Post on 14-Jul-2020
Foods 8: InnsFebruary 12, 2019
To
The Secretary,
Bombay Stock Exchange Limited,lst Floor, Phiroze Jeejeebhoy Towers, Dalal Street,Mumbai — 400001
Scrip Code: 507552
Subject: Outcome ofthe Board Meeting held on Tuesday, February 12, 2019.
Dear Sir,
Pursuant to Regulation 33 and 30 of Securities and Exchange Board of India (Listing Obligationsand Disclosure Requirements) Regulations, 2015 we would like to inform you that the Board ofDirectors of the Company at its meeting held today has intero/ia:
a. Approved the Unaudited Financial Results as per IND-AS for the quarter endedDecember 31, 2018.
h. Approved the adoption of new logo in place of earlier logo.c. Approved to divest its entire stake in Pharmpak Private Limited, Wholly owned
Subsidiary Company. The details of transaction which is required to be furnished to thestock exchange on sale or disposal of its subsidiary Company is enclosed hereto asAnnexureA
cl. The Company has been able to monetise the property at Chembur, Mumbai in October2018 which has been accounted for in the results of Quarter ending Dec, 2018
e. The Board recommended that the employees of Foods and Inns Limited be providedwith a one time ex gratia payment before the year ending 31.3.2010
f. The board is considering to reward the shareholders appropriately for which variousoptions are being evaluated. The Executive committee to submit the various optionssuch as bonus issue, Buyback of shares or declaration of special dividend to the boardfor its consideration and approval.
The meeting of the Board of Directors commenced at 6:00 pm. and concluded at 7.30 pm
Thanking you.
Yours faithfullyFor FOODS AND IN S LIMITED
BHUPENDRA DALAL
CHAIRMAN
Foods a. Inns Lid.
Corporate Address: 3rd Floor, Diilwich Mansion. 224 Tardeo Road. Mumbai 400007
+91722-23533104 I wnteious@1oodsandmns com I wwwfoodsandrnns 50ml cm No L55200MH1967PL0013837Registered Address: Udyog Bhavan. 2nd Floor, 29 Walchand Hwachand Marg. Ballard Estate. Mumbai 400030
Foods & lnns
ANNEXURE A
The details as are required under SEBI (LODR) Regulations, 2015 for sale of disposal of units
or divisions or subsidiary of the listed entity are mentioned below:
Particulars
required
of info "nation Particulars of information provided
A. The amount and percentage of the
turnover or revenue or income and
net worth contributed by such unit or
division of the listed entity during thelast financial year
Amount ofTurnover- Rs. 132 Lakhs
Peroentagc of the turnover- 0.4196Networth - 0.34%
B. Date on which the agreement for sale
has been entered into
Not entered into as of date and expected to Signthe agreement before 28-02-2010
C. The expected date of completion of sale Before 31*1Mamh, 2mg
D. Consideration rcxxzived from such sale As per the valuation report from merchant
bankers but in any case not less than Rs. 2.25Crores
E. Brief details of buyers and whether anyof the buyels belong to the promoter/promoter group/group companies. If
yes, details thereof
The acquirer/ buyer is being short listed by the
Bonn“! and is subject to final negotiations.
The buyer does not belong to
promoter promoter group/ group companies.F. Whether the transaction would fall
within related party transactions? If
yes. whether the same is done at “arms
No, the transaction would not fall within related
party transactions
length”
G. Additionally, in case of a slump sale,indicative disclosures provided for
amalgamation/merger, shall bedisclosed by the listed entity with
respect to such slump sale
Nolapplicahle
For FOODS AND INNS LIMITED
BHUPENDRA DALAL
CHAIRMAN
Foods & Inns Ltd.
Corporate Address: are H001, Dutmch Mansion. 224 Tardeo Road, Mumbal 400007
45142723533104lwmetous@foodsandmns oom \ wwwioodsandmnswm \ CIN No L55200MH1967PLCU13837
Registered Address: Udyng Bhavan. 2nd Floor. 29 Walchand Huactend Marg, Bailard Estate, Mumbai 400036
G. M. KAPADIA & CO.(REGISTERED)
CHARTERED ACCOUNTANTS
1007, RAHEJA CHAMBERS, 213, NARIMAN POINT, MUMBAI 400 021, INDIA
PHONE: (9142p 6611 6611 FAX : [91722|66116600
Independent Auditor’s Limited Review Report on the Unaudited Standalone FinancialResults of Foods and Inns Limited for the Quarter and Nine months ended on December31, 2018 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
To
Requirements) Regulations, 2015
The Board of Directors
Foods and Inns Limited
Mumbai
1‘ We have reviewed the accompanying statement ofunaudited quarterly standalone financial
results ofFoods and Inns Limited (“the Company") for the quarter and nine months ended
on December 31, 2018, (“the Statement”),being submitted by the Company pursuant to the
requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated
July 5, 2016.
