To, Corporate · 2016-11-08 · OJAS ASSET RECONSTRUCTION CO. LTD. 9. The Board of Directors...

WAS ASSET RECONSTRUCTION CO. LTD. Regd. Off. : B-502, Statesman House, 148 Barakhamba Road, New Delhi -110001..

Off. : G-29, Sej Plaza, Near Nutan School, Marve Road, Malad (West), Mumbai — 400064.

Tel. No.: 022-60602489 CIN: L74899DL1985PLC019933

Mail Id: pjasassetitdegmail.com Website: www.ojasltd.com

Date: 11/08/2016

To, Corporate Services Bombay Stock Exchange Ltd.

Corporate Relationship Dept,

1st Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalai Street, Fort, Mumbai-400 001

BSE Scrip Code: 538607 Sub: Outcome of Board Meeting.

Dear Sir,

This is to inform that the meeting of the Board of Directors of the Company was held on Thursday, 11th August, 2016 at G-29, Sej Plaza, Near Nutan School, Marve Road, Malad (West), Mumbai —

400064 at 03.30 P.M. and concluded at 6.30 P.M. The Board discussed and approved the following:

1. The Unaudited Financial Results for the quarter ended 30 th June, 2016 along with Limited Review Report on the same.

2. The Directors Report and Notice for 31 st Annual General Meeting of the Company.

3. Re-appointment of Mr. Tejas Hingu (DIN: 06936684), who retires by rotation and eligible for re-

appointment.

4. Ratification of appointment of M/s. DMKH & Co., Chartered Accountants, as the Statutory

Auditor of the Company for F.Y. 2016-17 and to fix the remuneration, subject to members

approval at ensuring Annual General Meeting.

5. The Board has regularized the appointment of Ms. Dimple Jayanti Rathod (DIN: 07278060), as

Director of the Company subject to approval of members at 31 st Annual General Meeting.

6. Regularized the appointment of Mr. Manan Prafulchandra Shah (DIN: 07491896), as an

Independent Director of the Company for the period of five consecutive years w.e.f 28 th March,

2016 subject to approval of members at 31 5' Annual General Meeting.

7. Shifted registered office of the Company from NCT of Delhi to the State of Maharashtra i.e. from

B-502, Statesman House 148, Barakhamba Road, New Delhi-110001 to G-29, Sej Plaza, Near

Nutan School, Marve Road, Malad (West), Mumbai-400064; vide order of Central Government

dated 27 day of July, 2016.

8. Changed the Registrar and Transfer Agent of the company from M/s. Skyline Financial Services

Pvt. Ltd. to M/s. Purva Sharegistry (India) Pvt. Ltd., for administrative convenience.

OJAS ASSET RECONSTRUCTION CO. LTD.

9. The Board of Directors decided to close the Register of Members and Transfer Books from

26/09/2016 to 29/09/2016 (Both Days inclusive) for the purpose of AGM.

10. The Board has fixed the 31st Annual General Meeting of the Company to be held on 30 th

September, 2016 at G-29, Sej Plaza, Near Nutan School, Marve Road, Malad (West), Mumbai —

400064 at 10:00 A.M. and approved the calendar of events.

11. Appointment of CA. Manish Kankani (M. No. 158020) as the scrutinizer for conducting E-Voting

and poll process at 31st Annual General Meeting of the Company.

12. Reviewed and Noted on Compliance on Listing Obligation & Disclosure Requirements Regulation

2015 for the quarter ended 30.06.2016.

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

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

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

15. Authorised Mr. Tejas Hingu & Ms. Dimple Rathod, Directors of the Company to act as authorised

representatives of the Company to attend and vote at general meeting of other Companies.

16. Resignation of Mr. Shobhanbabu Mandulla from the post of Company Secretary and Compliance

Officer of the Company with immediate effect.

Kindly take into your record

Thanking You

Yours Faithfully,

For Ojas Asset Rec nstruction Company Limited

ci siRUCT./

cl

Dimple Rathod Rathod Lii MUM F- "V

A W

(Director) 0 --s-

,P6.,

E ncl:

1. Unaudited Financial Result for 30.06.2016

2. Limited Review Certificate

3. Calendar of Events

4. Notice of Book Closure

General information about company

Scrip code 538607

Name of company Ojas Asset Reconstruction Co Ltd

Result Type Main Format

Class of security I 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 11-08-2016

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

exchange

Description of presentation currency I NR

Level of rounding used in financial results I Lakhs

Reporting Quarter First quarter

Nature of report standalone or consolidated Standalone

Whether results are audited or unaudited Unaudited

Segment Reporting Multi segment

Description of single segment

For OAS ASSET RECONSTRUCTION COMPA 1

1 LIMITED

O CA' Director I Authorised Signatory

0 0 0 0 0 0 Other operating revenues

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars 3 months

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)


previous period ended (dd-mm-

YYYY)

