Modulex Construction Technologies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The above Audited financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their meeting held on May 29,2019.
2. The audited financial results for the year ended March 31, 2018, included in these financial results are based on the previously issued results of the Company prepared in accordance with the Indian Accounting Standards ("Ind AS") prescribed under Section 133 of Companies Act, 2013. Those audited financial results prepared under Ind AS were audited by the predecessor auditor, whose audit report dated May 28, 2018 expressed an unmodified opinion on those financial results.
3. Ind AS 115 Revenue from Contracts with customers, mandatory for reporting periods beginning on or after 1st April, 2018, replaces existing revenue recognition requirements. The application of Ind AS 115 did not have any impact on recognition and measurement of revenue and related items in the financial results.
4. The figures of the previous period(s) have been regrouped / reclassified wherever necessary.