Ruby Mills Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors, in their respective meetings held on 30th May, 2019 and subjected to Limited review by the statutory auditor.
2. Ind AS 115 Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after 1st April, 2018, replaces existing revenue recognition requirements. The application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results of the Company.
3. The Board of Directors have recommended a dividend of Rs. 1.75 per equity share of Rs. 5 each for the financial year 2018-19. The same is subject to approval of shareholders in the ensuing Annual General Meeting.
4. Figures for previous year / period have been regrouped wherever necessary.