CIN:L65910PB1981PLC023058GSTIN: 03AAACK4419L1ZO

PAN: AAACK4419LEmail: kovalam@owmnahar.com

KOVALAM INVESTMENT AND TRADING COMPANY LIMITEDREGD. OFFICE: PREMISES OSWAL WOOLLEN MILLS LTD, G.T. ROAD, SHERPUR, LUDIIlANA-141003

May 28, 2019Department of Corporate Relations,BSELimited,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai - 400001

Scrip Code: 505585

Dear Sir I Madam,

Sub.: 1. Outcome of Board Meeting: Scrip Code: 505585

2.Audited Financial Results for the Quarter and Financial Year ended March 31. 2019

Please find below the outcome of the Board Meeting held today i.e. 28th May, 2019. The said BoardMeeting Commenced at 04:00P.M. and Concluded at 06:00 P.M.

1. Pursuant to Regulation 30 read with Part-A of the Schedule-III and Regulation 33 of the Securitiesand Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015(hereinafter referred to as 'Listing Regulations), please find enclosed herewith the AuditedFinancial Results for the Quarter and Financial Year ended on March 31, 2019, as reviewed by theAudit Committee and approved by the Board of Directors of the Company in Meeting held on28.05.2019. The Audit Report issued by Mis. YAPL & Co., Ludhiana, the Statutory Auditors of theCompany on the aforesaid Audited Financial Results is also attached.2. Also find enclosed declaration pursuant to the provisions of regulation 33(3)(d) of the listingregulations.Further, as required under regulation 47 of the Listing Regulations, the extract of the results arebeing published in the newspapers.

You are requested to kindly take the above on record and acknowledge the receipt of the same.Thanking you,

Yours Truly,

End: as above

KOV ALAM INVESTMENT AND TRADING CO LIMITED

(Rs in Lakhs)51.

Quarter ended Year EndedNo.31.03.19 31.12.18 31.03.18 31.03.19 31.03.18

Audited Unaudited Audited Audited Audited1. a) Net Sales/Income from operations 12.76 30.91 75.35 113.68 253.92

b) Other Income 39.99 (0.04) 0.74 40.27 1.07Total income from operations (net) 52.75 30.87 76.09 153.95 254.99

2. Expenses

(a) Cost of materials consumed - - - - -(b) Purchases of stock-in-trade - - - - -(c) Changes in inventories of finished goods. -

work-in-progress and stock-in-trade - - - - - !!

(d) Employee benefits expense 2.94 2.85 2.70 11.49 10.80(e) Finance Cost - - - - -(f) Depreciation and amortisation expense - - - - -(g) Other Expenses -

(1) Legal & Professional Charges 0.04 1.40 0.65 2.00 2.20(2) Rent Paid 3.06 3.06 0.36 7.74 1.44(3) Rate. Fee & Taxes - 0.07 0.33 0.07 0.33(4) Listing Fees 0.62 0.63 - 2.50 2.87(5) Provision for Permanent Diminuation in

Value of Investments (5.36) 2.20 (14.60) 1.24 8.83(6) Charity & Donations 3.75 3.75 3.75 15.00 15.00(7) Loss on sale of investments 1.05 36.90 - 77.58 -

(8) Other expenses 1.48 0.54 0.32 2.49 1.09Total expenses 7.58 51.40 (6.49) 120.11 42.56

3. Profit before exceptional and extraoridinary items andTax(1-2) 45.17 (20.53) 82.58 33.84 212.43

4. Exceptional items - - - - -5. Profit before Extraoridinary items and tax (3 ~ 4) 45.17 (20.53) 82.58 33.84 212.436. Extraordinary items - - - - -7. Profit before tax (5 + 6) 45.17 (20.53) 82.58 33.84 212.438. Tax Expense 0.25 6.34 20.14 20.19 55.139. Net Profit for the period from Continuing

operations (7 + 8) 44.92 (26.87) 62.44 13.65 157.3010. ProfiU(Loss) from discontinuing operations - - - - -11. Tax expense of discontinuing operations - - - - -12. ProfiU(Loss) from discontinuing operations

(after tax) (10:: 11) - - - - -13. ProfiU(Loss) for the period before minority interest 44.92 (26.87) 62.44 13.65 157.3014. Share of profit / (loss) of associates - - - - -15. Minority interest - - - - -16. Net Profit I (Loss) for the period (13 + 14 + 15) 44.92 (26.87 62.44 13.65 157.3017. Paid-up Equity Share Capital

(Face value: RS.10/- per share) 222.39 222.39 222.39 222.39 222.3918. Reserves excluding revaluation reserves

(as per Balance Sheet of previous accounting year) 2,403.06 2,389.3919. Earnings Per Share

Basic and Diluted (not annuaiised) (Rs.) 2.02 (1.21) 2.81 0.61 7.07 V -e,t\t & r

U fi. •..~ ..--- <".;>s.: '0,::.;,;.( )~

~ .s ( Ludhiaoa ) (JQ

PART I

SEGMENT WISE REVENUE RESULTS AND CAPITAL EMPLOYEDSI.No.

