Modella Woollens Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

1. The Board of Directors at its Meeting held on 23rd January, 2019, approved the above results and its release.The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid Results.The Audit Committee reviewed the above results.

2. Previous Year/ Quarter figures have been regrouped/reaaranged where ever necessary.

3. In view of uncertanity of income in future, Deferred Tax not created.