Jtllir 6ATEW'AY DI§TRIPARK§ LTD. G A. ' 'E'lN--'. V """""'A)iI:t+.,f.Ll..

14May2019 Z:\St. Ex\SE Corr 2019.doc

The Stock Exchange, Mumbai

Phiroze Jeejeebjoy Towers

Dalal Street MUMBAI

Ph: 22727 1233 /34

Fax: 2272 3121/2037/2041/2061/2039

Email: corp.relations@bseindia.com

Dear Sir / Madam,

National Stock Exchange of India Ltd.

Exchange Plaza

Bandra Kurla Complex

MUMBAI - 51

Ph: 2659 8452 Fax: 2659 8237/ 38

Company No. : 532622 / GDL

Deb Scrip code: 958703/ 958704/ 958705/ 958706/ 958707/ 958708/ 958709/ 958710/

958711/958712/958713 / 958714 /958715/

Re: Outcome of Board Meeting & Audited Financial results

This is to inform you that the Board of Directors, at their meeting held today, i.e. 14 May 2019 :

1. Approved the Audited annual accounts for the year ended 31 March 2019

2. Approved the payment of Interim Dividend of Rs. 4.50/- per equity share of Rs.1 0/- each,

for the financial year 2018-19 to the shareholders. The Record date for the Interim

Dividend is Wednesday, 22 May 2019 and the date of payment will be Thursday, 30 May

2019.

Enclosed please find the Audited financial results for the year ended 31 March 2019.

The Board meeting commenced at 11.45 a.m and concluded at 2 p.m.

Kindly take the information on record .

Thanking You,

Yours faithfully,

• For GATEWAY DISTRIPARKS LTD.

~& ~

Dy. CEO & CFO cum Company Secretary

Registered Office: Suto.r 6, Dronagiri, Taluk .. Ut~", Dilmicl f'l.nigad . "'~ Mumboi _ 400 707

'I'd : -I 91-22-272A 6500 to [2 (Board) • Fax; +91,22 Zi24 (,S38 • E -m:l.ll: gdld'®galc""y-dimipllks,com • Website: WW\l-;gatewa),-ciistri arhcorr eIN : t7d899MH J 99~PLCJ(j4D24 p

~1~ liATEWAY DI§TRIPARK§ LTD.I.a. ~ ~A~.U'U __ - ----' - o~ .. -

14May2019 Z;lSL..<illUmL2jJlO1.QQ,

The Stock Exchange, Mumbai

Phiroze Jeejeebjoy Towers

Dalal Street MUMBAI

Ph : 22727 1233 /34

Fax: 2272 3121/2037/ 2041/2061/2039

Email: corp.relations@bseindia.com

Dear Sir / Madam,

National Stock Exchange of India Ltd.

Exchange Plaza

Bandra Kurla Complex

MUMBAI - 51

Ph: 2659 8452 Fax : 2659 8237 / 38

Company No. : 532622 / GDL

Sub: Declaration pursuant to Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2016

Pursuant to Regulation 33(3)(d) of the SEBI (lODR) Regulations, 2016, we hereby declare that

the Statutory Auditors of the Company, M/ s S R Batliboi and Co, LLP , Chartered Accountants

have issued an Audit Report with unmodified / unqualified opinion on Audited Financial Results

for the year ended 31 st March, 2019.

This declaration is issued in compliance or Regulation 33(3)(d) of the SEBI (LODR) Regulations,

2016 as amended by the SEBI (LODR) (Amendment) Regulations, 2016 vide notification No.

SEBI/LADNRO/GN/2016 -17/001 dated 25/05/2016.

We request you to kindly take the aforesaid information on record .

Yours faithfully,

For GATEWAY DISTRIPARKS LIMITED

~ Dy. Chief Executive Officer and

Chief Finance Officer -cum - Company Secretary

Registered Office: . . Secto r 6, D ronagiz:i, Taluh Unn. OJ.trier Raigad, Navi ?-'Iumbai . 400 707 T r1. : '/91-22-2724 6500 1.0 12 (Board) • Fa>. : +91 -22 ·2724 6531\ ' E~m:uJ : gdlc.f.s@gatcW'.y-disr.dparks_com • Website ; www.garewa -distri arks com

ON : r.74f.\<)9MH 1994 PI.Gl M024 y p ..

B E ~C 0 N TRUSTEESH P

5642/0PR/BTL/2019-20 Date: May 13, 2019

Gateway Distriparks Limited Sector 6, Dronagi r i, Taluka - Uran, Raigad District, Navi Mumbai - 400707

Kind Attn: Mr. Nandan Chopra

Certificate for receipt and noting of informatio n [Pursuant to Regulation 52(5) of the Securities and Excha nge Board of India (Listing Obligations

and Disclosure Requirements) Regulations. 20151

Pursuant to Regulation 52(4) read with Regulation 52(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (" Regulations"), the Company while submitting its half yearly / annual financial results to the Stock Exchanges, is required to submit a letter to the Debenture Trustee ("Beacon Trusteeship Limited") that the Debenture Trustee has noted the contents furnished by the Company in terms of Regulation 52(4).

In pursuance thereof, we hereby confirm that we have received the said informalion under Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and we have taken note of the same.

This Certificate is being issued pursuant to the requirement of Regulation 52(5) of the aforesaid Regu lations, for onward submission to Stock Exchange by the Co mpany.

Yours faithfully,

For BeacorT Trusteesh ip Limited

G~ Authorised 'Signatory

BEACON TRUSTEESHIP LTD.

•

-

Auditor's Report On QuaI·terly Consolidated Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SE Bf (Listing Obligations and Disclosure Requirements) Regulations, 2015. as amended.

