vRL roclsilcs LTD Tlr

TO,

BSE LimitedPhiroze Jeejeebhoy TowersDalal StreetMumbri- 400001

Dear Sir/ Madam,

Subr Outcome of Board Meeting held on 0t,08.2016 and approvat of Reviewed Un-AuditedFitrancial Slatemenls for lhe Quarter ended 30'n June 2016

Rcfr Scrip Codcs (BSE: 539118, NSE: VRLLOG)

With respect lo above captioned subjecr and in accordance wirh Regulation 33 of the SEBI (ListingObli8ations Disclosure Requirements) Regulations 2015, Board of Directors of the Company at theiimeerinS held todaJ. inter alia apprc\cd the reviewed un-audited financials of the Company for thequaner endcd lO'h June 2016 along wilh rhe status of urilization of public issue procecds as requiredunderthe extant provjsions ofrhe Listing Regulalions.

We enclose herewith the copy ofthe revielved un-audiled financials (press release) which also includes astatement ofutilization ofpublic issue proceeds for your reference and records. We also enclose herewiththe copy oflhe Limited Revicw Report furnishcd by the auditors ofthe Company thereon

We rcquest you to kindly take nore oithe same.

Thanking you,

Yours faithffi ,

For vRL LOGISTICS LIMITEDftN

lrvlnunnrii pnlnxevrsCOMPANY SECRf,TARY AND COMP

Date:01.08.2016Place: Hubballi

Corporate Otfi<e :

Giriraj Annexe Circuit House RoadHUBBALLI - 580 029 Karnataka StatePhone : 0836 2237511Fax : 0A36 2256612e-mail : headoffice@vrllogistics.com

National Stock Exchange of India limitedExchange Plaza, Plot No.C/l, G-8lock,Bandra - Kurla Compler, Bandra lE),Mumbai-4OO 051

6EI/

Regd,& Admn. Offi(e: Bengaluru Road Varur HUBBALLI-58'l 207 Karnataka StatePhone :0836 2237613 tax 10836 22376I4 e-mail : varu rho@vrllogistics.corn

Customer Care : HUBBALLI O 0a36- 2307a00 e-mail : <ustomercare@vrllogisti<s.<omWebsite : www.vrllogistics.com CIN : L6O2tOKAt983qLCOOS247

Walker Chandiok &Co LLP

GlEtr.tl'd.bbdXm''K*ft'|.ui6r

Wr*.f Chldio* & Co LlP{Fome/y Walker, Chandiol & Co)

I +9122662626AJF +91 22 6626 26Al

R€view Report on Quartetly Financial Rceults of rhe Company puteuanr to Regulation 33 of

the SEBI (Listing Oblig.tion6 .trd Di6closute Requiternents) Reguletion3, 20i5

To the Boaid of Directors ofVRL I-ogi6tic6 Limited

1. We have reviewcd the accomPaiying stat€ment ofunauditcd Enmcial results ('thc Statcmcni) ofVRL Logistics Limit€d ('the Company'') fo! the quart€r ended 30 June 2016 Attention is draun

to d,. fa-ct that the figures for th. .offesponding guarter ended 30 June 2015' including dre

teconciliauon of net profit under Ind AS of the conesponding qurrter with net ptoEt teported

under prwious lndirn GAAP, rs included in ihe Statement have not been subj€ct to limited

r*iew or audit. llIG Staterncnt is the tesponsibitq of tle Company's Maragerncnt and has been

approved by the Boaid ofDirectors Our responsibfity is to issue a repon on t}le Staterncni based

on orrl rcvrew.

2. W€ conducted our review in accordance with the Standard on Review Engagements (SRE) 2410'

Reviev of Interirn Financiat Information Performed by dte Independent Auditor of the Entity,

issued by the Institute of Chtrtered Accountan(s of lndia. Tlis standrrd tcqufes thrt ve Plin and

perfonD the teview to obtain moderate assurance as to whether L\e Statemeit is free of m'terial

;nsstatem€nt. A reviry is lmited pdmarily to inquirics of companv personnel rnd analvtical

procedures, applied to frnincial data and thus Ptovides lcss assuance than an audit we have not

DedoIlned an xudit and accordiryly, s'e do not eipr€ss a'l audt oPmron'

o,fu.nratcmB{rr(crtqNlw&hl1000Ihdu

Walker Chandiok&Co LLP

3. B.s€d oIr our revicst conducted as abovg nodiag has comc to out attcnt'ron tbat ceuses us to

beliese lhat the accompmying Stat€mcit Pt€Pered in accordance with eppliceble accounting

standrrds, rc notifrcd unilet the Compania (Indian Accounting Stand.rds) Rulcs, 2015 as spccidcd

in Section 133 of thc Comp.nies Act, 2013 rcad vith SEBI Citcrnar CIR/CFD/CMD/15I2015&tcd 30 Novenrbct 2015 and SEBI circular CIR,/CFD/FAC/62/416 d^t d 5 JiJry m16

