Foods 8: InnsFebruary 12, 2019

To

The Secretary,

Bombay Stock Exchange Limited,lst Floor, Phiroze Jeejeebhoy Towers, Dalal Street,Mumbai — 400001

Scrip Code: 507552

Subject: Outcome ofthe Board Meeting held on Tuesday, February 12, 2019.

Dear Sir,

Pursuant to Regulation 33 and 30 of Securities and Exchange Board of India (Listing Obligationsand Disclosure Requirements) Regulations, 2015 we would like to inform you that the Board ofDirectors of the Company at its meeting held today has intero/ia:

a. Approved the Unaudited Financial Results as per IND-AS for the quarter endedDecember 31, 2018.

h. Approved the adoption of new logo in place of earlier logo.c. Approved to divest its entire stake in Pharmpak Private Limited, Wholly owned

Subsidiary Company. The details of transaction which is required to be furnished to thestock exchange on sale or disposal of its subsidiary Company is enclosed hereto asAnnexureA

cl. The Company has been able to monetise the property at Chembur, Mumbai in October2018 which has been accounted for in the results of Quarter ending Dec, 2018

e. The Board recommended that the employees of Foods and Inns Limited be providedwith a one time ex gratia payment before the year ending 31.3.2010

f. The board is considering to reward the shareholders appropriately for which variousoptions are being evaluated. The Executive committee to submit the various optionssuch as bonus issue, Buyback of shares or declaration of special dividend to the boardfor its consideration and approval.

The meeting of the Board of Directors commenced at 6:00 pm. and concluded at 7.30 pm

Thanking you.

Yours faithfullyFor FOODS AND IN S LIMITED

BHUPENDRA DALAL

CHAIRMAN

Foods a. Inns Lid.

Corporate Address: 3rd Floor, Diilwich Mansion. 224 Tardeo Road. Mumbai 400007

+91722-23533104 I wnteious@1oodsandmns com I wwwfoodsandrnns 50ml cm No L55200MH1967PL0013837Registered Address: Udyog Bhavan. 2nd Floor, 29 Walchand Hwachand Marg. Ballard Estate. Mumbai 400030

Foods & lnns

ANNEXURE A

The details as are required under SEBI (LODR) Regulations, 2015 for sale of disposal of units

or divisions or subsidiary of the listed entity are mentioned below:

Particulars

required

of info "nation Particulars of information provided

A. The amount and percentage of the

turnover or revenue or income and

net worth contributed by such unit or

division of the listed entity during thelast financial year

Amount ofTurnover- Rs. 132 Lakhs

Peroentagc of the turnover- 0.4196Networth - 0.34%

B. Date on which the agreement for sale

has been entered into

Not entered into as of date and expected to Signthe agreement before 28-02-2010

C. The expected date of completion of sale Before 31*1Mamh, 2mg

D. Consideration rcxxzived from such sale As per the valuation report from merchant

bankers but in any case not less than Rs. 2.25Crores

E. Brief details of buyers and whether anyof the buyels belong to the promoter/promoter group/group companies. If

yes, details thereof

The acquirer/ buyer is being short listed by the

Bonn“! and is subject to final negotiations.

The buyer does not belong to

promoter promoter group/ group companies.F. Whether the transaction would fall

within related party transactions? If

yes. whether the same is done at “arms

No, the transaction would not fall within related

party transactions

length”

G. Additionally, in case of a slump sale,indicative disclosures provided for

amalgamation/merger, shall bedisclosed by the listed entity with

respect to such slump sale

Nolapplicahle

For FOODS AND INNS LIMITED

BHUPENDRA DALAL

CHAIRMAN

Foods & Inns Ltd.

Corporate Address: are H001, Dutmch Mansion. 224 Tardeo Road, Mumbal 400007

45142723533104lwmetous@foodsandmns oom \ wwwioodsandmnswm \ CIN No L55200MH1967PLCU13837

Registered Address: Udyng Bhavan. 2nd Floor. 29 Walchand Huactend Marg, Bailard Estate, Mumbai 400036

G. M. KAPADIA & CO.(REGISTERED)

CHARTERED ACCOUNTANTS

1007, RAHEJA CHAMBERS, 213, NARIMAN POINT, MUMBAI 400 021, INDIA

PHONE: (9142p 6611 6611 FAX : [91722|66116600

Independent Auditor’s Limited Review Report on the Unaudited Standalone FinancialResults of Foods and Inns Limited for the Quarter and Nine months ended on December31, 2018 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure

To

Requirements) Regulations, 2015

The Board of Directors

Foods and Inns Limited

Mumbai

1‘ We have reviewed the accompanying statement ofunaudited quarterly standalone financial

results ofFoods and Inns Limited (“the Company") for the quarter and nine months ended

on December 31, 2018, (“the Statement”),being submitted by the Company pursuant to the

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

Requirements) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated

July 5, 2016.

