

Sum~

Company Secretary & Compliance Officer

Encl: As above

,I

Regd. Office: 410/411 Khatau House, Mogul Lane, Mahlm, Mumbal400 016.

REFNOL RESINS AND CHEMICALS LTO.

Regd. Office: 410/411, Khatau House , Mogul Lane

CIN No.
E-mail

Mahim (W), Mumbai - 400 016.

L24200MH 19S0PLC023507
contact@refnol.com
www.refnol.com

Website

PART -I

Tel: 079-22820013, Fax :079-22820476

Statement of Standalone Unaudited Financial Results for the Quarter and Nine Months ended 31st December 2015

(Rs, in Lacs)
Standalone
Sr.
Particulars
No.
1 Income from operations
(a) Net Sales I Income from operations (Net of Excise Duty)
(b) Other operating Income
Total income from operations (net)
2 Expenses
(a) Cost of materials consumed

31/12/2015

Quarter Ended
30/09/2015

31/1212014

Nine Months Ended

31/1212014
3111212015

Unaudited

Unaudited

Unaudited

Unaudited

520.76

504.20

487.29

Unaudited

Audited

1631.95

1503.39

2028.45

520.76

504.20

487.29

1631.95

1503.39

2028.45

328.57
2.19

1035.91
(17.48)

996.35
12 79

1350.00
36.64

199.88
6.01

170.8 7

25078
7.74
343 58

31980

324.42

(b) Changes in inventories of finished goods and WIP

(5.32)

(9.28)

(c) Employees benefit expense

(d) Depreciation & amortisation expense
(e) Other expenses

69.56
2.71
94.81

65.44
2.01
81.31

57.92
1.25
81.06

285.99

6.46
260.37

Total Expenses

Year Ended
31/03/2015

481.56

463.90

470.99

1510.31

1446.84

1988.74

3 Profitl(Loss) from Operations before Other Income,

Finance Cost and exceptional items 11 - 21
4 Other Income

39.20

40.30

16.30

121.64

56.55

39.71

1.20

1.13

1.70

2.55

4.03

12.06

5 Profit/(Loss) from ordinary activities before finance costs and

exceptional items (3 + 4)

40.40

41.43

18.00

124.19

60.58

51.77

6 Finance Costs
7 Profit/(Loss) from ord inary activities after finance costs but before
exceotional items 15 - 6\
8 Exceptional Items
9 Profitl (Loss) from ordinary activities before Tax (7 - 8)
10 Tax Expenses
11
12
13
14

Net Prof it/(Loss) from ordinary activities after Tax (9 - 10)

Extraordinary items (Net of Taxes)
Net Profit/(Loss) for the period (11-12)
Paid up Equity Share Capital (Face Value of RS .l01- each)

15 Reserves excluding Revaluation Reserves as per

balance sheet of orevious accountina vear
16 a] Earning Per Share (Before Extraordinary items)
(of Rs. 10/ each) (not annulised)
Basic and Diluted EPS
b] Earning Per Share (After Extraordinary items)
(of Rs. 10/- each) (not annulised)
Basic and Diluted EPS

19.73

23.32

24.40

63.17

73.17

95 08

20.67

18.11

(6.40)

61.02

(12.59)

(43.31)

20.67

18.11

(6.40)

61.02

(12.59)

(43.31)

18.11

(6.40)

20.67

.
61.02

(12.59)

(43.31)

20.67

18.11

(6.40)

61.02

(12.59)

(43.31
308.99

(637.81)

0.67

0.59

(0.21)

1.97

(0.41

(1.40

0.67

0.59

(0.21)

1.97

(0.41\

(1.40

PART-II
Select information for the Quarter and Nine months ended 31st December 2015
Sr.
Particulars
No.
A PARTICULARS OF SHAREHOLDING
1 Public Sharehold ing
- Number of shares
- Percentage of Shareholding
2 Promoters & Promoter group Shareholdmq
(a) Pledged 1 Encumbered
- Number of shares
- % of Share ( % of Total shareholding of Promoters)
- % of Share ( % of Total share capital of the company)
(b) Non-encumbered
- Number of shares
- % of Share ( % of Total shareholding of Promoters )
- % of Share ( % of Total share capital of the company)
B INVESTOR COMPLAINTS
Pending at the beginning of the quarter

Quarter Ended
31/12/2015

3111212014

30/0912015

31/12/2015

31/12/2014

Year Ended
31/03/2015

1448399
46 .88%

1448399
46.88%

1454450
47.07%

1448399
46.88%

1454450
47.07%

1448399
4688%

25600
1.56%
0.83%

25600
1.56%
0.83%

926970
56.68%
30.00%

25600
1.56%
083%

926970
56.68%
30.00%

926970
56.47%
3000%

1615901

1615901

708480

1615901

708480

714531

98.44%

98.44 %

43.32%

98.44%

43.32%

43.53%

52.29%

52.29%

22.93%

52.29%

22.93%

23.12%

3 months ended
31112/2015

Nil

Received during the quarter

One

Disposed during the quarter

One

Remaining unresolved at the end of the quarter

Nine months Ended

Nil

Notes:
1 Tce above results have bee, reviewed by the Ad Committee and approved by the Board of 0'''''0.'''''''''' meetmq held 0' " . February, zoie
5
'" 1>t: ll~.J"ttJ, U

2 The Statutory Auditors of the company have carried out Limited Review of these results for the quarter and nine months ended

31

, J.01..5'

3 The management information system of the company identifies and monitor "Chemicals" as the business segment.
4 In spite of company's net worth being fully eroded . Accounts have been prepared on going concern basis .
5 Figures have been regrouped 1 rearranged 1 reclassified wherever necessary.

~Be:M~
I CAL LI ~
~ Older ~ the Board

For, REFNO

Place : Mumbai
Date : 12th February, 2016

Mahendra K Khatau

Chairman

ID
I

G.P. KAPADIA & CO.,

Chartered Accountants
Phone No; (079) 27541238
Email [D:gpkcoalzmedabad@gmail.com

4 Third F~oor
Harsiddh Chambers
Ashram Road
Ahmedabad 380014.

LIMITED REVIEW REPORT

TO THE BOARD OF DIRECTORS OF
REFNOL RESINS AND CHEMICALS LIMITED

We have reviewed the acc9.Tl?E!ying statement of unaudited financial results of Refnol Resins and
Chemicals Limited for quarte'?"ii'iiie
,... months ended 31 st December 2015. 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 these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400,
Engagements to Review Financial Statements 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
financial statements are 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.
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 recognized 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.

G.P. KAPADIA & CO.,

CHARTERED ACCOUNTANTS

Registration No. 104768 W

PLACE: Ahmedabad
DATE: (.!-/02/2016

~~!=~
PARTNER
Membership No. 10217

Mumbai Office: Haman House, Ambalal Doshi Marg, (Hamam Street), Fort, Mumbai -01

Telephones: 022-22654239/42984313 Fax: (91-22) 22654256