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14th February 2017

REF:170214-01

To,

Corporate Communications Department

Bombay Stock Exchange Limited

Dalal Street, Fort

Mumbai - 400001

.^

v

70 DtAC

V E N T U R E S LT D

. SUB: Outcome of the Board Meetinq held on 14th Februarv 2017

Dear Sir,

.

'-'4t

This is to inform.yo.gthat a meeting of the Board of Directors was convened today which commenced at 5:00 p.m. and concluded at 6:00 p.m. The following buSinesses were transacted:

1. The Board approved the re-appointment of Mr. Ramesh Shah as a Whole Time Director of the

Company, subject to the approval of the shareholders in the next Annual General Meeting, for

a period of five years with effect from 2nd Novemb er 2016',

2. The Board approved the re-appointment of Mr. Jimit Shah as the Managing Director of the Company, subject to the approval of the shareholders in the next Annual General Meeting, for

a period of five years with effect from 2nd Novemb er 2017',

3. The Board has approved the Unaudited Financial Results for the Third Quarter ended 31't

December 2016.

Attached herewith are the Unaudited Financial Results for the Third Quarter ended 31't December

2016 along with the Limlted Review Report.

Kindly take the above on your records.

Thanking you,

Sincerely,

For Zodiac Ventures Limited

M

Avinash Agarwal

Company Secretary

404, Dev Piaza,68, S V Road, Andheri (W), Mumbai 4OO 058, truOtR. fi +91 22 4223 3333. F: +91 22 4223 33OO info@zodiacventures.in . www.zodiacventures.in . CIN: L45209MH1981PLC023923

ZODIAC VENTURES LIMITED CIN: L45209MH19B1 PLC023923

Regd. Office: 404, Dev Plaza, Plot 68, S. V. Road, Andherl (West), Mumbal- 400058 Tel No: 022·4223 3333 Fax No: 022·4223 3300 www.zodiacventures.ln emallld: Info@Zodiacventures.[n

S!l!p~~19n O ~O~ ,~d!!~,df ilJ.~ng!aiR o ~~Jl.L% ,lh o ,Q~W! ~ [ Emlod t;t~",~mb.r 31 , ~,01'15

~ ::--:-":,,"_

(Rs. In Lacs)

S.

   

Quarter Ended

 

Nine M.()nths;.E~ndad

Y;ear Ended

 

No.

31>12.2016

JO.(i9,2016

Jl .1 2. 2015 (Unaudited)

31 .1 2.2016 (Unaudllod)

31

,1 2,2015

31,Q3.2016 1 (Aud lt od)

II

(Unaudllod)

(Ud,fudltod)

(,Un aud ite d)

1

Income from Operations

             

(a)

Net Sales/income from Operations

 

30.00

 

45.00

150.00

110.00

 

250.00

160.00

(b)

Other Opera ling

Income

 

-

   

-

 

Total Income from Operations (net)

 

30'ioo

 

'45:001

150100

110,00

 

250.00

 

2

Expenses

               

(a)

Employee Benents Expense

 

14.05

 

15.77

 

14.15

47.99

 

54.14

72.65

(b) Rent

 

3.87

3.87

3.51

11.60

10.54

14.64

(c)

Other Expenses

1.39

3.40

2.53

7.78

11.27

13.18

Tolal Expenses

   

19.30

 

23.04

 

iO. 19

,87.37

 

75.95,

100048 •

3

Profit I (Loss) from Operations before Other Income, Finance Costs and Exceptional Items (1

 

10.70

 

21.96

129.81

42.63

 

174.05

59.52

 

2)

     

4

Other Income

   

0.45

 

-

0.45

 

-

3.81

5

Profit / (Loss) from Ordinary Activities befo re

           

I

Finance Costs and Exceptionaillems (3 + 4)

 

11

.1 5

 

'21;,96

129.8c1

43.08

 

H4.05

6

Finance Costs

   

10.79

 

10.28

 

10.55

30.62

 

33.38

43.66

 

7

Profit 1 (Loss) from Ordinary Activities after Finance Costs but bofore Exceptional Items (5 -

           

I

 

0. 36

 

11 .69

119.25

12.46

 

140.67

19.68

6\

             

8

Exceptional Ilems

   

-

-

 

':

           

9

Profit /(Loss) from Ordinary Activities before Tax

(7+ B)

 

0.36

 

11.69

119.26

12.46

 

140.67

19.68 .

