Registered & Corporate Office: 207/1, Asal House, Bh Rjpth lb, OF. ASTRA) As, Hie itonnen fos ASTRAL POLY TECHNIK LIMITED. CIN : £26200GJ41996PLC029134 56, Highway, Ahmedabad - 80059, naa Phone: +91 796621 2000 Fax: +91 706621 2121 E-mal:ifo@aslepve.com Website: waste com "PART: 1. SEATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR TIE QUARTER AND SIX MONTH ENDED SEPTEMBER sins 3 Montsenaet [Peeing 3 Monts eaded | 6 Noni ene Sena| Panne usa Saoetens | seeanis |" saenaou If (Comat (anece)[ avast | (Unaaia T [lace fom Operas J. Ne Sales et feed) saamnee 923} wana sapat] —aszien scar Oper ome rn im 1170 2861 ‘an ett acome rom Opertns (et) saaawre | ——soy080e | ogee au | rasa fs. Cot of Matsa conned 67626 roms} ain] rasa] constas s50837 bps oft haa 22st ipwas}saana sana ose38 f: Changes ofits psd rd oem 32930] ates] aa (1st W690 fa tmployeeereticesene a9 73s Tost Taal 21771 ke Dereciton nemo expe won 35 vss] Leas ase sania |: ober exponen 43sris, saga] sou] _aeie| grata Peat otal penn TaD Bene | sae sso | assess] Tara 3 frre tram Operations dui eter income, nance cst anf 380 ‘aser] assay] —— esorat] santas Treas freon em (2) 4 [otter Income son 481 as 8109 816 ina 5 Joraiebatr nce cots a exepinl ens (4) Tas 7028 | a9498 | ane | aan 07 5 Fines Coe ans a. 208 53494 “6754 assy 1 |Proebetore exceptional items and tx 6) Sus T87 | zen90 | gana] gana Tosa 8 |scepsonst tne Retr ont) (sie) Guna 17.09)“ goaan| (ous (oman 9 Jevote wore tc). 2ScuTT 72ers 238987] Saas | aa 3a 10 fracexene ss16 2087 13040 276 1 serrrotoe epee 40) Taisar| zp. as 12 [rity Eo Stare Cpt ace Vso Re xh) Hiss ha Viasat 13, Reeves exeaig Roshan Rees [nase and Disted arings Pea) (Net Anaad) Lat 14s a 26 306 [PART SHLIECT INFORMATION FOR TIE QUARTER AND SIX NONTIS ENDED SEF IENFR Te A [oieaarrof tard 1 Prac Saran: amber of Shes 4m) anor} spssuson| — angoae r Amgen Paige of Shes 954s 900 e109 396% se. sas 2 |Pvomotes sn Peomtegrop Sharing JrPeseweacabers Note of Share : : : eens of Shes (a ofthe twa Scing of Pence ; sd Prone go) Pacentag of Shes (022 ofthe tal Sar Copal of be : : Cpa) Non “nett Nae Shee ruvssseo| —ri06saso] aunts! —ruogsaco] —zanteieo] 1198398 Perce of shes (a ote tl Shr of Prowse ro0¢0r 1004 ovo ——sanooxe} neon 00004] Prete) Pacers of Shs (a eh tl Shae Cail of i corr caoss| ans cooes| san as W_|iseston COMPLAINTS Moats waded = Peg ts begining ofthe gue + Resid ing he unr = Digsed fig gute = Reming wretch endef be quae [BRANCHES : New Delt - Phono: o1-2616 8156 Emi: di Email: chemsi@asvelepwccom Jaipur» Pona : 0141-2960 236 E-mail: Kocht - Prone: 081298 24161 E-mal:kochi@astleprecom i@astale.com Mumba - Phone: 022.2686 2227 E-nail: numbel@astalevecom Bengaluru - oil: 08-2661 7236 E mal :blte@estaepr com Hyderabad Telefax 0027900028 E-nalhyderabad@estacprccom Chenna- Prono ote oepeood Flbur@ostalpvecom Lucknow - Phone: 08222728 44 E nal :eknon@astaepvecamfifa” fae ASTRAL tahore INNOVATION flows ASTRAL POLY TECHNIK LIMITED ‘CIN : L25200GJ1996PLC029134 Registered & Corporate Office: 2071, Asal House, Bh. Rajpsth Cb, Of, SG, Highway, Ahmedabad - 80688 nda, Notes: jane : +91 79 6621 2000 Fax : +91 7 -mail: info@astralopve.com Website : www astalcpve.com 1 Slolemont of Assets and Libilies eee Saale Fe Particulars Feats00o2018 | Avat 34002016 : (Gnausiea) (used) IEQUTY AND LIRBILTES + |sharohotder' Fund sna Capa! 183.68, ssn0s Reserve ard Supe 3128708 sayra.0s 2 |Non-Gurrant ibiltes Long Tem Barons 