Financial Results, Limited Review Report For December 31, 2015 (Result)
Financial Results, Limited Review Report For December 31, 2015 (Result)
Financial Results, Limited Review Report For December 31, 2015 (Result)
Growth Unlimited
Date: 13.02.2016
To,
Corporate Relations Department.
BSE Limited,
PJ Towers, Dalal Street,
Fort, Murnbai - 400001
Fax: +91 - 22- 22722037/39/41
+91 2222723121/3719/1557
Dear Sir,
*******
With reference to the above mentioned SUbject, please note that the Board of directors
their just concluded Board meeting have inter-alia transacted the following business:
Financial
ended
in
31.12.2015.
2. Taken Note of the Limited Review Report for the Un Audited Financial Results for
the Quarter ended 31.12.2015. Enclosed
3. Reappointed Sri. S. Kishore Babu as Chairman and Managing Director for a period of
5 years from 1st April, 2016.
4.
director.
5. Approved and adopted the Policy for Preservation of Documents as per Regulation 9
of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations. 2015.
6. Approved and adopted the Archival Policy of the Company as per Regulation 30(8)
Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure
Requirements) Regulations, 2015
LIMI
M45709101N
Phone : 040-30444444
Fax:
040-30444400
E-mail: info@powermech.net
Website: www.powermechprojects.in
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SAFETYFIIIST
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POWER MECH'
Growth Unlimited
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M4570910lN
AN 1509001,15014001
LIMITED
Phone : 040-30444444
Fax:
040-30444400
E-mail: info@powermech.net
Website: www.powermechprojects.in
SAFETY fiR)[
Quarter ended
Particulars
SI.No
Part I
1
a
b
2
(a)
(b)
(c)
(d)
(e)
(f)
3
4
5
6
7
8
9
10
11
12
13
14
Year ended
31.12.2015
30.09.2015
31.12.2014
31.12.2015
31.12.2014
31.03.2015
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
35,475.53
4.15
35,479.68
31,705.82
13.04
31,718.85
32,275.83
19.30
32,295.13
97,319.96
42.22
97,362.18
98,537.10
112.74
98,649.84
1,35,438.00
122.77
1,35,560.77
1,786.92
2,084.64
1,878.43
5,972.40
5,668.82
7,481.46
317.50
22,700.44
2,935.03
1,002.18
519.15
29,352.73
51.78
66,863.88
9,282.85
2,758.71
2,088.21
87,017.82
(102.90)
70,542.17
8,853.03
2,799.19
1,302.52
89,062.83
75.79
97,711.35
11,758.71
3,663.99
2,012.79
1,22,704.08 .
(16.55)
22,104.38
2,641.90
898.10
613.21
28,325.67
28.42
24,170.62
3,820.12
943.99
871.67
31,621.75
....
3,857.93
143.86
3,393.18
132.47
2,942.40
162.24
10,344.36
406.97
9,587.01
477.71
12,856.69
591.32
4,001.79
815.27
3,525.65
787.85
3,104.64
733.16
10,751.32
2,378.26
10,064.72
2,085.98
13,448.01
2,924.01
2,737.80
2,371.48
8,373.06
7;978.75
10,524.00
3,186.52
."
3,186.52
1,150.98
2,035.54
2,737.80
929.20
1,808.60
2,035.54
1,471.08
2,371.48
824.86
1,546.62
8,373.06
2,924.51
5,448.56
7,978.75
2,678.33
5,300.42
10,524.00
3,453.55
7,070.45
1,808.60
1,546.62
5,448.56
5,300.42
7,070.45
1,471.08
1,258.28
1,471.08
1,258.28
1,258.28
34,135.58
14.71
14.71
13.02
13.02
12.51
12.62
39.36
39.36
42.87
42.92
56.94
56.94
Notes:
The above results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors at their meeting held on 13th
February, 2016.The Statutory Auditors have carried out limited review of the said results.
2
The Company completed its Initial Public Offering (IPO)pursuant to which 42,69,000 number of equity shares of Rs.10/- each were issued at a price of Rs.640/equity share consisting of a fresh issue of 21,28,000 equity shares by the company and offer for saleof 21,41,000 equity shares by selling shareholders. The equity
shares of company were listed on 26.08.2015 in BSE& NSE.
The details of utilization of IPOproceeds are as under
Particulars
For funding working capital requirements
General corporate purposes
Issuerelated expenses
(Rs in Lokhs)
Amount
funded from
10500
2164
955
Utilization up
to 31.12.2015
10500
2164
955
The company operates only in one segment i.e construction activities. This, in the context of AS-17"Segment reporting" is considered to constitute one single primary
segment. The company carried out overseasoperations and they do not qualify as reportable segment as operations does not exceedthe threshold limit of 10%
specified in paragraph nO.27of AS-17.
The Statement is as per Regulation 33 of the SEBI(Listing Obligations and DisclosureRequirements) Regulations,2015.
Date: 13.02.2016
Place: Hydearabad
BRAHMAVYA
& CO
Chartered Accountants
LIMITED REVIEW REPORT OF THE UNAUDITED FINANCIAL RESULTSOF
POWER MECH PROJECTSLIMITED
Review Report to:
The Board of Directors
POWER MECH PROJECTSLIMITED
1)
2)
We conducted our review in accordance with the Standard on Review Engagement (SRE)
2410, "Review of Interim Financial Information performed by the Independent Auditor of the
Entity" issued by the Institute of Chartered Accountants of India. This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the financial
statements are 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 opinion.
3)
Based on our review conducted as above, nothing has come to our attention that causes us
to believe that the accompanying statement of unaudited financial results prepared in
accordance with applicable accounting Standards and other recognized accounting practices
and policies has not disclosed the information required to be disclosed in terms of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 including the manner in which it is to be disclosed, or that it contains any material
misstatement.
D.No.33-25 33/B, Govindarajulunaidu Street, Suryaraopet, Vijayawada - 520002, Andhra Pradesh, India
Phones: (91-866) 2444593, 2444594 - Fax: 2444592. Grams:AUDITRICSE-MAIL:vrthota@yahoo.com