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gokoldos exports I’rd
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Regd. Office .
# 16/2, Residency Road, Bangalore A 560 025. (INDIA)Telephone : 41272200, 41272220
Fax No. 91 - (080) - 33477491, Email : gokex@vsnl.comCIN : L18101KA2004PLC033475
gokoldos exports I’rd
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(
Telephone : A127 00. 41272220
Fax No. 91 — (080) — 33477491, E-mail : gokex@vsnl.comCIN : L18101KA2004PLCO33475
Interlek
gokoldos exports I’rd
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2 Tue nlnnunlone unendueu me As rlnnuelnl resll‘ls nl [he caulpuuy far we qllnnur “ml yenl :lldzd Match 1! 7w)
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be Viewed on line Cammny'» welune WW golelllnmnunmnm m up llle
1 rue apeye [mmcml rebuhs nfh‘uknldas Ewan: lencd llne Cullenn‘y‘p lleye been mepmd m eennnleuee wllll lndlnn Accmlmlng alanllnel , Ind AS 1» nn -lme
plexenuenlundlll Seclmn m Dfrh: Conlpnmns non ZOI‘ nennl wnll Ruiz J olllle rnmpnmns (l-nlnn. Auculllumg Standard) Rules ml; nna SEE! ClmllnrNo NW, D“
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4 kanldus Expolls L.mnod 1W2 clmlpnny: openne. m .l elnple buslncss ,egnlenl nlnmnuleeune and sole olpumunls Accurdmgly, ne lunller segmenl lllnelaalnex an (sq-Med
l TIlLKulnpauy nae dpphcd for n eellnme nl mull mllm(1\w Scheme") alo whully owllrd )nbildllrv eomnnmee wnu lbe ('nlnpallv Th: appnmnnl lune nlnnnlnnnmion n Apnl nl, zolo Tue
applnauon was mm pull. me Hml‘lvle annnul Company Law Trlhlllla‘ ("NK‘LT“] on chnlnry zx‘ 2m llle \‘CLI ha pneeeel nn omen llnlell seplennber 25. em lnelmeunp me Company lo
conduu Seemed tunnel, Meelmp mu shnrchnlblera llwellllg nl November 2m Nnccssm) nplnoyel has been eblnlnee lnnn llle Seemed Crednm lrnnenn Bunk null Carponmun Hal-110m
Nnvclllher 24o zull and mnellnldel, or llle l'nnnpeny on Noyelnael 29, 2m 7 ml llle Repon el llle cnanmnn nlong wllh necenseny peunen nus been lllell with an NCLT Tne .ppmnnl man. My
woeleoelypll oymeCnmpnny aunnl; uleeuneul qunntr mm unenelall leL nply \llmllu:attalllllllmlmuunzludzsmbtd ln lnc Schema 'rlusnaeullell lnreememenlnrnnnnelnl slfiwmnh wnln
elrw lmnl llw nnpnmled dam l e. Apnl ul . 7mo runeelulenlly, me .nnnben rtmmgw unnnel, ytnr enllell Mir ll. zols Md I‘lmrwl ended nee .1 l, 2m have been Icslllled
ln yleu ol'llle nlnreeanl nlnuer and ln lauluule enee ol‘bvlmnms upclmwllal pneynnly ornle employees llllw been Inulsl‘m'w rnnn Ihl: nuasnllaly eampnues lo me Company wllh cllzm llonl luly L
2017
Dumlg llle pmvlmls quurlcl mnleel lune 30. 013.pur§u|nllnrhll nppruvfl of llle ennnnluee ohm bnnnl nl Dllcuurn dakd May 1‘ 2018. me lelpmly had lsmcd 77 us Inle enuuy slums nl ll, 5
enen, n all nauo pl we pl Rs w on per aqully ellue ("whaling ks as all pe. sllare \owm‘ds meunuen meuulnn) npnlegnunp lo Rs 6,937 2a lnlnl lo quallrlea inmhlnunnl bllym: lnnler enapler Vl|| ol
SEBI (Issue nl Cnpnal and Dnelonne Rennnemnnlsl Rzgulzmuma 2009 as nmenden (me “Shhl Repnlellnnr'l pnn provlslcmm'all nlller npplleable lnwa Tlle shalellolelels had appnmll llle nfuresaid
lssue olenuny sum; by way nfapecull renolunnn elalell Felnnary 3‘ 2m 3
Llna nllne rolelpn euuonleln wnh an nggepule onlelemb'np belanee or Rs 44‘ lukhx llns well a plan [or morpmnnnpn urn; bllslness nne "chme HI reepeenye yunsdleuonel eoun Conxcqlwflxly,