To Board of Directors of

Gate'way Distriparks Limited,

l. We hine audited the accompanying statement of quarterly cunsolidated Inc! AS financial results of Gateway Distriparks Limited ('the Company') comprising its subsidiaries (together. 'the Ciroup'), its associates and joint controlled entities for the quarter and year ended i'.1arch 3 L 2019 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of tlh.: SEBI (Listing Obligations and Discl('sure Requirements) Regulations, 20 I), as amended Cthe Regulation'), read with SEBI Circular No. CIR/CFDrL\Cl62i2016 dated July). 2016 ('the Circular'). The consolidated Inc! AS financial results tix the quarter and year ended March 3 I. 2019 ha\e been prepared on the basis of the consolidated Ind AS financial results for the nine-lllonth period ended December 3 L 2019. the audited annual consolidated Inel AS financial statements as at and for the year ended March 3 L 2019, and the relevant requirements of the Regulation and the Circular. \\hlch are the responsibility of the Company's management and have been approved by the B(lard of Directors of the Company. Our responsibility is tu express an opinion on these consolidated Ind AS financial results based on our revie\\ of the cnnsolidated Ind AS financial results for the nine-lllonth period ended December 31, 2018 which \\as prepared in accordance with the recogniti(in and measurement principles laid dllwn in Indian Accounting Standard (lnd AS) 34 Interim Financial Reporting, specified under Section 133 of the Companies Act 2013 read \\ith relevant rules issued thereunder and uther accounting principles generally accepted in India: our audit of the annual consolidated Ind AS financial statements as at and for the year ended March 3 L 2019: and the relevant requirement,; of the Regulation and the Circular.

We conducted our audit in accordance \\ith the auditing standards generally accepted in India. Those standards require that \\e plan and perform the audit to obtain reasonable assurance about whether the consolidated financial results are free of material ll1isstatel11ent(s). An audit includes examining, on a test basis. evidence supporting the amounts disclosed as financial results. An audit alsu includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis f(lr our opinion.

3. In our opinion and to the best OfOlif inforlllation and according to the explanations given to us and based on the consideration of the reports on separate financial statements and the other financial information of subsidiaries' associates / joint controlled entities. these quarterly consolidated Ind

:\S finZlIlC ial rt::;u It:-; a:; \1, t: II a:; tht: year tn date re~u It:;:

I. includes the re:;ulb urthe t()llo\\ing entitie:;:

II. are presented in accordance with the requirements of the Regulation read with the Circular. in this regard: and

ilL givc a true and fair view ofthe consolidated net profit including and other comprehensivc mcome and other tlnanciallflforrnation for the quarter and year endecl1\larch ] 1,2019,

-I. We did not audit the financial statemenb and other financial information. in respect of one jointly controlled entity. whOSe Inc! AS financial statements include total assets of Rs 7,]-1 lakhs as at March] 1.2019. and total revcnues of Rs 0,01 lakhs and Rs 0,51 lakhs for the quarter and the year ended on that date respectively These Ind AS financial statements and other financial information hene been audited by other auditors. \\hich financial statements. other financial information anc! auditor's reports have been furnished to tiS by the rnanagell1ent.The consolidated Inel AS financial results also inc lude the Group' s share of net profit of Rs, Nil for the quarter and the year ended March] L 2019. as considered in the consolidated Ind AS financial results. ill respect of jointly controlled entity. whose financial statements. other financial infnrrnation have heen audited by other auditors and \\ hose reports ha\e been furnished to us by the management. Our opinion. in so t~lr as it relates to the affairs of such jointly controlled entity is based solely Oil the report nf uther auditors, Our (lPinion is not modified in respect of this llljltter.

5, Further. read with paragraph 1 abovc. we repurt that the figures for the quarter ended I\larch 31. 2019 represent the derived tigures between the audited figures in respect ufthe financial year ended i'vlarch 3 I. 2019 and the publ ished year-tll-date figures up to December 31. 2018. being the date of the end of the third quarter of the current tinancial year. \\hlch were subjected to a limited review as stated in paragraph I abuve. as required under the Regulation and the Circular.

For S.R. BATLIBOI & CO. LLP

Chartered Accountants

ICAI Firm Registratioll Number: 30 I00.1EfEJ00005

per Yishal Sharma

Partner f'vlclllbershlp No,: 96766

Place: (rurugrarn

Date 1\1<1;' I-t 2019

I GA;EWAY DISTRIPARKS LIMITED Re istered Office: Sector' 6/ Dronagiri[ Taluka - Uran, District Raigad[ Navi Mumbai - 400707.

I eIN: l74899MH1994PlC164024 Ph: +912227246500 Fax: +912227246538 Email: gdlcfs@gateway-distriparks.com Website: www.gateway-distriparks.com

r~~J'I.::r OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31[ 2019

I, Sr. No. Darticulal 3 months ended Preceding 3

31/03/2019 months ended I 31/12/2018

1.

3,

s. 6,

9.

Income (a) Revenue from Operations (b) Other Income, Total Income

Expenses (a) Opcratinq Expenses (b) Employee Benefit Expense (e) Depreciation and Amortisation Expense (d) Finance Costs (e) Other Expenses Total Expenses

Profit before exceptional items, share of net profits of investments accounted for usinq equity method and tax (1-2)

Share of net profit of AssOCiate and Joint venture accounted for using the Equity method

Profit before exceptional items and tax (3+4)

Exceptional Hems

Profit before Tax from operations (5+6)

Income Tax Expense [Refer Note 6 and 7 belowj a, Current Tax

b, Deferred tax

Total Tax Expense

Profit for the year (7-8)

10. Other Comprehensive Income, net of tax

Items that will not be reclassified to Profit or Loss

L Rerneasurement of en"ployment benefit obligations

11. Total Comprehensive Income for the year (9+ 10)

(Audited) (Refer Note-14)

11,993.98 419,24

12,413.22

6,805.40 741.79 746.39 362.82

2,254.17 10,910.57

1,502.65

2,444.39

3,947.04

28,047.98

31,995.02

749.42

1,168.39 1,917.81

30,077.21

(24.37)

30,052.84

(Unaudited)

10,302A5 187.29

10,489.74

6,783.00 539.08 834A7 302.56

1,039AO 9,498.51

't_y

991.23

1,053,82

2,045.05

2,045.05

503.15 (79.54)

423.61

1,621.44

6,22

1,627.66

Corresponding 3 months ended

31/03/2018 in the previous year

(Audited) (Refer Note-14)

10.216.7S 446,99

10,663.74

6,299.29 564.05 842.06 296.19

1.200A7 9,202.06

1,461.68

2.046.05

3,507.73

3,507.73

195.75 66.83

262.58

3,245.15

22A8

3,267.63

(Rs. In lakhs) Current year ended Previous year

31/03/2019 ended 31/03/2018

(Audited) (Audited)

43,061-22 39,550,22 1,278m 1,375,51

44,339.23 40,925.73

26,720-61 24,515.47 2,363.58 2,029.76 3,256,24 3,041.85 1.279.75 1,076.46 5,737.37 4.567.88

