AXON VENTURES LIMITED Email: [email protected] ... · along with Limited Review Report on the same. 2. The Board took the note of Compliance done under LODR, Regulation 2015

AXON VENTURES LIMITED (Formerly Axon Finance Limited) CIN : L65999MH1982PLCO27945

Date: 04/02/2017

A4tiMaAt

Regd. Off: Shop No. 26, Meera Co.-Op. Hsg Soc., New Link Road, Near Oshiwara Police Station, Andheri (West), Mumbai - 400053

Tel: 022 - 65368222 Email: [email protected] Website: www.axoninfotech.in

To, The Bombay Stock Exchange Ltd

Corporate Relationship Dept,

1St Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalai Street, Fort, Mumbai — 400 001

Ref: BSE Scrip Code: 505506 Sub: Outcome of Board Meeting

This is to inform that 08/2016-17 meeting of the Board of Directors of the Company was

held on Saturday, 4 th February, 2017 at E-109, Crystal Plaza, New Link Road, Andheri (West),

Murnbai — 400053 at 11:00 A.M. and concluded at 1:30 P.M. The Board considered and

approved the following:

1. Standalone Unaudited Financial Results for the Quarter ended 31 5' December, 2016

along with Limited Review Report on the same.

2. The Board took the note of Compliance done under LODR, Regulation 2015 for the

quarter ended 31.12.2016.

3. The Board took the note of minutes of the previous meetings of Board and

committees held prior the date of today's meeting.

Kindly acknowledge the Receipt.

Thanking You

Yours Faithfully For Axon Ventures Limited

Prajna Naik [Company Secretary]

Encl: a/a.

Page 1 of 11

General information about company

Scrip code 505506

Name of company Axon Venture Ltd

Result Type Mai n Format

Class of security I Equity

Date of stat of finwcid year 01-04-2016

Date of end of financial year 31-03-2017

Date of boat meeting when results were approved 04-02-2017

Date on which prior i ntimati on of the meeting for considering f i naici al results was i nformed to the exchange 25-01-2017

Description of presentation currency I N R

Level of rounding used in financial results Lakhs

Reporting Quarter Third quarter

Nature of report standalone or consolidated I Standalone

Whether results are audited or unaudited Unaudited

Segment Reporting J Multi segment

Description of single segment

Par AX0\E TURES UIVIITEO

Director /Authorised Signatory;

fi I e:///Z :/M y°/020D ocument/AX ON °/020V EN T U RES°/020L T D/Resu I t2016-17/dee/02016/... 2/4/2017

Page 2 of 11

Quarterly & Half Yearly Financial Resift by Companies Other than Banks

Particulars 3 months

ended (dd- mmlYYY)

Previous 3 months ended

(dd-mm- YYYY)

Corresponding 3 months ended i n the previous yea- (dd-

mm YYYY)

Year to date fi gures for

current period ended (dd-mm-

YYYY)


previous period ended (dd-mm-

YYYY)

Previous accounting

yea ended (dd-mm-yyyy)

A _Ed A

Date of start of reporting period 01-10-2016 01-07-2016 01-10-2015 01-04-2016 01-04-2015 01-04-2015

Date of end of reporting period

- 31-12-2016 30-09-2016 31-12-2015 31-12-2016 31-12-2015 31-03-2016

Whether resits ere audited or unaudited

Unaudited Unaudited Unaudited Unaudited Unaudited Audited

Nature of report one or

consolidated Standalone Standalone Standalone Standalone Standalone Standalone

Part I

1 I Revenue From Operations

_I Net sales or

Revenue from 0 122.127 Operations

-17.45 313.747 119.8 488.247

1 Other operating revenues 14.366 15.098 0 48.312 0 41.589

Total Revenue from operations

(net) 14.366 137.225 -17.45 362.059 119.8 529.836

2 I Expenses

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

(b) Purchases of stock-in-trade 0 150.011 -12.9 341.611 7.03 437.211

(c)

