‘Gokul Retails & Solvent Ltd. · ‘Gokul Retails & Solvent Ltd. Corporate once: I] ‘Gokul...

Click here to load reader

  • date post

    20-May-2020
  • Category

    Documents

  • view

    5
  • download

    0

Embed Size (px)

Transcript of ‘Gokul Retails & Solvent Ltd. · ‘Gokul Retails & Solvent Ltd. Corporate once: I] ‘Gokul...

  • ‘Gokul Retails & Solvent Ltd.Corporate once :

    ‘Gokul House‘, 43 Shrsemali Co—ag. Housing Society Ltd.

    I] Opp. Shikhar Building. Navrangpura,

    GOKUL

    Ahmedabad-SED 009. Gujarat (India)Fh. : +e1—79—se3m555, 6666253154155

    Fax 91-79%304543 Emll : grslggokulgmpmm

    May 27, 2019 cm : L151426J1992PL001B745

    T0, T0,

    Dept. ofCorporate Services, National Stock Exchange of India Ltd.

    BSE Ltd. Exchange Plaza,25m Floor, Phiroze Jeejeebhoy Tower, Plot no. Cl], 0 Block,Dalal Street, Fort, Bandra—Kurla ComplexMumbai ,400 001 Bandra (E) Mumbai - 400 05l

    Company Code1532980 SymlthOKUL EQ

    Dear Sir/ Madam.

    Sub: Outcgme of Board Meeting held today

    Start Timefi. 3 9 I’rm‘ Conclusion Time: 3 ‘ 00 jim-

    In compliance to the provisions of SEBI (LODR) Regulations 2015. we have to inform you that at

    meeting of Board of Directors held on Monday 27, 2019 following have been approved:

    1) Audited Financial Results for fourth quarter and year ended 3|,03r2019r

    2) Re-appointment of independent Director:

    The following persons have been re-appointed as independent Director subject to the

    approval of shareholders for a second term of five years up to the conclusion of the 31“

    Annual General Meeting ofthe Company in the calendar year 2024,

    l. Mr. Piyushchandra Vyas

    2 Mn Karansinh Mahida

    3. Pro£(Dr) Dipooba Devada

    3) Consented for Striking off name of M/s Gokul Refoils Pte Ltd— Singapore (wholly owned

    foreign subsidiary of the Company) in accordance with the provision of SingaporeCompanies Act (Chapter 50)

    We are enclosing herewith the following:

    o The copy of the said result along with the Auditor Report submitteo by the StatutoryAuditors of the Company

    0 Declaration in terms ofRegulation 33(3)(d) ofSEBI ( LODR) Regulations, 2015

    W. Mel swm :Slate Him N041, Nr. Sldallpfil Patti. $me 151. Dist. Faun, Gujml (India)Phone: 14767-222075, 220975 FBX : +91-Z767-223475 Emil :gllewhlglwp,wm

    NIIdL! may Unit : JtL.N. 1119. Plot No. NearEM Fwd Pump. HPL Link Road, P. 0‘ Debmg City Centre.RSV Bhabsmam. Haldia m - Msdanlpw - 721657 (West Bengal) Plan: 03224 252839

  • liflKlll.

    Gokul Reloils & Solvent Ltd.Corporate Olfioe:'Gokul House", 43 Shresmall Oo-op. Housing Socimy LtdOpp. Shlkhar Building. Nawangpura.Ahmedabadaao m9. Gujarsl (India)Ph. : +91—79-55304555, 66615253154155Fa 91—79—663m543 Emlil : gumokulgmpsom

    CIN : L1 51 “GMWZFLCM £745

    - The brief Profile of the aforesaid Independent Directors along with other details.

    You are requested to take the above on record.

