Balrampur Chini Mills : Outcome of the Board Meeting (Unaudited Financial Results for the quarter and year ended 30th June, 2017 and Interim Dividend).

BALRAMPUR CHINI MILLS LIMITED

REGD. OFF. : "FMC FORTUNA" 2ND FLOOR, 234/3A, A. J. C. BOSE ROAD, KOLKATA - 700 020 PHONE : [phone] FAX : [phone] I 22808874 GRAM : BALSUCO, CALCUTIA

Email : [e-mail] • Internet Website http : / / www.chini.com • CIN - L15421WB1975PLC030118

31st July, 2017

National Stock Exchange of India Limited Listing Deptt., Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E) Mumbai- 400051	BSE Limited The Corporate Relationship Department 1st Floor, New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai- 400001	The Calcutta Stock Exchange Limited 7, Lyons Range, Kolkata - 700 001
Scrip Code: BALRAMCHIN	Scrip Code: 500038	Scrip Code: 12012

Dear Sir/ Madam ,

Sub: Outcome of the Board Meeting

We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. 31st July, 2017, has inter-alia,

1. Considered and approved (Standalone) Unaudited Financial Results of the Company for the quarter ended 30th June, 2017;

In this regard, we are enclosing herewith the Standalone Unaudited Financial Results of the Company for the quarter ended 30th June, 2017 along with the Limited Review Report issued by M/s G. P. Agrawal & Co., Chartered Accountants, Statutory Auditors of the Company.

1. Declared an Interim Dividend of 250% i.e. Rs. 2.50 per equity share of Re. 1/- each of the Company for the Financial Year 2017-18 and the same shall be paid to the Equity Shareholders of the Company whose name appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners as on Thursday, 10th August, 2017 which is the Record Date fixed for the said purpose .

   We would like to inform you that the said Interim Dividend will be paid to the Equity Shareholders of the Company on and from 14th August, 2017.

2. . Appointed Shri Sumit Mazumder, Independent Director of the Company as the Chairman of the Board .

3. Appointed Shri D. K. Mittal, Independent Director, as the Lead Independent Director. This appointment is in line with the Company's commitment to good corporate governance practice s.

   (Both, Shri Sumit Mazumder and Shri D. K. Mittal are existing directors of the Company.)

   FACTORIES : BALRAMPUR • BABHNAN •TULS IPUR • HAIDERGARH •AKBARPUR • MANKAPUR • RAUZAGAON • KUMBHI • GULARIA • MAIZAPUR

   Continuation Sheet

4. Noted the re-composition of the Audit Committee owing to the demise of Late (Shri) Naresh Chandra and to comprise the following members :-

   • Shri R.N. Das (Chairman)

   • Shri Vivek Saraogi

   • Shri D. K. Mittal

   • Shri Krishnava Dutt

   • Shri Sakti Prasad Ghosh

5. . Noted the re-composition of the Nomination & Remuneration Committee owing to the demise of Late (Shri) Naresh Chandra and to comprise the following members:-

   • Shri D. K. Mittal (Chairman)

   • Shri R.N. Das

   • Smt. Novel S. Lavasa

Cr r1

Further, the said meeting commenced at 12.30 P.M. and concluded at 2.20 P.M. Thanking you,

Yours faithfully,

For Balrampur Chini Mills Limited

Nitin Bagari , (Company Secretary)

National Securities Depository	Central Depository Services (India)	Karvy Computershare Private
Limited	Limited	Limited
Trade World -A Wing, Kamala	16th Floor	Karvy Selenium Tower B,
Mills Compound	Phiroze Jeejeebhoy Towers	Plot 31-32, Gachibowli,
Lower Parel, Mumbai-400013	Dalal Street,	Financial District,
	Fort, Mumbai -400 001	Nanakramguda, Hyderabad -
		500 032

G.P. AGRAWAL & CO.

CHARTERED ACCOUNT ANTS

7A, Kiran Shankar Ray Road, Kolkata - 700 001

Ph: [phone] Fax: [phone]

Email: [e-mail]

INDEPENDENT AUDITOR'S REVIEW REPORT TO THE BOARD OF DIRECTORS OF BALRAMPUR CHINI MILLS LIMITED

1. We have reviewed the accompanying statement of standalone unaudited financial results of BALRAMPUR CHINI MILLS LIMITED ("the Company"), for the quarter ended 30th June, 2017 ("the statement"). This statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

2. We conducted our review in accordance with the Standards 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 standalone unaudited financial results prepared in accordance with the applicable Indian Accounting Standards (Ind AS) 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, read with SEBI Circular no. CIR/CFD/ FAC/62/ 2016 dated 5th July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

   Place of Signature: Kolkata Date : 31st July, 2017

   For G. P. Agrawal & Co.

