Five X Finance & Investment Ltd. CIN: …...Five X Finance & Investment Ltd. CIN: L65910MH2010PLC201249 Regd. Off: 305, Krishna - A, ... Description of presentation currency INR Level

Five X Finance & Investment Ltd. CIN: L65910MH2010PLC201249

Regd. Off: 305, Krishna - A, Vishal Nagar, Marve Road, Malad (West), Mumbai - 400 064 Tel: 022 60603001 / Email: [email protected] / website: www.fivexfinance.com

Date: 27/05/2016

To,

The Bombay Stock Exchange Ltd

Corporate Relationship Dept,

1st Floor, New Trading Ring,

Rotunda Building, P. J. Towers,

Dalal Street, Fort, Mumbai —400 001

BSE Code: 536751

Sub: Outcome of Board Meeting

This is to inform you that the 03/2016-17 meeting of Board of Directors of the Company was held on 27 th May,

2016, Friday at E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai — 400053 at 12:30 P.M and the

Board discussed and approved the as follows:

1) Audited Financial Results for the quarter and year ended 31 st March, 2016 along with Auditors Report and Notes forming parts to Accounts.

2) Appointment of Mrs. Shaan Amit Gulecha as an Executive Director of the Company, who will hold office

up to the next Annual General Meeting of the Company.

3) Appointment of Mr. Hardikkumar Bharatbhai Kabariya as an Additional Director of the Company under

Independent Non- Executive Category, who will hold office up to the next Annual General Meeting of the Company.

4) Took the note on Compliance done as per LODR, Regulation 2015 for the quarter ended 31.03.2016.

Kindly take into your record.

Thanking you.

Yours Faithfully,

For Five X Finance & Investment Ltd

Prajna Naik

(Company Secretary)

E ncl: a/a

1. Audited Financial Result for 31.03.2016 along with Auditor's Report

2. Form A (Ur.modified Opinion)

27/05/2016 HTML_FIVE X_RESULT_31.03.2016.html

file:///Z:/5X%20Finance%20&%20Investment%20Ltd/Result/201516/March%202016/HTML_FIVE%20X_RESULT_31.03.2016.html 1/9

General information about company

Scrip code 536751

Name of company Five X Finance & InvestmentLtd

Result Type Main Format

Class of security Equity

Date of start of financial year 01042015

Date of end of financial year 31032016

Date of board meeting when results were approved 27052016

Date on which prior intimation of the meeting for considering financial results was informed to theexchange 17052016

Description of presentation currency INR

Level of rounding used in financial results Lakhs

Reporting Quarter Yearly

Nature of report standalone or consolidated Standalone

Whether results are audited or unaudited Audited

Segment Reporting Multi segment

Description of single segment



Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars3 monthsended (ddmmyyyy)

Previous 3months

ended (ddmmyyyy)

Corresponding 3months ended in theprevious year (dd

mmyyyy)

Year to datefigures for currentperiod ended (dd

mmyyyy)

Year to datefigures for

previous periodended (ddmm

yyyy)

Previousaccountingyear ended(ddmmyyyy)

A Date of start ofreporting period

01012016 01102015 01012015 01042015 01042014 01042014

B Date of end of reportingperiod

31032016 31122015 31032015 31032016 31032015 31032015

C Whether results areaudited or unaudited Audited Unaudited Audited Audited Audited Audited

DNature of reportstandalone orconsolidated

Standalone Standalone Standalone Standalone Standalone Standalone

Part I

1 Revenue From Operations

Net sales or Revenuefrom Operations 436.047 58.82 533.78 411.82 981.34 981.34

Other operatingrevenues 14.183 0 0 84.178 0 0

Total Revenue fromoperations (net) 450.23 58.82 533.78 495.998 981.34 981.34

2 Expenses

(a) Cost of materialsconsumed 0 0 0 0 0 0

(b) Purchases of stockintrade 428.206 115.61 488.95 364.07 708.96 708.96

(c)

