Vimta Labs Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The audited financial results for the quarter and year ended March 31, 2019 have been reviewed by the Audit Committee and were approved by the Board of Directors of the company at the meeting held on May 11, 2019.
2. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These audited financials results of the Company were prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant miles issued thereunder ('IND AS') and other accounting principles generally accepted In India and guidelines issued hy the Securities and Exchange Board of India ("SEBI")
3. The management has assessed the identification of reportable segments in accordance with the requirements of Ind AS-108 'Operating Segment' and states that the Company has only one reportable segment namely 'Contract Research and Testing Services'.
4. The figures for the quarters ended March 31, 2019 and March 31, 2018 are the balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures upto the third quarter of the respective financial year also the results at the end of third quarter were only reviewed and not subject to audit.
5. The Board of Directors have recommended a payment of final dividend for the financial year 2018-19 of Rs. 2/- (Rupees Two Only) per equity share of the face value of Rs. 2/- each.
6. Corresponding quarter/year figures have been re-grouped/re-classified wherever necessary to conform to the classification of the current period.