This Statement, which is the responsibility of the Company's Management and approved

by the Board of Directors, has been prepared in accordance with the recognition and

measurement principles laid down in Indian Accounting Standard 34 “Interim Financial

Reporting” prescribed under Section 133 of the Companies Act, 2013 read with the relevant

rules issued thereunder and other accounting principles generally accepted in India. Our

responsibility is to issue a report on the Statement based on our review.

2. 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

the Entity”, issued by the Institute of Chartered Accountants of India. This standard

requires that we plan and perform the review to obtain moderate assurance as to whether

the statement is free of material misstatement. A review is limited primarily to inquiries of

company personnel and analytical procedures applied to financial data and thus provides

less assurance than an audit. We have not performed an audit and, accordingly, we do not

express an audit opinion.

Gr M. KAPADIA 8: CO.

3. Based on our review conducted as above, nothing has come to our attention that causes us

to believe that the accompanying Statement, prepared in accordance with the aforesaid

Indian Accounting Standards and other accounting principles generally accepted in India,

has not disclosed the information required to be disclosed in terms of Regulation33 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with

SEBI circular noiCIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in

which it is to be disclosed, or that it contains any material misstatement,

For G.M. KAPADIA & CO.

Chartered Accountants

irm Registration. No. 104767W

Atul Shah

Partner

Membership No. 039569

Place: Mumbai

Date: February 12, 2019

mansANDINNSLIMH'ED

CIN:L55200MH1967PLC013837Kengflice:

UdvogBhavan,2nd

Flanr,29

WalchandHilamandMalg,BallardEstile,

Mumbzi400032.

Ph

Nu.23533103/O4/05,FaxNo.23533106/07E-ma

‘wVIletou$@fDDdsandinns.mmWebsltemwwlcodSandlnns

corn

SYATEMENTor

SYANDALONEUNAUDITEDFINANCIALRESUL‘ISFORTHEquAnERANDNINEMONTHSENDEDDECEMBER31,

2012

(3

In

Lakhsexcept(PS)

quanerended

NineMonthsended

Vearended

Paniculars

December31,2012

sememher30,2012

Decemhu31,

2017

December31,

2012

December31,

2017

Mzrch31,

2012

Una-mired

unaudned

Unaudled

Unaudited

u

"audited

And-red

I

RevenuefmmOperatluns

7,502.91

6,67459

7,242.77

20,711.22

21,59347

30,25411

other(meme

954.10

224.22

30092

1,52277

622.45

1,230.25

IuralIncome(I

+

II)

2,463.01

6,299.47

2,143.75

22,233.99

22,221.92

32,624.36

Expenses a

0051cf

MarenaIsConsumed

977.25

4,012.77

947.02

16,210.46

12,462.16

19,735.15

Purchaseof

Stockamwraae

650.67

347.91

109.54

1,122.54

442.42

541.25

ChangesIn

)nvenmnesof

FInIshedgoodsandSmckdrflrade

4,02763

(1,001.75)

4,59032

(5,05721)

(6,277.07)

(91.11)

EXCISEDutyExpenses

A

a

<

e

164.17

154.17

EmproyeeBenemsExpense

413.95

510.04

366.74

1,321.36

1,196.24

1,657.74

FInanceCosts

356.56

341.69

630.46

1,025.10

1,650.47

1,724.17

Depretlauon,AmomsationExpensesand

ImpairmenrExpenses

249.21

225.30

124.26

72.5.65

737.34

952.63

h

OtherExpenses

1,442.01

2,522.21

1,142.59

6,326.33

5,402.02

7,124.91

TeraIExpenses(:

to

n)

2,123.22

6,952.17

7,971.65

21,913.63

21,790.47

31,934.92

)1

TatalProfit/(L055)beforeExcep

naI

hemandTax

339.13

(52.70)

172.10

320.36

491.45

749.44

v

Excepuonatems(nererNote5)

13,241.34

.

-

13,241.34

.

.

