chinimandi · 2019-07-24 · created date: 5/29/2018 12:24:24 am
TRANSCRIPT
PGP GROUP
Dharani Sugars and Ghemicals LimitedRegd. Office: "PGP HOUSE", (Old No.57) New No.59. Sterling Road, Nungambakkam,
Chennai -600 034. Tel. :28311313,28254176, Fax . 28232074,28232076Email commercial@pgpgroup. in, finance@pgpgroup. jn. secretariai@pgpgrou p.in
Website : wwwdharanisugars.inCIN No.: 115421TN1987P1C014454 TIN No.: 33061502443 CST No.: 818529/19.1'1.87
BSE Ltd
Corporate Relationship Department,First Floor, New Trading Ring,
Rotunda Building, PJ Towers,
Dalal Mumbai 400 001
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor
Plot No.C/1 G Block Bandra - Kurla Complex
Bandra East,
Mumbai 400 051
DSCt\Results Reg-33 \2018 28.05,2018
Dear Sir,
Sub: Audited Financial Results for the quarter and Year ended 31'r March 2018'
Ref : scrip code - 507442 (BSE) - DHARSUGAR(NsE) - Dharani Sugars and chemicals Limited
In accordance with Regulation 33 read with the Securities and Exchange Board of India (Listing Obligatlons and
Disclosure Requirements) Regulations, 20L5, the following items were discussed and approved in the Meeting of
the Board of Directors held on 28'h May 2018.
L. Audited Financial Results for the Quarter and Year ended 31't March 2018 along with segment wise
rePort.2. Statement of Assets & Liabilities.
3. Independent Auditors RePort.
4. DeclarationregardingAuditQualifications'
The Meeting of the Board of Directors of the Company commenced at 6 00 p m and concluded at 11"50
p. m.
These above Results are atso available at the website of the Company (www.dharanisuqa rs'in) and at the
websites of the Stock Exchanges where the equity shares of the Company are listed: BsE Limited
(www. bseindia.com) and Nationai Stock Exchange of India Limited (www'nseindia com)'
This is for your information and record.
Thanking You,
Yours faithfullY,for Dharani Sug7\and Chemicals Li
fia*-*lrp!?ti'ruu"t
' I
Company Secretary
Encl.: as above
mited
so4 lF,t|j\ Iu,
Xst
6ffie##
Dharani Nagar, vasudevanallu(Tirunelveli District - 627 760
Ph : 104636) 24137 0137 1 1372
Fax : (04636) 241578
Email : dharani l @dharanisugars-PgP.com
Karaipoondi Village, Polur,
Tiruvannamalai Oistrict - 606 803.
Ph : (04181) 223161 , 223162,223170Fax : (04181) 223330
Email I dharani2@dharanisugars-pgP com
Kalayanallur Villag€, Thiyagadurugam,
Pallangach€rry Post, Kallakudchi Viq
Villupuram Diskict - 606 206
Mobile : 94422 56138
Email : dharani3@dharanisuga6-Pgp com
sta&rncnt ot standalone audltad financbl rGaltt! to. the quatter tnd le{ endad M..ah 31, 2018 undet lnd A5
Sales / Income ttom oPetations
in inventotles of finished 8oods, wotl inprogfelr and ttocl in trada
Grclotlo|r.l ltdnr.nd t t l:tiu
ProQv(lortl betor. t t (3+51
ior tha perlod trom conttnulnt
/ llotr) fron dlicondruad oPar.tl'ont
eroenr of dlgcontinued oPerations
/ {loss) lrom dlrcontinuad oPa,atlonl (.tter
fo. rh! p€dod (11+12,
aompraltcnthe ln@fia , nat of In@m€ tati
(i) item5 $atwill not be recla3rified to profttor
(li) iftom€ tar .elating to items ttut will not be
lil items that will be te.l.stlfi€d to profit qr lots
lil) income lar relatinS to items that will be
otal othe, @mprehenilve inaome, net ot income
comprehstrlve lncom€/(lo$l to. nl. period
