IFCI Ltd. — Interim / Quarterly Report 2019

May 24, 2019

May 24, 2019

IFCI LIMITED wr%l^caoa>^,f IA Gm ini enl of Off Undwt*ko M wtWa )

No. IFCI/CS/2019-[1] y Q

National Stock Exchange of India Limited

Exchange Plaza

Plot No. C/1, G Block Bandra Kurla Complex Bandra (East) Mumbai — 400 051

CODE: IFCI

Dear Sir/Madam,

Re: Corrigendum in relation to the Audited Financial Results of the Company for the qua rt er and Financial Year ended March 31, 2019.

This is in reference to our Letter No. IFCI/CS/2019-412 dated May 21, 2019 regarding submission of the Outcome of the Board Meeting.

In this regard, please find enclosed herewith the Corrigendum in relation to the Audited Financial Results of the Company for the quarter and Financial Year ended March 31, 2019.

This is for your information and record.

Thanking You

Yours faithfully For IFCI Limited

(Rupa Sarkar) Company Secretary

w rw of 3rrt

v'lpa m a: aw, 61 c[T] AW, 9t 1 4t — 110 019 T^,ZAf6: +91-11-4173 2000, 4179 2800 5 f: +91-11-2623 0201. 2648 8471 4, 1I c: www.ifciltd.com

IFCI Limited

Regd. Office:

IFCI Tower, 61 Nehru Place, New Delhi - 110 019 Phone: +91-4173 2000, 4179 2800 Fax: +91-11-2623 0201, 2648 8471 Website: www.ifciltd.com

CIN: L74899DL1993GO1053677

^R311>-f: L74899DL1993GOI053677

In Development of the Nation since 1948

1948 717& * Ri7W 4

Dated: 24[`h] May 2019

==> picture [69 x 21] intentionally omitted <==

----- Start of picture text -----

aaFCI
----- End of picture text -----

==> picture [74 x 32] intentionally omitted <==

----- Start of picture text -----

LIMBED
a.e1+&t6 k^Rrta
Intw..nnnanmuawrt
(+errt n ar aow0
----- End of picture text -----

National Stock Exchange of India Limited Exchange Plaza Sandra Kurla Complex (BKC) Sandra (east) Mumbai — 400051

Code: IFCI

Sub: Corrigendum - Intimation on the outcome of the Board Meeting held on May 21, 2019 and Audited Consolidated Financial results for the quarter and financial year ended March 31, 2019

With reference to our le tt er dated May 21, 2019 submi tt ing the Audited Standalone and Consolidated Financial results of the Company for the Qua rter and Financial Year ended March 31, 2019, we would like to inform that certain errors have occurred inadve rt ently, the rectification of errors are as under:

The following information appearing in the Statement of Standalone and Consolidated Audited Financial Results for the Three months and Year ended March 31, 2019 is to be read as:

1. Unaudited financial results for quarter ended 31/03/19

1. Unaudited financial results for quarter ended 31/03/19	1. Unaudited financial results for quarter ended 31/03/19
ID.- i..
~~Quarter~~ended31/03/19Unaudited
Particulars	_ As per statement Correct figures Submitted on May 21, 2019
Debt securities measured at FVTOCI - eclassified to rofit and loss	(35) 1 -
Othercomprehensiveincome /loss(netoftax)	6300 6335
Totalcomprehensiveincome '(loss) (after tax)	2534 I 2569

1. The net profit reconciliation between the figures previously reported under Previous GAAP and restated as per Ind AS for period ended 31 March 2018 is as under:

==> picture [442 x 96] intentionally omitted <==

----- Start of picture text -----

As per statement
Correct figures Submi tt ed on May 21,
Pa rt iculars I 2019
Qua rt er I Year I Qua rt er
Year ended
ended I ended I ended
1 31/03/18
_____ 1 31/03/18 31/03/18 I 31 /03/18
Reclassi fi cation of a ct uarial I 1 --
v) gain to other comprehensiveincome (293) (297) ID
----- End of picture text -----

• the row was inadvertently hidden, however the effect of amount has already been considered in the reconciliation submitted on May 21, 2019.

IFCI Limited

Sri tM xfi1 X4 fib

Regd. Office:

4Ul1 FC1IOW

art 3fit ZM, 61 I 5 Fl2t, it t - 1 1 0 019 IFCI Tower, 61 Nehru Place, New Delhi - 110 019 fr^ lln^: +91-11-4173 2000, 4179 2800 Phone: +91-4173 2000, 4179 2800 I[I c] E I dais: +91-11-2623 0201, 2648 8471 Fax: +91-11-2623 0201, 2648 8471 q i. aamxr c: www.ifciltd.com Website: www.ifciltd.com • CIN: L74899DL1993 0 01053677

2 iii,jo: L74899DL1993GO1053677

In Development of the Nation since 1948

1948 921 S$d^7N oI'

1. With respect to footnote no. 2, the note mentioned below has been deleted since the company has published audited financials for the year ended 31[n] March 2018:

" As permitted under circular no CIR/CFD/FAC/62/2016 dated 05 July 2016 issued by the SEBI, the company has opted to avail exemption from submission of Ind AS complaint financial results for the previous year ended 31 March 2018."