Quarter ended Year Ended

31.03.19 31.12.18 31.03.18 31.03.19 31.03.18Audited Unaudited Audited Audited Audited

41.83 17.10 43.32 106.49 164.3010.92 13.77 32.77 47.46 90.6952.75 30.87 76.09 153.95 254.99

NIL NIL NIL NIL NIL52.75 30.87 76.09 153.95 254.99

38.30 (30.25) 54.19 2.58 137.9410.62 13.47 32.47 46.26 89.49

48.92 (16.78) 86.66 48.84 227.43

- - - - -

3.75 3.75 4.08 15.00 15.0045.17 (20.53) 82.58 33.84 212.43

1. Segment Revenue (Net sales /Incomefrom each segment)a) Investment & Financeb) Services (Brokerage)TotalLess: Inter seornent revenueNet sales /Income from operations

2. Segment Results (Profit (+)/Loss(-)before tax and interest from each segment)a) Investment & Financeb) Services (Brokeraqe)TotalLess i. Finance Costs

ii. Other un-allocable expenditure

net off un-allocable incomeTotal Profit (+1/ Loss (-) Before Tax

2,613.09

3. Capital Employed( Segment Assets - Segment Liabilities)

a) Investment & Financeb) Services (Brokerage)

2,592.8320.26

2,642.534.71

2,576.803.73

2,592.8320.26

2,642.534.71'

2,647.24 2,613.092,647.24 2,580.53TotalStatement of Assets and Liabilities (Rs.in Lakhs)

Particulars

222.39

f---,S:..-T"",A...:;.N;.,.=O...:"A::.::L:..;O:..;N...:.;::.E--!Notes:1---=-=--=-=-,Y'=e:..:a;.;..r,::E:;..:n=-d.,....",=-:-:--I1.The above results have been reviewed by

31.03.19 31.03.18 the Audit committee and thereafter weret-:--r- +--.:.A.::u:.;:d:.:.;it:::e.::.d_l-.:..A:.::u.::.di:.::te:;:d:....-...jtakenon record by the Board of Directors in

A EQUITY AND LIABILITIES their meeting held on 28.05.2019. The1 Shareholders' funds statutory auditors have expressed an

unmodified audit open ion on these results.(a) Equity Share capital 222.39

(b) Reservesand surplus 2,403.06 2,389.39 2. Tax Expenses include Current Tax and1------------------+-::--::-::--:::-...,.",+-----1 Deferred tax.

Sub-total- Shareholders' funds 2,625.45 2,611.782 Current liabilities 3. Previous year/period figures have been

(a) Other current liabilities 1.97 1.89 regrouped/ rearranged wherever considered(b) Short-term provisions 19.82 51.29 necessary.~~~~~~~~----------~--~~~--~~Sub-total - Current liabilities 21.79 53.18 4. During the year company has not

I--::!.TO!:!CT~A..!.L=-~EO:....!::.IU!:!CIT~Y~A~N'-!D=LI~AC!!B:!!I~LITI-E-S-----l-2-,-6-=4:.:7:.:•.:...2.:::4-+-2-,-6'::'6'::'4':".9:':6~attached the Consolidated Financial Results

B ASSETS as Hug Foods Private Limited has not beentreated as Associate Company w.e.f26.11.2018.1 Non-current assets

(a) Non-current investments(b) Deferred tax assets (net)

2,567.681.46

1,677.021.91

Sub-total - Non-current assets 2,569.14 1,678.93

2 Current assets(a) Cash and cash equivalents 17.60 25.46(b) Short-term loans and advances 32.00 873.00(c) Other current assets 28.50 87.57

