BKANDRIA CHEMICALS

& INDUSTRIES UMITED

Registered
Office:
Park Plaza
71. Park Street.
7th Floor
Kolkata-700
016
Tel:
+9 I-33-403 I -3200
Fax:
+9 I - 33 -4 0 3 13 2 2 0
CIN
:L24110WB1960PLC024910
E-mail:calall@kanoriachem.com
Website :www.kanoriachem.com

29th November, 2016

The Manager
Symbol: KANORICHEM
Listing Department
National Stock Exchange of India Limited,
"Exchange Plaza", Plot No. C/1,
"G" Block,Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 051
DCS-CRD
BSE Limited,
1st Floor, New Trading Ring,
Rotunda Building, P.J. Towers,
Dalal Street, Fort,
Mumbai - 400 001

Code No. 50 6525

Dear Sir,
Sub: Unaudited Financial Results for the quarter and half year ended 30th September, 2016
In terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we enclose herewith a copy of Unaudited Financial Results and Segment Report for the
quarter and half tear ended so" September, 2016 and Unaudited Statement of Assets and
Liabilities as at 30 h September, 2016, approved by the Board of Directors of the Company at its
Meeting held today, the 29th November, 2016. The Meeting commenced at 11.45 A. M. and
concluded at~:
P. M.

30

A copy of the Limited Review Report of the Auditors of the Company in respect of the said results is
also enclosed.
Thanking you,
For Kanoria Chemicals & Industries Limited
~~
...
N K Sethia
Company Secretary
Encl : as above

Corporate Office: Indra Prakash. 21, Barakhamba Road, New Delhi - 110001,Tel: 91-11-4357-9200, Fax: 91-11-2371-7203. 2376-6486

Singlii

et Co.

Chartered Accountants
161. SARAT BOSE RO'\D, KOLKATA 700026. (INDIA)
1): +91 (0)3324196000. 98362 33222 [mail . kolkata(ivsinghlco.com Website' www.sinqluco.corn

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

To The Boardof Directorsof

KanoriaChemicals& Industries Umited
We have reviewed the accompanyingStatement of UnauditedStandaloneFinancial Resultsof MIs Kanoria
Chemicals& Industries Umited ("the Company'')for the quarter and six month ended 30ttl September,2016
(''the Statement',), being submitted by the Companypursuant to the requirement of Regulation33 of the
SEBI (Usting Obligations and Disclosure Requirements)Regulations, 2015, as modified by arcular No.
CIR/CFD/FAC/62/2016dated July 5,2016.
This Statement, which is the responsibilityof the Company'sManagementand approved by the Board of
Directors,has been prepared in accordancewith the recognitionand measurementprincipleslaid down in the
Indian AccountingStandard 34 "Interim FinancialReporting"("Ind AS 34''), prescribedunder section 133, of
the CompaniesAct, 2013 read with relevant rules issuedthereunderand other accountingprinciplesgenerally
acceptedin India. Our responsibilityis to issuea report on the Statementbasedon our review.
We conductedour review of the Statement in accordancewith the Standard on Review Engagement(SRE)
2410 "Review of Interim FinancialInformation Performedby the Independent Auditor of the Entity," issued
by the Institute of Chartered Accountantsof India. This standard requires that we plan and perform the
review to obtain moderate assuranceas to whether the Statement is free of material misstatement.A review
is limited primarily to inquiries of Companypersonneland analytical proceduresapplied to financialdata and
thus provide less assurance than an audit. We have not performed an audit and accordingly,we do not
expressan audit opinion.
Basedon our review conducted as stated above nothing has come to our attention that causesus to believe
that the accompanyingStatement, prepared in accordancewith the applicable Indian AccountingStandards
as prescribedunder Section 133 of the CompaniesAct, 2013, read with relevant rules issuedthereunderand
other accounting principles generally accepted in India, has not disclosed the information required to be
disclosed in terms of Regulation 33 of the SEBI (Usting Obligations and Disclosure Requirements)
Regulations,2015, as modified by Circular No. CIR/CFDjFAC/62/2016dated July 5, 2016, including the
mannerin which it is to be disclosed,or that it containsany material mis-statement.

For Singhi & Co.

