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3oth May,2016

Ref. No.: ASL/Sec/2016-fl /A1

To,

The Manager/ Secretary,

Department of CorPorate Services,
BSE

Limited

Phiroze Jeejeebhoy Towers, Dalal Street,

Mumbai- 400001, MH
BSE

Code:531223

Dear Sir/ Madam

Sub.: Outcome of Board Meeting U/r.3Oand 33 of the

SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015

pursuant to Regulations 30 and 33 of Securities and Exchange Board of lndia (Listing

Obligations and Disclosure Requirements) Regulations , 2OL5, we would like to inform
you that the Board of Directors at their Board meeting held on today 30'05'201"6, inter
alia, has transacted and approved the following:
audited standalone financial results of the Company for the quarter and
year ended March 31,,2016 as recommended by the Audit Committee. A copy of the
annual audited standalone financial results is attached herewith.
lndependent Auditor's Report on annual audited standalone financial results of the
Company for the year ended March 31, 2016. A copy of the lndependent Auditor's
Report along with Form-A (For Audit Report with Un-modified Opinion) is attached

1. The annual
Z.

3.

herewith.
Appointment of Mr. Rakesh Agrawal as an additional Director, lndependent NonExecutive of the Company w.e.f' 01.06.2016.

please note that the said meeting was held at around 04.00 p.m' IST and closed around
at S8.00 p.m. lST.
Kindly take note of the same and update on record of the Company accordingly.

We remain,thanking You.

Encl.: A/a

Regd. Office : 4, New Cloth Market, Raipur Gate, Ahmedabad-380 002, I Tel : +91 079 22t73LBt - 82

Mills:140, Pirana Road, Piplej, Ahmedabad-382405. INDIA lTel : +91 079257t5544Email : info@anjanisynthetics.com

Website : www.anjanisynthetics.com

45

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Year to date

figurs for
current Year
ended

Net Sates / tncome trom opeEtioni

lNet ot

ercis

Purchase of stock in+radE

c) Changes in inventoriei oifinEtre-d

otnerexpenseJ@
ating to continuing operations to be shown separately)

Profit/ (Loss) from ope--GnEEEi6Te othd

exceptional items (1_2)
Los

f ro

m ord

in a

ry

i-ri vitieiIEale R nEncEi6EIf n a-

312 7'l

(Loss) from ordinary activiiieiine-i;EiEEZ6II-IITEEEE

from ordianary activifies atter tax 1O-tO1

Extra'Ordinary ttems (Net of tarexpenses R- EipenGlllfa-li!
Net profiu(Loss) for the period (1 t -t

NetProfot/ (Loss) aftertaxes,

IlOol of assnriara.

11lli,

r@

I E\*

373.72

Share Capitat (Face value-oiElj olserues exctudins Revatuation neserues-ll6EEiZiE63E6Ef6i

i) Earnings per Stra-eloe6E

ii ; Earnings per Share

S e

e acco

m pa nyi

tatte@

ns note GlEETiiarc-iEi-HEillts-

1 The above audited standalone financial results were reviewed

by the audit committee and approved by the Board
of Directors at their meetings
2 operations of the Company falls under single reportable Segment
,Textiles,.
i.e,

The figures

herd on 30.05.2016

for corresponding previous periods have been regrouped/

rearrangeed wherever necessary.
tn" ou'"ncins fisures between audited fisures in respect of

Iff:lT::: ;::T:,1ffi "'"

the fur financiar year and pubrished year to date

fisures upto the third quarter or

Regd, Office : 4, New Cloth Market, Raipur Gate, Ahmedabad-380 002. I Tel : +91 079 22L73L8I - 82
Mills : 140, Pirana Road, Piplej, Ahmedabad-382405. INDIA I Tel : +91 079 25715544 - 45
Email : info@anjanisynthetics.com I Website : www.anjanisynthetics.com

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Standalone Statement of Assets & Liabilities

As at
31 st March,

Particulars

As

at

st

March,

31

2015

20,1A

Audited

Audited

Rupees in Laktrs

1 ssvr I r Alru t-tAE tLt ! IED

Shareholders' funds
\d/ onare captlal

'1.

