Financial Results For 31-03-2017 (Standalone & Consolidated)

• Security Code: 500350
• Company: RSWM

Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are sending herewith the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2017 along with Statement of Assets and Liabilities as at 31st March, 2017 as approved by the Board of Directors at their meeting held today i.e. 12th May, 2017. A copy of Audited Financial Results (Standalone and Consolidated) for the quarter/year ended 31st March, 2017, Auditors' Report (Standalone and Consolidated) and Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Standalone and Consolidated) are enclosed herewith as Annexure - I. Further, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Audit Committee and the Board of Directors of the Company have, subject to the approval of the shareholders in the forthcoming Annual General Meeting (AGM), approved the appointment of M/s. Lodha & Co, Chartered Accountants (Firm Registration No. 301051E) as the Joint Statutory Auditors of the Company for a period of 5 years from the conclusion of AGM to be held in the year 2017 (to conduct audit w.e.f. Financial Year 2017-18), in place of existing Joint Statutory Auditors M/s. S. Bhargava Associates, Chartered Accountants in compliance with the mandatory rotation of auditors, pursuant to the provisions of the Companies Act, 2013. The brief profile of M/s. Lodha & Co, Chartered Accountants is enclosed herewith as Annexure - II. Also note that the Board of Directors has recommended Preference Dividend @ 12% per annum on pro-rata basis i.e. ` 0.55 per Optionally Convertible Redeemable Preference Share (OCRPS) from 1st April, 2016 to 10th November, 2016 amounting to ` 48.70 lac (exclusive of dividend distribution tax) on 88,54,111 OCRPS which had been opted for conversion and also @ 12% per annum on pro-rata basis i.e. ` 0.82 per OCRPS from 1st April, 2016 to 28th February, 2017 amounting to ` 39.45 lac (exclusive of dividend distribution tax) on 48,11,324 OCRPS which had been redeemed on 28th February, 2017. These dividends shall be paid within 30 days from the conclusion of the Annual General Meeting of the Company. Further, the Board of Directors has recommended dividend on Equity Shares @ 125% i.e. ` 12.50 per share amounting to ` 2943.86 lac for the financial year 2016-17 (exclusive of dividend distribution tax) which shall be paid within 30 days from the conclusion of the Annual General Meeting, subject to the approval of the Shareholders of the Company. The meeting of the Board of Directors commenced at 10.15 A.M. and concluded at 6.05 P.M.