@& Shital Dalavadi GUJARAT TERCE LABORA TORIES LIMITED. Scrip Code: (Listing Obligation and Disclosure. Thanking You, May 29, 2018

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1 GUJARAT TERCE LABORA TORES LMTED To, BSE Limited Phiroze Jeejeebhoy Towers, 26th Floor, Dalal Street, Mumbai May 29, 2018 Scrip Code: Kind Attn DCS-CRD Dear Sir/Madam, Sub: Audited Standalone Financial Result for the guarterl Xear ended March : We are pleased to inform you that at the meeting of the Board of Directors of the Company held today ie May 29, 2018 at Ahmedabad, the Board has approved the Audited Standalone Financial results of the Company for the year ended March 31, 2018, in terms of Regulation 33 of SEB Requirements) Regulations, 2015 (Listing Obligation and Disclosure Pursuant to" Regulation 33 of SEB (LODR), Regulations, 2015, we enclose the following: 1 Statement Showing the Audited Standalone Financial Results for the quarter/year ended March 31, 2018, 2 Auditors Report on the Audited Standalone Financial Results and 3 Declaration in respect of unmodified opinion on the aforesaid Audited Standalone Financial Result The meeting of the board of Directors commenced at 12:00 PM and Concluded at l 30 B i Kindly note the same and notify your constituents accordingly i Thanking You, Yours sincerely, FOR GUJARAT TERCE LABORATORES Shital Dalavadi Company Secretary Encl: As Above é Regd Otilce & Factory 122/2 Ravr Estate, Blieshwarpura, Admin Office 301 & 314 Aakashrath,_ Complex, Opp Nationa Handloom Corp, Chhatral, Ta : Kalol, Dist : Gandhinagar (Gull) inda } Nr Law Garden, C G Road, Navtangpura, Ahmedabad a»? PM Ph: it gtllfactory@gmailcom Emai : ho@gujarattercecom a: Web : wwwgujarattercecom CN : L281120J1985PLCOO7753 _

2 GUJARAT TERCE LABORATORES LMTED GUJARAT TERCE laboratores LTD l mam ) ClN:L281126]1985PLC Rengffice: 122/2, Ravi Estate, Bibshwamuuhhatral Dist Gandhinagar Gujarat,, Statement of Audited Standalone Financial Results for the Quarter/Year Ended 31/03/2018 [ Rsln Lakhs exce Particulars Quarter ended Year ended _ Unaudited Audited l_ 5 6 [ ll Other income V Revenue from operations ogl Revenue [ Mil ) Expenses: a) Cost of Material consumed b) Purchase of stock in trade jc) Changes in inventories of finished goods, WP and stock in trade d) Employees benefits expenses e)finance Costs !) Depreciation and amortisation exp g) Other Expenses Total Expenses l V Profit/(Loss) before exceptional and Extra ordinary tems and Taxes(lll - V) V Exceptional items V Profit/(Loss) before extraordinary items ~ land Tax (V-V) l V Extraordinary items X X Profit/(Loss) before Tax ( V-V) Tax Expenses 1405 X X 4 1) Current Tax Deferred Tax 2) Profit/(loss) for the period from continuing Toperations (X-X) Other Comprehensive ncome (Re-measurement losses onpost emplovement defined benefit plans ncome Tax effect Total 3649 Net loss/(gain) on Fair Value through OC (FVTOC) on equity securities 000 X Other Comprehensive ncome for the period, net of tax XV Total Comprehensive ncome for Mlod (XHX) 1607 _XV_Pald up EquityuMat par value of Rs 10 each) _XV Earnianuity share r a ) Basic 022 b ) Diluted l (See accompanylng notes to the Financial Results) Place:Ahmedabad [ For (in arat Terce laboratories limited \afit Natwarbhal PPra)apatl Ming Director DN: "1/ Regd Oiiice 8 Factory: 122/2 Ravi Estate, Bileshwarpura, 5* manna Office : 301 & 314 Aakashrath Complex, Opp National Han Chhatral, Ta : Kalol, Dist : Gandhinagar (Gui) NDA Nr Law Garden, 0 G Road, Navrangpura, Ahmedabad *5 Ph: gtllfactory@gmailcom Emai : h0@gujarattercecom e Web, : wwwgujarattercecom CN : L2811ZGJ1985PLC Ph:

3 GUJARAT TERCE LABORATORES LMTED Statement of Asses and Llabiitles As at 31st March 2018 [Particulars As at As at A ASSETS 1 Non-current assets 0 Fixed assets (i) Property, Plant and Equipment (iii) Other intangible Assets 000 0) Financial Assets i) nvestment ii Loans Tm()T2R8 165 Tf T650(iii) (ii) Capital work in Progress 1 000

