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Skyline Millars 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 results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 24, 2019. The Statutory Auditors of the Company have caaried out a limited review of the aforesaid result.

2) The above results have been prepared in accordance with Indian Accounting Standards ("IND AS") notified under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 as amended.

3) Inventories to the extent of Rs. 4.83 lakhs shown under Cost of materials consumed and Rs.9.72 lakhs shown under loss from discontinuing operations has been written down to net relisable value and recognise as an expense.

4) Figures for the previous periods have been re-grouped/re-arranged wherever necessary.