1080.10
3194.02
4274.12

uilu

-. ""o'".oppuuarr(,lr money penolng allotment

0.00

3. Minoritv interest*

080.1 c

2820.30
3900.40
0.00
0.00

0.00

4. Non-crrrran
Lvrrrr
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Sub-totat of
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Nofi urrdt

tiab'iiiile_;

1838.28

1764.49

2840.93

2205.15

6932.99
4181 .80
2643.31

6426.37
3045.60
2531.76

145.54
13903.64

12175.38

21018.6S

18280.93

t;^rli:*I-

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440.66
0.00

l9s
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33.41

171.6a

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3012.39

,b) Goodwill on consolidation.

al

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141.40

125.OC

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II

1282.1

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0.85

78.54

CIJ>EL5

3154.64

1485.67

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0
5763.1 5
9996.43

5275.53
11120.77
103.47

aJDetS

TAOAL ASSETS
FOR

1359.21

59.82
967.45

5.07
17864.05

16795.26

21018.69

18280.93

8.41

Anjanisynthetios

Vqta.{'
Aganval)'r'

(Vasudev S

Managing Director
Regd. Office : 4, New Cloth Market, Raipur Gate, Ahmedabad-380 002. I Tel : +91 079 22l73l9t - 82
Mills : 140, Pirana Road, Piplej, Ahmedabad-382405. INDIA I Tel : +91 079 25775544 - 45
Email : info@anjanisynthetics.com I Website : www.anjanisynthetics.com

Nahta |ain & Associates

211, 1st Floor, New Cloth Market,
Ahmedabad-380 002.
Phone '.079-22161264 / 65, 97141 06383

Email : nahtajainandassociates@gmail.com

Web.

: www.nahtajainandassociates.com

Independent
To the Members

Auditor's Report

of

M/S. ANJANI SYNTHETICS LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of ANJANI SYNTHETICS LIMITED
("the Company"), which comprise the Balance Sheet as at March 37,2016, the Statement of Profit
and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting
policies and other explanatory information.

Management's Responsibility for the Sandalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the
Companies Act.2013 ("the Act") with respect to the preparation and presentation of these financial
statements that give a true and fair view of the financial position, financial performance and cash
flows of the Company in accordance with the accounting principles generally accepted in India,
including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules,2014. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of Act for safeguarding the assets of the
Company and for preventing and detecting frauds and other irregularities, selection and application of
appropriate accounting policies; making judgements and estimates that are responsible and prudent;
and design, implementation and maintenance of adequate intemal financial controls, that were
operating effectively for ensuring the accuracy and completeness of the accounting records, relevant
to the preparation and presentation of the llnancial statements that give a true and fair view and are
free from material misstatement, whether due to fraud or error.

Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We have
taken into account the provisions of the Act, the accounting and auditing standards and matters which
are required to be included in the audit report under the provisions of the Act and the Rules made
thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section
143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.

An audit involves performing

procedures

to obtain audit evidence

about the amounts and the

disclosures in the financial statements. The procedures selected depend on the auditor's judgment,
including the assessment of the risks of material misstatement of the financial statements, whether due
to fraud or error. ln making those risk assessments, the auditor considers intemal financial control
relevant to the Company's preparation of the financial statements that give a true and fair view in
order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on whether the Company has in place an adequate intemal financial controls

system over financial reporting and the operating effectiveness of such controls. An audit also
includes evaluating the appropriateness ofthe accounting policies used and the reasonableness ofthe
accounting estimates made by the Company's Directors, as well as evaluating the overall presentation
of the financial statements.
We believ'e that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion on the financial statements.

2nd Floor, Greater Kailash-1, New Delhi-110048.

Opinion
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid financial statements give the information required by the Act in the manner so required and
give a true and fair view in conformity with the accounting principles generally accepted in India, of
the state of affairs of the Company as at 31 March 2015 and its profit and its cash flows for the year
ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies

(Auditor's Report) Order,2015 ("the Order") issued by the

Central Govemment of lndia in terms of sub-section (l l) of section 143 of the Act, we give in
the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the
extent applicable.

2.

