ASHARI AGENCIES LIMITEDCIN:L65921UP1985PLC007030

Date: 13.02.2017To

Head- Listing OperationsBOMBAY STOCK EXCHANGE LIMITEDPhiroze Jeejeebhoy TowersDalal StreetMumbai- 400001

Sub: Outcome of the Board meeting dated 13.02.2017

Dear sJs,

With reference to the above captioned subject it is to inform you that following are the outcomeof the Board Meeting held today i.e. on 13th February, 2017 at 2.00 PM at the registered office ofthe Company.

1. The Board considered and approved the Unaudited Financial Results of the Companyquarter ended 31st December, 2016.

2. The Board reviewed and took on record the Auditor's Limited Review Report on theUnaudited Financial Results of the Company for the quarter ended 31st December, 2016.

Please find enclosed herewith the Copies of the following:

1. Unaudited Financial Results of the Company quarter ended 31st December, 2016.

2. Auditor's Limited Review Report on the Unaudited Financial Results of the Companyfor the quarter ended 315t December, 2016.

This is for your kind information and record please.

Thanking You.

For and on behalf of

Mis Ashari Agencies Limited

~.'

Name: Ra~mar GargDIN: 00928635Designation: DirectorAddress: KB- 110, Kavi Nagar,Ghaziabad- 201001

Regd. Office: 601 Disco Compound, G.T. Road, Ghaziabad-201001, Uttar PradeshEmail In: godgift3000(wgmailcam, Website: Wvv'iN.as"hariagencies-in

Phone: 0120-4122041, Fax: 0120-4569968!

I

'.' ASHARI AGENCIES UMITED

CIN: L659Z1 UP19B5PLC007030Regd. OII.: 601, DISCO COMPOUND, G.T. ROA.IJ, GHAZIABAD, UTTAR PRADESH-201001

EmaillD: kamleshpratikZOOl@yahoo.co.in

Statement of Un-Audited Results for the Quarter ended 31.12.2016

Part I (Rs. in thousands)

Particulars 3 months .ended Preceding 3 Corresponding 3 vear- to date figures Year to date figures for the Previous year ended(31/12/2016) Months ended months ended in the for current period previous year ended (31/03/2016)

[30/09/2016) previous year ended [31/12/2016) (31/12/2015)(31/12/2015)

(Refer Notes Below) (Unudited) (Unaudited) (Unaudited) (Unaudited) (Uaudited) (Audited)

1. Income from Operations

(a) Net Sales/Income from Operations (Net of excise duty)

(b) Other Operating Income (775.00) (116.00) (7.00) (891.00) (67.821.00) (75.830.00)

Total income from Operations (net) (775.00) (116.00) (7.00) (891.00) (67.821.00) (75.830.00)

2. Expenses

(a) Cost of Materials consumed

[b] Purchase of stock-in-trade

(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade

(d) Employee benefits expense 449.00 402.00 560.00 1.200.00 1.419.00 1.827.00

[ejueprecanon and amortisation expense 1.00 3.00 7.00

[f)Other expensesfAny item exceeding 10% of the total expenses 270.00 265.00 11.00 812.00 323.00 706.00

relating to continuing operations to be shown separately)

Total Expenses 719.00 667.00 572.00 2,012.00 1,745.00 2,540.00

3. Proflt 1 (Loss) from operations before other income, (1.494.00) (783.00) (579.00) (2.903.00) (69.566.00) (78.370.00)finance costs and exceptional items (1-2)

4. Other Income 4,227.00 3.575.00 1.388.00 8.022.00 19.171.00 30.20300

5. Profit / (Loss) from ordinary activities before 2.733.00 2.792.00 B09.00 5,119.00 (50,395.00) (48.167.00)finance costs and exceptional Items (3 1:4)

6. Finance Costs 41.00 17.00 58.00 39.00

7. Profit I (l.oss) from ordinary activities after finance 2,692.00 2,775.00 809.00 5,061.00 (50.395.00) (411.206.00)costs hut before exceptional1tems (5 ± 6)

,

8. Excep ncnal leems

9.Prufit / [Loss] from ordinary activities befure tax (7 2,692.UO 2,775.00 809.UO 5,061.00 (50.395.00) (4S.206.00)±-8)

10. Tax expense (1,234.00) (1,234.00) (21.759.00)

11.Net Profit / (loss) from ordinary activities after 3,926.00 2.775.00 809.00 6,295.00 (50,395.00) (26.447.00)tax (9 ± 10)

12. Extraordinary items (net of tax Rs. expense_Lakhs)

13. Net Profit / (Loss) for the per-iod (11 ± 3.926.00 2.775.00 809.00 6,295.00 (50.395.00) (26,447.00]12)

14. Paid-up equity share capital 1.715.700.00 1.715.700_00 1,715,700.00 1.715.700.00 1.715.700.00 1.715,700.00{Face Value of the Share shall be indicated)

15. Reserve excluding Revaluation Reserves as per 87.148.309.00 87,148.309.00 60.022.144.00 87,148.309.00 60,022.144.00 64.779,304.00balance sheet of previous accounting year

16.i Earnings Per Share [berorc extraordinaryitems)

(of Rs. _1- each) (not annualtsed):(a) Basic 2.89 1.62 0.47 3.67 (29.37) (15.41)(b) Diluted16.ii Earnings Per Share (after extraordinaryitems)(of Rs.-I. each) (notannuaiised):(a) Basic 2.89 1.62 0.47 3.67 (29.37) (15.41)(b) Diluted

Notes

1 The above Unaudited Financial results have been reviewed by the Audit Committise & approved By The Board of Directors at

their meeting held on 13th February. 20J 7.

2 The company does not have more than one reportable segment in line with the Accounting Standards (AS-17)-

segment Reporting' issued by the Institute of Chartered Accountants of India.

3 The previous period financial figures have been regrouped/rearranged wherever necessary to make them comparable.

4 The Columms having nil particulars have been excluded

5 EPS has been calculated in accordance with AS-20 issued by ICAI.

For: Ashari Agencies Limited

~Name: RAVlNDRA KUMAR GARG

Designation: Director

DIN: 00928635

Address: KB-1l0, I\AVI NAGAI.! GHAZIABAD 20] 001 UP IN

Date: Ll.02.2IJ.l7

IIq

:.~~ .J

R.K. GOVIL & co.CHARTERED ACCOUNTANTS

Phones: 0120-28618302861831

Fax: 2861832E-mail: govilgovil@gmail.com

4, Kiran Enclave, Behind Hotel Samrat, G.T. Road, Ghaziabad

Format for the Limited Review Report for company

ToThe Board of DirectorASHARI AGENCIESLIMITEDRegistered Office: 601 Disco Compound,G.T. RoadGhaziabad UP 201001

We have reviewed the accompanying statement of unaudited financial results of Ashari Agencies Limited for the periodended 31.12.2016. This statement is the responsibility of the Company's Management and has been approved by theBoard of Directors/ Committee of Board of Directors. Our responsibility is to issue a report on these financialstatements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE)2400, engagements to ReviewFinancial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan andperform the review to obtain moderate assurance as to whether the financial statements are free of materialmisstatement. A review is limited primarily to inquiries of company personnel and an analytical procedure applied tofinancial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we donot express 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 accounting standardsand other recognized accounting practices and policies has not disclosed the information required to be disclosed interms of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 including themanner in which it is to be disclosed, or that it contains any material misstatement.

For: R.K. Govil & Co.Chartered Accountants

FRN:000748C

Place: GhaziabadDate: is" February, 2017