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UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30 2005

Sr. No. Particular

Quarter Ended

Year Ended
30.06.2005
(Unaudited)
30.06.2004
(Unaudited)
31.03.2005
(Audited)
1. Sale of Stock - Shares 466.04 261.26 1203.93
2. Other Income 37.66 35.70 95.43
3. Profit/(Loss) on sale of Investment 707.82 223.11 1050.33
4. Total Expenditure
(Excluding Interest & Depreciation
     
  a) (Increase)/Decrease in Stock 222.35 (537.21) (516.07)
  b) Purchase of Stock * 187.32 784.87 1610.54
  c) Staff Cost - - -
  d) Other Expenditure 34.19 17.66 212.56
5. Interest - - -
6. Profit before Interest & Depreciation 767.67 254.76 1042.66
7. Less : Depreciation 9.09 10.06 40.22
8. Less Provision for Tax 43.72 - 50.36
9. Profit after Tax 714.86 244.70 952.08
10. Add/(Less) : Short Provision - - (0.48)
11. Profit for the Period 714.86 244.70 951.60
12. Equity Share Capital 24.00 24.00 24.00
13. Reserves (Excluding Reval. Res.)     5,074.36
14. Earning per Share of Rs. 10/-
Basic & Diluted (not annualised) (Rs.)
297.86 101.96 396.50
15. aggregate of non-promoter shareholding      
  No of shares 27960 27960 27960
  % of holding 11.65 11.65 11.65

Notes :

  1. The above result have been taken on record by the Board of Directors of the Company at the meeting held on july 29, 2005
  2. Previous year's figures hav been regrouped, rearranged where necessary.
  3. During the period under consideration, the Company realised profit on sale of some of its investments to take benefit of bullish sentiment prevailing in the capital market. As a result, profit for the quarter is considerably higher. The profit may not be representative of the result for the full year.
  4. The company operates in only one segment, namely Investments.
  5. * During the FY 2004-05, purchase of Stock includes RS. 508.01 Lacs being conversion of Investments into Stock.
  6. Provision for tax is arrived at by reducing Deferred Tax Asset of Rs. 1.28 lacs from Current Tax expense of Rs.45 Lacs.
  7. During the quarter under review, the company acquired 720,000 shares of Sunshield Chemicals Ltd. after the completion of open offer required under SEBI (Substantial Aquisition of Shares & takeovers) Regulations, 1997. The acquisition was made  at par (Rs.10/-). The Company further invested Rs. 300 lacs in the company by subscribing to their Preference Shares.
  8. There were no pending investor complaints at the beginning of the quarter. During the quarter no complaints were received and no complaints were pending at the end of the quarter.
  9. The Company's Auditors have carried out 'Limited Review' of the aforesaid results.

For AEONIAN INVESTMENTS COMPANY LTD
AMIT C. CHOKSEY (CHAIRMAN)
Mumbai, July 29, 2005