Indian Bright Steel Company 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. These results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on February 04, 2019.

2. These financial statements are prepared in accordance with the (Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.

3. Figures for the previous periods have been regrouped and /or reclassified wherever necessary to confirm with the Current period presentation.

4. Ind AS 108 relating to segment-wise reporting is not applicable

5. Previous year/ quarter figure has been regrouped / re arranged wherever required

6. Reconciliation of net profit for the quarter ended 31.12.2018 under GAAP (Previous GAAP) and Ind AS is as under : For Table, kindly refer Corporate Announcements on

Manubhai Kalidas Parekh