1. The changes in respect of Annexure-A, are as under:

				(Rs in lakhs)	(Rs in lakhs)
		Quarter	ended 31/03/19	Year ended	31/03/ 19
	Particulars	Correll figures	As per statement Submitted on May 21, 2019	Correct figures	As per statement Submitted on May21,2019
	Tax on Actuarial gain/(loss) 2n Defined benefit obli ation	(1761)	-	(1761)	-
	Debt securities measured at FVTOCI - reclassified to profit and loss	(35)	I -	(35)	-
	Other comprehensive income /(loss)(net of tax)	6300	8096	(3935)	(2139)
	Total comprehensive income (loss) (after tax)	2534	4330	(48318)	(46522)
		Quarter	ended 31/03/18	Yearended	31/03/18
	Particulars	Correct figures	As per statement Submitted on May 21, 2019	Correct figures	As per statement Submitted on May21,2019
	Tax on Actuarial gain/(loss) on Defined benefit obligation	(104)	-	(104)	-
	Debt securities measured at FVTOCI - reclassified to profit and loss	(4857)	-	(4857)	-
	Other comprehensive income /(loss)(net of tax)	(24445)	(19484)	(24437)	(19476)
	Total comprehensive income loss(after tax)	78657	83618	22400	27362

5. Earnings Per share for consolidated results:

Particulars	Correct figures	Correct figures	As per statement Submitted on May21, 2019	As per statement Submitted on May21, 2019
	Year ended 31/03/19	Year ended 31/03/18	Year ended 31/03/19	Year ended 31/03/19
Earningsper share	(2.88)	2.26	2.8 1	2.46

1. Incorporated 'Profit or loss'/' total comprehensive income'fother comprehensive income' attributable to 'non-controlling interest' and to 'owners of the parent' in the audited financial results and Annexure-A, as per statement of profit and loss.

2. Incorporated at foot note no.3, the consolidated net profit and equity reconciliation between the figures previously reported under Previous GAAP and restated as per Ind-AS for period ended 31 March 2018, as per the requirements of paragraph 32 of Ind AS 101 le,

"nw Cn':.19 ar

The correct financial results are enclosed for your reference.

The error is regretted.

==> picture [167 x 78] intentionally omitted <==

----- Start of picture text -----

For IFCI Limited
af,
51 S.. b w
'r nDe'48
( iswajit Banerjee)
Executive Director "°•, G n'
----- End of picture text -----

'rd I LTD.

ON: L746990U9 93 6 0105 3 6n REGD. OFFICE : IFO TOWER

61, NEHRU PLACE, NEW DELHI -110019 WE65RE: www.ifdltdmm

( 01

A R AR D4bW

flNN4S NES1JLfl

						(t In Laths) ed ~~Refuit,~~ 42,339 43 477 404758 ~~1~~ 4,36,158 214446 6,146 1 00945 2,172 2,294 29.520 6,252 30 44109 60 43.892 3575 24 (1.312) 2,239 41.643 151 41,7 64,760 351 9191 135 2,209 4857 ^
	Stan	dabne Result			coniolidat	ed ~~Refuit~~
Quarter ended 31/03/19 (Unaudited)	Quarter ended 31/17/18 (Unaudited)	Quarterended 31/03/18 (Unaudited)	Year ended 31/03/19 (Audited)	Year ended 31/03/18 (Audited)	Year ende 31/03/19 (Audited)	~~,~~
43,238	0A430	97098	206325	2,61,249	219972
~~637~~ 46 8	~~1161~~ ]98	239 1461	3914 3208	5,846 376E	/01 255
6]4	4]4	23]	22]6	194]	310
	-	20118		)1948
					490	42,339
					48,003	43 477
45395	63066	1,19,153	215723	344)58	2 3146	404758
3006	193G	24498	3089	29,241	31,303	~~1~~
~~qp1~~ 4	58,930	143651	2.45,620	373	9	4,36,158
40598	43,165	48361	1,75,614	2,07,430	180 D0	214446
1 10,3621 7,648	11,687 13,574	?2225	11281 100483	92.436	4,919 13,247 1,14,632	6,146 1 00945
					4,803 1,436	2,172 2,294
4,348 808 2.731 45,771	2,290 819 799 72	4,635 839 5.564 (12,8231	10 212 3.281 5878 15 J49	10.919 3,365 8,823 3.23373	29 41 634 J 3,82,34 a	29.520 6,252 30 44109
1.630		~~)4~~	6 129		166	60
1,630	354	156,474	6	5D	64	43.892
~~639~~ 330	397	1,053	639	1,049	96 26	3575 24
5 7~~05~~ 5,396	(8,656) 846	52,319 53372	24107 24746	2,139 31	2184	(1.312) 2,239
(3.1661	3321'	1,03 ,102		45837	4739)	41.643
						151
~~66~~	~~a~~	10	83	46,83t	47	41,7
• 3,737 • 2134 5,010	3059 165	36042 (90) 293	3 440 11)]1 5,039	3717 90 297	11 ))I 4392	64,760 351
2,818	1,019	07,652	4,193	14,378	3,252	9191
• 1761		1M	1 761	104	(0,778)	135
~~1149~~ (35)	1,725	3,109 4857	~~1617~~ 35	2,208 4857	1 617 51	2,209 4857