    Thanking you,

    Yours tmly,

    For, kul Refuils & Solvent Limited

    Vijay Kalyani

    Company Secretary & Compliance Offieer

    w. 01M- A Wm 25mm ng'lway N041. Nr Suhnw Pails, SHhW-GM 151. Disl. Pita", Gujalal (India)Phone: +91-2757-222075‘ 220975 Fax : \‘91-2757—223475 E-meil :[email protected]

    Hlldll Minty UMI:J.L.N.1$9.F|0Q No. Neal Essa! PeIml Pmnp. HPLLlnk Road, P. 0. Daohog Oily Came,RS. Bhuhanlw, Haldia Puma - Medanipur-7Z1657 [Wssl Bengal) Phone : 03224 252339

  • M. M. THAKKAR & Co.CHARTERED ACCOUNTANTS

    1, Galaxy Commercial Centre, 1St Floor, Jawahar Road, Rajkot- 360001.Phones: (0281) 2224290 . e—mail: [email protected]

    Auditor’s Report on Annual Financial Results and Year to Date Results of the Company Pursuant to the

    Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

    TO THE BOARD OF DIRECTORS OF

    Goan Refoils & Solvent Limited

    We have audited the Standalone Annual financial results ("the statements”) of GOKUL REFOILS &

    SOLVENT LIMITED (The Company) for the quarter and year ended 31‘I March, 2019 attached

    herewith. being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI

    (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that

    the figures for last quarter ended 31“ March. 2019 and the corresponding quarter ended in the previous

    year as reported in these standalone annual financial results are the balancing figures between audited

    figures in respect of full financial year and the published year to date figures up to the end ofthird quarterof the relevant financial year. Also. the figures up to the end of third quarter had only been reviewed andnot subjected to audit.

    These standalone annual financial results have been prepared on the basis of the Standalone annual

    financial statements and reviewed quarterly standalone financial results which are the responsibility of the

    company‘s management. Our responsibility is to express an opinion on these standalone annual financial

    results based on our audit of the Standalone annual financial statements, which have been prepared in

    accordance with the recognition and measurement principles laid down in Companies (Indian AccountingStandard) Rules.2015 under Section 133 ofthe Companies Act. 2013 read with relevant rules issued there

    under; or by the Institute of Chartered Accountants of India. as applicable and other accounting principlesgenerally accepted in India

    We conducted our audit in accordance with the auditing standards generally accepted in India. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether the

    standalone annual financial results are free ofmat'erial misstatement(s) An audit includes examining, on atest basis. evidence supporting the amounts disclosed as standalone financial results An audit alsoincludes assess' g the accounting principles used and significant estimates made by management. Webelieve that out audit provides a reasonable basis for our opinion.

    In our opinion and to the best of our information and according to the explanations given to us thesestandalone financial results:

    I. are presented in accordance widt the requirements of Regulation 33 of the SEBI (Listing

    Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

    ii. give a true and fair view ofthe net profit, other comprehensive Income and other financialinformation for the year ended 31Sl March, 2019

    For. M, M, Thakkar & Co.

    Chartered Accountants

    F im'I Registration Nd‘: ILIQQOSW

    'JD. M. Thakkar

    Partner

    Rajkot. 27‘“ Ma).2019 ‘».

    I

    '7

    :i' Membership No.:103762

  • M. M. THAKKAR & Co.CHARTERED ACCOUNTANTS

    1, Galaxy Commercial Centre, 1St Floor, Jawahar Road, Rajkot- 360001.Phones: (0281) 2224290 . e—mail: [email protected]

    Auditor’s Report on Annual Financial Results and Year to Date Results of the Company Pursuant to the

    Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

    TO THE BOARD OF DIRECTORS OF

    Goan Refoils & Solvent Limited

    We have audited the Standalone Annual financial results ("the statements”) of GOKUL REFOILS &

    SOLVENT LIMITED (The Company) for the quarter and year ended 31‘I March, 2019 attached

    herewith. being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI

    (Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that

    the figures for last quarter ended 31“ March. 2019 and the corresponding quarter ended in the previous

    year as reported in these standalone annual financial results are the balancing figures between audited

    figures in respect of full financial year and the published year to date figures up to the end ofthird quarterof the relevant financial year. Also. the figures up to the end of third quarter had only been reviewed andnot subjected to audit.

    These standalone annual financial results have been prepared on the basis of the Standalone annual

    financial statements and reviewed quarterly standalone financial results which are the responsibility of the

    company‘s management. Our responsibility is to express an opinion on these standalone annual financial

    results based on our audit of the Standalone annual financial statements, which have been prepared in

    accordance with the recognition and measurement principles laid down in Companies (Indian AccountingStandard) Rules.2015 under Section 133 ofthe Companies Act. 2013 read with relevant rules issued there

    under; or by the Institute of Chartered Accountants of India. as applicable and other accounting principlesgenerally accepted in India

    We conducted our audit in accordance with the auditing standards generally accepted in India. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether the

    standalone annual financial results are free ofmat'erial misstatement(s) An audit includes examining, on atest basis. evidence supporting the amounts disclosed as standalone financial results An audit alsoincludes assess' g the accounting principles used and significant estimates made by management. Webelieve that out audit provides a reasonable basis for our opinion.

