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Towers,
Dalal Street,
Mumbai - 400001.
Maharashtra, India.
subject: Outcome of Board Meeting dated May 24, 2016
Reference: Scrip Code: 535556
Meeting Commencement Time: 2:00 Pm
Meeting Conclusion Time: 5:10 Pm
Dear Sir,
We would like to inform you that the Board meeting of our Company was held today, the 24h of
May, 2015 as per the intimation earlier sent to the Exchange vide our letter dated 14th May, 2016
submitted through Exchange portal.
please note that during the said Board meeting, the Board has inter-alia considered, approved and
taken on record the Audited Financial Results of the Company for the quarter and financial year
ended March 3L,2OL6 and has also recommended a final dividend of Rs. 0.75 (Seventy Five Paisa
only) (i.e. 7.5%) per equity share of Rs. 1Ol- (Rupees Ten Only) each for the financial year ended on
the said date. The declaration
Auditors' report issued by the Statutory Auditors of the Company and copy of Form A as per the
provisions
of
Regulation 33
of the
and Disclosure
Requirements)
Regulations, 2015, for the quarter and financial year ended March 31, 2016.
contd....2
KIFS
Regd. & Corporate
rel
lO79) 264os492
594, 30000321 -
26 .
Fax: lO79J
26403717
www.kifsfinane.com
CIN : 167990GJ1995P1c025234
!{FS
-2-
Further, we also inform you that subsequent to the resignation of Ms. Krupa N. Joshi from the posr
Durgesh D. Soni, a member of the Institute of Company Secretaries of India (lCSl) vide Membership
No. A38570, as a Whole Time Company Secretary and Compliance Officer
ofthe Company.
Thanking You,
Yours Faithfully,
For KIFS Financial Services Limited,
Qww\
Devang M. Shah
(Director)
(DlN:01788750)
Encl.: As above
KIFS
Regd. & Corporate
rel:
C.G.Road. Ellisbridte,
-26 .
Ahmedabad - 380005.
Faxt (079)
25403717
ctN : 167990GJ1995p1C025234
Date: May
24 2016
FORM_A
(For Audit Report on Standalone Financial Statements with Unmodified Opinionl
lPursuant to Reguhtion 33 of SEBI (tisting Obligation and Disclosure Requirements) ReSulations, 20151
1.
2.
3.
4.
March 31,2016
Un-Modified
Not Applicable
Ljmited
f-/4
dhavik Shah
(Chief Financial Officer)
Limited
Umitcd
,--.. ,*ltt
qv
Ralesh P. Khandnrala
(Managing Director)
DeVang M. Shah
United
t8{
ShalleHfC. Parlkh
(Proprietor)
(Statutory Auditors)
'JFS
l(lFs
oftl..r
CIN: 1r6799(41995P1C025234,
5TATEMENT OF AUDITED FINANCIAL RESULTS FOR THE qUARTER AND YEAR ENDED MARCH 31, 2015
in lacs
181,36
184.99
112.89
7t4.4'
380.78
181.35
184.99
ru.89
71].!7
380.78
t0.97
8.9s
T'
5.30
0.09
:!4.66
4.15
1.16
22.lL
0.05
llxpensel
EmFloyee benefitr exFense
l(a)
l{b) Depreciation and amortisation expense
(cl Legal& professional fees
(d) Annual subscription
1.03
off
37-72
Total expenrs
Profit (Lossl from ope,ations bfore other incomg finance costs and
exce9tional items (1-21
Other income
Profit / (Lo3sl from ordlnary .ctivities befole flnance co5ts and exceptlonal
items 13+41
8
9
10
Profit
expense
but before
tt
t2
13
14
l5
16
expense)
(11-121
(9-10)
share)
1.12
t.70
!.70
i.t,
8.38
104.51
37.72
5.53
6.72
95.12
619.35
37.03
343.75
0.13
0.01
1z;.98
t71.0'l
104.51
619.'18
75.19
95.88
31.93
r94r0
12598
r2s.98
95.84
0.09
12538
gs.e8
125.98
1,081.80
95.88
1,081.80
|
|
2.2s
55.38
125.98
t.47
t.lo
1.40
2.58
14.01
170.98
i.ro
o.22
r.03
Finance costs
share
,i.r,
s.78
424-78
280.40
42/|'-18
280.40
14L70
92.t2
242.8
188.28
,i.r,
22L64
1,081.80
1,081.80
188.28
1,081.80
L,237.t6
I,O52.34
2.51
1.74
2-6r
174
:;"1
1.15
1.16
KIFS
Regd, &
0.69
o.aq
corporate Office : B/81, Pariseema Complex, C.G.Road, Ellisbridge, Ahmedabad " 380006.
rel I lO79\26405492I
o.67
0.57
s94,30000321 -25 .
