Control Print Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The above financial results have been reviewed by the Audit Committee and on its recommendation have been approved by the Board of Directors at its meeting held on May 25, 2018.
2. The statement have been prepared in accordance with the Companies (Indian Accounting) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and Companies (Indian Accounting Standard) (Amendment) Rules, 2016. Beginning April 1, 2017 the Company has for the first time adopted Ind AS with transition date of April 1, 2016 and accordingly quarterly result for the quarter ended March 31, 2017 and year ended March 31, 2017 have been restated.
3. The Figures for the quarter ended March 31, 2017 and year ended March 31, 2017 are Ind AS compliant but were not subject to limited review or Audit. However the management has exercised due diligence to ensure that the financial results provide a true and fair view of the Company affairs.
4. The Board of Directors have recommended a final dividend of Rs. 3.50 per equity share (i e 35% of face value of Rs. 10), subject to the approval of shareholders at the 27th Annual General Meeting. In addition to the final dividend, the Company had declared and paid the interim dividend of Rs. 3 per share in January 2018.
5. The Company has single reportable segment namely Coding & Marking Applications for the purpose of Ind AS on segment reporting.
6. Exceptional items includes Change in Fair Value of Investments routed through Profit & Loss Account Rs. 124.90 lakhs (Debit) for the quarter ended March 31, 2018.
7. The Reconciliation of net profit reported under Indian GAAP for the Quarter ended March 31, 2017 and year ended March 31, 2017. For Table, kindly refer Corporate Announcements on www.bseindia.com.
8. The Reconciliation of Other Equity reported under Indian GAAP for the year ended March 31, 2017. For Table, kindly refer Corporate Announcements on www.bseindia.com.
9. During the quarter, the Company issued and allotted 6,59,340 equity shares face value of Rs. 10/- each to the eligible qualified institutional buyers at a price of Rs. 455/- per Equity Share, including a premium of Rs. 445/- per Equity Share (in line with SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2009), aggregating to Rs. 30 Crore through Qualified Institutional Placement (QIP).
10. The figures for the quarter ended March 31, 2018 are balancing figures between audited figures in respect of the full financial year and un-audited published year to date figures for the nine months ended December 31, 2017.
11. Revenue from operation for the period upto June 2017 includes excise duty which has been discontinued w.e.f July 01, 2017, upon implementation of Goods & Service tax (GST). In accordance with Ind AS 18, Revenue from operation is shown as net of indirect taxes.
12. Previous period/year's figure have been regrouped and/or rearranged whenever considered necessary to confirm to current period/year's classification.