Faae relue pet shate lRs)per share (Rs) {not annuallsed)
36,8i18.80
2,79r.712,435.21
7 2a2.752,287.@
32,5E4.29
1,8r'9.49
.625.812i93.4r)1,62&54
728.79
636.07
1,76a.27
574.45
6.2.u1,980-82
437.10
8,150.47
40.51
Lpn.70s89.41
,t:*62.-24
Dfiar.nt Sutart tttd ch.rnk.b unhrdRegd. Oficei "PGp Hoo5e", No.57 St€rllng Road, f'lun8arnbakkarn, Chennai 600 034
lel.No.91-a/L24311313, rex No.(D1"14-28232074, CIN' !1$21Ttt1987PtC@1{454
f mall: s€cretarialedharaniSuSatt{8p.com' Websitei www.dharanlsugals'n
Note9:
1 the above audited re5!lt5 for tne quanea and year €nded Mlacha 31, 2018 as teviewed and re(ommanded by the Audit 'ommittre
of the Sotr'l' ha5 been
.pprdred bY dre Boa.d of Directo6 at its meetint held on May 2& mU
2 Th€ staGment h.s been prep.red in accordance with the co6pani$ (tndtan AccountinS standardi) Rules, 2015 (lnd As) prercrlbed under i€ctlon 133 o{
the companiei Act, 2ot:l and otnet aecognlsed accounting piacuces and policiel to the extent applicable E€8innin8 April 1' 2016 th€ companY hai for the
first dm; adopted lnd A5 wilh e tranlitlon d.t€ ofApril 1, 2015'
3 Post tne applkabilitY ot Goo{tt an6 servise! Tat lcsTl with etfecl from July 1' lo17' revenu€ Aom ope6tions ate requir€d to be dis'loled net of GSt in
accord.o.ew|ththerequ|leln€ntioflndAs.Atco'dinsly,ther.venuefromope'aionsfo'thequanerandtwelvemo.th'endedMa.ch31,m18arenotcompaaable with the Goneigonornt pteYiouJ quarter and twelve ntontfu ended March 31, 2017 In th' above financial lesults which ite reported inclus&e
4 The figu.er for t'|€ quaner ended Mtrch 31, 2018 .nd Mrrch 31, 2017 are the balanci'8 fiSutet betrv€€n
year aid umudlted wllished figures in resp€ct of the flnancial reiult! upto the third cuaP?fH:SKcj
of exclie duty.
5 The format for unaudiled quartedY rcgult5 rs p'€tcrlbed in sEBls Ci&ular
witltthe r€quirements of SEB|'5 .ircular dated luly 5 2016,1nd As and kh€dule lll
thatare tequired to comply wlth lnd AS'
unaudited fi8lre, in rcspect of the full finanaial
financialyea.i.
30, 2015 has beed modlfled io compry
Act, 2013, which are apPlicable lo Compani€s
60,964.751,832.65
0,06
2,643,95386.40398.71
t5sattProperty, plant and cqulpment
c6pltal work in prog€lslotangible a5seB
Finlncialasi€t5lovestments
Other finarchl assets
Other non{urrent a'setsDcf.r,ed tar a5$tt
85stt3lnvento.ies
Financial a3s€t5
Trade r€ceivableE
Crgh .nd carh equkalentjBank balsoces other thtn above
Oth6a flnancial aiset3olher current assett
TotalAJsctt.nd lhbllhlct
Equity shat€ caplt lOther Equlty
uabilitlesFinrncial llabilitici
8o.rowhg5Other ff nanclel llrbilities
Provisbnsll.bllltl..
Fin.ncbl lhbflititsBor.owhgsTrad€ pay.bles
Other tlnancial li.bilitiesOther cunent ll.bllltFrShgn Term P.ovislons
60,429.13
2,857.t1287.24
4L3.42
14690.20
4560.1s251.69
L.215.7519.72
699.35
22,57tJ6
5,W.79348.243t3.45u.77
23,855,4531.49
447.72
20,6W.91
12,917.09
15,855.84
30,806.6r34.58
496.10
20,554,457,711.01
4,O32.23
L4,5A0.27
'4
th€ Co.npanv ha! o.!fni*d tha bat aas trrta tbaee ia{n€nt3 vir. Suga,, Dbt ery and Powlr. This repo.tinS conplies Yri$ th! hd AS r.tnenr taportingprhciPle!
th|r reaonoliatbn it tement hri becn providad in accordance dth alrcubr CIVCID/FAC|/2()15 issued by SEE dat.d J|lV 5, 2015 onaacount ofimolem.nt tbn of hd aS by ligt.d companh!