39,357.55 35,231.42

4,981.68 5,694.31

6.485.16 4,016.21

11,466.84 9,710.52

28,047,98

39,514.82 9,710.52

1,991.14 j ,442.93 1,004.25 (48.47)

2,995.39 1,394.46

36,519.43 8,316.06 I I I

I I

(13.67) 25.84

36,505.76 8,341.90

I Sr. No. Particulars 3 months ended Preceding 3 Corresponding 3 Current year ended I Previous year

31/03/2019 months ended months ended 31/03/2019 I ended 31/12/2018 31/03/2018 in the 31/03/2018

previous year

(Audited) (Unaudited) (Audited) (Audited) (Audited) (Refer Note-14) (Refer Note-14)

Profit is attributable to: 4

Owners 30,080,75 1,623.41 I 3,207.33 36,512,85 I 8,272.36 Non-controllinq interests (3,54) (1.96) 37,82

6, 58 1 43,70

Other comprehensive income is attributable to: I

Owners (24.42) 6, 25 1 22.48 (13,74)1 25,78 NOil'controllinq interests 005 (0,04) - 0.Q7 I 0,06

Total comprehensive income is attributable to: Owners 30,056.33 1,629,66 3,229.81 36,499,11 8,298,14 Non-controllinq intc;rc;sts (3.49) (200) 37,82 6,65 .\3. 76

!)aid·up EqUity Share Capital (Face Value Rs, 10 each per equity share) 10,872.80 10.,872.80 I 10,872.80 10,872.80 10,872.80

Other Equity excluding Revaluation Reserve as per the audited balance sheet of 121,307.50 I 90,051.49 previous year I i Earnings Per Share of Rs. 10 each Not Annualised Not Annualised Not Annualised Annualised Annualised

BaSic Rs, 27.66 "'" 1.50 2.95 33,58 7,61 Diluted Rs 27.66 '¥ 1.50 2,95 33,58 7,61

See accompanyinq notes to the financial results,

Statement o{Consolidated Audited Assets and liabilities as at March 31, 2019

I Particulars

ASSETS Non-Current Assets Property, Plant anli Equipment Capital WorHnProCjtess Goodwill Other Intangible Assets Equity Investments in .Joint Ventures and Associates Financial Assets

i. Other Financial Assets Income Tax Assets (Net) Deferred Tax Assets (Net) Other non-current assets Total Non-Current Assets Current Assets Financial Assets

i. Investments ii. Trade Receivables iii. Cash and Cash Equivalents iv. Bank balances other than (iii) above v. Other Financial Assets

Other Current Assets Total Current Assets TOTAL ASSETS EQUITY AND lIABILITIES EQUITY Equity Share Capital Other Equity Equity attributable to owners Non-Controlling Interests Total Equity liabilities Non-Current liabilities Financial Liabilities

i. Borrowings Provisions Employee Benefit Obligations Government Grants (EPCG) Deferred tax liabilities (net) Total Non-Current liabilities Current liabilities FinanCial Liabilities

i. Borrowings ii. Tracie Payables

iii. Other financial liabilities Employee Benefit Obligations Government Grants (EPCG) Other Current liabilities Income Tax Liabilities (net) Total Current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES See accompanying notes to the financial results.

As at March 31, As at March 31, I 2019 2018 i

Audited Audited

149,572.94 159.59

32,276.47 2,311.06

14,648.36

1,403.59 1,530.43 1,979.65 5,466.81

209,348.90

3,976.19 12,736.68 2,925.85

71.95 2,200.62 1,393.44

23,304.73 232,653.63

10,872.80 121,307.50

132,180.30 975.59

133,155.89

74,160.73 156.05

1,032.17 498.81

1,886.26 77,734.02

2,624.60 7,435.95 6,989.27 2,010.24

134.89 2,299.88

268.89 21,763.72 99,497.74

232,653.63

29,830.48 47.20

2,410.77 39.16

56,595.90

708.04 841.72

2,390.57 5,550.04

98,413.88

16,355.18 5,365.01

876.94 56.18

468.53 681.47

23,8 .31 122217.19

10,872.80 90,051.49

100,924.29 I 885.29

101,809.58

10,387.64 I 156.05 I 309.27 191.69 512.10

11,556.75

960.81 2,860.90 3,850.11

559.64 51.80

567.60

8,850.86 20407.61

122,217.19

1 The financiai results of following entities have been consolidated with the financial results of Gateway Distriparks Limied (Parent Company): Subsidiaries: aJ Gateway East India Private Limited b) Chandra CFS and Terminal Operators Private Limited c) Gateway Distriparks (Kerala) Limited d) Gateway Rail Freight Limited (with effect from Harch 30, 2019)

Joint Ventures: a) Gateway Rail Freight Limited (till Harch 29, 2019) b) Container Gateway Limited

Associate: Snowman Logistics limited

2 The above audited financial results for the quarter and year ended Harch 31, 2019" have been reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on Hay 14, 2019, The Statutory Auditors have given an unqualified report on the above results,

3 Pursuant to the approval by the Board of Directors in their meeting held on Hay 14, 2019, the Company has declared Interim Dividend for the Financial Year 2018-19 ef 45% (Rs, 4.50 per Equity Share) on the Equity Share Capital aggregating Rs, 4,892,76 lakhs,

4 The financial results have been prepared in accordance with the Indian Accounting Standards (lND AS) speCified in the Companies (Indian Accounting Standard) Rules, 2015 (as amended) under section 133 of the Companies Act, 2013 (the "accounting principles generaliy accepted in India"),

5 The Company ("GDL") and its related party, Gateway Rail Freight Limited ("GRFL") are involved in an arbitration proceeding with Container Corporation of India limited ("Con cor") in respect of agreements entered into by the parties for operation of container trains from the Inland Container Depot and Rail siding at Garhi Harsaru, Gurgaon, COilcor has raised claims on GDl and GRFL on var'ious issues in respect to the aforesaid agreements, Based on legal opinion, the ~1anagement has taken a view that these claims are at a prelinlinary stage and the question of maintainability of the alleged disputes as raised by Concor under the aforesaid agno.ements is yet to be determinecl"t;OO are not sustainable. Pending conclUSion of the arbitration, the parties are maintaining "status quo" in respect of the operations at Garhi Harsaru, Gurgaon,

