ARUN K. AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS

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ARUN K. AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS 105, FIRST FLOOR, SOUTH EX. PLAZA-I 389, MASJID MOTH, SOUTH EXTN. PT.-II NEW DELHI-110 049 PH.

2 ARUN K. AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS 105, FIRST FLOOR, SOUTH EX. PLAZA-I 389, MASJID MOTH, SOUTH EXTN. PT.-II NEW DELHI PH. : , , FAX : arunagarwal_ca@rediffmail.com To The Boqrd of Direclors Engineers Indio Limited, Engineer lndio Bhovon, 1, Bhikoji Como Ploce, New Delhi -, LIMITED REVIEW REPORT L We hove reviewed the occomponying stotement of Stondolone unoudited finonciol results ('The Siotement') of Engineers Indio Limited ('The Compony') for the quorter ond holf yeor ended 30t' September 2016 ottoched herewith. This stotement is the responsibility of the compony's monogement ond opproved by the Boord of Directors. Our responsibility is to issue o report on these finonciol stotements bosed on our review. We conducted our review in occordonce with Stondord on Review Engogements (SRE) 2410, "Review of lnterim Finonciol Informotion Performed by the Independent Auditor of the Entity." issued by the Institute of Chor{ered Accountonts of Indio. This stondord requires thot we plon ond perform the review to obtoin moderote ossuronce os to whether the finonciol stotements ore free of moteriol misstotement. A review is limited primorily to inquiries of compony personnel ond onolyticol procedures opplied to finonciol doto ond thus provide less ossuronce thon on oudit. We hove noi performed on oudit ond occordingly, we do noi express on oudit opinion. Bosed on our review conducted os obove, nothing hos come to our ottention thot couses us to believe thot the occomponying stotement of unoudited finonciol results prepored in occordonce with opplicoble occounting stondords i.e lnd AS prescribed under Section, 33 of the Componies AcI, 2013, reod with relevont rules issued there under ond other recognised occounting proctices ond policies hos not disclosed the informotion required to be disclosed in terms of regulotion 33 of the SEBI (Listing Obligotions ond Disclosure Requirements) Regulotions, 20, 5, reod with SEBI Circulor No. CIR/CFD/CMD/ doted 30th November, 2015 ond SEBI Circulor No. CIR/CFDIFAC/62/2016 doted 5tn July 2016, including the monner in which it is to be disclosed, or thot it contoins ony moteriol misstotement.

compony's monogement in complionce with Ind AS. 1 Note No.

3 4. Emphosis of motter Without modifying our report, ottention is invited to: o) b) Note No. 3 to the stotement which stotes thot the compony hos odopted lnd AS for the finonciol yeor commencing from lst April 2016 ond occordingly, the stotement hos been prepored by the compony's monogement in complionce with Ind AS. 1 Note No. 4 ond 5 to the stotement, we were neither engoged to review, nor hove reviewed the comporotive figures including the reconciliotion to the Net Profit (Totol Comprehensive Income) for the quorter ond holf yeor ended 30t' September 2015, these figures hove been furnished by the monogement. For Arun K. Agorwol & Associoles Chortered Accountonts FRN: N Mem. No Dote: Ploce: New Delhi

AGENDA ITEM NO. ENGINEERS INDIA LIMITED {o. 1 2. 3. 4 5. 6. 7. 8. 9. 10. 11. 12 13. 14. 15 16. 17. GIN : L74899DL1 96sGO1004352 Regd.

STANDALONE 30-Sep-16 30Jun-16 30 ed-15 30 ed-16 30-SeD-15 (Unaudited) (Unaudited) (Unaudited) (Unauditedl (Unauditedl 1 (21 (3) (4) (5) l6t t7l Income from operations a) Net Sales/ Income From

