Hind Rectifiers Ltd. — Interim / Quarterly Report 2019

Feb 14, 2019

HIND RECTIFIERS LIMITED

REGD. & H.0r LAKE ROAD, BHANDUP (W), MUMBAI - 400 078. I TEL: +91 22 2569 6789 0 FAX: +51 22 2569 4114 I www,hirect.com corporale@hirect.com I marketing@hirect.comfil CIN: L28900MH1953PLCO11077

Ref. No. HIRECT/SEC/ 213 14th February, 2019

The General Manager The General Manager Corporate Relations Department Listing Department Phiroz Ieejeebhoy Towers, Bandra Kurla Complex Dalal Street Mumbai 400 001 Bandra (East) Mumbai 400 051

Security Code No. 504036/HIRECT Type of Security: Equity

BSE Ltd. The National Stock Exchange of India 1st Floor, New Trading Ring Ltd. "Exchange Plaza", C—1, Block 'G'

Sub.: Newspaper Publications - Unaudited Financial Results

Dear Si1'(s),

Please find enclosed herewith copy of advertisement with respect to the Unaudited Financial Results for the quarter ended 31" December, 2018 published in The Economic Times on 14'h February, 2019.

Kindly note that, we have already submitted the copies of advertisement on 13'h February, 2019 with respect to the unaudited financial results published in The Free Press Journal and Navshakti on 13'h February, 2019.

This is for your information and record.

Thanking you,

Yours faithfully, For Hind Rec ifie s L' 'ted flicks-IQ «J'C 9

Meenakshi Anchlia (Compliance Officer)

Encl: As above

	Perfectly Engineered Power Conversion Systems
	Lake Road, Bhandup (W), Mumbai - 400078. Email: corporate@hirect.comTal: +91-22-25696789 Fax: +91-22-25964114 CIN: L28900MH1958PLC011077EXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTS FORTHE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2018			(Thi Lam)
Śz.No.	PARTICULARS	Quarter Ending31.12.2018(Unaudited)	Year to datefigures for thecurrent partodending31.12.2018(Unnuclind)	Commocriding3 months ended inthe previous year.31.12.2017(Unaudited)
۱.	Total Income from Operations	6,852.80	17,121.37	2.915.03
2	Net Profit/(Loss) for the period (before Tax,Exceptional and/or Extraordinary items)	442.48	958.20	05.90
ä.	Net Profit/(Loss) for the period before Tax (afterExpectional and/or Extraordinary liams)	490.05	1,005.79	55.98
ł.	Net Profit/(I.oss) for the period after Tax (afterExceptional and/or Extraordinary Itams)	315.37	682.99	65.90
s.	Total Comprehensive income for the period(Comprising Profit / (Loss) for the period(efter Tax) and Other Comprehensive Income(wither twoc))	316.31	887.77	47.37
ë.	Equity Share Cupital	331.27	331, 27	331.27
Ŧ.	Reserves (excluding Revaluation reserves) as shownin the Balance Sheet of previous year		٠
a.	Earnings Par Share (of T 2/- aach)(for continuing and discontinuing operations)BasicDiluted	1.911.91	4.164.15	0.290.29
	Note: 1) The above results have been recommended by the Audit Committee and approved by theBoard of Directors of the Company at the meeting held on 12th February, 2019. The StatutoryAuditors have carried out the limited review of the financial reautis for the quarter and nine monitiesended 31st December, 2018 under Ragulation 33 of SEBI (Listing Obligation & DisclosureRegulmmenta) Regulation, 2015.
	2) The above is an extract of the detailed Financial maults for the quarter and nine months ended.December 31, 2018 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing andOther Disclosure Regulrements) Regulations, 2015. The full format for the said Financial Resultsis available on the stock exchange websites (www.backutis.com and www.naeindia.com) and also on theCompany's website www.hirect.com.			FOR HIND RECTIFIERS LIMITED

THE ECONOMIC TIMES | MUMBAI | THURSDAY | 14 FEBRUARY 2019 | WWW.ECONOMICTIMES.COM

Economy: Macro, Micro & More

Local Sourcing Rule Maybe Eased for FDI in Single—Brand Retail

WOOING STRATEGY Retailers can now get up to 10 years to meet sourcing requirements; Proposal aimed at attracting firms looking to set up own stores

Our Bureau

New Delhi: The government is considering a relaxation in mandatory 30% local sourcing norm for foreign direct investment(FDI) in single-brand retail inabid to draw companies such asApple looking to set up their own stores in India. The proposal alsoseeksto , allow the 1nvestor to source single-brand 30% of the value of goretailfirms to ods sold from India.