6 The Company principally engaged in a single segment viz. Inter-Hodal Container LogisticS, based on the nature of services, risks, returns and the internal business reportmg system.The Company Is principally engaged in a single segment VIZ, Container Freight Station, based on the nature of services, risks, returns and the internal business reporting system,

'7 Deputy Commissioner of Income Tax had issued orders under Section 143(3) of the Income Tax Act, 1961 of India ("the Income Tax Act"), for the Assessment Years 2008·2009 to 2014-2015, disallowing the claim of deduction by the Company under Section SO-IA( 4)(i) of the Income Tax Act upto Assessment year 2011-2012, other expenses and ~1inimum Alternate Tax Credit and issued notices of demand under Section 156 of the Income Tax Act for recovery of additional income tax and interest (after conSidering rectification order under Section 154 of the Income Tax Act for Assessment Year 2012·2013 and 2014-2015) aggregating Rs. 7,304,15 lakhs and initiated proceedings to levy penalty. On appeal filed by the Company against the assessment orders, Commissioner of Income Tax (Appeals) had allowed the aforesaid deductions, except for claim of deduction of other expenses aggregating Rs, 30 lakhs for the Assessment Years 2008-2009 to 20J 1-2012, The Deputy Commissioner of Income Tax had appealed with Income Tax Appellate Tribunal against the aforesaid orders of Commissioner of Income Tax (Appeals) for the Assessment Years 2008-2009 to 2010-2011, which has been decided in favour of the Company. Income Tax Department has filed an appeal with Bombay High Court against the order of Income Tax Appellate Trlbunai for Assessment Years 2008-2009 and 2009-2010, which is pending for hearing, The Company has filed appeal against the order for the Assessment Years 2012-2013 to 2014-2015 with the Commissioner of Income Tax (Appeals) which has been deCided in favour of the Company. The Deputy Commissioner of Income Tax had appealed with Income Tax Appellate Tribunal againsl the aforesaid orders of Commissioner of Income Tax (Appeals) for the Assessment Years 2012-2013,

Deputy Commissioner of Income Tax had issued notices under Section 148 of the Income Tax Act, proposing to re-assess the Income for Assessment Years 2004-2005 to 2007-2008, disallowing the deduction under Section 80-IA(4)(i) of the Income Tax Act amounting to Rs, 4,46034 lakhs, The Company has filed a Writ petition against the notices with the Bombay High Court, The Bombay High Court has granted Ad Interim Stay against the notices,

Based on Lawyer and Tax Consultant's opinion, the Hanagernent is of the opinion that the Company is entitled to aforesaid deductions and claims and hence, no provision for the aforesaid demanci/notices Ins been made till Harch 31, 2019.

8 In case of subsidiary company (Gateway East India Private Limited - GEIPL), Deputy Commissioner of Income Tax had issued orders under Section 143(3) of the Income Tax Act, 1961 of India ("the Income Tax Act"), for the Assessment Years 2011-2012 to 2014'15 disallowing the c!ai111 of deduction by the Company under Section 80-IA(4)(i) of the Income Tax Act and other expenses and issued notices of demand under Section 156 of the Income Tax Act for recovery of addilionai,ncome tax and interest aggregating Rs, 659.10 lakhs and initiated proceedirlgs to levy penally, The Company had filed appeal with Commissioner of Income Tax (Appeals) (C!T(A)) for disallowance of the aforesaid deductions,

For Assessment Year 201 J -2012, 2012-J 3 and 2013-14, CIT (A) and Income Tax Appellate Tribunal (!TAT) had allowed the appeal in favour of tile Company. For Assessment Year 2011-2012 and 201.3-14, Deputy Commissioner of Income Tax has appealed against the order of lTATwith Honourable High Court of Andhra Pradesh. Appeal for Assessment Year 2014-15 11as been decided by C!T (A), in favour of the Company,

Based on Lawyer and Tax Consultant's opinion and favourable orders received frorn department, management is of the opinion that the Company is entitied to the aforesaid deductions and claims and hence, no provision for the aforesaid demand/notices has been made till 31 Harch, 2019.

Place: Dated:

9 Blackstone GPv Capital Partners (Mauritius) VH limited CBlackstone") had Invested ,n 1,200 lakh Compulsory Convertible Preference Shares ("CCPS") and 100 equity shares of Gateway Rail Freight Limited C'GRFL"), a joint venture of the Company. During the quarter ended June, 2018, Gateway Distrlparks limited ("GDL" or "the Company") and Its affiliates had entered into a Share Purchase Agreement (SPA) with Blackstone for acquiring the entire CCPS and equity shares held by Blackstone in GRFL. The acquisition was expected to be completed by September 28, 2018, Wlllch was further extended up to December 28, 2018 viz-a-vlz amendment agreement to the SPA dated October 04, 2018. Out of the totai agreed consideration of Rs.68,496 iakhs, Rs.12,499 lakhs was discllarged on October 04,2018 and 219 lakh CCPS were acquired. The balance conSideration was to be paid by December 28,2018.

The transaction could not be completed by December 28, 2018 due to un-contemplated events in the debt market resulting into delay in raising necessar! debt for the transaction, consequently Blackstone sent notice of arbitration at Singapore International Arbitration Council dated December 29, 2018.

The Company, GRFL and Blackstone had entered into a new SPA dated January 25,2019 for purchase of balance 981 lakh CCPS and 100 equity share held by Blackstone, at a total conSideration of Rs.58,066 lakhs. As per the new SPA, RS.3,079 lakhs of the balance consideration was paid on February 01,2019 and the balance cash consideration of Rs. 54,987 lakhs was paid on March 29, 2019 viz-a· viz new share purcllase agreement dated January 25,2019. The Arbitration notice sent by Blackstone under Share Subscription and Shareholders Agreement entered between COL, GRFL and Blackstone was withdrawn after the payment of balance purchase consideration on fvlarch 29, 2019. Post-acquisition of the shares acquired from Blackstone, CDL became the Holding Company with 99.93% shareholding in GRFL as on March 31, 2019 with effect from March 29, 2019.

10 During the year, the Company had raised Rs. 55,000 lakh by issue of Rated, Listed, Secured Redeemable Non-Convertible Debenture. The proceeds of the issue were utilised to pay Rs. 54,987 lakh to Blackstone GPV Capitall'artners (Mauritius) VH Limited holding 929 lakh of CCPS and 100 no's of Equity Shares in GDL's subsidiary company Gateway Rail Freight Ltd and Rs.13 lakh for the purpose of creatinCj a debt service reserve account.

