NIRLON LIMITEDWestern Express Highway,Goregaon (E), Mumbai - 400 063.T +91-22-4028 1919 / 2685 2256 -59.F +91-22-4028 1940.www.nirlonltd.com, Email: info@nirlonltd.comCIN: L17120 MH1958PLC011045

;k NIRLON

The Secretary,BSE Limited,

P.J. Towers,

Dalal Street,Mumbai- 400 001.

February 6, 2020

Security Code: - 500307

Dear Sir,

Sub: Further to our letter dated February 5, 2020

Ref: Regulation 47(1) (b) of SEBI (Listing Obligations

Requirements) Regulations, 2015 - PublicationFinancial Results for the 3'd Quarter and Nine

December 31, 2019

and Disclosure

of Un-audited

months ended

Please find attached Certified True Copy of Uri-audited Financial

Results for the 3'd Quarter and Nine months ended December 31,2019, published in Newspapers i.e. Business Standard (in English) and

Navakal (in Marathi), both dated February 6, 2020.

Kindly acknowledge receipt of the letter.

Thanking you,Yours faithfully,For Nirlon Limited

(a|gm4~Jasmin K. Bhavsar

Company Secretary, V. P.

Encl: a/ a

!,';;";;"o\ '(Legal) & Compliance Officer

mumbai i thursday, 6 february 2020 Business Standard

-F

4,r NIRLON LIMITED(CIN: L17120MH1958PLC011045)

Registered Office : Pahadi Village, off the Western Express Highway, Goregaon (East), Mumbai 400 063.Tele : + 91 (022) 4028 1919/ 2685 2259/58/59 Fax No. : + 91 (022) 4028 1940

Email : info@nirlonltd.com, Websito : www.nirlonltd.comI 0 I g g

, , '

I W 0 ° p

0 " ' U i 0 b 0 i : " t 0

· « in Lakhs)

Sr. , 2uuter Endec Nine Mon hs Ended Year EndedNo, Parttculars 31.Clec·19 3tSep·19 31·Dec-18 31·Dec·19 31·Dec.18 31-Mar·19

Unaudited Unaudited Unaudited Unaudited Unaudited Audited1 Income:

a Revenue from operations 7,660.34 7,582.86 7.751.80 22,780,17 22,171 64 29,866.50b Other income 24.09 22.96 13.54 71.34 107.38 130.48

Total income 7,684.43 7.605.82 7,765.34 22,851.51 22,279.02 29,996.982 Expenses:

a Employee benefits expense 130.67 122,08 '29.18 376.07 391.89 473.08b Finance costs Refer Note 3 599.16 1,144.46 1,835.76 2,717.94 5,209.12 6.971.66c Depreciation and amortisaticn expense 1,328.47 1.318.02 1.470.75 3,962.45 4,411.67 5,888,41d Property Management Expenses 825.14 756.10 731.12 2,252.87 2,174.89 3,256.25e Other exoerises 1,009.76 1.064.82 819,08 2,971.35 2,466.72 3,527.81

Total expenses 3,893.20 4,405.48 4,985.89 12,280.68 14,654.29 20,117.21

3 Profit before tax 1-2 3.791.23 3.200.34 2,779.45 10,570.83 7,624.73 9,879.774 Tax expense

-Current tax 715.91 454.27 655.08 2,007,46 1 841.09 2,396.88-Deferred tax (including Minimum Alternate Tax) 348 20 (273.37) 304.90 252.51 893.88 1,115.10(Refer Note 4)

-Tax in respect of earlier years - 299.58 - 299.585 Profit aftertax 3-4 2,727.12 2,719.86 1,819.47 8.011.28 4,889.76 6,367.796 Other comprehensive income

Items that will not be reclassihed - - -0.34 - - 0.71to proht and less (net of tax)

7 Total comprehensive income 2,727.12 2,719.86 1,819.13 8,011.28 4,889.76 6,368.50forthe period (5+6)

8 Paid-up equity share capital 9,011.80 9,011.80 9,011.80 9,011.80 9,011.80 9,011.80(Face value of T 10/- tier share)

9 Other Equity 26,234.3910 Earnings per share (EPS) of t 101- each

(not annualiged)a Basic % 3.03 3.0'2 2.02 8.89 5.43 7,07b Diluted T 3.03 3.02 2.02 8.89 5.43 7.07

See accompanying notes to the financial results

4otes :1. The results for the quarter and nine months ended December 31, 2019 were reviewed by the Audit Committee and approved

by (he Board of Directors of the Company at its meeting held on February 5, 2020.2. The Company has determined "licensing of investment properties" as a reportable segment as evaluated by the chief

operating decision makers for allocation of resources and assessing the performance. There are no other reportable segmentas per Ind AS 108 -Operating Segment.

