HBJ! MVSSKumar ~~ Company Secretary

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1 HBJ! 28t 11 May The Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai BSE STOCK CODE: The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (East) Mumbai NSE CODE: HBLPOWER Dear si r I madam, SUB: OUTCOME OF THE BOARD MEETING ON 28 1 H MAY 2018 Pursuant to Regulations 34(2), 47(1) and 53 of SEBI (LODR) Regulations, 2015, we wish to inform you that at a meeting of the Board of Directors of the Company held on 28th May 2018, the Board interalia approved the following: 1. Audited (standalone) financial statements of the Company for the financial year ended on March 31, 2018 along with draft auditors' report thereon. 2. Financial results (standalone) for the fourth quarter and financial year ended on March 31, 2018, prepared pursuant to SEBI (LODR) Regulations, Recommended a dividend of 25% (ie Twenty five paise for every paidup share of One Rupee) for the year , subject to approval of members at the Annual General Meeting. A copy of the (standalone) audited financial results of the Company for the quarter and year ended 31st March 2018 are enclosed. We hereby declare that pursuant to para 4.1 of SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016 that the Report of the Auditors is with unmodified opinion. This is for your kind information and record. Please acknowledge receipt. Thanking you Yours faithfully For HBL Power ( s Limited MVSSKumar ~~ Company Secretary HBL Power Systems Ltd , Road No. 10, Banjara Hills, Hyderabad T.S., INDIA Phone: , Fax: CIN :L40109TG1986PLC website :

.,. ' lca...,./ RAO&KUMAR CHARTERED ACCOUNT ANTS Auditor's Report On Quarterly Standalone Financial Results and Standalone Year to Date Results of HBL Power Systems Limited.

We have audited the quarterly Statement of Standalone financial results of HBL Power Systems Limited (the Company) for the quarter ended 31st March 2018 and for the year then ended (the Statement),

2 .,. ' lca...,./ RAO&KUMAR CHARTERED ACCOUNT ANTS Auditor's Report On Quarterly Standalone Financial Results and Standalone Year to Date Results of HBL Power Systems Limited. pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations To The Board of Directors ofhbl Power Systems Limited 1. We have audited the quarterly Statement of Standalone financial results of HBL Power Systems Limited (the Company) for the quarter ended 31st March 2018 and for the year then ended (the Statement), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Attention is drawn to the fact that the figures for the quarter ended 31st March 2018 and the corresponding quarter ended in the previous year as reported in the Statement are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter df the relevant financial year. Also, the figures up to the end of the third quarter had only been reviewed! and not subjected to audit. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors 1, has been compiled from the related financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (lnd AS) (as amended), prescribed under Section 133 of the Companies Act, 2013 read together with relevant applicable rules issued thereunder; or by the Institute of Chartered Accountants of India and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statements based on our audit of such standalone financial statements. 2. We con~ucted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial jresults are free of material misstatement(s). An audit includes examining, on a test basis, evidence supportifg 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 I reasonaljle basis for our opinion. 3. In our opinion and to the best of our information and according to the explanations given to us the Statements: (i) are dresented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disc~osure Requirements) Regulations, 2015 in this regard; and (ii) give Ia true and fair view of the net profit and other financial information for the quarter ended 31 sit Mar1h 2018 and for the year ended 31st March For Rao & Kulmar Chartered Acbountants FRN 03089S I /:A~ ~A~irban Pal 1 M.No.21491r Date: 28/05Yz018 I. '' I ~~~9 Visakhapatnam : Door No : /4 Soudhamani, Siripuram Visakhapatnam 530 po3 Phone: !327, Fax : ~. Hyderabad: Door No : 63680/8/3/4b/(p4), Sri Lakshmi Vishnu Sadan, Thakur Mansion Lane, Somajiguda, Hyderabad Phone:

HBl Power Systems ltd CIN: L40109TG1986PLC006745 82601, Road No.

83 (b) Other Income 1222.68 Total Income 42669.51 2 Expenditure a) Cost of Materials Consumed 24841.24 b) Purchase of StockinTrade 513.

