GHCL Limited

January 31,2018

National Stock Exchange of India Limited"Exchange Plaza"Bandra - Kurla Complex,Bandra (E), Mumbai - 4OO 051

Dear Sir / Madam,

BSE LimitedDCS - CRD1st Floor, New Trading Ring,Rotunda Building, P.J. Towbrs, Dalal Street.Fort, Mumbai- 400 001

Re.: GHCL Limited (BSE Code: 50017,1 & NSE Gode: GHCL)

Sub.: t Boardresults along with Limited Review Report for the quarter & nine rnonthsperiod ended December 31. 2017

Pursuant to the provisions of Regulation 30(2) & Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 and other applicableprovisions, if any, intimation be and is hereby given that Board of Directors in their justconcluded meeting held on January 31,2018 has approved the un-audited financialresults (standalone) for the quarter & nine months period ended on December 31, 2017.We would like to inform you that un-audited financial results is in compliance with IndianAccounting Standard (lnd-AS) and the same is enclosed herewith.

We would also like to inform that the auditors have conducted the limited review of theun-audited financial results for the quarter ended December 31, 2017. The LimitedReview Report as placed before the Board of Directors is annexed herewith for yourrecord.

We would like to further inform that based on the recommendation of the Nomination &Remuneration Committee; the Board of Directors has approved re-appointment of Mr.Raman Chopra, as CFO & Executive Director (Finance) of the Company for a period of 5years with effect from April 1, 2018, subject to the approval of shareholders in theensuing Annual General Meeting.

t),+5Please note that the board meeting commenced at 11.30 a.m. and concluded at -t-:-----p.m.

Kindly take the same on record.

Thanking you

Yours faithfully

For GHCL LimitedA\\wrqBhuwneshwar MishraGeneral Manager & Company Secretary(Membership No.: FCS 5330)

GHCLHouse, B-38, Institutional Area, Sector-1, Noida-201301 (U.P.) India. Ph.:91-120-2535335,3358000, Fax:91-120-2535209.3358102CIN : L24100GJ1983PLC006513, E-mail : ghclinfo@ghcl.co.in, Website : www.ghcl.co.in

Regd. Office : GHCL House, Opp. Punjabi Hall, Near Navrangpura Bus Stand. Navrangpura. Ahmedabad-380009.

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A Dalmie Brothcrt Enterprise

S.R. Bfiusot &Co. LLP Golf View Corporate Tower - BSector - 42, Sector RoadGurgaon - 722 OO2, Haryana, India

Tel : +91 I24 464 4OOO

Fax : +91 t24 464 4O5O

Chartered Accountants

Review Report toThe Board of DirectorsGHCL Limited

We have reviewed the accompanying statement of unaudited standalone financial results of GHCLLimited (the 'Company') for the quarter ended December 3 1,2017 and year to date from October 01,2017 to December 31,2017 (the "statement") attached herewith, being submitted by the Companypursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations,20l5, read with SEBI Circular No. CIR/CFDIFACl62l20l6 dated Julv 5.2016.

The preparation of the Statement in accordance with the recognition and measurement principles laiddown in Indian Accounting Standard 34, "lnterim Financial Reporting" (Ind AS 34) prescribed underSection 133 of the Companies Act,2013 read with Rule 3 of Companies (lndian Accounting Standards)Rules, 2015 read with SEBI Circular No. CIR/CFD1FAC16212016 dated July 5, 2016 is theresponsibility of the Companv's management and has been approved by the Board of Directors of theCompany. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410.'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issuedby the Institute of Chartered Accountants of India. This standard requires that we plan and perform thereview to obtain moderate assurance as to whether the Statement is free of material misstatement. Areview is limited primarily to inquiries of company personnel and analytical procedures applied tofinancial data and thus provides less assurance than an audit. We have not performed an audit andaccordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believethat the accompanying Statement, prepared in accordance with the recognition and measurementprinciples laid down in the applicable Indian Accounting Standards ('lnd AS') specified under Section133 of the Companies Act,20l3, read with relevant rules issued thereunder and other recognisedaccounting practices and policies has not disclosed the information required to be disclosed in terms ofRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, readwith SEBI CircularNo. CIR/CFDIFACl62l20l6 dated July 5,2016, including the manner in which itis to be disclosed, or that it contains any material misstatement.

For S.R. BATLIBOI & CO LLPICAI Firm registration number: 301003E / E300005Chartered Accountants

PartnerMembership No.: 086370

Place: New DelhiDate : January 31,2018

5.R. Batliboi & Co. LLP, a Limited Liabilitv Partnership with LLP ldentity No. AA8-4294Reqd. Office :22, Camac Street, Block'C', 3rd Floor, Kolkata-7oo 016

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per Atul Seksaria