Fax:1079126403717
www.kifsfina nce,com
'
Email : cs@kifs.co.in
/ kifs.roc@gmail.com
i{Fs
STATEMENT OF ASSETS AND I.IAEII.ITIES
.inla
'
::i]4rt:!&:,1
a"i-;;ri
A
AND LIABIIITIES
fund5
Share cepital
5t3_
Sh.rehotders. funds
',osr.qt
r,It .36
1,081.80
1,052.34
43t9,16
2,1:9.r4
6,t28.88
2,386.61
Non-.u.rent liabllltles
(a) Long-term borrowings
Sub-total -
[orlcur]ent ltabllhies
Current llabilitles
(a)
Short-term borowings
3t.35
2!.7A
294.46
211.93
,,060.6t
2,620.t2
9 379.E4
4.754.15
41.6
o.44
0.04
1.16
1-70
0.o2
1.16
3.40
50.37
5.03
ASSETS
Iton-cuaaent asset5
(al Fixed assets
(b) Non-current investments
Sub.total
2
Non-current assets
:urent assets
a) Curreht investments
b) lnventories
c) Trade receivables
29&tO
:sg.oz
9,Oto.7'
4,386.41
4329.47
4,749.42
4,754,45
9,379.84
Notesi
ii engaged in the single segment offinance, hence decl3ration of segment wise results is not applicable to it.
The above financial results have been reviewed by the Audit committee and approved and ta&en on
reco.d by the Board of Directo6 In their meeting
held on M.v 24, 2016.
3 The Eoard ot oirectors of the com pany has recommended a final dividend of Rs. 0.75 per share (i.e. 7.5%l of Rs. 1o/each for the financia l vea r 2015- 16.
Thedeclaration ofdividend is subject to the approvar of sharehorders in theirensuing AnnuarGenerar Meeting.
4 The tigures of the last quarter are the balancing figures between audited figures in respect of the full fihancial year
ended on March 31, 2016 and the
published yeartodate figures upto the third quarterofthe current
1. The Company
financialvear.
re-arranged
disclosure,
6. The provigion for taxation has been made at the end of the
financialvea..
7. The Companydoes
not have any exceptional or er:tra-ordinary item 6 report forthe above oeriods.
8. The above financial results have been audited by the Statutory Auditors ot the ComDdnv.
On behalfof Boa.d of Directorr.
For NIFS Flnancial Sewlces Limlted
Ralesh P.
KIFS
Regd. &
Xhandwal.
(Mana8in8 Director)
(DlN:00477673)
-26 .
Fax:
(019126403717
www.kifsfinance.com
'
Email : cs@kifs.co.in
/ kifs,roc@gmail.com
OO,"
To,
We have audited the Quarterly Financial Results of the KIFS Financial Services Limited for the
quarter ended March 31, 2016 and the year to date results for the period April 1, 2015 to
March 31,2016, attached herewith, being submitted by the Company pursuant to the
requirement of Regulation 33 of the SEBI (Listing ObliSations and Disclosure Requirements)
Regulations, 2015. These Quarterly Financial Results as well as the year to date Financial
Results have been prepared on the basis of the Interim Financial Statements, which are the
responsibility of the Company's Management. Our responsibility is to express an opinion on
these Financial Results based on our audit of such Interim Financial Statements, which have
been prepared in accordance with the recognition and measurement principles laid down in
Accounting Standard for Interim Financial Reporting (AS 25 lnd AS 34), prescribed, under
Section 133 of the Companies Act, 2013 read with relevant Rules issued there under; or by the
Institute of Chartered Accountants of India, as applicable and other accounting principles
generally accepted in lndia.
We conducted our audit in accordance with the auditing standards generally accepted in India.
Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the Financial Results are free of material misstatement(s). An audit includes
examining, on a test basis, evidence supporting the amounts disclosed as Financial Results. An
audit also includes assessing the accounting principles used and significant estimates made by
Management, We believe that our audit provides a reasonable basis for our opinion.
In our opinion and to the best of our information and according to the explanations given
these Quarterly Financial Results as well as the year to date results:
to
us
(i)
are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
(ii)
give a true and fair view of the net profit and other financial information for the quarter
ended March 31, 2016 as well as the year to date results for the period from April 1, 2015
to March 3L,20L6.
For M/s Shailesh Parikh & Co.,
chartered Accountants
0..
!
\tu tn
VEilesh c. Parikh
(Proprietor)