JMD Ventures Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. Above results were reviewed and recommended by Audit Committee taken on record by Board of Directors in their Meeting held on May 30, 2018.

2. Above Financial Results have been prepared in accordance with IND AS prescribed in Section 133 of Companies Act, 2013 read with relevant rules made there under; as applicable from 1st April 2017. The Company has opted to avail the relaxation provided by SEBI in respect of disclosure requirements for corresponding figures of earlier periods and accordingly figures for the year ended March 31, 2017 have not been presented.

3. The preparation of these financial result in conformity with Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of income, expenses and capital employed. The changes required due to application of Ind AS on retained earnings as well on current year/comparatives, profit/losses have been previously assessed and carried out.

4. Reconciliation of Net Profit between previous GAAP to Ind AS for the Quarter ended 31st March 2017 -

Net profit/(Loss) for the Period (as per previous GAAP) -16.20

Add/( Less) : Adjustments in Statement of Profit & Loss 0.00

Effect of fair valuation of Finance & Investment -823.00

Net Profit / (Loss) as per Ind AS -839.20

Other Comprehensive Income 0.00

Total Comprehensive Income -839.20

5. These results have been audited by the Statutory Auditors of the Company who have issued an unmodified audit report on the standalone annual financial statement for the year ended 31 March 2018.

6. Figures for the previous quarter / year have been re-grouped / re-classified wherever necessary.

7. The figures of last Quarter are the balancing figures between Audited figures in respect of full financial year and the published year to date figures upto the 3rd Quarter of the Current Financial Year.