based on leeommmllnnan oflagul eoluuel. llle Company has me n clnlm wnn llle neleyanl aulnpnllee ronne areleenul reeelyable The Company hnsmnde an :xpecled Ion pmylnan 0| Rs l 33 lnkhs
on “use peeewnlales Subsenuenl lo lbe (comanlxulon nlnn men by llle cuslenlen lne Cmpmly bee mean l'ulHVcr dwpulch afgpods umpnnunp m Rs 845 lakhnv llle snld Cuelume. based en uyyllallxl
puxnhas: nnlels ln compllame will. llle llld AS lls,
llle rumplnly has wuymed recumuuon ol leyenue lowards goods supplleu npsl rump olme ouslolw'l morpplusnllnn plan and wnl be
remglllsluu reyenue upon cemmly m renlmlnm prnale eplnluerauou The Company n enullllenl urneeoyennp M lensl lne enel of luvennny us th5 .5 under : enlnl Rdlmmflzmd nolleme runllee me
Celnnnny ls confident lllnl me lmpnel olnpnrecnyennpllny oh)“: lemnlnmgeeculyable bulanm lml pmldcd rornnll the non nllnynnloly. liany. wlll nul be lnnlenal ln mas: finallcnl msulls
Ind AS lls kuvmule nem tonneele wi‘h (‘ugomeln numelnlory Ior loponlnn peumb haglnlullg up a. ene. Apnl IV 2an ruphce: lesllng .eyenue rechyllllon lenunemenls Ul‘del Hm modified
rclYMporAwe eppmaeb mar: war: no upmlmnl nulllnllnenle leouned lo lne lelnmlnl elnnlngl nl Apl ll l, zols Aim, mu npplwnuou ol |NI A5 l l3 dld um bnyu any snnuneenl nupael en reeopnlupn
nne lnzaxunmem ofrcvnmm {\le rnlnlell “an: .n llle nnancul rcslllls far lno qllalleraud l1 moluhs culled march ll, 90m
9 he Company messed me lan yelue less epsl pl snle ul’lhu lnuesunenl n. all «meme held an sale :6 pl Mnr 1|,2mg, cllange m llle regulamry enyuonlncnl and me murkal mmllmis elleeunp llle
manna lms advemaly nlleued lne lnu rah: orlbe Compeny n lyeslmenl Tlle (wlxflny lmi wnnee noun lbe eneymp ynlun nfllve :Iiszl by reeepmzlng m lmpmmlem his el Rs 025 56 Lakhs ns
mexcemlullal dump during me eunnnl nunuer 1 he Commllyconmluu lo male cflunsln mnlnele me [an by Sclllng enell lnyeelnlenl ln lne nunlunnn. Mllbll could msull ul a pupal m lull reyelsnl
omle nupnmneel loxs
lo The Smicrlwnt or una a nnndnlane llnl AS ruumelal run“; for lne nnnner and year enelell March 3L zulo hnye been renewed by Ihc ANN comnuuee m lnen meeunn ml lylny I7y 20w nnll
appnnyeel by me lloenl amneelora ln lbanmeennp held on May I7, am
H M: slnlullny Audllms have curled cm a mum ofshndalon: um eonmlldnleu Illd AS nuauelnl resulu rm zhu nunnel endzd March 3|. 2M9 ln lunne DfRegulnllon 33 o: SEDl (meg obllpnunne
end Duelmmc Requlmlmzms) Regulauens, zols
l2 ‘lhe figures 'nrqalllrlst lulled Mmll :ll oven-mu and me prawn)“; yenle ln llle mndalanc Ind AS nnnnelpl .eanlls nle me belenmnp rlpulns lvclwznll llle audntd figures m rnbpwl lame lull finenelal
years nnd|llulml1lmned pnbllsned yeah Adm: figmei ror lune monlha ended Decemhcl 'Jl rorreapeeuye ytal:
l3 Malone peuolv yeela figures have been rngmllpedl rwlflssli' d, ulnereyel neeessnry ln ennunn In llle eunenl penolll yenneluanlnenuml
M m enmpnlellve finenelnl .nl’onnauoo al'me L'umpxllly lm llle nuauer and ycnr mum! Malcll ll, zula Al: manned by me pchvessur ammo! whnsc lopon rm lne yen: cllded Maldl Jl. zala dnled
May 24. ZUIE expressed m uumndlflcd nullll npnnen en \lloxu I‘mllnclnl ennnnnenu, ls adJllb‘lcd lon acealnlungelluonnenle punuanl lo lh: scheme olnulnlgnmnuon and arrangemcm pelween mo
Company and ile sunsnllnry as npplnyep hy lbe Naupnal Coalnnny bnw lnbuunl lNcb l l ynle ardtv dnlud Mnlnln ox, my. me appcuued dnle hauls [\yIHI DI. zols, wnlell llnve upen nlnlnoll by llle
mlumry n dllnrx
Manlglllg - ecu
ulN muses.