1093988 ‘iaTe0s Detorod Tax bts (ey 1180378 7303 Long Ter Provsion stot 82 2 Jeutront bites rade Payatns 2200786 ra248tt lotr Curent Libis 00810 504 shot Tem Provisions {0494 sot ToraL:>| or. 5A Jassers + JNon-curent Assets re asets 2,900.20 sogan4s Nor-Curent voximans 2718139 mr3ar8 Long Tom Loos and Advances 246347 176828 2 {current Assets lovonves 25.0542 2046132 ado Reciabies ‘aatoo7 ‘esto Cash and Cosh Equivalents 23504 7030 [Stan Tem Loans and Advances 5919.02 sacior ter Curent Ascot 5.53 smo. roraL:>| fo7gas.14 ipgariss 2. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held ‘on November 5, 2015 and reviewed by the Statutory Audiors, 3 The Board of Directors has declared an interim dividond of Re. 0.15 per equly share of Re. t/+ each, 4 (a) Exceptional tom consists of foreign exchange loss of Rs. 676,64 lacs for quarter ended September 30,2016 (quarter ended September 30, 2044: Loss of Rs. 173.03 lacs) and Rs, 711,73 Lacs forthe six months ended September 30, 2016 (six months ended September 20, 2014 : Loss of Rs,04 86 lacs) arse on foreign currency monetaty items in accordance wih ‘Rovounting Standard 11 - "The Effects of Changes in Foreign Exchenge Rates xcept for tems not accounted in Note 6. 4 (b) Exceptional tems fr the quarter ended Juno 30,2016 and sk months ended September 0, 2016 onsets of Rs, 88.11 lacs paid by the Company towards the ful and final setlement of emplayees des in respect of badd plant '5 As ragerds the statutory auditors comments in thei limited review fepor forthe quarter and six months ended September 20, 2015: the Company in view of volatility in the foreign exchange rate, in respect of foreign currency borrowings inctuding ‘acceptances and corresponding forward contacts, (loss’gain arising on foreign exchenge ate fluctuation on such satstanding balances, as a the end ofthe quarter has not been given effect inthe above results asthe Company will account farthe same at te end of the financial year, Such loss for the quarter ended September 30, 2015 is Rs. 166.64 lacs (quarter Trided September 30, 2014: lose of Rs, 412.83 lacs) and forthe sk months ended September 20, 2016 is Rs. 45867 lacs {sk months ended Seplember 30, 2014: loss of Rs. 648.19 las) and accordingly, profit before tax forthe quaterfsik months tonded September 30, 2015 and September 30, 2014 is being overstated by the same amount 6 The Company is primarily engaged in the business of Plastic products, which constitute a single reportable segment in wee Mane wiih Avcounling Standard 17 ~ “Segment Reporting” speciied under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014, 7 ‘The Company has ecquired 9,61, 164 equily shares of face vale of Rs. 10- each Le. balance 24% of equ share captal of Resinova Chemie Limited (Subsidiary of the Company) at consideration of Rs. 73 Crores from a minorty shareholder on November 2.2015, Consequent upon the said acquisition Resinova Chemie Limited has become wholly owned subsidiary of the Company. 