Date: September 9, 2016

To,
National Stock Exchange of India Limited,
Listing Department,
Exchange Plaza,
Bandra (E), Mumbai 400 051
Ref Symbol: VASCONEQ

To,
BSE Limited,
The Department of Corporate Services
Department of Corporate Services
Mumbai 400 001
Ref: Scrip Code: 533156

Subject: Financial Results for the quarter ended June 30, 2016
Dear Sir/ Madam,

The Board of Directors of Vascon Engineers Limited, in their meeting held on September 9,
2016 have discussed and approved Financial Results for the quarter and year ended June
30, 2016.
Please find enclosed the financial results of the Company.
Request you to take the same on record.
Thanking you,

Yours faithfully,
For Vascon Engineers Limited,
MUTHUSWAMY
KRISHNAMURTHI

Digitally signed by MUTHUSWAMY KRISHNAMURTHI

DN: c=IN, o=Personal , CID - 4422262,
2.5.4.20=3d73fbc0362b7e511daa9f8f0bf706ea3067c89f0ff76
daf98f82452debc1648, postalCode=411014, st=Maharashtra,
serialNumber=6d8963e34b786f3f6f548ff260c8665f0dc59c80
d802c84993387b2efcc85aed, cn=MUTHUSWAMY
KRISHNAMURTHI
Date: 2016.09.09 15:01:40 +05'30'

M. Krishnamurthi
Company Secretary & Compliance Officer

Enclosures: As above

Date: September 9, 2016

To,
National Stock Exchange of India Limited,
Listing Department,
Exchange Plaza,
Bandra (E), Mumbai 400 051
Ref Symbol: VASCONEQ

To,
BSE Limited,
The Department of Corporate Services
Department of Corporate Services
Mumbai 400 001
Ref: Scrip Code: 533156

Subject: Financial Results for the quarter and year ended March 31, 2016
Dear Sir/ Madam,

The Board of Directors of Vascon Engineers Limited, in their meeting commenced at 11.00
a .m and concluded at 2.45 p.m on September 9, 2016 have discussed and approved the
following:
1. Approved and taken on record Unaudited Standalone Financial Results (reviewed) of
the Company for the quarter ended June 30, 2016, as per the format prescribed under
Regulation 33 SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (LODR) along with limited review report from Auditors. (As enclosed).
This is for your information and records.
Thanking you,

Yours faithfully,
For Vascon Engineers Limited,
MUTHUSWAMY
KRISHNAMURTHI

Digitally signed by MUTHUSWAMY KRISHNAMURTHI

DN: c=IN, o=Personal , CID - 4422262,
2.5.4.20=3d73fbc0362b7e511daa9f8f0bf706ea3067c89f0ff76d
af98f82452debc1648, postalCode=411014, st=Maharashtra,
serialNumber=6d8963e34b786f3f6f548ff260c8665f0dc59c80d
802c84993387b2efcc85aed, cn=MUTHUSWAMY
KRISHNAMURTHI
Date: 2016.09.09 15:01:24 +05'30'

M. Krishnamurthi
Company Secretary & Compliance Officer

Enclosures: As above

Vascon Engineers Limited

CIN: 170100MH1986P1C038511
Registered Office: 15/16, Hazari Baug, LBS marg , vikhroli (west), Mumbai - 400083
STATEMENT OF UNAUDITED STANDAI.ONE FINANCIAL RESULTS FOR THE QUATER ENOED 30 TH JUNE , 2015

(Rs.ln takhs)
STANDATONE

Quarter Ended
Sr. No

PARTICUTARS

lune 30,2015

June 30,2016

{Refer Note 7)
(Unaudited)

(Unaudired)
1

lncome from operations

a) Net Sale5/ lncomefrom operations
b) Other Operating lncome

Total lncome from operations (net)

4,872
755
s,627

8,964
9,447

4,711

6,351

483

2 Expenses

alConstruction Expenses

Cost of materials consumed

b) Purchase of stock- in- trade

c) Changes of inventories of finlshed goods, work in progress and stock ln trade

d) Employees benefits expenses

e) Depreciation and amortisation expenses
f) other expenses
TotalExpenses
Profit from Operations before Other lnaome, finance costs and Etaeptional ltems l1-

is0s)

119

848

985

184

199

485

960

5,t26

9,2L4
233

501

2l
4 Other lncorne
5

Profit trom ordinary activities before Finance costs and Exceptional ltems {3+4)

6 Finance costs
7 Profit from ordinary activities alter Finance costs but before [xceptional ltems (5-5)

429

970

930

1,203

113

1,O19

157

\24

r57

124

L57

424

8 Exceptionalitems
9 Prolit from Ordinary Activities before tax (7+8)
10 Tax Expenses
11 Net Protit

from Ordinary Activities afte. tax (9-10)

24

18

181

L42

16,134

9,048

0.11

0.14

0.11

o-14

12 Other Comprehensive lncome (OCl)

1l

Total comprehensive income {11+12)

14 Paid up Equity Share Capital (Face Value
15 tarnings Per Share (EPS)
a) Basic EPS (in Rs.) {Not Annualised)

Rs.