Changes in inventoriesof finished goods,

workinprogress andstockintrade

145.82 223.98 61.91 115.15 414.26 414.26

(d) Employee benefitexpense 1.798 1.32 1.39 6.77 7.93 7.93

(e) Depreciation andamortisation expense 0 0 0 0 0 0

(f) Other Expenses

1 Other Expenses 1.137 3.28 1.75 9.387 8.46 8.46

2 TransportationExpenses 1.41 0 0 1.41 0 0

Total other expenses 2.547 3.28 1.75 10.797 8.46 8.46

Total expenses 286.731 112.97 554 496.787 1139.61 1139.61





Previous 3months

ended (ddmmyyyy)

Corresponding 3months ended inthe previous year(ddmmyyyy)


current periodended (ddmm

yyyy)


previous periodended (ddmm

yyyy)

Previousaccountingyear ended(ddmmyyyy)

A Date of start of reportingperiod

01012016

01102015 01012015 01042015 01042014 01042014

B Date of end of reportingperiod

31032016

31122015 31032015 31032016 31032015 31032015

C Whether results are auditedor unaudited Audited Unaudited Audited Audited Audited Audited

D Nature of reportstandalone or consolidated Standalone Standalone Standalone Standalone Standalone Standalone

Part I

3

Profit (loss) fromoperations before other

income, finance costs andexceptional items

163.499 171.79 20.22 0.789 158.27 158.27

4 Other income 0.05615 0.03 0.07 0.18676 0.07 0.07

5

Profit (loss) fromordinary activates before

finance costs andexceptional items

163.555 171.76 20.15 0.602 158.2 158.2

6 Finance costs 0.454 0 3.01 0.45395 3.01 3.01

7

Profit (loss) fromordinary activities afterfinance costs but before

exceptional items

163.101 171.76 23.16 1.056 161.21 161.21

8 Prior period items beforetax 0 0 0 0 0 0

9 Exceptional items 0 0 0 0 0 0

10Profit (loss) from

ordinary activities beforetax

163.101 171.76 23.16 1.056 161.21 161.21

11 Tax Expense 50.148 0 4.12 50.148 4.12 4.12

12Net profit (loss) from

ordinary activities aftertax

213.249 171.76 19.04 49.092 157.09 157.09

13 Extraordinary items 0 0 0 0 0 0

14Net Profit Loss for theperiod from continuing

operations213.249 171.76 19.04 49.092 157.09 157.09

15Profit (loss) fromdiscontinuing operationsbefore tax

0 0 0 0 0 0

16 Tax expense ofdiscontinuing operations 0 0 0 0 0 0

17Net profit (loss) from

discontinuing operationafter tax

0 0 0 0 0 0

18 Profit (loss) for periodbefore minority interest 213.249 171.76 19.04 49.092 157.09 157.09

21

Net Profit (loss) aftertaxes minority interest

and share of profit (loss)of associates

213.249 171.76 19.04 49.092 157.09 157.09





Previous 3months

ended (ddmmyyyy)


mmyyyy)

Year to date figuresfor current periodended (ddmm

yyyy)

Year to date figuresfor previous periodended (ddmm

yyyy)

Previousaccountingyear ended

(ddmmyyyy)

A Date of start ofreporting period

01012016 01102015 01012015 01042015 01042014 01042014

B Date of end ofreporting period

31032016 31122015 31032015 31032016 31032015 31032015

CWhether resultsare audited or

unauditedAudited Unaudited Audited Audited Audited Audited

DNature of reportstandalone orconsolidated


Part I

22 Details of equity share capital

Paidup equityshare capital 2055.44 2055.44 2055.44 2055.44 2055.44 2055.44

Face value ofequity sharecapital

10 10 10 10 10 10

23 Details of debt securities

24

Reservesexcludingrevaluationreserve

54.497 54.497 54.497 54.497 54.497 54.497

26 Earnings per share

i

Earnings pershare beforeextraordinaryitems

Basic earningsper share beforeextraordinaryitems

0.421 0.84 0.09 0.239 0.76 0.76

Diluted earningsper share beforeextraordinaryitems

0.421 0.84 0.09 0.239 0.76 0.76

ii Earnings per share after extraordinary items

Basic earningsper share afterextraordinaryitems

0.421 0.84 0.09 0.239 0.76 0.76

Diluted earningsper share afterextraordinaryitems

0.421 0.84 0.09 0.239 0.76 0.76

30Disclosure ofnotes onfinancial results

Textual Information(1)