    In our opinion and to the best of our information and according to the explanations given to us thesestandalone financial results:

    I. are presented in accordance widt the requirements of Regulation 33 of the SEBI (Listing

    Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

    ii. give a true and fair view ofthe net profit, other comprehensive Income and other financialinformation for the year ended 31Sl March, 2019

    For. M, M, Thakkar & Co.

    Chartered Accountants

    F im'I Registration Nd‘: ILIQQOSW

    'JD. M. Thakkar

    Partner

    Rajkot. 27‘“ Ma).2019 ‘».

    I

    '7

    :i' Membership No.:103762

  • M. M. THAKKAR & co.CHARTERED ACCOUNTANTS

    1, Galaxy Commercial Centre. 15‘ Floor, Jawahar Road, Rajkot- 360001.Phones: (0281) 2224290 - e-mail: [email protected]

    Auditor's Report on the audit of the consolidated annual financial results of the group with the last quarterfinancial results being balancing figures Pursuant to the Regulation 33 of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015

    TO THE BOARD OF DIRECTORS OF

    Gokul Refoils & Solvent Limited

    1. We have audited the Consolidated Annual financial results ("the statement”) of GOKUL REFOILS &

    SOLVENT LIMITED (The Company). its subsidiaries (collective referred to as the ‘Group’) and itsassociate for the year ended 31“ March. 2019 attached herewith, being submitted by the company

    pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure

    Requirements) Regulations. 2015.

    2. These Consolidated annual financial results have been prepared on the basis of the consolidated annualfinancial statements which is the responsibility of the company’s management. Our responsibility is to

    express an opinion on these Consolidated annual financial results based on our audit of the Consolidatedanimal financial statements, which have been prepared in accordance with the recognition andmeasurement principles laid down in Companies (Indian Accounting Standard) Rules.2015 under Section133 of the Companies Act. 2013 read with relevant rules issued there under; or by the Institute ofChartered Accountants of India. as applicable and other accounting principles generally accepted in India.

    3. We conducted our audit in accordance with the auditing standards generally accepted in India. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether theconsolidated annual financial results are free of material misstatement(s). An audit includes examining,on a test basis. evidence supporting the amounts disclosed as consolidated financial results. An audit alsoincludes assessing the accounting principles used and significant estimates made by management. Webelieve that our audit provides a reasonable basis for our opinion.

    An audit involves performing procedures to obtain audit evidence about the amounts and the disclosuresin the Statement. The procedures selected depend on the auditor’sjudgment. including the assessment ofthe risks of material misstatement of the Statement, whether due to fraud or error. In making those riskassessments, the auditor considers internal control relevant to the Parent’s preparation and fair

    presentation of the Statement in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on the Parent’s internal financial control with referenceto the Statement. An audit also includes evaluating the appropriateness of the accounting policies usedand the reasonableness of the accounting estimates made by the Management, as well as evaluating theoverall presentation of the Statement. We believe that our audit provides a reasonable basis for our

    opinion.

  • M. M. THAKKAR & CO.

    CHARTERED ACCOUNTANTS

    1. Galaxy Commercial Centre. 15‘ Floor, Jawahar Road, Rajkot- 360001.Phones: (0281) 2224290 - e-mail:MW

    4. The Statement includes the results ofthe following entities:

    a. the Subsidiaries:

    l. Gokul Agri International Ltd.2. Professional Commodities Private (step down subsidiary)3. Gokul Refoils Pte Ltd. Singapore

    b. the associate:

    l. Gujarat Gokul Power Ltd.

    5. (a) We did not audit the financial statements / financial infomation of 2 subsidiaries included in the

    consolidated annual financial results. whose annual financial statements / financial information reflect

    total assets of Rs. 44302.06 lakhs as at Slst March, 2019. total revenues of Rs.219799.44 lakhs, total net

    profit / (loss) after tax of Rs.915.78 lakhs, total comprehensive income/ loss of Rs.18.62 lakhs and cashout flows (not) of Rs.(31 1.1 1) lakhs, for the year ended on mat date, as considered in the consolidatedfinancial results.

