BANAS FINANCE LIMITED Faithfully For Banas Finance Limited Girraj Kishor Agrawal [Director] BANAS FINANCE LIMITED E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400

BANAS FINANCE LIMITED E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400 053.

Tel : 022 61 52 2225 • Fax : 022 6152 2234 • Email : [email protected] • Website : www.banasfinance.com

Date: 13/08/2016

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

C I t4 r-65910M1-11983PLCO30 1,12

BSE Scrip Code: 509053 Sub: Outcome of Board Meeting

Dear Sir,

This is to inform you that 04/2016-2017 meeting of the Board of Directors of the company was held

on Saturday, 13th August 2016, at the Registered Office of the Company at E-109, Crystal Plaza, Opp.

Infinity Mall, New Link Road, Andheri (West), Mumbai-400053 at 02.30 P.M and concluded at 5:00

P.M. The Board considered and approved the following:

1. Standalone Unaudited Financial Results for the quarter ended 30th June, 2016 along with

Limited Review Report on the same.

2. Directors Report and Notice for 33rd Annual General meeting of the Company.

3. Ratification of appointment of M/s. Pravin Chandak & Associates, Chartered Accountants

(Membership No: 049391), as the Statutory Auditor of the Company for F.Y. 2016-17 and

also fixed the remuneration, subject to members approval at ensuring Annual General

Meeting.

4. Re-appointment of Mr. Girraj Kishor Agrawal (DIN: 00290959), who retires by rotation and

being eligible, offers himself for re-appointment.

5. Regularisation of office of Ms. Swati Digamber Shinde (DIN: 07286912) as an Independent

Director as a Director of the Company.

6. Regularisation of office of Mr. Hardikkumar Bharatbhai Kabariya (DIN: 07566240), as an

Independent Director as a Director of the Company.

7. Related Party Transactions up to Rs.50 Crores with each related parties in accordance with

section 188 of the Companies Act, 2013 and Regulation 23(4) of the SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015, subject to member's approval at ensuring

Annual General Meeting.

8. Fixed the dated for closing the Register of Members and Transfer Books from 21/09/2016 to

23/09/2016 for the purpose of AGM.

9. Fixed the 33rd Annual General Meeting of the Company on 28th September, 2016 at E/109,

Crystal Plaza, opp. Infinity Mall, New Link Road, Andheri (West), Mumbai- 400053 at 02.00

P.m. and also calendar of events for the AGM.

Yours Faithfully

For Banas Finance Limited

Girraj Kishor Agrawal

[Director]

BANAS FINANCE LIMITED

E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400 053. Tel : 022 6152 2225 • Fax : 022 6152 2234 • Email : [email protected] • Website : www.banasfinance.com

C L65910MH1983PLCO301/4..

10. Appointed M/s. Pravin Chandak & Associates, Chartered Accountants (Membership No:

049391) as the Scrutinizer for conducting e-voting and poll process for the 33rd Annual

General Meeting of the Company.

11. Reviewed and noted the Compliance made as per SEBI (Listing Obligation & Disclosure

Requirements) Regulation 2015 for the quarter ended 30.06.2016.

12. Recorded the status of Minutes of Board and Committees Meeting held and Statutory

Registers.

13. Approved the Secretarial Audit Report and discussed on Qualification, made by Secretarial /

Statutory auditors in their Audit Report for the F.Y 2015-2016.

14. Authorised to Mr. Girraj Kishor Agrawal (DIN: 00290959), as authorised representative of the

company to attend and vote the general meeting of other Companies.

Kindly acknowledge the Receipt.

Thanking You

Yours Faithfully


Girraj Kishor Agrawal

[Director]



C11■1_1.55910MH1983PLCO30142

Date: 13/08/2016

To,

The Bombay Stock Exchange Ltd

Corporate Relationship Dept,



Dalai Street, Fort, Mumbai — 400 001

Sub: Notice of Book Closure for AGM

Dear Sir,

This is to inform that the Board of Director of the Company has fixed the dates for Book Closure for

the purpose of 33 rd Annual General Meeting of the Company as follows:

BSE Scrip Code 509053

ISIN INE521L01022

Type of Security Equity Share

Book Closure Date 21/09/2016 TO 23/09/2016 (Both Days Inclusive)

Purpose 33rd Annual General Meeting

Please acknowledge the receipt.

Thanking You,

CC To,

The Manager

National Securities Depository Limited

Trade World, 'A' Wing, 4th & 5th Floors,

Kamala Mills Compound,

Lower Parel, Mumbai-400013

CC To,

The Manager

Central Depository Services (India) Ltd,

16th Floor, P. J. Tower,

Dalai Street, Fort, Mumbai -400001

CC To,

M/s. Purva Sharegistry (India) Pvt Ltd

9, Shivashakti Ind!. Estate, J.R. Boricha Marg,

Opp. Kasturba Hospital, Lower Parel (East),

Mumbai — 400 011



CT-0: Li95910MH1983PL0 03014 :

CALENDAR OF EVENTS

Name of Depository: National Securities Depository (India) Limited (NSDL)

Sr.

