‘474 WELSPUN INVESTMENTS & COMMERCIALS LIMITED

wIcL,/sEç’2019-20

To,

August 07, 2019

Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd.Scrip Code: 533252 Stock Symbol : WELINV, Series : EQDepartment of Listing, Exchange Plaza,P. J. Towers, Dalal Street, Bandra-Kurla Complex,Mumbai -400001. Bandra (F), Mumbai -400051.

Dear Sirs/ Madam,

Sub.: Un-Audited Financial Results for the quarter ended June 30, 2019

Please find attached herewith the Un-Audited Financial Results alongwith SegmentReport for the quarter ended June 30, 2019 as reviewed by the Audit Committee andapproved by the Board of Directors of the Company at their respective meetings heldtoday. Also attached is the Limited Review Report of the Auditors of the Company onthe Un-Audited Financial Results.

The meeting of the Board of Directors concluded at 03.30 P.M.

Please take the same on record.

For Welspun Investments and Commercials Limited

~‘4.mol NandedkarCompany SecretaryACS-23661

Welspun Investments & Commercials LimitedWeispun House, 7th Floor, Kamala City, Senapati Bapat Marg, Lower Parel (West). Mumbai 400 013. India.T +91 22 6613 6000 / 2490 8000 F: +91 22 2490 8020E-mail companysecretary_winl~weIspun.corn Website : www.welspuninvestrnents.com

Registered Address: Welspun City, Village Versarnedi. Taluka Anjar. District Kutch, Gujarat 370 110, India.T : +91 2836 661111 F: +91 2836 279 010Corporate Identity Number: LS2100GJ2008PLCOSS19S

PYS&COLLP cx¼:CHARTERED ACCOUNTANTS

Independent Auditor’s Review Report on Unaudited Financial Results of Weispun Investment andCommercials Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended

To the Board of Directors ofWeispun Investments and Commercials LimitedWelspun City, Village Versamedi, Taluka Anjar,Dist. Kutch, Gujarat — 370110.

We have reviewed the accompanying statement of unaudited financial results of Welspun Investments andCommercials Limited (the Company) for the quarter ended 30 June 2019, (‘the statements’),attachedherewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securitiesand Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘ListingRegulations’) as amended, read with SEBI Circular No. CIRICFD/CMDI/44/2019 dated 29 March 2019 (“theCircular).

The preparation of the Statement in accordance with the recognition and measurement principles laid downin Indian Accounting Standard (Ind AS) 34, “Interim Financial Reporting” prescribed under section 133 of theCompanies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015, asamended, read with the Circular, is the responsibility of the Company’s management and has beenapproved by the Board of Directors of the Company. Our Responsibility is to express a conclusion on theStatement based on our review.

We conducted our review of the statement in accordance with the Standard on Review Engagements (SRE)2410, ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’ issued bythe Institute of Chartered Accountants of India. This standard requires that we plan and perform the reviewto obtain moderate assurance as to whether the financial results are free of material misstatement. A reviewis limited primarily to inquiries of company personnel and analytical procedures applied to financial data andthus provide less assurance than an audit. We have not performed an audit and accordingly we do notexpress an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe thatthe accompanying Statement of unaudited financial results prepared in accordance with the recognition andmeasurement principles laid down in the applicable Indian Accounting Standards (Ind AS) specified underSection 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognisedaccounting practices and policies has not disclosed the information required to be disclosed in terms of theRegulation 33 of the Listing Regulations read with the Circular, including the manner in which it is to bedisclosed, or that it contains any material misstatement.

For P VS & CO. LLPChartered AccountantsFirm Registration No. 012388S/S200048

(G”D. Joglekar)PartnerMembership No.: 039407UDIN: 19O33407AAAfaBGrPlace: MumbaiDate: 7 August 2019

p vs a. Co (a partnership firm) converted Into P Y 5 & co LLP (a Limited Liability Partnership wltti LIP Identification No AAG-9715) wet. 20th July 2016.

Mumbai Office : Saraswati Bhuvan, Sahakar Road, Tejpal Scheme Road No. 5, Vile Parle (East), Mumbai - 400 057.Tel 998706858218286051811 Email: emails@pys.ind.in

Registered Office: No. 7771D, New Bridge Corporate Centre, 100 Feet Road, Indiranagar, Bengaluru —560 038.Other Offices: New Delhi-NCR and Surat

IncomeRevenue from operationsOther IncomeTotal Income (1+11)

Expenses(a) Cost of Materials consumed(b) Purchase of stock - in - trade

Changes in inventories of finished goods, work-in-progress andstock-in-trade

(d) Employee benefits expense(e) Finance costs(f) Depreciation and amortisation expense(g) Rent(h) Rates & Taxes(i) Professional feesU) Advertisement expenses(k) Director sitting fees(I) Other expensesTotal expenses (IV)