Ohar.d Sw.6.nd Chtlnl.ak g|nllad
PL€ei Chcnnai
fr.!o I Mry 28, 2018
'-lk Pdanl6 Parla5a|ny
Erccuttue Chairman
olN : 00081002
lhrta northa .|rdldr,1.'dt ,2gll
{Audltcdl
Oaarrnbrr 3f, 2017
{Un udhedlt.rch3t201t
{Audh.dl
rr.dr 3t !lt1t( sdit dl
M.rdr 31, t0lt(A'rdh.d)
Salrne'rl Barnn||..ls{4a.blotrt.lky
d.Un.foaat€dTotalt.rs: lnt r Slrrn€nt ReEnu€
5,950.80
2,23/..78
1,008.011,35613
to,5a9,722.073.93
Lt 194.77
955.02
984.24t32.r7
B,a56,At,460.74
16,885.m
\L87.772,689,11
92.97
21855.073.297.58
{2,$5.058,550.47
3,451.79
1,75&24
56,65',l.556_133.54
48,511,127,447,19
s,472,0479.@
61.90931t *tt-00
Ra,enua |tom oDara$on, (l{*} 8.473.79 12,@5.45 18.558.19 50,s34,02 54.021.91
Satnatil Ra.rrlsProfit (+l / to5r {.} bcto.e trl .nd lifihce co3t
.l5u8atblDinelklc) Po,re.d-unrllot,le.l
{4,0s2.201
355.39
1t76.7211.355-13
(s7z41l
It87.25)143.583i2.17
2,949.27
539.49
1,016576t.ao
(a,160.671
t 5&).16' t26.871
1_7S8.24
2,222.97
1,95,r.{O1,17t SL
55.23
fotalMd/b33: tltr.|le ConPro$t /(tor5l from @ntktuint oPention5
Proftt/l(o3sl fro6 ditaontlnuing operallotsPmft llorrl Sdor! T.r
(2,S17.40i
Lgn.-7O
la 4!15-101
(283.81)
1,980.82
12.26l!.531
4573.E31764.27
2m!s6
t840.14l7,628-58
18.{68.721
5,7?!.777,rt2.73
7.7Li1.5S4,&ll
t.tmlnl Aaralsal Su€a.
blUstlllryc) Powetdl oth.r un:lldcrble caraorate a3pts
56,550.S814,195.481405.r3
797.21
58,138.73
14,110.8014,949.9O
1.710,97
s4980.0518,697.6819,337.21
490.20
56,[email protected],195,48
1{,605.11297.24
55,980.0518,697.58
19,337.218E),20
total rttata 85,638.43 88,9r0.42 95,905.14 85,55&43 95.905.14
$tm.trt UabllnlttlSutarb)oisrellry
dl (Nher m:llocable co.!o6te liabflitles
42.0C'.052,451.43
8,530.95
38,066.712,362,52
8,310.92
37,003.112,9{0,407,685.30
42,Otl052,1tL43&9!0.95
37,003.11
2,940.407,685.30
lot l fi.btrdra 52.99!.43 4&160.15 47_628.81 52.991.43 47,62841
Oplr.l Employad {s.3n.nt irl5alr-5rtr,|r.ntrlSr4rrbl Oilte!,l
t4J5Ls311,t4{.056.074.L4
20,072,411,72&285.63&94
r9,975.94ls,757.2411.651.91
'14,55L53
11,74{.0S5.07tla
19,976.9415.rS7.2811.551.91
fotel aroltal !r|,bwd In t€am€ntt 32359.75 38,439.30 47.386.13 32,369.t6 47,386.t3
tln [ocabla corDonte tets htr ao.Dorata liabiliti€s 8r.21 1,710,9 8$.20 29t.21 890,20
rotil C.olbl CrnDlovlrt 32,65'r.m 40,150.2, 44.27433 12.66'7.@ 48,276.33
IPGP GROUP
Dharani Sugars and Ghemicals LimitedRegd. Office 'PGP HOUSE", (old No.57) New No.59, Sterling Road. Nungambakkam,
Chennai - 600 034. Tel. : 28311 313. 28254176. F ax . 2823207 4. 28232076
Email :[email protected], finance@pgpgroup. in, secretarial@pgpgroup. in
Website : www.dharanisugars. in
CIN No.: 115421TN1987P1C014454 TIN No.: 33061502443 CST No.. 818529/19.11.87
DsC[\Results Reg-33(3) \2018 28.0s.2018
BSE Ltd
Corporate Relationship Department,
First Floor, New Trading Ring,
Rotunda Bullding, PJ Towers,
Dalal Street, Fort, Mumbai 400 001
National Stock Exchange of India Limited
Exchange Plaza, sth Floor
Plot No.C/lG Block Bandra - Kurla Complex
Ba ndra East,
Mumbai 400 051
Dear Sir,
Sub: Disclosure under Reg'30 read with Sch'lll
Requirements) Regulations, 2015
Part A.Para A.4 of SEBI (tisting Obligations and Disclosure
Ref: Declaration under 2" proviso to 3xd) - code - 501442
As required by 2"d proviso to Reg.33 (3xd) of sEBl (Listing obligations and Disclosure Requirements) Regulations,
2015, the company hereby declares that the statutory Auditors have in their audit report furnished an
unmodified opinion on the Standalone financial results for the year ended 31" March 2018.