No.

Particulars Date

1. Date on which consent given by the scrutinizer to act as scrutinizer Monday, 8t h

August, 2016

2. Date of Board resolution authorizing one of the functional directors to

be responsible for the entire poll process.

Saturday, 13 th August, 2016

3. Date of appointment of scrutinizer Saturday, 1P—August, 2016

4. Benpose Date for Sending Notice to shareholders Friday, 266 August, 2016

Tuesday,06th September, 2016 5 Last date of completion of dispatch of Notice of Annual General

Meeting

6. Last date for Newspaper publication for details of E-Voting and

AGM notice dispatch

Tuesday,06 t September, 2016

7. Cutoff Date determining list of Members for E- voting

( 7 days prior to date of AGM/EGM )

Wednesday, 21 st September, 2016

8. Period for which E-voting facility is available and open to Members of

the Company.

Sunday, 25/09/2016 9:00 A.M. till

Tuesday, 27/09/2015 5:00 P.M.

9. Date and time of Annual General Meeting Wednesday, 28th September, 2016 at

2:00 P.M. ____ 10. Submission of the Report by the Scrutinizer On or before Friday,30 t September,

2016

11. Date of declaration of the result by the Chairman On or before closing hours on

Friday,30 th September, 2016

12. Date of handing over the E-voting register and other related papers to

the Chairman.

On or before Saturday, 1 st October,

2016

Please acknowledge the receipt.

Thanking You,


..„ 1 1403M Giriraj KishOrlAgrawal

(ok

Jiff

CC To,

The Manager

National Securities Depository Limited

Trade World, 'A' Wing, 4 th & 5 th Floors,

Kamala Mills Compound,

Lower Parel, Mumbai-400013

CC To,

The Manager

Central Depository Services (India) Ltd,

16th Floor, P. J. Tower,

Dalai Street, Fort, Mumbai -400001

Place: Mumbai

Date: 13/08/2016

CC To,

Bombay Stock Exchange Ltd

Corporate Relationship Dept,



Dalai Street, Fort, Mumbai -400 001

CC To,

M/s. Purva Sharegistry (India) Pvt Ltd

9, Shivashakti Indl. Estate, J.R. Boricha Marg,

Opp. Kasturba Hospital, Lower Parel (East),

Mumbai — 400 011

(Director)

13/08/2016 Financial Results_June_Banas.xlsm.html

General information about company

Scrip code 509053

Name of company Banas Finance Limited

Result Type Main Format

Class of security Equity

Date of start of financial year 01-04-2016

Date of end of financial year 31-03-2017

Date of board meeting when results were approved 13-08-2016

Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-08-2016

Description of presentation currency INR

Level of rounding used in financial results Lakhs

Reporting Quarter First quarter

Nature of report standalone or consolidated Standalone

Whether results are audited or unaudited Unaudited '

Segment Reporting Single segment

Description of single segment NBFC

AM SANAS FI ANNE LTD.

DIrecipt

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13/08/2016 Financial Results_June_Banas.xlsm.html

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars 3 months

ended (dd- mm-YYYY)

Previous 3 months

ended (dd- mill..yyyy)

Corresponding 3 months ended in the previous year (dd-

mm-YYYY)

Year to date figures for current period ended (dd-

mm-YYYY)

Year to date . figures for

previous period ended (dd-mm-

YYYY)

Previous accounting year ended (dd-mm-

YYYY)

A Date of start of reporting period

01-04- 2016

01-01-2016 01-04-2015 01-04-2016 01-04-2015 01-04-2015

B Date of end of reporting period

30-06- 2016

31-03-2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016

C Whether results are

audited or unaudited Unaudited Audited Unaudited Unaudited Unaudited Audited

D Nature of report

standalone or consolidated

Standalone Standalone Standalone Standalone Standalone Standalone

Part 1

1 Revenue From Operations

Net sales or Revenue from Operations

155.735 179.827 163.38 155.735 163.38 808.487

Other operating revenues

0 0 0 0 0 0

Total Revenue from operations (net)

155.735 179.827 163.38 155.735 163.38 808.487

2 Expenses

(a) Cost of materials consumed

0 0 0 0 0 0

(b) Purchases of stock-in- trade

205.411 475.307 419.47 205.411 419.47 1334.447

(c)

Changes in inventories of finished goods,

work-in-progress and stock-in-trade

_ 117.971 -297.623 -363.55 -117.971 -363.55 -613.573

(d) Employee benefit expense

2.386 3.429 2.22 2.386 2.22 12.319

(e) Depreciation and amortisation expense

0 0 0 0 0 0

(1) Other Expenses

1 Other Expenditure 20.657 288.921 9.16 20.657 9.16 292.031

Total other expenses 20.657 288.921 9.16 20.657 9.16 292.031

Total expenses 110.483 470.034 67.3 110.483 67.3 1025.224

10, SANAS FINA E LTD. 1\ Director

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10, BATAS FINAE up. \\11 3/6

Director

13/08/2016 Financial Results June_Banas.xlsm.html



ended (dd- , min-YY"'

Previous 3 months

ended (dd- mm -YYYY)

Corresponding 3 months ended in the previous year

(dd-mm-YYYY)

Year to date figures for

current period ended (dd-mm-

YYYY) .