11 Additional disclosures as e Board of Xndia listing Obligations and Disclosure Requirements Regulations,2015): 31-Mar-19

0.62 1.55

12.49

36519.43 Basic er ('rlod/Year ended Rs. 33.58

(h) The long term rating for the debt instruments of the Company Is Ind AA-Stable (Previous year: AA- Stable) from India Ratings & Research Private limited. (I) The first/ next due date for payment of interest on non-convertible debentures Is June 28,2019 and for principle of non-convertible debentures Is April 7, 2021-OJ The Company continues to maintain more than 100% asset cover for the secured NCDs issued by it. (k) Ratios have been calculated follows:

a) Debts Equity RatiO> Debts(Long Ter'm Borrowings (Current+Non Current) ! N("t Worth (Share holders fund) b) Debts Service Coverage RatiO> PBlDT+OCl (Interest for' the period/year + Pri.ncipal Repayments of Long Term borrowing due for the period/year) c) Interest Service Coverage Ratio:- PBlDT +OCl/lnterest for the period/year

12 Inc) AS 115 "Revenue froll1 Contract with Customers", mandatory for reporting periods beginning on or after April 1, 2018, replaces existing revenue recognition requirements. Under the modified retrospective approach opted by the Company, there were no significant acl]ustments required to retained earning at April 1, 2018. Also, the application of Ind AS 115 did not have any significant impact on recognitioll and measurement of revenue and related items in the financial results.

13 Exceptional gain represents gain of Rs.28,047.98 lakhs recognised during the year on account of conversion of Gateway Rail Freight limited (GRFL) from a Joint venture to subsidiary company.

14 The figures for the Quarter ended f'.1arch 31, 2019 and March 31, 2018 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures upto the thil'd quarter of the respective financiai years.

15 The certificate of CEO and CFO in terms of Regulation 33 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of the above results has been placed before the Board of Directors.

New Delhi May 1~,-2_0;...1_9,---~_.

On behalf of the Board of Directors For Gateway Distriparks Limited

Prem Kishan Dass Gupta Chairman and Manaqinq Director

Auditor's Report On Quarterly Financial Hesults alld Year to Date Results of the Company Pursuant to the Regulation 33 of the SEtH (Listing Obligations and Disclosure Requirements) Regulations, 201!\, as amended.

To Board of Directors of Cateway Distriparks Limited.

!. \\e hme audited the accomparl\ing statement of q Inei AS financial f'e:-'lIlts of (ialt;\\<l: Distriparks Limited (·the Company') for the quarter ended March 31. :019 and fur the ~ car ended \larch 31. 20 I q (·the Statelllent'). attached l1ere\\ itiJ. being submitted by the Cumpan~ pursuant to the requirelllent of Regulati(lll .n of the SLUt (Listing Obligations and Disclosure Requiremenb) Regulations. 2015. as amended (·the Regulation'). read with SIBI Circular Nu. C !RIC! D/I /\ c/62/20 16 dated J lIly 5. 2016 ('the C ireul ar·). The I nl! ;\S fi nane ial results for the quarter ended March 31.2019 and year ended f\/Iarch 31. 2019 have been prepared on the basis of the Ind AS financial results for tile nine-month period ended [kcel1lber 31.2018. the auditcd annual Inc! i\S financial statements as at and for the \ear cnded March 3 I. 2019. ami the relevant requirenl\.'nts of the Reglilati()fl and the Circular. \\hich arc the responsibility uf the Company's rnanagl'tllent ami haH' been approved b~ the Board of Directors llfthc Company. Our rl'sponsibilit) is to e"'pre:;:; an opinion on these financial results based on our rC\ ie\\ of the Ind AS t1n(lncial results for the nine-illonth period ended December 31.2018 \\hich \\as prepared in accordance \\itb the f'ecugnitiun and measurelllent principles laid down in Indian ;\cc()ullting S((lndard (lnd i\S)j-l Interim I· inancial Reporting. specified under Sectiuf1 133 l)f the ClHllpanil.'s Act 2013 read \\ illl rele\ant rules isslled thereunder and other aCC(llIIltill~ principles generall: accepted in India: our audit (\1' the annual fIll! /\S financial S/{ltcll1Cllb (1:-' at and for the \car ended ,\;larch J I. 2019: and the rele\ilnt requirements (If the Regulation and the Circular.

\Ve conducted our audit in accordance with the auditing standards ~ellerall) accepted ill India. Those standards require that \\(' plan and perform the alltlit to ohtain reasonable a:-.sUl'allce ab()tit \\hether the financial results arc free of Illaterialillisstatcfnellt(s). An audit includes examining. Oil

a test basis. evidence supporting the amounts disclosed as financial results. ;\n audit (lIsp includes assessing the accounting principles uscd and significant estimates made by management. \\'e believe that our audit prmicles a reasonable basis for (lUI' upinion.

In our opiniun and to the best of our information and according to till' explanations given to u:-.. these quarterly Inel AS financial results as \\ell as the year tu date reslilts:

I. arc presented in accordance \\ith the requirements urthe Regulati()n read \\ ith till' Circular. in th is regard: ami

II. gi\e a true and fair vie\\ of the net profit including other comprehensi\c income and other financial infl1rl1lation fllr the quarter ended March .J 1.2019 and I()r the) car ended i'.larch 3 1.2019.

-I. Further. read \\ ith paragraph I ab,)\ e. \\ e that the ligun..:-; for the quarter ended \1a1'cl1 :; 1_ 2019 the deri cd bet\\ cell the alld III ul'lhe :. car ended \larch 31.2019 and the published )em-to-date lip to December:; i. 2018. thc \)1' the end uj' the third the current financial \ear, \\hich \\en,' tu a limited re\ ie\\ as stated in paragraph I abm e. as required umiL:r the Regulatioll and the Circular.

