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Parag Milk Foods 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 standalone un-audited financial results for the quarter and nine months ended December 31, 2018 of Parag Milk Foods Limited (“the Company”) have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meeting held on February 02, 2019 and are available on the Company's website - https://www.paragmilkfoods.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). These results have been subjected to a limited review by the Statutory Auditor of the Company.

2. This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind-AS) as specified under Section 133 of Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

3. Based on guiding principles given in Ind-AS 108 on "Operating Segments", the Company's business activity falls within a single Operating Segment namely, "Milk and Milk Related Products" and hence, the disclosure requirements of Ind AS 108 are not applicable.

4. Previous quarter/period/year figures have been regrouped/reclassified wherever necessary to correspond with the current quarter/period/year classification / disclosure.

Pritam Shah
Managing Director