HIPqLIN LIMITEDCINiL2424OGJ1994PLCO21719 :

BEDG&EE A/1/1 NILKANTH IND.ESTATE,SANAND-VIRAMGAM HIGHWAY,NR.IYAVA EUS STAND, VIA. VIROCTiANNAGAR(P.O.), DIST. AHMEDABAD - 3A2170

CORP.OFF: 4TH FLOOR,MADHUBAN, NR.MADALPURGARNALA, EILISBRIDGE AHMEDABAD-3aOOO6.f el,to79-2544773oi E-mail :- hipolin@hipolin.com, csap€xapanchal@smail.com, Website: ww.hiDolin.comSTATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE OUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2017

(R5.In lakhs3 MONTHS ENDED SIX MONTHS ENDED YEAR ENDED

30-09-2014 30-06-2014 30-09-2017 30-o9-2014 30-09-2017 31-03-2018(unaudited) (unaudited) (Unaudited) (Unaudited) (unaudit€d) (Audited)

1

t€v€nuefrom ooerations 470.82 439,75 404.24 910.61 725,2t 1701.51II Ither Income 3.84 2.92 2.81 6.7t 5.3! u,2aIII Iotal Revenue (I+U) 474.66 442,71 411.05 9L7.37 730.55 t7l5,7L

:ost of Materials €onsumed 310.09 295.7C 332.65 605.79 399.2e 999.200.0c 0.0[ 0.0c 0.0c 142.7i 174.4C

:hanges in inventories offinished goods, work-in-fodress and sto.k'in-trade -7.32 (13.261 t39.s6) (20.5e) (32.10) (23.81)

0.0c 0.0c 0.0c 0.0c 7.9t 12.3iEmoloyee benef its exDense 42.0t 52.8C 83.61 105.38 233.6€Flnance Costs 0.69 o.72 0.8€ 7,41 z.7i 5.16DeDreclatlon and Amo(isation Exoenses 7.74 7.11 4.36 14.21 12,23 25.3:Other expenses 123.1€ 137.71 61.1C 254.Ai 99.5€ 384.51

475.19 464,t2 939.3r 777.52 1410.4!Profit/ ( Loss l before tax (Irl-rv) (0.s3) (21,4r) (11.17) (2t,94 (47.27) aEs-oE

VICurrent Tax 0.0c 0.oc 0.0c 0.0( 0.0c o.0c

0.oc 0.oc 0.00 0.0c 0,0c o.0cVII Profit/(Loss) for the Deriod after tax (V-VI) to.53l (21,4L) (11.17) (21.941 (95.091

Other comprehensive In.ome (OCt) o.3t 13,871 4.77 (3.49) (15.921 (11.4S

rotal comDrehensive hcome (IX+X) (o.15) (25,24 (5.461 (25.431 (63.191 (106.541

x Pald-up equlty share capltal (Face value of Rs. 10/- 313.1: 313.13 313.13 313.14

XI Earnings Per share (EPs) of Fas. 10 /- each (NotAnnuallsed) tIn Rs.)Basic (o.oo5l (o.a1l (o.21) (o.a1l (2.02) (3.401Dil!ted (o.oo5 (o.41 (o.211 (o.a1l t2-n>\ (3.40)

: November 05,2ola

For and on behalt of th€ Board of Dire.torqFor Hipolin Limited,

Shallesh J. Shah-ttanaging Oirecor

DrN tOO77755a

ptr%{e/ 10rs69w YFtl AHruroaaan lr

For, H L!M1TED

J- ShahDi recror)(ManaginB

:-

i'l'!'

2018

CIN:L24240cJ1994PLCO21719REDG.OFF: A/1/1 NILKANTH IND.ESTATE,SANAND-VIRAMGAM HIGHWAY,NR.IYAVA BUS STAND, vIA.

VIROCHANNAGAR(P,O.), DIST. AHMEDABAD - 3a2170COBEOEE 4TH FLOOR,MADHUBAN, NR.MADALPUR GARNALA, ELLISBRIDGE AHMEDABAD-3AOOO6.

A ASSETSl. Non-current assets(a) Property, plant and equipment

- (b) Other Intangible assets(c ) Intangible Assets under Development(d) Financial assets

(i) Investments(ii) Loans(iii) Other non current financial assets

ad) n.fer.a.l rrY .ccar<(e) Non-current tax assets (net)(f) Other Non Current Assets

2. Current assets(a) Inventories(b) Financial assets

(i) Investments(ii) Trade receivables(iii) Cash and Bank Balances(iv) Bank balances other than (iii) above(v) Loans(v) Other current flnancial assets

(c) Other current assets

EQUITY AND LIABILITIESEquity(a)Equity share capital(b)Other equity

B LIABILITIES1. Non-current liabilities(a) Financial liabilities

(i) Borrowings(ii) Other financial liabilities

(b) Provisions(c) Deferred tax liabilities (Net)(d) Other non-current liabilities

2. Current liabilities(a) Financial liabilities

(i) Borrowings(ii) trade payables(iii) Other financial liabilities

(b) Provisions(c) Retirement benefit obligation(d) Current Tax Liabilities (Net)(e) Other current liabilities

For and on behalfoflhe Board of

if ',.i'*!*t'")*IAHMFDABAD lr

M.NO. 033190

POLIN LIMITED

Eilesh l. ShahD i rect{)f)

for,

(Managing

I The above standalone financial results are prepared in compliance with Indian Accounting Standard ("Ind AS") as notified under Section133 ofthe Companies Ad, 2013 C'the Act) lcompanies (Indian Accounting Standards) Rules, 2015], as amended.

