12th August, 2016

To,
General Manager,
Department of Corporate Services,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai 400 001.
Scrip Code: 532320
Sub: Unaudited Financial Results for Quarter ended 30TH June, 2016
Dear Sir,
With reference to Regulation 33 of the Listing Agreement, the meeting of Board of
Directors of the Company was held at the registered office of the Company on 12th
August, 2016.
The Board considered and approved1. Unaudited Financial Results of the Company for Quarter ended 30th June, 2016
Please find enclosed herewith Unaudited Financial results of the Company along with the
Limited Review Report.
Kindly acknowledge.
Thanking you,

VAARAD VENTURES LIMITED

Regd. Office: 6A Lalwani Industrial Estate, 14 G. D. Ambekar Road, Wadala, Mumbai - 400031, Maharashtra (INDIA).
Tel No 022-24117080 Fax No: 022-24151171, Email:cs.dept@vaaradventures.com
Url: www.vaarad.comCIN No.: L65990MH1993PLC074306

Vaarad Ventures Limited

Regd Office:- 6A Lalwani Industrial Estate,14 G. D. Ambekar Road, Mumbai 400 031. Tel No:022-24117080 Fax No:022-24117085
CIN NO.: L65990MH1993PLC074306 Email-cs.dept@vaaradventures.com Website : www.varaad.com
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2016
Quarter Ended
Particulars

Sr.No

PART I
1 Income from Operations
(a)Net Sales/Income from Operations
(b) other operating income
Total Income
2 Expenditure
a. Cost of Materials Consumed
b. Purchases of Stock in Trade
c. Changes in Inventories of Finished Goods, work in progress and stock in trade
d. Employee benefits expense
e. Depreciation & Amortisation Expense
f. Other Expense
Total Expenses
3 Profit from Operations before Other Income, Finance cost and Exceptional Items (1-2)
Other Income
Profit from ordinary activities before Finance cost and Exceptional Items(3+4)
Finance Cost
Profit from ordinary activities after Finance costs but before Exceptional Items(5-6)
Exceptional items
Profit (+)/ Loss (-) from Ordinary Activities before tax (7-8)
Tax Expense
Net Profit (+)/ Loss (-) from Ordinary Activities After Tax(9-10)
Extraordinary Item
Net Profit(+)/ Loss(-) for the period (11-12)
Share of Profit / (loss) of associates *
Minority Interest*
Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates
16 (13+ 14+ 15) *

4
5
6
7
8
9
10
11
12
13
14
15

17

Paid -up equity share capital

Face Value of the Share

18
19 (i)

19 (ii)

Year Ended

30.06.2015

Unaudited

31.03.2016

31.03.2015

Unaudited

0.65
1.05
3.45
5.15
(5.15)

11.57
4.20
18.99
34.76
(34.76)

1.24
4.19
13.93
19.36
(19.36)

(5.20)
(0.18)
(5.02)
(5.02)

0.20
(4.95)
0.02
(4.97)
(4.97)
0.38
(5.35)
(5.35)

0.21
(34.55)
0.02
(34.57)
(34.57)
(0.10)
(34.47)
(34.47)

0.53
(18.83)
0.78
(19.61)
(19.61)
0.22
(19.83)
(19.83)

(5.02)

(5.35)

(34.47)

(19.83)

0.66
1.05
3.49
5.20
(5.20)

(5.20)

(5.20)

2,499.03

2,499.03

2,499.03

1.00

1.00

1.00

1.00

438.46

472.93

Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year

2,499.03

Earnings Per Share (EPS) Before extraordinary Items(not annualised)

i. Basic

(0.002)

(0.002)

(0.014)

(0.008)

ii. Diluted

(0.002)

(0.002)

(0.014)

(0.008)

(0.002)
(0.002)

(0.002)
(0.002)

(0.014)
(0.014)

(0.008)
(0.008)

Earnings Per Share (EPS) after extraordinary Items(not annualised)

i. Basic
ii. Diluted

Notes:

30.06.2016

1) The Company's activity falls within a single business segment i.e investment. Hence segmentwise reporting in terms of Accounting Standard 17 Segment Reporting is not applicable.
2) The results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 12th August, 2016. The statutory auditors have conducted a Limited Review of
the above and the Company is compliant with Ind-AS as required by the SEBI notificaton. Previous years figures regrouped where necessary.
For the board of Directors

Mr. Vickram Dosshi - MD

KMTAPURIRH&co.
Ch a r,tered

Accou nta nts

Independent Auditors'Review Report on Review of Interim Financial

Results
To,
The Board of Directors,

Vaarad Ventures Limited

'1'

we have reviewed_the accompanying statement of unaudited standalone financial

results of
Vaarad Ventures Limited ('the Company') for the quarter ended gO*-j"r.
2016, beng
submitted by the
pursuant to the iequirement of Regulation 33 of ;h; sEBI (Listing
_cgmpany
obligations
t9-D_ildgture Requirements), degulations, 20i;,-;-;"Jii"j'iv circutar No.
CIR/CFD/FAC/6212076 dated 5th J:u\y,2016. This statement which
is the responsibility of the

Company's Management and has been approved by the Board

of Directors, has'been prepared in
accordance with the recognition and measuremeniprinciples
laid down in Accounting Standard
for Interim Financial Reporting (AS 25), prescribed under section
133 of the companies Act,
2013 read with relevant rules issued thireunder and other accounting
prin"ipr",

g.r.ffi

accepted in India. Our responsibility is to issue a report

on these financial results based on our

revlew.

we conducted review of the statement in according with the Standard

of Review Engagement
(SRE) 2410, Review of Interim Financial Infor*olion
Performed by Independent Auditor of
the Entity issued by The Institute of Chartered Accountanis
of India. This standara ,e[uires

that we plan and perform the review to obtained moderate

assurance as to whether the
statement is free from material misstatement. A review
is limited primarily to inquiries of
company personnel uld g analytical procedures applied
to financial dataihus prfria" t"r,
assurance than as audit. We have not performed an audit
and accordingly, we do not express
an audit opinion.
J.

Based onlour review Conducted as above, nothing

has come to our attention that causes us to

believe tliat the accompanying statemenipr"p*"J in

according with the aforesaid Accounting

Standards and other accounting principles generally

accepted ir"t oiu, has not disclosed the
information required to be disclosea in terris of Regulation
oiirre SEBI (Listing obligations
and Disclosure Requirements) Regulations
,2015 ilcrudingth"**", i, *t i"r, iti, t"^1",
disclosed, or that it contain any material misstatement.

::

For K. M. Tapuriah & Co

Chartered Accountants
Firm Registration number: 3140438

)J*"*1il5e
CA Naveen Mohta
Partner

Membership Number: 04g1 1 I

Place:

Mumbai

.Date: 12.08.2016

E/l9 Venus Apartme"*