*Ula*gt,lr,,g

Head Office : 812, Tulsiani Chambers,212, Nariman Point, Mumbai - 400 021.rea. : 91-224920 4089 I 2282 4089Fax:91-22-4920 4081 I 2284 1281Email : info@mangalamorganics.comWeb : www.mangalamorganics.comctN, 12411oMH1981P1C024742

Factory : Village Kumbhivali,Savroli-Kharpada Road,Khalaput4ll 202,Dist. Raigad (l\,4aharashtra)Tel.02192 - 276140E-mail : info@mangalamorganics.com

02.o2.2018

To,The Department of Corporate affairsThe Stock Exchange MumbaiDept of Corporate ServicesPhiroze Jeejeebhoy TowersDalal Street, Mumbai - 400 001

Sub: Outcome of Board Meetinq held on 02.02.2018

Dear Sir,

This is further our letter dated 19th January, 2018 intimating the date of the Boardmeeting for consideration of the Audited financial result for the nine month ended31stDecember,2017.

Pursuant to the Securities and Exchange Board of lndia (Listing Obligations andDisclosure Requirements) Regulations, 2015 (Listing Regulations), we would like toinform you that the Board of Directors in their Board Meeting held on today have :

1. Approved and taken on record the Audited Financial Result for the nine monthsended 31"t December, 201 7

2. \Ne are attaching herewith the copy of the approved Audited financial Resultalong with the limited review report for your record.

3. We are also arranging for publishing this Audited Financial Result in newspapersas per the Listing Regulations.

The meeting of the Board of Directors convened at 3.00 pm and concluded at 3.20pm.

Kindly take the same on record.

Thanking you.

Yours faithfully,

For Mangalam Organics Limited

\ t.-c "t'LKamalkumar Dujodwala

Executive Chairman

[ulJtlt

An ISO 9001/14001/oHsAs 18001

Certified Company(6tq 6\ rv

C?angala<T)^ camphor

cow

NGST & AssociatesChartered Accountants

Auditor's Report on Quarterly Financial Results and Year to date Financial Results of MangalamOrganics Limited pursuant to the Regulation 33 of the SEBI (Listing Obligation and DisclosureRequirements) Regulations, 2015.

We have audited the statements of financial results ('the statement') of Mangalam Organics Limited forthe quarter and period ended 31st December 2017, attached herewith, being submitted by theCompany pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and DisclosureRequirements) Regulations, 201 5.

Attention is drawn to the fact that the figures for the corresponding quarter and period ended 31"tDecember 2016 including the reconciliation of net profit for the quarter and period under lnd-As of thecorresponding quarter and period with net profit for the quarter and period reported under previousGAAP, as reported in these financial results have been approved by the Company's Board of Directorsbut have not been subjected to review.

These quarterly financial results as well as the year to date financial results have been prepared fromthe interim financial results, which are the Responsibility of the Company's Management.

Our responsibility is to express an opinion on these financial results based on our audit of suchcondensed interim financial statements, which have been prepared in accordance with the recognitionand measurement principles laid down in lndian Accounting Standard for lnterim Financial Reporting('lnd AS 34') prescribed, under Section 133 of the Companies Act, 2013 read with relevant Rulesissued thereunder; as applicable and other accounting principles generally accepted in lndia.

We conducted our audit in accordance with the Standards on Auditing generally accepted in lndia.Those Standards require that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance about whether the financial results are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and thedisclosures in the financial results. An audit also includes evaluating the appropriateness of theaccounting policies used and the reasonableness of the accounting estimates made by theManagement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion on the flnancial results.

1111/11th Floor, Ghanshyam Enclave, Laljipada Police Chowky, Link Road, Kandivali (West), Mumbai - 4OO 067.Contact No. : 022-6560 4535 I E-mail : contact@ngstca.com / Website : www.ngstca.com

Opinion

ln our opinion and to the best of our information and according to the explanations given to us, thesequarterly financial results as well as year to date financial results:

(i) are presented in accordance with the requirement of Regulation 33 of the SEBI (Listing andDisclosure Requirement) Regulations, 201 5, and SEBI circular dated 5th July 20'16 in this regard;and

(ii) give a true and fair view of the net profit (financial performance including other comprehensiveincome) and other financial information for the quarter and period ended 31"t December 2017.

For NGST & AssociatesChartered AccountantsRegistration No. 135159W

PartnerMembership No. 122296

Place: MumbaiDate: 2nd February 2018

$'.('^yBhupeftl-ra Gandhi

1 1 1 1/1 1 th Floor, Ghanshyam Enclave, Laljipada Police Chowky, Link Road, Kandivali (West), Mumbai - 4OO 067 .

Contact No. : 022-6560 4535 / E-mail : contact@ngstca.com / Website : www.ngstca.com

: Manqalam*" Organi& Limited

Head Office : 812, Tulsiani Chambers,2'12. Nariman Point, Mumbai - 400 021.Ie . : 91 22-4920 4089 I 2282 40BgFax :91-22-492A 4AA1 I 2284 1281En'ra i : inio@mangalamorgan cs.pomWeb : www.rnanga arnoTganics.comc N - 124110L1H1981PrC024742

Factory :Vllage Kumbhiva ,

Savrol Kharpada Road,Khalapur-410 202,Dist. Ra gad (Maharashtra)rel 02192 276144E mai : info@manqalamorqan cs.com

NUOITEO TIruAUCIAL RESULTS FORTHE QUARTER AND NINE MONTHS ENDED ON 31ST DECEMBER, 2017

Sr.No.

