GLOBUS CORPOORATION LIMITED(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

Date: 24.05.2016

To,The Dy, General Manager,Bombay Stock Exchange Ltd,Corporate Relationship Dept.,PhirozeJeejeebhoy Towers,Dalal Street,Mumbai - 400 001.

Sir,

Sub: Outcome of the Board Meeting held on 24thMay, 2016.

Ref: Globus CorpoorationLimited (Code No. 531904)

In the meeting of the Board of Directors held on 24thMay 2016, Board discussed and approvedthe following:

1. Adoption of Audited Financial results for the quarter and year ended 31stMarch,2016.

2. Adoption of Audited Financial Results for the year ended 31st March, 2016.3. Auditor's Report on Quarterly Financial Results and Year to Date Results

31.03.2016 of the Company Pursuant to the Regulation 33 of the ListingAgreement.

4. Acceptance of resignation of Mr. Vikram Shah Independent Director of thecompany.

Kindly take the same on record.

Thanking You,

Yours FaithfullyFor Globus Corpooration Limited

Dr. Mahendra ShahMg.DirectorDin NO.01650375

Encl: As above

CC:To,National Stock Exchange of India Ltd.

Registered Office: 102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co

Works: 102A, S. V. Co-op., Industrial Estate, IDA Ballaram. Jinnaram (M). Medak. Dist. A. P. Pin: 502325. Ph.: 09394204555

GLOBUS CORPOORATION LIMITED(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

PART-I (Rs. In Lacs)

Previous yearended

31.03.2015

Registered Office: 102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co

STATEMENT OF AUDITED RESULT FOR THE QUARTER ENDED 31.03.2016Quarter ended Year ended

Current yearended

31.03.2016

Corresponding 3Months ended31.03.2015 in theprevious year

Works: 102A, S. V. Co-op., Industrial Estate, IDA Ballararn. Jinnaram (M), Medak, Dist. A. P. Pin: 502 325. Ph.: 09394204555

Preceding 3Months ended31.12.2015

Particulars3 Monthsended

31.03.2016

Audited Reviewed Audited Audited Audited

1(a)

0.00 0.00 3.33 0.00 15.30

(b) 0.00 0.00 0.00 0.00 0.00

Total income from operations (net) 0.00 0.00 3.33 0.00 15.30

2 Expenses(a) Cost of materials consumed 0.00 0.00 0.00 0.00 0.00

(b) Purchases of stock-in-trade 0.00 0.00 0.00 0.00 1.16

(c) Changes in inventories of finished goods,work-in-progress and stock- in- trade 0.00 0.00 3.62 0.00 13.85

(d) Employee benefits expense 5.31 8.47 3.50 28.49 33.09(e) Depreciation and amortisation

28.99 0.00 29.61 28.99ex ense Refer note

29.61

(f» Other expenses(Any item exceeding10% of the total expenses relating to 13.73 4.69 10.21 30.05 309.72continuing operations to be shown

Total Expenses 48.03 13.16 46.94 87.53 387.43

3 Profit / (Loss) from operations beforeother income, finance costs and -48.03 -13.16 -43.61 -87.53 -372.13

4 15.05 0.00 0.23 15.06 0.645

-32.98 -13.16 -43.38 -72.47 -371.49

6 0.03 0.00 0,01 0.03 6.127

-33.01 -13.16 -43.39 -72.50 -377.61

8 Exceptional items 0.00 0.00 0.00 0.00 0.009 Profit / (Loss) from ordinary activities

before tax 7-8-33.01 -13.16 -43.39 -72.50 -377.61

10 Tax Expense - Current Tax 0.00 0.00 0.00 0.00 0.0011 ~ Net Profit / (Loss) from ordinary activities

after tax 9-10(33.01) (13.16) (43.39) (72.50) (377.61)

12 Extraordinary items (net of tax expense) 0.00 0.00 0.00 0.00 0.00

13 Net Profit / (Loss) for the period (11 - 12) -33.01 -13.16 -43.39 -72.50 -377.61

141277.18 1277.18 1274.48 1277.18 1274.82

15 Reserves excluding Revaluation Reservesas per balance sheet of previous 0.00 0.00 0.00 0.00 0.00a c n in

G GLOBUS CORPOORATION LIMITED(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

16 t Earnings per share (before extraordinaryitems) of Rs. 2/-each (not annualised): Rs.