Text Block

Textual Information(1)

1. The above Financial Results for the quarter and year ended 31st March, 2016 have been reviewedby the Audit Committee and approved by the Board of Directors at its Meeting held on 27th May,2016 and Audited by the Statutory Auditors. 2. The figure for the previous quarter/year have been regrouped/ reclassified / restated wherevernecessary. 3. Investor Complaint for the Quarter Ended 31/03/2016. Opening 0, Received 0, Resolved 0,Closing 0. 4. This Result is available on our Website www.fivexfinance.com 5. The Company operates in two Business Segment i.e. Trading Business and Finance BusinessActivities. Business segment has been identified as separable primary segment in accordance withAccounting Standard 17 'Segment Reporting' as prescribed under Companies (AccountingStandards) Rules, 2006, taking into Account the organizational and internal reporting structure aswell as evaluation of risk and return of these segments.



Statement of Asset and Liabilities

Particulars Current year ended (ddmmyyyy)

Previous year ended (ddmmyyyy)

Date of start of reporting period 01042015 01042014

Date of end of reporting period 31032016 31032015

Whether results are audited or unaudited Audited Audited

Nature of report standalone or consolidated Standalone Standalone

Equity and liabilities

1 Shareholders' funds

Share capital 2055.44 2055.44

Reserves and surplus 103.589 54.497

Money received against share warrants

Total shareholders' funds 2159.029 2109.937

2 Share application money pending allotment 0 0

3 Deferred government grants

5 Noncurrent liabilities

Longterm borrowings 0 0

Deferred tax liabilities (net)

Foreign currency monetary item translation difference liabilityaccount

Other longterm liabilities

Longterm provisions 0 0

Total noncurrent liabilities 0 0

6 Current liabilities

Shortterm borrowings 0 0

Trade payables 0.673 208.928

Other current liabilities 4.033 0.358

Shortterm provisions 0 0.05

Total current liabilities 4.706 209.336

Total equity and liabilities 2163.735 2319.273

Assets

1 Noncurrent assets

(i) Fixed assets

Tangible assets 0.15 0.215

Producing properties

Intangible assets 0 0

Preproducing properties

Tangible assets capital workinprogress

Intangible assets under development or workinprogress

Total fixed assets 0.15 0.215



Statement of Asset and Liabilities

Particulars Current year ended (ddmmyyyy)

Previous year ended (ddmmyyyy)

Date of start of reporting period 01042015 01042014

Date of end of reporting period 31032016 31032015

Whether results are audited or unaudited Audited Audited

Nature of report standalone or consolidated Standalone Standalone

(ii) Noncurrent investments 300.497 300.497

(v) Deferred tax assets (net) 53.837 3.688

(vi) Foreign currency monetary item translation difference assetaccount

(vii) Longterm loans and advances 0 16

(viii) Other noncurrent assets

Total noncurrent assets 354.484 320.4

Current assets

Current investments 0 0

Inventories 571.141 686.292

Trade receivables 39 215.605

Cash and bank balances 26.469 18.492

Shortterm loans and advances 1172.641 1078.484

Other current assets

Total current assets 1809.251 1998.873

Total assets 2163.735 2319.273

Disclosure of notes on assets and liabilities



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


Previous 3months

ended (ddmmyyyy)


mmyyyy)

Year to date figuresfor current periodended (ddmm

yyyy)

Year to date figuresfor previous periodended (ddmm

yyyy)

