Mipco Seamless Rings (Gujarat) Ltd.Rcgd. Oflice 34 Co.pus Techlo park, AVS C.mpourd, 46 block! Konmangata, Bangalorc, Karnaraka-560034

cIN: L72900trAl980PLC08058lw.mipco.€o.in

ToThe Manager- Listing DepartmentBombay Stock Exchange1't f loor, Rotunda Buildin&Phiroze Jeejeebhoy Towers,DalalStreet,Mumbai- 400001

Date: 13.02.2017

SUB: - Outcome of Board MeetingScrip Code: - 505797

Dear Sir,

With reference to above cited subject we wish to inform you that the meeting of Board ofDirectors of Mipco Seamless Rings (Gujarat) Limited have considered and approved Un-AuditedStandalone financial results for third quarter of f inancial year 2016-77, ended as on 315tDecember, 2016 in accordance with Regulation 33 of SEB| {Listing Obligations and DisclosureRequirements) Regulations, 2015.

The board also noted the resignation of Mr. Sanjiv Kumar Tandon as compliance offjcer of thecompany.

The meeting commenced at 2.OO p.M and concluded at 5.45 pM

You are requested to take the same on record,

Thanking You

For MIPCO SEAMIESS RINGS (GUJARAT) LtM|TED

A-l':'U m v

SANJIV KUMAR TANDONDIREcIOR, DIN:02579261

CorP. Offre:Ilor No.82, Abbm H.igh's, Door No.t-80/40/Sp/82,Sjtpd Layour, Hi-rech CiN, tet: u,ru-ju.d ?J05,G:.chibowU! Serilibgdp.tly. HydeEbad-50008t

Fa* 040-30?8 7314

l

GANESHVENKAT & Co..Chartered Accountants

Fiat No. 402, Ramkishen Residency6-3-609i 150, Anand Nagar, Khairatabad

Hyderabad - 500 004Ph: 040-23396879, 66836879, 66838437

Fax ; 040 - 23318437emailr rajavenkatg @ ganeshvenkat.com

LIMITED REVIEW REPORTTo The Board of Directors,NVS. MIPCO SEAMLESS RINGS (CUJARAT) LIMITED

"We have reviewed the accompanying statement of lln-audited standalone financial results

I\4/S. MIPCO SEAMLESS RINGS (GUJARAT) LIMITED for the quarter and nine months ended

31"t December,2016" except for the disclosures regarding 'Public Shareholding' and 'Promoter and

Promoter Group Shareholding which have been traced from disclosules made by the management but

have neither been reviewed nor been audited by us. The statement has been Prcpaled by the comPany

pursuant to Clause 41 of the Listing Agreements with the Stock Exchange in India, which has been

initialed by us for identiJication purpose. This statement is the responsibility of the comPany

management and has been approved by the board of d ectors/ Audit committee Oui resPonsibility is

to issue a ieport on these financial statemmts based on our review.

We conducted our review in accordance with the standatd on Review Engagement (SRE) 2410,

"Review of Interim Financial Information Performed by the lndependent Auditor of the Entity" issued

by the Chartered Accountants of India. This standard requires that we Plan and perform the review to

obtain moderate assurance as to whetler ihe financial statements are free o{ matedal misstatements.

A review is limited primarily to inquiries of company personnel and analytical procedures aPplied to

financial data and thus provide less assurance than audit. We have not performed an audit and,

accordingly, we do not e\press an audil oPinion.

We have only taced the disclosutes regarding 'Public Shareholding' and 'Promoter and Promoter

Group Shareholding' in the statement from the disclosures made by the Managemmt and ale,

dlerefore, not expressing a review opinion thereon.

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

accompanying statement of unaudited standalone financial results prepared in accordance with

accounting standards referred to in Rule 7 of the companies (Accounts) Rules, 2014 and in resPect of

section 133 of the companies Act 2013 and other lecognized accounting Practices and Policies has not

been disclosed the inJormation required to be disclosed in terms of clause 41 of the Listing Agreement

including the mamer in which it is to be disclosed, or that it contains any material misstatemmt.

