Dutron Polymers 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 qualified standalone financial results for the quarter ended December 31, 2018 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 02, 2019.
2. This Statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (IND AS prescribed under 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. Beginning April 1, 2017 the Company has for the first time adopted IND AS with a transition date of April 1, 2016.
3. The format of un-audited quarterly result as prescribed in SEBI circular dated November 30, 2015 had modified to comply with requirement of SEBI's circular dated July 5, 2016 IND AS and Schedule III (Division II) to the Companies Act, 2013 applicable to Companies that are required to comply with IND AS.
4. Consequent to transition from the previous IGAAP to IND AS, the reconciliation of profit is provided as below for the period in accordance with the requirement of paragraph 32 of IND AS 101 First time adoption of IND AS. (For Table, kindly refer Corporate Announcements on www.bseindia.com.)
5. The Company operates in only one business segment.
6. Previous period's figures have been regrouped / rearranged to make them comparable with those of current period.