August 13, 2019

To,

Corporate Relations Department

BSE Limited

Phiroze Jeejeebhoy Towers

Dalal Street, Mumbai 400001

Scrip Code:— 532320

Sub:— Outcome of Board Meeting pursuant to Regulation 30 of the SEBI lLODRl RegulationsI2015

Dear Sir/Madam,

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the

Company was held today, i.e. Tuesday, 13th August, 2019, at which the Board, inter alia,considered and approved the Un-Audited Financial Results (Standalone and Consolidated) of

the Company for the quarter ended 30th June, 2019 along with the Limited Review Reportthereon as submitted by the Statutory Auditors.

Kindly find attached the Un-Audited Financial Results of the Company for the quarter ended

30th June, 2019, along with the Limited Review Report thereon.

The meeting commenced at 4:00 pm. and concluded at 7.15 pm.

Kindly take the same on record.

Thanking you.

Yours faithfully,fl"

.

/-

For Vaarad Ventures Limited

Wm WM/Rustom Deboo

Company Secretary

Vaarad Ventures Limited

Reg. Office: 2F Court Chambers, 35 New Marine Lines, Mumbai 400020

CIN: L65990MH1993PLC074306 Email: cs.dept@vaaradventurescom Tel. No; 022-22077082

Website: www.vaaradventures.com

K M TAPURIAH & C0. E/19 Venus Apartments,

Chartered Accountants Dr R G Thadani Marg, Worli

Mumbai - 400018

Phone: 022-24970247

Independent Auditor’s Review Report on the Interim Consolidated Financial Results

UDIN:19048111AAAAAG6264

To,

The Board of Directors

Vaarad Ventures Limited

1. We have reviewed the accompanying statement of Unaudited Consolidated Financial

Results of Vaarad Ventures Limited(‘The Holding Company’) and its subsidiary & stepdown subsidiaries (together referred to as “the Group”) for the quarter ended June 30,2019 (the ‘Statement”)being submitted by the holding company pursuant to the

requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure

Requirements), Regulations, 2015read with SEBI Circular No. CIR/CFD/FAC/62/2016

dated July 5, 2016.

2. This statement, which is the responsibility of the Holding Company’s management and

has been reviewed by the Audit Committee and approved by the Board of Directorsin

their respective meetings held on 13th August 2019 and prepared in accordancemwith the

recognition and measurement principles laid down in Indian Accounting Standards 34,“Interim Financial Reporting” (Ind AS 34),prescribed under section 133 of the

Companies Act, 2013 read with rules issued thereunder. OUr responsibility is to issue a

report on the statement based on our review.

3. We conducted review of the statement in accordance with the Standard of Review

Engagement (SRE) 2410, “Review of Interim Financial Information Performed byIndependent Auditor of the Entity” issued by The Institute of Chartered Accountants of

India. This standard requires that we plan and perform the review to obtain moderate

assurance as to Whether the statement is free from material misstatement. A review is limited

primarily to inquiries of company personnel and an analytical procedures applied to

financial data thus provides less assurance than as audit. We have not performed an audit

and accordingly, we do not express an audit opinion.

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

to believe that the accompanying statement of unaudited standalone financial results,

prepared in accordance with applicable accounting standards prescribed under section

133 of the Companies Act, 2013 read with rules issued thereunder and other recognisedaccounting practices and policies, has not disclosed the information required to be

disclosed in term of Regulation 33 of the SEBI (Listing Obligation and Disclosure

Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or

that it contain any material misstatement.

Other Matters

1. The statement includes the unauditedfmancial results of the following subsidiary:

- Atco Ltd

—Edesk Services Ltd_

_

-Atcomaart Services Ltd

-VarunaDirnking Water Solutions Ltd.

Head Office: 821, Baid Mansion, 4 Synagogue Street, Kolkata — 700001

Phone: 033-22421269 / 22422352

K M TAPURIAH 81 CO. E/19 Venus Apartments,

Chartered Accountants Dr R G Thadani Marg, Worli

Mumbai — 400018

Phone: 022-24970247

— Geothermal Water Ltd

-Innovamedia Publications Ltd

-Kimaya Shoppe Ltd — Associate

We did not review the financial results of the above mentioned subsidiary & associates

included in the consolidated unaudited financial results, whose financial results reflect a total

revenue of Rs NIL, total net loss after tax of Rs 2.79 lakhs & total comprehensive income of

Rs 2.79 lakhs (loss) for the quarter ended 30th June, 2019, as considered in the Statement.

Further these results have also not been reviewed by the auditors of the above-mentioned

companies. We have relied on the financial results drawn up & certified by the management

Up'to the same reporting date as that of the Company i.e. 30th June, 2019.

2. The consolidated figures for the corresponding quarter ended 30th June, 2018, and for the

quarter ended 31St March, 2019, as reported in the accompanying statement have been approvedby the Holding Company’s Board of Directors, but have not been subjected to review.

Our conclusion on the Statement is not modified in respect of the above-matters. '

For K M Tapuriah & Co

Chartered Accountants

Firm Registration number: 314043E

CA Naveen Mohta

..