S^ dllq.dllay CF ^ IFC i^ry^t .^ 6^ 3 4')iI f A mPka

dl-is xn,v Cep.^.^^13

Opo 61'IUiaa Mnu OPCIE n1^:N.,' UP Iy 1619 I 12 ;ln :e%ti)	Opo 61'IUiaa Mnu OPCIE n1^:N.,' UP Iy 1619 I 12 ;ln :e%ti)		8516101	PR 9Z	ESy00LE	SSS'SZZl	651563 Pua~~w~~ 111114~~.~~IL 11401		8 Zr 991 vg ~~9I~~ q'SI CIt ~~SI~~ q'PL ry VI f
			969969	9_7_L999	178110	0E5ZZ6	Ina-Ie10IVn5
			[56601	61OI I[			11041411 BUifl0J5U0DUO4
			961617	69099[	817701	1(6152	AIIrC3104104
			665691	665691	661691	665691	1611015041.4566lI4b
							3	f
			9185E	76061	90 VZ	LVOB	IIiIIq fl lvpu1u13- 11505-415
			~~8885~~	9884	~~111~~	611	00111!9v!I leP --~~-~~-- U11413 IqI
				-			ION(01111160 064p0110433o
			LO 6Z	91161	51067	8018	110140014 e
			~~iet~~				(tIN ~~SO~~I1111q€II 064008110) ¢
							sOI111geplepue.N-UON	Z
			~~810~~ ~~SO~~ ~~EL~~	976 8(61 ~~6[~~	029 ZZ	BLS P6 LI	v.I1111gep l~~.~~,. ~~u~~eula-l6lo5.gn5
			058'89'1	710190	~~186181~~	111,91.1	811 6~~00~~04] +e1490 a
			~~95911~~	0161 II	959 LSI	OEE TEi	19111114151 P~~a~~)e ~~o~~ IplognS IPI
			S5611,6	6689[5	218105	111(15	109111410811q90 424131 09010A3109Ia
			110 116	061166	815096	619716	001100005 44 90q
			~~1800~~5	0696!			~~Puesasu faluo mlw 1841 +~~ 0~~910 vo4pan/o saneu~~IPUelslflO16401(LI
							~~50~~1IJOJOVIOII6OJI poll 89114001100 0J wto 5619 901p081S4R0'4301
							5919 +8410
			18( 11	676ZZ	6E16	17101	~~puesx4~~ a~~l~~ua o+yw uvy~~ll~~ay~~l~~o 4+011pa+3~~I~~01an~~P~~ °!p01111801e1W lvi
			~~818?~~	66E			'+wa llvws pue 5151+a00480 04010 40sanp IJPUti15fl018100 !
							101409814~~O~~Pell II e
							2916184811 lepubujo	L
							53111116'Il
							*111103 GNtl S3wllaV l	'11
			8516L0E	tT VU9Z	E59011	56552it	sy"Vl€Vly
			~~66115~~	WLS	661L5	9056	618801Playpxitl 4
			~~(9915911~~	~~00216E~~	816 11'!,	~~897 757~~	iKZSylcl)utUpiu0N' _'101405
			T11 8	1981	618	III'[	slme!epueuN'ucu 404401
			~~999 VV~~	~~699~~'~~81~~,			III•s'•POO9
				9			Iww 0101569+opus4o 118~~p~~Il~~l~~11140!
			709	Ise	661	591	84 05x1 81418064014'4iO
			~~0~~57	OZL	IE		SSoI of ul.ilMI¢j! eJ
			~~OEOSOL~~	~~5(018011~~	€01 EL	OLVZL	luaw In 3985506!4 ad a
			~~IZLIZ~~	~~9~~5~~602~~	~~82861~~	LEE61	414600i8400W 6 ~~04~~ 8~~0~~ 1 II
			~~696111~~	~~78L811~~	~~85(19,1~~	Z6£60Z	ION ~~10181106~~vRp~~0~~4+9100 p
			~~BIVIT~~	~~11801~~	~~8145~~	8991	(ION 1080006864_1101) a_
			~~678'6[~~	~~101111~~			1114080/11
			~~9871~~				w m aalsalPalunae In 3q
					8(19 E	081911	s sap4Ws 1405044015430290!
							153109IIP008p-u0N
			~~9L 9592~~	~~0711011~~	916SLZZ	99189L1	0580191814080114-101911115
			~~1959~~1.	85016	19181	IB ~~I~~	11 0101 1 u ul
			~~6805(1~~	60085S	711 7(5	56099E	10000181180J4
			[125991	~~0111719~~	5896651	4660t E[	10801II
			~~1~~5~~111~~	~~('(ILL~~	5051		jqunpo 11 p
			~~E601~~	~~9961~~	E600	957I	50414450161106016 aNluN+aU
			~~018101~~	5~~68~~'~~16~~	~~E9~~7~~L9~~	116165	a.wge(II0744 1 q
			~~SFEPS~~	526ZL	ROSS	p5 6E	flu >fen!n 6060pueyspe
							[KSStl lepueWi	[
							5iassv	'I
			1paslMtl) 9i/ f0EKstl	(PallP^v1 6i/EO/LEKSV	(p]Ntl)9t/fD/IE le sy	(pa4P^tl)6T/fOh ry Els		81011886
			wKP	n ~~gsuo~~ J	auPL	PUaIs
							511111190611
97L 91'1	BB'L 882	91 9L	(t011 79'Z	809 809	620 600	LL (fl 0I	(LI p61 110 141 E Sep
665691 094 04 96155	665691 7061 1008 ZS	665691	665691	665691	665691	66569	:181404400 05401119140 4oPasllenuue500)91641410534441413 I40ea-Ot 2J oan llA aatlRif na+eys Ina mp!ed s1041i u a-"°N t1 I).oj o 5+41010 a14IYg1+Ae lea 041+01001005 eosuaya+woD ~~l~~go~~l~~		8 Zr 991 vg ~~9I~~
8[69 ~~911~~	9E9						I01+6111 ullla~~y~~uwuaN		q'SI
~~69~~	~~989~~						003041105+6190		CIt
							of algelnyppB08000! 6015 0 6+ J+a~~y~~lp		~~SI~~
~~7811~~ 7118E 59156 756 ES 906	890 I 928 L V 9652 [[S	00,1E LfV VZ 906 -	(66 LLS -	15931 059977) 965 -	9965 1801 - 10	aF Z 9 !IP	IewWUIulllnu~~umu0~~N 0,045 las+aum0 0101 141111 llye +e a41+01Ip 044 ZIaR sal uye fs wo>W aNZUaW 18101 w 1864181100 vel {a KU 5501 awlul 5 m wy 56 S5400 fd ^OOl 0010848144) 61{801114001514- 150410 111040 04p0941581401 aq Ill 111911106341 0488108141801410311		q'PL ry VI f

Holes,

• 1 The financial remains of the Company[have ] been prepared In accordance with Indian Accounting Standards ('Ind AS') notified under the Companies Under Accounting StandardsI Rules. 2015 as amended by the Companies (Indian Accounting Standards) pules, 2016. The Company has adopted Ind AS from 'April 2018 with effective transition date of 1 April 2017 and accordingly, these financial results together with the results for the comparative reporting period have been prepared in accordance with the recognition and measurement principles as aid down In Ind AS, prescribed under Section 133 of the Companies Act 2013 ('the Act') read with relevant rules Issued thereunder and the other accounting principles generally accepted In Indio.

