Trident Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules Issued thereunder.
2. The above results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors In their respective meetings held on May 7, 2018.
3. Excise duty realised Is Included in Revenue from Operations of periods upto 30th June, 2017 and Revenue from Operations for the subsequent periods are net of Goods and service tax (GST).
4. Employee benefit expenses is lower during the current year/quarter compared to previous year/quarter due to rationalization of manpower cost including structuring of salary and manpower.
5. The Board of Directors has recommended a final dividend of 3% (INR 0.30/- per Equity Share of INR 10/- each) for the financial year 2017-18 subject to the approval of the shareholders In the forthcoming Annual General Meeting of the Company. This final dividend is in addition to the two Interim dividends of 6% each (INR 0.60/per Equity Share of INR 10/- each) declared during the financial year 2017-18. The total dividend for the financial year 2017-18 Is 15% (INR 1.50/- per Equity Share of INR 10/- each).
6. The figures of last quarter of current and previous year are the balancing figures between audited figures In respect of full financial year and the published year to date figures upto the third quarter of the financial year.
7. The previous financial period figures have been regrouped/rearranged wherever necessary to make them comparable.