BANAS FINANCE LIMITED Faithfully For Banas Finance Limited Girraj Kishor Agrawal [Director] BANAS...
Transcript of BANAS FINANCE LIMITED Faithfully For Banas Finance Limited Girraj Kishor Agrawal [Director] BANAS...
BANAS FINANCE LIMITED E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400 053.
Tel : 022 61 52 2225 • Fax : 022 6152 2234 • Email : [email protected] • Website : www.banasfinance.com
Date: 13/08/2016
To, The Bombay Stock Exchange Ltd Corporate Relationship Dept,
1 st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalai Street, Fort, Mumbai — 400 001
C I t4 r-65910M1-11983PLCO30 1,12
BSE Scrip Code: 509053 Sub: Outcome of Board Meeting
Dear Sir,
This is to inform you that 04/2016-2017 meeting of the Board of Directors of the company was held
on Saturday, 13th August 2016, at the Registered Office of the Company at E-109, Crystal Plaza, Opp.
Infinity Mall, New Link Road, Andheri (West), Mumbai-400053 at 02.30 P.M and concluded at 5:00
P.M. The Board considered and approved the following:
1. Standalone Unaudited Financial Results for the quarter ended 30th June, 2016 along with
Limited Review Report on the same.
2. Directors Report and Notice for 33rd Annual General meeting of the Company.
3. Ratification of appointment of M/s. Pravin Chandak & Associates, Chartered Accountants
(Membership No: 049391), as the Statutory Auditor of the Company for F.Y. 2016-17 and
also fixed the remuneration, subject to members approval at ensuring Annual General
Meeting.
4. Re-appointment of Mr. Girraj Kishor Agrawal (DIN: 00290959), who retires by rotation and
being eligible, offers himself for re-appointment.
5. Regularisation of office of Ms. Swati Digamber Shinde (DIN: 07286912) as an Independent
Director as a Director of the Company.
6. Regularisation of office of Mr. Hardikkumar Bharatbhai Kabariya (DIN: 07566240), as an
Independent Director as a Director of the Company.
7. Related Party Transactions up to Rs.50 Crores with each related parties in accordance with
section 188 of the Companies Act, 2013 and Regulation 23(4) of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, subject to member's approval at ensuring
Annual General Meeting.
8. Fixed the dated for closing the Register of Members and Transfer Books from 21/09/2016 to
23/09/2016 for the purpose of AGM.
9. Fixed the 33rd Annual General Meeting of the Company on 28th September, 2016 at E/109,
Crystal Plaza, opp. Infinity Mall, New Link Road, Andheri (West), Mumbai- 400053 at 02.00
P.m. and also calendar of events for the AGM.
Yours Faithfully
For Banas Finance Limited
Girraj Kishor Agrawal
[Director]
BANAS FINANCE LIMITED
E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400 053. Tel : 022 6152 2225 • Fax : 022 6152 2234 • Email : [email protected] • Website : www.banasfinance.com
C L65910MH1983PLCO301/4..
10. Appointed M/s. Pravin Chandak & Associates, Chartered Accountants (Membership No:
049391) as the Scrutinizer for conducting e-voting and poll process for the 33rd Annual
General Meeting of the Company.
11. Reviewed and noted the Compliance made as per SEBI (Listing Obligation & Disclosure
Requirements) Regulation 2015 for the quarter ended 30.06.2016.
12. Recorded the status of Minutes of Board and Committees Meeting held and Statutory
Registers.
13. Approved the Secretarial Audit Report and discussed on Qualification, made by Secretarial /
Statutory auditors in their Audit Report for the F.Y 2015-2016.
14. Authorised to Mr. Girraj Kishor Agrawal (DIN: 00290959), as authorised representative of the
company to attend and vote the general meeting of other Companies.
Kindly acknowledge the Receipt.
Thanking You
Yours Faithfully
For Banas Finance Limited
Girraj Kishor Agrawal
[Director]
BANAS FINANCE LIMITED E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400 053.
Tel : 022 61 52 2225 • Fax : 022 6152 2234 • Email : [email protected] • Website : www.banasfinance.com
C11■1_1.55910MH1983PLCO30142
Date: 13/08/2016
To,
The Bombay Stock Exchange Ltd
Corporate Relationship Dept,
1 st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalai 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 33 rd Annual General Meeting of the Company as follows:
BSE Scrip Code 509053
ISIN INE521L01022
Type of Security Equity Share
Book Closure Date 21/09/2016 TO 23/09/2016 (Both Days Inclusive)
Purpose 33rd Annual General Meeting
Please acknowledge the receipt.