18 The Company has made allotment of 13,85,204 equity shares having face value of Re. 1/- jay Parikh at a price of Rs, 425,93 per share on November 2, 2016. ‘9 The figures for previous year! period have been regrouped eclassiiad wherever necessary {0 correspond wih the curent A sone i IN fe} AN. Ve) Sera ‘ ey ‘ace : Ahmedabad WO /brteni Navembsr aR = mw lew Delhi - Phona : 011-2616 8156 E-mail; dethi@astralopvo.com Mumbal - Phone : 022-2686 2227 E-mail : numbal@astralcpvc.com Bengaluru - Tela: 060 26617296 &ma:blice@astaepecom Hyderabad Tela: 4027000023 Ena :hydrabodasalre cam Chenal- Phere :44-4350 6384 Era chenal@antlpscon Japur= Powe 0112960 238 Ema Jopu@astaeconLuelnow Phe 0522728 4 El: havonBaearecon ooh - Phone 00129621161 Ema :todi@estaopc.com ach on preferential basis to Mr. ‘By Order ofthe BoardDeloi » Haskins & Sells cer tan, Off Asha ood ‘Ahmedabad 0 014 Tek 491 0792 ‘91 (07992 £31079) 665079100, Fane 191 (07920502581 INDEPENDENT AUDITORS? REVIEW REPORT ‘TO THE BOARD OF DIRECTORS OF ASTRAL POLY TECHNIK LIMITED We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of ASTRAL POLY TECHNIK LIMITED (“the Company”) for the Quarter and Six Months ended September 30, 2015 (‘the Statement”), being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreements with the Stock Exchanges, exeept for the disclosures in Part Il ~ Select Information referred to in paragraph 5 below. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our respon: is to issue a report on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, 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 Statement is 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, Attention is invited to Note No 5 of the Statement which states that in view of volatility in the foreign exchange rates, the Company has not restated its foreign currency borrowings including acceptances and forward contracts, and consequently, not recognised (loss)igain that would have arisen from such restatement, which is not accordance with the Accounting Standard 11 - ‘The Effect of changes in Foreign Exchange Rates’, Such loss for the quarter and six months ended September 30, 2015 is Rs.166.84 lacs and Rs, 468.67 laes respectively (quarter and six months ended September 30, 2014 ~ Loss of Rs.412.83 lacs and Rs, 548.19 lacs respectively). Accordingly, the profit before tax for the quarter and six months ended September 30, 2015 is overstated by RS.166.84 lacs and Rs. 468.67 lacs respectively (quarter ended September 30, 2014 overstated by Rs412.83 lacs and Rs. 548.19 lacs respectively, Our review report for the quarter/six months ended September 30,2014 was also qualified in respect of this matter. Based on our review conducted as stated above, except for the effects of the matter described in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with the Accounting Standards. specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other ‘accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreements with the Stock Exchanges, including the manner in which itis to be disclosed, or that it contains any material misstatement Page 1 of 2Saliy sere same ao Tel 91 (079) 27582582 51 ors) 27582585, $51 (079 65073100, Fe ¥91 (079) 27582581 5. Further, we also report that we have traced the number of shares as well as the percentage of shareholding in respect of the aggregate amount of public shareholding and the number of shares as well as the percentage of shares pledged/encumbered and non-encumbered in respect of the aggregate amount ‘of promoters and promoter group shareholding in terms of Clause 35 of the Listing Agreements with the Stock Exchanges and the particulars relating to investor complaints disclosed in Part II - Select Information for the Quarter and Six Months ended September 30, 2015 of the Statement, from the details furnished by the Management, For DELOITTE HASKINS & SELLS Chartered Accountants (Einm’s Registration No. 117365W) Koslikega Rowal Kartikeya Raval Pariner AHMEDABAD, November 5, 2015 (Membership No. 106189) Page 2 of 2ASTRAL ‘ohere INNOVATION fora: ASTRAL POLY TECHNIK LIMITED. CIN : L25200GJ1996PLC029134 Registered & Corporate Ofie: 207/, Asal House, Bh Rapa Clb, Ol 6, Highway, Armed - 38005, Inia, Phono: +91 79 662% 2000 Fax : 491 79 66212121 Emall:inoeastalopiccom Website: wawastalepv.com PART-1 STATEMENT OF CORSOLINTED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SX MONTHS ENDED EPTEMER30, 2015 (s.intae) ‘amontnsondea] , Pressing] Cevsronding | sores ended | Gmontsendea] FOU YES" sre Portis ‘anmaapis | *Months ended saos20is | socszoe |, tmted 306.2015 31.05.2015 Teneates) | Unsustes] | (Unsudee) | (Urnutea) | (urauatea) | — (Andes) T [neon tom Operations ner sales (et of exeseuy) sree] agenss! —ztso9] —sossise| —sossszs] azar >-otrer operating income 225| | 2251 031 2343, 5373 rotatincome rm Operations (et) aussr.95|—sasos0| saen.70|engoeas| 9308.7 01a 2 eenes cost of watrtsconsued naesros] —maoissa]| 2252438] ssrse6| —ams0] 1002258 Jb Puchae of sting 907] sorae] —4ss2s|—29nes) —yrsose|.798as changes ininventres of irises goods, workin progress essuai] —a7e795)— (uasssa] —aen79) asso] cases ana tokinirase employer tenets expense asssou] ——_17sa20 sxsss] sss] soso] ag050 | oeredoton and aration expense 102855 ‘7aas| suse] 200738] yaar] 3.6195 Homer expenses seorn| seas] _s3scor|__soasvae| __s7a00| 1638876, rottexpeses ar7e533|sassoas| —vearesa|—ras4sas| sazezso] 129.7819 3 [rottirom operations before otherincome, tance costs ane] azo] 03075] soeoso | szeaas|__eazoer| 1532095! Jesceponat ters (02) 4 forher come aaa 137 10] once. 1080 s3732 5 [eotitbetoe nance cet and exceptionalitems (24) ‘aaaai| asia] 3paeza| 30200] ¢auan| 3.34609 6 fiance cons 27359 82 275.64 5.28 2305] _.4sn27 7 ott Setoreoxeptinaitems anda (66) 3e5a2| _a7eiso] armas] 71682] __se0rsa] 120475 5 foseptonanens eter ntea) teos.79] __ao04s)] __usasn] (aos. tes] 9s.a 9 fovrtbetoretan 78) ames] 3sni0s|——zaonss | __ean7s0] _ssziai| 10st 10 |raxererse a313s3| __121sae ae | __2srsav] _a3us6] 3.13439 11 _|wetProtetor te peosto.20) 491300] 2assai|——zisian | ——_azvan| —_aaoras| 717s 22 [ora ncrest 94a 788 783 36.36 435.00 22505, 432 |Netrroticateroxs and woo iterest (44-42) Tause] 222x728] _zisase] —aani7s| —ainas] —7.seoa0 aa Prac up qty stare cpa face value of Re. each) tamss| uaaaes| agar] sieges | sans] assis 15 Presewos excluding nevalaton eserves asn3s 26 fsaseandotutd earnings Pe stare (Rs Wot Amalie) 153] 1] as aa a] 55 [PART-TELECT NFORWATION FOR THEGUARTER AND Sk MONTHS ENDED ON SEPTEMBER 30, 2075, Panter of srarnatne 1 Prue shareholing Nuiner of sare angea| snes] —4nme4400| — ar,90210] 4056400 Percentage of hares 3930 9.64 ses sa. sey 204s 2 Trromotes and Promoter group shareholding |.) ledgedfenebore Number of shares : ; 4 Percentagn of Shares sa % ofthe total : : A Shoreheldingo romotr ond Prometar run) Percentage hres (9% ofthe tot Share Catal fhe Comnany) lb) non-encutred Number of stares ra065ac0| 7206500] 7ar,6e0] 71065200] 7ansgso] rar 5a9e Pescntageof Shares (sa ofthe otal sooo] 10000] 00.00%) 100.0%) scone] 00004 Shorcolingo fromoter and Promoter up) Percntsgao Shares [3% ofthe tot Share coon] coon sans se.00 an cosse| Ctl ofthe Compan) 7 [iveston concants Toni end sas.2015 Peneg tthe exon ofthe asrtar wi + Reeve daring the quater 5 posed of