~

RAJ CHANDRA & ASSOCIATESChartered Accountants

2, Raja Woodmunt Street3rd Floor, Room No. 3

Kolkata - 700 001Phone: 0334061 6165

i Mabile: 93390 04990E-mail: rkkolkata@yahoo.com

Independent Auditor's Limited Review Report on Quarterly Financial Results of the Company Pursuant to theRegulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Reguliltions, 2015.

To the Board of Directors of Aanchal Ispat Limited,

1. We have reviewed the accompanying statement of unaudited financial results ("Statement") of Aanchal IspatLimited ("the Company") for the quarter and nine months ended 31st December, 2018 being submitted by theCompany pursuant to requirements of Regulation 33 of the SEBI. (Listing Obligations and DisclosureRequirements) Regulations, 2015. This statement is the responsibility ·of the Company's Management and hasbeen approved by the Board of Directors. Our responsibility is to issue a report on these financial statementsbased on our review.

2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements toReview Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires thatwe comply with ethical requirements and plan and perform the review to obtain reasonable assurance as towhether the financial statements are free of material misstatement. A review is limited primarily to inquiries ofcompany personnel and analytical procedures applied to financial data and thus provide less assurance than anaudit. We have not performed an audit and accordingly, we do not express an audit opinion.

3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that theaccompanying statement of Unaudited Standalone Financial Results prepared in accordance with applicableIndian Accounting Standards specified under Section )33 of the Companies Act, 2013 and SEBI CircularsCIR/CFD/CMDI15/2015 dated 30 November, 2015 and other recognized accounting practices and policies hasnot disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI, (Listing Obligationsand Disclosures Requirements) Regulation, 2015 read with Circular No CIRICFDIFAC/62/2016 dated 5th July2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Raj Chandra & Associates(FRN: 326312E)

Chartered Accountants

.~.Raj Kumar Agarwala

Partner(Membership No: 060921)

Place: KolkataDate: 14thFebruary, 2019.

Aanchallspat LimitedCIN : L27106WB1996PLC076866I GSTN/UID : 19AAACV8542M1ZQ I UAN : WB10C0007296

An ISO 9001:2015 Company

MAKE IN INDIA

Annexure-A

,IRs. In lakhs Except EPS

OUARTER ENDED NINE MONTHS ENDED YEAR ENDEDFigures for the Figures for the Figures for the Figures for the Figures for the Figures for year

Sr .no Particulars period period period period (31.12.2018) period (31.12.2017) ended 31.03.2018131.12.2018\ 130.09.2018) (31.12.2017)Unaudited Unaudited Unaudited Unaudited Unaudited Audited

I Revenue From ooerations 12559.68 9113.05 11503.35 27678.57 31896.48 38,451.31II Other Income 18.34 12.73 3.16 48.20 71.54 59.00III Total Income n-m 12 578.02 9125.78 II 506.51 27726.77 31968.02 38510.31IV EXPENSES

a) Cost of materials consumed 11 ·156.61 9342.91 10615.84 25505.73 30012.94 36,054.32b) Purchases of Stock-in- Trade - - -C) Changes in inventories of finished goods, Stock-in -Trade 515.69 (700.31) 322.68 163.99 218.25 (226.94)and work in-progressd) Emolovee benefits exnense 53.40 44.00 33.39 141.55 95.25 150.57e) Finance costs 128.88 121.45 108.73 362.51 385.66 472.95

10 Deoreciation and amortization expenses 20.68 20.68 13.00 61.63 38.48 73.421.\ Other Expenditure 382.04 237.16 310.06 1070.16 1036.81 1763.12Total Expenses (IV) 12.257.30 9065.89 II 403.70 27~05.57 31 787.39 38.287.44

V Profit/lloss) before exceotional items and tax II-IVl~

320.72 59.89 102.81 421.20 180.63 222.87VI Exceptional Items - - - -VII Profit! 1I0ss)before exceotions items and taxIV-vn 320.72 59.89 102.81 421.20 180.63 222.87VIII Tax Exnenses 99.52 17.63 31.77 130.57 55.82 90.15

a Current Tax 99.52 17.63 31.77 130.57 55.82 67.72b) Current Tax Expenses Relatinz to Prior Year's - - 6.13c Deferred Tax - 16.30

IX Profit (Loss) fer the oeriod lVII-Vim 221.20 42.26 71.04 290.63 124.81 132.72X Other Comnrehensive Income - - 2.06