4 AGENDA ITEM NO. ENGINEERS INDIA LIMITED {o GIN : L74899DL1 96sGO Regd. Office : Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-l10066 Website: ; eil.mktg@eil.co.in ; Telephone: ; Fax: 0' STATEMENT OF UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SE 20 6 (f In Lakhs) tadiculars QUARTER ENDEO HALF YEAR ENDED STANDALONE 30-Sep-16 30Jun ed ed SeD-15 (Unaudited) (Unaudited) (Unaudited) (Unauditedl (Unauditedl 1 (21 (3) (4) (5) l6t t7l Income from operations a) Net Sales/ Income From Operations c) Other Operating Income Total income from operations (net) Expenses a) Cost of materials consumed b) Purchases of stock-in-trade :) Changes in inventories of finished goods, work-in-progress and stock-in-trade C) Employee benefits expense 3) DeDreciation and amortisation exdense l) Other expenses l) Sub-Contract payment ll) Construction material lll)other expenses Total expenses Profit from Operations before Other Income, finance costs & Exceptional items (1-2) Other lncome Profit from ordinary activities before finance cost & Exceptional ltems (3+4) Finance costs Profit from ordinary activities after finance cost but before Exceptional ltems (5-6) Exceptional items Profit from Ordinary Activities before tax (7-8) Tax Expense Net Profit from Ordinary Activities after tax (9-10) Extraordinary ltems (net of tax expense) Net Profit for the period (1 1-12) Other comprehensive Income (net of tax) Total comprehensive income Paid-up equity share capital ( Face Value of t 5/.) Earning Per Share (EPS) i) Basic & diluted EPS before Extraordinary items in { ii) Basic & diluted EPS after Extraordinary items in { 't ' / (18e.35) ' ZO.O 't s (464.05) 't ( ) O ', (234.38) R8 Page- 1 of 4 VG

ENGINEERS INDIA LIMITED,A ry CIN : L74899DLl 965GO1004352 Regd. Office: Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-1 10066 Website: www.engineersindia.com

in ; Telephone: 011-26762'121 ; Fax: 011-26' 78210 SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 3oth SEPTEMBER, 2016 ({ In Lakhs} 'articulare QUARTER ENOED HALF YEAR ENDED

Segment Profit from operations Consultancy & Engineering Projects Turnkey Projects Total (a) lnterest Other un- allocable expenditure Total (b) Other Income (c) Profit Before Tax (a-b+c) Caoital

O8 14902.4i 5557 3t 12329.1t '1 608.1 t 11473.Oi 8986.79 8563.8( 204s9.81 13937.32 3.1 2629.73 I -O2 2't84.2C 1.41 2594 42 1U./t 4813.9: 7.11 5370.1 t 2632.8S 2191.82 2595.8: 4824.71 5377.21 5610.

5 ENGINEERS INDIA LIMITED,A ry CIN : L74899DLl 965GO Regd. Office: Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi Website: ; eil.mktg@eil.co.in ; Telephone: '121 ; Fax: ' SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 3oth SEPTEMBER, 2016 ({ In Lakhs} 'articulare QUARTER ENOED HALF YEAR ENDED STANDALONE 30-Sep-'16 30Jun Sep Sep Sep-15 (Unaudited) (Unaudited) (Unaudited) (Unauditedl (Unaudited) Segment Revenue Consultancy & Engineering Projects Turnkey Projects Total Segment Profit from operations Consultancy & Engineering Projects Turnkey Projects Total (a) lnterest Other un- allocable expenditure Total (b) Other Income (c) Profit Before Tax (a-b+c) Caoital Emoloved * ; i t ( 34't ( t ( O i t t ' t Oi ( 204s I -O2 2't84.2C U./t : t S : C t ttuu9.ui i i ( 'l i tfixed assets used in the company's business or liabilities contracted have not been identified to any of the reportable segments, as the fixed assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made In Turnkey Projects of the company, margins do not accrue uniformly during the year. Hence, the financial performance of the segments can be discerned only on the basis of the figures for the full year. Page- 2 of 4 ve Y

LIMITED CIN: L74899DLi 965GO1004352 Regd. Office : Engineers India Bhavan, l, Bhikaiji Cama Place, New Delhi'l10066 Website: www.