curing theater 5 ern uncertain of the quater i Kochi «Phone 0 61298 24161 Emel: cti@astalpve.comPhone : +9179 65212000 Fa AX ASTRAL here MMOUATION floras ASTRAL POLY TECHNIK LIMITED CIN : L252006J1996PLC029134 Registered & Corporate Ofies: 2071, Asal House, Bh, Rajpalh Clb, Of SG. Highway, Ahmadabad - $0 059, Inia, ‘OWSOLIDIED SEOMNTWNSE REVENUE, RESULT AND CAPITAL EMPLOYED FOR THE QUARTER AND SH MONTHSENDEO SEPTEMBER 30, 2015 (91796621 2121 E-mal:ifo@astlepu.com Website: wwwastalepo.oom (Re intacs) Sons ened] nner eSiey | saree@a8 Te onts ended] 6 Months ended] Fo™ the VERE sro Segment information soonanis | Marmserded | Mente erded |” soonanis | soosania |, ed sn0620i5 | _snon2014 31032015, (ravated]_|“Wraudied! | (Uravated) | TUrsvates] | Uravated) | — (dite 1 [spread Ravens a fae size7s6] —2aanre2] —asoras] —sseroae| —ssasamn| —1.20,24095 bs frdhesves sisa7s9| rosssss| _aossso| _rasisas| surat] _assan02 ‘otal a279515] ——aoanias | s3oua7 | aaaaeas | —eoresa5| —iasaspa7 tess: leer eementRevenve 3551 739.60 sosse| _asssti] ani] 332229) Netssles/inconefromOperavons| _aisi364| __aetnse| _aaaansa | 9soisz | soasaza| —iazaaran 2 [seament rests (ro (Les betore axa nterst) a. foustc 324! 20067] 2asass| soar] sss] t0a709 tb fashesies iasosa] 11862 src] _23me@| sone 2.97426] Youll 42ia28 | aiz30 | —_yazase | sais | smns| —aaeuss tess: |rinancs conte 7859 x00 set 1521 srs] 48027] ‘sates: omer unatcatte icome Neto Expenses) aa ne| 2420 2050| am 218] tess: [exceptions ene «a7 00s rors 00.24 sn 2572 ‘Srofe before | 322653] 3sen05| gens | saorse| sana ——tuasin 29 epitatempoyed (semen Assets-Sepment abies) paste 589025] seaasso| —aseapay| —sse0025] —agesne7|—szanaa7 facesives 3336706] anaenea| —seras0] —aaer05| eras] aa,czaar| ratocates (2326238 (asaso2n]__(asisaa| (2328290), _(anoisaa] _(2aen950) “oral 587434] castes] 3530825] saraaa| ssn | — enaraan “an Busnes Segront are Paste ad Adhesves: Te ses and bles Ue cannot be acated Dowson Te sqreria ae Shows ar naTaGted moreso Se [BRANCHES : Now Doth - Phono: O11-2616 8156 Email: élhi@uasralepcom Mumbo - Phone: 22-2686 2227 E:mll: mumnbei@astralpvccom Bengeluru- ‘Teotax 080-261 7238 Ena: bttce@astralepve.com Hyderabad. Tella: 00-2780 G02 E-mal:tyderabad@asraepe.com Chena - Phono 04449506994 al chenal@astalepvecom Jalpur - Phone: O:-2360 236 Eal :ppur@astalepre com Lucknow - Phot Koch - Phono 0 8129824161 Eal: octi@astalprc.con 5202720 644 Eel: uslnon@astaepveconAS ASTRAL ‘whore INNOVATION flows ASTRAL POLY TECHNIK LIMITED. CIN : L252006J1996PLC029134 Registered & Corporate Office: 207/, Asal Houso, 8h. Rajpat Clb, OF. 8G. Highway, Ahmedabad - 89005, Inia, Phono: +91 796621 2000 Fax : 491 79 66252121 Emall:ido@astalepr.com Websie: wiwastlepve.com Notes: 1 Statement of Assets and Liabilities (stn baes) a Brat ene 30.09.2015 31.03.2015, (Wnaudited) (audited) [EQUITY AND UABITIES 4,183.65 1183.65, 64,690.69 60.690.49 1,889.39 1653.03 INon-Current Liabiiies Long Term Borrowings 10,954.94 1242767 Jbeterred Tax Liabilities (net) 1986.75 1,765.31 other Long Term Liabilities 46.42 3348 Long Term Provisions 13136, 108.75, current tibitties [short Term Borrowings 117034 17023 [Trade payabios 25,853.74, 2657019 other Current tabiities 1528.63, 9,957.82 1602.63 791.16 416,530.82 40,092.67 36,927.52 2143947 2143937 1,792.84 1395.75 32,515.66, 26,555.06 18,260.86, 2327239 cash and Cash Equivalents 538.39 415216 [short term Loans and Advances 631159 5,659.36 other Current assets 87.05 169.23, TOTAL: [121,038.50 316,530.82 ‘The above resuts have been reviewed by the Audit Committee, and approved by the Board of Directors in their meeting held on November 5,2015 and reviewed by the Statutory Auditors. 