    The consolidated annual financial results also include the Group’ 5 share of net profit/loss of Rs. Nil andtotal comprehensive income/ loss of Rs. Nil for the year ended 3lst March 2019In respect of 1 associatewhose financial statements / financial information have not been audited by us. These annual financialstatements or financial information have been audited by other auditors whose reports have beenfumished to us by the Management and our opinion on the consolidated financial results, in so far as itrelates to the amounts and disclosures included in respect of these 2 subsidiaries and i associate is based

    solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3above.

    (b) The consolidated financial results includes the unaudited financial statements/ financial informationof l subsidiary located in Singapore whose financial statements / financial information reflect total assetsof Rs.20.88 lakhs as at 3lst March. 2019, total revenue of Rs.Nil, total net profit/(loss) after tax of Rs.(560) lakhs . total comprehensive income/ loss ofRs.Nil and cash out flows (net) ofRs. (29.09) lakhs forthe year ended on that date. as considered in the consolidated financial results. These financial statements/financial information as furnished to us are unaudited and have been prepared by the Company’sManagement in accordance with accounting principles generally accepted in Singapore Our opinion onthe Statement. in so far as it relates to the amounts and disclosures includedIn respect of this subsidiary, ,is based solely on such unaudited financial statements/financial information in our opinion and accordingto the information and c\planations given to us by the Management these financial statements / financialinformation are not material to the Group.

    Our opinion on the Statement is not modified in respect of the above matters with respect to our relianceon work done and the report of other auditors and the financial statements certified by the Management.

  • M. M. THAKKAR & CO.

    CHARTERED ACCOUNTANTS

    1. Galaxy Commercial Centre, 15‘ Floor, Jawahar Road. Rajkot— 360001.Phones: (0281) 2224290 - e-mail: [email protected]

    6. In our opinion and to the best of our information and according to the explanations given to us

    and based on consideration of reports of other auditors on separate financial statements of the

    subsidiaries and associate as aforesaid. these consolidated annual financial results:

    (i) Include the annual financial results of the entities mentioned in para 4 above;

    (ii) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing

    Obligations and Disclosure Requirements) Regulations. 2015 in this regard; and

    (iii) give a true and fair view of the net consolidated profit and other comprehensive Income and

    other financial information for the year ended 31‘I March, 2019.

    For, M. M, Thakkar & Co.

    Chartered Accountants

    Firm Registration 110;]10905W

    /

    < l'

    .

    7/4

    D. M. Thakkar

    Partner

    Rajkot. 27'" May. 2019 Membership No.:103762

  • Gnkul Beloils & Solvent le.Corpolam Ofice :‘Gokul House' 43 Shleemall Coop. sti Soci Ltd.

    Opp. Shikhal Building, Navlangpula,"9 my

    Ahmsdsbad-aso one. Gujarsi (India)

    a 0 K "I.Ph. +91-7S—66304555. 65615253154155

    Fax +91-79-65304543 Ema-l gnlegokulgmuymm

    cm : L1514264199mco1a145

    GOKLIL REFOILS AND SOLVE?" LIMII’ED

    Sal: Hlfllwly Noll, N7. Sullnpur Pull, Sithr-SMISI

    Luau HM Namibia In: all-ml And VII! Ind-d 3m MIMI, mls

    on In lam;

    Sllndaldne Flnln‘lfl Rewlu Cunsolldamd Fimnflll Result

    mum Illdnd mull! Imd Qulmr tndsd VailEndtd VIII Ended VIII Endld VIII Ended

    3; lama"...mama 31.11.10" mum 31.03.an 3mm:-

    31.03.2019 swam:

    “mg _ .u.......... “gm; (1mm!) 5...... “5...... .........

    mummommm7...... m 5...... m... ..,........ “9.5.9.... 195,775.07

    mm m...2...... .5... ms. mass m... m... .9...»

    . 1.... m...m... .55... mm W... 2.57.... 2......“ 2......»

    . 5......can 34 Mlhllals ”Humid um

    - 10.00) 0.00 0.00 170,105”“0,058.45

    Pm»...- uf Slack-ln-Ynde 753.06- 5,152.17 790.55 15 921.2) 56,254 El 45,2".‘7

    Calm: In lnvenlnrlu of «NM loads, walk in (3 El)- (um)

    - 2,213.95 9055‘ 942.10

    mm....

