BANAS FINANCE LIMITED CIN: L65910MH1983PLCO30142

E/109, Crystal Plaza,New Link Road. Andheri (w), Mumbai 400 053 Tel No :-022 - 6152 2222 • Fax : 022 6152 2234 • Email : banasfin@gmail.com • Website www.banasfinance.com

Date: 14/08/2017

To, The Bombay Stock Exchange Ltd Corporate Relationship Dept, 1 st Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalai Street, Fort, Mumbai — 400 001

BSE Scrip Code: 509053 Sub: Outcome of Board Meeting

Dear Sir,

This is to inform you that 04/2017-2018 meeting of the Board of Directors of the company was held on Monday, 14th August, 2017, at the Registered Office of the Company, at E-109, Crystal Plaza, Opp.

Infinity Mall, New Link Road, Andheri (West), Mumbai-400053 at 12.00 P.M and concluded at 03:30 P.M. The Board considered and approved the following:

1. Standalone Unaudited Financial Results for the Quarter ended 30 th June, 2017 along with Limited Review Report thereon.

2. The Board took the note on minutes of the previous meetings of Board and committee held prior to the date of meeting..

3. The Board took the note on Compliance done under LODR, Regulation 2015 for the quarter ended 30 th June 2017.

4. Board has determined 30/08/2017 as a record date for the purpose of Consolidation of face

value of equity share of the Company.

Kindly take into your record.

Thanking You

Yours Faithfully

For Banas Finance Limited

\!\\\ Girraj Kishor Agrawal

Director

DIN: 0290959

'SANAS- FINANCE LIMITED Regd. Off.: E-109, CRYSTAL PLAZA,

NEW LINK ROAD, ANDHERI (W), MUMBAI -400 053

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2017 BSE CODE : 509053 (in lakhs)

Sr. No. PARTICULARS

3 months ended

g 3 months ended

Preceding 3 months ended in the previous year

Year ended

30.06.2017 Unaudited

31.03.2017 Audited

30.06.2016

Unaudited 31.03.2017 Audited 1

2

3 4

5 6

7 8 9

10 11 12 13 14 15

16 17

Income from Operations Net Sales/ Income from operations 13.64 316.91 155.74 953.87 Other Operating Income

- Total Income from Operation 13.64 316.91 155.74 953.87 Expenditure

(a) Cost of materials consumed - - . - (b) Purchase of Stock in Trade 41.53 33.31 205.41 450.66 (c) Changes in inventories of Finished goods, Work-in-progress & Stock in Trade (91.96) 316.16 (117.97) 690.04 (d) Employee benefit Expenses 1.40 3.75 2.39 13.92 (e) Depreciation & amortisation Expenses - - (f) Other Expenditure ( Item exceeding 10% of the total expenses relating to continuing operation) 14.68 83.14 20.66 133.12

Total Expenses (34.35) 436.36 110.48 1,287.73 Profit/(Loss) from operations before other income, finance cost & exceptional items (1-2) 47.99 (119A5) 45.25 (333.86) Other income 0.06 2.39 - 2.47 Profit/(Loss) from ordinary activities before finance cost & exceptional items 48.05 (117.06) 45.25 (331.39) Financial Cost 0.22 0.13 27.69 182.47 Profit/(Loss) from ordinary activities after finance cost but before exceptional items 47.83 (117.19) 17.56 (513.86) Exceptional Items - - - - Profit/(Loss) from ordinary activities before tax 47.83 (117.19) 17.56 (513.86)

(0.06) Tax Expenses - (0.06) - Net Profit / (Loss) from ordinary activities after tax 47.83 (117.13) 17.56 (513.80) Extra ordinary items(net of tax expenses) - - - Net profit / (Loss) for the period 47.83 (117.13) 17.56 (513.80) Share of profit/(loss) of associates - - - Minority Interest - - Net profit! (Loss) after taxes, Minority interest and share of profit of associates 47.83 (117.13) 17.56 (513.80) Paid-up Equity Share Capital, FV Rs.1/- 1,137.60 1,137.60 1,137.60 1,137.60 18 Reserves excluding Revaluation Reserve as per balance sheet of Previous accounting Year. -

- - 1,833.91 19(1) Earning Per share(EPS)before extraordinary items

(Not annualised) (a) Basic 0.042 (0.10) 0.02 (0.45) (b) Diluted 0.042 (0.10) 0.02 (0.45) 19(2) Earning Per share(EPS) after extraordinary items

(Not annualised) (a) Basic 0.042 (0.10) 0.02 (0.45) (b) Diluted 0.042 (0.10) 0.02 (0.45)

Note:-

(1) The above financial results for the quarter ended 30th June, 2017 have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 14th August 2017 and reveiwed by Statutory Auditors. (2) The figure for the previous quarter/year have been re-grouped/ re-classified / re-stated wherever necessary. (3) Investor Complaint for the Quarter Ended 30/06/2017. Opening - 0, Received -0, Resolved -0,Closing - 0. (4) This Result is available on our Website www.banasfinance.com (5) The Company operate in single reportable segment only in accordance with Accounting Standard 17 'Segment Reporting' as prescribed under Companies (Accounting Standards) Rules, 2006,

PLACE MUMBAI DATE 14/08/2017

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FOR BANASINANCE LIMITED

GIRRAJ KISHOR AGRAWAL DIRECTOR DIN: 00290959

-Chartered Accountants

LIMITED REVIEW REPORT

To,The Board of Directors,Banas Finance Limited

We have reviewed the accompanying statement of unaudited financiai results of Banas FinanceLimited for the quarter ended 30ftJune,20l7 which has been initialed by us for identificationpurpose except for the disclosures regarding 'Public Shareholding' and 'Promoter and PromoterGroup Shareholding' which have been traced from disclosures made by the management andhave not been verified by us. This statement is the responsibility of the Company's Managementand has been approved by the Board of Directors. Our responsibility to issue a repoft on thesefinancial statements based on our review.

We have conducted our review in accordance with the Standards on Review Engagement(SRE) 2410, Review of interim financial information performed by the Independent Auditor ofthe entity issued by the Institute of Chartered Accountants of India. This standard requires thatwe plan and perform the review to obtain moderate assurance as to whether the financialstatements are free from material misstatements. 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 limited review conducted as above, nothing has come to our notice that causes usto believe that the accompanying statement of unaudited financial results prepared in accordancewith the applicable accounting standards and other recognised accounting practices and policies,has not disclosed the information required to be disclosed in terms of clause 4l of the ListingAgreement including the manner in which it is to be disclosed, or that it contains any materialmisstatement.

Membership No. 049391

Place: MumbaiDate: 14thAugust,2017

, i loor; New Swapnalok CHS Ltd.,,trlouala Lane, Borivali (West), '

For Pravin Chandak & AssociatesChartered Accountants(Firm Registration No. I rcq17