VXL Instruments Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019

1. The above financial results for the 3 months and year ended 31st March, 2019 as recommended by the Audit Committee were approved by the Board of Directors In their meeting held on 30th May, 2019.

2. These financial results have been prepared In accordance with the Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act 2013, read with the relevant rules thereunder end In terms of Regulation 33 of the 5EBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016.

3. The financial results for the quarter and financial year ended March 31, 2019 have been restated to be Ind AS compliant but have not been subject to limited review. However, the company’s management has exercised necessary due diligence to ensure that such financial results provide true and fair view of its affairs. The profit reconciliation is given below: For Table, kindly refer Corporate Announcements on www.bseindia.com.

4. Effective July 1, 2017, sales are recorded net of GST whereas earlier the same was recorded gross of excise duty which formed part of expenses. Hence, Revenue from operations for the year ended March 31, 2019 are not comparable with previous period corresponding figures of March 31, 2018.

5. The figures for the quarter ended March 31, 2019 and March 31, 2018 are the balancing figures between the audited figures in respect of the fall financial year ended March 31, 2019 and March 31, 2018 and the unaudited published year-to-data figures upto December 31, 2018 and December 31, 2017 being the date of the end of the third quarter of the financial year which was subjected to limited review.

6. Product development expenses of Rs. 254 L amortised In the previous year has been discarded during the financial year ended on 31-3-2019.

7. Exceptional items is mainly pertaining to the sale of land and building.

8. Previous period figures regrouped, wherever necessary.

9. Segment wise revenue, results, capital employed -