Reliance Industries 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 figures for the corresponding previous period have been regrouped / reclassified wherever necessary, to make them comparable.
2. a. During the quarter, the Company issued listed unsecured non-convertible redeemable debentures amounting to Rs. 12,000 crore (Paid-up to the extent of Rs. 10,000 crore) in four tranches (Series G, H, IA and IB). The Company also fully redeemed secured non-convertible Debentures (PPD 177 and PPD 179-T3) amounting to Rs. 503 crore during the quarter.
b. The listed secured non-convertible debentures of the Company aggregating Rs. 500 crore as on 31st December, 2018 are secured by way of first mortgage / charge on the Company’s certain properties. The asset cover in respect of the non-convertible debentures of the Company as on 31st December, 2018 exceeds hundred percent of the principal amount of the said listed non-convertible debentures.
3. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results and its release at their respective meetings held on 17th January, 2019. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results.