Sub: 1.Filing Of Revised Standalone And Consolidated Audited Financial Results For Year Ended 31-03-2018 Along With Statement Of Assets And Liabilities (Stand Alone & Consolidated) As On 31-03-2018 ; Reg. 2. Explanations Pursuant To Provision To Regn.30 Reg. Filing Of Revised Audited Financial Results Subsequent To Filing Of Audited Financial Results-FY2017-18 On 30Th May, 2018 After Board Approval On 29-05-2018; Ref. Regulation 30 And 33 Of Listing Regulation Of The Lodrrs.

• Security Code: 500449
• Company: HOCL

The Audit team of the Principal Director Commercial Audit & Member Audit Board I, Mumbai commenced their Supplementary Audit on 22nd June 2018 and completed the same on 18th July 2018. Based on the preliminary observation the Deputy Director, Commercial Audit, Mumbai, issued Provisional Comments vide letter No. PDCA/CA-II/HOCL/Accounts/2017-18 dated 20th August 2018.
The approval of the Board of Directors IN CircularAgendaNo.4/2018dated 27-08-2018 the Standalone & Consolidated Accounts for the year 2017-18 have been revised as per the CAG provisional Comments the net impact on the Statement of Profit&Loss for the year is an increase in the Loss for the year by Rs.29.14Lakhs.
4.Accordingly the Quarterly results for the Quarter and year ending 31.03.2018 have been revised. The net impact on the Statement of Profit & Loss for the year is an increase in the Loss for the year by Rs.29.14 Lakhs.
5.M/s. M.B. Agrawal & Co. CAs Revised Independent Auditor's Reports are with unmodified opinion.