Dalc‘ May W710")
place Bennnluru
Regd. Office :
# 16/2, Residency Road, Bangalore - 560 025. (INDIA)Telephone 2 41272200, 41272220
Fax No. 91 - (080) - 33477491, E-mail : gokex@vsnl.comIntertek
CIN : L18101KA2004PL0033475
Hour 6, Nb, 5, Prestige Midday Tower
Raj iihavan Road
Benguluru mom, iNDIA
Telza91 to am 5 0000
f9 Associates
Chartered Accountants
Auditor’s Report On Quarterly Financial Results and Year to Date Financial Results of the CompanyPursuant to the Regulation 33 of the SEN (Listing Obligations and Disclosure Requirements)
Regulations, 2015
To the Board of Directors of Gokaldas Exports Limited
1. We have audited the accompanying Statement of Standalone Financial Results of Gokaldas ExportsLimited (‘the Company') for the quarter and year ended March 31, 2019 (the ‘Staternent‘), beingsubmitted by the Company pursuant to the requirement of Regulation 33 of the SEBi (ListingObligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No
CiR/CFD/FAC/(zZ/Zoio dated July 5, 2016.
Z. The Statement, as it relates to the quarter ended March 31, 7.019, are the balancing figures betweenaudited standalone figures in respect of the full financial year and the published standalone year to
date figures up to the end of the third quarter of the financial year, prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial
Reporting“ (‘ind AS 34’). The Statement also relates to the year ended March 31, 2019 and has been
prepared on the basis of the related standalone financial statements for the year ended March 31,2019, prepared in accordance with the indinn Accounting Standards prescribed under Section 133 of the
Companies Act, 2013, read with the Companies (indian Accounting Standards) Rules, 2015, as amended,and other accounting principles generally accepted in india. This Statement is the responsibility of the
Company‘s Management and is approved by the Board of Directors. Our responsibility is to express an
opinion on the Statement based on our audit of standalone financial statements for the year endedMarch 31, 2019 and our review of standalone financial results for the nine months period endedDecember 31, 2018.
3. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10)of the Act. Those Standards require that we comply with ethical requirements and plan and performthe 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 theassessment of the risks of material misstatement of the Statement, whether due to fraud or errors in
making those risk assessments, the auditor considers internal control relevant to the Company‘spreparation of the Statement that give a fair presentation view in order to design audit proceduresthat are appropriate in the circumstances, but not for the purpose of expressing an opinion on theeffectiveness of the Company’s internal controls An audit also includes evaluating the appropriatenessof the accounting policies used and the reasonableness of the accounting estimates made by the
Company‘s Directors, as well as evaluating the overall presentation of the Statement.
Head Office: Floor 3, Enterprise Centre, Nehru Road, Net-1r Domestic Airport, vile Parle (E), Munibai 400099, INDIA. Tel: -r 91 22 3351: soon
«ego, Nos (05047W i Ahmedabad 1 nongaium 1 Chennai 160;; | ourugmm | Hyderabad l Kolkata l Mumbni l Pune Wmmskgsn
Flat)! 6, No, 5, I’resttge Khoday'ibwerRaj llhavan Road
Kerigaluru 560001, INDIA
Tel: e91 110 6815 0000
8’ Associates
Chartered Acmuntants
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion on the Statement.