Partner

Membership Number: 0481 1 1

Mumbai, 13‘“ August 2019

Head Office: 821, Baid Mansion, 4 Synagogue Street, Kolkata - 700001

Phone: 033-22421269 / 22422352

Notes :

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RBULTS FOR THE QUARTER ENDE) ON JUNE 30, 2019

ended

Lin-Audited Uri-Audited Lin-Audited Audited

from

income

The above Financial Results for the quarter ended June 30, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors attheir respective Meetings held on Tuesday, August 13, 2019. The Statutory Auditors of the Company have carried out Limited Review of the financialresults for the quarter ended June 30, 2019.

The figures forthe quarter ended March 31, 2019 are the balancing figures between audited figures in respect of the full previous financial year and thepublished year to date figurs up to the third quarter of the relevant financial year, which were subjected to limited review.

The figures for the mesmding previous period have been restated r‘ regmuped wherever necessary, to make them comparable

The Group has adopted Indian Accounting Standards (‘lnd AS') notified under Section 133 of the Companies Act, 2013 (‘the Act') read with the Compardeslinden Accounting Standards) Ruia, 2015 from April 1, 2019 and the effective date of such transition is April 1, 2018. Such transition ha been (triedout from the erstwhile Accounting Standards notified under the Act, read with relevant rules issued thereunder and guidelines issued by the limeBank of india ('RBI') (referred to as the ‘previous GAAP‘). Accordingly, the impact of transition has been recorded in the opening reserves as at April 1,2018 and the corresponding figures presented in these results have been restated/reclassified. There is a possibility that these financial results for thecurrent and previous periods may require adjustments due to changes in financial reporting requirements arising from new standards, modifications tothe existing standards, guidelines issued by the Ministry of Corporate Affairs and RBI or changes in the use of one or more optional exemptions from fullretrospective application of certain Ind AS permitted under ind A5401.

As required by paragraph 32 of ind AS 101, net profit reconciliation between the figures reported under Previous GAAPand Ind AS as under:

of Enl’ for amortisation of income and expenses- financial assets

armrtised cos:

of Elk for amortisation of expenses- financial liabilities at

cost

Los

stock a AS 102

loss on employee planIncome' as ind AS 19

valuation of financial assets at fair value

alter tax as A5

net tax

Vaarad Ventures Limited

Reg. foice: 2F Court Chambers. 35 New Marine Lines, Mumbai 490020CIN: L65990MH19939LC074306 Email: {fade 3t

'

vaaradvggmrescgtn Tel. No.2 022=22077082Website: wwwvaaradvenforeseen)

K M TAPURIAH & CO. E/19 Venus Apartments,

Chartered Accountants Dr R G Thadani Marg, Worli

Mumbai — 400018

Phone: 022-24970247

Independent Auditor’s Review ReportUDIN: 19048111AAAAAF3064

To,

The Board of Directors

Vaarad Ventures Limited

1. We have reviewed the accompanying statement of Unaudited Standalone Financial

Results of Vaarad Ventures Limited(‘The Company’) for the quarter ended June 30,

2019 (the ‘Statement”)being submitted by the company pursuant to the requirement of

Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements),

Regulations, 2015read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5,

2016.

. This statement, which is the responsibility of the Company’s management and has been

approved by the Board of Directors and prepared in accordance with the recognition and

measurement principles laid down in Indian Accounting Standards 34, “Interim Financial

Reporting” (Ind AS 34),prescribed under section 133 of the Companies Act, "2013 read

with rules issued thereunder. Our responsibility is to issue a report on the statement based

on our review.

. We conducted review of the statement in accordance with the Standard of Review

Engagement (SRE) 2410, “Review of Interim Financial Information Performed by

Independent Auditor of the Entity” issued by The Institute of Chartered Accountants of

India. This standard requires that we plan and perform the review to obtain moderate

assurance as to whether the statement is free from material misstatement. A review is limited

primarily to inquiries of company personnel and an analytical procedures applied, to

financial data thus provides less assurance than as audit. We have not performed 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 accompanying statement of unaudited standalone financial results,

prepared in accordance with applicable accounting standards prescribed under section

133 of the Companies Act, 2013 read with rules issued thereunder and other recognised

accounting practices and policies, has not disclosed the information required to be

disclosed in term of Regulation 33 of the SEBI (Listing Obligation and Disclosure

Requirements) Regulations, 2015, including the manner in which it is to be disclosed, Or

that it contain any material misstatement.

