Menon Bearings 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. During the nine months 2018-19 v/s 2017-18 Sale is up by 25% , PBT up by 20% and PAT up by 28% .
2. The above results are reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 31/01/2019 and the Statutory Auditors of the Company have carried out a 'Limited Review' of the same.
3. Mr. Arun Aradhye, CFO of the Company has been appointed as Whole Time Director & CFO of the Company w.e.f. 31st January, 2019.
4. The Company's business activity falls within a single primary business segment i.e. Auto Components & engineering parts thereof.
5. The figures have been re-grouped / re-arranged / reclassified / reworked wherever necessary to confirm to the current year accounting treatment.