Year to date figures for

previous period ended (dd-mm-

YYYY)

Previous accounting year ended (dd-mm-

YYYY)


01-04- 2016

01 ,•01- 2016

01-04-2015 01-04-2016 01-04-2015 Q1-04-2015


30-06- 2016

31-03- 2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016

C Whether results are audited or unaudited

Unaudited Audited Unaudited Unaudited Unaudited Audited

D Nature of report standalone or consolidated


Part I

3 Profit (loss) from

operations before other income, finance costs and

exceptional items

45.252 -290.207 96.08 45.252 96.08 - -216.737

4 Other income 0 0.685 0 0 0 0.805

5

Profit (loss) from ordinary activates before

finance costs and exceptional items

45.252 -289.522 96.08 45.252 96.08 -215.932

6 Finance costs 27.693 25.942 25.33 27.693 25.33 100.642


ordinary activities after finance costs but before

exceptional items

17.559 -315.464 70.75 17.559 70.75 -316.574

8 Prior period items before tax

0 0 0 0 0 0

9 Exceptional items 0 0 0 0 0 0


ordinary activities before tax

17.559 -315.464 70.75 17.559 70.75 -316.574

11 Tax Expense 0 0.179 13.48 0 13.48 13.179

12 Net profit (loss) from

ordinary activities after tax

17.559 -315.643 57.27 17.559 57.27 -329.753

13 Extraordinary items 0 0 0 0 0 0

14 Net Profit Loss for the period from continuing

. operations 17.559 -315.643 57.27 17.559 57.27 -329.753

15 Profit (loss) from discontinuing operations before tax

0 0 0 0 0 0

16 Tax expense of discontinuing operations

0 0 0 0 0 0

17 Net profit (loss) from

discontinuing operation after tax

0 0 0 0 0 0

18 Profit (loss) for period

before minority interest 17.559 -315.643 57.27 17.559 57.27 -329.753

21

Net Profit (loss) after taxes minority interest

and share of profit (loss) of associates

17.559 -315.643 57.27 17.559 57.27 -329.753

file:///SRANAS%20FINANCE%2OLTD/Results/2016-17/June%202016/Financial%20ResultsJune Banas.xlsm.html

13/08/2016 Financial Results June Banas.xlsm.html



ended (dd- mm-yyyy)

Previous 3 months

ended (dd- mm-yyyy)

Corresponding 3 months ended in the previous year (dd-

mm-yyyy)

Year to date figures for current period ended (dd-mm-

yyyy)

Year to date figures for previous period

ended (dd-mm- yyyy)

Previous accounting year ended

(dd-mm-yyyy)


01-04- 2016

01-01-2016 01-04-2015 01-04-2016 01-04-2015 01-04-2015


30-06- 2016

31-03-2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016

C Whether results

are audited or unaudited

Unaudited Audited Unaudited Unaudited Unaudited Audited

D Nature of report

standalone or consolidated


Part I

22 Details of equity share capital

Paid-up equity share capital

1137.6 1137.6 1137.6 1137.6 1137.6 1137.6

Face value of equity share capital

1 1 1 1 1 1

23 Details of debt securities

24

Reserves excluding revaluation reserve

0 0 0 0 0 2347.708

26 Earnings per share

i

Earnings per share before extraordinary items

Basic earnings per share before extraordinary items

0.015 -0.277 0.05 0.015 0.05 -0.29

Diluted earnings per share before extraordinary items

0.015 -0.277 0.05 0.015 0.05 -0.29

ii Earnings per share after extraordinary items

Basic earnings per share after extraordinary items

0.015 -0.277 0.05 0.015 0.05 -0.29

Diluted earnings per share after extraordinary items

0.015 -0.277 0.05 0.015 0.05 -0.29

30 Disclosure of notes on financial results

I ) Textual Information( I)

i For SANAS FM E Li-D.

Director

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For SANAS FNA E up. \;

Director

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Financial Results June Banas.xlsm.html

Text Block

1. The above financial results for the quarter ended 30 June, 2016 have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 13th August, 2016 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 30/06/2016: Opening - 0, Received -0, Resolved

Textual Information(1) -0,Closing - 0.

4. This Result is available on our Website www.banasfinance.com and on the website of BSE i.e. www.bseindia.com

5. The Company has Single Reportable Segment as Defined in Accounting Standard 17, Therefore Segment Reporting is not Applicable to the Company

6. Provision for Taxation if any, will be made at the end of the Financial Year and hence not provided on quarterly basis.

13/08/2016

Financial Results June Banas.xlsm .htm I

Sal f3ANAS FlAfA C \ E LTD.

/Director

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Documents

BANAS FINANCE LIMITED Faithfully For Banas Finance Limited Girraj Kishor Agrawal [Director] BANAS FINANCE LIMITED E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400