This is for your information and record.
Thanking You,
Yours faithfully,for Dharani Sugars and Chemicals
,p.-fi"ryCompany Secretary
K}ora lP
K9/
ffiffi
Ohafani Nagat, Vasudevanallur,
Tirunelveli Districl - 627 760
Ph: (046 ) 24137013711372
Fax : (04636) 241578
Email : dharani'l@dharanisugars-pgp,com
Karaipoondi Village, Polur,
Tiruvannamalei District - 6Cl6 803.
Ph : {04181) 223161, 223162,223170
Far : (04'l81) 2233it0
Email : [email protected]
Kalayanallur Village, Thiyagadur'rgam,
Pallangachorry Post, Kallakurichi Viq
Villupuram Diskict - 606 206
Mobile : 94422 56138
Email : dharani3@dhdanisuga6-PgP com
CNGSN & ASSOCIATES LLPCHARTERED ACCOUNTANTS
Flat No.6, First Floor, Vignesh Apartmenls, North Avenue,
Srinagar Colony, Little Mount, Chennai - 600 015.
fel : +9144-22301251 , Fax: +91444554. '1482
Web : www.cngsn.com ; Email :[email protected]
1.
llPage
CHINNSAMY GANESANB.Com., FCA, DISA (lCAl)
S. NEELAKANTANB.Com., FCA
R. THIRUMALMARUGANM.Com., FCA
B. RAMAKRISHNANB.Com., Grad. CWA, FCA
V. VIVEK ANANDB.Com., FCA
K. PARTHASARATHYB.Com., FCn
Dr. C.N. GANGADARAN8.Com., FCA, MBll,4 (Lond.), Ph.d.
G. CHELLA KRISHNAM.Com., FCA, PGPl,4
D. KALAIALAGANB.Com., FCA
E.K. SRIVATSANB.Com., FCA
NYAPATHY SRILATHAM.Com., FCA, PGDFL4
|ndependentAuditors'Repo'tonQuarter|yFinancia|R6u|tsandYeartoDateR€u|boftrl/i Onlrani Sugars and Chemicals Limited iursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations' 20,|5
The Board of Directons
Dharani Sugars and Chemicals Limited
Chennai
we have audited the quarterly financial results of Dharani sugars and chemicals Limited (the
.company") for the qua(er and-year ended March 31, 2018 which are included in the accompanying
'St.tu..,it'ot lrOit.d Financial Results for the quarter and year ended March 31, 2018' together with
tne-notes tnereon (the "statement" or "lnterim Financial Information'). The statement has been
prepaieO OV the Company's Management pursuant to Regulation 33 oJ the SEBI (Listing obligations
lni-Oi..toirt Requiiemlnts) neiutations, 2015 (the "Liating Regulations, 2015') and SEBI Circular
dated July b, 2016; which has bdn initialled by us for identification purposes, The Statement is the
responiidfity of tne Company's Management and has been approved by its Board of Directons. This
sratement -has
been prepared by -lhe
management in accordance with the recognition and
measurement principles laid down in tnO nS 34'lnterim Financial Reporting' prescribed under-Section
ialot m Corp.nies Act, 2013 and other accounting principles generally accepted in India. Furlher'
tha 1t.nrg...nt is also responsible to ensure that thi accounting plicies used in preparation of this
Statemeni are mnsistent wth those used in the preparation of the Compan/s opening balance_sheet
is at April 1, 2015 prepared in ac@rdance with ihe Companies (lndian Accounting Standards) Rules,
t0i5 (trd ist p"i.,turo under section 133 of the companies Act, 2013 and other recognised
accounting practices and policies,
our responsibility is to express an opinion on the financial results based on our audit of the aforesaid
Statemenv interim financial information
we conducted our audit of the statemenu interim financial information in accordance with the standards
o, fuOiti.S ,p..m.d under Section 143 (10) of the Act. Those Standards rEuhe that we comply wlth
ethical req-uirements and plan and perform the audit to obtain reasonable assuEnce about whether the
Statement/ interim financial information is free from material misstalement'
