Subros Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. The above financial results were reviewed by Audit Committee at their meeting held on 23rd May, 2017 and taken on record by the Board of Directors at their meeting held on 23rd May, 2017.

2. The company's operations comprise of only one segment i.e. parts & components for Automotive Air conditioning systems.

3. The figures of the previous periods have been regrouped, wherever necessary, confirm to the current quarter's classification.

4. There was a fire accident in one of the plants of the Company situated at Manesar on May 29, 2016. The fire has severely impacted the building, stocks, plant & machinery. These assets were adequately insured with reinstatement clause and a claim has been made with the insurance company. An interim amount has been received from the insurance company against the claim lodged. Special/urgent actions to restart supplies to the customers post fire accident has temporarily resulted into additional costs during the quarter/ year under review which have been included in Exceptional Items as per serial number 8 of the results.

5. The Board of Directors at their meeting considered and recommended a dividend of Rs.0.50 per share for the year ended 31st March, 2017 of face value Rs.2/-each subject to the approval of the shareholders.

6. Consolidated Financial statement has been prepared in accordance with Accounting Standard-21 "Consolidated Financial Statements" and Accounting Standard - 27 "Financial Reporting of Interest in Joint Ventures". The above results includes the financial results of wholly owned subsidiary Thai Subros Ltd and proportionate (26%) of figures of Joint Venture, DENSO Subros Thermal Engineering Centre India Limited.

7. Tax expenses are net of MAT credit recoverable and include Current Tax and Deferred Tax.

8. The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date unaudited figures upto the IIIrd quarter of the current financial year.