For S.R. BATLIBOI & CO. LLP Chartered Accollntants ICAI Firm Registration "iumb<.'r: 301003[/[ 30000:'

per Vishal Sharma Partncr \'kfllbership No,: 096766

'\1e\\ Delhi 1'1 May 2019

GATEWAY DISTRIPARKS LIMITED ~ejJ!ster.~d (;)!!!S~L?~ectoL:l'L[)EE'rl31J}l~!c.:r~lu~_~Uran~strict R3!!9ad, Navi Mumbai ~OO 707. ___ _ CIN:l74899MH1994PlC164024 Ph: +9122 2724 6S00 Fax: +9122 2724 6538 Email: gdlcfs@gateway-distripar\<s.com Website: www.gateway-distriparks.com ?r~:r"-,,!£I'll_9~~?I~!:IE.~L.~.L~YP.:r:rEQ£.INANcr~~ RESULTS FOR THE ~:rER AND YEAR ENDED MARCH 3.""1,'..:2"'0:;1::9'--__________ _

i.

Dcpn.:~Clahon 2nd Amortl$dl'IOfi Expense

Profit before exceptional items and tax (1-2)

n'(,Il1""Ii\(ltem

Profit before Tax (3+4)

Expense [Refer Note 5 below] CUITent Tox

Comprehensive Income, net of tax thot will not Lx: n:~:!{)sslfjed to Profit or Loss

Comprehensive Income for the period (7+8)

Fquily Slklre Capital (Face Value 10 each per equity stVJrf:?)

11 as per the audit0{i balance sheet of previous year

12 Per Share (of Rs. 10 each) Rs.

notes \0

8,872.90 2,627.84

13,409.27 11,500.74

5,891.98 6,055.79 641.10 479.98 619.06 675.72 28836 22903

1,794.07 78042 9,234.57 8,220.94

4,174_70 3,279.80

4,174.70 3,279.80

715.00 476.00 (30.GO)

684.40 374.56

3,490.30 2,905.24

3,470.66 2,908.77

10,872.80 10,872.80

Not Annualised Not Annualised 267

(Audited) (AUdited)

--<--_ ..

8.64975 36,670.76 32,796.48 418.92 7,459.0'1 2,219.06

9,068.67 44,129.80 35,015.54

5,626.31 23.540.24 21,40S.28 505.61 2,058.83 1.761.19 665.98 2,660j<~ 2,432,91 257.03 997.74 789.66 815.99 4,40242 3,363.87

7,870.92 33,659.47 29,752.91

1,197.75 10,47033 5,262.63

1,197.75 10,470.33 5,262.63

152.00 1,849.84 l,lS0.00 241.53 (195.98) 312.08

393_53 1,653.86 1,462.08

804_22 8,816.47 3,800.55

2041 2378

824.63 8,807.43 3,82433

10,872.80 10,872.80 10,872.80

64.38998 60,661.20

Not Annualised Annualised 0.74

GATEWAY DISTRIPARKS LIMITED Re islered Office: Sector - 6 Orona iri Taluka - Uran District Rai ad Navi Mumbai - 400 707. CIN: L74899MH1994PLC164024 Ph: +912227246500 Fax: +91222724 6S38 Email: gdlcfs@gateway-distriparks.com Website: www.gateway-distriparks.com STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE UARTER AND YEAR ENDED MARCH 31 2019

Statement of Standalone Audited Assets and Liabilities as at March 31 2019 Particulars

ASSETS Non-current assets PU)Pl-'ltV, 1)la!)t ;:md t~qtlipnlent Intr1nUlble assets Equity lnvestrnt:nts In SUh.'.1lditH k~s, Joint Ventures t:Hld Associates FiI1;"UKiiil ()ssets I. Inve:,tml:~nts

11. Ot'hc'r financial d~-<;ets Income trw assets (net) Other !lon current ;)\;sets

Total non-current assets Current assets Fil)(l!K1Zlj as~:;ets

L Investments ii, Tra(k~ rp(l:"iv~'}ble~:;

HI. C()~h and cv:,h equivdlents iv. Bi:lIIk b;)I<1flCE'S ot.her than (in) above v. Other fl!ianClal ()s~\ets Other CUI n-;>nt assets Total current assets Total assets EQUITY AND LIABILITIES Equity Equity sll:" e G)pilal Other equity Res(~lves !:md Sur plus Total equity LIABILITIES Non-current liabilities Fillt1f)Cldl llilbjliUf"S i. Borr{)v:!1)9S

Provjsion~,

Employee' iJenefit ohllCjiltions GoverJltllellt Grdnt Deferred tax Ii:lililities (nel) Total non-current liabilities Current liabilities Financjr:ll Ij')\)illties

I. BorrO\vings ii. Trade payables ~·Tot()! outstand!!lU (lues or miuo and smtll! enterpri:tes

~ Total O!/tslJ'lndil1~] cJ\H:~s otilcr than micro tlnd smail enterprises Iii. OUler f1nancidl liiJbiliUes

Employee Beni?fit Ohlt~ptJ(lI'h GovenHnent (;r;)l1t Other currc~nt I!abilttie~:,

Incol11e T;)x Lidhi!lUes (net) Total current liabilities Total liabilities

and liabilities

As at 31 March 2019

(Audited)

-:2,';"1:-) ,ti

~;):).H.~

1 ,":"S4·I:i :1,sH2.()0

2,:.w6.6:;

6::; 6:1 l, ... :{\)·T-l

56-.10

1 -l. :18.0/!

1{1.H-:l.Ho

h.~.:1Hq qH

75,262.-1{

()(},:~6-:--.q~

1:,)6.0:;

:1108·1 1:{!) 8S :;'2» ;;6

b L-l98.02

:-~S.O:2

2.'":"'S(uq

2.tH:; :~5 (nh.o:;

Sl.H~

:~() 1 !.1 26H.H9

-.6--.28 6<),1-;')·30

l-l-lA:l/!.O/!

Rs. In Lakhs As at

31 March 2018 (Audited)

:22,()():':;.Hh

21-0

:lH.:H6()()

2.ot()·79

:':·P.:1H

b:{t).":"'9

;';.:)1,S.()-

l().:L');).lH

:':;,-Ro.tjo

c8~R4

S:2·\);\

42:{·4 K

S6{).(),l

lo,H--:'2.80

60'<161.20

.... L5:~4·o0

0,000.06

1.SLoS :"';-'2.0:

It)l.h!)

