ITL Industries 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 by the Audit Committee and approved by the Board of Directors at their respective meeting held on 30th May, 2019 and the Statutory Auditors of the Company have also carried out Audited Review of the Audited financial results for the quarter/year ended on 31.03.2019.
2. The Company adopted Indian Accounting Standards ("IND AS") from 01/04/2017 and accordingly these financial results have been prepared. In accordance with the recognition and measurement principles laid down in the IND AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules made thereunder.
3. The Financial results, for the quarter/year ended 31.03.2019 as disclosed above have been reviewed by the Auditors as per Accounting Standards applicable at that time. However, the Management has exercised necessary, due diligence to ensure that the financial I results, provides true and fair view of the Company's Affairs.
4. Previous quarter's figures have been regrouped / reclassified wherever necessary.