This Statement, which is the responsibility of the Company's Management and approved
by the Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Indian Accounting Standard 34 “Interim Financial
Reporting” prescribed under Section 133 of the Companies Act, 2013 read with the relevant
rules issued thereunder and other accounting principles generally accepted in India. Our
responsibility is to issue a report on the Statement based on our review.
2. We conducted our review in accordance with the Standard on Review Engagement (SRE)
2410 “Review of Interim Financial Information Performed by the 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 of material misstatement. A review is limited primarily to inquiries of
company personnel and analytical procedures applied to financial data and thus provides
less assurance than an audit. We have not performed an audit and, accordingly, we do not
express an audit opinion.
Gr M. KAPADIA 8: CO.
3. Based on our review conducted as above, nothing has come to our attention that causes us
to believe that the accompanying Statement, prepared in accordance with the aforesaid
Indian Accounting Standards and other accounting principles generally accepted in India,
has not disclosed the information required to be disclosed in terms of Regulation33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with
SEBI circular noiCIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in
which it is to be disclosed, or that it contains any material misstatement,
For G.M. KAPADIA & CO.
Chartered Accountants
irm Registration. No. 104767W
Atul Shah
Partner
Membership No. 039569
Place: Mumbai
Date: February 12, 2019
mansANDINNSLIMH'ED
CIN:L55200MH1967PLC013837Kengflice:
UdvogBhavan,2nd
Flanr,29
WalchandHilamandMalg,BallardEstile,
Mumbzi400032.
Ph
Nu.23533103/O4/05,FaxNo.23533106/07E-ma
‘wVIletou$@fDDdsandinns.mmWebsltemwwlcodSandlnns
corn
SYATEMENTor
SYANDALONEUNAUDITEDFINANCIALRESUL‘ISFORTHEquAnERANDNINEMONTHSENDEDDECEMBER31,
2012
(3
In
Lakhsexcept(PS)
quanerended
NineMonthsended
Vearended
Paniculars
December31,2012
sememher30,2012
Decemhu31,
2017
December31,
2012
December31,
2017
Mzrch31,
2012
Una-mired
unaudned
Unaudled
Unaudited
u
"audited
And-red
I
RevenuefmmOperatluns
7,502.91
6,67459
7,242.77
20,711.22
21,59347
30,25411
other(meme
954.10
224.22
30092
1,52277
622.45
1,230.25
IuralIncome(I
+
II)
2,463.01
6,299.47
2,143.75
22,233.99
22,221.92
32,624.36
Expenses a
0051cf
MarenaIsConsumed
977.25
4,012.77
947.02
16,210.46
12,462.16
19,735.15
Purchaseof
Stockamwraae
650.67
347.91
109.54
1,122.54
442.42
541.25
ChangesIn
)nvenmnesof
FInIshedgoodsandSmckdrflrade
4,02763
(1,001.75)
4,59032
(5,05721)
(6,277.07)
(91.11)
EXCISEDutyExpenses
A
a
<
e
164.17
154.17
EmproyeeBenemsExpense
413.95
510.04
366.74
1,321.36
1,196.24
1,657.74
FInanceCosts
356.56
341.69
630.46
1,025.10
1,650.47
1,724.17
Depretlauon,AmomsationExpensesand
ImpairmenrExpenses
249.21
225.30
124.26
72.5.65
737.34
952.63
h
OtherExpenses
1,442.01
2,522.21
1,142.59
6,326.33
5,402.02
7,124.91
TeraIExpenses(:
to
n)
2,123.22
6,952.17
7,971.65
21,913.63
21,790.47
31,934.92
)1
TatalProfit/(L055)beforeExcep
naI
hemandTax
339.13
(52.70)
172.10
320.36
491.45
749.44
v
Excepuonatems(nererNote5)
13,241.34
.
-
13,241.34
.
.