(a) Basic

(b) Diluted

-0.05-0.05

-0.02 -0.07 -0.11-0.11

-0.59-0.59-0.02 -0.07

16 Earnings per share (after extraordinaryitems) of Rs. 2/-each(not annualised): Rs.

(a) Basic

(b) Diluted

-0.05-0.05

-0.Q2 -0.Q7 -0.11-0.11

-0.59-0.59

See accom an ing notes to the financial results

-0.07-0.02

Quarter ended VearendedIRS. In Lacs)

Particulars3 Months

ended31.03.2016

Preceding 3Months ended

31.12.2015

Corresponding 3Months ended

31.03.2015 in the

Current yearended

31.03.2016

Previous yearended

31.03.2015... -.Audited Reviewed Audited Audited Audited

A PARTICULARS OF SHAREHOLDING1 Public Shareholdin

Number of Shares 53324325 53324325 55492325 53324325 55492325Percentage of Shareholding 83.50 83.50 86.90 83.50 86.90

2

Nil Nil Nil Nil Nil

Nil Nil Nil Nil Nil

Nil Nil Nil Nil Nil

Nil Nil Nil Nil Nil

b)10534675 10534675 8366675 10534675 8366675

100.00% 100.00% 100.00% 100.00% 100.00%

16.50% 16.50% 13.10% 16.50% 13.10%

3 months ended 31.03.2016B

uarter NilNilNil

Nil

Fo<Gl~TO

Mg. Director / Director

Registered Office: 102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co

Works: 102A, S V. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. A. P. Pin: 502 325. Ph.: 09394204555

G GLOBUS CORPOORATION LIMITED(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

Reporting of Segment wise Revenue, Results and Capital Employed, under Regulotlon 33of the listing Agreement

(Rs. In Lacs)

Particulars

1 Segment Revenue

Quarter ended Year ended Year Ended

3 Monthsended

31.03.2016

Preceding 3Monthsended

31.12.2015

Corresponding3 Months

ended31.03.2015 inthe previous

Current yearended

31.03.2016

Previous yearended

31.03.2015

Audited Reviewed Audited Audited Audited

a Manufacturin. b Trading

0.000.00

0.000.00

0.003.33

0.000.00

0.0015.30

c Un-allocatedTotal 0.00 0.00 3.33 0.00 15.30

Less:Inter segment revenue 0.00 0.00 0.00 0.00 0.00

Net sales/ Income From 0 erations 0.00 0.00 3.33 0.00 15.30

2 Segment Results(Profit (+)/Loss(-) before tax andinterest from each segment

a Manufacturing -28.99 0.00 -32.93 -28.99 -50.96-19.04 -13.16 -10.45 -58.53 -320.53

-48.03 -13.16 -43.38 87.52 -371.49

-0.02 0.00 -0.01 -0.03 0.00

0.00 0.00 0.00 0.00 0.00

15.05 0.00 0.00 15.05 0.44

-33.01 -13.16 -43.39 -72.50 -371.05

b Trading

Total

Less:i) Interest

ii)Other unallocable expenditure

Add: iii) Un-allocable income

Total Profit l(Loss) Before Tax

3 Capital Employed(Segment assets-segment Liabilities)

a Manufacturin -85.24 -201.16 (86.20) 85.24) (86.20)b Trading -26.72 114.19 44.38 (26.72) 44.38

c Un-a lIocatedTotal

0.00-111.96

5.66-81.31 -41.82

0.00-111.96

0.00-41.82

Notes:1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at

their meeting held on 24th May, 2016.2. The Company hasTwo Segment as per Accounting Standard - 17 of ICAI.

3. During the period call in arrrears of Rs.2,36,250/- on 1,57,500 Equity sharesof Rs.2/- each (Partly Paid-up forRs.0.50/- each) has been received, and accordingly total 63859000 equity sharesof Rs.2/- each stands fullypaid-Up ason 31.12.2015.

4. Previous periods figures have been regrouped, where ever required.5 Depreciation in the FixedAssets are provided at the year end, asthe manufacturing activity was closed

during the year.6. Unallocable income of Rs.15,03,812/- consists of excessprovision of electricity expensesmade in earlier year,

now no longer payable hence shown as income.

Place: MumbaiDate: 24.05.2016

Dr. Mahendra ShahMg. Director

Registered Office: 102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.Ph.: 022-2387 3609 Fax: 022-2387 3609 Emall: mumbal@globuscorp.co

v. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. A. P. Pin: 502325. Ph.: 09394204555Works: 102A, S.

