Magna Electrocastings 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. This statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 02nd February, 2019 and limited review of the same has been carried out by the statutory auditor of the Company.
2. This statement has been prepared in accordance with the Companies (lndian 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 company has organised the business into two segments - Foundry division (manufacture and sale of castings)and Wind energy division.
4. The previous period figures have been regrouped/reclassified wherever necessary to confirm to the classification for this quarter.