1-_-'S"-'u""b:....-t"'o'-'.ta"'I'----!C:!u=:.r!.!re:.!.n'-'.t.."a:!.:.ss""e"'ts'---l-_-=-=7,...:8:.:•.::::1-=0-t-_-=9-=8-=6.:...0:...,4'-1Place: LudhianaL---.JL- T!CO~T!..!A~L=_=_-A~SS~E!:..!Tc=S~ --.JL..:2::!,.:::6:.:::4:..::7..:..2=4==-L....:2:.!.,.::::6.::::64..:.:..::.9:..::6:....Date: 28.05.2019

Page 2 of 2

YAPL & co.PAN: AACFL3265APh. : 9780558951

eMail: yaplca.16@gmail.com GST NO:-03AACFL3265A2ZZ

Chartered Accountants102-Kismat Complex, G. r. Road,Miller Ganj, LUDHIANA-141 003. (Punjab)

Ref. No ...................Dated .

Independent Auditor's Report on Financial Results of the Company Pursuant to the Regulation 33 of theSEBI(listing Obligations and Disclosure Requirements) Regulations, 2015

ToBoard of DirectorsKovalam Investment and Trading Company limited

We have audited the financial results of Kovalam Investment and Trading Company Limited ("theCompany") for the year ended 31 March 2019, being submitted by the Company pursuant to therequirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015. Attention is drawn to the fact that to the figures for the quarter ended 31 March 2019 and thecorresponding quarter ended in the previous year as reported in these financial results are the balancingfigu res between aud ited figu res in respect of the full fi nancia I yea r and the publish ed yea r to date figu resup to the end of the third quarter of the financial year. Also, the figures up to the end of the third quarterhad only been reviewed and not subjected to audit. These financial results have been prepared on the basisof annual financial statements and reviewed quarterly financial results which are the responsibility of theCompany's management. Our responsibility is to express an opinion on these standalone annual financialresults based on our audit ofthe financial statements for the year ended 31 March 2019, which have beenprepared in accordance with the recognition and measurement principles laid down in the Companies(Indian Accounting Standards) Rules, 2015 as per Section 133 ofthe Companies Act, 2013 and SEBICircularsCIR/CFD/CMD/15/2015 dated 30 November 2015 and CIR/CFD/FAC/62/2016 dated 5 July 2016 and otheraccounting principles generally accepted in India and in compliance with Regulation 33 of the ListingRegulations.

We conducted our audit in accordance with the auditing standards generally accepted in India. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether thefinancial results are free of material misstatement(s). An audit includes examining, on a test basis, evidencesupporting the amounts disclosed as financial results. An audit also includes assessing the accountingprinciples used and significant estimates made by management. We believe that our audit provides areasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us, thestandalone annual financial results:

(i) are presented in accordance with the requirements of Regulation 33 of the SEBI(Listing Obligationsand Disclosure Requirements) Regulations, 2015, read with SEBI Circulars CIR/CFD/CMD/15/2015dated 30 November 2015 and CIR/CFD/FAC/62/2016 dated 5 July 2016 in this regard; and

Contd 2 .

YAPL & co.PAN: AACFL3265A

Ph. : 97805 58951eMail: yaplca.16@gmail.com

GST No:-03AACFL3265A2ZZChartered Accountants102-Kismat Complex, G. t. Road,Miller Ganj, LUDHIANA-141 003. (Punjab)

Ref. No ' . Dated .-2-

(ii)

Place: LudhianaDate: 28/05/2019

CIN:L65910PB1981PLC023058GSTIN:03AJV\CK4419LIZ0

PAN: AJV\CK4419LEmail: kovalam@owmnahar.com

KOVALAM INVESTMENT AND TRADING COMPANY LIMITEDREGD, OFFICE: PREMISES OSWAL WOOLLEN MILLS LTD, G,T. ROAD, SHERPUR, LUDHIANA-141003

May 28, 2019Department ,ofCorporate Relations,BSELimited,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai - 400001

Scrip Code: 505585

Dear Sir j Madam,

Sub:- Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations andDisclosure Requirements (Amendment), Regulations. 2016

Dear Sir,

In compliance of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements

Regulations, 2015, as amended by SEBI Circular No, CIRjCFDjCMDj56j2016 dated May 27,2016. I,

the undersigned do hereby declare that Mjs, YAPL & Co, Ludhiana, the Statutory Auditors of the

Company, have issued an Audit Report with unmodified opinion on Audited Financial Results of the

Company for the quarter and financial year ended 31 st. March, 2019.

Thanking you,

Yours Truly,

Moh,jI"J®t-K1l:H1taflManager