G GLOBUS CORPOORATION LIMITED(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 2016(Rs.in lacs)

PARTICULARS As at 31.03.2016 As at 31.03.2015Audited Audited

RS.A EQUITY AND LIABILITIES

1. SHAREHOLDER'S FUND1.1 Share Capital 1,277.18 1,274.821.2 Reserves & Surplus (1,174.13) -1,101.63

Sub Total 103.05 173.19

2. NON CURRENT LIABILITIES2.1 Long Term Borrowings 360.10 360.102.2 Other Long Liabilities 72.21 25.44

Sub Total 432.31 385.54

3. CU~RENT LIABILITIES3.1 Trade Payables 8.57 41.333.2 Short Term Provisions 19.10 34.79

Sub Total 27.67 76.12

TOTAL EQUITY AND LIABILITIES 563.03 634.85

B ASSETS5. NON CUREENT ASSETS5.1 Fixed Assets5.1.1 Tangible Assets 171.26 197.095.2 Non Current Investments 0.16 0.165.3 Deferred Tax Assets (Net) 215.01 215.01

Sub Total 386.43 412.26

6. CURRENT ASSETS6.1 Inventories - -6.2 Trade Receivables 121.74 148.046.3 Cash and Cash Equivalents 1.31 3.356.4 Short Term Loans & Advances 53.55 71.20

Sub Total 176.60 222.59

TOTAL ASSETS 563.03 634.85

. A P P . 502 325 Ph . 09394204555Work$.: 102A, S. V. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. . . In. ."

Re istered Office: 102, Sanjay Chambers, Choubal Lane, Opera ~ouse, Mumbai - 400 004.9 Ph.: 022-2387 3609 Fax: 022-2387 3609 Ematl : mumbal@globuscorp.co

F;~ Regd. No. , 11S17SW (~-J Sandip V. DoshiEmail: sandipdoshi99@yahoo.co.in

.w.e.bs.it.e.:www_ •. s.a.nd.iP.v.do.s.h.ia.no.c.o .•co.m__ SANDIPV.DOSHI & CO. .M.: .+9.1.~.·~.~~_O_·8.~.~O_·~9CHARTERED ACCOUNTANTS

Auditor's Report on Quarterly Financial Results and Year to Date Results of theCompany Pursuant to the Clause 410f the Listing Agreement.

To,THE BOARD OF DIRECTORSOFGLOBUS CORPOORATION LIMITED.

We have reviewed the quarterly financial results of Globus Corpooration Limited (formerly known as

Karuna Cables Limited) for the quarter ended 31st March,2016 and audited the year to- date financial

results for the year from 1stApril 2015 to 31st March, 2016, attached herewith being submitted by the

company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the disclosures

regarding 'Public Shareholding' and 'promoter and Promoter Group Shareholding' which have been

traced from disclosures made by the management and have not been audited by us. The financial

results for the quarter ended 31st March 2016 have been prepared on the basis of the financial results

for the quarter ended 31st December 2015, audited annual financial statements as at and for the year

ended 31st March 2016, and the relevant requirement of Clause 41 of the Listing Agreement and are the

responsibility of the company's management and have been approved by the Board of Directors on 24thMay 2016. Our responsibility is to express an opinion on these financial results based on our review of

the financial results for the quarter ended 31st December 2015, which was prepared in accordance with

the recognition and measurement principles laid down in Accounting Standard (AS) 25, Interim Financial

Reporting, issued pursuant to the Companies (Accounting Standards) Rules, 2006 as per Section 211(3C)

of the Companies Act,1956, and other accounting principles generally accepted in india, and our audit of

the annual financial statements as at and for the year ended 31st March, 2016 and the relevantrequirements of Clause 41 of the Listing Agreement.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those

standards require that we plan and perform the audit to obtain reasonable assurance about whether

the financial results are free of material misstatement(s). an audit includes examining, on a test basis,

evidence supporting the amounts disclosed as financial results. An audit also includes assessing the

accounting principles used and significant estimates made by management. We believe that out audit

provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these

quarterly financial results as well as the year to date results.

(i) Are presented in accordance with the requirement of Clause 41 of the ListingAgreement in this regard; and

Kandivali Off. : G -1, Jyoti Plaza, '{:\ wing,Gr. Floor, S.v.Road, Kandivali (West),Mumbai - 400 067.• M. : +91-9930280054

Mumbai Off. : Off. No. 23, 3rd floor, 241-243,Maharaja Bldg.,Opp. St. Teresa Church, Girgam,Mumbai - 400 004.• Tel. : +91- 22- 2380 4002

_SANDIP V. DOSHI & CO.CHARTERED ACCOUNTANTS CONTINUATION

(ii) Give a true and fair view of the net profit/loss and other financial information for thequarter ended 31st March 2016 as well as the year to date results for the year from 1st

April 2015 to 31st March 2016.

We further report that the figures for the quarter ended 31st March 2016 represent the derived figures

between the audited figures in respect of the current year full financial year ended sr' March 2016 and

the published year-to-date figures up to 31st December 2015, being the date of the end of the third

quarter of the current financial year, which were subjected to a limited review as stated in paragraph

above, as required under Clause 41(1) (d) of the Listing Agreement.

FORSANDIP V. DOSHI & CO.Chartered Accountant

~Y.~.

(SANDIP V. DOSHI)Proprietor M. No.: 048949

Place: MumbaiDate : 24thMay, 2016