Tijaria Polypipes 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 results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on January, 24, 2019.

2. In view of thrust by the Central/State Governments on execution of various infrastructure projects, Company expects a robust revenue visibility in the 'PIPES' segment. Current order book is good.

3. Previous year/quarter figures have been regrouped/rearranged wherever considered necessary.

4. As regards deferred tax as per Ind AS-12 on ‘’Income taxes’’, there is a net deferred tax asset for the past years. As a matter of prudence, the company has not recognized the said deferred tax asset. However any deferred tax shall be recognized only in the last quarter of the financial year.