omo Ti de & Consultancy • (Formerly Karnalakshi Finance Corporation Limited)

C:N. 1.6 7 12CMH191:'''i.00

Date: 12/12/2017

To, The Bombay Stock Exchange Ltd Corporate Relationship Dept, 1 ,1 Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalai Street, Fort, Mumbai - 400 001

BSE Scrip Code: 501314

Dear Sir, Sub: Outcome of Board Meeting

This is to inform that the 06/2017-2018 meeting of the Board of Directors of the Company was held on Tuesday, 12th December 2017 at the Registered Office of the Company at 705, Morya Bluemoon, Near Monginis. Cake Factory, New Link Road, Opp. City Mall, Andheri (West), Mumbai - 400053 at 04.00 P.M. and concluded at 06.00 P.M. The board considered and approved as follows:

1. The Standalone Unaudited Financial Results for the quarter and half year ended on 30th September, 2017 along with Limited Review Report thereon.

2. Took note on Compliance status with Lilting and other legal requirements relating to Financial Statements for quarter ended 30th September 2017.

3. Appointed Ms. Nimisha Kasat (A47054) qualified Company Secretary and Member if ICSI as a Compliance officer and Company Secretary of the Company w.e.f 12th December, 2017.

4. Authorized Ms. Nimisha Kasat, a Compliance officer and Company Secretary of the Company (Key Managerial Personnel) for the purpose of determining materiality of an event o: information under Regulation 30(5) of LODR Regulation, 2015

Kindly acknowledge the Receipt.

Thanking You Yours Faithfully For Gromo trade & itancy limited

eft. cs, 0 1 10

dor

End: 1. UFR and LR for 30.09.2017 2. Profile of Company Secretary

Nilesh antlal (Whole Time D

Brief Profile of CS : Name of the Company Secretary Ms. Nimisha Kasat Fathers’ Name Mr. Suresh kasat Date of Birth 08/07/1995 Age 22 Years Date of Appointment 12.12.2017 Permanent Account Number (PAN) DEWPK9437Q ACS No. A47054 Qualifications Company Secretary and B.com Relevant section and rule Section 203 of Companies Act , 2013 read

with companies (Appointment and Remuneration of Managerial Personnel) rules 2014 and Regulation 6(1) of SEBI LODR Regulation 2015

Brief Profile She is a Associate Member of Institute of Company secretaries of India , who Possess the requisite Qualification as prescribes under the Companies (Appointment and Qualification of Secretary) Rule , 1988

ir .--------',. - GROMO TRADE & CONSULTANCY LIMITED (Formerly known as Kamalakshi Finance Corporation Limited)

Address: 705, Morya Bluemoon near Monginis Cake Factory, New Link Road, Andherl (W), Mumbai-400 053. Unaudited Financial Result for the quarter and half year ended 30.09.2017

BSE CODE: 501314 (Rs. in lakhs)

Sr. No. Particulars

Quarter ended Half year ended Year ended 30.09.2017 30.06.2017 30.09.2016 30.09,2017 30.09.2016 31.03.2017 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Revenue from Operations 80.94 352.67 521.33 433.61 622.46 1,96442

2 Other income - - . 108 Total Revenue (1+2) 80.94 352.67 521.33 433.61 622.46 1,965.49

3 Expenses

(a) Cost of materials consumed - . (b) Purchase of Stock in Trade

415.61 531.02 415.61 531.02 1,928.89 (c) Changes in inventories of Finished goods, Work-in-progress &Stock in Trade

. . . .

(d) Finance cost - - - - 1.56

(e) Employee benefit Expenses 2.26 2.37 3.68 4.63 8.37 13.97 (f) Depreciation & amortisation Expenses 0.02 0.02 0.02 0.04 0.04 0.08 (g) Other Expenditure 6.47 27.87 3.93 34.34 10.43 17.84

Total Expenses (a to g) 8.75 445.87 538.65 454.62 549.87 1,962.34 4 Profit/(Loss) before tax and exceptional Items 72.19 (93.20) (17.31) (21.01) 72.59 3.15 5 Exceptional items - - - • . 6 Profit/(Loss) from ordinary activlUes before tax 72.19 (93.20) (17.31) (21.01) 72.59 3.15 7 Tax expenses

(a) Current tax - - - - - 0.44 (6) Deferred tax - - - -

8 Net Profit/(Loss) for the period 72.19 (93.20) (17.31) (21.01) 72.59 2.71 9 Other comprehensive income/(loss) - - - -

(a) Fair value changes of the equity instruments through OCI 8.82 4.26 (13.15) 13.07 5.85 (5.56)

loss

(b) Income tax relating to Items that will not be re-classified to profit or . .

