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SHREE HARI CHEMICALS EXPORT LIMITEDCORPORATE OFF.: 103/104. UNIQUE TOWER. S. V. ROAD, NEAR KAMAT CLUB. GOREGAON (W), MUMBAI - 400 062. (INDIA)

TEL.: (91-22) 28787081 /2/3 0 Fax: (91—22) 28725033 - e-mail: shreeharichem©gmaiLcom / shc@vsn|rnet

website : www.8hreeharichemicals.in 0 DIN Nor L99999MH1987CO44942

Date: February 08, 2018

To,

The General ManagerDCS - CRD

BSE LIMITED

Phiroze Jeejeebhoy Towers

Dalal Street,

Mumbai 400 001

Scrip code: 524336

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, this is to inform you that at the Board

Meeting held on Thursday, February 08, 2018 the Board approved the

following:

1. Un—audited Financial Results for the quarter ended on December 31, 2017.

2. Re—appointment of Shri Hanuman Prasad Ramuka (DIN: 02440114) as

Whole- Time Director of the Company for a period of three years with effect

from 30th April, 2018, subject to the approval of members in the General

Meeting.

The Meeting commenced at 1.00 pm. and concluded at 3.30 pm.

Enclosure:

1. Unaudited Financial Results for the quarter ended on December 31,

2017 along with the Limited Review Report of the Auditors.

2. Brief profile of Shri Hanuman Prasad Ramuka..

Thanking you.

Yours faithfully,

For SH EE HARI CHEMICALS EXPORT LIMITED

‘1/

ANUP RAMUKA

Managing Director

REGD. OFF. ll WORKS :

A/B, M.I.D.C‘ INDUSTRIAL AREA, MAHAD, DIST : RAIGAD (M.S.) TEL.: (91-2145) 232177

SHREE HARI CHEMICALS EXPORT LIMITEDCORPORATE OFF.: 103/104, UNIQUE TOWEFI, S. V, ROAD, NEAR KAMAT CLUB, GOREGAON (W), MUMBAI - 400 062. (INDIA)

TEL.: (91-22) 28787081 / 2 / 3 - Fax: (91-22) 26725033 - e-mail: shreeharichem@gmail.com I shc@vsnl.net

website :www,shreeharichemicaisin - CIN No. L99999MH1987CO44942

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STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 ST DECEMBER 2017

R in Lakhs)

(Except EPS)

5R. plmwlanFor the Quarter Ended For the Nine Months ended on Year Ended

NO. Dec 31,2017 Sept 30,2017 Dec 31,2016 Dec 31,2017 Dec 31,2016 March 31,2017

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

1 Revenue From Operation 1,190.66 1,665.08 2,595.70 4,372 .64 7,933. 72 11,470 33

2 other Income 32.64 46.55 71.79 142.20 193.26 235.77

3 Toni Income (1+2) 1,223.50 1,711.63 2,667.49 4,514.64 6,126.99 11,707.10

4 Expenses

a Cost of Materials Consumed 617.04 622.70 1,762.26 2,626.61 5,121.01 7,054,723

b Purchases of Stock—in-Trade- - -

- 43.84 43.84

5 Changes in inventories or Finish goods,work-in-progress and stock-

in-trade 122,12 379.93 (352.97) 355 04 (169.53) 103.39

d Employees benefit expenses 267.27 23979 350.13 771.41 962.97 1,277.70

e Finance cost 1.19 1.23 10.66 425 15.76 22.31

t Depreciation and amortisation expenses 91.59 90.60 76.69 272.62 212,42 276.70

9 Other expenses360.63 401.97 613.62 1,263.35 2,049.50 3,100.70

Total Expenses (a to 9) 1,460.05 1,936.21 2,660.39 5,513.27 6,235.96 11,676.37

5 ProfltI(Loss) baton Tax (3-4) (236.55) (224.56) 7.10 (996.44) (106.99) (172.27)

6 Tax expenses

3 Current Tex-

--

--

-

b Deferred tax (72.96) (80 23) (25.56) (364 99) (41.09) 16.61

c Short/excess provision for earlier periods 0.00 5108 ~ 51.08 --

Total Tax expenses (7296) (29.15) (25.55) (333.91) (41 09) 16.61

7 Net Profitl(Loss) tor the Perlod (55) (15358) (1135,43) 32.68 (564.53) (67.90) (mess)

8 other Comprehensive income

items that will not be reclassified to prolit or loss

i. Remeasurement of the delind benefit plans.-

- —- 434

ii. income tax relating to items that will not be reclassified to

profit or loss ..

-< (1.34)

Total other comprehensive lnceme,net of Income tax-

--

- 3.00

9 Total Comprehensive income for the perIod (7+8) (183.58) (195.43) 32.66 (664.53) (61.90) (185.88)

10 Paid up Equity Share Capital (Face Value Rs.10 each) 444.63 444.63 444.63 444.63 44463 444.63

Face value of share( ') 10.00 10.00 10.00 10.00 10.00 10.00

11 Reserves Excluding Revaluation Reserve-

--

- 4,511.94

12 Earnings per share (of Rs 10 each) (not annualised)

a) Basic (368) (4.40) 0.74 (14.95) (1.53) (4,18)

b) Diluted.