^ndothcr tccognised accounting Practices rnd Policics has not disclosed the infonntion rcquiftd to b€

disdosed ln terns of Rcguletion 33 of the SF,BI (Listing Obligations and Disdosurc

Rcquirdncdts) Rtguhtions, m15, hduding thc rDannct h which it is to bc di6doso4 o! lh't itcontrins arry matetLl missatcrnmr

[^t.tt+ g.^.1-U Lb CL-fFor Velkcr Chairdiok & Co LLP(ftma! Valb4 Chndiok a9 Co)

Chand€d Accout nt!Fil]tl Rc8istntion No. 0010?6N/N500013

gilK.*i"tmc.M€mbcrship No- 106815

1 Aurust m16

vrl taaMrct uMtDLalrt t d ol!a: ratt l(I, fu.1, !-a-ha i6a, V.fu, Eltt !!- lal2o?, tt.Er.hclt : Isoztox^t9Sattaoailtt, td.n ! .rd.al.rta@

af,atutl'r oF uf uDrtBD tltticll! ttaoli! lrot ttlr QuJrfitf riDtD ao JUrt 2016

I

2

3

67

a9loltt2t3t4

lacooo &oo oFl|6od.- Incoac &oE oFrations- Oth6 opqatilr{ idcoae

45,54{r.61315_91

44,4t6.t2397.40

Tot l r-..o-G &6 .||rcoitd h3al 15.U.62 /t4,tL3.52

- Opcdting *p.n*s- EoploJ6 bcn ft3 cxpds5- D.peirtion and @o.tistioa qp.a!.!

32,O11.656,610.252,373.

537.94

30,676.425,2fi.792,2m.64

449.19&ql.'rr.!..r +1-648.?a 3a-6/46-oalroit A.D oDctrdolr h.fot otl.r tro;!.. tr.r.ro. ;tt,..d .ac.rtlonl lt 0 ll.2l 4.3ito.74 6.t67.11

229.53 226.1Oholt froE onlb$t rotMtbr Lfor. &.!o. 6o.t .!tt.ro.Dgord lt l! 13+41 4,EeO.27 5.3t3.64

665.63 |.o32.79Floni &.Eori a.lr .cttvttla .ft.r AD;-oo.t blth.tlrt .ioDtLlrl ltc! 15-61 3,49,+.64 6.t60,

l'odt nor! odt!.w rc.t|t{t|.. LbF t r ti+ll 3.at t.6/t 5.360.76L,247.97 1.7m.74i.t ?r!6t too or{!r.ry .c'tMt|-. .n r t i z.ffi,m 3.54{!.('1

Oth.r @mr!.hccie. i!@mc ltur of r"l Qr.40l lroa.r r?otrl colrrc!.rrlr! b@. 2.r&,s.atD l.tal.90P.id-up .guity 3b6r. caFital {fae varue of | 1Ol- ach)Ebmirs8 p.i !b.l! laot aMusrird) ( | ) tDdivcd baEd on

BadcDilut d

9,t24.35

2.902-90

9,124.35

4.64.06

,i.\

:l

BlclMt-tttt tlvttirl, tlal,r.fa ttD c^pttlt tltt otlD toR tnt QvAtatlt ltDltt 3tt .'l''! 1t)16

llo.tu. txrlS

l, &!oat !! .or.4 Cood! transportb) Bu! oFraiionsc) salc of Ftrcrd) Air chancdag s8ice€) UnalleabL r€v€nueTot€lL€ssr lntcr s€@dt @oue

35,407.219,119.55

685.62335.23315.91

33,969.149,468.73

7 LO.Og264.t5397.40

45,464_s2 44,4r3.52

Ilcra. fro6 oF rd.o. {!.t} ,+6.45/r.s2 44.414.52

2. &aB.!t rEult(Proft before tax and fnance costs)

a) Cood8 tlanspodb) Bus opcrations

d) Air chart€riry s€rviceTot6l

l,.o: un.lloebL lq!c!dltur.l/!!E!||c:a) Fina4e cost!b) Othcr cxDcadituie (a€t of othfr inc@d

3,392.881,424.74

253.47t91.34)

4,259.892,t67.tO

285.60(39.50)

4,980_15

(66s.63)t4l9.aa)