(c) Items that will be re-classified Profit or loss -

(d) Income tax relating to items that will be re-classified to profit or loss - -

10 Total comprehensive income/(loss) 81.00 (88.94) (30.46) (7.94) 78.44 (2.85) 11 Paid-up equity share capital, FV Rs.10/- 2,839.00 2,839.00 2,839.00 2,839.00 2,839.00 2,839.00

12(1) Earning per share (EPS) before extraordinary items - (Not annualised)

(a) Basic 0.29 (0.31) (0.06) (0.03) 0.25 0.01 (b) Diluted 0.29 (0.31) (0.06) (0.03) 0.25 0.01

12(2) Earning per share (EPS) after extraordinary Items - (Not annualised

(a) Basic 0.29 (0.31) (0.06) (0.03) 0.25 0.01 (b) Diluted 1 0.29 (0.31) (0.06) (0.03) 0.25 0.01

Note: -

(1) The above statement has been reviewed by the Audit Committee and approved by the Board of Directors at their adjourned meeting held on December 12, 2017. (2) The Statutory Auditors of the company have carried out a limited review of the result for the quarter and half year ended September 30, 2017. The results and other financial information have been subjected to limited review/audit However, the management has exercised necessary due diligence to ensure that the standalone financial results provide true and fair view of its affairs.

(3) Results for the quarter and half year ended September 30, 2017 are in compliance with Indian Accounting Standards (Ind AS) in terms of SEBI's circular bearing no CIR/CFD/FAC/62/2015 dated July 5,2016. The results for the quarter ended September 30,2016 have been restated to comply with Ind AS and are comparable on like to like basis. (4) The Company has adopted IND AS with effect from 1 April 2017 with comparative being restated. Accordingly, the impact of transition has been provided in the opening reserves as at 1 april, 2016. The figures for the previous periods/year are re-classified/re-arranged/re-grouped, wherever necessary, to confirm current period classification.

(5) Consequent to transaction from previous GAAP to IND AS, the Reconciliation of Net profit as previously reported on account of transition from the previous Indian Generally Accepted Accounting Principles( Indian GAAP) to Ind AS for the quarter and half year ended September 30, 2016:

Particulars Quarter ended 30 Sep 2016

Half year ended 30 Sep 2016

Year ended 31 Mar 2017

Net Profit as per GAAP (17.42) 71.82 1.85

Other Comprehancive Income(Fair value gain/loss on Investment) (13.15) 585 (5.56) Other Adjustment

0.11 0.77 0.85 Total Comprehancive income for the Period

(30.46) 78.44 (2.85)

(6) Certain financial instrument/investments have been recorded at fair values as at 1st April 2016 with the resultant gain/loss in the opening reserves. For subsequent measurement, these instruments have been valued at amortized cost using effective interest rate/ fair value through profit and loss (FVTPL) / fair value through other comprehensive Income (FVTOCI) as per accounting policy determined by the company.

(7) The Company operates in Two Business Segment i.e. Commodity trading business and Finance business activities. Business segment has been Identified as separable primary segment taking into account the organizational and internal reporting structure as well as evaluation of risk and return of this segment

(8) This Result and Limited Review Report is available on company Website www.gromotrade.com.com as well as BSE website www.bseindia.com f'.... (9) Investor Complaint for the Quarter Ended 30/09/2017. Opening - 0, Received -0, Resolved -0,Closing - 0.

For Gromo Trade & -.7.-+'" 'IF' :). -

Nilesh Sandal Place: Mumbai

Director ...% ... Date: 12/12/2017

DIN: 07691781 A '''' tiejj; - ■

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GROMO TRADE & CONSULTANCY LIMITED (Formerly known as Kamalakshi Finance Corporation Limited)

Address: 705, Morya Bluemoon near Monginis Cake Factory, New Link Road, Andheri (W), Mumbai- 400 053.

Statement of Assests and Liabilities as at 30th Septermber, 2017

Sr. No.

Particulars As at 30th September, 2017

As at 31st March, 2017

1 ASSETS

Non-current assets

(a) Property, plant and equipment 0.15 0.19 (b) Financial asset

(i) Loans and advances 0.50 0.50 (c) Deffered tax assets (net) 18.78 18.78 Total non-current assets 19.43 19.47

2 Current assets

(a) Financial assets (i) Investments 22.800 9.730 (ii) Cash and cash equivalents 4.00 3.30 (iii)Bank Balances 11.64 63.53 (iv)Loans & advances 3,993.27 3,955.61

(b) Other current assets 0.06 Total current assets 4,031.71 4,032.23

TOTAL ASSETS 4,051.13 4,051.70 II. EQUITY AND LIABILITIES

1 Equity

(a) Share Capital 2,839.00 2,839.00 (b) Other equity (Reserve & Surplus) 1,101.25 1,110.04 Equity attributable to shareholders of the Co. 3,940.25 3,949.04 Less: Non -controlling interests 0.00 0.00 Total Equity 3,940.25 3,949.04

2 Liabilities

Current liabilities

(a) Financial Liabilities (i) Short-term borrowings 107.91 101.41 (ii)Trade Paybles 3.02 0.66

(b) Other Current Liabilities (net) 0.00 0.16 (c) Provisions 0.00 0.44 (d) Current Tax Liability (net) -0.04 0.00 Total current liabilities 110.89 10,2.66

TOTAL EQUITY AND LIABILITIES 4,051.14 4,051.70