• Changes in inventories of

finished goods, wok-in-progress

and stock-in-trade

5.687 1.057 20.54 13.58 142.74 69.311

(d) Employee benefseit

expen 2.893 2.437 2.34 8.161 7.89 15.144

(e) Depreciation and

amortisation expense

0.017 0.016 0 0.049 0 0

(f) Other Expenses

1 Other Expenditure I 1.919 1 2.042 2.11 1 7.161 5.491

2

8.977

0 2 Li sting Fee I 0 1 C1 1 D 1 2

Total other expenses 1.919 1 2.042 2.11 9.161 7.49 8.977

For A ON uENTUR

fi I e:///DM y%20Document/AX ON %20V ENTU RES%2OL TD/Recul ts/2016-17/de0/020ftIctolAONOsaci Signatory

Page 2 of 11

Quarterly & Half Yearly Financial Resift by Companies Other than Banks


aided (dd - mm-YYYY)


(dd-mm- YYYY)

Corresponding 3 months ended i n the previous year (dd-

mm-YYYY)

Year to date figures for


YYYY)


previous peri od ended (dd-mm-

YYYY)

Previous accounti ng

Year ended (dd-mm-yyyy)

A

Ed A A


Date of end of reporting period 31-12-2016 30-09-2016 31-12-2015 31-12-2016 31-12-2015 31-03-2016

Whether results are audited or unaudited


Nature of report standalone or consolidated

Standalone Standalone Standalone Standalone Standalone Standalone

Part I

1 1 Revenue From Operations

_I Net sales or

Revenue from 0 122.127 Operations

-17.45 313.747 119.8 488.247

Other operating 1 revenues 14.366 15.098 0 48.312 0 41.589

Total Revenue from operations

(net) 14.366 137.225 -17.45 362.059 119.8 529.836

1]

(a)

Expenses

Cod of materials consumed o 0 0 0 0 0

(b) Purchases of stock- in-trade o 150.011 -12.9 341.611 7.03 437.211

(c)

• Changes in inventories of

finished goods, work-in-progress

and stock-in-trade

5.687 1.057 20.54 13.58 142.74 69.311

(d) Employee benefit expense

2.893 2.437 2.34 8.161 7.89 15.144

(e) Depreciation and

amortisation expense

0.017 0.016 0 0.049 0 0

(f) Other Expenses

1 Other Expenditure I 1.9191

I 01

1.919

2.042

01

2.042

2.111

CI

2.11

7.161

1 2 1 9.161

5.49

7.49

21

8.977

0

8.977

2 Listing Fee

Total other expenses

For A ON uENTU

f i I e:///Z :/M y%20D ocument/AX ON %20V EN T U RES°/020L T D/Resu I ts/2016-17/dee/020iNteCtolgi4bOsed Signatory

Page 3 of 11

Total expenses' 10.516 155.563 12.091 372.5621 165.151 530.643

Fos' AXON VENTURES LIMITED

Director / Au(horised Signatory

fi I e:///ZIM y')/020Document/AX ON %20V ENTU RES%20L TD/Resul ts/2016-17/dec%2016/... 2/4/2017

Page 4 of 11

Quarterly & Half Yearly Financial Result by Companies Other than Banks


ended (dd- mm-YYYY)


(dd-mm- MY)

Corresponding 3 months ended in the previous year

(dd-mm-yyyy)



YYYY)


previous period ended (dd-mm-

YYYY)

Previ ous accounting yea ended

(dd-mm-yyyy)