As required by section 143(3) of the Act, we report that:

a)

We have sought and obtained all the information and explanations which to the best
our knowledge and belief were necessary for the purpose of our audit.

b)

In our opinion proper books of account as required by law have been kept by

of

the

Company so far as appears from our examination of those books;

c)

The balance sheet, the statement of profit and loss and the cash flow Statement dealt with
by this Report are in agreement with the books of account;

d)

In our opinion, the aforesaid financial statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the companies (Accounts)
Rules,20l4;

e)

On the basis of written representations received from the directors as on March 31, 2016
taken on record by the Board of Directors, none of the directors is disqualified as on
March 31,20l6from being appointed as a director in terms of Section 164 (2) of the Act;
and

With respect to the other matters to be included in the Auditor's Report in accordance
with Rule 1 1 of the Companies (Audit and Auditors) Rules, 2074, in our opinion and to
the best of our information and according to the explanations given to us:

i)

The Company does not have any pending litigations for which provision have not
been made which would impact its financial position.

ii)

The Company has made provision, as required under the applicable law or accountino
standards, for material foreseeable losses, if any.

iii)

There were no amounts which were required

to be

transferred

to the

lnvestor

Education and Protection Fund by the Company

As per our Report of Even Date

For and on Behalfof
For, Nahta Jain & Associates
Chartered Accountants

Firm Regq No. 106801 W

Place :Ahmedabad

Date :3010512016

(cA. G+il'i[AV NAHTA)

Partner

M.No.116735

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Annexure to the Independent Auditor's Report

The Annexure referred to in our lndependent Auditor's Report to the members of the Company on the
financial statements for the year ended 3 1 March 201 6, we report that;

(i)

[n respect of Fixed Assets:

(a) The Company has maintained proper records showing full particulars, including quantitative
details and situation offixed assets.
(b) As per the information and explanations given to us, all the

assets have not been physically

verified by the management during the year but there is a regular programme of verification
which, in our opinion, is reasonable having regard to the size of the company and the nature
of its assets. No material discrepancies were noticed on such verification.

(c) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the title deeds of immovable properties are held
in the name of the Company.

(ii)

In respect of lnventory:

(a) As explained to us, inventories have been physically verified during the year by the
management at reasonable intervals. In our opinion, the frequency of verification is
reasonable. As informed to us there were no material discrepancies noticed on verification
between the physical stocks and the book records and any discrepancies found has been
properly dealt within the books of accounts.

(iii)

In respect of the loans, secured or unsecured, granted by the company to companies, firms or
other parties covered in the register maintained u/s. 189 of the Companies Act, 2013 :

(a) During the year under audit, the Company

has not granted any loans, secured or unsecured, to

the companies, firms and other parties covered in the register maintained under section 189 of
the Companies Act,2013 hence clause 3 (iii) (a), (iiD
and (iii) (c) of the Companies
(Auditor's Report) Order, 2016 are not applicable.

O)

iv)

ln our opinion and according to the information and explanations given to us, the Company
has complied with the provisions of section 185 and 186 of the Act, with respect to the loans
and investments made.

v)

According to the information and explanation given to us, the company has not accepted any
deposit from the public during the year. Therefore the provisions ofclause (v) ofparagraph 3
of the order are not applicable to the company.

vi)

The central government has prescribed maintenance ofcost records under section 1a8(1)(d) of
the companies act 2013 in respect of certain manufacturing activities of the company.
Company has obtained cost audit report for the financial year 2014-15 during the year. We
have broadly reviewed the accounts and records of the company in this connection and are of
the opinion, that prima facie, the prescribed accounts and records have been made and
maintained. We have not, however carried out detailed examination of the same.

vii)

(a) The company is generally regular in depositing the undisputed statulory dues including
Provident Fund, Employees State Insurance, Income Tax, Wealth Tax, Sales Tax, Custom
Duty, Excise Duty, Service Tax, Value Added Tax, Cess and any other statutory dues with the
appropriate authorities. According to the information and explanations given to us, no
undisputed amounts payable in respect of afore mentioned dues were outstanding as at 3ls'
March 2016 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, details of statutory dues that have
not been deposited on account of dispute and the matters pending before appellate authority
are as under:

ffi

Sr.

Name of the

No.

Statute

Income Tax Act,

Income Tax for the

l96l

A.Y.20tt-12
Income Tax for the
4.Y.2012-13
Income Tax for the

Nature of Dues

Amount

Forum Where
dispute is

Remark

oendins

2.

ncome Tax Act,

96r
ncome Tax Act,
961

4329001-

ITAT
Ahmedabad

2714401-

ITAT

7477501-

CIT

Ahmedabad

A.Y.2013-14

Ahmedabad

(viii)

In our opinion and according to the information and explanations given to us, the company
has not defaulted in repayment of dues to financial institutions or banks. As there are no
debentures, the question ofrepayment does not arise.

(ix)

The Company did not raise any money by way of initial public offer or further public offer
(including debt instruments) and in our opinion and according to the information and
explanations given to us, the Term loans have been applied for the purpose for which they
were obtained.