Opinion
4. in our opinion and to the best of our information and according to the explanations given to28inion
73ex9TfTj1.307 Tf1471.09f1.5Regul 0 0 1 299.082 6.406 Tm(ba116TfTj1.3079.9rte47209491.471331 317.325 617.846 Tm878)Tj/R8 7.8.2031047209491.4710 1 22m8949ex4List 0 1 36m(206Tj/R8 9.701.189471 0 91.471Obl42 0 0 1 449.348 1080el543 5Tj51Tj/R8 81.5pro485 0 Tf0.9 0 1 318.287 618.327 Tm(52.5715 611in869)T4j19959233 Disclosur 1 392.695 540.076 Tm(e/R8Tj1.2346m(thT4j1. Tf0.9Requir8 0 0 )345 Tm(53)Tj/R8 27 621 4j15.00944 0egul 0 0 .69 0 16123 540.076 TTm(577ained)Tj/92f9 4j15.00944 ZDiS 1 432.061 542.956 Tm0 95TfTj1.30.7632hT4j1.7824 0 as1 177.145 543.436 Tm(40.j/R8 7.6811.04j1.7824 0 modifie 1 318.285 540.556 T01.0115)Tj/R8357 6.04j08741.3114y 1 484.868 768.107 m(proTj/R8 7.701612T4j1. Tf0.9Circul 1 113.296 606.805 Tmur)15)Tj/R8 .766st)4j14659233 0 . 1 484.868 768.107 m(593tered)Tj76081 T4j15.00944 ClR/CFD/FAC/oZ/Zoié1 327.406 617.366 Tm(5412Tj/R8 81.5pro468142388 54date 1 318.285 Tf3.107 Tm5610.j/R8 7ex4(R8.107452.5715 July1 318.285 540.556 T01.46(01Tj/R8 .72012T107452.5715 0 1 4Tm(76l:)Tj0.9)Tj.0)Tj107452.5715 6066;1 299.082 542.476 Tm(and)Tj/R8 180 0 59.701.18962 0 0 1 164.183 543.436 Tm(82)Tj/R8 50..68j/R31.22692 ii.1 487.745 540.556 T01.241782j/R8 81.5pro450.71 T6798 0 0s1 432.061 542.956 Tm(a)Tj/R8 7.540.est)4544704 0 0 1 498.31 61543.436 Tm()Tj)Tj1.234ud157ai454422 T6798tru956 Tm(bd)Tj/R8 6.50.741o454422 T6798 0 1 160.e3n
Floor 6, No, 5, Prestige Klinday Tower
Raj Blinvan Road
Uengaluru 550001, INDIA
Tel: at so was 0000
67> Associates
Chartered Accountanu
other Matter
6. The comparative financial information of the Company {or the quarter and year ended March 31, 2018
are audited by the predecessor auditor whose report for the quarter and year ended March 31J 2018
dated May 24, 7018 expressed an unmodified audit opinion on those financial statements, is as adjustedfor accounting adjustments pursuant to the scheme of amalgamation and armngemem. between the
Company and its subsidiaiy as approved by the National Company Law Tribunal (NCLT) vide order dated
March 08, 2019, the appointed date being April 01, 2016, which have been audited by us.
Our opinion is not modified in respect of this matter.
For MSKA t‘: Associates
Chartered Accountants
lCAl Firm Registration No.105047W
Deepak Ran
Partner
Membership No‘: 113292
Place: BengaluruDate: May 17, 2019
Head Office: Flour 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Vile Parle (a), Mumbai 400099, lNDIA, Tel: +91 22 3358 9300
Read, No, 105mm 1 Ahmedabad l Bengaluru | Chennai l Goa 1 Gurugram | Hyderabad | Kolkata i Mumbai | Pune Wwwtmsliajj‘
l‘lom' 6, No. 5, llroslige Khuday'l’owm‘rm flliavan Road
Bongaluru 560001, mom
Tel: «91 ill] 5315 0000
89 Associates
Chartered Accountants
Auditor’s Report On Quarterly Consolidated Financial Results and Consolidated Year to Date Financial
Results of the Company Pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure
Requirements) Regulations, 2015
To the Board of Directors of Gokaldas Exports Limited
1. We have audited the accompanying Statement of Consolidated Financial Results of Gokaldas DrportsLimited (the ‘Company') and its subsidiaries (the Company and its subsidiaries together referred to as
“the Group") and its associates for the year ended March 31, 2019 (the ‘Statement’) , being submitted
by the Company pursuant to the requirement of Regulation 33 of the SEBl (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as modified by Circular No, ClR/CFD/FAC/oZ/Zoié dated
July 5, 2016.
