~pya}DATE: .July 28, 2014REF.: PILIDVN/L.173/2014.15

Comp:ln)" Code - PRAJIND

National Stock Exchange of India Ltd.

Security Code No. : 522205

Bombay Slock Exchange Limited

Exchange Plaza. 5th Floor,Plot No.Block, Bandra-Kurla Complex,(E.st). Mumbai . 400 051

Fax: 022 - 26598237/38

CII, GRandra

Phirozc Jeejeebhoy Towers. 25th Floor,Dalal Street. Mumb.i. 400 001

F.x:022.22723121/3719/2037/2039/2041/2061

Sub.: Submission of Unaudited Financial Results 1llongwith Limited I{evien' Report

Dear Sir I Madam,

Please find enclosed Unaudited financial Results alongwith Limited Revie\v Report for

the quarter ended 30th June. 2014 for your records.

Thanking you.

Yours faithfully,FOR PRA.lINDUSTRIES LIMITEIl

Ene!: As above

Praj Industries Limited

Regd. Office: .Praj Tower", S No, 274 & 27512, Bhumkar Chowk.HinJE'wadi Road. Hinjewadi, Punt': 411057. Ph: +91 2071802000/22941000f' +91 2022941299 e: info@pra),net w: www.praj.nel CIN: L27101PN1985PLC038031

PRAJ INDUSTRIES LIMITEDCIN. U7101PN1U5P\.C038031

Regd. Off. ~PRAJ TOWER~, S.NO. 274 & 275/2,BHUMKAR CHOWK. HINJEWADI ROAD, HINJEWADI, PUNE. 411 057

~pra)STATEMENT QF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30TH JUNE 201.

Partieula ••

I a N'I s3lea , Income lrom abOflSb Other 0 at Income

faTAL INCOME FROMOPERATtONS NET

Rs I~ C'ores ,,,ce"l share dataYear e<lded

""" 3151 MarchJune 2013 2014Unaud,ted AUlloled

12310 782,68. .

123.70 78268

"" 40121

1083 100322.00 104 93

'" ""1.19 7,8639.04 1118,7012966 726.67616 ..",., 2265

'" 78.66. 0.22

'" 78,«. .37. 7804-4. .

'" ""'" "'"'.00 "... .'.00 "..~'9 'S<''" ..0.17 '"'" 3.52

'" 3,52

0.17 3.52

Quarter ended

30!h 31Sl MardIJumt 201' "' ..Unaudll"" ~~~

162.87 ''''''. .\62.81 295 21

90.30 15970.1.19 '"26,50 28,17.~"",." '"'2.65 71.50

1".36 271.731.0 ,,~4.35 '"2.116 26,710.03 0,102,83 2Il,61.2,83 26.61. .2.83 26610.51 '"2.32 "'~.2.32 "'~35.49 35.(9

•0.13 I,1!!

0.13 1150.13 1.15

0.13 1.1!!

IOnaIltems 1.2

'e55 & Stock In TradeWork., P

2 E •.••.•sa Cost 01 malena1 tonsum"", lise 01 SIock in Tradec. Chi es '" in~en!ones of F"lsned Goodsd Em "l>enefrt ex ""5" De 8Cl3loon and amorlrsatlon e. sI Ex /IOSS~ e. endi!ure

TOTAL EXPENSES

_

~ Profil~=.abons be10re Other Income. ln1e'O'SI& E.

5 ordilla ac:tlVi~es l>elore ln1eresl & Ex 1>OMll!ems 3_'

•7 adMbIl6 after lnIe<ost t>ut l>elore e ioMl Ilems 5-ti

•9 l,em &ClrvilIeSbe10re lax 7.8t-io less E. 05eS net ,elaled 10 or S11 ProIrt be10re laJc Jrom actl ••••tles12 Ta.ex enS-e13 Net ProIil Jrom ordinary adJvilIes aller tax14 E~'a ordinary rtems (ne4 oIlaJc expense)15 N.I Pfofrt lor !he perIOd15 Paid-up equil)lshare capilal (Face ~aIue RS.2I. eadl)17 Reser'fflS e fe'>laluallon reserveS as r BalanCe Sheel 01 .....-iOuSalX:OUrl18 Basic EPS (Face ~alue Ri. 21. per $hare) (Before e"lm ordinary items)

Dluted EPS (Face ~alue Rs 2/. per share) (Be1ore extra Ofdinary ~ems)19 B8SlC EPS (Face ~aIUe Rs, 21- per sha'e) (Mer extra ordinary ~ems)

DikIled EPs (face ~31ue R$. 21. per !!lIare) (N1e<eXlra ""hna,y ~"msl

A PARTICUlAR~S OF SHARE HOLDING1 P\blIc Shar • NumOOr of $h3,.,.

