K. K. JAIN & CO.

Chartered Accountants

LIMITED REVIEW REPORT

The Board of Directors

Morgan Ventures Limited
. 53, Friend Colony (East)
New Delhi-ll0065

We have reviewed the accompanying statement of unaudited financial results of Morgan

Ventures Limited for the quarter ended on 31st December, 2016. This statement is the
responsibility of the Company's Management and has been approved by the Board of
Directors/Committee of Board of Directors. Our responsibility is to issue a report on these
financial statementsbased on our review.

We conducted our review in accordance with the Standard on Review Engagement (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
financial statements are free from material misstatement. A review is limited primarily to
inquires of company personnel and analytical procedures applied to financial data and thus
provide less assurance than an audit. We have not performed an audit accordingly, we do
not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in
accordance with recognition and measurement principles laid down in Accounting
Standards specified under Section 133 of the Companies Act ,2013 read with Rule 7 of the
Companies (Accounts) Rules, 2014 and other recognized accounting practices and policies
generally accepted in India, has not disclosed the information required to be disclosed in
terms of Regulation 33 of the SEBI (Listing Obligation and disclosure Requirements)
Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any
material misstatement.

For K. K. Jain & Co.

Chartered Accountants
Firm Registration No.002465N

Place: Delhi (Simmi Jain)

Date: \'-\., Y .}ol 1 Partner
M. No.86496

184A, Garud Apartments, Pocket-IV, Mayur Vihar Phase-l , Delhi-I 10091, Ph.: 42448514
Mittal Niwas, Opp. Old Rohtak Bus Stand, Anaj Mandi, Sonepat, Haryana - 131001
 . MORGAN VENTURES LTD .
CIN: L70109DL1986PLC025641
Regd.; Office : 53, Friends Colony (East), New Delhi-I 1'0065.