10

Tax Expense (Including Mat Credit, Deferred Tax)

 

0.34

 

3.61

 

37.02

4.15

 

46.75

9.50

 

11

Net Profit 1 (Loss) from Ordinary Activities after Tax (9 -10)

 

,0 .02

 

8. 08

 

B2. 23

8.Jl

 

93.92

10.17

 

12

Extraordinary Ilems (net of tax expense)

   

-

     

-

 

13

Net Profit I (Loss) for the Period (11 - 12)

 

' 0.02

 

8 .0B

 

82.23

8.31

 

93.92

,10;171

14

Paid-up Equity Share Capital (Face Value of Rs.1/­ each)

372.90

 

372.90

372.90

372.90

 

372.90

372.90

 

15

Reserve excluding Revaluation Reserves as per Balance Sheet of Previous Accounting Year

-

 

-

 

804.84

16

(A) Earnings Per Share (before extraordinary items) (of Rs. 1/- each) (not annualised)

   

(a)

Basic Earnings Per Share (in Rs.)

 

0.00

 

0.02

 

0.22

0.02

 

0.25

0.03

(b)

Diluted Earnings Per Share (in Rs.)

0.00'

0.02

0.22

0.02

0.25

0.03

(B) Earnings Per Share (aftor extraordinary

       

items) (of Rs. 1/- each) (not annuallsed)

(a)

Basic Earnings Per Share (in Rs.)

 

0.00

 

0.02

 

0.22

0.02

 

0.25

0.03

(b)

Diluted Earnings Per Share (in Rs,)

0.00

0.02

0.22

0.02

0.25

0.03

/~OPH4'~. , --
/~OPH4'~.
,
--
0.03 (b) Diluted Earnings Per Share (in Rs,) 0.00 0.02 0.22 0.02 0.25 0.03 /~OPH4'~. ,
0.03 (b) Diluted Earnings Per Share (in Rs,) 0.00 0.02 0.22 0.02 0.25 0.03 /~OPH4'~. ,

Notes to Standalone Financial Results

1 The above results were rev iewed by the Audit Commillee and have been approved by the Board of Directors of the Company in its

meeting held on February 14, 2017 and a limited review of the same has been carried out by the Statutory Auditors of the Company .

2 The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard (AS) 17 on "Segment Reporting" .

3 The figures for the corresponding previous periods have been regrouped/rearranged wherever necessary. to make them comparable.

wherever necessary. to make them comparable. Jimlt Ramesh Shah Managing DIrector Place: Mumbal

Jimlt Ramesh Shah Managing DIrector

Place: Mumbal

Oate:-14.02.2017

-

,

Shah Managing DIrector Place: Mumbal Oate:-14.02.2017 - , StGN A F( . - -, .~. 0
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Review Report to The Board of Directors Zodiac Ventures Limited

Limited Review Report

A.R. Sodha & CO.

CHARTERED

ACCOUNTANTS

We have reviewed the accompanying statement of unaudited standalone financial results of Zodiac

('the Company') for the quarter and the nine months ended 31 st December, 2016

Ventures Limited

(the "Statement") attached herewith, being submitted by the company pursuant to the requirement

of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015,

read with SEBI Circular No. CIRICFD/CMDI1512015 dated 30°' November, 2015. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors.

Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statements 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 of material misstatement. A review is limited primarily

to

inquiries of company personnel and analytical procedures applied to financial data and thus

provide less assurance than an audit. We have not performed an audit and 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, prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For A.R. Sodha& Co.

FRN l10324W

0 ' R. '2JfAI

-~~

Dipesh R. Sangoi Partner

M No. 124295

Place: Mumbai Date: 14th February,2017.

101, "Ashiana", 11th Road. U .S. III, Opp. B.M.C. Hospital. Santacruz (East), Mumbai·400055. Tel. : 26102465, 26116901,26101228 Email : ars@arsco.in