Previous accounting year ended

(dd-mm-yyyy)

A 111

C

Date of start of reporting period 01-04-2016 01-01-2016 01-04-2015 01 -04 - 2016 01-04-2015 01 -04 -2015

Date of end of reporting period 30-06-2016 31-03-2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016

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

I Part I

1 I Revenue From Operations

Net sales or Revenue from

Operations 725.235 39.88 94.553 39.88 828.335 94.553

Total Revenue from operations

(net) 94.553 725.235 39.88 94.553 39.88 828.335

2 I Expenses

(a) Cost of materials consumed 0 0 0 0 0 0

(b) Purchases of stock- in-trade 54.617 731.243 0 54.617 0 841.763

(c)

Changes in inventories of

finished goods, work-in-progress

and stock - in-trade

-3.171 4.764 1.71 -3.171 1.71 74.804

Employee benefit expense 2.945 2.511 2.41 2.945 2.41 11.001

(e) Depreciation and

amortisation expense

0.042 0.004 0 0.042 0 0.014

(f) Other Expenses

1 Other Expenses 7.845 5.158 3.33 f 7.845 3.33 14.565

Total other expenses

7.845 5.158 3.33 7.845 3.33 14.565

Total expenses 1 62.278 743.681 7.451 62.278 7.45 942.147

For OJAS ASSET RECONSTRUCTION COMPANITED

k)AC-C

Director I Authorised Signatory

For OJAS ASSET RECONSTRUCTION COMPANY LIMITED

Director 1 Authorised Signatory



ended (dd- mm-YYYY)


(dd-mm- YYYY)

Corresponding 3 months ended in the previous year (dd-mm-yyyy)



YYYY)



YYYY)


(dd-mm-yyyy)

A B

Date of start of reporting period 01-04-2016 01-01-2016 01-04-2015 01-04-2016 01-04-2015 01-04-2015


C Whether results are

audited or unaudited Unaudited Audited Unaudited Unaudited Unaudited Audited

D Nature of report

standalone or consolidated


Part 1

3

Profit (loss) from operations before

other income, finance costs and exceptional items

32.275 -18.445 32.43 32.275 32.43 -113.812

4 Other income 0.016 0.048 0 0.016 0 1.238

5

Profit (loss) from ordinary activates

before finance costs and exceptional

items

32.291 -18.397 32.43 32.291 32.43 -112.574

6 Finance costs 0.001 0.003 0.01 0.001 0.0 I 0.203

7

Profit (loss) from ordinary activities after finance costs

but before exceptional items

32.29 -18.4 32.42 32.29 32.42 -112.777

8 Prior period items before tax 0 0 0 0 0 0

9 Exceptional items 0 0 0 0 0 0

10 Profit (loss) from

ordinary activities before tax

32.29 -18.4 32.42 32.29 32.42 -112.777

11 Tax Expense 0 0.038 10.02 0 10.02 0.038

12 Net profit (loss)

from ordinary activities after tax

32.29 -18.438 22.4 32.29 22.4 -112.815

13 Extraordinary items 0 0 (ii 0 0 0

14

Net Profit Loss for the period from

continuing operations

32.29 -18.438 22.4 32.29 22.4 -112.815

Profit (loss) from

RECONSTRUCTIOti COMP'SY LIMITED for OJAS ASSET


21

18

17

16

discontinuing 15 operations before tax

Tax expense of discontinuing operations

Net profit (loss) from discontinuing operation after tax

Profit (loss) for period before

minority interest

Net Profit (loss) after taxes minority

interest and share of profit (loss) of

associates

0 0 0 0 ( 1 0

0 0 0 () (1 0

0 0 0 0 0 0

32.29 -18.438 22.4 32.29 22.4 -112.815

32.29 -18.438 22.4 32.29 22.4 -112.815

For OJAS ASSET RECONSTRUCTION COMPANYWITED

Director /Authorised Signatory



ended (dd- mm-yyyy)


(dd-mm-

Yr/Y)


mm-MY)


current period p ended (dd-mm-

YYYY)


p period ended (dd-mm-

YYYY)


(dd-mm-yyyy)

:3]

