Corporate Office : K. K. Chambers, Sir P. T. Road, Fort, Mumbai - 400 001. Tel: 022-22072526 Fax : 022-26740371Registered Office & Factory : Gat No.: 204, Nashik - Mumbai Highway, VTC Phata, Wadivarhe,Taluka - Igatpuri, Dist.: Nashik - 422403 Tel: 02553-282200 / 238 / 252Email: sales@vsci.in Website : www.vscl.inCIN:L24100MH2009PLC190516

Vadivarhe Speciality Chemicals Ltd.

Mr. Pramod GajareExecutive\pjrector

DIN:07932^25Address: Asha Apartment, Flat No. 6,Shivthirth Coloney near New Padma Hotel

Kamathwade, Trimurti Chowk Nashik 422008

ISO 9001 -2015Sustaining purity • Enhancing value

August 14, 2019

To,

National Stock Exchange of India LtdExchange Plaza, 5lh Floor,

Plot C/l, G Block, Bandra-Kurla Complex,

Bandra (East), Mumbai- 400051

Symbol: VSCL

Ref: Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015

Subject: Outcome of Board Meeting of the Company held today i.e. August 14, 2019

Sir/Madam,

Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, we wish to inform you that, inter alia, the following decision has been takenat the Meeting of the Board of Directors of the Company held today i.e. August 14, 2019, at K.K. Chambers, Sir P. T. Road, Near Cathedral School, Fort, Mumbai 400001, India:

• The Board of Directors has approved the un-audited financial results of the Company for

the quarter ended June 30, 2019. Please find enclosed the Financial Results together with

the Limited Review Report thereon. (Refer Annexure)

The meeting commenced at 1:00 P.M. & concluded at 2.00 P.M

Kindly take the same on your records.

For Vadivarhe Speciality Chemicals Limited

VSCL

PartnerMembership Number 014509

DIN: 00064412

Chairman & Executive Director: Sunil Haripant Pophala

,, /

Mumbai S. R/K^h^lkar ^^August 14, 2019 /jff^j^^

(^^^>U r^ a/^^^me and Designation

—f| , / /^

For ahd Behalf of the Board of Directorsen furnished.

cirm Registration Nuipber 108283W \A, J^Chartered Accountants X-*—-—3. R. Ranalkar and Associates (

The Company is listed on the SME Platform of the National Stock Exchange (NSE EMR6E). The d sclosuces-as-appljcable, have beSales for all periods are net of taxes .

ment for which confirmation is awaited

urrent period's presentations.

Trade receivable includes the interest due of Rs 217.69 lacs for delayed payments from customer as per agree

Figures of the previous period/year have been regrouped/re-arranged wherever necessary to confirm to the cTax expenses /(credit) is after adjusting MAT credit entitlement and adjustment of taxes for the previous period, if any.

icable.The Company operates in a single segment. Hence, segment reporting is not app

2019. Limited Review Report of the result for the quarter ended June 30,2019 have been carried out by the statutory Auditor of the CompanyThe above financial results as approved by the Audit Committee have been approved by the Board of Directors at their meetings held on August 14,

^isclosure Requirements ) Regulations, 2015.Financial Result for the quarter ended June 30, 2019 is being prepared in accordance with the Regulation 33 of the SEBI (Listing Obligations and

Place:Date:

S7

6

543

Notes:

1,470.47

1,278.280.050.05

6.20--

6.20(8.65)7.74

5.29

5.29

5.293,277.05

469.22940.83162.7381.71

560.00

(379.31)

12.031,429.83

3,282.3446.69

3,235.65

(Audited)

ended(31/03/2019)

Previous year

1,485.46

1,278.280.120.12

14.98

14.98(11.97)

-

3.01

3.01

3.011,082.83

67.75203.89

46.0127.16

156.28

14.15

567.59

1,085.842.99

1,082.86

(Unaudited)

figure(30/06/2019

Year to date

1,525.29

1,278.280.480.48

61.01-

61.01(17.79)31.35

74.57

74.57-

74.57695.19150.09206.1733.7914.72

137.09

(3.95)

