r

Encl: As Above

~ DOLLY KARIA COMPANY SECRETARY AND COMPLIANCE OFF

FOR COMFORT COMMOTRADE LIMITED

Thanking you,

Kindly take above on record.

This is for your information and records.

Kindly note that the meeting of the Board of Directors commenced at 6:20 P.M and concluded at 7:20 P.M.

Further, a copy of the Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended on December 31, 2019 along with the Limited Review Report issued by Mis Shyam Gupta & Associates, the Statutory Auditors of the Company on the aforesaid financial statement is enclosed below.

L The Board of Directors of the Company has considered and approved the Un-Audited Standalone and Consolidated Financial Results along with the Limited Review Report issued by the Statutory Auditor of the Company for the quarter and nine months ended on December 31, 2019 and affirms their satisfaction over the results of the Company.

This is to inform you that inter alia, the following is the outcome of the meeting of the Board of Directors of the Company held today:

Ref: Regulation - 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - (SEBI LODR) Comfort Commotrade Limited - 534691.

Sub: Outcome of the Board Meeting held on Friday, February 07, 2020

Dear Sir,

To, The Manager Department of Corporate Services, Bombay Stock Exchange Limited, Phirozee Jeejeeboy Towers, Dalal Street, Fort, Mumbai - 400 001

Date: February 07, 2020

CIN NO.: L51311MH2007PLC175688

Registered Office :-A-301, HETAL ARCH, OPP. NATRAJ MARKET, S.V. ROAD, MALAD (WEST), MUMBAI - 400064; TEL NO.: +91 - 22-2844 9765 I 2881 125912882 5509 / 2889 9462; FAX: +91 022-2889 2527;

E-mail : ipo-commotrade@comfortsecurities.co.in ; URL : www.comfortcommotrade.com.

COMFORT COMMOTRADE LIMITED

Based on our review conducted as above, nothing has come to our notice that causes us to believe that the accompanying statement of unaudited standalone financial results prepared on the basis of the applicable Indian Accounting Standard as specified under section 133 of the Companies Act, 2013 and other Accounting Principles Generally Accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirement) Regulation 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information performed by the independent auditor of the entity", issued by Institute of Chartered Accountants of India. This standard requires that we plan & 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 audit and accordingly, we do not express an audit opinion.

We have reviewed the accompanying statement of unaudited financial results (Standalone) of Comfort Commotrade Limited for the quarter and nine months ended on 31st December, 2019 . The Financial Statements is prepared by the company pursuant to Regulation 33 of the SEBI ( Listing Obligation & Disclosures Requirements) , Regulation 2015. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

Dear Sir,

The Board of Directors Comfort Commotrade Limited A-301, 3rd, Fir, Hetal Arch, Opp: Natraj Mkt. S V Road, Malad (West), Mumbai - 400064

Independent Standalone Limited Review Report

Date: 07 -02-2020

Chartered Accountants 11, Sukhsagar,CHS Ltd, Akurli X Rd-1 , Kandivali (E), Mumbai-400 101 E-mail: ca.shyamsundergupta@gmail.com , Tel: 28870869 Ref: SSG /ltd-review I Q3 / 2019·20

CA. Shyamsunder Gupta { B Com(Hon.), FCA, DISA (ICAI}

GUPTA SHYAM & Co

UDIN: 20038484AAAAAC1460

CA Shyamsunder Gupta Proprietor Membership No.038484

For Gupta Shyam & Co. Chartered Accountants ICAI FRN:103450W

SHYAMSLJNDER \i Digitallysignedby .f\SHYAMSUNDER GUPTA GU PT A . / Date: 2020.02.07 18:33:05 +05'30'

{i

Our opinion on the Financial Statement is not modified in respect of the above matter

Emphasis on the Matters: As informed by the Management the company has not provided gratuity liability for the period of nine months ended on 31st December ,2019 in absence of actuarial valuation report and opined that same will be provided at the end of accounting year and confirmed that it will not have any material impact on the results of this quarter.