CharteredAccountants
Firm RegistrationNo. 302049E
RfJ...JAN

,~

.......,
(f (Bajiv

Singhi)
Partner
MembershipNO.053518
Place:New Delhi
Date: 29th November,2016

MUMBAI

NEW DELHI

BANGALORE

CHENNAI

AHMEDABAD

KANORIA CHEMICALS & INDUSTRIES LIMITED

"Park Piau", 71. Park Street, Kolkata-700 016
Phone No. +91334031 3200, ~ No. +913340313220
CIN : L24110WB196QPLC024910
Website: WWW.kanorlaeh.m.com
STATEMENTOF UNAUDITEDFINANCIAL RESULTS FOR THE QUARTERAND HALF YEAR ENDED 30TH SEPTEMBER.2016
Quarterendad

Particulars
1, 1'.'~~fJ:~I11~r~I)!1

___

....__{IILR.!"!!l.U!.fl'1:l!"_9E!!!'~!1.'.... .__
__j~l.QthttI: ClpIIra.tl.l1_!1_~~'
..._.
_._!_otIill~.!rom
~~a!!'_tI!I!_.
__..
..

..... 7,II_Q?_
305
.8,107
283
8,390

2. Incomefrom Invaatmenta

(i~~!fp_m.~"iii~;tCiI_n_i~t.neIl",.
_4,--~n.a.
.
_
,
__..Ja2S~~_rn_ateria~~!IJI11~_

.... i!>J.fIJ~!'.~ot

14,495
615
15,110
1,076
16,186

.16,450
820
17,070
571

17,641

.
.

~:ln:t.rIl_d_e

. . __(YJ Cha~e~~l!lrly!!'.t()!~Sof.finished

goods, work:in'prol1ress and.Stocki"':trad ..

(dUx~se_[)_uty .....
__
. {~)_E.lT\flI()y_ee benefits exp!tnH
(f) Power &. Fuel.
.
.

...(9L~~!~nt.""'()rtI~ti()ll
.... _(tlJ..Q!~~.~~'!Sfl8

_ ..!.l?_ta!~p!'.rI~._

""'.

~.!'r?flt_rro!'.' CI~!!1iO.I\!&_In....f.!.tI1Ielltt befol'll ~r.

8. Other

Income

In"CI!'.'.,a'!_d!,lnll!'~C:~.~_...

:a':'Filii,;ce&,stS'
proftifrtmloidin.ry.~ii;'fu"-befo"'Fin.n~,;
.. - ---- - '.. ...
- -.-~o.tt.....

1,665

1..530

14,&64
1,622

16,2_10

10.2

1,aU
_258
, 1t36~._

'i::r>!iif!!rOi:ft~~rd!n!ii~!riI!~~.ii!~'!::fio:
..
1_g_,__T!".E"e!"!f.!I_.._. .
11. Nf.!iPI'()IItf()r the period .. ........

178

.
t~,.Ot~!!~CI!'.'JlrIl~f.!!,~lv.Ine0lne(Nf.!iClLT!_xl ...
13, 'T~I()ClI11P_rsh~I,!,!!'.'C;~fo.r_th. period (Net of,.ax)

347
36
383

14. Paid up Equity Sharec;apitll!.!t 51:J).erhare)

15. Earni
r Sharesf Basle& DMed

2,185
0.80

215
626
36 ...
861
_~,1.85

S46
2,185

1.43

1.17

393

973
71

"-."---~."-".~-~

.1,044
2,185
2.23

. __1.431.

..2.8~
.1,713
454
1,269
182
1,071
33
1,110

2,185
2.46

Particulars

1. Segmant Revenua
Nco Chemicals

__~rf~~r~~=:==_
=i-=5.!i~lti1I!!!!~~-==:
._.. _
_._~t,Jt~!lt!>!fE_re_T!"
AIco Che_mlcala.

_.. . ..

an~ FinarlC:e.Costal

....

.. _oIl1r!>DWeI' .
Leu:

.',.ii1 _Finan~

C:QS~a_

.. _ ... , .' ....

..

_ . ,

.,

(Ii) Other un-aIIocaplll.el(P!'.n~ltu.renet ..of1un-aUocabie income.

35,520

6.914

36,599

26,1'76
6,860
'355;10

68556

69497

68556

26,176
6,860

~,195
49

524
4,768

25,984

2,646
66
547
3,259

4,195
49
524
4,766

STATEMENT

OF ASSETS

In lakh

AND LIABILITIES

at
30.0U016

P.rtleul ....