Previousaccountingyear ended

(ddmmyyyy)

Date of start ofreporting period

01012016 01102015 01012015 01042015 01042014 01042014

Date of end of reportingperiod

31032016 31122015 31032015 31032016 31032015 31032015

Whether accounts areaudited or unaudited Audited Unaudited Audited Audited Audited Audited

Nature of reportstandalone orconsolidated


1 Segment Revenue (Income)

(net sale/income from each segment should be disclosed)

1 Textile Business 402.047 117.82 497.61 284.222 497.61 497.61

2 Finance Business 48.271 59 36.16 211.775 483.73 483.73

Total SegmentRevenue 450.318 58.82 533.77 495.997 981.34 981.34

Less: Inter segmentrevenue 0 0 0 0 0 0

Revenue fromOperations 450.318 58.82 533.77 495.997 981.34 981.34

2 Segment Result

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

1 Textile Business 0.43 2.22 7.4 1.789 7.4 7.4

2 Finance Business 166.092 164.98 24.49 17.156 149.28 149.28

Total Profit beforetax 166.522 167.2 17.09 15.367 141.88 141.88

i. Finance cost 0.454 0 0 0.454 3 3

ii. OtherUnallocable

Expenditure net offUnallocable income

3.436 4.56 6.07 15.969 16.32 16.32

Profit before tax 162.632 171.76 23.16 1.056 161.2 161.2

3 Capital Employed

(Segment Asset Segment Liabilities)

1 Textile Business 0 0 6.68 0 6.68 6.68

2 Finance Business 2163.029 1945.79 2103.27 2163.029 2103.27 2103.27

Total CapitalEmployed 2163.029 1945.79 2109.95 2163.029 2109.95 2109.95

Disclosure of noteson segments



Form A (for audit report with unmodified opinion)

1 Name of the Company M/s Five X Finance & Investment Limited

2 Annual financial statements for the year

ended

31 st March, 2016

3 Type of Audit observation Unqualified

4 Frequency of observation Not applicable

5 To be signed by-

• Amit Gulecha

(Managing Director)

• Vinod Prabhu

(CFO)

• Pravin Chandak & Associates

CA Pravin Chandak

(Auditor of the Company)

• Swati Shinde

(Audit Committee Chairman)

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Chartered Accountants

Auditor's report on Quarterly Financial Result and year to date Result of Five X

Finance & Investment Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.

We have audited the accompanying statement of Standalone Financial Results of FIVE X FINANCE & INVESTMENT LIMITED ("the company") for the twelve months ended March 31,2016 ("the statement"), being submitted by the company pursuant to the requirement of Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.This statement, which is the responsibility of Company's Management and approved by Board Of Directors, have been prepared on the basis of the related financial statements which is in accordance with the Accounting Standards specified under section 133 of the Companies Act,2013,read with Rule 7 of the Companies(accounts) rules,2014 and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement.

1. We conducted our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentations of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

2. In our opinion and to the best of our information and according to the explanations given to us, the Statement: xi. is presented in accordance with the requirements of Regulation 33 of the

SEBI(Listing Obligations andDisclosures Requirements)Regulations,2015;and ;.)/A

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403, 4th Floor, New Swapnalok CHS Ltd., Natakwala Lane, Borivali (West),

Mumbai - 400 092. Tel : 2801 6119 Email : [email protected]

Website : www.pravinca.com

ii. gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the fifteen months ended March 31,2016.

3. The Statement includes the results for the Quarter ended March 31,2016 being the balancing figure between audited figures in respect of full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Pravin Chandak and Associates Chartered Accountants (Registration No. — 116627W)

Pravin Chandak Partner Membership No. 049391

Mumbai 27th May, 2016

Documents

Five X Finance & Investment Ltd. CIN: …...Five X Finance & Investment Ltd. CIN: L65910MH2010PLC201249 Regd. Off: 305, Krishna - A, ... Description of presentation currency INR Level