3. During the quarter and nine months ended December 31, 2019, pursuant to the amendment in Ind AS-23 'Borrowing Costs",the Company has considered the specific borrowings obtained for completed phases as a pan of general borrowings.Accordingly, the finance cost amounting to t 1,176.40 lakhs and t 2,750.40 lakhs for the quarter and nine months endedDecember 31, 2019 respectively related to such borrowings has been capitalised as a pan d Capital Work in Progress. Thishas resulted in increase in the Basic & Diluted Earnings p6r Share (not annualised) by T 0.86 and t 2.01 for the quarter andnine months ended December 31, 2019 respectively.

4. Pursuant to the Taxation Laws (Amendment) Act, 2019 which is effective from Aphl 1, 2019, domestic companies have theoption to pay income tax at 22% pIus applicable surcharge and cess ('new tax regime') subject to certain conditions. Basedon the Company's assessment of the expected year of transiUon to the new tax regime, the Company has remeasured thedeferred tax liabilities at the newly enacted tax rate and has written oack an amount of t 2,089.59 lakhs. Further, (he Companyhas also written off Minimum Alternate Tax credit amounting to T 1,300.00 lakhs expected to remain unutilized on transition tonew tax regime.

" 5. The Company has applied Ind AS 116 'Leases' (Ind AS 116) using modified retrospective approach, under which the

cumulative effect of initial application is recognized as at April 1, 2019. Application of Ind AS 116 does not have any significantimpact on retained earnings as at April 1, 2019 and hnancial results of the Company.

6. The shareholders of the Company in their meeting held on September 3, 2019 approved final dividend of T 0.75 per shareaggregating to T 675.89 lakhs for the financial year 2018-19. Dividend Distribution Tax thereon is t 138.95 lakhs. The saiddividend was paid on September 7, 2019.

For and on behalf of the Board of Directorssdl-

Place : Mumbai MOOSA flazaPlace : February 05, 2020 CHAIRMAN

A;

Certified True Copy'=?"€::",aa'\

P

j. K. Bhavsar " 'Company Secretary, V. P.-Legal & Compliance Officer

F.C.S. 4178

S? %a—, "m":}"u3(":

aaiu$"le?- Mv %EFUR e imTa, QOQO

4r iaqmi·1 fMzm!!g(CIN:L17120MH1958PLCO11045)

~Faammu: q6m¶ra, 'nm u«9a KFTaat, 'Muia(yz) S'«-'°° °eaZNi.'i. : +¶?(o??) xo?c?q?q/'?Ecq?[kq/,%c/w¶ 'bawl +¶?(U?)XUU¶Xo

*. mm qq NAm a·rn±n ufimc 1 atfiMm q? fimc u ml vi3nMUNmm 3Rhmm 3nhmfm ! .3TanmmN ^ylrqmN MmftNra

' "m'

_31) amammF 'qvFT \9,EEo.a6 '9,4cQ.cE ON4?,Co U,\9¢o.'f\9 U,NT.Ex Q¶,c;EE.°¶o

q) 3FU . [1S.q q UAE t QAX B? .u 'I c¢.a¢ fQo.'SC

qF'T'mF '3,e\c\s.isq g,eo4.c? '9Nak.ax Ul€d.4? ?q,['9¶.o[ ?qA¶q.¶(s

a TTFf3a) mm snv aref ? Qq.E'3 ??? qc ?'Ul.?c m mg U?.g¶ %\9Q,qC

u) fE'Mu TFu (tN a qTKT) · 4VL?Ei ?,?isX.XE ?,ca'L'9E ?,\9V9.¶\S 4,qoqj a E,'W?.EE

's) URTU a =mim Waf ?,a Ql.6'3 ?,Q?C.oQ ?,y'go.®4 Q,'lEQ.xk ¥,¥ U Ab w&ccm

x) Rn?pnTT NUFum mf Cl's ?x \94E.Fo m.ri q,?4? 4'9 q,nx.c¶ a,a4E,a4

i V) 3fu trd ?,oo¶.% ?,qEX cl. Cf¶.o4 ?,'il'\9? .ak [,nE.\9q a^a\g.u

lqf~ a,c¶a.?o X,iSo<'d4 1stqck.cq ?at'u°Ac WjV«.Vt io?f?\g.aq

a im'm(?-a) a,'m.n a,[oo.a)s ?,¢¢¶.¥4 Qo,k'go:a g,e,q\snq ¶&wm

is ammiMnm ah7 '9fi'i ¶7 64¥ i'9 E'n-oc a oo\g.n 7,m.u q,qqq.cc

fNiM 'fi jNm 'nrhh Q7j ~) (* x m Tsc.[d ?WQ a0 qdy.¶o ?47 qy ¢¶P.¢C '1,7?4Jo

mmrdEurmfaw - 1¶¶ 4c - [¶¶.%4

4 ammm 'm (Q-y) ?,Gf\9.Y ?,\m.« LU ¶.x'3 c,m.ac y,cc¶.\9q E\,aa\9me. 3~FF*EnmEm==

