CHANDI STEEL INDUSTRIES LTD.

OF ENDED 3OTH

( < in lacs) Ouarter [.nded HAII tear Uude{l:i,i-ii Ybti ['.ndnd lINc r9,0e:17 3.=..m.=u€ 30,0e;16::::: ii31,03i1?.: riirfi,u'nllfi i$i lnllir.,ll.iy,,?+..9--iiil lr."i;;ii..dl ::f:tlnnnditadl :(tlnauditedl TIInii,;Iillf,l fArrdiiidi lncome from Operations (a) Revenue from Operations 1 Ol 1,6'73.24 7,320.44 3,787.O5 9,941.O2 '5S (b) Other Incomc 0.23 19.8,1 (s.72. 45.80 18.39 'otal Revenue ( 1a to lb) 32s6.16 1,693.12 7311.72 3,&r2.85 9,959.41

2

Cost of Nlaterials Consumed 2,0t2.87 1,00,1.94 5,004.8 1 2,198.56 5,851.37 Purchases of stockin-trade Changes in inventories offinished goods,work-In-progress afid stock 31'75 (t7 s.23" (r2r.531 (eo.6e ) Excise Duty 262.98 262.98 316.40 815.51 ) Employee benefits expense 65.t4 57 .67 33.31 122.81 64.46 4226 \o7.37 '70.93 263.7',1 556.75 Depreciation and amortisation expense 31 .91 30.58 20.97 62.49 4r.05 94.22 ) Other expenses I,066.24 791 46 545.08 1,863.70 1,024.99

Total expenses (2a to 2g) 4,027.62 3238.57 1,685.5.1 7266.19 3,818.54 9,937,96

3 Ioss) before exceptional and extraordinary items atrd tax (1-2) 30.9,1 17.59 7.58 48.53 1432 21.45

4 14.12 485 (1.1 9l JOO

5 26.O9 18.78 7.58 44.87 1432

6 )ther Comprehensive Income i) ltems that will not be reclassified to prolit or loss Remeisffrepent of defined benilit liability Income tax rclating to items that will not be reclassilied to profit or

) Items that will be reclassified to profit or loss Value clrange on inystments

other comprehensive ineome,net of Tax

Comprehensive income for the period 18.78 7.58 41.87 1132 18.1 I

7 Equity Share Capital 1,053.62 1,053.62 1,053.62 1,o53.62 \,053.62 Share of { tOl each)

8 - Basic (not mualised) ({ ) 0.25 0.1 8 0.07 0.43 0.14 0.20 - Dituted (not mualised) ({ ) 0.25 0.18 0.0'l 0.43 0.14 0.20

Iollrn- ?0 J01 | /*

Regd. Office 3, Bentinck Street, - 700 001 Works 16, Belur Road, Phone : +91 33 2248 9808, 22488173 Liluah, Fax: +91 33 22430021 122107893122426263 tr-mail . nhonr{iclaalindr rclriocldnmail nnm Phone :2655 6779, 2655 6667 CHAN DI STEEL INDUSTRIES LTD.

STATEMENT OF ASSETS & LIABILITIES ( < in lacs) / Farticulars As at As at 30.09.17 31 01 20r7 (UnAudited) (Audited) lAssETs

I Non-"r.r"nt ,..*t, lrop"rty. plrnt lnl -d equrpment 1,508.14 1,345.68

I b ) Capital u'srk-rn-progless I 3.625.38 3,625.38 ln\estment propenv lc) Other Intmgible assers ld) le) Financral as:ets r) lnvestments I I ri) Loans 6.88 6.88 I iri) Other financral Assets I D€fered til assers {Net) l1) lg) Other non-cunent assets I 16.9't t6.9',7 jc,,."n, 5,15731 4,994.91 urr",, fat Inventorres 923.13 t,254.6',1 lby Fi.-",ui urr.t, i I i I Inlestments I ii) Trade rece,rables 1.302.84 t,093.24 | ,rr) Cash md Cash equrvalenrs 70.1'1 24.75 I rv;Sutbalanceorhenhm{rrr)abore I 0.55 8.47 I u1 toun, 1,999.25 2,168.53 ld) Cuent tax asset (Net) 10.73 1',7.91 e) Other curent assets t.66',7.40 I,363.20 5,984.67 5,930,77

