n

nce

12h August, 2016

To,
Listing Compliances,
BSE

Limited,

P. J. Towers,

Fort,
Mumbai - 40fi)01.

Scrip Code: 512149.

Scrap Id: AVANCE,

2016.
Dear Sir/Ma?m,

The meeting of the Board of Directors was held today i.e. Friday, 12s August, 2016 at the
Registered ffice of the Company. The meeting commenced at 3.03 p.m. and concluded at 4.35
p.m. In the meeting the Board approved the Unaudited Financial Results and consideration of
Limited ReMew Report as issued by the Auditor of the Company. The same has been enclosed
for your consideration.
Kindly update the same in your records.
Thanking you.
For Avance

Limited

$'?'Vand'n
Bimal Kamdar
Dirctor
DIN: 02828913
Encl: a/a

Rcg,r.ofi:- D/603, 6th Floo', cryst4 plEz.a

EEarh

pre,iHE"H**d#'SoLiilo,

,--ty

,roo
Mar, New unt< Road, Andheri
{Wst) Mumbai - 40O 053. PhoDc l[o. O22 65652123,
inJo@avnce.i1lavancetechnologiesltd@gmail.com CI : L5lgOOMHlga5Pta03s2rO

Ycblit:

www. avance. in.

n
/\V/\ NEE
AVANCE TECHNOLOGIES UMITED
Regd- Off.:- D/603, 6th Floor, Crystal Plaza Premises Co-operative Society Limited, Opp. Infilriry Mall, New
Liol Road, Andheri (West), Mumbai ,100053. CIN: I51900MH1985PLC035210
Pb" No. 022 65652123

E-mail avancetechnologiesltd@gmail.com/info@avance.in Website www.avarce.in

STATEMENT OF IJNAIJDITED FINANCIAL RESTJLTS FOR TIIE QUARIER ENDED 3OTH TUNE, 2016.
(Rs. in
Sr.

Particulars

Year ended

Qgarter ended

No.

lalhs)

30.(b2016

30.06.2015

31.03.2016

31.03.2016

Unaudited

Unaudited

Audited

Audited

2,235.71

2,145.02

2,164.76

10161.80

0.00

0.00

0.00

0.00

2235.7r

2,t45.O2

2,164.76

10161.80

0.00

0.00

0.00

0.00

2,218.14

2,005.11

2,376.81

10183.22

0.00

0.00

6.89

(46.89)

r.32

1.73

s.08

10.13

0.00

0.00

0.00

0.00

8.33

3.83

1i.40

18.@

2,227.79

2,010.67

2,3M.&

10165.09

other iDcome. fi.na-Dce costs aEd

cceptional items (l-2)

7.92

134.35

181.64

(3.30)

Other income

0.00

0.00

14.10

14.10

Profit / @oss) ftom ordin'iry activities

7.92

134.35

-167.54

10.81

0.00

0.18

-0.59

0.39

7.92

r34.t7

-165.85

10.42

Income from ooerations

(a) Net sales/income ftom Operations

(Net of excise dury)

ft) Other Operating Income

Total income from OperatioDs (Det)

Expeuses
(a) Cost of materials consumed

ft)

Purchases of stock-in-trade

(c) Changes in inventories of

goods,

fiiished

work in-progress and stock in-

trade
(d) Employee Beuefit Expenses
(e) Depreciation and amortisation
expense

(f) Other expenses (Aay item exceeding

1@/o ofthe total expenses relating to
continuiDg opeEtions to be shom

separately)

Total el<pensef

Profit / (Loss) ftom opentigns before

before finance costs a-ud errcqttiona-

iteDs (3 + 4)
Finalce costs
7

Profit / (oss) ftom ordi-oary activities

finance costs but before
er<ceptiooal items (5 - 6)
a-fter

Aveacc Tecblologle! Li.Eited

Regd.oIf:- D/6O3, 6h Floor, Crystal Plsza Premises Co operatrve Societv Limited, OPP Infmitv Ma-I' New Linl
(west) Mumbai - 4O0 053 Phoac ro. 022 65652r23'
E nath inJ@?vance inlavancetechnologieslt@Smail.com Cnt: I51900MH 1985Pt4035210

Vcbsite: www avance.rrr

t-tce

Exceptional items

Profit / (Ioss) ftom ordinary activities

l0

before tax (7 + 8)
Tax ryense

11

t2

0.00

-120.00

7.92

74.17

Provision for Taxation

0.00

0.00

Provision for Deferred Tax

0.00

0.m

0.00

0.m

Net Profit / (Ioss) frorn ordinary

activities a-fter tax (9- 10)

0.10

0.10

7.92

74-17

-166.95

(109.68)

0.00

0.00

0.00

0.00

r2)

7.92

t4.L7

-166.9s

(10e.68)

Share of profiV(loss) of associates.

0.00

0.00

Minority hterest.

