THE ECONOMIC TIMES I AHMEDABAD I TUESDAY I 11 FEBRUARY 2020 I WWW.ECONOMICTIMES.COM

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Date: February 06,.2020 Place: Bhavnagar

Nikhil Gupta Managing Director

DIN:- 01069514

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JMC Projects (India) -Limited (A Kalpataru Group Enterprise) CIN: L45200GJ1986PLC00~717

, Ftegd. Office: Ac 104, Shapath 4, Opp. Karnavati Club, S. G. Road, Ahmedabad 380015. Phone: +91 79 30011500, Fax: +91 79 30011700, Email: cs@jmcprojects.com, Website: www.jmcprojects.com

EXTRACT OF STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31,2019

' ~in Lakhs)

Standalone Consolidated

Sr. Particulars Quarter ended Nine months ended Year ended Quarter ended· Nine months ended Year ended

No. (Unaudited) (Unaudited) '{Audited) (Unaudited) (Unaudited) (Audited)

., 31/12/2019 30/09/2019 31/12/2018 31/12/2019 31/12/2018 ' 31/0at201,9 31/12/2019 30/09/2019 31/12/2018 31/12/2019 31/12/2018 31103/2019

1 Total Income from operations (net) 93,424 95,059 89,981 279,356 233,415 327,765 97,196 98,557 93,946 . 290,939 244,570 343,356

2 Net Profit for the period (before tax and exceptional item) 4,846 5,187 5,062 14,869 12,471 18,852 3,052 3,516 3,706 10,322 8,113 13,589

3 Net Profit for the period before tax (after ex~eptional item) 4,846 5,187 5,062 14,869 12,471 18,852 2,616 2,703 3,220 8,494 6,650 11,539

4 Net Profit for the period after, tax and exceptional item 3,870 3,912 3,677 11,334 9,343 14,213 2,091 1,444 2,039 5,596 4,141 7,664

5 Total Comprehensive Income for the period [Comprising Profit for

the period (after tax) and Other Comprehensive Income (after tax)) 4,617 3,543 3,462 11,582 9,762 \ 14,733 2,838 1,075 1,824 5,844 . 4,560 8,184

6 Equity Share Gapital {face value ~ 21- per share) 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,~58 3,358 3,358

7 Other Equity (excluding Revaluation Reserve) 88;970 53,631

8 Earnings Per Share (of ~ 2/- each) (not annualised) . (a) Basic: 2.31 2.33 2.19 6.75 5.57 8.47 1.26 0.86 1.21 3.33 2.47 4.56

(b) Diluted: 2.31 2.33 2.19 . 6.75 5.57 8.47 1.26 0.86 1.21 3.33 2.47 4.56 '

Notes: 1 The above is ah extract of the detailed format of standalone and consolidated unaudited financial results for the quarter and nine months ended December 31 , 2019 filed with stock exchanges under regulation 33 of the SEBI (Listing Obligations

ftU rea ta S min min wee do sec witl the

pro w be ·

and Disclosure Requirements) Regulations, 2015. The full format of standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2019 are available on stock exchange websites lwww.bseindia.com .... I www.nseindia.com) as well as on Company's website www.imcprojects.com.

2 . The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 1 0, 2020. The Statutory Auditors have expressed unqualified review opinion. 3 Financial results for all the period presented have been prepared in accordance with the recognition and measurement principles of lnd AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. 4 Effective April1, 2019, the Company has adopted lnd AS 116 - Leases and applied it to all lease contracts existing on April1, 2019 using the modified retrospective method a[ld the impact to retained earnings is amounted to INR 149:79 lakhs.

Accordingly, the comparatives have not been retrospectively adjusted. On transition, the adoption of the new standard resulted in recognition of Right-of-Use asset (ROU) .of INR 2,271.20 lakhs and the corresponding lease liability of INR 2,420.99 lakhs. The effect of this adoption on the profit for the quarter and nine months and earning per share has not been-significant. ·

5 During the quarter and nine months ended, the Company had issued and allotted 1 ,000 (1 0.55%) Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 1,000,000/- (Rupees Ten Lakh Only) each, for an aggregate nominal value of Rs. 1 ,000,000,000/- (Rupees One Hundred Crores Only) on private placement basis. The said NCDs are listed on the Wholesale Debt Market segment of BSE Limited.

,6 A new section '115BAA was inserted in the lnqome Tax Act, 1961, by the Government of India on September 20, 2019 vide the Taxation Lav.ts (Amendment) Ordinance 2019 which provides an option to companies for paying income tax at reduced rates in accordance with the provisions/conditions defined in the said section. The Group is In the process of evaluating the impact of this ordinance and has continued to apply the original provisions as at December 31, 2019.

7 The consolidated unaudited financial results for the quarter and nine months ended December 31, 2018 were not subjected to 'limited review' by the Statutory .tuditors of the Company and are prepared by the management. 8 Previous period figures have been regrouped wherever necessary.