standalone Una"dited Financial. Results. ror.the Quarter ended 31st December, 2016.
PAAT:-I . (Rs. In Lakhs)
. 51;NQ, paJ1lculars. Quarter .Quarter Quarter Year to Date Year to Date Year .
Ended Ended Ended figures for figures f~'" Ended
-, current .. current
31.12.16 30.09.16 31.12.15 period period 3103:16
. 31.12.2016 31.12.2015
(Unaudltedl (Unaudited) (Unaudited) (Unaudited) (Unaudited)' (Auditedi
1 . (a) N~t Saies/I.ooome from Opergtions . 2.42 2.42 2.86 8.38 6.98 . 34.56
, bi'Othel' OoeratinQlnoome .' .. 0.00 0.00 0.00 0.00 0.00 . 0.00
Total Income '. ..' .' 2.42 2.42 . 2.86 6.38 6.9B 34.56
. 2 Expenditure.
a) (lncreas'e}/Decrease in Stock In Trade '. 0.00 0.00 0.00 0,00 0.00 0.00
b) Purchas.e of SeClliities . 0.00 0.00 0.00 0.00 Q.QO 0.00
cJ purchase olTraded GOqd.s 0.00 .0.00 0,00 0.00 0.00 0.00
d} Employee Cost . 4.03 4.03. 5.73 13.96 14~98 . 21.15
e) DepreC!atio~ ~ }l.mortlsaUonExps. . 0.45 0,45 0.45 1.34 '1.34 . 1.t7
-. f)' Repair& Maintenance (Wind MillS)' . 0.00 0.00 0.00 0.00 '.0.00 0.00
10) OtheiExoenditiJre .:. 2.95 2.98 2.39 9.89 6.88 10.60
Total 7.43 7.46 8.57 25.19 .23.20 33.52
. 3 Profit(+)JLoss(-) froiij Ope~Uons before' allier tncome, Interest and -5.04 -5.71 -16.81 '-16.22 1.04
Exceotlonalltenis (1-2) '. '. ". :
'. .\ ', Otheiln6me '" 0.00 0.00 0.00 0.00 0.00 '0:32
...5. Profit + ILoss - before Interest and ExceDtionalltems 3+4 -5.01 "5.04 -5.71 ;16.81 -16.22 1.36
.'6.. Interest 0.00 0.00 0.00 0.00 0.00 0.00
-5 ..01 . -5.04 -5.71 -16.81 -16.22 1.36 .
7. Profit (")lLoss(~)after Int~rest but befo~e' Ex'cellt~n~ Items (5-6)
8' : El<ceotionaJ Items 0.00 0.00 0.00 0.00 0,00 0.00 .
9 -5.01 '-5.04 -5.71 -16.81 -16:22 1.36
Profit (+}I LOSS(-) from orainary AcUvi.ties before tax (7-6)
Provision!or 'raxauon
a Income Tax ." 0.00 0.00 0.00 0.00 0.00 . 0.72
b Frinae Benefit Tax . 0.00 0.00 0.00 0.00 0.00 0.00
c Qeferred Tax Assets -)/Liabillty( +) ... 0.00 0.00 0.00 . 0.00 0.00 :0.32
". Net Profit (+ )lLoss(-)"from Ordinary ActiVities arter tax 9-10 -5.01 -5.04 -5.71 -16.81 -16.22. :0.96
12 Adjustment relalin~ to e;artier years. 0.00 0.00 0.00 0.00 04.60 0.00
.]; :13 Ne! Profi! (T)lLoss(-) for the period. (1'.1-.1.2) . .. -5.01 -5.04 -5.71 -16 ..81 -11.62 0.96
14 . Share of Profit . l.lo55 H of Aescoiates 0,00 0.00 . 0.00 0.00 0.00 0.00
'15 Minorilv Interest - - - -
16 Net Profil(+)lLoss(-) anertaxss minority Interest anosnare.of Profit . .-5.01 -5.04 -5.71 -16.81 ,11.62 0.96
1/+)/Lossl-i of assoclates'<13tI4+15l: .'
17 Paid-up e uityshare capital faceValue: Rs.l0 each '.989.87 '969.87 989.87 989.87 989.87 ..989.87
18 Reserves excluding RevaluationReserves.
0.00 . 0.00 0.00 0.00 2911.97 2922.52
:19 Eamino Per Share EPS
a Basic and diluted I;:PS before Extra onlina!Y Items -0.05 -0.05 -0.05 -0.16 . -0.11 0.01
b .Baslcand diluted EPS atter ExIra ordinary Items . -0.05 -0.05 . -0.05 -0.16 -0,11 0.01
.'

PART-.II
'. A Particulars of S.hareholalno '
1 Public Shareholdin(j .
No. of Shares 2494000 2494000 2494000 2494000 2494000 2494000
% of Sharhotdino 25.20% 25.20% 25.20% '25.20% . 25.20% 25.20%

, '2. Promoter and Promoter. Grouo SharehOldina

aPledaodlEncumbered
-Nurnber of Share
. - '/, to the totalshareholdlno of Promoter and Promoter ..Grouo
-
-
-
-
-- -
-
-
-- .-
-
- % to the total. Share Capital of the Co'mpaiw - - - . -
b).NofHlncumbered ., .. 7404700 7404700 7404700 7404700 7404700 7404700
-.% to the total sharaholdlnq of Promoter andPro(lloterGroup 100% 100% 100% 100% 100% 100%
, % to the total Share Capital of the .Comoanv .. 74.80% 74.80% 74.80% 74.80% 74.80% . 74.80%
S . Investor Complaints
Pending at the b.eainningoflhe quarter Nil Nil
. Received QurinQ me Quarter Nil Nit
.. DiSposed of duling the quarter Nil Nil
Remaining unresolved at the end of the quarter Nil Nil

Ngte'
1 rne' above finanCIal rasuitsnave been reviewed by thlilAudit Committee 'and approved by the Board of Directors in its.meetlnq held on 14.02.201'7 .
. .nie Statutory Auditorshavecamedo~t.the Limited:Review of the result torthe quarter ended 31.12.2016. . . . ... ..
'2 No complaint was received during.tMQuarter erided31st 0",6,2016 and there was no complaint pending at the eml of ouarter 31.12,2016 .
. .:':.3 previous Period f.gures ha.ve been regrOupedlrearT;lJ1ged
. . '.'
wherever necessary. f
For & on behalf of the Soard A
! .. ~ ~;rgan :ures Ltd. p.. V
.. '. V
'. ' :' (S.C. GOYAL)O .
. Managing Director
.. DtN:00220575' .