An audit involves performing procedures to obtain audit evidence about the amounts and the
disclosures in the Statemenu intenm financial information. The procedures selected depend 0n the
audito/s judgment, including the assessment of the risks of material misstatement of the statemenu
interim financial information, whether due to fraud or error, In making those risk assessments, the
auditor considers intemal financial conlol relevant to the company's preparation of the statemenu
interim financial information that give a true and fair view in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the appropriateness of the/IjyzY/ f ,r<a
wCNGSN & AssodaiBs LLP, I umited Llsbility Pahorship with LLP ldontity t{'o'AAC+o2
Rogd. Omc6 : Aeastyst ilsnor, No20, R8!a St€et, T.Nagsr, Ct|gnnsi - 600 0t7Oficosst: . ChcorC . Vsllqr . Rductprry' li/d€r8bad
#
CNGSN & ASSOCIATES LLPCHARTERED ACCOUNTANTS
Flat No.6, First Floor, Vignesh Apartments, North Avenue,Srinagar Colony, Little Mount, Chennai - 600 015.
rel . +9144-22301251 ', Fax: +91-444554 1482
Web : www.cngsn.com ; Email : [email protected]
For CNGS}I & Associat6 LLP
Chartered AccountantsFirm Registration N0,0049155/ S200036
lrl a(_.Jn7f5* c,^u*
(cH['lNs4MY GANESAN)Partner I
Membenhip No. 027501
Place: Chennai
Date: May 28, 2018
CHINNSAMY GANESANB.Com., FCA, DISA (lCAl)
S. NEELAKANTANB.Com.. FCA
R. THIRUMALMARUGANl/'l,Com., FCA
B. RAMAKRISHNANB.Com.. Grad. CWA. FCA
V. VIVEK ANANDB.Com., FCA
K. PARTHASARATHYB.Com., FCA
Dr. C.N. GANGADARANB.Com., FCA. MBIM (Lond.), Ph.d.
G. CHELLA KRISHNAM.Com., FCA, PGPM
D. KALAIALAGANB.Com.. FCA
E.K. SRIVATSANB.Com., FCA
NYAPATHY SRILATHAN.4.Com., FCA, PGDFM
accounting policies used and the reasonableness of the accounting estimates made by the Company's
directors, as well as evaluating the overall presentation of the Statemeny interim financial intormation.
We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our
audit opinion on the StatemenU intenm frnancial information.
In our opinion and to the besl of our information and accoding to the explanations given to us, the
aforesaid Statement of audited financial results for the quarter and year ended March 31, 2018
(a) are presented in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated July 5, 2016; and
(b) give a true and fair view, in conformity with the accounting principles generally accepted in India' of
the net profit and otherfinancial information for the quarter and year ended March 31, 2018
We draw attention to the following matteF:
(a) Note 2 to the Statement which states that the Company has adopted Ind AS for the iinancial year
commencing from April 1, 2016 and accordingly, the Statement has been prepared by the
Company's Management in compliance with Ind AS.
(b) The financiat statements of the Company for the year ended March 31, 2017 prepared in
accordance with the (lndian Acmunting Standards) Rules,2015,as amended, and other accounting
principles generally accepted in India, were audited by another firm of chartered accounlants under
ihe iompinies Act, 2013 who, vide their report dated May 29, 2017 expressed an unmodified
opinion on those financial statements.
Our opinion is not qualified in respect of these matters.
P\?, llol( crrruruer ;*%#
2lPage
Ofics€ at: . Ch€.n8i. VoIo|t . hrduchofiy ' tlyd€€b€d
CNGSN & Assodatos LLP, a Umibd Usbiliv Psrbo,ship wih LLP tdontity l'b'AAc{4{}2n"gd. otr"" , Ag""ty"t M8tpr, No.20,
'ttts s-!sat' T.Nqar, Chsnai - 600 017