For \,Vs GANESH\TENKAT & Co.,Chartered AccountantsFiim-Regd.No. 0052935

e'/ \ \ lv.[

) \{d*)e"J*tI

G. RAJAVENKATPalhler

Membership No.025014Place: HyderabadDale:1,3.02.2077

HEAD oFFICE: No. 9-D, Kamalabai Street,T,Nagar, Chennai - 600 017Phone : OO91-44-281 5 5209, Telelax:2815 5483, email:kousik@vsnl.com

MIPCO SEAMLESS RINGS (GUJARATJR€gd Ofi:#34, corpusT€chno Park, AVS compound,4th Block,

Corp Offr Plol No. 82, abburu Heighfs, Door. Norl-80/40/SP/82,silpa layoutCtN: L72900KA1980PLC080581

L||l,lTEDKolamangala, Baf, saloro-560034Hl- t .chCi ty , Gacchibowl l ,Hydorabad-500081,

2016UNAUDITED FINANCIAL RESULTS FOR THE ENDEO

(Amounl Rs In Lakhs)

NO.31.12.16 30.09 .16 31.12,15 31.12.15 31.12,15 31.03_2015

1g. i i

1

2

3

6

7

891 0

1 1

1 2

1 5

t 6

1T

19. i

1 8

a) Nel Sal€ / Income rrcm Operations (Excluding Branch IIransred (Ner ofExcise outy) lb) Other OpeGtins lncomeIotal lncome from oFratlons {not)

Exponsesa, Cost oi Material Consumedb, Purchase oi Slockjnlradec. Changes in invento es of linished soods, wo*-in-progrcssand stock jnlladed. Employee beneiis expensee. Deprecialion and Amorlisation expense

Profit / (Lo*) from Operations before oth€r lncoms, tinanacecdts and oxcoptlonallbms {l - 2)

Profit / (163) frcm odinary activitie3 before linanc. costsand €xc€ptlonal ltsms (3ta)

Prorit / {Loss) fiom ordinary actlvlti€s aner rlnanc€ costs butboforo oxceptional lt€m3 (516)Ex@plional ltems - Expenditu€ / (hcome)Profit / {LGs) fiom Ordinary Activities b6foE tax {7 I 8)

N.t Profit / (Loss) fiom Ordinary Activities after tax (9 i 10)

Exlrao.dinary items (Net ol Tax expense Rs. Nil)N€t Profit / (LG3) for th€ p6riod (11 112)Sharc or plofll/ (loss) of associates

Net Protit / (Loss) afr€r taxes, minority interest and 3hare ofprctit/{lGs) ofassociates (13 + 14 + 15}Paid-up Equity Sha€ Capital (Face Value Rs.101each)

ReseNes Excllding Revalualion Reserues as per Balance Sheetof previous accou.iing yearEahins PerSha@ (bofore ext aordinaryitems- not

(b) Difuied

Earning P€r Share {aft€r oxt.aordinary itoms - notannuatised)

(b) Dilured

0

4074.07

(4.071

(4.07)

14.07)

t4.o7l

(4.07)

(4.07\

:

(4.07)

358.48

,00

(0.20)(0.20)

(0.20)(0.20)

oro

:1 .04t,04

(1.04)

{r .04)

(1.04)

(1.04)

(1.04)

(1.04)

:

{'r.04}

358.48

(0.11)(0.11)

( 0 1 1 )( 0 . 1 1 )

o.oo

,.gu1,98

(1 .98)

(1 .98)

(1 .98)

rr.*j

{1.98)

(1.98)

(1.s8)

358.48

(0.r4)(0.14)

(0.14)(0.14)

0,00

8.458.45

(8.45)

(8.45)

(8.45)

{8.45)

(8.45)

(8.45)

(8.45)

358.48

(0.32)(0.32)

(0 32)(0 32)

0,00

,a ,n13.39

(13.39)

(13.s9)

o3.39)

(r3.39)

{13.39)

.

(13.39)

358 48

u..*i

(063)(0.63)

(0.63)(0.63)

0,00

't 9 7 519,75

o9.75)

(19.75)

(19.75)

r,r.rui

{19.75)

rtr.tai

{19.75)

358.48

(584.58)

(0.89)(0 89)

(0.89)(0.89)

2 021,078

NIL

NIL

NIL

1,563 722

100 00

43 62

2.021,4-7456 38'/o

NIL

NIL

NIL

100.00%

43 62./o

2.021 A7A56 38%

NIL

N IL

N IL

1,563 722

100.00%

43.62%

- Number ofShales- Perenlage ol Sha€holding

Promoter and Prornotor Gro!p Shar.holdlng

- Percenlage ofShareholding (as a o/o of ihe loialshareholding of promoter and pfomoter group)- Percenlage ofShares {as a % oflotalshare capilalol lhe

- Percentage of shares (as a % ofloral sha€holding ofprcmoler and promolels groLrp)- P€rcentage ofshafes (as a % oftolalshare capitalorlhe