4. This statement includes the result of its fully owned subsidiary, Anjali Tradelink FZE for the Quarter and nine months ended on 31st December, 2019, situated outside India and the same were not subjected to review I audit by their auditor .

2.This Statement, which is the responsibility of the parent management and approved by the Board of Directors of the parent, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind-AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on oJr review. I

3.We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 "Review 9f Interim Financial Information performed by the independent auditor of the entity", issued by Institute of Chartered Accountants of India. This standard requires that we plan & perform the review to obtain moderate assurance ak to whether the financial statements are free of material misstatement. A Review is limited primarily to inquiries 9f company personnel and analytical procedures applied to financial data and thus provide less assurance than aml1 audit. We have not performed audit and accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1.We have reviewed the accompanying Statement of Consolidated unaudited Financial Results of Comfort Commotrade Ltd. ("the Parenf') and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of profit/ loss and total comprehensive income/ loss for the quarter and nine months ended on 31st December 2019 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that consolidate figures for the corresponding nine months ended on 31st December 2019 as reported in this consolidated financial statement has been approved by the Parent Board but have not been subjected to review/ audit by their auditor.

Dear Sir,

The Board of Directors Comfort Commotrade Limited A-301, 3rd, Fir, Hetal Arch, Opp: Natraj Mkt. S V Road, Malad (West), Mumbai- 400064

Independent Consolidated Limited Review Report

Date: 07·02-2020

Chartered Accountants 11, Sukhsagar,CHS Ltd, Akurli X Rd-1 , Kandivali (E), Mumbai-400 101 E-mail: ca.shyamsundergupta@gmail.com , Tel: 28870869 Ref: SSG /ltd-review I Q3 / 2019-20

CA. Shyamsunder Gupta { B Com(Hon.), FCA, DISA (ICAI}

GUPTA SHYAM & Co

- ----------------------

UDIN: UDIN: 20038484AAAAAC1460

For Gupta Shyam & Co. Chartered Accountants ICAI FRN: 103450W

SH YAMS U N 1(, Digitally signed by },, SHYAMSUNDER GUPTA

DER GU PT Al· ~Bat~:. 2.020.02.01 1 s:29:o4 t·· +OS 30

CA Shyamsunder Gupta (Proprietor) Membership No.038484

Our opinion on the Consolidated Financial Statement is not modified in respect of the above matter

6. The consolidated unaudited financial results includes the interim financial statements/ information/ results of one fully owned subsidiaries situated outside India which have not been reviewed /audited by their auditor and whose interim financial statements/ financial information/ financial results has beenconverted and certified by the parent management which reflect total assets of Rs.582.64 lakhs, total revenue of Rs.74.28 lakhs and profit of Rs.20.47 lakh as considered in the consolidated unaudited financial results. We did not reviewed the interim financial result/ statement of the said subsidiary outside India and our conclusion is so far as it relates to the amounts and disclosures in respect of the said subsidiary is solely based on management certified conversion statement for the referred period.

5. Based on our review conducted as above and financial information certified by the parent management, nothing has come to our notice that causes us to believe that the accompanying statement of unaudited consolidated financial results prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirement) Regulation 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place : Mumbai Date :07 th Feb 2020

Ind-AS compliant comparative figures and reconciliation between Indian GAAP and Ind-AS for the quarter and nine months ended of the previous year have not been reviewed /audited by the statutory auditor of the company, however management has exercise due diligence to ensure that the fiancial results and the reconciliation provide a true and fair of the affairs of the company.

Deferred Tax Asset/Liability and gratuility liability shall be recognised at the end of the accounting year. As opined by the management it will have no material impact on the results of the quarter and nine month ended under review. The Company is operating in a single business segment. The consolidated financial results include the result of one foreign subsidiary i.e. Anjali Tradelink FZE{100%) The figures have been re-grouped I re-arranged I re-classified I re-worked wherever necessary to conform to the current quarter/year presentation.