Public $Il "p_ of Sha'ehol2 Promolers and p,Qm(lIer Groo Shar

a ed I ~ml>ered• No, 01 &hares• % 01 $hares as a % oIlOlal Snarehold 01 Pfomolers and Promow Gr• % 01 shares as a % of \he lotal WI'8 ca al of lho Comb, Non encumbered.".0<_. ~• % 01 shares as a % 01 total S of Promoters and Promoter Gro• % 01Sh...-es as a % of IOIai sI\a.re al 01 \he Com

~

B INVESTORCOMPlAlNTSPerOn al!he , 01 the lJ8I1erReceIVed d the lJ8I1er

sad of the uarle<Re t.llnsolved aillle "nd 0I1he uart •••.

".'0. Particulars

Quaner end&d on V_ •••• ~

". J\s.! March "'" J1SlMarchJune 20\4 "' .. June 2013 "' ..(Unaudited) (Unaudited) (Unaudlled) (Audrted)

118965019 118965C119 1\ 98,65.Cl19 11.89,65.07967.CI'% 6104% 67!).(% 67.04%

'" "., ~ '"Nil ". "" "."" "" "" '"5 t!> 00,000 5.85.00.000 57500000 58500000

••••• ''''''' ''''''' ""'"32.96% 3296% 3246% 32,96%

Fo, Ihe quaner ende on JOIh June 201.".,,,Nil

No!es:1 The above results were ,evtl!Wl!d by the Aud~ Comm~t ••• and approved by 1M Boarc of DweclO"; at n5 •••••••t"'9 held on 281h July 20142 The pnor yea, comparat'ves a,a regrouped / red3&s<fu.d _aver """""sary 10 conform to CulTent penod's presenlabOn

3 The Company operates only in one segment, j e "P,OCl!$S and P'''Ied Engineering".

4 The figures oIlha last quarter of F Y. 2013." are tlalancrlg h9•• es tlelwe<en aUOile<lligures "! 'espe<:\ 01 the luBhnanc<al \'8ar and the published \'8ar 10 dale figures"plO \he UIlrd quart •••.

5 Conseq •.••ntto ltI8 enaetmen1 of the CompanHls Ad. 2013 (the Ad) and 'Is "l>PlociIlloI1lylor accourrting periods comm.,.g,g an...- 1 Ap<112014, \he Comlli"l' flascornpu1ed depreciation wUh reference to \he estomalad ecouomoc I~e 01 I••ad assals pre~ by SCl>edlH II to ltI8 Act. In caS-e of an assat whose kl. is coompleteas at I Apr1l2014, the carrying val"". as all ApnI201'1'uts been OOJUSIl'dto the SIIfllIuS "!\he 6lalamenl of ProI~ and Loss and •• ott>e-rQSa-S the carrying valuehaS t:>eel1depreCiated over 1M remao ••rog0I1he '.V1sad Irle 01 the n'.'s and 'ecognlSed in the Slatemenl of prom and loss, ~ a .esull the charge lor ""P<ecialionis togher by Rs. 2.67 CfOf1!lor lhe quarler eMe<I 30 June 2014

6 The Consolidaled res,,",s are also evaiable on Company's websile at _ ,praj net and we!lSlles 01 BSE and NSE7 The consolidated lIfl8<ldO!edIIlandal re$lJ~s lor lhe o~er and f>f'tlOdended on JOIh June 2014 ere summanzed DeIOw'

Qu~ner endl<l on Year ended on

CoMoIodaletltumo~erCoosolidaled aIIer lax ~Basoc lOPS F;oc.e~"'" Rs21 ..,"'"Diluled EPS Face value Rs 21. share

Place. PUI1eDale: 28thJ 2014

~,';.~~;.

".June 2014

Unaudned

221.272.490.14O.H

31SIMard!

"'''Unaud'ied3049 .• 320.771.171.17

"""J ••••• 2013

UnaUlloled

"'''''''''""'"

31S1 March2014

''''"''"'''""'"".L

B. K. KHARE & Co.CHARTERED ACCOUNTANTS

T -j- 91 02222000607fi31816360- 91 022 66315835/36

F - 91 0222200 3476E info@bkkhare<:o.com7061708, Sharda Chambers New Marinelines, Mumbai - 400 020, India

Umited Review Report

The Board of DirectorsPraj Industries Umited

We have reviewed the accompanying Statement of unaudited financial results of Praj IndustriesUmited for the period ended June 30, 2014 ("the Statement") except for the disclosures regarding'Public Shareholding' and 'Promoter and Promoter Group Shareholding', which have been tracedfrom disclosures, made by the management and have not been reviewed by us. This Statement is theresponsibility of the Company's management and has been approved by the Board of Directors. Ourresponsibility is to issuea report on these financial statements based on our review.

