Texmaco Rail & Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

1. (i) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their Meetings held on 4th February, 2019.

(ii) The above results for the current quarter and 9 months ended 31st December, 2018 have been reviewed by the Statutory Auditors as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.



2. The Scheme of amalgamation of Bright Power and Texmaco Hitech with the Company w.e.f. 01-04-2017 is fixed for final hearing before NCLT during Feb'19.



3. Ind AS 115 "Revenue from Contracts with Customers" mandatory for the reporting periods beginning on or after April, 2018 replaces the existing Revenue Recognition requirements. The Company has elected the option of the modified retrospective approach and the necessary adjustments have accordingly been made in the books of account.



4. Previous period figures have been re-grouped / re-arranged wherever necessary.