Reconciliation between the orofit/lloss) as oer GAAP and as oer Ind AS for the auarters and nine months ended is as follow. Quarter ended Nlne Months

Particulars 31.12.2018 ended 31.12.2018 Unaudited Unaudited

Profit/(Loss) as per Previous GAAP (which have been subjected to Limited Review by the Statutory Auditors) 19.73 23.41 Add/(Less): Adjustments for GAAP Differences Adoption of Fair Market Valuation Model for Inventory 9.90 (22.42) Proflt/(Loss) as per Ind AS (before OCI) 29.63 0.99 Other Comprehensive Income Impact of Change in Fair Value of Investments Total Comprehensive Income 29.63 0.99

Notes: The above results are reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7th Feb., 2019 and limited review of the same has been carried out by the Statutory Auditors of the Company. The un-audited financial results for the quarter and Nlna Months year ended 31st Dec., 2019 are prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS), Interim Financial Reporting notified under provisions of Section 133 of the Companies Act, 2013 read with Rules made thereunder (including amendments thereof) to the extent notified and guidelines issued by Securities and Exchange Board of India (SEBI). The Company has adopted Ind AS w.e.f 1st April, 2019. Figures for the quarter and nine month ended 31st Dec, 2018 have been restated as required in terms of Ind AS. The statement does not include 1nd AS compliant results for the previous year ended 31st March 2019 and have not been subjected to limited review or audit, as the same is not mandatory as per SEBl's circular dated 5th July, 2016. However, the management has exercised necessary due diligence to ensure that the financial results provide a true and fair view of its affairs.

Sr. Particulars Quarto• Ended (Un-Audited) Nine Months Ended (Un-Audited)

No. 31-Dec-19 30-Sep-19 31-Dec-18 31-Dec-19 31-Det-18 l Net Sales/Income from operations

Sales of Shares 305.64 812.84 1140.56 1887.41 4518.92 Profit from F&O Trading and Non Delivery Transactions 220.42 333.88 90.14 647.68 247.87 Income from brokerage.etc 9.50 22.26 14.54 48.46 40.95 (a) Net Sales/Income from operations 535;55 1204.52 1245.24 2583.54 4807.74 (b) Other Income 5.68 2.49 6.13 16.08 17.77 Total Income (a+b) 541.23 1207.01 1251.38 2599.62 4825.52

2 Expenditure (a) Purchases & direct expenses 393.72 784.94 1301.58 2270.09 4780.64 (b) Changes In inventories of Stock-in-trade ·119.72 221.76 ·125.44 ·118.80 -65.18 (cl Employee Benefit Expense 24.48 22.09 23.00 64.49 65.67 (d) Finance Cost 0.31 1.28 0.84 4.95 2.71 (e) Depreciation & Amortization Expense 1.04 1.04 0.84 3.11 2.51 (f) Other Expenses 22.83 10.30 15.68 41.82 32.16 Total EKpendlture [a+b+c+d+e+f 322.65 1076.95 1216.50 2265.67 4818.52

3 Profit before Exceptional Items & Tai< (1-2) 218.58 130.06 34.88 333.95 7.00 4 Exceptional Items 0.00 0.00 0.00 0.00 0.00 5 Profit before Tax (3-4) 218.58 130.06 34.88 333.95 7.00 6 Tax Expenses

i) Income Tax 80.52 36.51 S.62 119.11 6.38 ii) Deferred Tax 0.00 0.00 0.00 0.00 0.00 iii) Tax of Earlier year 0.01 0.00 -0.36 0.01 -0.36

7 Profit after tax (S-6) 138.0S 93.56 29.63 214.83 0.99 8 Other Comprehensive Income (OCI)

(a) Items not to be reclassified subsequently to profit and loss - Gain/ (Loss) on fair value of equity/ MF instruments 0.00 0.00 0.00 0.00 0.00