(3.66) (4.40) 0.74 (14.95) (1.53) (4.18)

REGD. OFF. 61 WORKS :

A/B, M,|.D.C. INDUSTRIAL AREA, MAHAD, DIST : FIAIGAD (M,S.) TEL: (91-2145) 232177

SHREE HARI CHEMICALS EXPORT LIMITEDCORPORATE OFF.: 103/104, UNIQUE TOWER, S. V. ROAD. NEAR KAMAT CLUB, GOREGAON (W), MUMBAI - 400 062. (INDIA)

I .2?»IIII nI

IIIIIIIIIIn... mumI TEL.: (91—22) 28787081 /2 / 3 0 Fax: (9122) 28725033 I e-mail: shreeharichem®gmail.com/shc@vsnl.net

website :www.5hreeharichemicalsin I CIN No. L99999MH1987CO44942

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Notes :

N

1 The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting

held on 8th February ,2017. A limited review of the results for the quarter and nine months ended 31122017 has been carried out by

the Company's statutory auditors The corresponding financial information of the Company for the quarter and nine months ended

31122016 is based on the previously issued and reviewed quarterly financial results prepared in accordance with applicable

accounting standards. Such information has been adjusted for the differences in the accounting principles adopted by the Company

in the process of transition to Ind-AS.

The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind AS)

prescribed under section 133 of the Companies Act,2013 and other recognised accounting practices and policies to the extent

applicable Beginning April 1,2017 ,the Company has for the first time adopted Ind A5 with a transition date of April 1,2016

The Company operates in a single business segment and therefore, has only one reportable segment in accordance with Ind AS 108

"Operating Segments"

4 The Ind AS compliant corresponding figures for the period as reported above have not been subject to limited review. However,

management has exercised necessary due diligence to ensure that such financial results provide true and fair view of its affairs.

There is possibility that these quarterly financial results may require adjustments before constituting the final Ind AS Financial

Statements as of and for the year ending March 31, 2018 due to changes in financial reporting requirements arising from new or

revised standards or interpretations issued by MCA or changes in use of one or more optional exemptions from full retrospective

application as permitted under Ind AS 101,

Under previous GAAP, investments were stated at lower of cost and fair value. Under Ind AS, these financial assets have been

classified as FVTPL on the date of transition and fair value changes after the date of transition has been recognised in profit or loss.

Under previous GAAP, dividend payable is recognised as a liability in the period to which it relates. Under 1nd AS, dividends to

shareholders are recognised when declared by the members in a general meeting.

The figures for the previous period has been regrouped/reclassified, wherever necessary in order to conform to the current

grouping/classification.

Reconciliation of Net Profit as previously reported under GAAP and Ind A5 for the period as reported above have given in

Annexure-I. Reconciliation of Equity as previously reported under GAAP and Ind A5 for the period as reported above have given in

Annexure—II

For and behalf of the Board

SHREE HARI CHEMICALS EXPORT LTD.

/

Place - Mumbai WAL ANUP RAMUKA

Date February 08,2018 CHAIRM N & ECUTIVE DIRECTOR MANAGING DIRECTOR

[DINzOOlZlDBO] [DIN:00755748]

FIEGD. OFF. 8: WORKS :

N8, M.|,D.C. INDUSTRIAL AREA, MAHAD, DIST : HAIGAD (M5,) TEL.: (91-2145) 232177

_.-‘ ®

=-=-'-=_._ SHREE HARI CHEMICALS EXPORT LIMITED__=_: 2 CORPORATE OFF; 103/1 04, UNlOUE TOWER, s. v. ROAD, NEAR KAMAT CLUB, GOREGAON (W). MUMBAl - 400 062. (INDIA)

Eafl'E TEL.: (91-22) 28787081 / 2 / 3 - Fax: (91-22) 26725033 - e—mail: shreeharichem©gmailcom / shc@vsnl.net

_§fl.!:E website :www.shreeharichemicals.in - CIN NO. L99999MH1987CO44942

Knnexure - I

Reconciliation of Net meit as previausly reported on account of transition from the previous Indian GAAP (‘0 Ind A5 for the Quarter Ended December 31,2016, nine months ended December 31, 2016 and year ended March 31, 2017

R in Lakhs)

For Quarter ended Slat For Nine Munths ended

particulars December, 2015 315! December, 20165°” “'9 ye" "‘“d .31"

. March, 2017 (unaudited)(unaudited) (unaudited)

Net pmfit aftertax as mported under pmious GAAP 31.53 (69.15) (153.29)Effect Of measuring Investments 3) Fair Value through profit or 1055 1.15 1.76 (3.75)Deferred Tax adjustments (0.33) (0.52) 2.50

Remeasuremem uI defined benefit plans recognised in Other ComprehensiveIncome

--

(4.34)Net Profit for the yeavperiad as per Ind AS 32.68 (67.90) (153.35)Other Comprehensive Income , . 3.00