    -.

    ..

    . 40,25

    Empk‘rvee hen-1m expel“:24.52 62 53 54.25 200.17 483.77 1,429

    97 1.53157

    "mm... £1.13$2.52 27.35 54.21 .9... ms... 3......

    .W............m.......x.....us .55 4,55 17,37 .5...

    501.61 .5...

    map...“177 .. 52.5. 2.7... 457.55

    . .5... 7.27455 9,245.15

    le| M55 1.050.“”2.19 6 525.47 I 535.)! 20.1537 115 "Ml 200.341.“

    III Pm‘mllms) helm mllunal lulu; Ind tax [I- (10.13) [35.21) (500.0!)

    “7.70 [3095]) I “1.13 Enid

    IV Emzplianil “em; (Refer Mm-. 3) (211) (19.95)

    29.73 (32.35] (ZJEIJZ) (32.35) (2,475.27)

    V Filth/(lass) bail"! in [Ill- W] (73.15) (65.10]

    (.70.le “535 (3.1“.34) M." (153137)

    v. m . ..

    .. mm... mm5....

    . 110.20 . 5.. 5: 3....

    5mm... .53....(1355) In...) 5.... (mus)

    m... s...

    .lmums»...pm.s...m......y..... (.5... (143.65) 0....) In... .39....

    411241)

    .lm..,................30.57 “295) m...

    . (11M).

    [42.91) [13.71) [214.71]ill—3| “1753) 565—55 330.41

    VII Nu ruin/(boss) Gram crummy mlvllles If"! (3.17)(51.18) (255.51) ITS-M (1,930.51) 1,133.23 (1,959.15)

    v... ....mum“...www.mflm.

    ,

    . am . 2......2. .9...”

    .x 5......“s......o............mm....

    ..

    . 57m . 5......

    Wm...“mm mm)

    .. [slam

    . .5...

    X M Pram/(Loss) hum dlmninuld window! (0.00)M10 0.00

    - 1,008.03- 1.37154

    X1 Nu Pmfiilimn) In till panod my tax (VII 00 [30.17] (SUI)[25553) 2710‘ “71.11) L181!

    MID

    XII other Compmhaclsive Inmme (Exp-uses)- (NI). [4 75) 0 26

    0.99 (4.04] 3.95 M.“ (£63)

    xm ..,...c........................x.. (.5... .5...)(25455) 259.00 mu.) 1157.50

    .9...

    xlv m... mm...“ .m. mm“... m:

    ., w...

    h) Nan-(unlmlilu lnleun‘

    xv "mm...s...c.....l.;...v......... 2...... my...2...... 2...... 2.5.7.... 2...... my...

    XVI mnllu p91 Emmy shin: [lot MIMI)!"

    m km...) (0.02) (am)(a .9. 0.1) .2 .5. 0.90 n...)

    (h) )mluudlks,) (0.02) (nu)(9.15) 0.2: (2.25) can (may

    XVI hull". DI! qunvshlll (fur dimllnlkd

    (a) )Iulclfis.) (0.00)0 00 0 01

    - 2.14 - 2.15

    (la) )Dllubdlks.) (ma)000 nm

    - z u - 2.13

    XVII Elmln: per lanky shill tin! dlswmjmnd In

    I.) plums.) (um (um)(m) v.21 (0.13) use use

    my mum...) Iona) (em)(a...) 0.21 m...)

    m a...

    m...

    . m. .m. .5... w... m... w m m... 5...... .... Wu..... m. m... .. .l. M... .. am... .. .l. 5......

    ma 9. my 27, 2..., m m...

    Iudllou have axial-sad In unqualllled op‘lnllm.

    2 Tm 3W: rmlts has bau- pmparld In ”cardinal! wlm (ho Companies (Indhn AccounllngShivdards) Rulu, 1015 (Ind A5). wit-scribed under S-cll'an 133 M i)!-

    c........m 2.... ... m... m... mm... m...... 5...... w m. m... .55....

    3 mm... In 5...... mm mm... .. W...a... 5...... m. 5.... m... n. ...... 5......“ mm...