   CHARTERED ACCOUNTANTS

   Firm's Registration No. 302082E

   (CA AJA d'W

   Partner

   MEMBERSHIP NO. 17643

   •

   BALRAMPUR CHINI MILLS LIMITED

   Regd.Office :2341 3A,A.J.C. Bose Road, FMC Fortuna, 2nd Floor,Kolkata - 700020

   CIN - L15421WB1975PLC030118 , Phone No.[phone], Fax No.[phone] / 22808874

   E.mail: bcml 8 bcml.in· Website : www.chini.com

   Statement of Unaudi•"" >m•ndalone Financial Results for the Quarter ended 30/06/2017

   PART-1 (,In Lacs)

   3 months Preceding Corresponding Year

   SI. Particulars ended 3 months ended 3 months ended ended

   No. 30/06/2017 31/03/2017 30/06/2016 31/03/2017

   in the previous vear

   (Unaudited) (Unaudited) (Unaudited) (Audited)

   1 Revenue from operations 113645 88764 82683 364100

   2 Other income 696 586 514 2494

   Total income 114341 89350 83197 366594

   3 Expenses

4. Cost of materials consumed 20036 170683 4682 257685

5. Excise duty on sale of goods 5818 4155 3754 18086

6. Changes in inventories of finished goods and work-in-progress 59241 (1 28765) 49030 (41952)

7. Employee benefits expense 4219 6532 3409 18091

8. e) Finance costs 2637 1949 2119 5543

   f) Depreciation and amortisation expense 2382 2517 2678 10494

   olOther exoenses 3659 9676 3216 25232

   Total exoenses 97992 66747 68888 293179

   4 Profit before exceptional items and tax (1+2-3) 16349 22603 14309 73415

   5 Exceptional items - - - -

   6 Profit before tax (4-5) 16349 22603 14309 73415

   7 Tax expense

   Current Tax 3494 4944 3054 15788

   Deferred Tax 855 (2380) 185 (1602)

   8 Profit for the year (6-7) 12000 20039 11070 59229

   9 Other comprehensive income (OCI)

9. Items that will not be reclassified to profit or loss (34) (554) - (555)

10. Income tax relating to items that will not be 12 192 - 192

Other comprehensive income for the year	(22)	(362)	-	(363)
10	Total Comprehensive Income for the year (8+ 9)	11978	19677	11070	58866
11	Paid- up Equity share capital	2350	2350	2449	2350

reclassified to profit or loss

(Face value of 1/- each)

12 Other Equity - - - 151775

(As at 31/0312017)

13 Earnings per share (Before & after extraordinary Items) (on 1/-each) ( not annualised for quarterly figures) :

a) Basic ({) 5.11 8.29 4.52 24.26

b) Diluted ({) 5.11 8.29 4.52 24.25

See accompanying notes to the financial results

Unaudited Standalone Segment Wise Revenue, Results Assets and Liabilities for the Quarter ended 30/06/2017

( In Lacs)

3 months Preceding Corresponding Year

SI. Particulars ended 3 months ended 3 months ended ended

No. 30/06/2017 31/03/2017 30/06/2016 31/03/2017

in the previous year

(Unaudited) (Unaudited) (Unaudited) (Audited)

1 Segment Revenue

a) Sugar 100237 86272 72501 336959

b) Co-generation 9450 24017 6203 44368

c) Distillery 10831 7044 8019 32676

d) Others - - - -

Total 120518 117333 86723 414003

Less: Inter SeQment Revenue 6873 28569 4040 49903

Revenue from ooerations 113645 88764 82683 364100

2 Segment Results - Profit /(Loss) before tax, finance costs and Exceptional items

a) Sugar 13992 15767 10338 55767

b) Co-generation 2666 9900 2129 15768

c) Distillery 3443 1258 4254 11793

d) Others - (169) - 1195)

Total 20101 26756 16721 83133

Less i. Finance costs 2637 1949 2119 5543

1. Other un-allocable expenditure net of Un-allocable income 1115 2204 293 4175

2. Exceptional items - - - -

3 Profit before tax 16349 22603 14309 73415

Segment Assets

a) Sugar 228730 299263 211532 299263

b) Co-generation 69112 69066 63890 69066

c) Distillery 23872 23730 24458 23730

d) Others 143 - 109 -

e) Unallocable 6527 7485 10997 7485

Total 328384 399544 310986 399544

Segment Liabilities

a) Sugar 10973 47881 27894 47881

b) Co-generation 1609 1978 1483 1978

c) Distillery 1269 1382 1331 1382

.

-

d) Others 52 - 27 -

e) Unallocable /,?' tl 11'1r 148376 194178-S · - 145478 194178

1 ';@;Ji,)

Total //.... '-:- -..::. ':r,''.. 162279 245419, : 176213 245419

1'

.. / 'i

J

?};fl-- .o c; .f

i,'i:,,,ot°/; ,- e,0-.:i