AL~~E.:r:s

1. Non-current .aRts

--- (.1 Proptsr:t"Y,Ptal1!..rid Equipment

(h) c;apital W~:in-Progreas
.
(c) Other In~noiI:lleAs~
_.
(d) F~n_a.rteial"'ssels
(il Investm._nls
_
_(iii
Loans _.
..
__ .
(iii) Other Financial Assets
__ .(e)

O1tIerN_C)I1-(;.urrer;t~s!t~-

11. Currant A.. ats

. (If In~.nt()rteB:~ _ .

(bl F_inllll_cial"'s.!ets.

697-

(i) Investments
(ii) Trade Receivables
@) gash aiidcasti Equivalents
(iv) Bank Balances other than (iii) above

... _3.949
209
3,754
259
.562

Loans . .. .... - -.
(VI)other Firi.nciai-Amts
(v)

.(Cl Current

rax AS~~!Net)

. JcjL9!11!L(:.!!Jl!I1t

Assets .

Total Aseats

~~@fTY

~NOLlABI.LiTleS.

1. EQUITY

.. - (a)--equlty

Sl!_are<:_apital

(b LOthe_r_qui!Y

LIABILll1ES.
.
. 2. Non-:<:u!,..n!UablUtl ..
(a) Financialliabilitles
<i) . BorrOwings .
(ii) Other Financial Liabilities
(b,) _l()ng:tii_rrnJ>rol,iSio

nS .....

. (eLP~e~_T~l,!a_biIlUe.

(Net) _

3: Current LT.iiiiiiJ ..
. _==~(!l=i'i!i!';,_(:iar~ia~!i8'
.. _(i). ~~nll'
__ .

_(Ii) Trad_ePIl)'!~s

_.

to Micro_&. Small Enterprises

to Others
.(iii) ~
Uabilities
(b) Other Current Liabilities
(c) Short-term Provisions

FinanclSt

138
223
10,661
69497

Not":
1, The Company has adopted Indian Accounting Standards (Ind AS), prescribed under Section 133 of the Companies Act, 2013 read with the relavant rules
issued there under, with effect from "t April, 2016 and accordingly these financial results have been prepansd In accordance with Ind AS notified under the
Companies (Indian Accounting Standards) Rules. 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The
financial results, pre.ented In al:COl'dancewith Ind AS 101 - First-time Adoption of Indian Accounting Standards, have been prepared in accordance with the
recognition and measurement prinCIples In Ind AS 34 - Intarlm Financial Reporting. The figures for the quarter Bnd han ye.r enCied 30lh September, 2015
presented here are also Ind AS compliant.

2. A reconciliation of the financial

results to that reported under Previous Genera

Quarter
ended
30.09.2011

Particulars
Nat Proflt for the parlod " reported under prevlou. GAAP
Impact of measuring "investments at Fair Value thrOUgh
or Lo.,

Profit

MTM Lo

on derlvatlveeontTa'Ct ... - _. .. - .- ...

.
.
ReClassifiCationCit actuariallosa in respec:l of employee benefit schemes, to Other.Comprehena_lveIncome

Amortisation of transaction cost on borrowing

ia~Adjusime;;iS---
-...

Net Proiiifor thepeftOd i.reported utider

iven below:

ind AS

Otiii;rCon,p~I;.i!!!~!j~~~iJPI~
~fT.xL . .

Hllf year

endad
30,09.2011
I,1~
6
(17)
6
(22)
4

...1q77
33

1110
Total Com rahenaive Income for the
rlod Net of Tax
3, The Company doe, not have any Exceptional andlor Extraordinary Items to report.
4, Previous period', figures have been regrouped/rearranged wherever necessary to conform to the current period's cIa.l&ification.
5. Theae results have been reviewed by the Audit Committee aod approved at the meeting of the Board of Directors held on 29th November, 2016. Limited
Review of the.. results hal been carried out by the Statutory Auditor. of the Company. The Ind AS compliant fmencial results pertaining to quarter and haW
year ended 30th September, 2015 has not been subjected to timited review, however the management has exerc:iaed necessary due diligence to ensure that
the financial results provide a true and fair view of its affairs.
For and on behalf of the Board

Place: New Delhi

Date : 29th November, 2016

.V. Kanori.
Chairman & M na 109 Director
DIN: 000037112