    ... .5. 2... mm .. “mu... 31.03.1an .... a:

    29... um .. m... m... mu... ... u, .2...m... n... y... ..... um... I. m... .. mm...

    m...

    4 Auntdlum rlqublemeni 1:! SEBI (Lin-in] DhllflnomInd Dlscbslul immanent!) Regulaxlans, 2015, (he mm: (mm apenlllms

    do! [he yur lndad Mirth 31, mu

    m lncluslln oi mlse duty 6... me puriod Apnl 1, my In June so,mu m m. Sen/k: In am I... be:

    plmennd mm. mm {mm July 1,2017 which

    mg. a... a... ... ml... 5.5, A. W.... .5 ns, ... .m... m. .l. y... m... m... 3., 2... .... w

    ... Wm... .. l... m... w... m...

    Publlmad Derlvds

    5 [Mn April m, 2013, we Company has IdopiadInd AS 115 «sin. KM cumulatm efiefl method. Th! dnpman a! [he

    snwdard dld no! My: my mlbllll imam on

    n... .........l m...

    6 7h: camp-m Is prlm-rlly en'll-nd Ill (71: Businessa! Agm Bled Comma-flint which cansilmu. I Slnglc reporhbln S-gmenx

    In leuldince WI"! Ind AS 108-‘

    Sega-m

    Hepamnt’

    7 "v9: lud‘lbed wmlldaned fin-ncial results (Dr [M yul :0de SinMild! 2019, Ind 315! Mud: 2013, hm bcen 9"le i lmordllw-

    wllh Ind-AS 1m

    mm...“n......s.................s..» mm.....m.............w........

    B The figuns lor [ht Vim/Ions pillod hav bun reiroupd /lechsslfild munnflrm to me Mum u! m: entrant hurled. the Mum for the quzmr

    undid Mann 31, 2019

    and Much 3x, 201! n: (he billnclnx flluux between ludihedmulls luv (he lull lmlnclil yeir Ind til- publlshed uniudllad Velr mm: film‘s upio {he and nfl’hlld

    q"... a. m. w...am... y...w... w... mm“... m um... um...

    Plat: AMMdahadF01 60ml WI! I Solvent “mind

    Dam 27/05/101! Au v- 7 k

    Ialvinulnh L la'pm

    m'. l .

    Ill I M: Dllmr

    Phone .+9I-2767-222075. 220975 Fax: +9l-2767-223475 E-mal'l : mnlwnllpmm

    Hilda Mmry Unh:J.L.N.149.Pkn Nu. Neal Essa Penal Pump. HPL um Road P. 0. Demon any new:as. annbmipur. Ham Pllrba - Mommy . 721657 (W251 Bengal) Phone : 03224 252339

    '

  • Gokul Beioils & Solvent Lid.Cmale Olnoe:Gokul House, 43 snrsemali Co-op. Housing Society Ltd.0le ShikharBuilding, NevrengpuraAhmedabad330 009. Guiaret (India)Ph. : +91-7966304555, 66615253154155

    6 0 K I] I. Fax : +91—79-66304543 Ema" : gnmokulurouommCIN : L15142GJ1992PLC01B745

