Pondy Oxides & Chemicals 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 quarterly results for the quarter and nine months ended December 31, 2018 as reviewed and recommended by the Audit committee, has been approved by the Board of Directors at its meeting held an January 21, 2019. The limited review is required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 has been completed by the Statutory Auditors.
2. Financial results for all the periods presented have been prepared in accordance with recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time.
3. Post the applicability of Goods and Services Tax (GST) with effect from July 01, 2017, revenue from operations are required to be disclosed net of GST in accordance with the requirements of Ind AS. Accordingly, the revenue from operations for the nine months ended December 31, 2018 are not comparable with the corresponding nine months ended December 31, 2017.
4. The operations of the Company falls under a single primary segment i.e., 'Metal" in accordance with Ind AS 108 "Operating Segments" and hence segment reporting is not applicable.
5. Previous period figures have been regrouped wherever necessary.