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 theEntity" issued by the Institute of Chartered Accountants of India. This standard requires that weplan and perform the review to obtain moderate assurance as to whether the financialstatements are free of material misstatement. A review is limited primarily to inquiries ofcompany personnel and analytical procedures applied to financial data and thus provide lessassurance than an audit. We have not performed an audit and accordingly, we do not express anaudit opinion.

Based on our review conducted as above, nothing has.come to our attention that causes usto believe that the accompanying Statement of unaudited financial results prepared inaccordance with the Accounting Standards notified under section 133 of the Companies Act,2013 read with rule 7 of the Companies (Accounts) Rules, 2014 and other recognised accountingpractices and policies has not disclosed the information required to be disclosed in terms ofClause 41 of the Usting Agreement including the manner in which it is to be disclosed, or that itcontains any material misstatement.

PunaT + 91 02060601 005/617f819+ 91 02025666932/32926341

E bkkpune@bkkhareco,comHolel Swaroop. 4th Floor.Lane NO.10. Prabhat Road.Erandwane. Pune - 411 004. India

BengsluruT +91 8041105357E bkkbengaluru@bkkhareCO.com101. Money Chambers.1s1 Floor, # 6 K. H. Road.Shanthinagar,Bengaluru - 560027, India

GurgaonT + 91 1244626255E bkkdelhi@bkkhareco.comGround Floor, OCUS TechnopolisTower 8. DLF Goll Course Road,Sector - 54, Gurgaon - 122002,Haryana. India

PRAJ iNDUSTRIES LIMITED f4..fCIN • L211Dl PN1985PLCD38DJl pro)Reu~, Off. "PRJlJ TOWER", S.NO. 27." 2751Z,

81lUMAAR CHOWK _ HIHJEWADl ROAD. HINJEWAOI.PUNE •• 11 DI1'R.,.,cror •••• I.hare <late'

STATEMENTOF CONSOUOATEO UNAUOITEDfiNANCIAL RESULTS fOR THE QUARTER ENDEO ON 30TH JUNE 2"1.

Irt., End.~ y.I' ~~

" .- 31-' M.rett "'"'~~ Jl)lh Jun. 2Dl. "' .. 2013 31.1 Man::I120UUnludl1e<l UnIUdoI&ll ......, -~, I. NOlSI,.,/In<:ome!rtlm II""," nU7 (44!U3 m~ "'M.~_. . . .

TOTAl INCOME FROM OPERATIONS (NET) nU7 ~S.3 173.06 "'M, , 0••

riff':: 123,06 '9027 MM ~1.1

f- ~. Skx:I<In Tl1l<le . . . .~ .enl ••.••• oIF ••• r.o<lGoo<l. Worlt,., .ss" Sl<xl<" Trade 1.92 2~3 .'" ,~

Jl.2~ 32 ~1 ,,,. 123 !l6

f- • h • ~,28 .00 '" 2376. .- ,,,"" \.32 ."

e ""~ ••.•• ro.M M" 11.76 ~..TOTAL EXPENSES 218.89 32186 In.1n gJ113, P!'Of~1rOtn 1101'.~ O!I>•••.lncome iN••••• I & e. - ,., 2,J8 2H7 •••• M"• _.- ••• ". 1005 23.n, PtCIllkomCfdj llC!M~u Dele... Inlere.I" E.o bOtIIIlll""'" 3>4\ ,~ 3115 '" ••••, FltllrceCom D.81 "M '" ,..,"~- lKWIlles .fter InlJmlOibut _ ••• ce I<lNIIIlems •• 1.13 "''' '" ,,~

• E.o. ",,,,, ~em. .• P,01~IrGmo~, _\l<l1e...1ax ,. 1.73 "''' .~,,~" l ••• " .e•••••1-~.• . '" 0.05 '"" P!'Of~before lax frt>f\'I 'CWl\lll8 1.73 ",ro ••• 1695

" T••••• .." •• 2.99 ." 1.61 "' .." "lei J'tofJlf\'OtII IClMI>eSIIftrta. 3.7• 22 10 ". "'''•• .....- ,~,neto1lue"P"nse) . .

