Solitaire Machine Tools Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The above results were reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held 18th May 2019.
2. The Audited Standaloneand Consolidated Financial Results have been prepared in accordance with the recognition and measurement Principle provided in Indian Accounting Standards (IND AS 34), the provisions ofthe Companies Act,2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SE8!) under SEBI (LODR) Regulations 2015, as amended.
3. The figures for the quarter ended 31st Mach,2019 and 3lst March,2018 are the balancing figures between the audited figures in respect of the full financial year and the reviewed year to date figures up to third quarter of the respective financial year.
4. The Board of Directors have recommended dividend of 11% (viz Re 1.1 per share having face value of Rs. 10/— each) subject to the ‘approval of shareholders in the ensuing Annual General Meeting.
5. The Company operates in a single segment.
6. Figures for the previous period/years figures have been recast / regrouped wherever necessary to make them comparable.