C

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

Date of end of reporting period

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

Whether results are audited or

unaudited Unaudited Audited Unaudited Unaudited Unaudited Audited

D Nature of report

standalone or Standalone Standalone consolidated

Standalone Standalone Standalone Standalone

Part 1

221 Details of equity share capital

Paid-up equity share capital

2124.9 2124.9 2124.9 2124.9 2124.9 2124.9

Face value of equity share capital

I 1 10 I 10 1

23 1 Details of debt securities

24

Reserves excluding revaluation reserve

() 0 0 0 0 -225.518

261 Earnings per share

i

Earnings per share before extraordinary items

Basic earnings per share before extraordinary items

0.015 -0.009 0.01 0.015 0.01 -0.053

Diluted earnings per share before extraordinary items

0.01 5 -0.009 0.01 0.015 0.01 -0.053

ii 1 Earnings per share after extraordinary items

Basic earnings

per share after extraordinary items

0.015 -0.009 0.01 0.015 0.01 -0.053

Diluted earnings per share after extraordinary items

0.015 -0.009 0.01 0.015 0.01 -0.053

Apr OJAS ASSET RECONSTRUCTION COMPA MITE)


30

Disclosure of notes on financial results

Textual In formation( 1 )

rot OAS ASSET RECONSTRUCTION COMPANY

Drew I Authorised Signa.tosy

Text Block

1. The above financial results for the quarter ended 30th June, 2016 have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on Ilth August, 2016 and reviewed 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 -0, Closing - 0.

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

Textual Information( I )

5. The Company operates in two Business Segment i.e. Commodity Trading Buisiness and Finance Business Activities. Business segment has been identified as separable primary segment in accordance with Accounting Standard 17 'Segment Reporting' as prescribed under Companies (Accounting Standards) Rules, 2006, taking into Account the organisational and internal reporting structure as well as evaluation of risk and return of this segments.

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

7. In this Unaudited Results, EPS for June, 2015 quarter has been adjusted taking into consideration of Stock Split.

For OAS ASSET RECONSTRUCTION COMPANY Lu1ITED


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results


ended (dd- mm-yyyy)

Previous 3 months ended (dd-mm-yyyy)


mm-YYYY)



YYYY)



YYYY)

Previous accounting

year ended (dd- mm- YYYY)

Date of start of reporting period

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


Whether accounts are audited or unaudited

Unaudited Audited Unaudited Unaudited Unaudited Audited

Nature of report standalone or consolidated


11 Segment Revenue (Income)

J (net sale/income from each segment should be disclosed)

Commodity Trading Business 0 675.349 0 0 1 0 783.409

21

2.]

Finance Business 1 94.553 1 49.886 I 39.88 1 94.553 I 39.88 I 44.926

Other Income 1 0 0 0 0 1 0 0

Total Segment Revenue

94.553 725.235 39.88 94.553 39.88 828.335

se g m eLn te srse: vienntue er

]

21 _1

21

II

Revenue from Operations 94.553 1 725.235 39.88 94.553 39.88 828.335

Segment Result

Profit (+) / Loss (-) before tax and interest from each segment

Commodity Trading 1 rading Business

-58.703 I] 0 0 0 -61.173

Finance Business I 43.106 I 45.112 1 38.17 1 43.106 1 38.17 1 -29.878

Other Income I 0 I 0 I 0 I 0 I 0 I 0

Total Profit before tax

43.106 -13.591 38.17 43.106 38.17 -91.051

i. Finance cost 0.001 0 0 0.001 0 0

ii. Other Unallocable

Expenditure net off Unallocable

income

10.815 4.809 5.75 10.815 5.75 21.726

Profit before tax 32.29 -18.4 32.42 32.29 32.42 -112.777

For OJAS ASSET RECONSTRUCTQN COMPANY LIME ED


Commodity Trading Business

Finance Business I 1926.672

0

1899.382

-102.12 5 -102.12 0

2104.81 1926.672 2104.81 1899.382

5

J Capital Employed

_1 (Segment Asset - Segment Liabilities)

Other Income 0 0 31.92 0 31.92 0

Total Capital Employed 1931.672 1 899.382 2034.61 1931.672 2034.61 1899.382

Disclosure of notes on segments

For OJAS ASSET RECONSTRUCTION COMPANY LIMITED

Director I Authorised SioN,,t1ry

cmKH & CD. CHARTERED ACCOUNTANTS

The Board of Directors,

Ojas Asset Reconstruction Co. Ltd G-29, Sej Plaza, Near Nutan School, M arve Road, M alad (West), Mumbai -400064

Re: Limited Review of the Financial Result for the quarter ended 30 th June 2016.

We have reviewed the accompanying statement of unaudited financial results of Ojas Asset 30thReconstruction Co. Ltd for the Quarter and period ended June 2016. This statement is the

responsibility of the Company's Management and has been approved by the Board of Director.Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,

flReview of Interim Review Financial information 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

materia l misstatement. A review is limited primarily to inquiries of company personnel and analytical

procedures applied to 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.

