February Il*, 2020 ,

To, The Manager

Listing Department,

Bombay Stock Exchange Limited,

P. J. Tower,

Dalal Street,

Mumbai - 400 001

Ref: -Securitv Code No.530825

Sub: Outcome of Board Meeting held on Februaw 11,2020

We write to inform you that the Board of Directors at their meeting held today have approved the

following:

1. Unaudited Financial Results for the Quarter and half ended 3Ft December 2019:

Pursuant to Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are forwarding herewith a copy 06 Standalone Unaudited Financial Results for the Quarter ended 31.12.2019.

The above results have been reviewed by the Audit Committee and approved by the Bodrd of Directors of the Company at their meeting held on 11th February, 2020.

We also enclose "Limited Review Report" dated 1 1 t h February, 2020, issued by Statutory Auditors, M / s . KC Mehta & Co., Chartered Accountants in respect of standalone and Unaudited Financial Results for the Quarter ended 31.12.2019.

2. Declaration of Interim Dividend:

The Board of Directors:

I. Declared an interim dividend @ 7% i.e. Rs. 0.7/- per equity share of Rs. lo/- each;

11. Fixed February 21,2020 as the record date; and

iii. Fixed February 28,2020 as the payment date

3. Appointment of Comuanv Secretarv and Compliance Officer

Appointment of Mrs. Seemab Ansari as Company Secretary and Compliance Officer of the Company with effect from February 11, 2020 pursuant to Section 203 of the Companies Act. 2013 and pursuant to Regulation 6(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Information ,as required under regulation 30 read with circular no. CIR/CFD/CMD/4/2015 dated September 09,2015 is given below:

DAlKAFFlL CHEMICALS INDIA LIMITED 52. Nariman Bhavan, Nariman Point, Mumbai - 400 021 T: (91-22) 6101 6699 E: info@daikaffil.com W: www.daikaffil.com CIN NO: L24114MH1992PLC067309 Racld. Mf. works : w6 M I ~ C am,,, nni.sr. dnrr;nc niet PSI^^.. hA-h-*s-h+ra

a. Reason for : With reference to our earlier letter dated Change November 12,2019 wherein we intimated

about the resignation of Mr. Mohan Bavkar (Company Secretary) and consequent to his resignat~on Mrs. Seemab Ansari is now appointed as Company Secretary and Compliance 0ff1ct.1

b. Date of : Mrs. Ansari is appointed with immediate effect (i.e. Feb 11,2020). Appointment

c. Brief Profile : Mrs. Ansari is a qualified Company Secretary bearing Membership No. A 33499. She also holds a Bachelor's degree in Commerce from Mumbai University. She has an overall professional experience of Five years in the field of Secretarial compliance. Her previous stint as Company Secretary was with Montblanc Hotels Private L~mited - Mumbai and prior to that she was working with Liladhar .Pasw Forwarders Private Limited - Mumbai.

The Meeting commenced at 11.15 a.m. and concluded at 12.45 p.m.

Kindly take the above on your record and oblige

ours fa hfully, R

DAIKAFFIL CHEMICALS INDIA LIMITED 52, Narirnan Bhavan, Narirnan Point, Mumbai - 400 021 T; (91-22) 6101 6699 E: info@daikanil.com W: w.daikaffil.com CIN NO: L24114MH1992PLC067309 g",,rw\A,...L...C ,..., "#.* " . ! - - - - .

K C Mehta k; CY. C h a r t e r e d A c c o u n t a n t s

INDEPENDENT AUDITOR'S REVIEW REPORT ON THE UNAUDITED FINANCIAL RESULTS OF THE COMPANY

TO, The Board of Directors Daikaffil Chemicals lndia Limited

We have reviewed the accompanying Statement of Unaudited Financial Results of Daikaffil

Chemicals Indla Limlted ("the Company") forthequarter and nine months ended 31" December

2019 (hereinafter referred to as "the StatementH and initialed by us for the purpose of identification), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Revtew Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of lndia. Th~s Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly. we do not express an audit opin~on.

Based on our review conducted as above, nothing has come to our attenthon that causes us to believe that the accompanying Statement prepared in accordance with applicable Indian Accounting Standards (Ind AS) specified under section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other recognised accounting practices and policles has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulathons, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misnatement.

Other Matter

The comparative unaudited financial figures of the Company for the corresponding quarter and

nine months ended 31" December, 2018 prepared in accordance with Indian Accoullting Standards (Ind AS) included in this Statement are based on previousiy issued unaudited financial results that were reviewed by the predecessor auditor who expressed unmodified conclusion vide thew review report dated Sm February 2019.

K C Mehta k; Cv. . C h a r t e r e d A c c o u n t a n t s

The audited financial results for the year ended March 31,2019, included in these financtal results are based on the previously issued results of the Company prepared in accordance with the Indian Accounting Standards ("lnd Mu) prescribed under Section 133 of Companies Act, 2013. Those audited financial results p repad under lnd AS were audlted by the predecessor auditor, whose audit report dated May 23,2019 erpressed an unmodified opinion on those financial results.