(x)

According to the information and explanation given to us, no material fraud by the Company
or on the Company by its officers or employees has been noticed or reported during the
course

ofour audit.

(xi)

According to the information and explanations give to us and based on our examination of the
records of the Company, the Company has paid/provided for managerial remuneration in
accordance with the requisite approvals mandated by the provisions of section 197 read with
Schedule V to the Act.

(xii)

In our opinion and according to the information and explanations given to us, the Company is
not a nidhi company. Accordingly, paragraph 3(xii) of the Order is not applicable.

(xiii)

According to the information and explanations given to us and based on our examination of
the records of the Company, transactions with the related parties are in compliance with
sections 177 and 188 of the Act where applicable and details of such transactions have been
disclosed in the financial statements as required by the applicable accounting standards.

(xiv)

According to the information and explanations give to us and based on our examination of the
records of the Company, the Company has not made any preferential allotment or private
placement of shares or fully or partly convertible debentures during the year.

(xv)

According to the information and explanations given to us and based on our examination of
the records of the Company, the Company has not entered into non-cash transactions with
directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not
applicable.

(xvi)

The Company is not required to be registered under section 45JA of the Reserve Bank
India Act 1934.

As per our Report of Even

Date For and on Behalf of
For, Nahta Jain & Associates
Chartered Accountants

Firm Reen.No. l0680lW

Place :Ahmedabad
Date : 30105/2016

A)*qe

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(CA. Galllaf,fahta)
Partner

M.No.116735

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FORM. A
[Audit Report with Un-modified opinion]
Pursuant to Regulation 33(3)(d) of SEBI (IODR) Regulations, 2015
1

Name of the Company

ANJAN! SYNTHETICS TIMITED

Annual Financial Statement for the

31st March,2OLG

year ended
3

Type of Audit Observation

Freq uency

of obse rvation

Un-qualified
Not Applicable
To be signed by

MR. VASUDEV S. AGARWAL

Chairman & Managing Director

MR. MANOHARTAL I. SHARMA

Chief Financial Officer

On;

MR. MAHAVIRPRASAD S. DALMIA

Audit Committee Chairmen

Auditors of the Company

M/s. NAHTA JAIN &

ASSOCIATES

Chartered Accountants
(FRN: 106801W)

Al
M.No.116735

Regd. Office : 4, New Cloth Market, Raipur Gate, Ahmedabad-380 002. I Tel : +9t 079 2ZL73tgL - Bz
Mills:140, Pirana Road, Piplej, Ahmedabad-382405. INDIA I Tel :+91 07925775544- 45
"
Email : info@anjanisynthetics.com I website : www.anjanisynthetics.com

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Ref. No. : ASL/Sec/2016-17 /08

30th May,2016

To,

The Manager/ Secretary,

Department of Corporate Services,
BSE

Limited

PhirozeJeejeebhoy Towers,
Mumbai- 400001, MH
BSE

Da

lal Street,

Code: 531223
DECLARATION

l, Vausdev S. Agarwal, Chairman and Managing Director of M/s. Anjani Synthetics

Limited having its registered office at 4, New cloth Market, o/s. Raipur Gate,
Ahmedabad-380002, Gujarat, lNDlA, do hereby declare that, the Statutory Auditors of
the Company, M/s. Natha Jain & Associates, Chartered Accountants (Firm Regn. No.:
106801W) of Ahmedabad have issue an Audit Report with un-modified/ un-qualified
opinion on annual audited standalone financial results for the quarter and year ended

March 31,,2016.
This declaration is issued in compliance of Regulation 33(3)(d) of the SEBt (Listing
obligations and Disclosure Requirements), Regulations, zor5 as amended by the
Securities and Exchange Board of lndia (Listing Obligations and Disclosure
Requirements) (Amendment)Regulations, 2016 vide SEBt notification No.SEBt/ LADN Ro/G N/20 t6-17 / oo1. dated 25.0s.2016.
Yours truly,
ANJAN I SYNTH ETTCS Lt M |TED

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[VASUDEV S AGARWAL]

MANAGING DTRECTOR

Regd. Office : 4, New Cloth Market, Raipur Gate, Ahmedabad-380 002, I Tel : +91 079 Z2t73IBt - 82
Mills :140, Pirana Road, Piplej, Ahmedabad-382405. iNDIA I Tel : +9t 079 257t5544 - 45
Email : info@anjanisynthetics.com I Website : www.anjanisynthetics.com

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