Commex Technology Ltd. announced that the board of directors of the company at its meeting held on April 02, 2013, has appointed Sudip Bandyopadhyay as Independent Director of the company with immediate effect. The company also announced that the board of directors has accepted the resignation tendered by Kishore Hegde as the Independent Director of the company with effect from March 31, 2013.

Commex Technology Limited, Board Meeting, Apr 02, 2013. Agenda: To approve board changes.

Commex Technology Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 56.020 million compared to INR 33.135 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 22.716 million compared to INR 20.470 million a year ago. Profit from ordinary activities before tax was INR 22.344 million compared to INR 20.386 million a year ago. Net profit was INR 22.204 million or INR 0.14 basic and diluted per share before and after extraordinary items compared to INR 20.386 million or INR 0.13 basic and diluted per share before and after extraordinary items a year ago. For the nine months period, on standalone basis, the company reported total income from operations (net) of INR 162.854 million compared to INR 109.720 million a year ago. Profit from operations before finance cost, interest and exceptional items was INR 72.711 million compared to INR 67.918 million a year ago. Profit from ordinary activities before tax was INR 75.712 million compared to INR 67.384 million a year ago. Net profit was INR 57.862 million or INR 0.37 basic and diluted per share before and after extraordinary items compared to INR 67.337 million or INR 0.43 basic and diluted per share before and after extraordinary items a year ago. For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 56.595 million compared to INR 33.578 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 22.941 million compared to INR 20.545 million a year ago. Profit from ordinary activities before tax was INR 22.569 million compared to INR 20.461 million a year ago. Net profit was INR 22.429 million or INR 0.14 basic and diluted per share before and after extraordinary items compared to INR 20.461 million or INR 0.13 basic and diluted per share before and after extraordinary items a year ago. For the nine months period, on consolidated basis, the company reported total income from operations (net) of INR 164.472 million compared to INR 110.569 million a year ago. Profit from operations before finance cost, interest and exceptional items was INR 73.339 million compared to INR 67.632 million a year ago. Profit from ordinary activities before tax was INR 76.340 million compared to INR 67.098 million a year ago. Net profit was INR 58.490 million or INR 0.38 basic and diluted per share before and after extraordinary items compared to INR 67.051 million or INR 0.43 basic and diluted per share before and after extraordinary items a year ago.