This transition to Ind AS has been carded out from the erstwhile Adounting Standards notified under the Act, read with relevant rules Issued thereunder, guidelines Issued by the Reserve Bank of India (The R011 and other generally accepeed accounting principles in India (collectively referred to as 'the Previous GMP'). Accordingly, the Impact of transition has been adjusted In the opening reserves as at I April 2017 and the corresponding adjustments pertaining to comparative previous paned/quaver as presented In these financial results have been restzted/redmsilled In order to conform to current perlodpresentauon.

• 2 In avnpliance with negulrtlan 33 of the Securities Eachtnge Board of India ('SEBI'I (listing Obligations and Disclosure Requlrementsl Regulations, 2015, a statutory audit of financial results for the year ended 31 March 2019 has been cabled out by the Statutory Auditors, M/5 RPMR & Asmdates. Chartered Accountants, New DeOM.

• 3 As required by paragraph 32 of Ind AS 101, the net profit and equlty reeondlIatlon between the figures previously reported under Previous GASP and restated as per Ind AS for period ended 3t March 201815 asunder.

			Stasrdal	oe.	Consdldated	Ch 06Ir,„ ')Fi'
	Particulars		Quaver ended 31/03/1a	year ended 31/03/18	year ended 31/03/18
Net Profi	t after teen eepomted under venous GASP		56680	(1 875)	92152
q tmco	sts rest loin incteaot/idecreeselIn net prett aftertan a, ec oned under previous GAAP:			~~,~~ ,
	Adustment on account of expected ..edit loss		176380	158301	157435
11)	Adjustment on account of measurement of tuancial assets and financial IIabiiinies at amortlted cost by apptUtron of effective lmereat rate method/ net interest on credit impaired tents		38,501	35,560	36,830
	Fair valuation of financial assets at fair value throughprofit and loss		35,528	35662	32741
Iv	Adjustment un account of reversal of impairment loss on assets held for sole		4987	4S43	4553
	Reclassificationofactuarialgainto otherco~~m~~ ~~p~~rehensive income		.12931	1297	351
vi)	Other		ilfOl	47	6014
till	Tae impact on thaw ad8aunmetts		84961	79023	77142
Prollsifte	r t~~o~~	repoeled reported under Ind At ~~I~~	303300	46,835	4t,794
Other comprehensive~~ncome~~ /110551 lnet of tax			14144	24435	53,952
Total com	a rehensive Income Oaal cureported under Intl AS		78,657	12,400	96,746
			Standalone	~~Cosuolidrt~~
	PerticuMrs		Year ended 31/03116	Year ended 31/03/19
EgNly a ..d sorni	s reported under Indian GAAP( Includes equity share capil4 preference share andresenet m,8		5,18,013	6.45,999
i)	Adluamrnl on account ofexpedM credit less		(2.95,654)	(9,17,990)
ii)	Adjn.lment on necounI_ of measurement of fnanelnl assets and financial liabilities et anwnieed cost by application ofefTctive interest Tate method / net interest no credit Impaired loans		84.075	6,39,3142
iii)	Fair valuation ofFinancialasays at fair value through profit and loss		1,56,733	4.6,014
iv)	Preference herecapital claysifW to fnancinl liability		(22,500)	(22,500)
v)	Adjusuncnl on account of reversal ofimpuimmete loss on assets held for sale		(30.603)	(30,603)
vi)	Error under p,ovidmlt fnntl nn account of treating the same as defined contribution plan		(4.515)	(4,515)
vii)	Impact on deemed equity an account ofpmFcmntinl ale borrowings		52.952	52,152
viii	Fnirvainmion of investment		(49,958)	(48,759)
x)	Others		. 105	3,564
xq	'fax impact on ahovc nd)n<Imems		2,079	401,389
Equityender ltd AS			4]I92]	698944

• 4 These CnandaI results have been prepared as per Schedule III Division III of the Companies Act, 2013 which has been notified by the Ministry of Corporate Affairs and Published In the official Gazette on 11th October 2018. Any application guidance/ clarifOdnns/ directions Issued by RBI or other regulators will be Implemented as and when they are Issued/ applicable.

• 5 The Compan[y] has sanctioned a ban of Rsd(b crone (outstanding 1,.95.90 Crone as at March 31, 20191 In a road project for widening of A lane highway Imo 6 lane, as a part of consortium finance. The project could not be completed within the original stipulated time and within three further exlensbns granted by the consortium of lenders. As per independent engineer appointed by NHAI, Avelafl physical progress of the project Is 91% uplo March, 2019. NHAI tide letter dated January 11, 2019 has clarified that Appointed Date of the prefect has already been given as October 16, 2012 and Commercial Operations Data (COO) shag be from the Appointed Data Accordingly, toll collection has already started from October 16, 2012 and the account Is standard as per the record of recovery, it has been confirmed by the lead Bank and all other member, of the Consortium that this account has been classif ie d as 'Standard Account' In their respective books of amounts as at March 31, 2019. Considering the overall status of the project and record of recovery, the account has been kept as 'Standard Restructured Account' and classified under Siegel and Impairment allowance as per ECL has been applied accordingly.

• 6 the loan account of tai Prakash Associates has been restructured as per the scheme approved by the consortium of lenders. M per the scheme of restructuring, a Iwrtlon of overall debt (IFCI share — R5.235.61 care) alongwllh Menufed portfolio of real estate assets, Into he transferred to an Special Purpose Vehicle (SPV) which will Issue 9.5% Optionally Convertible Debenture IOCDSI to lieu of the debt and the proceeds from the real estate portfolio will be utilized towards servklnq of these OCDS. iioweveq pending approval of the demereer plan from National Company Law Tribunal INCLTI, the process of transfer of debt and real estate assets to The Sp[y] Is not yet completed. The Company has dassifled the entire Outstanding of R5.362.19 more as Stage-tout et and Impairment allowance for ECL has been applied accordingly. As the debt of the SPV shall be backed b[y] real estate assets hating sufficient security cover, provision hasbeen made by be Company as per uniforml[y] applied accounting pall, for ECL to the erglre portfolio for Stages assets.

