VTM 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 for the quarter and nine months ended December 31, 2018 as reviewed and recommended by the Audit committee of the Board, has been approved by the Board of Directors at its meeting held on January 31,2019.

2. The statement has been prepared in accordance with the companies (Indian Accounting Standards) Rules, 2015 (Ind AS) presented under section 133 of the companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

3. The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with the requirements of SEBI's circular dated July 5 2016, Ind AS and Schedule III (Part II) to the Companies Act, 2013, which are applicable to companies that are required to comply with Ind AS.

4. The company is engaged in the business of "textiles" and therefore, has only one reportable segment in accordance with Ind AS 108 "Operating Segments".

5. Previous period figures have been regrouped reclassified, where necessary.

T Kannan
Chairman & Managing Director