Fki

13

..d

DI

Date of dart of reporting period

01-10-2016 01-07-2016 01-10-2015 01-04-2016 01-04-2015 01-04-2015

Date of end of r in iod eportg per

31-12-2016 30-09-2016 31-12-2015 31-12-2016 31-12-2015 31-03-2016

Whether results are audited or unaudited




Part I

3

Profit (loss) from operations before

ether income, finance cods and exceptional items

3.85 -18.338 -29.54 -10.503 -45.35 -0.807

4 Other income 0.019 0.031 0.02 0.067 0.03 0.131

5

Profit (loss) from ordinary activates

before finance costs and exceptional

items

3.869 -18.307 -29.52 -10.436 -45.32 -0.676

6 Finance costs 0 0 0 0 -0.08 0

7

Profit (lose) from ordinary activities after finance costs

but before exceptional items

3.869 -18.307 -29.52 -10.436 -45.24 -0.676

8 Prior period items before tax

0 0 0 0 0 0

9 Exceptional items 0 0 0 0 0 0

, 10

Profit (lose) from ordinary activities

before tax 3.869 -18.307 -29.52 -10.436 -45.24 -0.676

11 Tax Expense 0 0 0 0 1.61 0.02

12 Net profit (loss) from ordinary

activities after tax 3.869 -18.307 -29.52 -10.436 -46.85 -0.696

13 Extraordinary items 0 0 0 0 0 0

14

Net Profit Loss for the period from

continuing operations

3.869 -18.307 -29.52 -10.436 -46.85 -0.696

Profit (loss) from

URES

•

f i I e:///Z :/M y°/020Document/AX ON %20V ENTU RES%2OL TD/Resul ts/2016-17/dec%2PW? ihatelged sic

Page 5 of 11

15 di sconti nui ng operati ons bef ore tax 0 0 0 0 0 0

16 Tax expense of di sconti nui ng operations

0 0 0 0 0 0

17

18

21

Net profit (loss) from discontinuing operation after tax

0 0 0 0 0 0

Profit (loss) for period before

minority interest 3.869 -18.307 -29.52 -10.436 -46.85 -0.696

Net Profit (loss) after taxes minority

interest and share of profit (loss) of

associates

3.869 -18.307 -29.52 -10.436 -46.85 -0.696

For AXON V NTURES Limi \.A Authorised Sic !! 2

fi I e:///Z :/M y%20Document/AX ON %20V ENTU RES%20LTD/Results12016-17/de0/0201 6/... 2/4/2017

Page 6 of 11

Quarterly & Half Yearly Financial Result by Companies Other than Banks


ended (old- mm-YYYY)


(dd-mm- YYYY)

Corresponding 3 months ended in the previous year (dd-

mm


current period ended (old-mm-

YYYY)


previous period ended (old-mm-

YYYY)

Previous accounting

Year ended (dd-mm-yyyy)

A Date of start of reporting period 01-10-2016 01-07-2016 01-10-2015 01-04-2016 01-04-2015 01-04-2015

B Date of end of reporting period 31-12-2016 30-09-2016 31-12-2015 31-12-2016 31-12-2015 31-03-2016

jC

D

Whether results are audited or

unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Audited



_1 221

Part I

Details of equity share capital

1 Pal d-up equity share capital 764 764 764 764 764 764

Face val ue of equity share capita

10 10 10 10 10 10

231 Details of debt securities

24

Reserves excluding revaluation reserve

0 0 0 0 0 551.703

261 Earnings per share

i

Earnings per sh are before extraordinary items

Basic coral ngs per share before extraordinary items

0.051 -0.24 -0.39 -0.137 -0.61 -0.009

Diluted earnings per shore before extraordinary items

0.051 -0.24 -0.39 -0.137 -0.61 -0.009

Ili Earnings per share after extraordinary items

Basic earnings per share after extraordi nay items

0.051 -0.24 -0.39 -0.137 -0.61 -0.009

Di I uted earni ngs per share after extraordi nay items

0,051 -0.24 -0.39 -0.137 -0.61 -0.009

For AX N V NTURES

file:///Z:/M y%20Document/AXON %20V EN TU RES°/020LTD/Results/2016-17/de0/020

Page 7 of 11

30

Disclosure at notes on fi nand al results

Textual I nf or mati on (1 )

For AXON V TURES 1_11V17;:-

Director/Authorised Signato; fi I e:///Z :/M y`)/020Document/AX ON %20V ENTU RES%2OL TD/Resul ts/2016-17/dee/02016/... 2/4/2017

Page 8 of 11

Text Block

1) The above financial results for the qua-ter ended 31 December ,2016 have been reviewed by the Audit Committees and approved by the Board of Directors at its meeting held on 4th Februay, 2017 and reveiwed by Statutory Auditors.