• 7 IFCI Is carrying the Investment In subsidiary companies at cost net of Impnbmentloss BI any) and opted for one time exemption cinder itdAS 101 for deemed cast being the carrying value of Investment as at transition date I.e. April 1, 2017. As on March 3l, 2019, the Company load Investment in 22,41,54,700 no. of shares In Its subsidiary, IFCI Factors Ltd. HILL, comprising of 19,91,54,700 no. of egolty sharer and 7,50,00,000 no, compulsorily convertible preference shares (CCPSI.[There belnq Indication of Impairment In these Investments, the company got the] shares of IFt- fair valued by an external expert valuer, registered as Category-I merchant banker, per which, the tale value of Investments In shares of IFi was determined at Rs.121.81 crore using the generally accepted valurtIon methodologies, In line with Indian Accounting Standards and accordingly, the resultant Impairment lens has been charged in the books of account.

• 8 eel vide letter dated November 20, 2017 allowed the lenders to continue to retain loan exposure to Rateagad Gas and Power Private Limited (IGPPL) as standard asset upto March 31, 2010; subject to certain conditions. in the efommarre loped letter, RBI further deli(@d that 'if the restructuring Is not completed by March 31, 2010; the account should be downgraded on March 31, 2018 with retrospective effect.' As the account was restructured by March 31, 2018; the management Is of the view that no further clarification Is required from RBI and accordingly, for the purpose of classification under RBI Guidelines, the account has been Treated as'Standard Restructured Asset' and disclosed accordingly. For the purpose of classlflatlon under Ind-AS, the account has been classified under Stage-3 and Impairment allowance for ECL has been applied accordingly

• 9 .Stocklwkllne Corporation of India Ltd. SHall had during the year 2000-01 undertaken a transaction oft 24A5 crone with a client through the Calcutta Stock Exchange(CSE) under he 'Cash on Payout' scheme for the sole of7,20,000 equity shares of DA Industries limited. The said transaction was confirmed by ME based on which postdated cheques were Issued. The cheques were stopped for pa[y] ment before their due date by the Compan[y] as the underlying trade transaction was contended to he non-bonafMe and disallowed by CSE. A Bank, which had granted financial assistance against the said cheques, Issued a melee of demand against the Company under Section 138 of the Negotiable Instrument Act, 1881. The Bank also Bled an application In the Debt Recovery Tribunal IDRTI for recovery of the amount aiongwfih compound Interest fears the Company and the client. Tim Company disputed the shim of the Bank. The Oank'.t application to the GI T was dismissed and only the client was heal liable. The Bank and the client had flied an appeal in the Debt Recovery App.Iiato Tribunal (DRAT) against the order of DRT. The appeals were allowed vide the BRAT order dated September 23, 2011, which stated that the amount would carry cempamd Interest From 1st August 2001 Qa 19% and the Company. The Compan[y] flied a Revision Application In High Court, Calcutta on November 30. 2011 which was admitted but no Interim relief was granted, Hence, the Companp-a. with quarterly rests t01 malhatlon and 2110 Bank was entitled to reaihe the sum from both the client[y] flied a Special leave Petition ISLP) In the Supreme Court for sta[y] of the High Court Order for not granting interim relief of sta[y] ing the BRAT order, the Order of the DRAT and the recovery certificate and notice of demand Issued by Presidia Officer and recover[y] officer of DOT respectively. The Supreme Court nude Its order dated April 23, 2012 granted sta[y] on the recovery proceedlnfs and requested the Calcutta[th] a[n ] Court to dispose off the Revlslon Application within a period of four months and the Company to deposit C 30.00 crane with the Calcutta High Court Registry within a period of 4 weeks from the date of order by wa[y] of a short term deposit In a natlonalbed bank. Accordingly, tire Company had deposited the mone[y] with the Calcutta High Court, Registry. The Revision application was oils missed, Tire Company filed SpecInl leave Petition lSIP) itch[y] Supreme Court In May 2015. The Supreme Court vide Its order dated May la, 2015 aimed the operation of the execution proceedings and the Company to deposit with the Registrar, Supreme Court of India, a Hired d[e] fault receipt in the name of the Compan[y] and eminrsed In favour of the Registrar an amount of not less than It 30.00 cram. Accordingly, the Company made the deposit. The amount of a 60.00 acre, deposited by the Company in the High Court It 3000 emrcl and Supreme Court It 30.00 crorel is shown under the heading 'Lorg Term loans and Advances" under the sub heeding 'Security and other deposits' In the Statement of Bat ace Sheet as on March 31. 2019. The bank was granted liberty to withdraw 510.00 more along with Interest That had been lying as deposit before the High Court of Koikatn which Is Subject to final decision in the SIP. Accordingly, an amount of'S 3801 crore was released to the Bank. Further by on order dated October 13, 2015, the Supreme Court directed the bank to withdraw an additional amount oft t5.00 crore along with named Interest from the mone[y] deposited with the Supreme Court. Accordingly, an amount oft 15.45 crone was released to the Bank. The case hoe been converted from Special Leave petition to a CIvi Appeal by the Han'ble Supreme Court. The amounts releeeed to the Bank it subject to the final decision In the matter. In New of the nature of d ispute, the amount of contingent liability has rut been ascertained. Pending final adjudication of the matter by the Honourable Supreme Court and also In clew of the legal opinion obtained by SHCILJn the opinion of 51101 management no provision Is required to be made In the statement of Profit and Loss for financ ia l year 2018-2019.