Thanking You,
CC To,
The Manager
National Securities Depository Limited
Trade World, 'A' Wing, 4th & 5th Floors,
Kamala Mills Compound,
Lower Parel, Mumbai-400013
CC To,
The Manager
Central Depository Services (India) Ltd,
16th Floor, P. J. Tower,
Dalai Street, Fort, Mumbai -400001
CC To,
M/s. Purva Sharegistry (India) Pvt Ltd
9, Shivashakti Ind!. Estate, J.R. Boricha Marg,
Opp. Kasturba Hospital, Lower Parel (East),
Mumbai — 400 011
BANAS FINANCE LIMITED E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400 053.
Tel : 022 61 52 2225 • Fax : 022 6152 2234 • Email : [email protected] • Website : www.banasfinance.com
CT-0: Li95910MH1983PL0 03014 :
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 Monday, 8t h
August, 2016
2. Date of Board resolution authorizing one of the functional directors to
be responsible for the entire poll process.
Saturday, 13 th August, 2016
3. Date of appointment of scrutinizer Saturday, 1P—August, 2016
4. Benpose Date for Sending Notice to shareholders Friday, 266 August, 2016
Tuesday,06th September, 2016 5 Last date of completion of dispatch of Notice of Annual General
Meeting
6. Last date for Newspaper publication for details of E-Voting and
AGM notice dispatch
Tuesday,06 t September, 2016
7. Cutoff Date determining list of Members for E- voting
( 7 days prior to date of AGM/EGM )
Wednesday, 21 st September, 2016
8. Period for which E-voting facility is available and open to Members of
the Company.
Sunday, 25/09/2016 9:00 A.M. till
Tuesday, 27/09/2015 5:00 P.M.
9. Date and time of Annual General Meeting Wednesday, 28th September, 2016 at
2:00 P.M. ____ 10. Submission of the Report by the Scrutinizer On or before Friday,30 t September,
2016
11. Date of declaration of the result by the Chairman On or before closing hours on
Friday,30 th September, 2016
12. Date of handing over the E-voting register and other related papers to
the Chairman.
On or before Saturday, 1 st October,
2016
Please acknowledge the receipt.
Thanking You,
For Banas Finance Limited
..„ 1 1403M Giriraj KishOrlAgrawal
(ok
Jiff
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) Ltd,
16th Floor, P. J. Tower,
Dalai Street, Fort, Mumbai -400001
Place: Mumbai
Date: 13/08/2016
CC To,
Bombay Stock Exchange Ltd
Corporate Relationship Dept,
1 st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalai Street, Fort, Mumbai -400 001
CC To,
M/s. Purva Sharegistry (India) Pvt Ltd
9, Shivashakti Indl. Estate, J.R. Boricha Marg,
Opp. Kasturba Hospital, Lower Parel (East),
Mumbai — 400 011
(Director)
13/08/2016 Financial Results_June_Banas.xlsm.html
General information about company
Scrip code 509053
Name of company Banas Finance Limited
Result Type Main Format
Class of security 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 13-08-2016
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-08-2016
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Unaudited '
Segment Reporting Single segment
Description of single segment NBFC
AM SANAS FI ANNE LTD.
DIrecipt
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Quarterly & Half Yearly Financial Result by Companies Other than Banks
Particulars 3 months
ended (dd- mm-YYYY)
Previous 3 months
ended (dd- mill..yyyy)
Corresponding 3 months ended in the previous year (dd-
mm-YYYY)
Year to date figures for current period ended (dd-
mm-YYYY)
Year to date . figures for
previous period ended (dd-mm-
YYYY)
Previous accounting year ended (dd-mm-
YYYY)
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
B Date of end of reporting period
30-06- 2016
31-03-2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016
C 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
Part 1
1 Revenue From Operations
Net sales or Revenue from Operations
155.735 179.827 163.38 155.735 163.38 808.487
Other operating revenues
0 0 0 0 0 0
Total Revenue from operations (net)
155.735 179.827 163.38 155.735 163.38 808.487
2 Expenses
(a) Cost of materials consumed
0 0 0 0 0 0
(b) Purchases of stock-in- trade
205.411 475.307 419.47 205.411 419.47 1334.447
(c)
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
_ 117.971 -297.623 -363.55 -117.971 -363.55 -613.573
(d) Employee benefit expense
2.386 3.429 2.22 2.386 2.22 12.319
(e) Depreciation and amortisation expense
0 0 0 0 0 0
(1) Other Expenses
1 Other Expenditure 20.657 288.921 9.16 20.657 9.16 292.031
Total other expenses 20.657 288.921 9.16 20.657 9.16 292.031
Total expenses 110.483 470.034 67.3 110.483 67.3 1025.224
10, SANAS FINA E LTD. 1\ Director
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10, BATAS FINAE up. \\11 3/6
Director
13/08/2016 Financial Results June_Banas.xlsm.html
Quarterly & Half Yearly Financial Result by Companies Other than Banks
Particulars 3 months
ended (dd- , min-YY"'
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) .
