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Shanthi Gears 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 Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 01 February 2019.

2. The above results have been subjected to Limited Review by Statutory Auditors.

3. The Company's main business is manufacture of Gears and Gear Products.There are no separate reportable segments as per Ind AS 108 - Operating Segments

4. Board of Directors of the Company at the meeting held on 26 December 2019, declared a one-time Special (Interim) Dividend of Rs. 5 per Equity share of Re.1 each, for the financial year 2018-19.

5. The Board also approved a proposal for buyback of equity shares of the Company, not exceeding 50 lakh equity shares of Rs 1 each fully paid-up, at a price of Rs.140 per share, through the tender route on a proportionate basis, from the shareholders,which got approved by the shareholders through postal ballot on 29 January 2019.

6. The above financial results are also available on our website www.shanthigears.com

7. Previous period figures have been regrouped wherever necessary.