" Nel PtCIlltorlflll 3,7. 22.10 "" "''''" L••• '" In!...-e,1 1.28 '''' "" '"" Net PToIilI{Lon) .ftOltl8llM. mnonl)/lnteresllnd sh.,. 01Pno!lll Lo•• or AsI<lOl!.' UII 20.n "" ~~

'" .~~ shln caprlIIlFace ~••"" R. 2/. u'""l n.o ,,,. 35.9 35.9

•• R•••••••••••••dud "",aluuli(>n "' •••••••••as ~-,. • ." 547"3

'" Suoc EPS (F,ce \/_ R. 21_pe' "","J (Bookn •• Ita on:l nem.) 0.1. '" "" ,..0IiY:.d EPS F_ \/8lIJI RI 21_pe' .h.ore)lBek>rfl eml ordt'll - 0.1. '" "" ,.." selOCEPS (Flce._ R•. 2/. per •••••• ) (A!\er •••••• ~ It1ImS 0.1. '" 017 ,..

0i0.Md EPS (F_ \/_ R. 21. 'lIa"') jA~er.1<\I'IIon:I"'Ny ""mil D.l • '" ." ,..• Partlcul~f$ Ol.Ollt.r Ended Vu,E ••••"<1

315Ir.lard'1 "'"-Jl)lft Junl 201. "' .. "" 31" Matd'l21l1.lUnlu~nelll (Unl\Kllted) (\1_1&<:1) (Aucldedl,PARTICULARS OF SHARE HOLDING, p."l>~ Sl\at.nol<l'" • NUlrbiIr ot 0=' 118$6SCTII 118965019 119!l!l51179 l1B!l65079

Put'tC $ha'_'" _ Pe«:enl ••-~ 67.0.'ll, 61Qol'll, 6754% 67Qol%, Promote •• a ••••PT>:wno!e'Grt>u l>.o'eOOklla. Pled ad lenaJmbervd. No o1.nl'" '" "" "' ""_ % at ,nar., I, I % 0/ latal S""'<'I>:>Idi 01~erlI ..,,11Promoter "" '" "" "_'lI. '" share' ." I % 0/ 111'IOUII,I""e ce Ial oIl/>lICom " ". "' "~ "I"" enaJmt>ernd.Nool"",,'e, S8 Sl)(I000 "'~"" 57 BOO000 ~~"".%oI._e •• ,.%"'I"''''SI>.o''' 01PromOl." ,nd Promoler G,o ,,~ ,~ ,~ ,~• % 01 ••.••••.•• a•• .,. 0/ 100ai."are ~,I of I!le Com ." 3US" 3296% 32 .6% y~,

• INVESTOR OIJPLAlIHS fOR THE OUARlCR ENDED O~ 301nJUNE 201.

~""".~.~~, "R~ d<h> tt>e Irt••. ,0. ad 01aun l/>lI cMer ,Rem.. """,oI.ad Illhe .tId '" tr>e M" "'NOlII ,, T~. lObo••••••• n•••••••••.•.••••• ad b11M A<D1 Co<mIIIt••• nIl '1l.,nN&d by lflII 6o¥<l 01~ •• III m<t<'ng he51'on 28t11of Ju!'I 2014, TIle consoI><la'&d_ lor ~ It>ClId:lOChJune 2014 n•.••• _ •••••,eo;I8dto '...,11d """ ••••by StalC!oty Au<l<IOrs'" InI ComPln1, TIle ptl(lt)'O'" c"m~",,,"lJye. are "llroupe<ll r&Cla$l",* "".re.OIt ••••cu •• ,., to o:ontorm10cumml penocl"' pr••••ntation

• me Co"'l'atl1 "l'I"e'e, onI1 '" one ""'11"*'1. 'e .Process ItId Pl'P)ecl Eng•••••• ng•, Con"",!"enl to IN! ""ectmer11 oIlI>e Corrc!an ••• Ad. 2013 (11)8Adllnd d, ~ocabiloly lor .CCOU<1\l"!lpenod' <:<l<MlMCl"!Ia<I•• 1 Apr1I2014 "'" Complrv; /\a."""'PUled depreoelO<! \Yiltl,"'-.ea to !tHOe'brr.:>lad econamic "'. 01fl>.e~.01.1$ ptUCt1t>ed.~ ScI1<Id"laIllO "'" Ad. In """" '" on u •• !"""o••• !If. ,.<:omple!e•• ,I 1 ~nI 201•. lhe ~ .al ••••."' at 1 ~n1 201. No. toe.." aa,,"lIdlO II'e $Ul'lU' onlhI SLo18men10/ PtoIr1and Lo•• ot>dInOlll•• cate. Ihaca<T'/1ng\/•••.••na. _ d&pt&ClileCl0'''' ~ reman"'O of Ill. re"""" lit. of !he ••••• 1. an~ ~ •••the Slelen>enl or Prolil Ind Loos A. a "SoJt ~ qwgefOtd<lP'eoahOn" h>;Jt>erby R., 2,87 ~tor lflIIqLHVW.n<la<I30June 2014, Th. ,!IMar"" ••••• ~~Slor I11e""011. per.o<l are ••v•••••ble on Cor'lPiWly'.w.o,""e a! www ~"'l oel and ,110 on w ••••"•• or SSE ana NSE, The SlanllalOna ...,a",1<1e<!~nanoal ,e ••• !! lot It>IIqcana, ana penod en"'~ on 300>JlJ"1. 2014 .,a .........."Iti,e<l •••Iow

