c*"' \ Nkc'

< (, MUMBAlia. Shruti Shah (Company Secretary)

Tilak Ventures Limited Reid Off: E/109, Crystal Plaza,

Opp. Infinity Mall, New Link Road, (Formerly: Tilak Finance Limited) CIN: I.65910MH1980PI,CO23000 Andheri (West), Mumbai - 400053

Tel : 022-61522222 I Fax : 022-61522234 I Email Id : tilakfin@gmail.com I Website : www.tilakfinance.com

Date: 30/05/2016

To,

The Bombay Stock Exchange Ltd

Corporate Relationship Dept,

1 5t Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalai Street, Fort, Mumbai — 400 001

BSE Scrip Code: 503663 Sub: Outcome of Board Meeting

Dear Sir,

This is to inform you that a meeting of the Board of Directors of the company was held on Monday,

30` n May, 2016, at the Registered Office of the Company at E-109, Crystal Plaza, New Link Road,

Andheri (West), Mumbai — 400053 at 03.30 P.M. The Board considered and approved the following:

1. Audited Finandal Results with Notes and Audit report thereon for the quarter and year Ended

on 31st March, 2016.

2. Appointed Mrs. Shaan Amit Gulecha as an Executive Director of the Company, who will hold

office up to the next Annual General Meeting of the Company.

3. Appointed Mr. Hardikkumar Bharatbhai Kabariya as an Additional Director of the Company

under Independent Non- Executive Category, who will hold office up to the next Annual

General Meeting of the Company.

4. Took the note on Compliance done as per LODR, Regulation 2015 for the quarter ended

31.03.2016.

Kindly take into your record

Thanking You

Yours Faithfully

For Tilak Ventures Limited

Encl: a/a

Form A (for audit report with unmodified opinion)

1 Name of the Company M/s Tilak Ventures Limited

(Formerly Tilak Finance Limited)

2 Annual financial statements for the year

ended

31St March, 2016

3 Type of Audit observation Unqualified

4 Frequency of observation Not applicable

5 To be signed by-

• Girraj Kishor Agrawal

(Managing Director)

• Hiteshi Rajendra Shah

(CFO)

• Pravin Chandak & Associates

CA Pravin Chandak

(Auditor of the Company)

• Swati Shinde(Audit Committee Chairman)

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:s 07 3./Reg No. 'Jlo \

i 1-- i 116627 ()))

.\ Murnba /

Chartered Accountants

Auditor's report on Quarterly Financial Result and year to date Result of of Tilak Ventures Limited (Formerly Known As Tilak Finance Limited) pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations,2015.

We have audited the accompanying statement of Standalone Financial Results of TILAK VENTURES LIMITED (formerly Known As TILAK FINANCE LIMITED) ("the company") for the twelve months ended March 31,2016 ("the statement"), being submitted by the company pursuant to the requirement of Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.This statement, which is the responsibility of Company's Management and approved by Board Of Directors, have been prepared on the basis of the related financial statements which is in accordance with the Accounting Standards specified under section 133 of the Companies Act,2013,read with Rule 7 of the Companies(accounts) rules,2014 and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement.

1. We conducted our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentations of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

2. I n our opinion and to the best of our information and according to the explanations given to us, the Statement:

403, 4th Floor, New Swapnalok CHS Ltd., Natakwala Lane, Borivali (West),

Mumbai - 400 092. Tel : 2801 6119 Email : info@pravinca.com

Website : www.pravinca.com

i. is presented in accordance with the requirements of Regulation 33 of the SEBI(Listing Obligations and Disclosures Requirements)Regulations,2015;and

ii. gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the fifteen months ended March 31,2016.

3. The Statement includes the results for the Quarter ended March 31,2016 being the balancing figure between audited figures in respect of full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Pravin Chandak and Associates Chartered Accountants (Registration No. — 116627W

Pravin Chandak Partner Membership No. 049391

Mumbai 30th May, 2016

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General information about company'

Scrip code 503663

Name of Coin pan y Tilak Ventures Limited

Result Type Main Format

Class of security Equity

Date of start of financial year 01-04-2015

Date of end of financial year 31-03-2016

Date of board meeting when results were approved 30-05-2016

Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-05-2016

Description of presentation currency INR

Level of rounding used in financial results Lakhs

Reporting Quarter Yearly

Nature of report standalone or consolidated Standalone

Whether results are audited or unaudited Audited

Segment Reporting Multi segment

Description of single segment

For TILAK VF .,ITURES LIMITED

\rl\A Aiithoriseci Signatory

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Quarterly & Ilalf Yearly Finar.0,11 Result tri CompanieK Other than Banks

