MSTC Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

Notes:



1) The above results for the quarter and year ended 31st March 2021 have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) notified under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 25th June 2021. The statutory auditor has reviewed the results as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI (LODR)) as amended.

2) The figures of quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures up to the third quarter of financial year.

3) Section 115BAA of the Income Tax Act, 1961 provides domestic companies with an option to opt for lower tax rates, provided they do not claim certain deductions. The Company has not opted for lower tax rate and has considered the rate as per the earlier provisions for the purpose of these results.

4) There were no exceptional items during the quarter and year ended 31st March 2021.

5) Other expenses for the period include contribution to PM Cares Fund of Rs. 50 million.

6) The audited accounts are subject to Supplementary Audit by the Comptroller and Auditor General of India under section 143(6) of the Companies Act, 2013.

7) Figures of the previous period/year have been regrouped/reclassified/rearranged to conform to the classification of current period/year, wherever necessary.

8) The Board of Directors have recommended final dividend @ 44 percent of equity share capital i.e. Rs. 4.40 per share for the F.Y. 2020-21.