11th August, 2016

Corporate Listing Department

National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Plot no. Cll, G Block
Bandra-kurla Complex, Bandra (E)
Mumbai- 400 051
NSE Code - VIPIND

Corporate Relations Department

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
MUMBAI- 400 023.
BSE Code 507880
Dear Sir,

Sub: Un-audited Financial Results for the quarter ended 30th June, 2016
Further to our letter dated 3rd August, 2016 on the captioned subject, we wish to
inform you that the Board of Directors at its meeting held today at 11:00 a.m. and
concluded at 1:00 p.m. have approved the Un-audited Standalone and Consolidated
Financial Results for the quarter ended 30th June, 2016.
Accordingly, in terms of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith the
Un-audited Standalone and Consolidated Financial Results for the quarter ended
30th June, 2016 along with Limited Review Report issued by the Statutory Auditors.
Please take the above on your record and disseminate the same for the information of
Investors.
Thanking you,
Yours faithfully,
For V.I.P. INDUSTRIES LIMITED

Anand Daga
Company Secretary &
Head- Legal
Encl.: as above

VIP INDUSTRIES LIMITED

DGP House, 5th Floor, SSC,Old Prabhadevi Road, Mumbai 400 025. INDIA. TEL: +91 (22) 6653 9000 FAX:+91 (22) 66539089
EMAIL: corpcomm@vlpbags.com WEB: www.vipbags.com
Registered OffIce: 78 A, MIDC Estate, Satpur, Nashik 422 007.
CIN - L25200MHI968PLCOI3914

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Price Waterhouse

Chartered

Accountants

LLP

The Board of Directors

VIP Industries limited
DGP House, 5th floor, SSC,
Old Prabhadevi Road,
Mumbai - 400 025.

1.

We have reviewed the unaudited financial results of VIP Industries Limited (the "Company") for the
quarter ended June 30, 2016 which are included in the accompanying Statement of Unaudited
Financial Results for the Quarter Ended June 30, 2016 (the "Statement"). The Statement has been
prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (the "Listing Regulations, 2015"), which has been initialled by us for
identification purposes. The 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 the Statement
based on our review.

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 Statement is free of
material misstatement.
3. 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.
4 The financial statements of the Company as at March 31, 2016 and the year then ended were audited
by another firm of chartered accountants who, vide their report dated May 25, 2016, expressed an
unmodified opinion on those financial statements.
5 The unaudited financial information of the Company for the quarter ended March 31, 2016 and for
the quarter ended June 30, 2015 were reviewed by another firm of Chartered Accountants who, vide
their review reports dated May 25, 2016 and July 24, 2015, respectively, expressed an unmodified
conclusion on the aforesaid financial information.
6.

Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the Statement has not been prepared in all material respects in accordance with the applicable
Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with Rule 7 of
the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies, and
has not. disclosed ~e in~ormation required to be disclosed in terms of Regulation 33 of the Listing
Regulations, 2015 mcluding the manner in which it is to be disclosed, or that it contains any material
misstatement.
For Price Waterhouse Chartered Accountants LLP
Firm Registration Number: 012754N/ N500016

Mumbai
August 11, 2016

~~~
Partner
Membership Number: 045255

c7 ' .

Price Waterhouse CharteredAccountants LLP, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West)
Mumbai - 400 028
T: +91 (22) 66691500,F: +91 (22) 66547804/07
Registered office and Head office: Sucheta Shawan, 11AVishnu Digambar Marg, New Delhi 110002
Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001)
With effect from July 25: 2014. Post Its conversion to Pnce Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration
number before conversion was 012754N)

Price Waterhouse

Chartered

Accountants

LLP

The Board of Directors

VIP Industries Limited
DGPHouse, 5th floor, SSC,
Old Prabhadevi Road,
Mumbai - 400 025
1.

We have reviewed the unaudited consolidated financial results of VIP Industries Limited (the
"Company") and its subsidiaries (hereinafter refer~ed to as the "Group") ~orth~ qua~er ended
June 30, 2016 which are included in the accompanymg Statement of Unaudited Financial Results
for the Quarter Ended June 30, 2016 (the "Statement"). The Statement has been prepared by the
Company's Management pursuant to Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015"), which has been
initialled by us for identification purposes. The Statement is the responsibility of the Company's
Management and has been approved by its Board of Directors. Our responsibility is to issue a
report on the Statement based on our review.

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 Statement is
free of material misstatement.
3. A review is limited primarily to inquiries of group personnel and analytical procedures applied to
group's 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.
4. The consolidated financial statements of the Company as at March 31, 2016 and the year then
ended were audited by another firm of chartered accountants who, vide their report dated May 25,
2016, expressed an unmodified opinion on those financial statements.
5 We have not reviewed the consolidated results for the quarter ended March 31, 2016 and June 30,
2015
6. Ba~ed on our review conducted as above, nothing has come to our attention that causes us to
behe.vethat the St~tement has not been prepared in all material respects in accordance with the
a~phcable Accountmg Stan?ards prescribed under Section 133 of the Companies Act, 2013 read
WIthR~l~ 7 of the CompaI~les(Accou~ts) Rule~, 2014 a.nd other recognised accounting practices
and pohcIe~,~nd has not ~hsclosedt~e mfo.rmatlOnrequired to be disclosed in terms of Regulation
33 of .the Listing R~gula~lOns,2015 mcludmg the manner in which it is to be disclosed or that it
contams any matenal misstatement.
'
For Price Waterhouse Chartered Accountants LLP
Firm Registration Number: 012754Nj N500016

Mumbai
August 11, 2016

~?1~

Partner
Membership Number: 045255

0 -.

Price W~terhouse CharteredAccountants LLP, 252, Veer Sauarkar Marg Shiuaii Park Dadar
Mumbaz - 400 028
'
",
T: +91 (22) 66691500, F: +91 (22) 66547804/07

(Wi

es

t)

Registered office and Head office: Sucheta Shawan, 11AVishnu Digambar Marg, New Delhi 110002
Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chart d A
..
'"
Witheffect from July 25, 2014. Post its conversion to Price Waterhouse Chart er~ Accountants LLP (a LimitedLlablhty Partnership with LLP identity no: LLPIN AAC-5001)
number before conversion was 012754N)
ere ccountants LLP, Its ICAI registration number is 012754N/N500016 (ICAI registration