6,673.09

lt,o32.7911279.551

s,491.4 5.360.75

3. C.plt l .oEr.t dlS.aE at ....t - 8.9m4 U.I rd..l

4 Goods t anspdtb) Bus oFlati@sd sarc ofpowcrd) Air chancrina s.rvic€

43,71t.4313,97O.O211,390.643,493.03

l1a-545.971

44,6t1. t2r2,l06.l412,764.493,492.2a

e2-437.A91Totd 54.9179.1t 5('.140.14

1l Thc fmcial Gults ror thc quat r 6d.d 30 Jun.2016 @ in complisnc. lrith thc lndia! Aeountiry stadads (lnd As)notfi.d by the Mini.tty of CdPo6t AtraiE. Con5.qu.ntly, th. financial reult! for th. cotuponding qu.rt r .rdcd 30 June2015 havc bcn r.tat d to @mply witb Ind AS to ftsk thcm compaEblc.

2) The findcial rcsults wd rdieed t'y the Audit Committe dd w.rc ti.rc.ft.r apprd€d by th. B@rd of DircroF of theCdlony at thcir Bp.ctive m.ctinS! h.ld on I Augu.t 2016. Thc ltltutory auditorE of thc Cdpany havc.si.d out thctimited mio only in rc3pcct of th€ lindcial eults lor thc quart r .ndcd 30 Jun. 2016. Th. Ind As conpliet finalcial Gultspertaining b rh. cordFnding quartf.nded 30 Junc 2Ol5 havc not b..n .ubjet d to linit€d revid or audit. Howc6, theddagdent hd *rcised ne€$ary du. diligmcc to cmurc that th. nndciai .!sul& prNid. a kuc and fair vi4 of its affans.

3) Rcconciliqtion of tbc nmncial rcBult! for th. quancr 6dcd 30 Jun. 2015 uging applicabL tdd AS snd cFtwhilc Indid GAAP

4) The utilsnon or lPo p@.€d! b .umdi..d b.low:

Finece cost d.-Eognis.d ba.ed on .lTetivc intcrcsr cdt and fair

Amdtietion of prcpaid lcls r6t &i!in8 frch di.countina of leurity

Obj.ctr of t!. UU!..tL.

30 itu. 2tll6

Urdll!.d

Purchac of aood. tnnlFr.adon Ehiclc! 6.741,51 3,a19.32 2,922.192 Repayn6r/prepayh@r, in fuU or pan, of c!.tain bomrids.

aailcd bv th. cmr'v2,aoo,oo 2,4oo,00

3 c@.rEl @rpo.atc pur?os t,45/2,99 t,452.9!..uc ..lat .l aP.ns {only thoe apportion.d to th. 705,53 705.53

lot|l I l.?o().rxl 4.7r7.e1 2.9&t.t9

Thc unutni.cd eount! of lh. i!!uc a at 30 Jun.2016, havc b.d tdtbnrily d.ploy.d in €h crcdit a@unt Fith a3chedulcd @@rcia.l bdk Thft e adcquat 6h ctldir dnFing linit a€itabt. wirh rhi. bank for th. C(nFiy, which viUb. utni..d topard3 tllc obie& a Btated in the Prcsp.cru..

5) M/s H. K, Varbhaddrappa & Co, Hubbali, onc of th. joint ltatutory auditon of the Conpany harc sutmitted ihenBigoation lend to the ComFny 6d @n!.qu€nrly thc limitcd dia of th. fiEncial @ult. for the quartd 6dcd 30 Jude2016, frs l:di.d oui b, M/! walk.r chandiok & Co LLP, Mumtai, thc othd joint statutory auditoF of rhe comFay. ThcB@rd of di€to6 har! appointcd th€m a thc tolc staturory auditor6 of thc Cmpaiy at th.n mGting hctd on 1 Augult 2016dd lhe sdc iE being pbpogcd fo. ntification by thc sb@hold.$ ar thc cn.uinA Annual cd.rEl Mcting of the conp€ny.

6l ln *cotddcc Fith th. requircmdt! undd R.aulation 33 ol thc scuritica snd Axchangc B@rd of India (U.ting obligations6d Di&lo.urc R.quircmcnt!) R.sulation!, 2015, th. .rstutory auditoB hav. p.rfomcd rhc limitcd sid of th. timncialGults of thc ComPany for the quartcr cnd.d 30 Juac 2016. Thcrc e no qualilication! in thc limit d twid rcpo.t issue<t tor

7) Previou3 p€riod fisu6 havc bccn rc,g.oupcd/@ngc.t, wh@B n@esaJy to mak thcir cla.sificario. codpoEblc with

lor .!{ o! !.h.tf of tl. Eoril of VRL loolaIca LIIITID

\W. L'1'":Aru.l A.nl-hhrI.ryb! Dltlotot

PLe: Ellb.lllDrt:1AWr.t2016