Total Comprehensive Income for the year/period as per Ind AS 32.68 (67.90) (185.88)

Annexure - II

Reconciliatinn of Equity as reported under previous GAAP is summarised as follows :

R in Lakhs)

ParticularsFor the year ended Slst For the year ended Isl

Mmh, 2017 (unaudited) April, 2016 (unaudited)

Total Equity (shareholder's funds under Previous GAAP) 4,537.14 4773.95

Reversal of proposed dividend (including dividend dislribution tax) in the absence

of Obligating event 5351 53.51

Effect of measuring investments in Equity Shares 6: Mutual Funds 3! fair value

through profit or loss 30.79 34.55

Deferred Tax on Ind AS adjustments (9.52) (10.67)Tatal Equity under Ind AS 4611.94 4851.34

Place: Mumbai

Date: February 08,2015

For and behalf of the Board

SHREE HARI CHEMICALS EXPORT LTD.

:00"” mmac. R WALK/aCHAIRM N8: ECUTIVE DIRECTOR

[DIN:00121080]

HEGD. OFF. Sr WORKS :

N8, M.I.D,C. INDUSTRIAL AREA, MAHAD, DIST : FIAIGAD (M.S.) TEL.: (91-2145) 232177

(4/

ANUP RAMUKA

MANAGING DIRECTOR

[DIN:00755748]

g. Q). Sirgflvi & Company (ma)CHARTERED ACCOUNTANTS %

6-A/1, NEW EXCELSIOR BLDG., WALLACE STREET. FORT, MUMBAI - 400 001.

TEL. : 2207 7840 / 2207 4622 I FAX: (022) 2200 0165 0 Email Igdsinghvi@gmail.com

CA. L. G. SINGHVI CA. S. G. SINGHVI

B.Com. F.C.A B.Com. F.C.A

INDEPENDENT AUDITOR’S REVIEW REPORT

To,

The Board of Directors

Mls Shree Hari Chemicals Export Limited

We have reviewed the accompanying statement of unaudited Financial Results of Mls SHREE

HARI CHEMICALS EXPORT LIMITED (“the company") for the period ended December 31,2017

being submitted by the Company in pursuant to the requirement of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulation 2015, as modified by Circular No.

"CIR/CFD/FAC/62/2016" dated July 05, 2016 and “ClR/IMD/DF1/69/2016" dated August 10, 2016.

This statement is the responsibility of the Company’s management and has been approved by the

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

principles laid down in Indian Accounting Standards i.e. Ind AS, prescribed under section 133 of the

Companies Act, 2013 read with relevant rules issued there under and accounting principles

generally accepted in India. Our responsibility is to issue a report on the statement based on our

revrew.

We conducted our review in accordance with the standard on review engagement (SRE) 2410

“Review of Interim Financial Information performed by Independent Auditors 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 procedure 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.

Based on our review conducted as stated above, nothing has come to our attention that cause us to

believe that the accompanying statement of unaudited financial results has not been prepared in all

material respects in accordance with applicable Indian Accounting Standards (i.e. Ind AS) and other

recognized accounting practices and policies, and has not disclosed the information required to be

disclosed in terms of Regulation 33 of the Listing Regulations, 2015 as modified by Circular No.

“ClR/CFD/FAC/62/2016" dated July 05, 2016 and “ClR/lMD/DF1/69/2018" dated August 10, 2016,

including the manner in which it is disclosed, or that it contains nay material misstatement.

FOR MIS G. D. SINGHVI 8: COMPANY

CHARTERED ACCOUNTANTS

Firm Reg 110287W

l

S. G. l I

PARTNE Place: Mumbai

Date: 08/02/2018

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SHREE HARI CHEMICALS EXPORT LIMITED

CORPORATE OFF: 103/104, UNIQUE TOWER, S, V, ROAD, NEAH KAMAT CLUB, GOREGAON (W), MUMBAI - 400 062. (INDIA)

TEL.: (91-22) 28787081 (2 / 3 - Fax: (91-22) 28725033 I e-mail: shreeharichem®gmaiLcom / shc@vsnl.net

website :www.shreeharichemicalsin - CIN No. L99999MH19E7CO44942

RE—APPOINTMENT OF SHRI HANUMAN PRASAD RAMUKA

Reason for change: Re—appointment

Date of Re-Appointment: Effective date of re—appointment is 30th April, 2018.

Term of Appointment: Re-appointed as Whole- Time Director for the period

of three years with effect from 30'h April, 2018.

Brief Profile: Shri Hanuman Prasad Ramuka, 46, is a Bachelor of Commerce

and also a Chartered Accountant. He has over 21 years of experience in

Chemical Industry. He is responsible for Management of Plants activities of

the company. He has been Whole time Director of Shree Hari Chemicals

Export Limited since 2008.

Disclosure of relationships between directors

There is no pecuniary relationship between Shri Hanuman Prasad Ramuka

and other directors of the Company.

REGD. OFF. 8: WORKS :

A/B. M.I.D.C. INDUSTRIAL AREA, MAHAD, DIST : HAIGAD (M.S.) TEL.: (91-2145) 232177