Year to date figures for
previous period ended (dd-mm-
YYYY)
Previous accounting year ended (dd-mm-
YYYY)
A Date of start of reporting period
01-04- 2016
01 ,•01- 2016
01-04-2015 01-04-2016 01-04-2015 Q1-04-2015
B Date of end of reporting period
30-06- 2016
31-03- 2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016
C 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
Part I
3 Profit (loss) from
operations before other income, finance costs and
exceptional items
45.252 -290.207 96.08 45.252 96.08 - -216.737
4 Other income 0 0.685 0 0 0 0.805
5
Profit (loss) from ordinary activates before
finance costs and exceptional items
45.252 -289.522 96.08 45.252 96.08 -215.932
6 Finance costs 27.693 25.942 25.33 27.693 25.33 100.642
7 Profit (loss) from
ordinary activities after finance costs but before
exceptional items
17.559 -315.464 70.75 17.559 70.75 -316.574
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
17.559 -315.464 70.75 17.559 70.75 -316.574
11 Tax Expense 0 0.179 13.48 0 13.48 13.179
12 Net profit (loss) from
ordinary activities after tax
17.559 -315.643 57.27 17.559 57.27 -329.753
13 Extraordinary items 0 0 0 0 0 0
14 Net Profit Loss for the period from continuing
. operations 17.559 -315.643 57.27 17.559 57.27 -329.753
15 Profit (loss) from discontinuing operations before tax
0 0 0 0 0 0
16 Tax expense of discontinuing operations
0 0 0 0 0 0
17 Net profit (loss) from
discontinuing operation after tax
0 0 0 0 0 0
18 Profit (loss) for period
before minority interest 17.559 -315.643 57.27 17.559 57.27 -329.753
21
Net Profit (loss) after taxes minority interest
and share of profit (loss) of associates
17.559 -315.643 57.27 17.559 57.27 -329.753
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13/08/2016 Financial Results June Banas.xlsm.html
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)
Year to date figures for previous period
ended (dd-mm- yyyy)
Previous accounting year ended
(dd-mm-yyyy)
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
B Date of end of reporting period
30-06- 2016
31-03-2016 30-06-2015 30-06-2016 30-06-2015 31-03-2016
C 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
Part I
22 Details of equity share capital
Paid-up equity share capital
1137.6 1137.6 1137.6 1137.6 1137.6 1137.6
Face value of equity share capital
1 1 1 1 1 1
23 Details of debt securities
24
Reserves excluding revaluation reserve
0 0 0 0 0 2347.708
26 Earnings per share
i
Earnings per share before extraordinary items
Basic earnings per share before extraordinary items
0.015 -0.277 0.05 0.015 0.05 -0.29
Diluted earnings per share before extraordinary items
0.015 -0.277 0.05 0.015 0.05 -0.29
ii Earnings per share after extraordinary items
Basic earnings per share after extraordinary items
0.015 -0.277 0.05 0.015 0.05 -0.29
Diluted earnings per share after extraordinary items
0.015 -0.277 0.05 0.015 0.05 -0.29
30 Disclosure of notes on financial results
I ) Textual Information( I)
i For SANAS FM E Li-D.
Director
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For SANAS FNA E up. \;
Director
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Financial Results June Banas.xlsm.html
Text Block
1. The above financial results for the quarter ended 30 June, 2016 have been reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 13th August, 2016 and reveiwed 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
Textual Information(1) -0,Closing - 0.
4. This Result is available on our Website www.banasfinance.com and on the website of BSE i.e. www.bseindia.com
5. The Company has Single Reportable Segment as Defined in Accounting Standard 17, Therefore Segment Reporting is not Applicable to the Company
6. Provision for Taxation if any, will be made at the end of the Financial Year and hence not provided on quarterly basis.
13/08/2016
Financial Results June Banas.xlsm .htm I
Sal f3ANAS FlAfA C \ E LTD.
/Director
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