Triveni Glass 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 Un- Audited Standalone financial results for the quarter and nine months' ended December 31st, 2018 in respect of Triveni Glass Limited ["the Company") have been reviewed by the Audit Committee and approved by the Board of Directors of the company at their respective meetings held on Tuesday, 22nd January, 2019. The Statutory Auditors of the Company have conducted a "Limited Review" of the above financial results pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Effective 1st April 2017, the company has adopted lnd-AS with transition date of 1st April, 2016.
2. These financial results have been prepared in accordance with Indian Accounting standards ("Ind AS”) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5,2016 and Schedule III (Division II) of the Companies Act 2013.
3. The above results have been prepared in compliance with the recognition and measurement principles of the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), as amended by the Companies (Indian Accounting Standards) (Amendment Rules) 2016 prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. Beginning 1st April, 2017, the Company has for the first time adopted Ind AS with a transition date of 1st April, 2016.
4. The Company has single reportable segment viz. "Glass Industry".
5. Figures of the previous periods have been regrouped/ reclassified/ restated, wherever necessary to correspond with the figures of the current reporting periods.