3 HBl Power Systems ltd CIN: L40109TG1986PLC , Road No.10 Banjara Hills Hyderabad Standalone Audited Financial Results for the year ended 31st March 2018 Particulars 31Mar18 1 Income from operations (a) Sales I Income from operations (b) Other Income Total Income Expenditure a) Cost of Materials Consumed b) Purchase of StockinTrade c) (Increase) I Decrease in Finished goods, work in Progress and stockintrade d) Excise duty on sales e) Employee Benefits expense f) Finance Costs g) Depreciation and Amortisation expense h) Other Expenses Total Expenses Profit/( Loss) before exceptional Items (12} Exceptional items (Income) I Expenditure Profit/(Loss) before Tax (34) Tax Expense a) Current Tax b) Deferred Tax (Asset)lliability (129.88) c) Income Tax relating to previous years Net Profit/(Loss) after Tax (56} Extraordinary Items (net oftax expense) 9 Net Profit/(Loss) for the period (78} Other Comprehensive Income (Net of tax) Items that will not be reclassified to Profit or Loss Remeasurement of Defined Benefit Plans (287.41) Income Tax Total Comprehensive Income ( 9+10) Paidup equity share capital (Face Value Re 1/ each) Reserves excluding revaluation reserves (as per Balance sheet of previous accounting year) 14 i Earnings Per Share (before extraordinary items) (of Re 1/ each) (not annualised}: a) Basic 0.23 b) Diluted 0.23 ii Earnings Per Share (after extraordinary items) (of Re 1/ each} (not annualised): a) Basic 0.23 b) Diluted 0.23 Quarter ending HBL R. L kh s. m a s For the year ended 31Dec17 31Mar17 31Mar:LS 31Mar17 (Unaudited) ( ) : ! S (54.16) (262.19) (152.31) (280.04) (66.92) (12.02) (35.32) 4.16 (5.34) (87.68) The above financial results were reviewed by the Audit Committee in its meeting held on May 28, 2018 and approved by the Board of Directors at the meeting held on May 28, Post the applicability of GST with effect from July 1,2017, Sales are required to be disclosed net of GST. Accordingly, the Sales figures for the quarter and year ended March 31, 2018 are not comparable with the previous periods presented in the results. 3 As on , the company has four Subsidiaries, viz; HBL Germany GMBH, HBL America Inc, SCIL Infra con Pvt Ltd and HBL Suntech LLP, and also has one Joint Venture Gulf Batteries Company Ltd.(Kingdom of Saudi Arabia). Due to non availability of Audited I Unaudited financial statements of the said companies as on , Consolidated Financial Statements could not be prepared and published along with stand alone results of the company as required under Regulations 34(2), 47(1) and 53 of the SEBI(LODR) Regulations, The Board of Directors recommended a Dividend of 25% on the paidup capital of the company, representing Re.0.25/ per Equity Share. 5 Figures ofthe previous quarters I periods have been regrouped, wherever necessary. 6 The results shall also be available on website of the Company : BSE : and NSE: for HBL Power Systems Ltd Dr. AJ Prasad

HBL Power Systems Ltd 82601, Road No.10 Banjara Hills, Hyderabad 500 034 Statement of Assets & Liabilities SI.

Financial Assets Investments Other Financial Assets Other Non Current Assets Subtotal NonCurrent Assets Current Assets (a) (b) (i) (ii) Inventories Financial Assets Investments Trade Receivables

4 HBL Power Systems Ltd 82601, Road No.10 Banjara Hills, Hyderabad Statement of Assets & Liabilities SI.No A 1 2 ASSETS Non Current Assets (a} (b) (c) (d) (e) (i) (ii) (f) Particulars Property, Plant and Equipment Capital Works in Progress Other Intangible Assets Intangible Assets under development Financial Assets Investments Other Financial Assets Other Non Current Assets Subtotal NonCurrent Assets Current Assets (a) (b) (i) (ii) Inventories Financial Assets Investments Trade Receivables (iii) Cash and cash equivalents (iv) Other Bank Balances (v) Other (c) Current tax assets (d) (e) Other Current Assets Assets held for sale Subtotal Current Assets As at HBL ( l'illn lakhs) As at 3: B TOTAL ASSETS EQUITY AND LIABILITIES Equity (a) Equity Share Capital (b) Other Equity Subtotal Shareholders' funds Non Current Liabilities (a) Financial Liabilities (i) Borrowings {b) Provisions (c) Deferred Tax Liabilities (Net) (d) Other noncurrent liabilities Subtotal NonCurrent Liabilities Current Liabilities (a) Financial Liabilities (i) Borrowings (ii) Trade Payables (iii) Other financial liabilities (b) Other Current Liabilities (c) Provisions (d) Current Tax liability Subtotal Current Liabilities TOTAL EQUITY AND LIABILITIES For HBL Power Systems Ltd Dr. A J Prasad

5 HBL POWER SYSTEMS LTD Segmentwise Revenue, Results and Capital Employed For the quarter ended March 31, 2018 (Rs in Lakhs) Quarter ended Forthe Yearended 31Mar18 31Dec17 31Mar17 31Mar18 31Mar17 (Unaudited) Segment Revenue Batteries Electronics All Other Segments Total Less: lntersegment Revenue (66.34) Sales/Income from Operations Segment Results Batteries Electronics ( ) ( ) All Other Segments (660.09) (55.05) (820.79) (767.31) (653.33) Total Less: i) Interest ii ) Exceptionalltems(lncome)/Expense ii ) All Other Segments Expenditure net off (589.06) iii) All Other Segments Income Total Profit Before Tax after Extraordinary Items Segment Assets Batteries Electronics All Other Segments ~~ Segment Liabilities Batteries ll Electronics All Other Segments S Total jl Notes: (a ) The company's operations include Batteries of different types, Electronics, Railway Signalling contracts etc. The segment revenue, the segments results and the segments assets and liabilities of Batteries and Electronics are considered as reportable segments as prescribed in lnd AS 108 " Operarting Segments." Other activities, being below the threshold limit, are included in All other segments. ( b ) Inter segment revenue is measured at the market price at which the products are sold to external Customers For HBL Power Systems Ltd Dr. A J Prasad

H31? Kavitm WW PM. Thanking you Yours faithfully For HBL Power Systems Limited. Exchange Plaza, Bandra Kurla Complex 001 Bandra (East) Mumbai

H31? Kavitm WW PM. Thanking you Yours faithfully For HBL Power Systems Limited. Exchange Plaza, Bandra Kurla Complex 001 Bandra (East) Mumbai 400 400 H31? 12 h November 2018 The Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai The Listing Department National Stock Exchange of India Limited Exchange Plaza,