Integra Engineering India Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The above Audited Financial Results have been reviewed and recommended by the Audit Committee and taken on record & approved by the Board of Directors in their respective meetings held on 03.05.2018.

2. The Company has adopted Indian Accounting Standards (Ind AS), notified by the Ministry of Corporate Affairs, with effect from 1st April, 2017 with a transition date of 1st April, 2016 and accordingly these financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind-AS) prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India.

3. The financial results for the quarter and year ended on 31st March,2018 have been audited by the Statutory Auditors as required under Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Figures for the quarter and year ended on 31st March, 2017 as per IGAAP (previously reported) have been restated as required in terms of Indian Accounting Standards (Ind AS) for the purpose of these results and have also been reviewed by the Statutory Auditors.

4. As required by the paragraph 32 of IND-AS 101, Reconciliation of Net Profit as reported under previous Generally Accepted Accounting Principles (Indian GAAP) and as per IND AS, is given in below:



(Rs. in Lacs )

Particulars For the quarter ended 31.03.2017 For the year ended 31.03.2017



Profit after tax under Indian GAAP 90.83 208.83



a) Dividend on Preference shares now classified as -12.40 -49.60

Financial Liability

b) Actuarial (Gain)/ Loss on Employee Defined 10.49 5.14

Benefit plan regrouped under Other Comprehensive Income



Net Profit After Tax under Ind AS 88.92 164.37



Other Comprehensive Income

Actuarial Gain/ (Loss) on Employee Defined Benefit -10.49 -5.14

plan regrouped under Other Comprehensive Income



Other Comprehensive Income -10.49 -5.14



Total Comprehensive Income as per Ind AS 78.43 159.23

5. Finance cost for the quarter and year ended 31st March, 2018 includes provision for dividend amounting to ` 12.40 lacs and ` 49.60 lacs (for the quarter and year ended 31st March, 2017 ` 12.40 and ` 49.60 lacs) on 4% Cumulative Redeemable Preference shares that have been classified as Financial Liability as per requirements of Ind AS 32 ‘Financial Instruments-Presentation’. Presently, this dividend is considered as a provision but not declared, distributed or paid and hence, the liability for dividend distribution tax would be accounted only when it accrues on declaration, distribution or payment of dividend.

6. The operations of the company are limited to one segment, namely Manufacturing of Machineries and Components.

7. Figures of the previous period have been re-grouped /re-arranged wherever necessary.

8. The figures of the quarter ended 31st March are the balancing figure between the audited figures in respect of the full financial year and published year to date figure upto third quarter of the relevant financial year.