2‘ The Statement, as it relates to the quarter ended March 31. 2019, are the balancing figures between
audited consolidated figures in respect of the full financial year and the published consolidated year to
date figures up to the end of the third quarter of the financial year, prepared in accordance with the
recognition and measurement principles laid down in lndian Accounting Standard 34 “interim Financial
Reporting” ('lnd AS 34’)i The Statement also relates to the year ended March 31, 2019 and has been
prepared on the basis of the related consolidated financial statements for the year ended March 31,
2019, prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section
133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015,
as amended, and other accounting principles generally accepted in lndia. This Statement is the
responsibility Dl the Company's Management and is approved by the Board of Directors. Our
responsibility is to express an opinion on the Statement based on our audit of consolidated financial
statements for the year ended March 31, 2019 and our review of consolidated financial results for the
nine months period ended December 31, 2018,
3. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10)of the Act. 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 of the Statement that give a fair presentation View 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
Company’s Directors, as well as evaluating the overall presentation of the Statement.
Head 0mm: Floor 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Vile Pane (E), Mumbol 400099. mum, rel: lot 22 335!) 9600
Read.No.10§iM7W | Ahmednbad ; Bengaluru l Chennai 5 Goa l Gurugram l Hyderabad l Knlkata I Munrbai l Pune ww mslggg
Floor a, No. 5, Prestige Khodny Tower
llaj Bhavan Road
iiengaluru 560001, (NDIA
Tel: ‘91 so 6815 0000
6’ Associates
Chartered Accountants
We believe that the audit evidence obtained by us and the audit evidence obtained by the other
auditors in terms of their reports referred to in the paragraph below, is sufficient and appropriate to
provide a basis for our audit opinion on the Statement.
Opinion
4. in our opinion and to the best of our Information and according to the explanations given to us, the
Statement:
i. includes the financial results of the entities (listed in Annexure A) considered for consolidation for
the year ended March 31, 2019;
ii. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015, as modified by Circular No. ClR/CFD/FAC/o2/201é
dated July 5, 2016; and
iii, gives a true and fair View in conformity with the aforesaid Indian Accounting Standards and other
accounting principles generally accepted in india of the consolidated net profit, total
comprehensive income and other financial information of the Group for the year ended March 31,2019,
Emphasis of Matter
5, We draw attention to Note 7 to the financial results which states that one of the foreign customers with
an aggregate outstanding balance of Rs. 441 lakhs as on March 31, 2019 has filed a plan for
reorganisation of its business and creditors in the court, Consequently, based on lhe recommendation
of legal counsel, the Company has filed a claim with the relevant authorities for the amount due from
the said customer. Further, the Company has created a provision on account of expected loss
amounting to Rs, 133 lakhs on the balance clue from the Customers
Subsequent to the reorganisation plan filed by the customer, the Company has made further dispatchof goods amounting to Rs. 845 lakhs to the said Customer based on updated purchase orders, in
accordance with the provisions of ‘lnd AS 115 Revenue from Contracts with Customers’, the Companyhas postponed recognition of revenue towards the said goods as there is significant uncertainty with
respect to collectability.
Our opinion is not modified in respect of this matter,
Other Matters
6, We did not audit financial statements of three subsidiary companies, whose financial statements
reflect total assets of Rle,115 lakhs as at March 31, 2019 (year to date), total revenues of Rs. 366
lakhs as at March 31, 2019 (year to date), as considered in the Statement, The financial statements of
these subsidiaries have been audited by the other auditors whose reports have been furnished to us bythe management, and our opinion on this Statement, in so far as it relates to the amounts and
disclosures included in respect of these subsidiaries and our report in terms of sub-section (3) of
Section 143 of the Act, insofar as it relates to the aforesaid subsidiaries, is based solely 0 14:32pmof other auditors. aPhSSOC,
Vam0') ‘1Yr
,3”
Head Office: Floor 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Vile Perle (E), Mumbai 400099, INDIA, Tel: +91 21 3358 9800
mega. No. roso47w r Ahmedabad l Bengalurrr r Chennai 1 Goa r Gurugram r Hyderabad l Kolkata | Mumbai r Pune wwwmskadn
Hour 6, no, 5, Prestige Kimday rower
Raj miam Road
Bengalum 560001, mom
Tel: s91 so em 0000
83’ Associates
Chartered Accounlaliis
7, The comparative financial information of the Company for the quarter and year ended March 31, 2018were audited by the predecessor auditor whose report for the quarter and year ended March 31, 2013dated May 24, 2018 expressed an unmodified audit opinion on those financial statements
Our opinion is not modified in respect of these matters.