Our conclusion on the Statement is not modified in respect of the above matter.

For K. C. Mehta & Co., Chartered Accountants Firm's Reaistratlon No. 106237%'

Neel I

Panner Membership No. 045027 \ UDIN: a o 0 r t s o 2 + 4 4 ~ ~ ~ ~ t ~ z 5 F Place: Vaddara Date: ll* February 2020.

I DAlKAFFlL CHEMICALS INDIA LIMITED CIN NO : L24114MH1992PLC067309 I

I Regd. Office : E-4, M.I.D.C., Tarapur, Dist-~alghar, Maharashtra - 401506 I I Statement of Unaudited Financial Results for the quarter / nine months ended December 31,2019

a) Ilncome from oberations 1 331.94 1 428.91 1 390.67 1 1.211.63 1 1.238.86 1 1.683.91 b) lother income 1 22.32 1 18.87 1 3.24 1 58.68 1 33.48 1 46.10

Total income from operations 354.26 1 447.78 1 393.91 1 1,270.31 1 1,272.34 1 1,730.01

51. No.

I

Particulars

llncome from o~erations

Amount in bkhs

a) b) c)

d) e) f)

Iltem; will not be reclassified I - I 1.51 1 (1.051 1 - I 13.1511 (7.51) 1

Quarter ended

Expenses Cost of materials consumed Purchase of Stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock- in-trade Employee benefits expense Finance costs Depreciation and amortisation

g)

31st Dec.

2019 Unaudited

value of Rs. 101- each) Earnings per share (EPS) (not annualised)

(a) Basic (in Rs.) (b) Diluted (in Rs.)

Year ended 31st March,

2019

Audited

Nine months ended

expenses Other expenses Total expenses Profit I (Loss) before tax (1-11) Tax expenses Current Tax Deferred Tax Profit I (Loss) after tax (Ill-IV) Other comprehenslve income / (loss) net of tax

Subse~uentlv to Drofit or loss Total comprehensive (loss) /profit net of tax iV+vl) Paid-up equity share capital (face

The above unaudited Financial Results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) specified under Section 133 of the Companies Act, 2013.

30th Sep,

2019

Unaudited

31st Dec 2019

Unaudited

The above unaudited Financial Results have been reviewed and recommended by the Audit Committee and taken on record in its meeting held on 11th February, 2020 and subsequently approved by the Board of Directors in its meeting held on 11th February, 2020. The same have been reviewed by Statutory Auditors as required under Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

31st Dec,

2018

Unaudited

30th Dec

2018 Unaudited

66.29 328.94 25.31

(10.10) 0.92

16.13

16.13

600.00

Indian Accounting Standard (Ind-AS)-116 "Leases" became effective from 01.04.2019 and the Company has adopted the same using modified retrospective transition method where at the date of initial application ,the lease liability is measured at the present value o remaining lease payments and right to use asset has been recognised at an amount equal to the lease liability . Accordingly, the comparative information of periods relating to earlier years is not restated. Application of this standard has resulted a net decrease in Profit before Tax for the period April to December 2019 by Rs.17.68 Lakhs (increase in depreciation & amortisation expenses and finance cost by Rs. 13.56 Lakhs and Rs.4.12 Lakhs respectively) and decrease in Other Expenses by Rs. 13.18 Lakhs. 1 The Board of Directors in its meeting held on 11th February 2020 has declared an interim dividend of Rs. 7 pe

The Company has only one reportable business segment of Manufacturing and trading in Chemicals a

68.99 428.52

19.26

(11.10) (0.371 7.79

9.30

600.00

78.80 413.57 (19.66)

4.03 4.35

(11.28)

~.

(12.33)

600.00

201.01 1,176.02

94.28

(37.35) (2.54) 54.39

54.39

600.00

243.39 1,199.47

72.87

(26.97) 1.12

47.02

. .

43.87

600.00

308.15 1,607.65

122.37

(39.07) 2.77

86.06

. .

78.55

600.00

Place: Mumbai

. . . , . . ~. .. . . . . . _ . L % , ~ ~ . ,

, . ; * , :; 2 :. .:.;. , ,.i&. ;.; .,"- . . .;>: ;.,>:-.>&,~<4 &+,p&,-Ls ~<z *;.: 7j.I ,<., .-,- " - ' ~ . , , d... .;.:;-- * . +*,.*- ->.. y*:.;::.$2?;x~+;-<;~;;2:':~ ;.

'": ' . ,

:~:.;:b.2*~*4*@- z*<.m ;:x<.,F: ,.. +, . r. ..~. .r.-.,:.,. . . ~>;~?~~&&~~&g;~~+.&!~~-~~;:~~.;.,~.;\-~ Li.... ~ ~

- ,.%!~. ,. :7 , . ,