Depending on the amount of investment, the retailer can get up to 10 years overwhich it can scale up sourcingto the required level. The Department for Promotion of Investment and Internal Trade (DPIIT) has issued a cabinet note proposing this. Currently, such an adjustment EUI LIlellIbLllVB ye-

ars. The suggestion will be sent to the cabinet for approval after seeking inputs re. Thereafter, it needs to be met on an annualbai

Govt Keen to Source Coal Gasification Tech from US

Vogima.Sharma@timesgroup.com

New Delhi: India is keen to collaborate with the US department of energy to source technology for coal gasification to tap into the country's large reserves, improve its fuel efficiency and reduce dependence on imports. The move was triggered after recent at-

tempts by the government and private players to set up their own coal gasification plants failed. A high-level meeting chaired by NITI Aayog member VK Saraswat was held recently with officials from US department of ener A senior government official told ET

that the meeting was called because the government is keen on global partnerships to achieve coal gasification at lower costs and integrate technology for smarterhandling of the fuel in an economically viable way.

"India is well endowed with vast reserves of coal which are vital in meeting the country's energyneeds. Coalgasification is one of the prominent areas that need to be looked at, being one of the cost-effectiveUleUIlb LIldL 115 uuwu 1m-

port dependence,the official said. According to the official, who spoke on condition of anonymity, the discussions are in preliminary stage and the challenge for India is the high ash content in indigenous coal. "In this regard, highend technology and expertise are requiredforcoalgasification inIndia, " he said, pointing out that most US companies too have limited experience in dealing with high ash content coal.

Sources present at the meeting toldET that Mark Menezes, under-secretary to the US department of energy, outlined various initiativesbeing undertaken by the National Petroleum Council on dif-

Te|.:

ended 31 st December,

Requirements) Regulation, 2015.

Company's website www.hirect.com.

Exceptional and/or Extraordinary items)

Exceptional and/or Extraordinary items)

Exceptional and/or Extraordinary items)

[Comprising Profit/ (Loss) for the period (after Tax) and Other Comprehensive Income

in the Balance Sheet of previous year 8. Earnings Per Share (of T 2/- each) (for continuing and discontinuing operations)

(after tax)]

Place :Mumbai Dated : 12th February, 2019

Lake Road, Bhandup (W), Mumbai -

from the relevant ministries and departments. tail under the automatic route but requires

open online This sourcing requirestores before ment has to be met, in setting UP the first instance, as an brick-and average of five years' to- "'"° ar tal value of the goods ?:::sst';'t,::y purchased, beginning $200million Apr1l 1 of the year of opening of the first sto-

ferent areas where carbon dioxide may be used Making a detailed presentation on coal gasification, Atanu Mukherjee, president of MN Dastur, one of the largest independent engineering consultancy services inthe world, said at the meetingthat

the idea is to bring coal to the technology rathertaking technology to the coal. "The primary efforts would be aimed towards capturing carbon in an economically prudent manner to be implemented on a large scale," he said, adding that the

need is to make this source of energy economically viable by holistically looking at the entire chain of coal gasification. The meeting was attended by more than two dozen people from NITI Aayog, ministry of steel, ministry of petroleum and natural gas, department of chemicals, officialsfromUSdepartment of energyand National Carbon Capture Center, USA, besides officials from GAIL, Engineers India and Projects & Development India and representatives from MN Dastur. The coal requirement in India stands at around 20 million tonnes. India imports petrochemicals worth 370,000 crore annually This can be brought down significantly if India gets economically viable coalgasification technology.