4 GUJARAT TERCE LABORATORES LMTED Notes: The above Audited financial results have been reviewed by the Audit Coinmittee and thereafter approved by the Board of Directors at their meeting held on May 29, 2018 The Company has adopted ndian Accounting Standard ( nd AS ) notified by the Ministry of Corporate Affairs with effect from April 01, 2017 and accordingly these financial results have been prepared in accordance with the ndian Accounting Standards ( nd AS ) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder The Company is operating in single (Pharmaceutical) segment, so above results are forsingle segment only To facilitate Comparison, figures of previous periods has been rearranged, wherever necessary The ND-AS compliant financial results for the quarter ended March 31, 2017 and year ended March 31, 2017 have not been subjected to limited review or audit However, the management has exercised necessary due diligence to ensure that the comparison of the financial results provided of its affairs true and fair view The reconciliation of Net Profit reported in accordance with ndian GAAP to Total Comprehensive ncome in accordance with ND AS is given below Particulars Quarter ended Previous Year on March 31, ended on 2017 (Rs n March 31, Lakhs) 2017 (Rs n Lakhs) 1 Net Profit/(loss) as per GAAP 2 ND AS Adjustment: ndian $57,_ Comprehensive A Deferred Tax impact on ND - B AS adjustment Other Adjustments 3 Net Profit/(loss) before Other f r per ND AS (1+2) ncome as 4 Add/Less: Adjustment in Other ncome Comprehensive 5 Net Profit/(loss) after Other - Comprehensive ncome as perlnd AS (3+4) M ; Regd Office & Factory: 122/2 Ravi Estate, Bileshwarpura, Admin Office : Aakashrath Complex, Opp National Handloom Corp, Chhatral, Ta : Kalo, Dist : Gandhinagar (Gui) NDA Nr Law Garden, C G Road, Navrangpura, Ahmedabad % Ph: Ph: *» Emai : gtllfact0ry@gmailcom «3 ho@gujarattercecom *4 Web :wwwgujarattercecom CN : L281126J1985PLCOO7753

5 GUJARAT TERCE LABORA TORES LMTED 7 Reconciliation of Equity as previously reported under ndian GAAP and nd As: Particulars (Rs n Lakhs) Notes (F ANY)* Equity as reported under ndian GAAP Less/Add: Adjustments Equity as reported under ndian AS For the previous year Place: Ahmedabad Date: 29/05/2018 For, Gujarat Terce Laboratories Limited i ( T Sf%3: 234 T} Q Natwarbhai P Praiapati Managing Director DN: Regd Office & Factory: 122/2 Ravi Estate, Bileshwarpura, 1;: Admin Office : 301 & 314 Aakashrath Complex, Opp National Handloom Corp, Chhatral, Ta : Kalol, Dist : Gandhinagar (Gui) NDA Lg Nr Law Garden, C G Road, Navrangpura, Ahmedabad a Ph: Ph: % gtllfactory@gmailcom Emai : ho@gujarattercecom e Web :wwwgujarattercecom CN : L28112GJ1985PL

6 , USS & ASSOCATES \ Chartered Accountants 25, Avani Complex 2nd Flo-or B/h Navrangpum Police Station, AhmedabadGBO 009 Phone 079, umlcafiyyahoo co uk NDEPENDENT AUDTORS REPORT To, The Board of Directors of Gujarat Terce Laboratories Limited We have audited the quarterly financial results of Gujarat Terce Laboratories Limited for the quarter ended 31St March, 2018 and the year to date results for the period 01/04/2017 to 31/03/2018, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEB (Listing Obligations and Disclosure Requirements) Regulations, 2015 The quarterly financial results are derived amounts between audited amounts in respect of the year ended 31St March, 2018 and published year to date amounts upto 31St December, 2017 being the date of the end of third quarter for the current financial year which was subject to limited review The financial results for the quarter ended 31St March, 2018 and the year then ended have been prepared on the basis of financial results for the nine month period ended 31St December, 2017 and the audited annual nd AS Financial Statements for the year ended 31St March, 2018 which are the responsibility of the Management of the Company and have been approved by the Board of Directors of the Company Our responsibility is to express an opinion on these financial results based on our review of the financial results for the nine months period ended 31St December, 2017 which were prepared in accordance with the recognition and measurement principles laid down in nd AS 34 nterim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder; or by the nstitute of Chartered Accountants of ndia, as applicable and other accounting principles generally accepted in ndia; our audit of the nd As financial Statements for the year ended 31St March, 2018 and the relevant requirements of Regulation 33 of SEB(Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular No ClR/CFD/FAC/62/2016 dated July 5, 2016 We conducted our audit in accordance with the auditing standards generally accepted in ndia Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s) An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results An audit also includes assessing the accounting principles used and significant estimates made by management We believe that our audit provides a reasonable basis for our opinion

7 « USS & ASSOCATES Chartered Accountants B/h Navrangpura Phone 079» 25, Avani Complex, 2nd Floor, Police Station Ahmedabad u;alca@ya nooco uk n our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results: (i) (ii) Are presented in accordance with the requirements of Regulation 33 of the SEB (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular No ClR/CFD/FAC/62/2016 dated July 5, 2016 in this regard; and Give a true and fair view of the comprehensive income (comprising of net profit and other comprehensive income) and other financial information for the quarter ended 31St March, 2018 as well as the year to date results for the period from 1St April, 2017 to 315t March, 2018 Further read with paragraph 1 above, we report that the amounts for the quarter ended 31St March, 2018 are derived amounts between audited amounts in respect of the year ended 31St March, 2018 and published year to date amounts up to 31St December, 2017 being the date of the end ofthird quarter for the current financial year which was subject to limited review For, USS & ASSOCATES CHARTERED ACCOUNTANTS Firm Reg No :122634w, " 7"Q; {435" i " Hl > i\\ \7i\u cm, CA UJAL S MEHTA (Proprietor) M No : Date: 29/05/2018 Place: Ahmedabad

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