'7:24·20

9·H-l·o-::

(")hO-S'l

2,6.S4·kR

:::.29S 2S S:l:l,n

:")1.80

4S-. .sQ

-.i>-Z.-l9

1":",O16.!)()

88):);)0.;,)6

GATEWAY DISTRIPARKS LIMITED Registered Office: Sedor - 6 Dronagiri Taluka - Uran District Raigad Navi Mumbai - 400 707. CIN:l74899MH1994PLC164024 Ph: +912227246500 Fax: +91 22 2724 6538 Email: gdlcfs@gateway-distriparks.com Website: www.gateway-distriparks.com STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2019 Notes:

The ah()Vt:' tHldited !'inanei;'}1 n~sults for the qU(Hter and ye;w ended Harch 31, 2019, have been revit~\\'ed t,y the Audit Cormnittee ond taken on record by the Board of Directors of the Company at their re~;:p{?-ctive

meeUnqs held on Hay 1'1, 2019. The Statutory Auditors have given an unqua!lfH:~cJ report on the above results.

? The rHnnc!/)! res\llts have been pn:'p;1It0d in ;)Ccordance vvith the Inriian AccounUnSj Standards (IND 14.5) specified HI the Compc)nies (Indif'ln Accountin9 Stand('lrd) Rules, 2015 (os ;)rnended) under sectIon 133 of the Comp,mie:) Act 2U13 (the "iH.T()(Jntl!1/) prinCiples ~jenerally accepted in India").

3 Pursuant to Ihe "pproval by the Board of Directors in their me(cting held on Hay 14, 2019, the ComparlY Ius cleclilreci Intenm Dividend for the Finaneiill Year 21118-19 of 45°,0 (Rs. 4.50 per Equity Share) on the Equity Sh~lte C1pita! d~J9req(ltln9 Rs. 4,892.76 ldkhs.

<.1 The Comp/my ("eiOl") Zlnd it:) SUb::,!dkHY comp;)ny, (iatevvay Rill! Freight Lirf!!ted ("GRFL") are involved In an arbitli1tion proceeding with Container Corporation of Indkl Lirnikd C'Concor") in reSiY2ct of agreements entered into by the P;)I!li:~~, for opel0tiotl of contairH:>r trains from the Inland Container Depot and Rail sidinD at Garhi Harsaru, Gurgaon. Cone or has raise<j claims on GDL and GRFl on v(jrlOUS issues in respect to the 11foresli1(j /)9re(~~mr:'nts. BdsecJ on le9(J1 opiniol), the Hanagement has taken a view that these claims ut i:) preliminary stage anci the question of rnaintainabillty of the alleged dIsputes as raised by C:oncor under the dforf's/lic1 aqreernpnt:,!s yet to be dct(::rrnined and are not ~;u$tainflble. Pencii!)£} conclusion of the arbitr(ltlon, the p;'lrties are mallitaininQ "status quo" in respect of the operations at Garh! H(,Hsaru, Gurgaon.G32

~t The COtnPdtW is prim.ipa!!y t~nqdqed in a sjn9k~ seCIllK~nt viz. Inter+1oda! Container Logistics, based on the rHture of services, risks; returns ()nd the internal business reportinq system.

Deputy Comnw;~,iol1C'r of Income Tax had is~~ued orders under Section 1-13(3) of the Income Ti:1X t~ct 1961 of India ('the Income Tax Actfl), for the Assessment Years 2008-2009 to 2014-2015, dlsl111mvin9 the claim of

deduction by the Company und",' Section 80-1'\(4)(i) of the Income Ti)X Act upto Assessment year 2011-2012, other expenses oncl Hinimum Alternate Tax Cre;:jrt and issueclnotices of demand uncler Seclion 1S6 of the Income Tax Act for nxoV(-~ry of additional Income tax and interest (after cc>nsidering rectification order under SectIon 154 of the Income Tax t ... ct for Assessment Year 2012~2013 (lncJ 2014-2(15) ()9gn~F)ting Rs. 7,3()4.1 S Idkhs and inrtiatecl proceedings to levy penalty. On ilppeal filed by the Company arpinst the assessment orders, Commissioner of Income TilX (Appeals) had allowed the dforesaid deductions, except for clilim of dc~jucti()n of other expc'nses alJ(jreqatinq Re;. 30 lakhs for the Assessment Years 2008-2009 to 2011-2012. Thf' Deputy CommiSSioner of Income Tax had ilppealed with Income Tax Appellate Trillunal aqilinst the aioresdici orders of Commis',ioner of Income Tax (Appeals) for the Assessment Years 2008-2009 to 2010-2011, which has been favour of the Company. Income TilX Department has filed an appeal with Bombay Hiljh COUlt aqainsl the order of Income Tax Appellate Tribunal for Assessment Years 20013-2009 and 2009-2010, which is for hearing. The C0I11I\<1ny has filed appeal against the order for the Assessment Year~ ~~012<'~013 to 2014-2015 with the Commissioner of Income Tax (Appeals) v','hich ha~; been decided In fJvour of the Company. The Deputy CommissiorH~r of Income Tax had appealed \t.'ith IncorrH? Tax Appellflte Tril)\1n,,1 d<pinst the ilforesaici orders of Commissioner of Income TilX (Appeals) for the Asses':·ment Years 2012-2013.

Deputy COll1mls,;roner of Income Tax had issued notices under Section 148 of the Income Tax Act, proposing to re-assess tile Income fOf Assessment Years 2004-2005 to 2007-2008, disaliowinQ the deduction under Section Si.HA(4)(I) of the Income TdX Act d!l\()untinfj to Rs. 4,460.34 lilkhs. The Company hilS filed a 'eVrit petition against the notices veith the Bombay High Court. The Bombay HicJh COllrt has granted M Intenm StilY dqainst the notices.

8,)sed on Lawyer ()nd 'f,w Consu!t,)nt'~·) opinlon l the management is of the opimon that the Company is entitled to aforesaid deductions and c!nims and hence, no provision for thl.? afores(1id cJ0!nr1nd/notices !ins been made till ~larch 31,2019.

i.\ Blackstone GPV Caprtdl Partnt'rs, (Hilnritllrs) VH limited ("Blackstone") hird invested in 1,200 lakh Compulsory C:orwertiiJle Preference Shares ("CCPS") and 100 equity shares of Gateway RaIl Freight limrted CGRFL"), a Joint venture of till' Company. iJurinq the quarler ended June, 2018, the Company and rts Joint venture company had entered into a Share Purchase Aqreement (SPA) witll Blackstone for acquiring tile entire ancJ eqrrrty "hares held by fJlackston(, in t;RFl. The acquisition was expected to be completed by September 28, 2018, which was furtber extended up to December 28, 2018 viz-a-viz amendment agreement to the SPA dated Oclol.,'r 04, 2C1l8. Out of the total ilqr(~:'cI consicleratiou of RS.68A96 lakhs, Rs.12,499 lakbs drsclwq€d on October 04, 2018 and 219 lakh C:C:PS were acquired. The balance consideration to be pilid by Deceurber 28. lOlB.

