Kothari Petrochemicals : Outcome of Board Meeting 29.05.2017

Kothari

Registered Office:

"KothariBuildings",No. 115,Mahathma GandhiSalai,Nungambakkam,Chennaf.600 034

P E tll O C H f ¥ tC A L $

Phone :044·30226848 I5614,fax :044,28334560,www.kotharipetro chemicals.toin

G RO UP

May 29, 2017

Listing Department

National Stock Exchange ofInd iaLtd.Exchange Plaza

Band ra-Kurla Complex

Bandra (EJ,Mum ba i - 400051 DearSirs,

StockCode -KOTHA RJPET

Sub: Outcome ofBoard Meeting held on29111May 2017.

Witbreference to the SEBI (ListingObligatio11sandDisclosures Req ui rements) Regulations.2015 (Listing Regulations), wewishto inform you that, as requiredin terms of Regu lation JO.33 andother applicable provisionsof Listing Regu lations, that the Board of Directors of Mis. KothariPetrochemicals Limited at its meeti ng heldon May29,2017 commenced at 01.00 P.M.

and concluded at 03.00 P.M.hasinter alia transacted thefollowing businesses:

1. Approved and takenon recordthe Audited Financial Results of the Company forthequaiier and year ended March 31, 2017.Copies of Audited Financial Results. Auditors Repo11 issued by theStatutory Audi tors of the Companyfor the quarterand year ended March 31,2017are enclosed.

2. During iheyear theCompany hasobtained full repatriation of its equity holdi ngs from both theoverseas subsidiary companies and theCompany is nolonger holdingany equity share capital in both theCompanies. Therefore,prepari ng consol idated financials for theyear ended 31" Mar20 I7 doesnot arise.

3. Recommended a FinalDividend @Re.0.25/-per share (2.5%)on the equity share of foce value of Rs.IO/-eachfullypaid upfor the financial year 20 16-17, subjectlo approvalof membersintheensuing Annual General Meet i ng.

4. Copyof extract of the FinancialResultsrequired to bepublishedin theNewspaper as per the Regulation 47 of theSEBI (Listing Obligations andDisclosure Requirements) Regulations,2015 is enclosed.

Kind ly acknowledge and taketh is in your records. Thanki ng You,

Yours faithfully

forKothari P •ft'ocl cmicalsLimited

A

.

A.Thamkainathan

CompanySecretary&ComplianceOfficer Encl:as above

Plant :

CIN :l1I10lffll0811PLC017347

llNNo.:33523881406

1128 3315 SathangaduVillage, Manafi.Chennai•600 068,India,Phone [phone] / 309,fax [phone]

CSTNo.217771 I di.20·12·1999

l.....t......-.3..r.1.KOTHARIPETROCHEMICALSLIMITED
"KOTRARI BOICi51Fl!;'N0.115.MAHATMA GANDHISALAI.
NUNGAMBAKKAM, CHENNAI -600 034
r."IN: L11101TN1989PLC017347 PH: 044-302?5507 5FAX: [phone] Email:[e-mail],Website:www.kotharipetrochemicals.com
Statement of AuditedFinancials Results for the Quarter and year ended March 31,2017					(Rs.inlacs)
PARTICULARS	Quarter Ende		d	Year Ended
PARTI	31/03/2017 (Audited) Refer Note-5 below)	31/12/2016 (Unaudited)	31/03/2016 (Audited)	31/03/2017 (Audited)	31/03/2016 (Audited)
Income from operations Sales/Revenue from Operations (Gross) Less:Excise Duty OtherIncome Ill) Total Revenue IV) Expenses Cost of materials consumed Changes ninventories of finished goods Other Direct ManufacturingExpenses Employee benefits expense Finance Cost Depreciation and amortisation expense Other expenses Total Expenses Net Revenue from Operations Profit beforeexceptional and extraordinary items and tax (lllV) Exceptional Items Profit before tax (V•VI) Tax Expenses Current Tax Tax in respect of earlier years Deferred Tax IX Profit/(loss) for the year (VII-VIII) Share ofprofit/ ( oss) of associates Basic Diluted Xt) Net ProfitI (Loss) after share of profit I (Loss) of associates XU Eamings Per Share	7,218.41	6,084.82	7,121.39	24,394.80	23,279.18
	702.31	600.86	741.31	2,446.75	1,920.44
	6,01b.1C	5,483.96	6,380.08	21,948.05	ii,358.74
	88.03	26.44	62.06	257.88	293.75
	6,604.13	5,510.40	6,442.14	22,205.93	21,652.49
	4,721.79	3,565.25	4,453.98 59.98 396.03 249.41 10.49 66.72 614.93 5,851.54 590.60 . 590.60 190.39 - 24.20 376.01 . 376.01 0.64 0.64	15,938.60	15,302.39
	183.46	79.28		(3.89)	56.66
	492.07	575.49		1,707.59	1,434.64
	292.90	295.30		1,152.35	1,010.58
	60.31	46.63		150.21	107.72
	83.75	82.34		310.37	273.67
	508.52	544.26		1,953.36	2,041.70
	6,332.80	5,188.55		21,208.58	20,227.36
	271.33	321.85		997.35	1,425.13
	- 271.33	. 321.85		. 997.35	- 1,425.13
	55.31 44.18	70.91 .		203.34 44.18	449.53 .
	46.27	57.37		166.03	57.15
	12.5.67	193..57		583.80 .	918..45
	125.57	193.57		583.80	918.45
	0.21	0.33		0.99	1.56
	0.21	0.33		0.99	1.56