3 The Board of Directors has declared an interim dividend of Re, 0.15 per equity share of Re, 4/- each, ‘le) Exceptional tems consists of forelgn exchange loss of Rs. 608.79 lacs for quarter ended September 30, 2015, {quarter ended September 30, 2014: Loss of R.164.61 lacs) and Ré.726.13 Lacs for the si months ended September 30,2015 {si months ended September 30, 2044:Loss of Rs.65.71 las) arise on foreign currency "monetary items in accordance with Accounting Standard 11 ~The Effects of Changes in Foreign Exchange Rates’ except for items not accounted in Note 5, Exceptional items for the quarter ended June 30, 2015 and six months ended September 30, 2015 consists of fis 83.11 lacs pad by the Company towards the fll an final settlement of employees dues in respect of baddi plant. 5 As regards the statutory auditors comments in thelr limited review report for the quarter and six months tended September 30, 2015, the Company in view of volatility inthe foreign exchange rate, in espect of foreign currency borrowings including acceptances and corresponcing forward contracts, (loss)/gain arising 6 foreign exchange rate fluctuation on such outstanding balances, as at the end of the quarter has not been given effect in the above results as the Company will account for the same at the end of the financial ear. Such loss for the quarter ended September 30, 2015 i Rs. 165.75 Lacs (quarter ended September 30, oss of s.412.83 lacs) and for the sie months ended September 30, 2015 sR. 467.58 lacs (sk months jd September 30, 2014: loss of Rs.588.19 lacs) and accordingly, profit before tax forthe quarter/sie ths ended September 30, 2015 and September 30, 2014 is being overstated by the same amount. ate) eh - Phono : 01-2616 8156 Ema: dehi@astacpe.com Mumbel - Phono: 022-2606 2227 E-nal : mumbalasraepve.com Benglund = Tolfax: 080-2551 7296 E-mail: bllice@astialepv.com Hyderabad Tellax: 040-2780 0029 E-mal:hyserdvad@astlepe.com Choanel-Phone :044-950 6208 Erma : cemai@astalopeoom deur «Phone : 0141-2960 298 Ema: japur@astalg.com Lucknow - Phen : 05222728844 E-nal lcknom@stapuccom Kochi - Phone 0 81298 24161 Ema ochi@esalepre.conAS ASTRAL ‘here INNOUATION ows ASTRAL POLY TECHNIK LIMITED CIN ; L26200GJ1996PLC029134 House, Bi. Rejath Club, OF. $., Hihaay, Ahmedabad - 80059, nda, 491 796621 2121 Ermall:inlo@astaleprcom Website: wwwastalcpe.com Registered & Corporate fice: 2071, As Phone: +81 796521 2000 Fa © During the previous year, the Company has acquired two subsidiaries namely, Seal It Services Limited and Resinova Chemie Limited on August 25, 2014 and November 21, 2014 respectively. Accordingly, figures for the quarter and six months ended September 30, 2015 are not comparable withthe corresponding quarter {and sic months of the previous year. 7. The Company has acquired 8,61,164 equity shares of face value of Re. 10/- each Le. balance 24% of equity share capital of Resinova Chemie Limited (Subsilary ofthe Company) at consideration of Rs. 73 Crores from ' minority shareholder on November 2, 2015. Consequent upon the said acquisition Resinova Chemle LUmited has become wholly owned subsidiary of the Compary, 8 The Company has made allotment of 