V

I

Profit/(LOSS)helm:Tax(V-VI)

13,580.47

(55.70)

172.10

13,561.70

491.45

749.44

V

>

TaxExpense

a

CurrentTax

2,965.00

(14.22)

19.00

2,962.22

53.76

270.00

0

Deferredrax

(2.61)

(2.67)

(6.53)

2.29

(72.05)

(149.14)

maIm

expenses

2,962.39

(17.55)

12.47

2,971.71

(12.29)

120.26

Ix

NetProfit/

(Loss)Iorthe

perIodanerTax

10,612.02

(41.15)

159.63

10,590.00

509.74

528.58

x

mhercomprehensiveInmme(neraflax)

A.

Itemsthatw

not

be

redass

ed

subsequenuyto

Front/(L055)

Remeasuremem(gain/(lossnolnetdeflnedbenefit

30)

ry

(1.22)

(1.22)

(6.44)

(5.46)

(12.03)

7.27

EIrecz[gain/(1055)]of

measurmgequiryinnrumentsat

lairvamethroughon

(0.33)

(0.65)

1.34

(1.26)

0.25

(1.47)

)ncometaxon

above

0.64

0.64

2.13

1.91

5.96

(2.40)

2.

Itemstnarw

lberecIassmedsubsequentlymFront/(Lass)

FarrVamechangesan

Der‘

atwesde

'gnaredas

cashHowHedges

.

.

-

-

75.24

.

Incometaxon

above

—

.

.

.

(24.22)

-

orherComprehensiveIncome

(1.51)

(1.25)

(2.97)

(5.41)

32.54

3.40

Total

comprehens'e

Income(or

me

perrocuromp

ng

Profit/(loss)and

Other

x)

comprehen

2

Income(orme

period)(IX6X)

10,616.57

(43.00)

156.66

10,524.59

542.22

631.92

x

Pad-upEquIy

shareCap

aI

(Facevalueof

i

1

each)

167.79

167.79

160.59

167.79

15059

164

19

seem-eon

7,634.05 7,792.24

)0

omerEquzrv

XIV

Netwom)

”VA—

xv

EammgsPershzre(Nal

annuased)

new(In

3)

63

27

(0.25)

0.99

63.72

3.17

3.91

D

med

(In

?)

63.27

(0.25)

0.92

63.72

3.14

3.29

Mares: 1

rileatmvefinancialresultshavebeenreviewedby

the

AuditCommitteeand

approvedby

tire

Boardol

Directorsat

its

meetingireldan

Fehluary12,

zmsnheStatutoryAuditorshavecarriedout

mitedreviewat

the

resultsfur

the

quarterandNinemcnlhsendedDecembel31,

2012,

2

Financecastsslrdwnatmveis

netof

Interestsubaventlenon

ore-shipmentandpast-ShipmentEiedllu

(t

In

Lakhs)

Quarterended

NineMuntlrsended

Vear

ended

Paniculars

December31,1013

Septemberso,

1013

netemher31,

2017

December31,

2011

December31.

2017

Miami.31,1015

Unaudited

Unaudited

unaudited

Unaudited

Unaudned

Au

ted

interestxuhavenflnnon

Dre-shipmentandpostasnipmentcredit

59.9

80,54

75.93

215.49

156

9

333,54

shareal

the

latevalueat

310each

wassubdividedinto

in

EquitySharesol

1

1

eachand

acmrdingiy,Earningsper

sharelor

all

the

3.

DurinuheIastquarter,

pursuantto

sub-if

islnnoh’heEquizyslnaresoitheCompany,eachin

‘

pleviousquartersis

computed(ans

3

lacevalueas:

1/-

Salesfor

thequarter

Apri|1,2017to

Juneso,

2017

elusivenl

exciseduty

saleslor

theperiod)uly1,

2017(o

Decemher31,

2018is

netat

Goodsand

ServicesTax,Accordingly,the

amounlsarenot

comparable,

Duringthe

euanertheCompanyhas

soldthe

factoryland

alongwith

strunuretiiereuriat

Deonar,Mumbaifora

considerationof?

14,745Iakns.

A;

theCompany'sbusinessactivilv[illsWKhlnz

smglabusinesssegmentintermscl

IndAS

108

an

"OperatingSegmems"

,

the

tirefiguresof

Conespofldingplevmuspencehavebeenregmuped/

reclassmedwherevel

necessary,to

mniirmto

tinsp

'

Byorderaltneeoard

ForFOODSANDINNSMMITED

disclosure.

«writer;

lhupemiraDahl

chairman DIN:0M6|492

Plate:Mumbzl

Date

:

February12,2019

SI

,irml:FOR

IDENTII‘HA

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nr

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