9 Total Comorehenslve Income (7+8} 138.05 93.56 29.63 0.00 o.oo 10 Paid-up Eouitv Share Capital (Face Value Rs.10/- Each) 1002.00 1002.00 1002.00 1002.00 1002.00

11 Reserves excluding Revaluation Reserves as per Balance Sheet of 0.00 0.00 0.00 0.00 0.00 previous accountina vear

12 Earning Per Share (EPS) Basic '0.93 '0.93 '0.27 •0.11 ·-0.29 Diluted "'0.93 •o.93 '0.27 •o.77 •-0.29

'Not Annualised

COMFORT COMMOTRADE LIMITED

STATEMENT OF ST ANDA LONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 ST DEC., lOI 9 (Rs In Lakhs except EPS)

Place : Mumbai Date :07 th Feb 2020

Sr. Particulars Quarter Ended (Un-Audited) Nine Months Ended (Un-Audited)

No. ' 31-Dec-19 30·Sep-19 31-Dec-18 31-Dec-19 31-Dec-18 1 Net Sales/Income from operations

Sales of Shares 305.64 812.84 1140.56 1887.41 4518.92 Profit from F&O Trading and Non Delivery Transactions 220.42 333.88 90.14 647.68 24i87 Income from brokerage.etc 9.50 22.26 184.36 48.46 210.77 Sales 74.28 0.00 0.00 74.28 198.98 Commission Income 0.00 0.00 0.00 29.16 la) Net Sales/Income from operations 609.83 1168.99 141S.06 26S7.82 5205.70 (b) Other Income 5.35 2.82 6.19 16.08 18.61 Total Income (a+b) 615.18 1171.81 1421.26 2673.90 5224.31

2 Expenditure (a) Purchases & direct expenses 444.33 784.94 1301.58 2320.71 4780.64 lb) Changes in inventories of Stock-in-trade ·119.72 221.76 ·125.44 ·118.80 ·65.18 (c) Employee Benefit Expense 24.48 22.09 23.00 64.49 65.67 (d) Finance Cost 0.31 1.28 0.84 4.95 2.71 (e) Depreciation & Amortization Expense 1.04 1.04 0.84 3.11 2.51 (f) Other Expenses 42.39 17.48 161.30 68.56 239.18 Total Expenditure (a+b+c+d+e+f) 392.83 1048.59 1362.12 2343.02 5025.53

3 Profit before Exceptional Items & Tax (1·2) 222.36 123.22 59.14 330.88 198.78 4 Exceptional Items 0.00 0.00 0.00 0.00 0.00 5 Profit before Tax (3·4) 222.36 123.22 59.14 330.88 198.78 6 Tax Expenses

i) Income Tax 80.52 36.51 5.62 119.11 6.38 ii) Deferred Tax o.oo 0.00 0.00 0.00 0.00 iii) Tax of Earlier year 0.01 0.00 ·0.36 0.01 ·0.36

7 Profit after tax (5-6) 141.83 86.71 53.88 211.76 192.77 8 Add: Share of (Profit)/Loss of Subisidiary Company 9 Profit for the Period (after adjustment for Subsidiary (7 + 8)

10 Other Comprehensive Income (OCI) (a) Items not to be reclassified subsequently to profit and loss -Gain I {loss) on fair value of equity I MF instruments 0.00 0.00 0.00 0.00 0.00

11 Total Comprehensive Income (7+8) 141.83 86.71 53.88 211.76 192.77 12 Paid-up Equity Share Capital (Face Value Rs.10/- Each) 1002.00 1002.00 1002.00 1002.00 1002.00

13 Reserves excluding Revaluation Reserves as per Balance Sheet of

0.00 0.00 0.00 0.00 0.00 previous accounting year

14 Earning Per Share (EPS) Basic •o.93 •o.93 •0.21 •o.1i '·0.29 Diluted '0.93 '0.93 •0.21 •o.77 '-0.29 "Not Annualised

COMFORT COMMOTRADE LIMJTED

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RES UL TS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DEC., 2019 !Rs In Lakhs except EPS)