(b) Capital work-in-progress (c) Investment property (d) Intangibles assets (e) Financial assets: - lnvestments - Loans - Other financial

6 LIMITED CIN: L74899DLi 965GO Regd. Office : Engineers India Bhavan, l, Bhikaiji Cama Place, New Delhi'l10066 Website: ; eil.mktg@eil.co.in ; Telephone: ; Fax: STATEMENT OF ASSETS AND LIABILITIES Non-current Assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Investment property (d) Intangibles assets (e) Financial assets: - lnvestments - Loans - Other financial assets (f) Deferred tax assets (net) Non-current tax assets (net) Other non-current assets - Trade receivables - Cash and cash equivalents - Other bank balances - Loans - Other financial assets (c) Other current assets (a) Financial liabilities: - Trade payables - Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (net) Page- 3 of 4 vg

NOTES: 1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 16th November, 20'16.

3 The Company has adopted Indian Accounting Standards ('lnd AS') from April 1,20'16 and accordingly, these financial results have been prepared in accordance with Ind AS notified by MCA under section

The date of transition to Ind AS is April 1, 2015 4 The financial results for the quarter and half year ended September 30, 2015 are also Ind AS compliant.

The financial results for the quarter and half year ended September 30,2015 have not been audited/ reviewed by the Auditors of the Company.

2015: Quarter ended September 30, 2015 Unaudited Half year ended September 30, 2015 Unaudited (( In Lakhsl (< In Lakhs) Net Profit for the oeriod under Previous Indian GAAP 6.950.35 12.630.

43 Reclassification of net actuarial oain/loss tb other comdrehensive income 727.45 422.56 Cthers (84.34 (35.29) Tax adiustments (410.691 (252.44) Net Profit for the period under Ind AS 7.721.02 13.

7 NOTES: 1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 16th November, 20'16. 2 The Auditors of the Company have carried out "Limited Review" of the above financial results for the quarter and half year ended 30th September, The Company has adopted Indian Accounting Standards ('lnd AS') from April 1,20'16 and accordingly, these financial results have been prepared in accordance with Ind AS notified by MCA under section 133 of the Companies Act 2013, read with relevant rules issued thereunder. The date of transition to Ind AS is April 1, The financial results for the quarter and half year ended September 30, 2015 are also Ind AS compliant. The management has exefcised necessary due diligence to ensure that the financial results give a true and fair view. The financial results for the quarter and half year ended September 30,2015 have not been audited/ reviewed by the Auditors of the Company. Reconciliation of net profit after tax as previously reported under Indian GAAP and Ind AS for the quarter and half year ended September : Quarter ended September 30, 2015 Unaudited Half year ended September 30, 2015 Unaudited (( In Lakhsl (< In Lakhs) Net Profit for the oeriod under Previous Indian GAAP s lmpact of financial assets at fair value throuqh profit and loss lmpact on account of provision for expected credit loss Reclassification of net actuarial oain/loss tb other comdrehensive income Cthers (84.34 (35.29) Tax adiustments ( (252.44) Net Profit for the period under Ind AS Other Comprehensive Income i ( Total Comprehensive Income under lnd AS 7, During the quarter, the Company has paid final dividend of Rs. 2/- per share (face value of Rs. 5/- each) for the financial year During the quarter "Offer for sale" of equity shares of the company of face value of { 5f each representing 0.50% of paid up equity share capital of the company were made to employees of the company by the President of India, acting through Ministry of Petroleum & Natural Gas, Government of India (Promoter). The process was completed in the month of October, 2016 and shares were alloted to the eligible employees of the company and as a consequent thereof Government of India (Promoter) holding was reduced from 59.37% to 58.87%. \ The Board of Directors have recommended issue of bonus shares in the ratio of 1:1 i.e. one equity share of Rs. 5/- each for existing one equity share of Rs. 5/- each, which is subject to approval by the members of the Company. Figures for the previous period have been regrouped / re-classified to conform to the figures of the current period Place: New Delhi Dated : 16th November, 2016 By Order of the Board For Engineers India Limited A /1 /"1 Krybrf- (Ram Singh) Director (Finance) DIN: Page- +- 4ot4

Others Total Revenue from Operations 44,415 40,897 45,382 85,312 88,458

Others Total Revenue from Operations 44,415 40,897 45,382 85,312 88,458 SREI INFRASTRUCTURE FINANCE LIMITED Regd Office: 'Vishwakarma', 86C, Topsia Road (South), Kolkata - 700 046, Website : www.srei.com, Email for Investors: investor.relations@srei.com (CIN): L29219WB1985PLC055352