Particulars 3 months

ended (dd- mm-yyyy)

Previous 3 months

ended (dd- mm -YYYY)

Co:responding 3 months ended in the previous year (dd-

mm-yyyy)

Year to date figures for current period ended (dd-

mm -YYYY)

Year to date figures for

previous period ended (dd-mm-

YYYY)

Previous accounting year ended (dd-mm-

YYYY)

A Date of start of

reporting period 01-01- . 2016

01-10-2015 01-01-2015 01-04-2015 01-04-2014 01-04-2014

Date of end of reporting period

31-03- 2016

31-12-2015 31-03-2015 31-03-2016 31-03-2015 31-03-2015

, Whether results are audited or unaudited

Audited Unaudited Audited Audited Audited Audited

D Nature of report

standalone or consolidated

Standalone Standalone standalone. Standalone Standalone Standalone

Part I

Revenue From Operations

Net sales or Revenue from Operations

29.28 302.82 962.3 395.25 1428.47 1428.47

Other operating revenues

0 0 0 0 0 0

Total Revenue from operations (net)

29.28 302.82 962.3 395.25 1428.47 1428.47

2 Expenses

(a) Cost of materials consumed

0 u 0 0 0

(h) Purchases of stock-in- trade

523 325.55 814.22 939.68 1014.34 1014.34

(e)

Changes in inventories of finished goods,

work-in-progress and stock-in-trade

.472.134 25.92 283.42 -530.824 393.08 393.08

(d) Employee benefit expense

3.624 3.08 397 13.804 15.1 15.1

(e) Depreciation and

amortisation expense 0 0 0.27 0 0.64 0.64

(f) Other Expenses

1 Other Expenses 1.683 3.4 I 44.84 10.233 404.23 404.23

Total othe r expenses 1.683 3.41 44.84 10.233 404.23 404.23

Total expenses 56.173 357.96 1146.72 432.893 1827.39 1827.39

F Of TILAK VENTURES LIMITED

.

Director / Authc;;sed Signatory

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Quarterly & Half Yearly Financial Result by Companies Other than Banks

i'.1 rticula rs 3 months

ended (dd- mm-yyyy)

Previous 3 months

ended (dd- mm-yyyy)

Corresponding 3 months ended in the previous year

(dd -mm-YYYY)

Year to date figures for

current period ended (dd-mm-

YYYY)

Year to date figures for

previous period ended (dd-mm-

YYYY)

Previous accounting year ended (dd-mm-

YYYY)

A Date of start of reporting period

01-01- 2016

01-10- 2015 01-01-2015 01-04-2015 01-04-2014 01-04-2014

Date of end of reporting period

31-03- 2016

31-12- 2015 31-03-2015 31-03-2016 31-03-2015 31 -03 -2015

Whether results are audited or unaudited

Audited Unaudited Audited Audited Audited Audited

D Nature of report standalone or consolidated

Standalone Standalone Standalone Standalone Standalone Standalone

Part I

Profit (loss) from operations before other

income, finance costs and exceptional items

_26.893 - 55.14 - 184.42 -37.643 -398.92 -398.92

4 Other income 0.826 0.07 0 1.006 0 0

Profit (loss) from ordinary activates before

finance costs and exceptional items

_26.067 -55.07 -184.42 -36.637 -398.92 -398.92

) Finance costs 0.023 0 0 0.093 0

Profit (loss) from ordinary activities after finance costs but before

exceptional items

-26.09 -55.07 -184.42 -36.73 -398.92 -398.92

, Prior period items before tax

0 0 0 0 0

9 Exceptional items 0 0 0 0 0 0

10 Profit (loss) from

ordinary activities before tax

-26.09 - 55.07 -184.42 - 36.73 - 398.92 - 398.92

11 Tax Expense 0.088 -3.74 0 0.088 0 0

12 Net profit (loss) from

ordinary activities after tax

-26.178 -51.33 -184.42 -36.818 -398.92 -398.92

13 Extraordinary items 0 0 0 0 0 0

14 Net Profit Loss for the period from continuing

operations -26.178 - 5 1.33 -184.42 -36.818 -398.92 -398.92

15 Profit (loss) from discontinuing operations before tax

0 0 0 0 0

16 Tax expense of discontinuing operations

0 0 0 0 0

17 Net profit (loss) from

discontinuing operation after tax

0 0 0 0 0 0

18 Profit (loss) for period before minority interest

_26.178 - 51.33 - 184.-12 -36.818 -398.92 -398.92

21

Net Profit (loss) after taxes minority interest

and share of profit (loss) of associates

-26.178 -51.33 - 184.42 -36.818 -398.92 -398.92

For MAK VENTURES LIMITED

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Director / utliorised Signatory

