PBM Polytex Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2017
1. The above financial results have been reviewed by the Audit Committee and, thereafter, approved and taken on record by the Board of Directors at their meeting held on 29th May 2017.
2. The above is an extract of the detailed format of Audited Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Standalone and Consolidated Audited Financial Results are available on www.pbmpolytex.com & www.bseindia.com.
3. The Board at their meeting held on 29th May 2017 considered and recommended dividend @ 30% i.e. Rs. 3/- Per Equity Share of Rs. 10/- each for the financial year 2016 – 17. The Dividend, if declared, shall be paid within stipulated time as per the Companies Act, 2013 and Listing Regulations, 2015.
4. The figures for the quarter ended 31st March 2017 and 31st March 2016 are the balancing figures between audited figures of the full financial year and the published year to date figures upto the preceding quarter of the respective financial years.
5. The Company has only single reportable business segment i.e. “Cotton Yarn Spinning Segment” in terms of requirements of Accounting Standard 17.
6. Previous periods’ figures have been regrouped / rearranged, wherever necessary to make them comparable to current quarter’s presentation.