Blue Star 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 Audit Committee has reviewed and the Board of Directors has approved the above results at their respective meetings held on February 5, 2019.

2. The Company has adopted lnd AS 115- 'Revenue from Contracts with Customers', and also appropriately evaluated its revenue recognition policies, w.e.f. April1, 2018. The changes have been applied retrospectively and the resultant impact on relevant comparative periods is tabulated below : For table, kindly refer Corporate Announcements on

3 Exceptional Items : For table, kindly refer Corporate Announcements on
* The Company commenced its Platinum Jubilee year on September 27, 2018. To mark the momentous milestone the Company will, through the year, hold various events and programmes, run special media campaigns and print special publications. Owing to the singular frequency of costs related to the milestone. such costs are regarded as exceptional.
** In view of the ongoing losses of Its Joint Venture in Oman (Blue Star Oman Electro - Mechanical Co. LLC), the Company Is considering options for exit from the venture and has therefore made provision for its known financial obligations and committed financial involvement in the venture.

4. Previous period / year's figures have been regrouped / rearranged wherever necessary.

Vir S. Advani
Managing Director