A. (i) Items that will not be reclassified to profit or loss . - --

(ii) Income tax relating to items that will not be reclassified to - -profit or lossB. (i) Items that will be reclassified to profit or loss - - 2.06(ii)lncome tax relating to items that will be reclassified to profitor loss

XI Total Comprehensive Income for the period (IX+X) 221.20 42.26 71.04 290.63 124.81 130.66Comprising Profit (Loss) and Other comprehensive Incomefer the per-iod )

XII Other EQuity - - - - - - 2.202.58XIII Eamlnz ner cauitv share 10rRs 10/- each)

IlBasic (in Rs.) 1.06 0.20 0.34 1.39 0.60 0.632) Diluted (in Rs.) 1.06 0.20 0.34 1.39 0.60 0.63

I. The above results have been duly reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 14th February, 2019.2. These financial results have been prepared in accordance with Indian Accounting Standards C'Ind~AS") prescribed u/s 133 of the Companies Act, 2013 read with relevant rules issued there under and in terms of listingregulations as modified by circular no. ClRICFDIFACl6212016dated 05 July 2016. ,3. The Statutory Auditors have carried out limited review of these financial results for the quarter and nine months ended 31st December, 2018. Management has carried out necessary due diligence to ensure that suchfinancial results provide a true and fair view of the affairs for comparison purpose.4. The Company operates in single business segment of manufacturing & trading of Iron & Steel products.S. No Investors Complaints were received I disposed off during the quarter/three months ended.6. The results would be uploaded & available for the view of the Company website at http;//www.aanchalispat.comlfinancials.html#financials and alsoon the website of Bombay stockExchange (BSE) atwww.bseindiacom.7. Previous period figures have been regrouped, re-arrangedor recasted where••er necessary to make them comparable.

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STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE OUARTER ENDED 31ST DECEMBER 2018

Place: KolkataDate: 14-02-2019

For and on bebalf of tbe Board of DirectorsAancbal Ispat Limited

Registered OfficeJ.L. No.5, National Highway No.6,Chamrail, Howrah 711114.Phone: 033 22510128/03323230052Email: info@aanchalispat.com I aanchalispal1g96@gmail.comVISit USas www.aanchalispat.com

Rt?liconIS 1786:2008 IS 2062:2011

~~CMIL5525566 CMlL5489992

Script Code: 538812

strength beyond steel' 3SEEXPERIENCE THE NEW

Aanchal Ispat LimitedCIN : L27106WB1996PLC076866I GSTN/UID : 19AAACV8542M1ZQ I UAN : WB10C0007296

An ISO 9001:2015 Company

Statement of Standalone Assets and Liabilities as at Quarter Ended 31st December, 2018SI

No. Particulars As at 31112/2018 (Rs. In lakbs)

ASSETS1 Non-Current Assets

a) Property, Plant & machinery 2,701.60b) Other non-current assets 47.84c) Investments 6.36Total Non-Current Assets 2,755.80

2 Current Assetsa) Inventories 3,885.83b) Financial Assets

i) Trade Receivables 8,160.17ii) Cash & cash equivalents 579.35iii) Loans and Deposits 77.67

c) Other Current Assets . 207.38Total Current Assets 12,910.40TOTAL-ASSETS 15,666.20EOIDTY AND LIABILITIESEQIDTYa) Equity Share Capital 2,085.38b) Other Equity 4,374.39Total Equity 6,459.77

LIABILITIES1 Non-Current liabilities

a) Financial Liabilities 515.34b) Provisions 19.92c) Deferred Tax Liabilitiesmet) 109.28d) Other Non-current liabilities -Total Non-Current Liabilities

.644.54

2 Current liabilitiesa) Short Term Borrowings 4,866.19b) Trade Pavables 3,411.16

c) Other Financial Liabilities 65.31

d) Other Current Liabilities 19.00e) Short Term Provisions - 200.23Total Current Liabilities 8,561.89

TOTAL-EQIDTY AND LIABILITIES 15,666.20For-and on behalf of the Board of DIrectors

~~~..... Aanchal Ispat Limited

Date: 14/02/2019Place: Kolkata

Registered OfficeJ.L. No.5, National Highway No.6,Chamrail, Howrah 711114.Phone: 03212·246121 103322510128/03323230052Email: info@aanchalispat.com I aanchalispat1996@gmail.comVisit us as www.aanchaiispat.com

Re:-liconIS 1786:2008 IS2062:2011

Q5fJ~CMll~5525566 CMIl..5489992strength beyond steel

~MM sh Goel

Managmg 'rector(DIN: 00555061)

Script Code: 538812

3SEEXPERIENCE THE NEW