' w-am qmmr a'ffqg 't ?mTFUT uraft - - -o a\s - - ·m(N'ms m

I 'g ' ?,66[\9.qq ?,'s? ¶.ca ?,u¶.?a c,ou.?c 'SfCCL0E\ E,aqc.ko

c wm wrmr 4mT (CMnNi 6. ?0/-= T) ¶,°?1 Cq q,o??.co . qoy ?.Co q,of'1 Co 4,U?.Go ¶,of ?.Cq

¶, 3f'u mvrr ' '?q,?ax.a¶

Po ~ '6. Q0/- um?r!=a3TT 3kw (im')

31) m (t) q.o a Q.q ? " 1.0 Q C.G q '¶,x a B.oB

u) thdm (t) a.° a 1 Q.o a [.d a CA¶ k.xq \9.ON.

NmTNwMmmlmamqm

iki? Tu at fbM Qopq aa'i Fiwnm mm 5 ·,n4!ki*S€alw| F~N dnmi'Nm miTAm} j-Hidd)M amm 3Tra m mm wrtaa' 'mm M c4 aqmr. ?q?o inn m ¢m?r?a¶ Frbh cufqt _

, ===N=r¶ M4humhrm T3t + Euf~M t-41+qTM atmm f'nm 4uF 7a¶s "Rmwn 'm" m M! m ~ qm poe w'M fNmTw am emmrMu\'u Mm 'mlt

q Tu u KQMt, ?o?q mn :mMr mm .7 '{sM|d\"w" "'"t;'\= m 'jc'L' =' 5Ummnl ma dmmm mm ws m rFF1 mLUf NmnFfm mm *+ Arm ORn ani ~ :raMMta' N. v MM. ?Qrq ikai m=ur 35Fa ~ a -p . mqdT ¥jFQ r lne xo mmm a T ?,\9'1Q.Xe mx ^ mrm Tr~6mmmnmtmmummm~urm Lmvw fit at N*ut, QqV m! lNAA| fmn a qmmm 3TjµA t F' a a ? q q? Ut ¥Nd a tMqm = !m)3n (¥d¥EN) Mmd Fm · -"

6 R¢. of qfkr. ?o?¶ qTTq smi 31mFUT mnw' amuA (¶UFM) «iuqi. Lo!q Fur= HTEmimuT 3^h, 7[36 w ~ ~ a = (MM 'n Om) mmNurm wk W "AM 6t Uquh6ui wMmrm aMCra M6tt amiem fWkUTrsqr mmm, A7m 3rfimFum ant ='fiNTm ft anikrara V mmU 3ni a t qnu 4¶ Fm Wsnf NiMMt am m $0

ma m 'ant Uhhmm wmamm armfka nµumut 3Nita t p,qoq ooima swrdM faimFr qzrfm w qa Sq MM hut m

'L sUm +m marm m' m ai'rM 3Tun5-ra=!e, ylj¢b'|( (~ qgy m) imzamn M ·mnm mm6 mmFmm qm ma % oR qfM, 1u¶ ~ 'Rum 3'1N ~P mm*mmmT el o?m.?o?¶. l'mumN13NwznlaEmqTMmf'NMaUNmmm6~m

e = ¶TFrm=a = Ta. q? .,gd', ?o?¶ Ml 3m Pa cNa Mu ad ?oPC-t¶ aAm lNAa ? v^ ¢q am Fquhmm 91M3f' t 0 '04 m arfm mnvm qn Ml m ~m ~~rebT t ?1¢ 'n ffm m m q';' Fn'nm fq o's'wZQt tmM bcir 3ha " -'y

fmT :~: ok , QUo

m¶~umRmumw^MirTr' 'W

~6

Certified True Copy

?g%"=nmJ. K. Bhavsar ± .

Company Secretary, V. P.-Legal & Compliance Off:cerF.C.S. 4178

,R"'?"a, z ,7Nue:cjR- '.,, i ,.· *

^"Um"Qp'