Pil Italica Lifestyle Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 02, 2019. The statutory auditor have carried out limited review of the financials for the quarter and nine months ended on 30.09.2018 as required under Regulation 33 of SEBI (LODR) Regulation, 2015.

2. The Exceptional items comprises waiver of the creditors .

3. IND AS 115 Revenue from contracts with customers, has been recently introduced effective April 01, 2018 and its application did not impact on recognition and measurement of revenue and related items in the financial results for the quarter and nine month ended on December 31, 2018 including the retained earnings at 1st April 2018.

4. Figures for previous year, nine month and quarter end have been revised or reclassified, whereever necessary for consistency.

Daud Ali
Managing Director