157.28

769.761.98

767.79

(Unaudited)

the previous year(30/06/201S)

Corresponding 3

1,564.29

1,278.280.730.73

(93.82)

(93.82)2.71

(13.90)

(105.01)

(105.01]

(105.01]822.96

88.98221.1945.0627.45

132.76

(194.34)

501.86

717.9642.82

675.13

(Unaudited)

ended(31/03/2019)

Preceding

1,485.46

1,278.280.120.12

14.98

-

14.98(11.97)

3.01

3.01

3.011,082.83

67.75203.8946.0127.16

156.28

14.15

567.59

1,085.842.99

1,082.86

(Unaudited)

ended(30/06/2019)

3 months

Reserves excluding Revaluation Reserves as per Balance Sheet of Previousccounting year

Paid-up Equity Share Capital ( Face Value Rs. 10/- each)2) Diluted1) Basicarnlngs per equity share:rofit (Loss) for the period (XI + XIV)

Profit/floss) from Discontinuing operations (after tax) (XII-XIII)Tax expense of discontinuing operations

3rofit/(loss) from discontinuing operationsProfit (Loss) for the period from continuing operations (VII-VIII)2) Deferred tax1) Current tax

Tax expense:rofit before tax (VII- VIII)

Extraordinary itemsProfit before extraordinary items and tax (V - VI)Exceptional Items - Prior Period lncome/(Expenses)

Profit before exceptional and extraordinary items and tax (III - IV)Total expensesOther ExpensesManufacturing expensesDepreciation and amortization expenseFinance costsEmployee benefits expense

Changes in inventories of finished goods work-in-progress and Stock-in-Trade

Purchase of Stock-in TradeCost of Materials ConsumedExpensesTotal Revenue (1+11)Other IncomeRevenue from Operations*

Particulars

(Rupees in Lakhs, except Earnings per share dataStatement of Standalone Unaudited Financial Results for the quarter ended 30 June, 20IS

Phone : 02553 282200 Fax :022 26740371Email id: accounts@vscl.in Website: www.vscl.in

CIN: L24100MH2009PLC190516,GAT NO. 204, VADIVARHE IGATPURI MH 422403,

XVIII

XVII

XVI

XVXIVXIIIXIIXI

X

IXVIIIVIIVIV

87654

3

2l

IViniii

Vadivarhe Sepciality Chemicals Limited

DIN:00064412V•iC/'^

Chairman & Executive DirectorSunil Haripant Pophale

, A

4ame and Designation

—^ 1 f)^ For and Behalf of the Board of Directors

^artner //.\

V'b

August 14, 2M9 _ AQJilht

cirm Registration N^mber 10828;Chartered AccountantsS. R, Ranaikar and Associat

Date:Place:

presentationFigures f r the previous period/year have been rearranged/redassified wherever necessary to correspond with current period/year

5,773.903.09

346.2157.74

1,270.09659.68

19.96614.35

-

188.4711.41

2,597.80

5,773.90107.36302.07

489.12

1.22

578.52

58.340.98

214.501,273.04

1,470.471,278.28

(Audited)

As at(31/03/2019)

(Rupees In Lakh)

5,924.41130.92419.62

92.351,423.49

788.81

20.63222.85

.

190.7810.45

2,619.43

5,924.41140.02288.52

828.91

508.92

58.34

202.531,133.44

--

1,485.461,278.28

(Unaudited)

As at130/06/2019)

TotalOther Current Assetshort-term Loans and Advances

Cash and Cash EquivalentTrade Recievablesnventories

Current InvestmentsCurrent AssetsOther Non-current Assetsong - term Loans and Advances

Deferred Tax Assets (Net)

ntangibie Assets under developmentCapital Work-in-progressntangibie Assets

Tangible Assetsixed Assets

ilon-current AssetsAssetsTotalShort-term provisionsOther Current Liabilities

enterprises and small enterprisesB) total outstanding dues of creditors other than micro

enterprises: and(A) total outstanding dues of micro enterprises and smallTrade Payables