2The above standalone unaudlted financial results as reviewed by Audit Committee were approved by the Board of Directors at their meetingheld on 05th November, 2018, The Statutory Auditors have performed limited review of Company's Standalone unaudited financial resultsfor the quarter and half year ended 30th September, 2018.

3The Company is engaged in the business of manufacting 'Detergent Powder and Cake'. As such the Company's business falls within a singlebusiness segment of Detergent Powder and Cake, in context of Ind AS 108: Operating Segment.

4 The company has adopted Ind AS 115 'Revenue from contrads with Customers' w.e.f. 1st April? 2018. The adoption of this standard doesnot have any material impact to the standalone financial results of the Company.

5

Goods and Servlce Tax (GST) which was effedive from lst July, 2017 has replaced excise duty and certain other indlrect taxes. Inaccordance with the rquirements of Ind AS, revenue from operations upto 30th June, 2017 is inclusive of Excise Duty and revenue fromoperations from 1st July, 2017 is net of GST. Accordingly, the adjusted revenue from operations (i.e. net of GST and excise duty, asapplicable) for comparable purpose is as under:

(Rs, In Lakhs

PARTICULARS 3 MONTHS ENDED six Months Ended Year Ended

30-09-20la | 30-06-2014 I 30-09-20r7 3Ooe-2o18 | 3Ooe_2017 31-03-2014

Revenue From Operations ( Net of GST andExcise Duty, as appllcable) 439.79 | 404.24470.42 910.61 | 717.24 1689.18

E9

Place! AhmedabadDate! Osth November, 2018

For and on behalf of the Board of Directors,For Hipolin Limited,

Shailesh J. ShahManaging Director

DlNt OO777653

For, Hl IMITED

1. ShahDireqtor)

ll

leshanaging

Borkar & MuzumdarChartered Accountants

8/408, Premium House, Nr. Gandhigram Railway station;Ashram Road, Ahm-e-dabad - 3B0009

E-mai|:gunvant-k-otadia@yahoo.co.in.Te|'No.:079-26580401'26580412

2.

To The Board of DirectorsHipolin Limited

1.

3.

Place: AhmedabadDate : 05.11'2018

We have reviewed the unaudited financial results of HIPOLIN LIMITED (the "Company") for

fi; il;;;;;il h;ri yeir enoeo september 30, 2018 which.are included in the accompanyrns

'statement of Unaudited stuniufoti" nn*cial Results for the Quarter and Half. Year ended

;;#b;; io, zore' ltne "statement")' The statement has been prepared by.the company

;;ffi;;-dRt;ur"iioi' ts "r'l1l"tiii6i Exchanse Board of India (Listins oblisations and

il#;;"'-d;i;menis) negurition.. ZOrS lthe nListing Resulations. 2015"' whjch has-been

ililffi;t-i,; ror iaentirilailn plrpo."r. Th,e statement is the responsibility of the

t#;"';u,;'Mr*gement and r,i, o"6n ipp.ouud by the Board of Directors. our responsibilit)

i. io'itt,i" a repofo on the Statement based on our review'

We conducted our review in accordance with the Standard on Review Engagement (9lE)-21.10'

"Review of Interim Financial rnfot.ilion p"tformed by the-Independent Auditor of the Entity"

issued by the Institute of Chartered Accountants of India' This Standard requires that we plan

;1iil;il il" i"vi"* t, "utii"-nroi"rut"

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

uppi"J'io- finuncial data and thus' provide. less a-ss::"::: th"n an audit We have not

plilormeo an audit and accordingly, we do not express an audit opinion'

Based on our review conducted as above, nothing has come to our attention that causes us to

believe that the statement n* ""i-6""-ti

pi"p"ria in all .material aspects in accordance^with

the applicable Accounting st""i"iJi piutttio"'o under section 133 of the companies Act' 2013

and other recognised u..ounting biultices and policies and has not disclosed the information

required to be disclosed i" a"i"ir '"i n"s"luiion 'sa or tn" Listing Regulations, 2015, including

inJ runn"t in which it is to be disclosedl or that it contains any material misstatement'

For, M/s. Borkar & Muzumdar'Chartered Accountants

FRN: 1o3551W

-----;;Gunvant K. Kotadia

PartnerMembershiP No'103319O

Mumbai Office:211168, Anand Nagar, Om C.H.S., Nanand Nagar Lane, Off Neh-ru Road, Vakola'

santacruz (E), Mumbai - 400055 -.

E-mail : contact@bnmca.com ' Tel. No. :022 - 26691254