Profitl(Loss) before exceptional items and tax (IlI-lV)Exceptional items- Net Reversal of provision for diminuation in value of investmentProfitl(Loss) before tax (V+Vl)

Tax expense:- Current tax- Deferred tax

Profitl(Loss) for the period from continuing operations

Profitl(Loss) from discontinuing operationsTax expense of discontinuing operationsProfitl(Loss) from discontinuing operations (after tax)

Profitl(Loss) for the period (IX+XII)

XIV Other Comprehensive Incomea i) Items that will not be reclassified to Profit or Loss

ii) Deferred tax on above items

b i) Items that will be reclassified to Profit or Lossii) Deferred tax on above itemsTotal Other Comprehensive Income for the period (Net of Tax)

Total Comprehensive income for the period (XIII+XIV)(Comprising profit((loss) and Other Comprehensive Income forthe period)

XVI Paid - up equity share capital (Face Value Rs. 10 each)

Earnings per equity share1. Basic:2. Diluted:

WELSPUN INVESTMENTS AND COMMERCIALS LIMITEDCIN - L52100GJ2008PLC055195, Website : ~.welspuninvestments.com

Registered Office : Welspun City, Village Versamedi, Taluka Anjar, Dist. Kutch, Gujarat 370110Corporate Office : Welspun House, 7th Floor, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai —400013.

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2019(Rs. in lakhs)

Quarter Ended Year EndedSr. ParticuIa~ 3010612019 3110312019 3010612018 3110312019No (Unaudited) (Audited) (Unaudited) (Audited)

1.08 1.66 0.12 175.750.55 1.19 2.09 3.02II

III

IV

VVI

VII

VIII

IX

XXIXII

1.63 2.85 2.21 178.77

- - - 94.28

0.75 0.75 0.75 3.00

0.78 0.78 0.78 3.121.59 1.48 1.45 7.331.78 1.39 0.90 5.710.86 0.48 0.57 2.321.31 2.20 1.31 5.060.37 2.91 3.88 7.457.44 9.99 9.64 128.27

(5.81) (7.14) (7.43) 50.50

- - - 5.00(5.81) (7.14) (7.43) 55.50

1.38 2.19 2.47 5.86

(4.43) (4.95) (4.96) 61.36

(4.43) (4.95) (4.96) 61.36

1,139.01 (438.72) (28.26) (305.69)(9.23) (31.88) 4.85 42.07

1,129.78 (470.60) (23.41) (263.62)

XVII

1,125.35 (475.55) (2L37) (202.26)

365.45 365.45 365.45 365.45

(0.12) (0.14) (0.14) 1.68(0.12) (0.14) (0.14) 1.68

WELSPUN INVESTMENTS AND COMMERCIALS LIMITEDCIN - L521000J2008P1C055195. Website www.welspuninvestrnents.com

Registered Office: Wetspun City, Village Versamedi, Taluka Anjar, 01st. Kutch, Gujarat 370110Corporate Office Weispun House, 7th Floor, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai — 400013

SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED(Re. in Iakhs)

Quatter Ended Year EndedParticulars 30/0612019 31~O3l2019 30/0812018 311031201$

(Una udited) (Audited) (Unaudlted) (Audited)I Segment Revenue

(a) Finance 1.08 1.66 0,12 81.25(b) Non Finance - Trading ‘ ‘ ‘ 94.50(c) Unallocated ‘

Total 1-08 1.66 0.12 176.75Less Inter Segment Revenue - -

Net sales! Income from operstiona 1.08 1.66 0-12 176.75

2 Segment Results(a) Finance 1.05 I 64 012 01.22(b) Non Finance - Trading . - 0.22

Total 1.05 1.64 0.12 81.44Less

(i) Finance Cost ‘ - -

(I) Other un-allocable Expensesnet off Un-allocable Income 6.86 8 78 7 55 25.94

Total profit before tax (5.el) (7.14) (7.43) 55.50

3 Segment assets(a) Finance 13,570.91 12,445.26 12,663.04 12,445.26(b) Non Finance- Trading 9.74 786 6.06 7.86(c) Unallocated 21 79 21.41 1829 21.41

Total Segment assets 13.602,44 12,474.53 12,687.39 12.474,53

4 Segment LIabilitIes(a) Finance - -

(b) Non Finance - Trading - - -

(c) Unallocated 6.82 4.26 43.24 4.26Total Segment Uabiliues 6.82 4.26 43.24 4.26

S Capital Employed(a) Finance 13,570.91 12,445.28 12,663.04 12,445.26(b) Non Finance - Trading 9.74 7.86 6.06 7.86(C) Unallocated 14.97 17.15 (24.95) 17.15

Total Capital Employed 13,595.62 12,470.27 12,644.15 12,470.27

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