V
I
Profit/(LOSS)helm:Tax(V-VI)
13,580.47
(55.70)
172.10
13,561.70
491.45
749.44
V
>
TaxExpense
a
CurrentTax
2,965.00
(14.22)
19.00
2,962.22
53.76
270.00
0
Deferredrax
(2.61)
(2.67)
(6.53)
2.29
(72.05)
(149.14)
maIm
expenses
2,962.39
(17.55)
12.47
2,971.71
(12.29)
120.26
Ix
NetProfit/
(Loss)Iorthe
perIodanerTax
10,612.02
(41.15)
159.63
10,590.00
509.74
528.58
x
mhercomprehensiveInmme(neraflax)
A.
Itemsthatw
not
be
redass
ed
subsequenuyto
Front/(L055)
Remeasuremem(gain/(lossnolnetdeflnedbenefit
30)
ry
(1.22)
(1.22)
(6.44)
(5.46)
(12.03)
7.27
EIrecz[gain/(1055)]of
measurmgequiryinnrumentsat
lairvamethroughon
(0.33)
(0.65)
1.34
(1.26)
0.25
(1.47)
)ncometaxon
above
0.64
0.64
2.13
1.91
5.96
(2.40)
2.
Itemstnarw
lberecIassmedsubsequentlymFront/(Lass)
FarrVamechangesan
Der‘
atwesde
'gnaredas
cashHowHedges
.
.
-
-
75.24
.
Incometaxon
above
—
.
.
.
(24.22)
-
orherComprehensiveIncome
(1.51)
(1.25)
(2.97)
(5.41)
32.54
3.40
Total
comprehens'e
Income(or
me
perrocuromp
ng
Profit/(loss)and
Other
x)
comprehen
2
Income(orme
period)(IX6X)
10,616.57
(43.00)
156.66
10,524.59
542.22
631.92
x
Pad-upEquIy
shareCap
aI
(Facevalueof
i
1
each)
167.79
167.79
160.59
167.79
15059
164
19
seem-eon
7,634.05 7,792.24
)0
omerEquzrv
XIV
Netwom)
”VA—
xv
EammgsPershzre(Nal
annuased)
new(In
3)
63
27
(0.25)
0.99
63.72
3.17
3.91
D
med
(In
?)
63.27
(0.25)
0.92
63.72
3.14
3.29
Mares: 1
rileatmvefinancialresultshavebeenreviewedby
the
AuditCommitteeand
approvedby
tire
Boardol
Directorsat
its
meetingireldan
Fehluary12,
zmsnheStatutoryAuditorshavecarriedout
mitedreviewat
the
resultsfur
the
quarterandNinemcnlhsendedDecembel31,
2012,
2
Financecastsslrdwnatmveis
netof
Interestsubaventlenon
ore-shipmentandpast-ShipmentEiedllu
(t
In
Lakhs)
Quarterended
NineMuntlrsended
Vear
ended
Paniculars
December31,1013
Septemberso,
1013
netemher31,
2017
December31,
2011
December31.
2017
Miami.31,1015
Unaudited
Unaudited
unaudited
Unaudited
Unaudned
Au
ted
interestxuhavenflnnon
Dre-shipmentandpostasnipmentcredit
59.9
80,54
75.93
215.49
156
9
333,54
shareal
the
latevalueat
310each
wassubdividedinto
in
EquitySharesol
1
1
eachand
acmrdingiy,Earningsper
sharelor
all
the
3.
DurinuheIastquarter,
pursuantto
sub-if
islnnoh’heEquizyslnaresoitheCompany,eachin
‘
pleviousquartersis
computed(ans
3
lacevalueas:
1/-
Salesfor
thequarter
Apri|1,2017to
Juneso,
2017
elusivenl
exciseduty
saleslor
theperiod)uly1,
2017(o
Decemher31,
2018is
netat
Goodsand
ServicesTax,Accordingly,the
amounlsarenot
comparable,
Duringthe
euanertheCompanyhas
soldthe
factoryland
alongwith
strunuretiiereuriat
Deonar,Mumbaifora
considerationof?
14,745Iakns.
A;
theCompany'sbusinessactivilv[illsWKhlnz
smglabusinesssegmentintermscl
IndAS
108
an
"OperatingSegmems"
,
the
tirefiguresof
Conespofldingplevmuspencehavebeenregmuped/
reclassmedwherevel
necessary,to
mniirmto
tinsp
'
Byorderaltneeoard
ForFOODSANDINNSMMITED
disclosure.
«writer;
lhupemiraDahl
chairman DIN:0M6|492
Plate:Mumbzl
Date
:
February12,2019
SI
,irml:FOR
IDENTII‘HA
i
nr
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