For MSKA 8: Associates
Chartered Accountants
iCAi Firm Registr' ion No.105047W
Deepak Rao
Partner
Membership Ncu: 113292
Plat BengaiuruDate: May 17, 2019
Head Office: Hour 3, Enterprise Centre, Nehru Road, Near Domestic Airport, Viie Park: (E), Mumbai 400099, iNDiA, Tel: +91 22 3358 9800negd, No, 105047w y Ahmedabad 1 Bengaiuru 1 Chennai 1 Goa l Gurugmm i Hyderabad 1 Koikala z Mumbai l Pune mm (1
Floor (A, ND‘ 5, Presflge Khoday Tower
Raj Bimvan Road
5 gdluru 560001, iNDIA
rel: '91 80 OMS 0000
an Associates
Thancred Accountants
Annexure A:
1. Alt Cuiour Garments Private Limited
2‘ SNS Clothing Private Limited
3. Vignesh Apparels Private Limited
Head Office: Flaar 3, Enterprise CenUe, Nehru fioad, Near Domestic Airport, Vile Farle (EL Mumbai 400099, INDIA, Tel: +91 22 3358 92100
Regd‘ No. msmw 1 Ahmedabzd 1 Bengalum 1 Chennai | can i Gurugldm i Hyderabad I Kalkata | Mumbai i Fume ywx‘amskmg
gokoldos exporis Lid
GEL/SEC/2019-20 17th May, 2019
BSE Limited The National Stock Exchange of India Limited
Floor 25, P.J Towers, Exchange Plaza,Dalal Street, Bandra — Kurla Complex, Bandra (E),MUMBAI , 400 001 MUMBAI-400 051
SCRIP CODE: 532630 GOKEX
Dear Sir
Sub: Declaration pursuant to Regulation 33(3)(d) of the Securities and Exchange Board of india
(Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended
1, Sivaramakrishnan Ganapathi, Managing Director of M/s Gokaldas Exports Ltd having its registeredoffice at No.16/Z, Residency Road, Bangalore
— 560025, hereby declare that, the statutory Auditor of
the Company M/s. MSKA & Associates (Firm Registration number: 105047W) Chartered Accountants
have issued an Audit Report with unmodified/unqualified opinion on Annual Audited Results of the
Company (Standalone and Consolidated) for year ended March 31, 2019
This declaration is issued in compliance or Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015
as amended by the SEBI (LODR) (Amendment) Regulations, 2016 vide notification No.
SEBI/LADNRO/GN/2016 -17/001 dated 25/05/2016 and Circular no. ClR/CFD/CMD/56/2016 dated May27, 201!»
For Gokaldas xports Ltd
1 pSivaramakris n GanapathiManaging Dire or
Regd. Office :’
#16/2. Residency Road, BANGALORE — 560 025 (INDIA) (w,Telephone : 22223600 — 1- 2, 41272200
| smvk,Fax No.91 - (080) — 22274869, 22277497, E-mail :gokex@vsnl,com
nterte
PRESS RELEASE GOKALDAS EXPORTS
Gokaldas Exports Ltd. continued its journey of growth and profitability during Q4 FY19 and
reported total income of R5330 Crs (YOY +9%) and net profit of Rs.11.32 Crs (YOY
+149%), after taking a one-time provision of Rs,6.3 Crs.
The key highlights for FY19 are
Financial:
. Total income of Rs.1 196 Crs, 11% increase on YoY basis
. Operating profits ol‘Rs.77 Crs, 3 times more than that in FY18
o Net profits of 115.2558 Ci‘s, as against a loss of31 Crsi in FY18
. Reduction in gross debt by more than R590 Crs during the year
Others
0 The company added 7 new marque customers during the year
. Improvement in all operating parameters like production efficiency, material
consumption, wastages and on-time production and delivery.o Investment of R536 Crs in capacity increase and modernization,
The tum-around in profitability of company in FY19 was achieved due to company’s focus
on strengthening customer relationship, operational excellence, and cost effective capacity
expansion
The company is confident of sustained growth in revenues and profitability going forward
given a good demand environment and strong competitive position of the company.
Date: May, 17 2019
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