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1

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars 3 months

ended (dd- mm-yyyy)

Previous 3 months

ended (dd- mm-yyyy)

Corresponding 3 months ended in the previous year (dd-

mm-yyyy)

Year to date figures for current period ended (dd-rnm-

YYYY)

Year to date figures for previous period

ended (dd-mm- YYYY)

Previous accounting year ended

(dd-mm-y)yy)

A Date oistart of

reporting period 01 -01 -

2016 01-10-2015 01-01-2015 01-04-2015 01-04-2014 01-04-2014

B L

Date of end of reporting period

31-03- 2016

31-12-2015 31-03-2015 31-03-2016 31-03-2015 31-03-2015

-1

Whether results are audited or

unaudited Audited Unaudited Audited Audited Audited Audited

D Nature of report

standalone or consolidated

Standalone Standalone StandalOne Standalone Standalone Standalone

Part 1

22 Details of equity share capital

Paid-up equity share capital

1284.8 1284.8 1284.8 1284.8 1284.8 1284.8

Face value of equity share capital

1 1 1 1 1 1

23 Details of debt securities

24

Reserves excluding revaluation reserve

(1 0 () 1427.33 1464.06 1464.06

26 Earnings per share

i

Earnings per share before extraordinary items

Basic earnings per share before extraordinary items

-0.02 -0.04 -0.144 -0.029 -0.31 - 0.3 I

Diluted earnings per share before extraordinary items

-0.02 -0.04 -0.144 -0.029 -0.31 -0.31

ii Earnings per share after extraordinary items

Basic earnings per share after extraordinary items

- 0.1)2 -0.04 -0.144 -0.029 -0.31 -0.31

Diluted earnings per share after extraordinary items

-0.02 -0.04 -0.144 -0.029 - 0.3 I -0.3 I

30 Disclosure of notes on financial results

Textual information(1)

For TILA VENTURES LIMITED

Director i rkutnorise Si gnatory

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Text Block

1. The above Financial Results for the quarter and year ended 31st March, 2016 have been audited by the Audit Committee and approved by the Board of Directors at its Meeting held on 30th May, 2016 and Audited by the Statutory Auditors.

2. The figure . for the previous quarter/year have been regrouped/reclassified/ restated wherever necessary.

3. Investor Complaint for the Quarter Ended 31/03/2016. Opening 0, Received 0, Resolved 0, Closing 0.

4. The results for the quarter and year ended March 31, 2016 are available on BSE website www.bseindia.com and Companys Website wwvv.shreenathcommercial.com

Textual Information(1)

5. The Company operates in two Business segment i.e. Trading Business and Finance Business Activities. Business segment has been identified as separable primary segment in accordance with Accounting Standard 17 'Segment Reporting' as prescribed under Companies (Accounting Standards) Rules, 2006, taking into Account the organizational and internal reporting structure as well as evaluation of risk and return of these segments.

6. We hereby declare that the Auditor has audited the Financial Result and provided the audit report with unmodified opinion. There is no qualifications reported by Auditors.

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For TILAK VE TURES LIMITED

DirectO! Anatory

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Statement of Asset and Liabilities

Particulars Current year ended (dd-min-

YYYY) Previous year ended (dd-mm-

YYYY)

