TN

DSLA GovernmentRecognisedExportHouseCorporate Identification No. : L17111HP1982PLC016465

SCO 16.Sector 26 Madhya Marg.Chandlgarh 160019 IndiaPhone: +91 1722790973/74 I Fax: +91 172 2790977usha@dsl-indla.com I www.dsl-Indla.comDEEPAK SPINNERS LIMITED

REF.NOjDSLjPAj2018 Dated: 13.02.2018

BSE LIMITED1ST FLOOR, NEW TRADING RING,ROTUNDA BUILDING, P.J.TOWERS,DALAL STREET,MUMBAI-400001

SUB: UN-AUDITED FINANCIAL RESULTSAND LIMITED REVIEW REPORT

Stock Code - 514030

Dear Sir,

Please find enclosed Statement of Un-audited Financial Results along with Limited Review

Report by the Statutory Auditors for the Quarter ended on 31.12.2017, which have been taken

on record by the Board of Directors in its meeting held at Kolkata today.

The meeting of the Board of Directors commenced at 12.30 P.m. and concluded at 2.05 p.m.

Thanking You,

Yours Faithfully,FOR DEEPAK SPINNERS LIMITED~d:.(PL~EETA ARORA)COMPANY SECRETARY

Encl : a/a

Registered Office & Works: Deepak Spinners Limited. 121 Industrial Area.Baddl '173205 H.P.

DEEPAK SPINNERS LIMITEDRegd. Office: 121, lndl.Area, Baddi, Distt. Solan, H.P.-173205

ClN. L17111HPI982PLCOI6465Phone No. 0172-2790973, 2790974; Email; usha@dsl-india.com; Website: www.dsl-india.corn

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2017(Rs. in Lakhs)

Quarter ended Nine Months endedParticulars 31;12.2017 30.09.2017 I 31.122016 31.12.2017 , 31.12.201,6

Unaudited Unaudited

1. Revenue from operations 10,787 8,981 7,998 33,226 30,7512. Other Income 45 54 232 241 365

Total Income 10,832 9,035 8,230 33,467 31,116,

3. Expenses . !

(a) Cost of Materials consumed 7,378 6,607 6,714 20,882 19,946(b) Changes in inventories of finished goods & work-in (832) (1,895) (2,334) (273) (1,335) i

Progress,.

(e) Employees benefit expense 1,234 1,260 1,104 3,644 3,394 .,(d) Finance Cost 337 336 369 1,047 1,102 I

I

(e) Depreciation & amortization expense 413 413 414 1.232 1,205,;

(f) Other expenses 2,118 2,d!)} 1,850 6,286 5,799 iTotal expenses (a to f) - 10,648 8,722 8,117 32,818 30,111 ,4. Profit/ (loss) before exceptional items and tax 184 313 113 649 1,005 I5. Exceptional Items (Net) - - 222 - 222 I

6. Profit before Tax 184 313 (109) 649 783 II

7. Tax expense I- Current Tax 61 131 (88) 281 159 I- Deferred Tax (28' (119) 123 (217) 113

8. Net Profit for the period 151 301 (144) 585 511 ;9.Other Comprehensive Income (00) i

11. Items that will be reclassified to profit or loss (net of tax) - - - - -b. Items that will not be reclassified to profit or loss (net of tax) (4) (2) (5\ (9 (8

10. Other Comprehensive Income for rhe period (4.) (2) (5) (9 (811. Total Comprehensive Income 147 299 (149) 576 50312.Paid up Equity Share Capital ( face value of Rs. 10/ -each) 720 720 720 720 72013. Earning Per share- In Rs.Basic and Diluted ( In Rs.)- Not annualized - 2.10 4.18 (2.00) 8.13 7.10

Notes:

1. In compliance to Ind AS-18 find SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the reported revenue for thequarter and nine months ended 31st December, 2016 was exclusive of Excise duty. Goods and Service tax (GSf) has been implemented w.e.E.1st July, 20"17and as per Ind AS-IB, the revenue for the quarter ended 31st Decernber.zfll? is reported net of GST, hence not comparable with.corresponding periods.

