Transformers & Rectifiers (India) Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2017
1. The above results were reviewed by the Audit Committee and approved by the Board of Director at their respective meeting held on Friday, 5th May 2017.
2. The Company has entered into a Joint Venture Agreement dated 15th April, 2017 with Mr. Gopal Sanasy, technocrat based at Canada for the purpose of manufacturing and supply of Transformer oil regeneration and purification plants and to providing services relating to regeneration/maintenance of transformer and other oils. The Company will hold 76% of share in Joint Venture and balance by Mr. Gopal Sanasy. The Company has not made any investment till date.
3. The Company operates in a single segment 1.e. "Electric Transformers". In the context of the Accounting Standard 17, on Segment Reporting specified under section 133 of the Companies Act, 2013, the same is considered to constitute one single business segment.
4. The figures for quarter ended 31st March 2017 and 31st March 2016 are balancing figures between the audited figures In respect of the full financial year and the published year to date figures up to third quarter of the relevant financial year.
5. The Consolidated financial results as given above, have been prepared as per Accounting Standard-21-" Consolidated Financial Statements" specified under section 133 of the Companies Act, 2013.
6. The Consolidated financial results include the results of (i) Transformers and Rectifiers (India) limited (ii) Transpares Limited (iii) Transweld Mechanical Engineering Works Limited (iv) Savas Engineering Company Private Limited and (v) TARIL Infrastructure Limited.
7. Figures of the previous quarter/period/year have been regrouped, wherever necessary.