13,85,204 equity shares having face velue of Re. 1/- each on Preferential basis to Mr. jay Parikh ata price of Rs, 425,03 per share on November 2, 2015. ‘The Statutory auditors of the Company have conducted a limited review of the consolidated financial results ‘of the Group for the quarter and six months ended September 30, 2015. For current financial year the Company has opted to submit consolidated financial results for each quarter. Accordingly, the corresponding figures for quarter and six months ended September 30, 2014 are presented based on ‘accounts prepared by the management and the same has not been reviewed by the statutory auditors, 10 The figures for previous year / period have been regrouped / reclassified wherever necessary to correspond with the current period's classification / elsclosure. fo ‘Manabing Director ‘BRANCHES ; Now Dati - Phone: 011-2616 8186 nal: ai@astlepccom Mumbal- Phone : 02.2606 227 Email; mnbai@astepr om Benga - Tella 0802661 7236 Email: bllice@asrlepe.com Hyderabad - Telefax 040-2790 0028 E-ral:yGeraad@asalpe.com Chea -Phono 44.4260 6364 Emal :chrnai@astacprccom Jip - Phone: 061-2360 236 Esal:jpurBastalevecom Lucknow Fron : 05222728 B44 Ena : coum slog crn Kochi - Prone 081288 24161 Ema; kocti@astalepvecam- Deloitte Gea * Haskins & Sells Amedbad 380 014 Tek 491 079 27502542 ‘on foro)2rseases 451,079 6507210 ax 4914079) 27560581 INDEPENDENT AUDITORS? REVIEW REPORT TO THE BOARD OF DIRECTORS OF ASTRAL POLY TECHNIK LIMITED |. We have reviewed the accompanying Siatement of Consolidated Unaudited Financial Results of ASTRAL POLY AXCUNIK LIMITED ("the Company”, its subsidiaries and a jointly conten entity (the Company, its subsidiaries and a jointly controlled entity constitute “the Group”) for the Quarter and Sin Months ende Pialement’), being submitted by the Company pursuant to Clause 4 of the Listing Agreements wi Exchanges, except forthe disclosures in Par I- Select Information refered te iy paragraph 9 below. This is the responsibility of the Company's Management and has: beep approved by the Board of Directors. Our responsibility isto issue a report on the Statement based on our review, material misstatement. A review is limited primarily to rovides less assurance 3. The Statement includes the results of the following entities: Name of the Ehtity Relationship I | Astral Poly Technik Limited Parent Astral Biochem Private Limited x Wholly Owned Subsidiary Advanced Adhesives Limited Subsidiary Seal IT Services Limited Subsidiary Resinova Chemie Limited Subsidiary t ‘Astral Pipes Li Jointly Controlled Entit Calder Distribution Limited Step down Subsidiary of Seal IT Services Limited Indogreen Plastic Technologies Subsidiary 4 We did not review the interim financial results of 3 subsidiaries included in the consolidated financial results, whose interim financial results reflect total assets of Rs. 12,268.07 lacs as at September 30, 2015, total revenues of Rs, 3,677.62 Ines and Rs. 7,080.44 laes for the Quarter and Six Months ended September 30, 2015 and total loss after tax of Rs, 378.83 lacs and Rs, 729.57 lacs for the Quarter and Six Months entod September 30, 2015 respectively, as considered in the consolidated financial results. These interim financial results hage been reviewed by other auditors ‘whose reports have been furnished to us by the Management and our Feport on the Statement, in so far as it relates to the amounts and disclosures