Date of start of reporting period 01-04-2015 01-04-2014

Date of end of reporting period 31-03-2016 31-03-2015

Whether results are audited or unaudited Audited Audited

Nature of report standalone or consolidated Standalone Standalone

Equity and liabilities

1 Shareholders' funds

Share capital 1284.8 1284.8

Reserves and surplus 1427.243 1464.06

Money received against share warrants 0 0

Total shareholders' funds 2712.043 2748.86

2 Share application money pending allotment 0 • 0

fn Deferred government grants 0 0

5 Non-current liabilities

Long-term borrowings u 0

Deferred tax liabilities (net) 0

Foreign currency monetary item translation difference liability account

0

Other long-term liabilities 0

Long-term provisions 0 0

Total non-current liabilities (1 0

6 Current liabilities

Short-term borrowings 0 0

Trade payables 1.269 178.933

Other current liabilities 0.548

Short-term provisions 0.041 0.05

Total current liabilities 1.31 179.531

Total equity and liabilities 2713.353 2928.391

Assets

1 Non- current assets

(i) Fixed assets

Tangible assets 0 245. 0.047

Producing properties 0

Intangible assets 0 0

Preproducing properties 0

Tangible assets capital work-in-progress 0

Intangible assets under development or work-in-progress 0

Total fixed assets 0.245 0.047

For TILAK VEN\RES LIMITED

Director /Authorised Signatory

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Statement of Asset and Liabilities

Particulars Current year ended (dd-mm- YYYY)

Previous year ended (dd-mm- YYYY)

Date of start of reporting period 01-04-2015 01-04-2014

Date of end of reporting period 31-03-2016 31-03-2015

Whether results are audited or unaudited Audited Audited

Nature •:, f report standalone or consolidated Standalone Standalone

(ii) Non-current investments 0 439.467

(v) Deferred tax assets (net) 27.168 27.255

(vo Foreign currency monetary item translation difference asset account

0

(vii) long -term loans and advances 0 0

(viii) Other non-current assets 0

Total non-current assets 27.413 466.769

Current assets

Current investments 0 0

Inventories 881.142 350.318

Trade receivables 12.947 312.138

Cash and bank balances 52.894 114.842

Short-term loans and advances 1738.957 1684.324

Other current assets 0 0

Total current assets 2685.94 2461.622

Total assets 2713.353 2928.391

Disclosure of notes on assets and liabilities

For TILAK VEN URES LIMITED

.; ; ,:; natory Director I

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Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars 3 months

ended (dd- mm-yyyy)

Previous 3 months

ended (dd- mm-yyyy)

Corresponding 3 months ended in the previous year (dd-

mm-yyyy)

Year to date figures for current period ended (dd-mm-

YYYY)

Year to date figures for previous period

ended (dd-mm- YYYY)

Previous accounting year ended

(dd-mm-)yyy)

Date of start of reporting period

01-01- 2016

01-10-2015 01-01-2015 01-04-2015 01-04-2014 01-04-2014

Date of end of reporting period

31-03- 2016

31-12-2015 31-03-2015 31-03-2016 31-03-2015 31-03-2015

Whether accounts are audited or unaudited

Audited Unaudited Audited Audited Audited Audited

Nature of report standalone or consolidated

Standalone Standalone Standalone Standalone Standalone Standalone

1 Segment Revenue (Income)

(net sale/income from each segment should he disclosed)

Commodity Trading Business

0 267.02 661.93 267.919 661.93 661.93

2 Finance Business 29.282 34.9 300.36 127.332 766.53 766.53

Total Segment Revenue

29.282 302.82 962.29 395.251 1428.46 1428.46

Less: Inter segment revenue

0 0 0 0 0 0

Revenue from Operations

29.282 30 1 .82 962.29 395.251 1428.46 1428.46

2 Segment Result

Profit I+) / Loss (-) before tax and interest hum• each se.,2ment

Commodity Trading Business

-1.07 -57.64 9 - 58.71 9 9

2 Finance Business -21.7 1 8.99 -144.32 43.89 12.04 12.04

Total Profit before tax

-22.79 -48.65 - 135.32 -14.82 21.04 21.04

i. Finance cost 0.023 0 0 0.093 0 0

ii. Other lnallocable

Expenditure net off Unallocable income

3.777 6.42 49.1 21.904 419.96 419.96

Profit before tax -26.09 - 55 07 -184.42 -36.817 -398.92 -398.92

3 Capital Employed

(Segment Asset - Segment liabilities)

Commodity Trading Business

0 -54.99 0 9 9

2 Finance Business 2712.043 2793.21 7 027.68 2712.043 2927.68 2927.68

Total Capital Employed

2712.043 2738.22 2936.68 2712.043 2936.68 2936 68

Disclosure of notes on segments

For TILAK VE TURES LIMITED N.1

Director / Au horised horised Signatory_

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