Quarter ended on Nine Months ended on

31.12.2017 30.09.20'17 31.12.2016 31.12.2017 31.12.2016 31.03.2017

1

2

45

6

7

I

lncome

lal Revenue from operations

lblOther lncome

Total lncome lla+lbl

Expenses

[a] Cost of material consumed

[b] Purchase of stock-in-trade

[c] Change of inventories of finished goods,

work in process and stock-in{rade

lel Excise duty

[f] Employee benefit expenses

[g] Finance cost

Ii] Depreciation and amortisation expenses

ljl Other expenses

Iotal Expenses (a)+(b)+( c)+(d)+(e)+(f)+(s)+(h)+(D+0)

Profit /(Loss) before exceptional ltems ,/

and tax (1-2)

Exceptional items

Profit / (loss) before tax (3-4)

Tax expensesCurrent TaxDeffered tax (lncome) / Expenses

Other Comprehensive lncome ( Net of Tax)

Total Comprehensive lncome for the period ( Net ofTax) (5-6+7)

7,836.15 7,114.95

27 .81

4,421.32

30.30

18,781.35

75.91

14,716.09

50.08

19,669.70

67 .71

7,861.88 7,142.76 4,45'.1.62 18,857.26 14,766.17 '19,737.41

4,446.90

1,268.58

349.24

40.38

174.O1

1.006.52

4,038.88

61.58

1,335.95

273.46

81 .'18

93.83

745.78

2,398.38

103.63

323.88

409.22

242.47

80.78

131 .99

596.53

12,370.28

167.10

340.92

881.04

225.90

367.65

2.455.68

8,501.96

208.72

'I,559.47

1,517.00

638.'16

362.85

403.78

1.182.08

10,682.66

194.37

1,494.85

2,019.11

881.02

446.34

529.69

3.192.69

7,358.90 6,630.66 4,286.88 17,586.02 14,374.02 19,440.73

502.98 512.10 164.74 1,271.24 392.15 296.68

502.98

440.00(318.72\

(0.78)

512.',tO 164.74 1,271.24

440.00(318.72)

(0.78)

392.15 296.68

90.00(276.6e)

(6.14)

380.92 512.'10 't64.74 1 ,149.18 392.15 477.23

10

Paid-up equity share capital

lFace Value of each share Rs.'10/-]

Earnings Per Share in Rs. (nominal value of share

of Rs. '10/- each) Basic & Diluted - Not annualised

905.27

4.21

905.27

5.66

so5.27

't.82

905.27

12.69

905.27

4.33

905.27

5.27

[Et3ltt

tso 9001 (2015)-14001(2015)-18001 (2017)-".64s#

1l The above Audited Financial Resutts were reviewed by the Audit Committee and thereafter were approved by the Board of

Directors of the Company at its meeting held on 2nd February, 2018. The statutory auditors have carried out the audit of the

above financial results.

post applicability of Goods and Service Tax (GST) w.e.f. 1st July 2017, revenue from operations are disclosed net of GST.

nccordingty ttreievenue from operations and excise duty expenses for the quarter and Nine months ended on 31st Dec-2017

are not comparable with previous periods presented in the results.

The Company has adopted lndian Accounting Standards (lnd-AS), prescribed under Section 133 of the Companies Act, 2013 read

with the relevant rules issued thereunder with effect from 1st Aril, 2017 and accordingly these financial results have been prepared

in accordance with lnd-AS notified under the Companies (lndian Accounting Standards) ( Amendment) Rules, 2016. The financial

results, presented in accordance with lnd AS-101 "First time Adoption of lndian Accounting Standards" have been prepared in

accordance with the recognition & measurement principles as prescribed in lnd AS-34 "lnterim Financial Reporting".

The lnd-AS compliant financial results pertaining to quarter and period ended on 31st December, 2016 has not been subjected to

Limited Review in ljne with SEBI circular No .ClRtCFOlFACl62l2O l6 dated sth July, 2016. However the Management has exercised

necessary due diligence to ensure that the financial results provide a true and fair view of its affairs.

During the quarter, we have not received any investor's complaints and there were no investors complaints pending for redressal

at the end of the quarter.

The segmenlwise reporting as defined in lnd-AS-108 is not applicable since the Company has only one reportable segment

'Chemicals'.

Reconciliation of net profit as previously reported on account of transition from the previous lndian GAAP (IGMP) to lnd-AS for the

quarter and period ended 31st December, 2016.

9l corresponding figures of the previous period have been re-grouped / re-arranged wherever necessary to make them comparable.

For Mangalam Organics

7lz,J-Pannkai DujodwalaPlace :

Dale :

Mumbai2nd Director20'l

Net profit for the period under erstwhile lndian

Finance income recoqnised based on the effective

,9,-dR!4{r,)N

i:1,'1.,1rrsa' j'-{

l:-, . ",.1'

Mangalam Organics Limit€dBalancs Sheet as at 3lst December 2017

As per our report of even date attached

For and on behalf of Board of Director

tI C or,'\

Kamalkumar DujodlvalaChairman

?-.^o"'"Pannkaj DujodwalaManaging Director

Amounts in INR

(a) Property, Plant and Equipment(b) Capital work-in-progress(c) lnvestment Property

(ii) Trade receivables(iii) Cash and cash equivalents(iv) Bank balances & other than (iii) above

c) Other current assets

(i) Boffowings(ii) Trade payables(iii) Other financial liability

305,346,128't,250,596

25,00032,028,22943,917,369

260,849,845

262,359,1016,435,139

158,456,1941A5,224,7',19

322,27 1 ,4't5796,371

25,00052,761,3213s,205,169

375,381,514

172,411,70110,830,s561,083,745

282,899,786

9,749,20810,542,863

109,754,45310,542,86357.382.'164

337,840,844190,318,875

67,616,47030,552,757

380,'l'19,677123,981,39712,798,70882,88'1,5297,320,U7