Rushil Decor Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The above results have been reviewed by the Audit Committee and have been approved by the Board of Directors of the Company at their respective meetings held on 19th May, 2018.
2. The above results for the year ended on 31st March, 2018 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. Beginning 1st April, 2017, the Company has for the first time adopted Ind AS with a transition date of 1st April, 2016. The Reconciliation of Net Profit and Equity as per Ind AS & I-GAAP has been annexed herewith in Annexure-1.
3. Post the applicability of Goods and Service Tax (GST) with effect from 1st July, 2017, revenue from operations are disclosed net of GST, whereas Excise duty formed part of expenses in previous periods/year. Accordingly, the revenue from operations and expenses for the quarter and year ended 31st March, 2018 are not comparable with the previous periods/year presented in the results.
4. The Board of Directors has recommended dividend of Rs. 0.50 per equity share of Rs.10 each subject to the approval of shareholders.
5. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular no. CIR/CFD/CMD/56/2016 dated May 27, 2016; we hereby declare that the Statutory Auditors of the Company, M/s. Parikh & Majmudar, Chartered Accountants have issued an Audit Report with unmodified opinion on audited financial results of the company for the quarter and year ended March 31, 2018.
6. Previous year's/period's figure have been regrouped/rearranged wherever necessary.