Short-term borrowingsCurrent LiabilitiesLong-term provisionsOther Long Term LiabilitiesDeferred Tax Liabilities (Net)Long - term borrowingsNon-current LiabilitiesShare Application money pending allotmentMoney Received against Share WarrantsReserves and SurplusShare CapitalShareholders' FundEquity and Liabilities

Particulars

Balance Sheet as at 30th June 2019

Phone : 02553 282200 Fax :022 26740371Email id: accounts@vscl.in Website: www.vscl.in

CIN: L24100MH2009PLC190516,GAT NO. 204, VADIVARHE IGATPURI MH 422403,

Vadivarhe Sepciality Chemicals Limited

(f)(e)(d)(a)(b)(a)

(a)(d)

(iv)(b)(c)

(iii)(10(0

Ma)

(d)(c)

(b)

(a)4

(d)(O(b](a)

32

(c)(b)(a)1

Limited Review ReportUDiN: 19014509AAAACQ5553

ToThe Board of Directors,Vadivarhe Specialty Chemicals Limited

I.- We have reviewed the accompanying statement of unaudited standalone AS financial

results ('Statement') of VADIVARHE SPECIALITY CHEMICALS LIMITED ('the

Company') for the quarter ended June 30, 2019 and year to date results for the period from

Is1 April 2019 to 30th June 2019 and statement of assets & liabilities as at 30lh June 2019

('the Statement") attached herewith, being submitted by the company pursuant to the

requirement of Regulation 33 of the SLI3I (Listing Obligations and Disclosures

Requirements) Regulations, 2015 (the "Listing Regulations, 2015'") as amended read with

Circulars issued by SEBI from time to time.

2.The preparation of the Statement fn .accordancewith the recognition and measurement

principles laid down in Accounting Standards, .prescribed under Section 133 of the

Companies Act. 2013 as applicable and other accounting principles generally accepted in

India is the responsibility of the Company's Management and has been approved by the

Board of Directors; Our responsibility is to issue a report on these financial statements

based on our review. •••

3.We conducted our review in accordance with the Standard on Review Engagement (SRE)

2410, "Review of Interim financial Ltformattati 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

financial statements are free of material misstatement. A review is limited primarily to

inquiries of company personnel and analytical procedures applied to the financial data and

thus provide less assurance than an audit. We have not performed an audit and accordingly,

we do not express an audit opinion.

Rat No. 1, "A" Wing, Bhumi Exotica Appt., Near Rathi Amrai, Near Chopda Lawns, Swami Vivekanand Road,

Off Gangapur Road, Nashik-422013. • Ph.: 2575093, 2581597, E-mail: srr.assoc@gmail.com

S. R. RAHALKAR AND ASSOCIATESCHARTERED ACCOUNTANTS

Place: MumbaiDate: 14"'August 2019

CA SahalkarPartner

Membership No. 014509

UDIN: 19014509AAAACQ5553

For and on bchulfof

M/s. S.R.Rahalkar & Associates

Chartered Accountants

Firm Registration No-108283W

4. Based on our review conducted as above, nothing has come to our attention thai cattscs us

to believe that the accompanying statement, is not prepared in accordance with the

recognition and measurement principles laid, down in Accounting Standards prescribed

under Section 133 of the Companies Act, 2013 read with relevant rules issued there under

and other recognized accounting practices and policies, and has not disclosed the

information required to be disclosed in terms of Regulation 33 of the SBBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as amended including the

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

Flat No. 1, "A" Wing, Bhumi Exotica Appt., Near Rathi Amrai, Near Chopda Lawns, Swami Vivekanand Road,

Oft Gangapur Road, Nashik- 422013. • Ph.: 2575093,2581597, E-mail: srr.assoc@gmail.com

S. R. RAHALKAR AND ASSOCIATESCHARTERED ACCOUNTANTS