Sarla Performance Fibers 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. As regards exposure to the subsidiary in US, the management is confident that with the recent trade sanctions being imposed in the US, the operations of the subsidiary will be profitable. The management is monitoring the situation on a continuous basis and is confident that there would no need for an impairment at this stage.

2. The Audit Committee has reviewed these results and the Board of Directors have approved the above results at their meeting held on 1st February 2019.

3. Figures relating to corresponding period of the previous year have been regrouped wherever necessary.

Krishna M Jhunjunwala
Managing Director