HIND RECTIFIERS LIMITED Perfectly Engineered Power Conversion Systems

+91-2225696789 Fax: +91-22-25964114 CIN: L28900MH1958PLC011077 EXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2018

Sr. PARTICULARS current period the previous year No. ending 31.12.2017

1. Total Income from Operations 6,852.80 17,121.37 2,915.03 2. Net Profit/(Loss) for the period (before Tax, 442.46 958.20 65.90

2. Net Profit/(Loss) for the period before Tax (after 490.05 1,005.79 65.90

3. Net Profit/(Loss) for the period after Tax (after 315.37 682.99 65.90

4. Total Comprehensive Income for the period 316.31 687.77 47.37

5. Equity Share Capital 331.27 331.27 331.27 7. Reserves (excluding Revaluation reserves) as shown - - -

Basic 1.91 4.15 0.29 Diluted 1.91 4.15 0.29 Note: 1) The above results have been recommended by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 12th February, 2019. The Statutory Auditors have carried out the limited review of the financial results for the quarter and nine months 2018 under Regulation 33 of SEBI

1. Email: corporate@hirect.com

Quarter Ending Year to date Corresponding 31.12.2018 figures for the 3 months ended in

31.12.2018 (Unaudited) (Unaudited) (Unaudited)

Kirtika.Suneja@timesgroup.com New Delhi: Protection, localisationand cross-border flows of data and privacy willbe at the core of the upcomingecommerce policy thatwill also focus on India's position in global trade negotiations, officials in the know said. With a group of 76 members including the US, European Union, China, Japan, Australia and Singapore working to develop trade rules for ecommerce, the Department for Promotion of Investment and Internal Trade (DPIIT), which is drafting the policy, has said the policy would focus on India's interest at the World Trade Organization. "Thepolicy will be WTO-centric and we

5 years

(ROSS-BORDER DATA FLOWS, STORAGE & PRIVACY IN FOCUS

allow single-brand retail firms to open online stores before setting up brick-andmortar shops if they invest 100% foreign in single-brand retail under the automatic route but requires the investor to source 30% of the value of goods

India-Centric Policy

The policy will focus on India5 interest at wro, DPIIT said Ea'lier draft had sought only personal data or community data collected by "internet of things" devices'In

The policy also allows investors to set off incremental sourcing from India for its global operations against this 30 % requirement for local outlets. However; this is available only for the first five years and subsequently 30 % sourcinghas to be entirely forIndia operations. Under the proposal, retailers that invest up to $100 million in the sector will get six years to meet the norm. Those

that invest over $200 million will get eight years while those putting in over $300 million will have 10 years. "We have tweaked some norms to help the single brand retailers," said an official aware of the proposed details. The department wants the investor to set up their first physical store in two ye-

ars as the condition was not being meaningfully implemented.

DataProtection To Form Core ofEcommerce Policy ty data or payments —

A draft of the policy15 being deliberated upon within the commerce and industry ministry While the Department of Commerce, which deals with India's trade issues, had floated a draft policy in July last year, the DPIIT was made the nodaldepart-

initiatives in September. The earlier draft had proposed only personal data orcommunity data collected by "Internet of Things" devices in "public space" to be stored in India and suggested other data, whichhave no per-

stored anywhere. It had also suggested a two-year sunset period before making data localisation mandatory. "We are taking care of all interests and have taken a lot of inputs already," the

is the main thrust. Allother1ssues are ancilla

ment for the government's ecommerce

sonal or community implications, be

Another person aware of the development said the policy was critical as half the membership of the WTO would soon begin text-based negotiations on global ecommerce rules, to which India is not a par Y-

ONLINE OPTION

launch.

online sales.

The proposal also seeks to allow singlebrand retail firms to open online stores before setting up brick-and-mortar shops ifLhey iiivestmoret' "' aid anotherofficial. They willbeneedto open physical storeswithintwo years of such a

"It is more of a clarification. A dignified amount of time needs to be given to set up stores because the extant condition can be construed that an investor can open a small store only to comply with conditions. Also, there was no stopping the investor from selling on other online marketplaces," said the person. "So, in that context, it is nota relaxation." However, the first official wasn't aware of any proposal related to

India has told the WTO that developing countries needed to maintainpolicy space in certain aspects of ecommerce such asownership and use and flow of data in "sunrise sectors like cloud computing and data storage" and in the facets related to hosting of servers, big data analytics and MZM (machine-to-machine) communication.

"While a data protection Bill is in the offing, the ecommerce policy will not be contradictory to it. The Bill is based on the Justice Srikrishna committee report that talks of personal data but the ecommerce policy has community data as its core. Ittalks of the economic rights of data," an expert on data issues said.

