RISHIROOPRishiroop Ltd.

[Formerly Puneet Resins LtdJB4. Atlanta. Nariman Point

Mumbai 400 021 , IndiaTel: +9'i -22-4095 200CIFax: +91 -22-2287 2796

CiN: L25200MHI 984PLC034C93www.rishiroop .inRL/MUM/AF/40 /201 9-20 November 14, 2019

To,

Department of Corporate Services,BSE Li mated1 4th Floor, P.J.Towers,Dalai Street,Mumbai 400 001 .

Ref. : BSE Scrio Code No. 526492

Sub: Outcome of Board Meeting

Dear Sir,

Pursuant to Reg. 30, 33 and other applicable regulations of the Securities and Exchange Boardof India(LODR) Regulations, 2015, we are forwarding herewith the unaudited financial resultsof the Company for the quarter and half-year ended September 30, 2019, which have beenconsidered, approved and taken on record by the Board of Directors of the Company, at theirmeeting held today i.e. November 14, 2019. (Meeting commenced at 12.00 pm and concludedatd , b5 pm).

Copy of the Limited Review Report issued by the Statutory Auditors for quarter endedSeptember 30, 2019 is also attached.

Kindly take the above on record

Thanking you,

Yours Sincerely,

For Rishiroop Limited

Company Secretary

End: As above

Registered Office: W-75[A] & W-76[A}. MING ]ndusU'ia] Estate, Satpuc Nasik 422 007. India

RISHIROC]P[Formerly Puneet Resins Ltd]84, Atlanta. Nariman Point

Mumbai 4Q0 02'1 , IndiaTe[: +91 -22-41]95 20[]0Fax: +9'1 -22-2287 2796

CIN: L252CIOMH1984PLC034093

Rishiroop Ltd.

RISHTR00P LIMITED( Fol'mel'ly known as PUNEET RESINS LTD )

CIN: L2S200MH1984PLC034093Regd.Once :- W-75(A) & W-76(A),MIDC Industrial .Estate, Satpu.r, Nasik- 422 007.

Email: Investor@rishiroop.com Website: www.rishirwp.inTe1.:+9 1 -22-40952000, +9 1 -0253-2350042 Fax : +9 1 -22-22872796

PART I tembei', 2019www .rishiroop .in

ls-..No.

P:at'tictila} s Qual'tei' endedUnaudite(I30-Jun-]9

Six IWontlls endedUnaudited. I D;iiiuiii;igg$!p:!9 .1 !o $Qp:is

Year en dellAudited

31-Mai,...19

? in Lace

ljlncoilie ii;ih ;li;;;iiiiR'n) Revenue fiona operationsb) Other iilconle]:Qta! ip£9pie fi'onl opel'aliens

2lExt)easesa) Cost of materials consumedb) Purcllase of stack-in-tradec) Ctianges in irwetltoties of $nistled goods, work-in-progress

& stock-lil-trade

d) Employee benefits expensee) .Fiitance Costf) Depreciation

Ottler ExpensesTotal Expenses

3 IFronf $roiTt operations before ether 8iieptional items ( 1 - 2 j

997.3S0.7 ]

998.06

1,1 52.66S3.7S

!.Z96.4!

1,574.8026.89

1,601.

2,1 50.0]54.46

?.ZQ4:47.

3,2 1 7. ] 945.58

3,262.77

6,0.64. ]9234.29

6,299.18

265.57622.95

(72.59) 1

367.065] 9.SO

34. 1 8

.4 88. 1 2

(33. 16)

632.63

] ,142.45(38,4 1) :

953..59

] ,22 1 .93307.07

1 ,935 .262,445.28

376.43

89.416.43

13.64

!06.501,031.91

(33-85)i

96.968.3 1

13.468] .03

1,120.5085.9 t

79.42S.44

]2.36141 . 79

1,491.74109.9S

} 86.3714.7427. } 0

1 87.53,152.41

52.06

16S.9013.0524.71

238.82

.92S.07337.70

3] 5.9525.874S.08

304.44}48.31

850.874jExceptional items5lProfit before Tax ( 3 - 4 )6ITax Expeitses

Cul rent TaxDeferred.TaxPrior period Tax Adytlstments

7jNct Pt'oat fol tile Qumtci' & Six Months ended81 Other colltprehensive }ncoine/expense ( Net of Tax )9ITotat conlpretlensive lilcome Hor the Quarter & Six Months ended ( 7 + 8 )