10/- per share)

b) Diluted EPS(in Rs.) (Not Annualised)

Segment wise Revenue, Results, Assets and Liabilities fot the quarter ended 30th lune, 2016

Quarter Ended
Partiaulars

June 30,2015

June 30,2015

lJnaudited

{Unaudited)
1. Segment Revenue
EPC (Engineering,

+,eor

Procurement and Constr!ction)

7,627

1,820

955

Real Estate Development

Total
Quarter Ended
.rune 30,2016

Particulars

June 30,2015

Unaudited
ment Results
EPC {Engineering, Procurement and Construction)
Real Estate Development
Subtotal
less: lnterest
Other Unallocable ex enditure net off Unallocable income
Total Profit / (l-oss before Tax

(unaudited)

2.

327
1,530

1,538

@t

l'773],
151

IN

491

1,O41

1,857
{1,079)

124

Quarter Ended

Particulars
3

June 30,2016

ment Assets and tiabilities

June 30,2015

(Unaudited)

(Unaudited)

23,4a1

23,7AO

49,102
40,910
113,499

37,262

Se ments Assets
EPC 1E

ineering, Procurement and Constru ction)

nt

Real Estate Devel

Linallocable
Total

ts Liabilities
EPC Ingineerin
Procurement and Construction )
Real Estate Develo pment
Unallocable
Total

50,3L7
111,359

13,185

\4,256

14,083

L6,691

86,231

80,405

111,499

111,359

The above financial results have been reviewed by the Audit

committee and approved by the Board of Directors of the company at
its
meeting held on 8th September, 2016 and 9th September, 2016
respectively.
2.The financial results of the Company have been prepared
in accordance with lndian Accounting Standards (tnd AS) notified under
th
Companies (lndian Accounting Standard) Rules, 2015 as
amended by the Companies (lndian Accounting Standards)
Rules
201G
{Amendment)
The Company adopted lnd AS from 1st Aprjl 2016, and accordingly,
these fjnancial statements (including for all the periods presented jn
accordance with lnd AS 101 - Fjrst time Adoption of lndian AccountinB
Standards) have been prepared in accordance with the recognition
and
measurement principles in lnd AS 34,lnterim Financial Reporti
ng, prescribed !nder Section 133 of the Companies Act, 2013 read
with
the
relevant rules issued thereunder and the other accounting prini ples generally
accepted in lndia

3'The format for unaudited quarterly results as prescribed in

sEEl's circutar clR/c FD/cMo/7s/2c,15 dated 3oth November
2015 has been
modified to comply with requirements of sEBl's circular dated 5th
July 201G, tnd As and schedule lll to the companies Act, 2013.
For the purpose of Standalone Resuks, the Company has identified
ln ljne with lnd
reporting business segments as follows:

AS

108 "Operating Segments,,, into two prima

a) Engineering, Procurement and Construction

{EpC)
b) Real Estate Development
5. The reconciliation of net profit recorded in accordance with previous
lndian GAAP to total comprehensive income in accordance with lnd

AS is given below

Rs

Particulars
Net rolit as per
Recl as si fi cati

in lakhs

For the quarter ended

June 30,2015

us lndian GAAP
a ct ua

ga

5S

33

a ti

respe ct

5C hemes to oth
c p reh n ve
OC
Non amortisation of investrnent in artnership firm
Net impact of measuring financial assets and financial llabilities at amortized
cost

efit

(18)
74
44

lmpact of recognising the cost ofthe employee stock option scheme at

fair value
(e)

Net ProIit as per lnd AS

Other Com rehensive lncome

TotalCom rehensive lncome as

L24
18

lnd AS

142

6.Pul'uant to the approval of the Right rssue committee of the Board

of Directors dated 1st Alugust,2015, the Company approved the
allotment of 6,66,66,66G equity shares of face value of Re.10 each
at a price of Rs. 15 per equity share {including share premium of Rs. s
eq uity share) for an amount not exceeding Rs 1OOOO lakhs to the
existing equity shar eholders ofthe Company on rights basis in the ratio
14 equity shares for every 19 equity shares held by equity shareholders
under cha pter lV of the SEBI tCDR Regulations and provisions of all
other applicable laws and regulations

Rs

Particulars
Repayment/ pre-payment, in full or part, of certain identified loans availed
by our
Company

Iinance the construction of our Ongoing projects

Generalcorporate
and lssue Expenses
Total
The balance unutilized amount had been temporaril de

in fi

th bankt.

Amounts to be
utilised

in lakhs

Actualutilisation
till lune 30, 2016

6,200

6,200

2,800

2,250

1,000

1,000

10,000

9,450

The lnd

affairs.

AS compliant financial results, pertaining to the quarter ended 30th June 2015 have not
been subjected to limited review or audit
, the management has exercised necessary due diligence to ensure that the financial results provide a true and faar view of

8- The figures for the corresponding period have been regrouped and rearranSed wherever necessary

Place: Pune

September 09, 2016

to make them comparable

By Order

ott

ofD

R. Vasudevan

Managing

Di