CES 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. This statement has been review by the Audit Committee and approved by the Board of Directors in their respective meeting held on May 27th, 2019.
2. This statement has 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 recognised accounting practices and policies to the extent applicable.
3. The format for audited quarterly & Yearly results as prescribed in SEBI's circular CIR/CFO/CMD/15/2015 dated November 2015 has been modified to comply with requirements of SEBI's circular dated July 5, 2016 Ind AS and schedule III to the companies Act, 2013 applicable to companies that are required to comply with Ind AS. The inapplicable item in the format of the above results have not been disclosed.
4. The Ind AS Compliant financial results, pertaining to quarter ended March 31, 2019 are subject to limited review by the Statutory Auditors of the company.
5. The Company has acquired 3750 equity shares in CES Technology services private limited during Q: (January 19-March 19).
6. Segment Capital Employed Segregation of assets, liabilities depreciation and other non-cash expenditure into various primary segments has not been done, as the assets are used interchangeably between segments. Accordingly no disclosure relating to segmental assets has been done.
7. The Previous Year figures have been regrouped wherever necessary.