1 0jPaid u])-equiv share capital(Face Value of r [ 0 Each)

I I IReserve excluding. devaluation reserve as perbalance stint of previous accounting year

12jEarnings Per Snare (EPS)Basic EPSDiluted EPS

(33.8s)I 85.91 109.95 52.06 337.70 850.87

4.001 1.30

(28.02)(2i.ls} i

S.67

{15.46) i

970.13

24.00

(12. 78) .

47.00(t 1 .69)

28.00(1 .48) ;

(28. 02) i

S3.566.44

60.00970,13

125.00

(9S.79)202.00

(81 . 26)

74.690.77

75.46

970.T3

74.64(1 .07)73,57

970.]3

308.49

(4. 94) 1303.55970.13

73D.13(3.00)

727.]3970.13

'(0.22) i(0.2Z]

5,69]3.4

7.537.13

0.S50.55

3. 18

3.1 8

I lyne above financial results \A,ere reviewed by the Audit Committee of the Board and approved by the Board of Directors of the Company. at their respective meetings held on. 14th November,

2The statutoy 81iditors of the Colupany nave carried out tile limited review of these finmcial results as required under .Regulation 33 of the Securities and Exchange Board of India (Listinguuilgalions ana ulsdosure Kequirements} Regulations, 201 5, as amended. The comparative figures in the Statement of cash flows lor the slx months ended 30th September 2018 ha\'e beenprepared by tile Mmagentent and have not been suUected to limited review or audit. However, tile Mmagement h© exercised necessary due diligence in prepay llg the Statement of cash

3

m;!l:.: .:::lt='Um l::H: '::l: ml Hi::: ::::: ::.:: e::==:!. E=:..f'::1:::!=;.':==:'=:: ::: ='=:. =.;:7:::£i :"=;i=£:4 I'ne Cainpany elected to exercise the non-revisable option permitted under section : 1 5 BAA of the income tax Act, 196] as introduced by the Taxation Law (Amendment) Ordinance,2019.

Accordingly, the Company has recognised provision lor Current Income tax ior six months ended 30th September, 2019 based on tile estimated annual elective tax rate md re-measured itsy

fred Jax Liabilities(net) basis the rate prescribed by the said section. The gull impact of tills change has been recognised iil the Statement of Profit & Loss Eur the quarter & six monended30tfl Septetnber, 20t9 ' ' '" '' "'' -'

5 ITile company is engaged iri one business segment i.e. Polymers & Compound md it is primacy segment.

6 jrigures of the previous year / period / quarter are regrouped / rarrulged / reclassified wherever Qecessaty.

z.-q

+:Place:- MumbaiDate :- 14th Noventber.2019

Registered CJffice: W-75[A) & W-76tA], MISC ]ndustria] Estate. Satpuc Nasik 422 []07, india

RISHIRC)OPRishiroop Ltd.

[Formerly Puneet Resins Ltd}84. Atlanta, Nariman Point

RisniRoop UMnED Mumbai 400 021 . India( Formed'ly linown as PUNEET RESINS LTD ) Tell +91 -22-4095 2000

C[N: L25200Mn]984PLC034093 FaX: +91-22-2287 2796Regd.OH'ice :- \Xr.75(A) & W-76(A),MIDC Industrial Estate, Satpur, Nasil€- 422 00'EIN: L2520[JMHI 984PLC034093

Email: Investor@rishiroop com Website: uww.rishiroop.in WWW rishii'oop .inTe],:-F91-22-40952000, +9 ] -0253-2350042 Fax : +9 1 -22-22872796

Statement of Assets and Liabilities for the Six Months ended 30th September ', 2019

SN IParticulars As af:

30-Sep-19Unaudited

? in Lags

As at31-Mar-19Audited

ASSETS1. Non Cui'i'ent Assets

Property, Plant and Equipment

Intangible assets under developttlentFillancial Assets

Investmeitts

Loans and advancesd) Other Nail Current Assets

209.97

32.32170.4632.32

2,842.4816.95

594. 1 8

3,202.2118.97

594. 1 8

Sub I'opal2, Current Assetsa) Inventoriesb) Filaancial Assets

InvestmentsTrade ReceivablesCash auld Cash Equi\ alertsBank Balance other than Cash and Cash EquivalentsOther Financial Assets

c) Otller Current AssetsSub TotalTotal

3,695.90 4,018.14

1 ,0 19.36 1,237.58

979.67634.48379 . 17

37.3925.94

383.65

783.89862.55250.99

38.1112.0')

353.623,538.74

7,556.887,155.56

EQUITY AXD LIABILITIESEquitya) Equity Sllare Capitalb) O(leer Equip '

Sub Total

970. ] 35,6]0 .9 1

6,581.04

970.1 35,691 ,34.

6,66].47

Liabi.titles] . Non-Current Liabilitiesa) Financial Liabilities

Other Fiilancia] Liabi:itiesb) Deferred Tax Liabilib 'c) Provision)sSub Total2. Current Liabilities

a) Fillancial LiabilitiesTrade PayablesOtiler Fiilanciai Liabilities

b) Other Current Liabilitiesc) ProvisionsSub TotalTotal

8.842] .4 030.24

8.4019.45

27.85

416.20IQI.25

8.0818.75

544.28

7,1 55.56

781.8645.6.t

19.5 ;20.55

867.56

7,556.88

h,«-«<

Registered Office: W-75[A) & W-76[A]. MING ]ndustria] Estate. Satpuc Nasik 422 0[]7, ]ndia

RISHIRC)OPRishiroop Ltd.

[Formerly Puneet Resins Ltd]84. Atlanta. Nariman Point

Mumbai 400 021 . India7e[: +91 -22-4C]95 2[]00Fax: +91 -22-228:7 2796

CIN: L25200MHI 984PLC034093www .rishiroop .in

RISHIROOP LIMITEDCIN: 1.25200MH1984PLC034093

Read.Office :- W-75(A) & W-76(A),MTDC Industrial Estate, Satpur, Nasik- 422 007.

Email: Investor@risjliroop.coin Website: www.risjairoop.inTe1.:+9 1-22-40952000, -P91 -0253-2350042 Fax : ]-9 1 -22-22872796

Statement of Cash flow for the Six Month ended as on 30th September, 2019? in Lags

ParticularsAs at

3QJSep;!9:fynaudited)

:A$ at30-Sep-18

(Urdu d:iteil)IR+fpr nate ?)I

Cash Flow From Operating Activ t es '.Net Profit before taxesAdjusted forDepreciationNotional RentNotional Interest.Fair Value Adjustments on account of InvestmentDividend ReceivedInto rest ReceivedShort Term Gain on sale of InvestmentsLong Term Loss on sale of InvestmentsInterest paid on Lease Liability IND AS 116

Unrealized Foreign Exchange (Gain) / Loss

52.06 337.70

2710

039

(5(22

32

0

3587

10

38)3833

03)

86)142

2945

5157

24.71l0.3210.32

86,27[9.65)

IS.04)(2.82)

14.68

89.09426.79Operating profit before working capital changes ja}

Adjusted forjlncreasel/ Decrease in Inventories.{lncrease) / Decrease in ReceivablesIncrease/(Decrease) in Trade payables, Current &

Non Current liabilities & Provisions

218.22219.70

446.70(248.22}

lb)

jamb)

362.52)75.40

(241.84)(43.36)

Cash generated from operationLess :- Taxes paid ( Net)Net Cash from Operating Activities ( A )

162.9831.12

131.86

383.43105.74277.69

Cash Flow From Investing Activities :Disposal of Fixed AssetsPurchase of Fixed AssetsInvestment in Margin Money for LCInge rest receivedDividend receivedPurchase of InvestmentsSale of Investments