• to The preference shares of as, 225 crone along with the dividend of 85090 crorelus been redeemed in D2F[y] 19. AS[per ] Section 5512)(0of the Companies Act 2013, where preference shores are proposed to b e redeemed out of the profits of the company, there shill, out of such profits, be transferred, a sum equal to the nominal amount of the shares to be redeemed, to a reserve, to be called The Capital Redemption Reserve Amount, and the provisions of this Act relating to reduction of share capital of a company shall, except as provided In this section, apply as if the Capital Redemption Rnervo Account were paid+lp share capital of the company. Since there arc lesu(RCknt props, as at 31st March 2019, the transfer of Rs.225 crones to Capital Redemption Reserve could not be carried out

As per secllon 21(4), the company shall create a debenture redemption reserve amount out of the profits of the company available for payment of dividend and the amount atdited to such account shall not he utilised by the company except for the redemption of debentures. As per Rue 18(7)(blh1), For NBFCS reg is tered with the R01 under section a5-IA of the RBI IAmerdmentl Act, 1997 and for Housing Finance Companies registered with the National Housing Bank, 'the ademlac/ of DRR will be 25% of the value of outstanding debentures Issued through public Issue as per present SERI (Issue and Llstiec of Debt senrdtlesl Regnlnliuns. 2009, and no DRR Is required In the case of privatel y placed debenture,. Since there are Insufficient profits during the year ended 31st March 1019, the transfer of R, 7508 nom to Debenture Redemption Reserve could not be carried out

{I r L_Eft/ - a I^ . y v 'r J_F C l^

• 11 There H no separate reportable segment as per IM AS log on 'Operating segments' tones pect of the Company.

==> picture [79 x 34] intentionally omitted <==

----- Start of picture text -----

1 [,] j / gt6C'r^e 'n
i1 [][ 19]
----- End of picture text -----

$ 2 • On all the secured bonds and debentures issued by the Company and outstanding as on 31st March 2019, 100% securi ty cover has been maintained against principal and interest, by way of floating charge on receivables of the Company and/or Government Securities owned by the Company.

. The above results have been reviewed by the Audit Commi tt ee of Directors. The Board of Directors have approved the results in their meeting held on 21 May 2019.

Place: New Delhi Date: 21 Ma 2019 y

==> picture [206 x 77] intentionally omitted <==

----- Start of picture text -----

- 31CsIIFc
!^^ nSSri w.A_<br>//a' •'^i', C,t^'
!iL °, ^ ` ^\ wri+iixr6 tmv
+^ ti ^ f, y f r^ ,,1 ) } / ^:. , ^ sr IFL wer ,fin :
I ['-] [i][ -1 __. ^] 61 ehr place
Nea 0eIM49 J
^+,^
----- End of picture text -----

==> picture [87 x 71] intentionally omitted <==

----- Start of picture text -----

By order of the Board
` F^
'V
(Dr.ES Rao)
Managing Director &
Chief Executive Offrer
----- End of picture text -----

Annexure A

||..
,.
...|..
,.
...|..
,.
...|..
,.
...|..
,.
...|..
,.
...|||||ACT,|ACT,|(IF In Lakhs)
Consolidated Results
Yearended
31/03/19
(Audited)
Year ended
31/03/18
(Audited)
2,82,146
4,05,758
31,303
30,400
3,13,449
4,36158
1,80 270
2,14,446
29,341
29,520
6,346
6,252
52,258
40,945
1,14,632
1,00,945
3 82947
3,92 108
69398
44,050
166
168
69564
43,882
96
3,575
(26)
24
21,843
1312
~~(21,965)~~
2,239
(47.599)
41.643
151
4~~7 ~~599
41794
3,800
64,760
11,771
90
4,992
351
3,25
(9.191)
1778
(135)
1612
2,208

51
(4.857)
577
906
2596
53,952
50196
95 746
48867
38,312
1,268
3,482
3233
16,974
636
36,978
-
-
52100
55,286
1,904
40,460

1,69,599
1,69,599

2.88
2.26

2.88
2.26
~~C~~:>;f" O<br>"^q, a11..^
'^
CI
<br>!,e<br>t<br> r' I<br>?<br>Chao<br>r<br>F,w0:i19/|(IF In Lakhs)<br>Consolidated Results<br>Yearended<br>31/03/19<br>(Audited)<br>Year ended<br>31/03/18<br>(Audited)<br>2,82,146<br>4,05,758<br>31,303<br>30,400<br>3,13,449<br>4,36158<br>1,80 270<br>2,14,446<br>29,341<br>29,520<br>6,346<br>6,252<br>52,258<br>40,945<br>1,14,632<br>1,00,945<br>3 82947<br>3,92 108<br>69398<br>44,050<br>166<br>168<br>69564<br>43,882<br>96<br>3,575<br>(26)<br>24<br>21,843<br>1312<br>~~(21,965)~~<br>2,239<br>(47.599)<br>41.643<br>151<br>4~~7 ~~599<br>41794<br>3,800<br>64,760<br>11,771<br>90<br>4,992<br>351<br>3,25<br>(9.191)<br>1778<br>(135)<br>1612<br>2,208<br><br>51<br>(4.857)<br>577<br>906<br>2596<br>53,952<br>50196<br>95 746<br>48867<br>38,312<br>1,268<br>3,482<br>3233<br>16,974<br>636<br>36,978<br>-<br>-<br>52100<br>55,286<br>1,904<br>40,460<br><br>1,69,599<br>1,69,599<br><br>2.88<br>2.26<br><br>2.88<br>2.26<br>~~C~~:>;f" O
"^q, a11..^<br>'^<br>CI<br>
!,e
t
r' I
?
Chao
r
F,w0:i19/|(IF In Lakhs)
Consolidated Results
Yearended
31/03/19
(Audited)
Year ended
31/03/18
(Audited)
2,82,146
4,05,758
31,303
30,400
3,13,449
4,36158
1,80 270
2,14,446
29,341
29,520
6,346
6,252
52,258
40,945
1,14,632
1,00,945
3 82947
3,92 108
69398
44,050
166
168
69564
43,882
96
3,575
(26)
24
21,843
1312
~~(21,965)~~
2,239
(47.599)
41.643
151
4~~7 ~~599
41794
3,800
64,760
11,771
90
4,992
351
3,25
(9.191)
1778
(135)
1612
2,208