For K M Tapuriah & Co

Chartered Accountants

Firm Registration number: 314043E

CA Naveen Mohta

Partner

Membership Number: 0481 1 l

Mumbai, 13th August 2019

Head Office: 821, Baid Mansion, 4 Synagogue Street, Kolkata - 700001

Phone: 033-22421269 / 22422352

“AMT OF UNAUDITED STANDAIDNE ”MANUAL RESULTS FDRTHE QUARTER ENDH) ON JUNE 30, 201.9

(its. in Lalths)Sr. Particulars

Qinrter ended Year ended’40-

31/06/2019 31/03/2015 30/06/2018 31/03/2019UmAudhed Uri-Audited Un—Audlted Audited1 income

a) Revenuefrom O tions0.00 0.00 0.00 0.00Interest income

0.00 0.00 0.00 0.00his a"! commission income0.00 0.00 0.00 0.00Net in on fair value dis0.00 0.00 0.00 0.00Sale of services

0.00 0.00 0.00 0.!”Remarks at financial assets writtm ofl0.00 0.00 0.00 umTotal revenue from ions0.00 0.00 0.00 01!)

b) Other Income

0.00 0.41 0.00 57.06Tm! Income0.00 0.41 0.00 67362 rises

a) Finance costs

020 0.16 0.00 1.23[1 Fees and commission ex e

0.00 0.00 0.00 0.00:1 lm imtent on financial instruments0.00 0.00 0.00 0.00d Em benefit rises

1.59 10.45 1.84 15.76e]'

ion and amortisation0.94 0.50 054 3.30f) Other ex nses

13.08 29.10 5.13 38.05Total16.81 40.21 756 58.343 Profit Loss before exce onal items and tax 1-2

46.81 39.80 -7.56 8.724 Ex“ onai lmms-0.95 0.00 0.00 4.43

5 Profit! {Local hetero W [3—4)47.76 -39.30 4.56 4.296 TI!

a Current Tax

0.00 0.00 0.00 oneD) Deferred Tax

0.00 1.23 1.23 am7 m lass fira: 5-547.76 41.03 -8.79 4.29

8 MgCa- ehersin insane OCI

a. Items mat will not be reclassified to or loss Net of tax0.00 0.00 0.00 0.00It Items that will be reclassified to profit or loss (Net oftax) 0.00 0.00 0.00 0.009 Tm! (but "hills”! income for the rlod +8

47.76 41.03 -8.79 4.2910 Paid-u E uit Share Ca ital Face value of Re. 1 each2499.03 2499.03 2499.03 2499.0311 Other E u' exciudin Revaluation Reserve

508.7612 Earnl r share of Re. 1 each

Basic0.00 0.02 0.00 0.00Diluted

(0.00 0.02 0.00 0.00

lNous :

1 The above Financial Results for the quarter ended June 30, 2019 have been reviewed by the Audit Committee and approved by the Board of Dimors at their respective Meetings held onTuesday, August 13, 2019. The Statutory Auditors of the Company have carried out Limited Review of the financial results for the quarter ended June 30, 2019.

2 the figures for the quanerended March 31. 2019 are the balancing figures between audited figures In respect of the fuii previous financial year and the published year to date figures up tothe third owner ofthe relevant financial year, which were sublectied to limited review.

3 The figurs forthe corresponding previous period have been rained / r

L

ry, to make them

The Company has adopted Indian Accounting Standards ('Ind AS') notified under Section 133 of the Connor-is Act, 2013 ('the 541') read with the Companies (Indian Accounting Standards)Rules, 2015 from April 1, 2019 and the effective date ofsuch transition is April 1. 2018. Such transition has been carried out from the erstwhile [Sprouting Standards notified under theAcz,read with relevant rule issued thereunder and guidelines issued bytl‘ie Reserve Bankof india ('RBI‘) (referred teas the ‘ptevious GAAP'). mm, the impact oftiansition has beenrecorded in the openingmas at April 1, 2018 and the componding figures presented in these results have been restated/reclassified. There Is a possibility that these financialresults for the current and previous periods may require adjustments due to changes in financial reporting requirements arising from new standards, modifications to the existingstandards, guidelines Issued by the Ministry of Corporate Affairs and RBI or changes in the use of one or more optional exemptions from full retrospective application ofcertain Ind ASpermitted under Ind A5401.

5

As required by paramaph 32 of ind AS 101, net profit reconciliation between the figures reported under Previous GAAPand ind AS as under:

Quarter endedYear endedParticulars

31.03.2019 30.06.2018 31.03.2019 31.03.2018Net profit after tax as reported under Previous GAAP

41.03 -8.79 4.29 5.75Ad ustments increasinmdecreasing] net profit after tax as refined underPrevious EMF:

0 0 D 0Adoption ofEIR‘ foramorcisation of income and expensa - finana‘al assets at amortisedcost

0 0 0 0

Adoption of Elk foramonisation M - financial""‘

at’

cost 00 0Erpecled Credit Ltss

0 O O DFairvaluau'on ofsmopfionsas perindASlm0 0 0 0mwmmmmmmmmedm'mmmmm

income’ as per Ind AS 190 0 0 0

Fair valuation of financial assets at fair value through profit and loss0 0 0 0

Net profit after tax as per Ind AS0 0 D 0

met comprehensive income, net of tax0 0 0 0

Total comprehensive income41.03 >839 4.29 5.75M

For Vaarad Ventures Lin-rind.

AddyLuna Doshl

Managing Director.

Date : August 13, 2019

Place : Mi

Vaarad Ventures LimitedReg. Office: 2F Court Chambers, 35 New Marine Lines, Mumbai 400020CIN: L65990MH1993PLC074306 Email: C5.dent@vaaradventurescom Tel. No: 022—22077082

Website: wwyaaradventurescom