Vikas Ecotech 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 unaudited Financial results and Segment Results have been reviewed and recommended by the Audit Committee in their meeting held on 27/05/2017 and approved by the Board of Director at their meeting held on 29/5/2017.
2. Figures of the previous period are re-classified/ re-arranged/ re-grouped, wherever necessary, to correspond with the current period's classification/ disclosure.
3. Status of the investors complaint - Pending at the beginning of the quarter - Nil, Complaint received and disposed off during the quarter - 1, pending at the end of the quarter - NIL.
4. Exceptional items/ Prior Period Income/ (Expenses) includes net income (income - expenses) related to previous year 2015-16, which are booked in the current year.
5. This Statement is as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015.
6. Figures of the previous year of Segment Results are are re-classified, wherever necessary, to correspond with the current period's classification/ disclosure.
7. During the period company has issued Equity Shares at preferential basis (2,56,60,000/- share of Re 1/- each) at a premium of Rs. 16/- per share.
8.The weighted average number of equity shares outstanding during the period has been considered for calculating the basic and diluted earning per share (not annualised) in accordance with the notified AS-20 'Earnings per share'.
9. Item no. 12 Extraordinary items shown loss due to fire incidence occurred on 31/03/2017.
10. Company commissioned it’s new unit at Noida (SEZ) for manufacturing of Organotin Heat Stabilisers and PVC Compounds during the 4th qtr. in March, 2017.