TIl(> tr(In~;a(tlO!) cou!d not be cOlllp!etpd by [)eCl~rnber 28, 2018 duE' to un'"Conternp!ated events in the c1el,·t m;'Htet resulting into clelay in raisin9 necessafY debt for the tr;ms(Jctiotl, consequently Blackstone sent a noticE" of drhltrdt101) /It SinUdlX)re Interntltiol)a! ArbitratIon Council clatt::cl December 29, 201B.

Tht~ Comp;1ny, GRFL ;:!I1d Blackstone h;:)d entered into (1 I1E'\'N Sr/\ (jelled JamJclry 25, 2U19 for purch~)sE' of balance 9811akll (CPS and 100 equity share held by 8!()ckstonc, at a totzll consideration of RS.58,066 le1khs. As per thl.~ lK~\'N SPA, R~>,3,079 !akh~ of the balancE' consideration '.\laS ptlid on FebruCHY 01,2019 oncJ the b'1Iat)ce consider(1t!on of Rs. 54,987 !akhs '.vas paid on Harch 291 2019 VIZ-rl~viz ne\-y share purcha:)€ agreement datpcl JatHlary 2S r 2019. The ,.'\rbitriltion notice sent by 8Ii.x~kstone unde! Sh;;m:~ Subscription and Shareholders Agreement entered betv/(~en GDL! GRFL t:lI1d Blackstone Vv(JS withdravv!1 after the lBynlent of balance purch(l~)e c01i~;iderdlJol1 on rvbrch 29, 2019. Post~acq\!isition of tilt:> shares acqllired from Blackstone, C;DL became the Holding Company with 99.93% sharehoklmg in GRFL as on fv1arch 31, 2019 with effect from HeHch 2Y, 2019.

, Our il1l) the year, the COl'l1pil'ny h"d r0l5e(1 R". 55,000 liJkh by rssue of RatedlistecJ Secured Redeern;lble r'hn .. Convertible Del.Jel1ture. The proceeds of the issue were utilised to pay Rs. 54,987 lilkh to Bi,>ekstone Gf'V C:Jpital ['<Htners (re1i1'lH itlu' .. ) VII Llmrted holclinCj 929 I,'kh of Compulsory Convertible Preference Shares anti 100 no's of EqUl'ty Shares in C;[)L's subsi(li?lr( company Gateway Rail Freight Ltc! and RS.13 lakh for the purpose of Crt.:"dt'inq debt sClvice ff'serve account

GATEWAY DISTRIPARKS LIMITED Registered Office: Sector· 6 Dronaqiri Taluka· Uran District Raigad Navi Mumbai - 400 707. CIN:l74899MH1994PLC164024 Ph: +912227246500 Fax: +91 22 2724 6538 Email: gdlcfs@gateway-distriparks.com Website: www.gateway-distriparks.com STATEMENT Of STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2019

R Additional disclosures as per Regulation 52( 4) of Securities and Exchange 80ard of India (listing Obligations and Disclosure Requirements Regulations,2015): Particulars 31-Mar-19 ill Debt Equity R,)tio 0.85

Ill) Del,t Se.vIG' Cove.(lqe Ratio 3.29 (c 1 Interest St:>pJice Covef'Jqe RatIO 14.1.5 eI) Debenlure Re<JemptiOf) Reserve IRs. jf) Lacs' 55.00

(el N,'1. \No'1" (Rs. In Lacs) 75.262.78 (t) Net Profil after Tax (Rs. In Lacs) 8816.47 q) Basic t;lrninqs pe. Share 10' the peno(]! rear ended (Rs.) 8.11 (h) The lonC) term rating for the debt inslllm.ents of the Company is Ind AA-Stable (Previous yeilr: AA· Stallle) from India Ratings & Research Private limited. (il The first! next due date for pay.nent of interest on non-convertible debentures is June 28. 2019 and for principal of non-convertible debentures is April 7, 2021. (j) The Company Cf)nUnlH?~) to rn()illtoin more than 100% asset cover for the secured NCDs issued by it. (k) Riltios I"we been calcul.Jte<i follows:

a) Debts Equity R;1lio:- Dd)ts(Lon9 Term Borrowings (Current+Non (utrent) i Net Worth (Share holelers funcl) b) Dehts Service COv.,'r:lCJo R;llln:- PBlDT+OCII (Inte.est for tbe period/year + Principal ROPeymenl, of Lon'l Tel m borrowing clue for the period/year) c) Interest Servrc(;-' COVf~t'd~"}e Ratio> PBIDT +OCJ/lnterest for the period/year

~1 I!lei AS tiS "Pevenue hom Contrtict \vlth Customers", mandatory for report!!iq penods be9inning on or after A.prill, 2018, rep![)ces existing revenue rec()(Jnition requirements. Uncler the rllexllfied retrospective tlpproach opted by !'he Company, ther(' \vt::'le no slDlllf!cant adjustments required to reti1!ned earnino at April 1,. 2018, Also; the application of IncJ AS 115 ejid not have any Significant impiKt on recognition and nje(}surernent of revenue and If~!;lted items III tht.:' fllltlnci;-J! re~)ults,

10 lh.' fi(lilres (01 the Qllillter ended Harth 31,2019 and Hilreh 31,2018 are the billancing figures between the dud,tecJ figures in of the rr-!spective fln/illcl(,l! yeats.

the full fin()ncia! year and published ye()[ to date fiDures upto the tlmd quarter

11 The cf'rtiticdte of CEO ,)11(! etO.n terms 01 Regulal10n 33 of SEB! (Listin9 OL>ligations and Disclosure Requirements) Re<:Julat.ons, 2015 in respect of the above lesults has been placed before the Board of Director' •.

Place: New Delhi Dated: May 14 2019

On behdll of the SOi'lId of Directors For Gateway Distriparks limited

f

Prem Kishan Oass Gupta ChairTn()t) and fv1anaqinq Dire-ctor