Date: 14.02.2017
Place: New Deihl
~-

.: S,,!!menl>Yise Revenue,Result" and Capital Employed under RegulaUon 33 of the listing Agreement

(Rs-in lacs)
Unaudited Results Unaudited Results Unaudited Re.sul~. Unaudited Results Unaudited-Results Audited Results
.for the Quarter for the -Quarter,' for tho Quarter Year to Date - Year_ to.Date for the year
Ellded 31.12.2016 .Ended 30.09.2016 Ended 31.12.2015 . Ended 31.12.2016 Ended 31.12'.2015 31st Marc!), 2016

". (Audited)
.... ., '. -...
S-egment R~venue
Trnding on capital Eqi.lipments 0.00 0_00 0_00' .0_00 0.00 0_00
. Fee Based AcliviUes - .2;42 .2.42 2_86 8_38 6_98 '34.56
Fund Based AClivilies 0;00 0_00 0.00 0.41 0.00 0_32
lnvestrnents .- - ..0;00 . 0_00 0_00 0_00 0.00 0_00
Windmil.lOperation . 0.00 0_00 - 0_00 0_00 0.00 0_00
Tota.ISegm'm.tRevenue .' 2.42 2.42 2.86 8.79 6.98 34.88
less ';Inter Segf1lent Revenue -. .0.00 0.00 0_00 0.00 0_00 0.00
NeiSalesnncome fonm'dperatlons .: 2.42 2.42 2.86 8.79 6.98 34_88

Segment Resul~ _
(Pr.Ofit before.l~ierestand Tax)-
~radiii9. OncBRital Fqulpmen~ -0_00 0_00 '0.00 0.00 0_00 0.00
'. FeeBased.ActiviUes --1.81 -1_61 -2.86 -5.58 -5_97 0.31
F~ndBased.Act)vilies .-3_40 -3.43 -2.85 -11.23 -10.25 2.41
- invesunenta 0_00 0.00 0_00 0_00 0.00 0_00
Windmill Operation . 0.00 0_00 0.00 '0.00 0.00 0.00
Total Segment Results . -'5.01 -5.04 -5.71 -16.81 -16.22 2.72
Less :-liMrest Expense .. - .0_00' r 0_00 0_00 0.00 0_00 0_00 _
tess : Unallocable Expenditure 0.00 . '0_00 0_00 0_00 0_00 -- 1_36
TciU!l Prc)fit BeforeTax ... -' .5.01 -5.04 -5.11 -16.81 -16.22 .1.36

CapItal Employell (Seg!Jl.ntMsets less_

Segment Liabilities) . . .
CaplialEqllipmerits 1804.30 1803_78 804.56 1804_30 804.56 803_11
Fee Based Activities 0.00 0.00 0.00 0.00 0.00 0_00
Fund Bas~ Activities. 1217;91 1223.19 2221.97 1217.91 2221.97 - 2235_25
Iiwestmenls -': . - 891.54 891_54 891_54 891.54 891.54 -891_54
Windmill Operation - . . .' .:0.00 .-0 0.00 '0.00 0_00 0_00
Totai Capital Employed.ln.~egments --3913.75 3918-.51 3918.07 3913_75 3918.07 3929.90
Add :. Unallocable cOijiOrate Assets . -0.00 0.00 0_00 0_00 0.00 0.00
TcitaiCaoital Emoloiredin the COmpany 3913.75 '. 3918.61 3918.07 3913_15 3918.07 .3929.90
'.

Notes:
1.S~~men.ls_havebeenldentified in line'Withihe ~unting St.;ooard on Segment Reporting .

. 2._ ;"gm~nt Revenue,Resun'; 'and c.aPi~1 ~pIOyed -figures i~~ the respective amounts-identifiable
to-each of the Segments_\Jnaliocable_ expenditure lncludes expenses incurred at a corporate level
which relate 10 the cornpeny as a)'lhoie. - - .

. .

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