Based on our review conducted as above, nothing has come to our attention that causes us to believe

that the accompanying statement of unaudited financial results prepared in accordance with applicable

accounting standards specified under section 133 of companies Act, 2013, Read with Rule 7 of the

companies (Accounts) Rules,2014 and other recognized accounting practices and policies has not

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

Obl igation and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be

disclosed, or that it contains any material misstatement.

For DMKH & Co. Chartered Accountants FRN 116886W

1(~ CA. M anish Kankani Partner M.No.158020 Place: Mumbai Date: 11th August, 2016

aoa.804, Ashok HeIghts, Opp SaraswaU Apt., Near Bhute School, Old N agardas X Road . Gundavali. Andheri (E). Mumbai-400069. Tel : 022-26824800 14900 I email : [email protected] I www.dmkhca.in

Branch orr.: 4 . Akshay A partments. Dam/e Marg. Ramdas Peth, Akola- 444001 .

OJAS ASSET RECONSTRUCTION CO. LTD. Regd. Off. : B-502, Statesman House, 148 Barakhamba Road, New Delhi -110001.

Off : G-29, Sej Plaza, Near Nutan School, Marve Road, Malad (West), Mumbai — 400064.

Tel. No.: 022-60602489 CIN: L74899DL1985PLC019933 Mail Id: [email protected] WebsitP. www.ojasltd.com

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 Wednesday, 10.08.2016

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

to be responsible for the entire poll process. Thursday, 11.08.2016

3. Date of appointment of scrutinizer Thursday, 11.08.2016

4. Benpose Date for Sending Notice to shareholders Friday, 26.08.2016

5 Date of completion of dispatch of E-notice of Meeting in which the

business will be transacted.

On or Before Wednesday, 07.09.2016

6. Newspaper publication for E-Voting and AGM notice dispatch Wednesday, 07.09.2016

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

( 7 days prior to date of AGM/EGM )

Friday, 23.09.2016

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

of the Company.

Start date: 27.09.2016 Start time: 9.00 A.M. End Date: 29.09.2016

End Time:5.00P.M

9. Date and time of Annual General Meeting Friday, 30.09.2016 at

10:00 A.M.

10. Submission of the Report by the Scrutinizer 1 I On or Before Saturday, 01.10.2016

11. Date of declaration of the result by the Chairman On or Before Saturday, 01.10.2016

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

to the Chairman.

Saturday, 01.10.2016

For Ojas Asset Reconstruction Company Limited

Dimple Rathod (Director)

CC To,

The Manager

National Securities Depository Limited

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

th Floors, Kamala

Mills Compound, Lower Parel, Mumbai-

400013

CC To,

Bombay Stock Exchange Ltd

Corporate Relationship Dept, 1 st Floor, New

Trading Ring, Rotunda Building, P. J. Towers,

Dalal Street, Fort, Mumbai — 400 001

CC To, CCToy

Metropolitan Stock Exchange of India Ltd M/s. Skyline Financial Services Private

Vibgyor Towers, 4th floor, Plot No C 62, G - Limited

Block,Opp. Trident Hotel, BandraKurla D-153-A, 1 st Floor, Okhla Industrial Area,

Complex, Bandra (E), Mumbai — 400 098 Phase — I, New Delhi — 110020.

Dimple Rathod

(Director)

OJAS ASSET RECONSTRUCTION CO. LTD. Regd. Off. : 8-502, Statesman House, 148 Barakhamba Road, New Delhi -1100C_

Off. : G-29, Sej Plaza, Near Nutan School, Marve Road, Malad (West), Mumbai — 400064.

Tel. No.: 022-60602489 CIN: L74899DL1985PLC019933

Mail Id: [email protected] Website: www.ojasltd.com

Date: 11/08/2016

To, The Bombay Stock Exchange Ltd

Corporate Relationship Dept,

1 St Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalal 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 31 st Annual General Meeting of the Company as follows:

BSE Scrip Code 538607

ISIN INE457P01020

Type of Security Equity Share

Book Closure Date 26/09/2016 TO 29/09/2016 (Both Days Inclusive)

Purpose 31 st Annual General Meeting

Please acknowledge the receipt.

Thanking You,

Yours Faithfully

For Ojas Asset R construction Company Limited

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) Limited

16 th Floor, P. J. Tower, Dalal

Street, Fort, Mumbai -

400001

CC To,

M/s. Skyline Financial

Services Private Limited

D-153-A, 1 st Floor, Okhla

Industrial Area, Phase- I,

New Delhi — 110020

To, Corporate · 2016-11-08 · OJAS ASSET RECONSTRUCTION CO. LTD. 9. The Board of Directors...

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Transcript of To, Corporate · 2016-11-08 · OJAS ASSET RECONSTRUCTION CO. LTD. 9. The Board of Directors...