    Gakul Refoils at Solvent Limited

    statement of A5505“ and Llabllllles

    Standalone Consolidated

    penlsulars Aset31-03-2019 As-t31-03—2013 Asat31413~2019 “213103-2013

    Audited Audited Audited Audited

    1 ASSEYS

    non-current assets

    (:1 Property, plant and equipment 33.63 93.17 6,737.71 6,333.97

    (b) Capital work-in-progress 55.54 47.00 255.46 470.69

    (1:) intangibles 6.76 10.14 12.02 15.11

    (0) FlnanclalAsseu

    (i) Investments

    3) investments in Subsidiaries and

    Associates 3,616.54 3,643.39 400.00 400.00

    6) Other investments 0.95 0.95 1.52 1.51

    0' Loan 2,973.62 2,662.52 1,333.75 1,649.69

    (iii) etherFinanciai Assets 6.62 6.62 73.26 71.31

    (e) Deferredtax assetsmet) 740.52 793.57 699.96 315.65

    in othermn-CurrentAssets 119.10 35.05 159.13 307.09

    12,607.34 12,357.92 10,272.32 10,570.00

    current essets

    (a) inventories 0.23 0.00 14,069.59 19,544.36

    (b) tinanclalassets

    (I) investments 3,703.62 3,092.73 3,314.03 3,192.73

    (ii) Tradereceivables‘

    2.71 629.59 10,433.19 9,325.99

    (ill) Cash and Cash Equivalents 12.40 312.90 1,359.46 1,937.22

    (iv) otherBankhalance 5.43 1,311.99 4,472.64 5,553.44

    (0) Loans 1,210.30 1,237.43 1,700.31 1,420.31

    (vii OthersFlnandalAssets 69.37 71.49 1,324.71 471.43

    (1:) Dthercurrentassets-

    9,063.09 3,533.23 13,145.51 12,393.74

    14,072.71 15,244.36 50,394.49 53,344.20

    Total Assets 26,630.05 27.60223 60,667.91 63,914.23

    2 600ml AND ”ABILITIES

    :Qurrv

    (a) Equityshare capital 2,637.90 2,637.90 2,637.90 2,637.90

    (0) etherequitv 22,391.34 22,122.34 25,906.56 24,676.41Total equity 25,029.24 24,760.24 23,544.46 27,314.31

    ”ABILITIES

    Non—surrentiiaiu es

    (3) Financial liabilities

    (b) Provisions 24.46 34.15 75.95 101.91

    in) Deterredraxliabillties(Net) - . 3 .

    24.46 94.15 75.95 101.91

    Oment liabilities

    (a) Financial llabllltles

    (i) Borrowings , - 26,288.57 30,333.01

    (ii) Trade payabies 293.41 1,204.49 2,593.57 3,462.67

    llil) DtherFlnanciaHiabililies 0.95 1.09 0.95 1.09

    in) omercurrent liabilities 1,265.35 1,173.77 2,362.31 1,532.70

    (c) Provisions 23.23 24.76 33.37 60.63

    [0) Curreanax Liabilitiesmeti 33.39 393.73 212.13 507.97

    1,626.34 2,307.39 32,046.90 36,49307Total tiabi 1,650.30 2,342.04 32,122.35 36,599.93

    Total Equlwand Uabllltles 26,630.05 27,602.23 60,667.31 63,914.29

    Plate: Ahmedahad For Gnkul Relolls & Solvent Limited

    : 052019Date 27/ l

    “m c K

    salvanmnit c Ralpul

    Chairman 3. Managing Dlrectnr

    Md (mice 333m: state Highway No41,llr. 51$me 0033415100 Patten, Gujaalflndliz)Pime: +912707222075 220975 Fax: +912707-223475 E-mil: grslggokulgmocom

    MINI Milly Uni! LN. 149, PM No. Neal Essa! Pe’lml Fully. HPL Lilk Rnad, P. 0. M7109 Ciiy Dem,RS. Bhaballiptfl, Hm Hm - Medalirlur-111657 [W001 Bellwl) ”1000:0324 252839

  • Gokul Retails & Solvent Ltd.Cot-petite Ofice ;‘Gnkul House'. «4 sum“ Co-op. Housing Society Ltd.

    Opp. Shikhal Building, Navvangpula,Ahmsdabsd-GED 0091 Gujarat (India)Ph. : +91-79—663M555. 36515253154155

    E 0 K II I. Fax ; +91-7955304543 Email : gnlggokuigmumomcm : L151426J1992PLco1s145

    DECLARATION

    Under Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements)

    Regulations, 2015 and SEE] Circular No CIR/CFD/CMD/56/2016 dated May 27. 2016

    I. Balvantsinh C. Rajput (DIN — 00315565), Chairman and Managing Director of the Company.

    hereby declare that the Statement of Standalone and Consolidated Audited Financial Statements

    for the year ended March 31, 2019 does not contain any qualification or modification byAuditors of the Company.

    Date:27.05.2019

    Place: Ahmedabad

    Ba]

    Chairman and Managing Director

    ma. mamas: StateHiwmay N041 Nr Slflwwpflfifi smwaaust. m Patsn Gujaratflndia)Puma. muzmmovs 2209mm. m-zvmzwssmt 9 .com

    India Refilllry Unit'. J.L.N. 149, Plot No. Near Essar Pertmt Pump. HPL Link Road, P. D. Debhog City Centre.RS. Bhabanipul. Maldia Hubs - Medaflipuv- 721657 (West Bowel] Phone : 05224 252839