Birla Precision Technologies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. The above is an extract of the detailed format for Quarterly & Yearly Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the financial results for the quarter and year ended 31st March, 2017 are available on the Stock Exchange website (www.bseindia.com) and on Company's website (www.birlaprecision.com).

2. The company has given a Corporate Guarantee to banks for a loan taken by a Group Company.

3. The Company has reviewed the SARFAESI Act (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002) order sent to the Company consequent to the corporate guarantee given by it on behalf of Zenith Birla (India) Limited. The Company is taking up legally the issue regarding inclusion of the Company's property towards the loan outstanding of Zenith Birla (India) Limited (the borrower) and is of the view, based on the legal opinion obtained that the Company is not affected by any such notice.

4. The audited financial results for the quarter and year ended 31st March, 2017 have been taken on record by the Board of Directors at its meeting held on 29th May, 2017. The statutory auditors have expressed an unqualified audit opinion.
Corresponding previous year figures have been regrouped/recast and reclassified wherever necessary to make them comparable.