51
(4.857)
577
906
2596
53,952
50196
95 746
48867
38,312
1,268
3,482
3233
16,974
636
36,978
-
-
52100
55,286
1,904
40,460

1,69,599
1,69,599

2.88
2.26

2.88
2.26
~~C~~:>;f" O<br>"^q, a11..^
'^
CI
<br>!,e<br>t<br> r' I<br>?<br>Chao<br>r<br>F,w0:i19/|(IF In Lakhs)<br>Consolidated Results<br>Yearended<br>31/03/19<br>(Audited)<br>Year ended<br>31/03/18<br>(Audited)<br>2,82,146<br>4,05,758<br>31,303<br>30,400<br>3,13,449<br>4,36158<br>1,80 270<br>2,14,446<br>29,341<br>29,520<br>6,346<br>6,252<br>52,258<br>40,945<br>1,14,632<br>1,00,945<br>3 82947<br>3,92 108<br>69398<br>44,050<br>166<br>168<br>69564<br>43,882<br>96<br>3,575<br>(26)<br>24<br>21,843<br>1312<br>~~(21,965)~~<br>2,239<br>(47.599)<br>41.643<br>151<br>4~~7 ~~599<br>41794<br>3,800<br>64,760<br>11,771<br>90<br>4,992<br>351<br>3,25<br>(9.191)<br>1778<br>(135)<br>1612<br>2,208<br><br>51<br>(4.857)<br>577<br>906<br>2596<br>53,952<br>50196<br>95 746<br>48867<br>38,312<br>1,268<br>3,482<br>3233<br>16,974<br>636<br>36,978<br>-<br>-<br>52100<br>55,286<br>1,904<br>40,460<br><br>1,69,599<br>1,69,599<br><br>2.88<br>2.26<br><br>2.88<br>2.26<br>~~C~~:>;f" O
"^q, a11..^<br>'^<br>CI<br>
!,e
t
r' I
?
Chao
r
F,w0:i19/|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Standalone Results||||Consolidat||
ed Results||
||Particvlars||||||Quarter ended
31/03/19
(Unaudited)|Quarter ended
31/12/18
(Unaudited)|Quarter ended
31/03!18
(Unaudited)|Year ended
31/03/191 udited)|Year ended
31/03/18 (Audited)||Yearended
31/03/19
(Audited)||Year ended
31/03/18
(Audited)||
|1|Income||||||||||||||||
||a
|Revenue fromoperations|||||45,395|62,966|1,19,153|2,15 723||3 44 758||2,82,146||4,05,758|
||b
|Other income|||||2,006|(3,936)|24,498|
30,897||29,241||31,303||30,400|
|||Total Income|||||47,401|58,930|1,43,651|16620||373999||3,13,449||4,36158|
|2|Ex ens|es|||||||||||||||
||a|Finance costs|||||40,598|43,165|48,364|1,75,614||2,07,430||1,80 270||2,14,446|
|||Em to ee benefitsexpense|||||4,348|2,290|4,635|11,212||10,919||
29,341||29,520|
|~~-~~|cl|De reciation and amortisationexpense|||||808|819|839|3,281||3,365||6,346||6,252|
||tl|Other ex erases|||||(7,631)|12,436|5,564|17,159||8,823||52,258||40,945|
||e|Impairment
aIrmentlosses on financial assets|||||7,648|13,574|(72,225)|1,08,483||93,436||1,14,632||1,00,945|
||Totale|spenses|||||45,171|72,284|(12,823)|3,15.749||3,23,973||3 82947||3,92 108|
|3|Profit|lossbeforeexceptional
l
and tax(1-2)|||||1,630|13354|1,56,474|69129||50,025||69398||
44,050|
|4|ExceptionalItems|||||||||||||166||168|
|5|Proft
oss beforetat3-4||||||1630|(13,354)|156 74|69129||50025||69564||43,882|
|6|Tax ex|erase|||||||||||||||
||a|Income tax|||||(639)||1,053|(639)||1,049||96||3,575|
|||Taxation for earlieryears|||||330|187||||||(26)||24|
||c|DeferredTax Net|||||5,705|8 656|52,319|(24,107)||2,139||21,843||1312|
||Taxexpense (4(a(to4(d)||||||5,396|(8,469)|53,372|(24,746)||3,188||~~(21965)~~||2,239|
|7|Profit loss for theperiodfromcontlnUln8operations(5-6)||||||(3.766)|4 885|103 102|(44,383)||46 837||~~,~~
(47.599)||41.643|
|8|
Profit/ loss for theperiodfromdiscontinuingoperations||||||||||||||||
|9|Taxe|xpenseofdiscontinuingoperations|||||||||||||||
||Share|of ne!profltofassoclatesand Jointeenturet||||||||||||||151|
|10|Profi|os2 for theperIodfrom dlscontinulnoperationsalter tea
8-9|||||||||||||||
|IS|Profit|los fortheperIod
+10|||||3766|885|103102|44383||46837||4~~7 ~~599||41794|
|12|Other|Com rehensive income|||||||||||||||
||a|Items that will not be|||reclassified toprofitor loss||||||||||||
|||-Fair value changeson|||
WrOC
I
- E
Equity securities||3737|(3.0S)||1,440||37175||3,800||64,760|
|||
Gain loss on sale of|||FVFOCI- Equitysecurities||(2,734)||90|(1l,771(||90||11,771||90|
|||-Actuarialgain/(loss|||onDefinedbenefitobligation||5,010|165|293|5,039||297||4,992||351|
|||
Incomesetrelatingto Items that will not be reclassified toprofit or loss|||||||||||||||
|||-Tax on Fairvalue changes onFVTOCI -Equitysecurities|||||2,818|1,019|12,652|4,193||14,378||3,25||(9.191)|
|||-Tax on Actuarialgain/(loss)on Defined benefit obligation|||||(1,761)|-|104|1761||104||1778||(135)|
||~~L ~~|Items that will be reclass18ed toprofitor loss|||||||||||||||
||~~,.. ~~|
-Fair valuechangeson FVFOCI-Debt securities|||||(1,149)|1725|3,101|1617||2,208||1612||2,208|
|||
-Debi sccurilics measuredatFVTOCI- reclassified to profit And loss|||||(35)|-|4,857|35||(4,8573||51||(4.857)|
|||Income tax relating to Items that will be reclassified to profit or lass|||||||||||||||
|||-Tax an Fair valuechangeson FVFOCI-Debt securities|||||414|603|594|577||906||577||906|
||
Other com~~p~~rehensive Income|||||
(loss)net of tax|6,300|1083|24 445|3935||24437||2596||53,952|
|13|Totelcem||prehensIxe Income/|||
(loss) (after tax)
(11
)||5968|78651|48318||22,400||50196||95 746|
|14|Profit for||
theyearattributable t|||