0.00

0.00

0.00

0.00

0.00

0.00

7.92

14.17

-766.y5

(10e.68)

19819.77

19879.17

19819.17

19819.17

0.00

(120.00)

166.8s

(10e.s8)

Extraordinary items (net of tax expense

Rs

ML)

Net Profit

13

l4
l5
l6

@oss) for the pedod

(1

Net ProfiV(Ioss) after taxes, minoriw

interest and share ofprofid(loss) of
associates

(13+l+15)

Paid-up equiry share capital (Face Value

of Re. 1/- each)

17

18

Reserve excluding Revaluation Reserves

as

per balance sheet of previous

18823.01

accouating year
19 i.

Earniags per share (before

etnordiuary items) (of Re. 1/- each)

(not a-uaualised):
(a) Basic

(b) Diluted
19

ii.

O)

0.001

(0.008)

(0.006)

0.0004

0.001

(0.008)

(0.006)

(0.008)

(0.006)

lcrlr-Llts per sftrre (aJter extraorduary

items) (ofRe. I/-each) (not aaLrualisej):
(a) Basic

0.0004

Dtt,*d

0.0004

0.001

0.0004

rnl

I
I

(0.008)

Notes:

(0.006)

l. This sr atement is as p
Regulatir rns,2015 aad S

SEBI (Listi,g Oblj gation and Disclosures Requiremenrs)

C-I[D/15/2015.
2. The ab ove Utraudited Financial Results for the quarter
ended 3 Oth |uue, 2016 have been reviewed
by the
Audit Co mmittee and approved by ibe Board of Directors
at their respective meeting held on 12rh
Augusr,

2016.

3. The cli rssification/disclosure of items in

Compani,

Tcchrologr.! LtEited
pla2
Society Limired, Opp Inflnity MaI,
,*."f
ff:|*"
fwesu Mum "o,.*rative
cc e<i..ii"'"---''

Regd.ofi:, D/603, 6,r' Floor, crystat

Enait-

firancial results have b ,.en in accordance with tbe

Schedule III of the

aYa'oG'G

inJ@avaice.inlavance
Web.tte:

iri"rl"is'ffirr

New Link Road, Andheri

sesplco3s2lo

Fl t_ r_

regrouped/rearralged/reclas.sified,

to Dake them

t.

Rcgd.oE- D/6

Road, Andhen

y.tdte

TFJAS IIASXARNI & ASSOCIATES

24, 2'- Floor, Xth Centrat Mall, Near:)- Ma.! Mahavir Nagar, Kandivali {Westl,
MumbaF400067, Morile No: 9819892267, Email; tejas_nadkarni@Vahoo.com
LlMtTEp REVTEW Rs?pRl
To,
The Board al Directors,
AvA!'lcE TECHNOLOGTES LTD,
D"603. 6th Floor.
Crystal Plaza Premises Co-Op Soc Ltd,
Opp Infinity Mall Nery Link Roed,
Andheri (W Mumbai-400053.

We have reviewed the accompanying siaiemeni of unaudited iin?r'rcial .eertls ol M/s- Avance
Technologies Limited for the period eded 30F June, 2015. This stalerne.* is the
respoBsibility ofthe Carypany's Mrnagernenl ard has been approved by the Boaad of Difectors.
our responsibility is to issue ! repoil on these finansial statremenis based on oua teview.
We conducled lur review in accordance with ths Standafd on Review Engagement (SRE) 2400,
E gageme.ts ,lo Rev:ew Financial StatemenG issued by ihe Instjtute of Charte.ed Accountants
of India. This standaad requircs that we pl?n a.d pedorm the ,eview to obtain moderate
a$surance as to warether the financial siatements are free of malg.ja: misstatement. A review is
limited pri.rari:y ts inquiries of oornpany personnel 9nd an araMic;l procedure applied to
financia: dala and thug provides less assurance lhan en audit. We have ngl performed an eudit
and accordingly, we do not exptss an audil opi|]ion,
Based on our review conducted as above, ngthing ha$ come to ol,r atienllon thal causes us lo
beliele that'the aceompanying stglemenl o{ unaud:ted financial resulls preparcd in accofdance
with applicable acolnting sianda.ds and oiher reaognized accounting praolices and pslicies
has not disclosed the information required to be disclosedin:ems of Regulation 33 ofthe SEBI

(Listing Obligations and tisclosure Requirer|enls) Regulations, 2015 including the manner
'n
which it is to be disclosd, or &al it cor,&ins any material rnis$tatement q, that it h"s rot bet
prepared in accordance wilh the aelevanl prudertial norms issued by lhe Regerve Eank of India
in respecl gi iirco8re recognition, assel classiilcation, provisioni g and 91her telaled matters.
For Tejas Nadkarni & Associates

Chariered Actolrlanls

Place: Mumbai

Date:

lx /oA i ,o jb

Proprietgr
Mmbe|ship No. 122993
Firrn Reg.: No 135197W