Cabinet Nod to Higher Jute MSP, a13,366—Cr Patna Metro Project

Our Bureau

New Delhi: of 313,366 crore. The Union cabinet has approved a €13,366—crore Metro Rail project for Patna ahead of the general elections while the cabinet committee on economic affairs (CCEA) cleared a higher minimum support price (MSP)forjute. The Metro projectwill have two corridors of over 41 kms to be completed in five years at the cost

"The existing population of 26.23 lakh of Patna agglomeration area

Gulf OII Lubricants India LImIted Registered & Corporate Office: IN Centre, 49/50, MIDC, 12th Road, Andheri [East], Mumbai-400093, Maharashtra, India.

CIN NO.: L23203MH2008PLC267060 Tel No.: +91 22 66487777 | Fax: +91 22 28248232

Website: www.gulfoilindia.com | Email: secretarial@gulfoil.co.in

EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31,2018

AND NINE MONTHS ENDED DECEMBER 31,2018	(f in Lakhs)
Particulars	Ouarter endedDecember 31, 2018(Unaudited)	Nine Months endedDecember 31, 2018(Unaudited)	Quarter endedDecember 31, 2011(Unaudited)
Revenue from Operations	46,202.51	1,26,959.90	35,594.76
Profit from ordinary activities before tax	7,668.66	20,050.95	6,517.12
Net Profit from ordinary activities after tax	4,979.17	13,021.48	4,248.63
Total Comprehensive Income for the period(comprising Net Profit and other ComprehensiveIncome for the period)	4,983.50	13,034.45	4,244.97
Equity Share Capital (Face value ? 2 per share)	995.81	995.81	994.00
Earnings Per Share (Face value ? 2 per share)
a) Basic -E	*10.00	*26.17	*8.54
b) Diluted -?	*9.94	*25.99	*8.49

*Not Annualised Notes:

1. The above is an extract of the detailed format of Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2018 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligation and Other Disclosure Requirements) Regulation, 2015. The full format of the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2018 is available on the stock exchange websites, www.nseindia.com and www.bseindia.com and on the Company's website www.gulfoilindia.com

M . The Board of Directors at their meeting held on February 13, 2019 declared an Interim Dividend of €4.50 per equity share (i.e. 225% on face value of ?2 per equity share). The Interim Dividend shall be paid to those shareholders whose name will appear in the Registrar of Members on the record date i.e. February 25, 2019.

® HINDUJA GROUP

For and on behalf of Board of Directors of

GULF OIL LUBRICANTS INDIA LIMITED

Place: Mumbai Date: Feanary 13, 2019 Ravi Chawla Managing Director DIN: 02808474

hirect.com

CHAIRMAN & MANAGING DIRECTOR S.K.NEVATIA

(Listing Obligation & Disclosure

FOR HIND RECTIFIERS LIMITED

Financial Results

The above is an extract of the detailed Financial results for the quarter and nine months ended December 31, 2018 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format for the said is available on the stock exchange websites (www.bseindia.com and www.nseindia.com) and also on the negotiations on global e-commerce rules, to which India is not a party official said.

gas pricing GoM can achieve given the upfreedom coming general elections. for all new The panel has recommended discoveries pricing freedom for natural that are gas produced from all discoveyet to start ries that are yet to produce PI'OdUCtIOD commercially. At present, most gasproduced locallyget a price derived from a four-year-old government-set formula that takes average rates from global trading hubs.

_/ other data, without personal or community implications, may anywhere

freedom for gas pricing as recommended by set up in October after rocketing oil prices and a battered rupee inflated the import bill and drew government's attention back to stagnant local 011 produchas recommended sweeping measures like moving away from recently adopted revenue-sharing model for exploration li-

cences, and gas pricing freedom for all discoveries that are yet to start production. The group of ministers is led by the finance

Ihe respective policies of the a top official told ET. "It is evolving now but data be it storage, cross-borderflows, privacy, communi membership will soon begin text-based

GoM to Vet Gas Pricing Reforms minister and includes mini-

Sanjeev.Choudhary@timesgrou p.com New Delhi: The government has constituted a Group of Ministers (GoM) to examine the key upstream reforms including total

EU, US and China, "

a NitiAayog-led panel. The panel tion —

(T in Lacs)

sters for commerce, coal, power; and petroleum, according to officials. The timing of the setting up of the GoM also surprised some officials, who we- :2:Ezsthreunsure on how much the