12.The Company has adopted lnd AS (Indian Accounting Standards) from 1st April,2017. The figures for the Quarter and Nine months endedDecember, 31st 2017 and December, 31st 2016 are also Ind AS compliant. The reconciliation of net profit as previously reported on account oftransition from the previous Indian GAAP to Ind AS for the quarter and nine months ended 31st Dec, 2016 is as follows;

Particulars Quarter Nine Monthsended ended

31.12.Z016 31,12.2016

Profit after tax ,IS reported under previous GAAP (149) 503Impact of depreciation on PPE • 1 3Impact on Finance costs (2) (5)Actuarial Cain/Loss on defined benefit plan 5 13Deferred tax impact on above adjustments (1\ (3)Net Profit for the period under Ind AS (146) 511Actuarial Cain/Loss on defined benefit plan recognized in DC! (net of deferred tax) (3' (8)Total Comprehensive Income for the period under Ind AS (149) 503

Rs In Lakhs

3. The business activity of the Company falls within a single primary business segment viz 'Yarn' and hence there is no other reportablesegment as per Ind AS 108 'operating segments'.

4. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held onFebruary 13, 2018. The Limited Review for the quarter and Nine months ended 31st Dec, 2017, has been carried out by the Statutory Auditors,as required under Regulation 33 of S~BI (LODR) Regulation, 2015.

Date; 13.02.2018

Place: Kolkata

=i»:Yashwant Kum Daga

Director

Jitendra J( Agarwal & AssociatesChartered Accountants

Review Report on Quarterly and Year to Date Financial Results Pursuant to the Regulation 33of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015

ToBoard of DirectorsOeepak Spinners Limited

We have reviewed the accompanying statement of unaudited financial results ("Statement") of DeepakSpinners Limited ('the Company") for the quarter and nine months ended 31st December, 2017. This Statementis the responsibility of the Company's Management and has been approved by the Board of Directors. AttentionIs drawn that the unaudited financial results for the quarter and nine months ended 316t December 2016reported under the previous GAAP, included in the Statement, are based on the previously issued results of theCompany, prepared in accordance with the Accounting Standards as per Section 133 of the Companies Act,2013 read with Rules 7 of the Companies Accounts Rules, 2014. These results were reviewed by previousauditor, whose report expressed an unmodified opinion on those unaudited financial results. The Managementhas adjusted these results for the differences in the accounting principles adopted by the Company on transitionto the Indian Accounting Standards ('Ind AS') and presented a reconciliation for the same, which has beenapproved by the Company's Board of Directors and has been reviewed by us. Our responsibility Is to issue areport on these financial statements for the quarter and nine months ended 31st December 2017, based on ourreview.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Reviewof Interim Financial information Performed by the Independent Auditor of the Entity issued by the Institute ofChartered Accountants of India. This standard requires that we plan and perform the review to obtainmoderate assurance as to whether the financial statements are free of material misstatement. A review islimited primarily to inquiries of company personnel and analytical procedures applied to financial data andthus provide less assurance than an audit. We have not performed an audit and accordingly, we do notexpress an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that theaccompanying statement of unaudited financial results prepared in accordance with applicable accountingstandards and other recognized accounting practices and policies has not disclosed the Information required tobe disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 Including the manner in which it Is to be disclosed, or that it contains any malerialmisstatement.

Place: KolkataDate: 13th February, 2018

For Jitendra K Agarwal & AssociatesChartered Accountants

Firm Registration No. 318086E

~aIOOPartner

Membership No. 515708

209, Hans Bhawan 1, Bahadur Shah Zafar Marg. New Delhi-110002EmaillD:newdelhi@jkagarwal.comIPh.No.: 9015157141. 9891751595

Office at Kolkata & Mumbai