Atul Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019

1. These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.



2. These results have been reviewed and recommended for adoption by the Audit Committee in its meeting held on April 25, 2019, and approved by the Board of Directors at its meeting held on April 26, 2019. The Statutory Auditors report does not have any qualification , modification.



3. The Company has reported Segment information as per Indian Accounting Standard (Ind AS) 108, 'Operating Segments', as below:



Name of segment Main product groups

Life Science Chemicals APIs, API Intermediates, Fungicides, Herbicides

Performance and Other Chemicals Adhesion promoters, Bulk chemicals, Epoxy resins and                                                                                          hardeners, Intermediates, Perfumery ingredients, Textile                                                                                          dyes

Others Agribiotech, Food products, Services



4. Effective July 01, 2017, revenue from operations is presented net of indirect taxes and duties, upon implementation of the Goods and Services Tax Act. Hence total income and total expenses for the year ended on March 31, 2019 and March 31, 2018 are not comparable.



5. Other income includes:

Particulars Standalone

for the quarter ended on for the year ended on

March 31, 2019 December 31, 2018 March 31,2018 March 31, 2019 March 31, 2018

Unauidted Unaudited Unaudited Audited Audited

Exchange (2.41) (10.06) 2.88 10.98 2.88

rate difference

- gain , (loss)



Consolidated

for the year ended on

March 31, 2019 March 31, 2018

Audited Audited

Exchange 10.67 1.61

rate difference

- gain , (loss)





6. Effective April 01, 2018, the Company has adopted Ind AS 115 using the cumulative effect method. As per transition provision, the standard is applied retrospectively to contracts that are not completed as at the date of initial application and the comparative information is not restated in the results. The adoption of the standard did not have any material impact on these financial results.



7. The Board of Directors has recommended a dividend of Rs. 15 per share (150%) subject to approval of the shareholders.



8. The Annual General Meeting of the Members will be held on July 31, 2019.