Date : February 10, 2020 Place: Mumbai

For and on behalf of the Board of Directors For JMC Projects (India) Limited

Shailendra Kumar Tripathi CEO & Dy. Managing Director

DIN: 03156123 -

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JMC PrQjects (India) Limited (A Kalpataru Group Enterprise)

, CIN: L45200GJ19e6PLC008717 , Regd. Office: A-1 04, Shapath 4, Opp. Karnavati Club, S. G. Road, Ahmedabad 380015 .

Phone: +91 79 30011500, Fax: +91 79 30011700, Email: cs@jmcprojects.com, Website: www.jmcprojects.com

EXTRACT OF STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2019 ~in Lakhs)

Standalone Consolidated

Sr. Particulars Quarter ended Nine months ended Year ended Quarter ended Nine months ended Year ended No • \ (Unaudited) (Unaudited) (Audited) (Unau~ (Unauc:Jited) (Audited)

31/12/2019 30109/2019 31/1212018 31/12/2019 31/12/2018 31/03/2019 31/12/2019 30/09/2019 31/12/2018 31/12/2019 31/12/2018 31/03/2019

l Total Income from operations (net) 93,424 95,059 89,981 279,356 233,415 327,765 97,196 98,557 93,946 290,939 244,570 343,356 2 Net Profit for the period (before tax and exceptional item) 4,846 5,187 5,062 14

1,869 12,471 18,852 3,052 3,516 3,706 10,322 8,113 13,589

3 Net Profit for the period before tax (after exceptional item) 4,846 5,187 . 5,062 14,869 12,471 18,852 2,616 2,703 3,220 8,494 6,650 11,539 4 Net Profit for the period after tax and exceptional item 3,870 3,912 3,677 11,334 9,343 14,213 2,091 1,444' 2,039 5,596 4,141 7,664 5 Total Comprehensive Income for the period [Comprising Profit for

the period (after tax) and Other Comprehensive Income (after tax)] 4,617 3,543 3,462 11,582 9,762 14,733 2,838 1,075 1,824 5,844 4,560 8,184 6 Equity Share Gapital (face value~ 21- per share) ' 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,35!! 3,358 7 Other Equity (excluding Revaluation Reserve) 88,970 53,631 8 Earnings Per Share (of~ 21- each) (not annualised)

(a) Basic : 2.31 2.33 2.19 6.75 5.57 8.47 1.26 0.86 1.21 3.33 2.47 4.56 (b) Diluted: 2.31 2.33 2.19 6.75 5.57 8.47 • 1.26 0.86 1.21 3.33 2.47 4.56

Notes: 1 The above is an extract of the detailed format of standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2019 filed with stock exchanges under regula~on 33 of the SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015. The full format of standalone and consolidated unaudited financial results for the quarter and nine months ended December 31 , 2019 are available on stock exchange websites (Www.bseindia.com I www.nsejndja.com) as well as on Compa~y's website wwwJmcprojects.com. .

2 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 10, 2020. The Statutory Auditors have expressed unqualified review opinion . • 3 Rnancial results for all the period presented have been prepared in accordance with the recognition and measurement principles of lnd AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from ti.me to time . 4 Effective April1 , 2019, the Company has adopted lnd AS 116 - Leases and applied it to all lease contracts existing on April1, 2019 using the modified retrospective method and the impact to retained earnings is amounted to INR 149.79 lakhs .

Accordingly, the comparatives have not been retrospectively adjusted. On transition, the adoption of the new standard resulted in recognition of Right-of-Use asset (ROU) of INR 2,271 .20 lakhs and the corresponding lease liability of INR 2,420.99 lakhs. The effect of this adoption on the profit for the quarter and nine months and earning per share has not been significant.

5 During the quarter and nine months ended, the Company had issued and allotted 1 ,QOO (1 0.55%) Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 1,000,000/- (Rupees Ten Lakh Only) each, far an aggregate nominal value of Rs. 1,000,000,000/- (Rupees One Hundred Crores Only) on private placement basis. The said NCDs are listed on the Wholesale Dept Market segment of BSE Limited .

6 A new section 115BAA was inserted in the Income Tax ACt, 1961, by the Government of India on. September 20, 2019 vide the Taxation Laws (Amendment) Ordinance 2019 which provides an option to companies for paying income tax at reduced rates in accordance with the provisions/conditions defined in the said section. The Group is in the process of evaluating the impact of this ordinance ·and has continued to apply the original provisions as at December 31, 2019 .

7 The consolidated unaudited financial results for the quarter and nine months ended December 31, 2018 were not subjected to 'limited review' by the Statutory Auditors of the Company and are prepared by the management. 8 Previous period figures have been regrouped wherever necessary .

Date : February 10, 2020 Place : Mumbai

(

For and on behalf of the Board of Directors For JMC Projects (India) Limited

Shailendra Kumar Tripathi CEO II, Dy. Managing Director

DIN: 03156123