Net cash bused in) / from Investing Activities ( B )

0.07

(1.58}9.165.03

IS84.0i)I588.42

13.6.4

t3.3s)22.387.48

9.65(1,149.33)

770.95(342.22}

Cash Flow From Financing Activities :Payment of Lease LiabilityDividend including dividend Tax paidNet cash bused in) / from Financing Activities { C )

(11.97)(140.35)(152.32)

(140.35)(140.35)

Net Increase / (Decreased in Cash And Cash Equivalents { A + B + C } t6.82)

385.99379.17

6.82)j

{204.88)

Cash & Cash Equivalents as at the beginning of the yearCash & Cash Equivalents as at the end of the period

299.6794.79

[204.88)1

Registered Office: W-75[A] & W-76[A] . MING ]ndustria] Estate, Satpur\ Nasik 422 0i t

JAYESH DADIA & ASSOCIATES LLPCH.ARTERED ACCOUNTANTS

422, Artur Cl-tambers, Tardeo, Mumbai- 400034. Tel.: +91-22-66602417. / 66601056 Fax : +91-22-66602418E-mail: info@jdaca.coin Website : www.jdaca.com

Limit:ed Review Report on the Q.uarterly & Year to date Unaudited Standalone FinancialResults of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015, as amended

Review Report ToThe Board of Directors ofM/s. Rishiroop Limited,Mumb ai -

In&oduction

We leave reviewed the accompanying statement of standalone unaudited financial results ofM/s. Rishiroop Limited ('the Company ') for the quarter and six month period ended 30tK

September, 2019 (the "Statement") attached herewith. being submitted by the Companypursuant to the requirements of Regulation 33 of the SEMI (Listilng Obligations & DisclosureRequirements) Regulations 2015, as amended (the "Listing Regulations").

'].'his Statement, which is the responsibility of the Company's Management and has beenapproved by the Board of Directors, has been prepared in accordance with the recognition &measurement principles laid down in the Indian Accounting Standard 34 "Interim FinancialReporting" ("lnd As 34"), prescribed under section 133 of tile Companies Act, 2013 read withthe relevant rules issued thereunder and other accounting principles generally accepted irtIndia & in compliance with Regulation 33 of the Listing Regulations. Our responsibility is toissue a deport on the Statement based on our review.

Scope of review

We conducted our review of the Statement in accordance with the Standard on Ret'iewEngagements(SRE) 2410, "Review of Interim Financial Information Performed by heIndependent Auditor of tile Entity" issued by the Institute of Chartered Accountants of India.

ndard requires that we plan and perform the review to obtain moderate assurance as towhether tue financial statements are free of material misstatement. A review is limited primarilyto inquiries of company personnel and analytical procedures applied to financial data and thusprovides less assurance than an audit. We have not performed an audit and accordingly, we donot express an audit opinion.

Conclusion

Based on our review conducted as stated above, nothing has come to our attenljon thatcauses us to believe that the accompanying statement of unaudited financial results preparedin accordance with applicable accounting standards i.e. Indian Accounting Standards ("IND-

AS") plesclibed under Section 133 of he Companies Act, 2013 ("the Act") read with relevantrules issued there under and other recognized accounting practices and policies has notdisclosed the h-tformation required to be disclosed in terms of Regulation 33 of the DEBI(Listing ObligaUons and Disclosure Requirements) Regulations 2015, as amended. includingthe manner in which it is to be disclosed, or that it contains any material misstatement.

Other matters

Attention is drawn to Note No. 2 to the Statement stating that Statement of Cash Flows for thecorrespondhlg six months ended 30ti ' September, 2018, as -reported, have been prepared by themanagement and have not been subjected to limited review.

For Jayesh Dadia & Associates LLPChartered AccountantsFirm Registration No. 121142W/ W100122

DadiaPartnerMembership No. 143181Mumbai, dated: 14th November. 2019UDIN: 19.L4318.1.AAAAGE8310