Total Assets 11,142.04 10,925.68

EQUITYAND LIABILITIES a) Equity Share capital I,O53.62 1,O53.62 b) Other equity 523.31 478.44 t,5'16.93 I,532.06 LIABILITIES Non-cunent Iiabilities a) Financial liabilities i) Bonowings 254.11 245.36 b) Defened tax liabilities (Net) 106.43 102.7'7 c) Other non-cuent liabilities d) Provisions 11 98 1 1.98 372.52 360.1 Current Iiabilifies a) Financial liabilities i) Borowings 4,200.60 4,399.59 ii) Trade Payables 4,157.9',7 3,916.'79 iii) Other financial liabilities 85.'17 68.02 b) Other cument liabilities 746.72 580.16 c) Provisions 1.53 895 9,192.59 9.033.5 I

Total Equity and Iiabilities 1,142.01 10,925.68

.'il'ffi trffi'*',/ \,.€(.qccqp7. F E=* Regd. Office 3, Bentinck Street, Kolkata - 700 001 ,,),*.u,--# : +91 2248 9808, 2248 8173 Phone 33 Liluah, Howrah Fax: +91 33 22430021 122107893122426263 tr,mail' alra nrliataaline{r ralriaa 16! nmail nam Phone :2655 6779. 2655 6667 CHANDI STEEL INDUSTRIES LTD.

Nores

I The above results have been revie*'ed by the Audit Committee md subsequently approved and taken on record by the Bord ofDirectors ofthe Compmy in their respective meetmgs held on Tuesciav l4th November. 201 7.

2 The limited Review of the un-audited Financial Results for the quarter ended 3 oth Sep 201 7 has been Cmied out by the Statutory Auditors of the Co. md the related report is being r foruaded to the Stock Exchage The Company is predommatly engaged in one reportable segment which is Iron & Steel md hence, no further disclosure is required under Accouting Stmdud - 17

4 The company has adopted Indian Accounting Statnduds (refer to as 'IND AS') with effect from I st April 201 7 md accordingly these Financial result along with the compuatives have been prepared in accordmce with the recognition & measuement principles laid dom as per IND AS 34 "lnterim Finacial Reporlilg" as prescribed under sec 133 ofthe compuies act, 2013 read with the relevmt mles issued thereunder & the other Accountitrg principles generally accepted in .

5 Previous period figures ue regrouped / restated. wherever nessecary.

6 Reconciliation between Finmcral Results as reported uder erstwhile lndim C.d{P(refered to as I-Gd{P) md India AS ue summuised as bellow:

)/Decrease in defined Employee B€nifit Cost )/Decrease in Other Expenses for Allowance oflmpaiment Loss Tax Effect on Above Adlustment

FoT CHANDI STEEL INDUSTRIES LIMITEI)

Place : Kolkata Dated : 14th November,2017 fiw*' Devendra Prasad Jajodia M-.gggg!g Director + 9PiDUKll Il ,r.r..r€t

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Hegd. Office 3, Bentinck Street, Kolkata - 700 001 Works 16, Belur Road, Phone : +91 33 2248 9808, 22488173 Liluah, Howrah Fax: +91 33 22430021 122107893122426263 Dhaaa, tARA A77O OAEE AeeT t-

IJ Y JATANIA & Chartered Accountants

REVIEW REPORT

rq

BoaKt of Directors of Chandi Steel fndustries Ltd. 3, Bentinck gtreel Kolkata-7O0OOI

we have reviewed the accompanying statement of unaudited financial results of chandi steel Industries Limited for the Half Year/ period ended 30th September,2017. 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 oilr 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 Accountints of India. This standa-rd requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of materials misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provided 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 acco{panying statement of unaudited financial results prepared in accordance with applicable Indian Accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulatio" SEBI (Listing Obligations and Disclosure Requirements) iegulations, 2015, as modified ^11 tlflq by circular no CIR/CFDI|AC16212OL6 date July 5,2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For BYJATANIA&CO. Chartered Accountants 11010E For B. Y. JATANIA Chartered AccountaYv ce vaswgfif,.'x dATANIA Proprie (Partner) M.NO.050031 Ptr&: Kotkata Date: 14.11.2017

C-Block Mercqntile Building, Contact No. +9 I 98307 5287 5 9/1, Lal Bazar Street, E- Mail : y kj at ani a@gmail. com Kolkqta 700001