2,421,07856.38%

1,563,722

100.00%

43.62%

2,421,0T456.38%

NIL

NIL

NIL

43.62%

2.021.07856.38%

100.00%

43 62%

NIL

NIL

NIL

3 [ ' IONTHS ENoED 31.12.2016

NVESTOR COII/IPLAINTS

'1

23

]ENDING AT THE EEGINNING OF THE OUARTER]ECEIVEO DUR NG THE OUARTER)ISPOSED OF OURING TI-IE OUARTER]EMAIN]NG UNRESOLVEDATTHE ENO OF THEQUARTER

N LN LNILN IL

, rhe above.esuliswere reviwed bylhe Audil Commiflee a.d approved in lhe meeling oi lhe Board oi Dnedors ol lhe Company held on 13lh Feb,'' 2017

2. The ngures have been Egroupedftearcnged wherever ne@ssary lo conli.m lo lhe per od ended resllls

Status oiinvesto/s complaintsr Pending at the beginnlng ofrhe quarier NLL, Complants received during theyear and dsposed ofidunng the

3 quaner-NlL, Pend ng al lhe end ofthe quaner -NlL

4 Conlingenl liabiily @mprising ofcumulaiive preference dlvidend and lax lhereon has been considered lor calculalins ol EPS

5 The company's abilily lo conlinue as golng concern is dependentupon €slructuring and/orevolvng new business slralegies and financial Liab I I es

6 Since there werc no operalions during ihe yearlhe disclosure oisegmerl information as perAS 17 i3 nol applicab e

Date: l3 lh Feb,2017For M PCO SEAMLESS R NGS (GUJARAT)LTD

DIRECTOR (D N: 02579261)

pco Seamless Rings (Guiarat) Ltd.Regd. OtEe:34,Co.pud Te.bno pa*, AVS Cofrpound, 4,h blocL, Kodm.ngala, Bangalorc,Kamataka-560034

CIN: L?2900KA1980PLC080581w.miDco.co.in

t o

The Manager ListingBombay Stock ExchangeCorporate Service DepartmentDalal Street Mumbai

Datet 1,3.02.20U

SUB: Disclosure under Regulation 32(3) SEBI (Listing Obligation and DisclosureRequirements) Regulations, 2 015.

Dear Sir,

Pursuant to the provisions of Regulation 32(3) of the SEBI (Listing Obligation andDisclosure Requirements) Regulations, 2015, Statement of deviation in public issue, rightissue, preference issue etc, for t}le quarter ended 31st December, 2016 was placed beforethe audit committee meeting for review, and the same is attached below after beingreviewed.

Kindly take above information on record.

ThankYou

Yours faithtully

FoI MIPCO SEAMLESS RINGS (GUJAMT] LIMITED

e\-')'/Mr. Sanjiv Kumar TandonDirector(DrN 02579261)

Corp. Ofiice Plot No.82, Abbutu Heights, Doo. No.1-80/40lsP/82,Silpa Layout, HFtech Ciry, lTett 040-30?8 ?30s,Cacchibwli, Se.ilingampaly, Hyd.6bad-s00081 |

lFax: 040-J0?r ? tl4

II

lMipco Seamless Rings (Gujarat) Ltd.Regd. Ofiic€: 34,Corpus Techno park, AVS Coopound, 4d blockJ Korama,gala, Bangaiorc,K.maraka_560034

CIN: L?2900(A1980PLC080581:w.mipco.co.in

IN PUB

ISSUE ETC.

Quarter endinE: 31st Decembef . 2016.

Deviation in the use of proceeds from the objects stated in the offer document ot exolanatorvstatement to the notjce for the general meeting:

NOT APPLICABLE- As there js no offer made by way of public issue, rjght issue, preference issue etc,during the quarterended 31't December, 2016.

Category wise variation

Particular Project Utilization of funds (as per offerdocument or notice ofgeneral meeting)

Actual Uti l ization of F!nds

CapitalExpenditure Not Applicable Not ApplicableSales and Marketing Not Applicable Not ApplicableWorking capital Not Applicable Not Applicable

The statement of category- wjse variat ion is also not applicable as there has been no offer made by wayof public issue, r ight issue, preference issue etg durjng the quarter ended 31sr December, 2016.

FoT MIPCO SEAMLESS RINGS (GUIAMT) LIMITED

kff-Y/Mr. Sanjiv Kumar TandonDirector(DrN 02579261)Datet 73.02.2077

2015)

H:;?*T;iH*:,i,?.fi},#eHeichts, Doo' No r-80/40/sp/82,sitpa L,rou,. Hi-(e.h ci.,,

]re,,040-30?8?305,

l fax: 040-10?8 ? 1r1