Shemaroo Entertainment 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 unaudited financial results were, reviewed by the Audit Committee and approved and taken on record by the Board of Directors at its meeting held on 30th January, 2019.

2. The Company has adopted Indian Accounting Standard (Ind AS) from April 01, 2017 and accordingly these financial results have been prepared in accordance with recognition and measurement principles laid out in the Ind AS 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India.

3. The aforesaid Ind AS Financial results pertaining to the quarter and nine months ended December 31, 2018 have been subjected to a limited review by Statutory Auditor.

4. The above financial results are in accordance with the accounting policies followed by the Company in preparation of its statutory accounts.

5. There are no separate reportable segments as per Indian Accounting Standards (Ind AS 108) - Operating Segments.

6. Previous periods / year figures have been regrouped / reclassified, wherever necessary to conform to classification of current period.

Hiren Gada