o|||||||||||
|14.a|
Ownersof thecompany|||||||||||||48867||38,312|
|14.b|Non-controllingInterest|||||||||||||1,268||3,482|
|15|
Other Com rehsive income attributable to||||||||||||||||
|15.a|Owners of thecompany|||||||||||||3233||16,974|
|15.b|Non-controllingInterest|||||||||||||636||36,978|
|16|
Totalcomprehensiveincome for theyear attributable|||||||||||||-||-|
|16.a|
Owners of thecompany|||||||||||||52100||55,286|
|16.b|Non-controllinginterest|||||||||||||1,904||40,460|
|17|Paid-,|
,,*
a
ui
sharecapital (FaceValue oft 10-each|||||1,69599|1,69599|1,69,599|1,69,599||169,599||1,69,599||1,69,599|
|18|Eami|
n
spershare not annualised for the interimperiods):|||||||||||||||
||a|Basic t|||||0.22|(02|)|2.62||2.76||2.88||2.26|
||(b)|Dilutetl R|||||0.22|0.29|6,08|2.62||276||2.88||2.26|

	-							-	- - (!inLakhs)
					Stand		laone		Consol	idated
	Particulars			As a	t 31/03/19 (Audited'		As a	t 31/03/18 (Audited)	As at 31/03/19 Auditetl	Asa	t31/03f18 Audited
I.	ASSETS
1 ~~JL ~~	Non-currentAssets
	aProperty, Plant and Eul ment				72470			73,103	1 04035			105030
	b Investmentpropert				19,337			19,828	20,958			21721
	c Goodwill								44,664			44,664
	fbICa Italwork-in-progress							31	127			~~250~~
	IdOtherIntangibleassets				165			199	451			642
	dEquityaccounted Investees							4				1,286
	It)Investment in Subsldia				136781			136178
	Noncurrent Financial Assets
	Investments				314703			416485	520149			~~609719~~
	(ii)Loans				641343			909719	6,56,412			932183
	iii Trade receivables
	W Othernon-currentfinancial assets				1,949			1.547	68,308			67.803
	Deferred tax Assets(Net)				209391			1,81,758	176782			152,469
	h Other non-current assets				668			218	3,903			1,166
	iNon-currenttax assets(Net)				12668			5,418	19,636			10.715
	Sub-total -Non-current Assets				14,09,476			17,44,489	1615 426		1	9,47,649
~~2L ~~	Current Assets
~~. ~~	(a)Current Financial Assets
	i Investments				31,391			115886	37 859			1,25,295
	11Cash andcash euivalent;				39,554			19,271	72,926			54,316
	IliBank Balance		other than (Ii)above		54,421			67 403	62,829			76,736
	(MLoans				669606			674766	7 14923			7,33,088
	v Torde receivab		les		280			1,505	17,514			13,751
	v Derivative Inst		ruments						1,466			2,093
	vi Other current		financial assets		15,498			19.33j	54,815			41,957
	IC)Other current assets				783			601	20,661			~~2~~7 ~~674~~
	Sub-total ~~.~~Current Assets				811533			898765	982994			1074910
3 ~~JL ~~	Asses classified as held fo		r sale		4,546			57,199	5,794			57,199
	Total ASSETS				2225555			27,00,453	2604214		30,79,758
II.	EQUITYAND LIABILITIES
~~i!L~~	Equity
~~_~~	(a)Equitysharecapital				1,69,599			169599	169599		169599
	1WOtherc ul				2,52,931			302228	477 147		5,29,245
	Sub-total-e ul				4,22 530			4,71,827	6,46,746		6,98,844
	Non-current liabilities
	a Non-current FlnanUal		Habitues
	(I) Borrowings				13,12,285			16,39,644	13,37,075		16,54,262
	(ii)Tradepayablcs								-		-
	iiiOther financial Bablitles				27,771			81,004	27,848		84,962
	(hiProvisions non-current				778			390	12.266		28.331
	(ciOther non-currenttiablltles				43			43	3,388		3,822
	Sub-total-Non-CurrentLiabilities				13408]]			17,21,081	13,80,578		17 71377
2	Current UabllIUet
	a Current Financial Ilablltles
	iBorrowings					2,97095		3,74,152	3,02,350				4,12,221
	(ii) T	rade a ablcs				10,727		9,139	37,968				29,705
	(iii)O	ther financial llabliU¢s				146700		100481	2,33,184				163883
	1W Provision	s current				7,530		23,645	1890				1475
	c Othercurr	ent liablities				96		128	1,498				2,247
	Sub-total-Cu	rrent Liabilities				462148		507 54	5 5 76890				6. 0,537
	Total EOU T	'AND LIA BIlRIES				2225 555		2] 00 453	2604 14		3		0 79 756

==> picture [44 x 43] intentionally omitted <==

----- Start of picture text -----

`^ 1
-1'
6_ t..-
----- End of picture text -----

==> picture [81 x 59] intentionally omitted <==

----- Start of picture text -----

r1Z .J.
^^ (^j rvv,er 4_i
,,{^^ ,Ip
p
I^ `li'c'e Lel,^.lga J
----- End of picture text -----