OUll"!OItEnded v.", ....oea onPel\lQjlars 3,., "'arcn "'"'~30lIl JlJ"1e2014 201. 2013 31,''''arcr>201.

(\IN...:Ii!eOJ (Unauallld) ll}na"~,leCI) (Aud""~1

T""", •••. 162.87 '" " 12310 ,~'"Prof( Illat tax ,y ro." ,., 62 .• 1

Suoc EP$ F.ce \/11"" R. 2J shOlt.) 013 1,15 "" '"DIIu!e<lEPS rFace ...- RS21 ••• 0.13 11S " '"-

//~"~,~ - - \ .#0•• 2atn Ju' 2014 C & MANAGINGDIRECTOR

"

B. K. KHARE & Co.CHARTERED ACCOUNTANTS

T .• 91 02222000607n31816360.• 91 022 66315835136

F+ 91 02222003476E inlo@bkkhareco.com7061708, Sharda Chambers New MarineLines, Mumbai . 400 020, India

To the Board of Directors

Praj Industries Limited

Limited Review Report

1. We have reviewed the accompanying statement of Unaudited Consolidated FinancialResults ('Statement') of Praj Industries limited ('the Company'), and its subsidiaries(collectively known as the 'the Group') for the quarter ended 30 June 2014, attachedherewith, being submitted by the Company pursuant to the requirement of clause 41of the listing Agreement issued by the Securities and Exchange Board of India("listing Agreement"). The disclosures regarding 'Public Shareholding' and 'Promoterand Promoter Group Shareholding' which have been traced from disclosures madeby the management have not been reviewed by us. This Statement is theresponsibility of the Company's management and has been approved by the Board ofDirectors in their meeting on 28 July 2014. Our responsibility is to issue a report onthis Statement, based on our review.

2. We conducted our review in accordance with the Standard on Review Engagements(SRE)2410, "Review of Interim Financial Information performed by the IndependentAuditor of the Entity", issued by the Institute of Chartered Accountants of India. Thisstandard requires that we plan and perform the review to obtain moderateassurance as to whether the financial results are free of material misstatement. Areview is limited primarily to inquiries of company personnel and analyticalprocedures applied to financial data and thus provide less assurance than an audit.We have not performed an audit and, accordingly, we do not express an auditopinion.

3. We did not review the financial results of five subsidiaries whose financial resultsreflect total assets of lNR 483.79 million as at June 3D, 2014 and total revenues of INR76.55 million for the period then ended, the Company's share of such assets andrevenues being INR 461.45 million and INR 76.55 million respectively. The results ofthese subsidiaries are based on the financial results of these entities as certified bythe management which are neither audited nor have been subjected to a limitedreview.

Pu~T + 91 020606010051617/819+91 02025666932/32926341

E bkkpune@bkkhar&cO.comHotel Swaroop. 4th Floor.Lane NO.10. Prabhal Road,Erandwane. Puna. 411 004, India

BengaluruT-.-918041105357E bkkbengaluru@bkkhareco,com101, Money Chambers,1st Floor." 6 K. H. Road.Shanthinagar,Bengaluru - 560027, India

New DeihlT-.-91 01141828360E bkl<delhiObkkharoco.com107, Siddharth Chambers.Near liT Gate,Kalu Sarai, Hauz Khas.New Delhi - 110016. India.

B. K. KHARE & Co.CHARTERED ACCOUNTANTS

4. Based on our review conducted as above, nothing has come to OUf attention thatcauses us to believe that the accompanying Statement of unaudited ConsolidatedFinancial Results prepared in accordance with the Accounting Standards notified undersection 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts)Rules. 2014 and other recognised accounting practices and policies has not disclosedthe information required to be disclosed in terms of Clause 41 of the ListingAgreement including the manner in which it is to be disclosed, or that it contains anymaterial misstatement.

For B. K. Khare & Co

Padmini Khare KaickerPartner

Membership No.: 44784

Place: Pune

Date: 28 July 2014