included ii i auditors, {n case of a jointly controlled entity, the financial statements as at September 30, 2015 are not available. These interim financial statements reflect total assets of Rs, 1,299.To sea eer io 5. The consolidated financial results includes the interim financial results of a subsidiary which have not been reviewed by their auditors, whose interim financial results reflect total assets of RS. 148.53 lacs as at September 30, 2015, total revenue of Rs, Nil and Rs. Nil for the Quarter and Six Months ended September 30, 2015 respectively and total loss after tax of Rs.14.39 lacs and RS. 30,19 laes for Quarter and Six Months ended September 30, 2015 respectively, as considered in the consolidated financial results. In our opinion and according to the information and explanations given to us by the Management, these financial statements are not material to the Group. 6. Attention is invited to Note 5 of the Statement which states that in view of volatility in the foreign exchange rates, the Group has not restated its foreign currency borrowings including acceptances and forward contracts, “and consequently, not recognised (loss)/gain that would have arisen from such restatement, which is not accordance with the Accounting Standard 11 - "The Effect of changes in Foreign Exchange Rates’, Such loss for the quarter and six months ended September 30, 2015 is Rs.165.75 lacs and Rs. 467.58 lacs respectively (quarter and six months ended September 30, 2014 - Loss of Rs.412.83 lacs and Rs. 548.19 lacs respectively). Accordingly, the profit before tax for the quarter and six months ended September 30, 2015 is overstated by Rs.165.75 lacs and Rs. 467.58 lacs respectively (quarter and six months ended September 30, 2014 overstated by Rs.412,83 lacs and Rs. $48.19 laes respectively). 7. Based on our review conducted as stated above and based on the consideration of the reports of the other auditors referred to in paragraph 4 above and except for the effects of the matter described in paragraph 6 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreements with the Stock Exchanges, including the manner in which itis to be disclosed, or that it contains any material misstatement, 8. We draw attention to note 9 of the Statement. Since the Company has opted to publish consolidated unaudited financial results for the first time from current year, corresponding figures for the quarter and six months ended September 30, 2014 are presented based on accounts prepared by the management and the same has not been reviewed by us. Our review report is not modified in respect of this matter. 9, Further, we also report that we have traced the number of shares as well as the percentage of shareholding in respect of the aggregate amount of public shareholding and the number of shares as well as the percentage of shares pledged/encumbered and non-encumbered in respect of the aggregate amount of promoters and promoter group shareholding in terms of Clause 35 of the Listing Agreements with the Stock Exchanges and the particulars relating to investor complaints disclosed in Part II - Select Information for the Quarter and Six Months ended September 30, 2015 of the Statement, from the details furnished by the Management. For DELOITTE HASKINS & SELLS Chartered Accountants (Pirm’s Registration No, 117365W) Keabiega. Reowal Kartikeya Raval Partner (Membership No. 106189) AHMEDABAD, November 5, 2015