Audited Statement of Assets and Liabilities as at 31st March 2017

(Rs.nlacs)

l:.lUI I l ,u1 1lc.>

Shareholders'funds

1. Share Capital

2. Reserves and surplus

Non.Current liabilities

1. Long-term borrowings

2. Defarred tax liabilities (Net)

3. Other Long term liabilities

Current llabllities

1. Short-term borrowings

2. Trade payables

3. Other current liabilitios

4. Short-torrn provisions

PARTICULARS 31.03.2017 31.03.2016

5,918.68 5,918.68

1,171.26 750.76

1

7,uo:-,.:,, 0uu;;;, ...

912.83 .

619.62 453.59

68.90 45.08

1,ou1.-l>:ioo.a,

2,478.76 1,793.92

1,590.61 1,494.48

484.65 533.92

26.70 35.64

4,580.72 3,857.96

ASSETS

Non-current assets

1. Property,Plant &Equipments Tangible assets

   Intangible assets

   Capitalworkin Progress

2. Non-current investments

3. Long-term loans and advances

Current assets a) Inventories

1. Trade receivables

2. Cash and Bank balances

3. Short-termloans and advances

Notes :

TOTAL

TOTAL

13,272.01 11,026.07

6,268.28 5,259.41

0.08 0.11

631.11 195.02

0.00 613.83

237.64 123.65

7,137.11 6,192.02

1,061.33 939.00

1,953.08 1,637.06

2,366.82 1,644.10

753.67 613.89

6,134.90 4,834.05

13,272.01 11,026.07

1. The above Financial results for the Quarter and year ended March 31, 2017 were reviewed by the Audit Committee and were approved by the Board of Directors at their meeting held on May 29, 2017and have subjected to an audit by Statutory Auditors.

2. During the year the company has obtained full repatriation ofIts equity holdings from both the overseas subsidiarios companies Viz.Kothari Petrochemicals Pte Ltd, Singapore and Kothari Petrochemicals HK Ltd,Hong Kong and the company is no longer holding any equity sharecapital In both the companies. Accordingly, there is no requirement for consolidated financials,since the same is not required as per AS 21.

3. The Board of directors has recommended the payment of Final Dividend @ 2.5%(0.25 palse) per share on Face value

   of Rs.10 each on the paid up Equity share capitalof the company for the Financial year 2016-17.

4. The Company has only one segment viz Polyisobutene (PIB)

5. The figures of tho current quarter is tho balancing figures of audited figures of full financial year ended March 31,2017 and published year to date figures upto third quarter ended December 31,2016.

6. Previous period figures have been regrouped and reclassified wherever necessary.

On behalf of the Board of Directors for Kothari Petroc mlals Limited

If.

.rz

i,.NIAN,:1, ILrJ..

- ' "o.

Place :Chennai

c'.l

1

n B Kothari

Date :29 May,2017

.,_'/

.. Managing Director

Kothari

Registered Office :

"KothariBuildings",No. 1 16, Mahathma Gandhi Salai,Nungambakkam,Cheooai•600 034

l' (l A O C H fM IC A l -S

Phone :044,3022664615614,Fax :[phone],www.kotharipetrochamicals.com

GA o uP

May 29, 20 17

Listing Department

Nationa lStock Exchange of IndiaLtd.ExchangePlaza

Bandra-Kurla Complex

Bandra [EJ,Mumbai -400 051Dear Sirs,

Stock Code -KOTHARIPET

Sub: Declaration in pursuant to Regulation33(3)(d)of the SEBl(Listing Obliga tions andDisclosures Requirements) Regula tions,2015.

I. InCompliancewith theprovisions of Regulation33(3)(d) of theSEBI(List ing Obligationsand Disclosures Req uirements) Regulations,20 IS. we hereby declare thatM/s.R.Subramanian and Associates LLP,Chartered Accounts (FRN -004137S),Statutory Audi tors of the Company have issuedan Aud it Reportwith an unmodified opinion on theAud ited Financial Resultsofthe Company forthe year ended March 3I ,2017.

2.Thisis for yourkind infonnationand records.

Thanking you

Yours faithfully

flirothari Petrochemicals Limit-ed

Cyrus allupu rackal Chief f inancial Officer

Plant :

112·8 3315Sathangadu Village,Manali,Chennai·600 066, India,Phone [phone] 1309,Fe,[phone]

CIN :LtItO tTNt989PLCOt7347 TINNo.:3352388!406

CSTNo. 21711trdi.20·12·1999