2) The figure for the previous quarter/year have been re-grouped/re-d assif i ed/re-stated wherever necessary.

3) Investor Complaints for the quarter ended 31/12/2016. Opening- 0, received- 0, Resolved- 0, Closing -0.

Textual I nformation(1) 4) The result is available on our website www.axoninfotech.i n and on BSE website www.bsei ndi acorn

5) The Company operates in two Bud ness Segment i.e. Comodity Trading Buisiness and Finance Business Activities. Bud ness segment has been identified as separable pri may 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 wd I as evaluation of risk and return of this segments.

(6) Provision for Taxation, if any, will be male at the end of the Financial Year and hence not provided on quarterly bads.

For AXO URES MITE

/ Authorised Signatc fi I e:///Z :/M y%20Document/AX ON %20V EN T U RES%2OL TD/Resul ts/2016-17/deRrI6/... 2/4/2017

Page 9 of 11

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


ended (dd- mm-YYYY)


(dd-mm- YYYY)

Corresponding 3 months ended in the previous year

(dd-mm-yyyy)



YYYY)

Y ear to date figures for

previous period d ende (dd-mm- YYYY)

Previous accounting year ended (dd-mm-

YYYY)


Date of end of reporting period 31-12-2016 30-09-2016 31-12-2015 31-12-2016 31-12-2015 31-03-2016

Whether audited or unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Audited

Nature of report standal one or consolidated


Segment Revenue (Income)

J (net salelincome from each segment should be disclosed)

11.._2j

J

]

Commoditi es Trading B usi ness 0 122.127 -29.95 313.747 -29.95 370.247

R nance 13 usi ness 14.3661 15.098 12.5 48.312 149.75 118

A Other I ncomel 0.0191

14.385

0.031

137.256

0.02

-17.43

0.067

362.126

0.03

119 83

0

488.247 T dal Segment

Revenue

ILess Inter

segment revenue

Revenue fran 1 Operations 14.385 137.256 -17.43 362.126 119.83 488.247

Segment Result

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

_1_1 Commodities Trading Business 0 -27.884 -0.44 -27.864 -0.44 1.72

2 Fi name Busi ness 8.679 1 14.041 -24.64 34.7321 -29.53 20.734

3Other Income 01 0 0 01 0 0

J

Taal Profit before tax 8.679 -13.843 -25.08 6.868 -29.97 22.454

J i. Finance cost 0 0 0 0 0 0

ii. Other Unallocable

Expenditure net off Unallocable

income

4.81 4.464 4.44 17.304 15.35 23.13

Profit before tax 3.869 -18.307 -29.52 -10.436 -45.32 -0.675999999999998

For AXON VE TURES IJk

Director / Authorised Siqr fi I e:///Z :/M y%20Document/A X ON %20V EN TU RES°/020LTD/Result2016-17/dee/02016/... 2/4/2017

Page 10 of 11

Capital Employed

(Segnent Asset - Segnent Liabilities)

5.654 5.936

Finance Business' 1299.6131 1295.463

Other I ncomel 01 0

1305.267 1301.399

Commoditi es Trading Business

Total Capital Employed

1269.55 1305.267 1269.55 1315.724

0

5.654

0

0

1269.55 1299.613 1269.55 1315.724

0 0 0

Disdosure of notes on segnents

For AXON VE TURES LIMiTED

Director / uftioriseti Signatory

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Documents

AXON VENTURES LIMITED Email: [email protected] ... · along with Limited Review Report on the same. 2. The Board took the note of Compliance done under LODR, Regulation 2015