Control Print Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 16, 2019. The Statutory Auditors have issued audit report with unmodified opinion on the aforesaid results for the quarter and year ended March 31, 2019.

2. The Board of Directors have recommended a final dividend of Rs. 3.50 per equity share (35 % of face value of Rs. 10), subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company. In addition to the final dividend, the Company had declared and paid interim dividend of Rs. 3/- per equity share in February 2019.

3. The Company has single reportable segment namely Coding & Marking Applications for the purpose of Ind AS on segment reporting.

4. Exceptional items of Rs. 510.00 Lakhs (Credit) for the quarter ended March 31, 2019 and Rs. 449.67 Lakhs (Credit) for the year ended March 31, 2019 includes an amount of Rs. 352.48 Lakhs (Credit) for the quarter ended March 31, 2019 and Rs. 280.51 Lakhs (Credit) for the year ended March 31, 2019 towards change in fair value of investments including profit / loss on sale of shares/units in mutual funds, routed through Profit & Loss Account. Exceptional items also includes an amount of Rs. 157.04 Lakhs (Credit) for the quarter and year ended March 31, 2019 receipt of award on decree in favour of the Company for Civil Suit filed in Bombay High Court against CAB Machines S.A., Switzerland.

5. Consequent to introduction of Goods and Services Tax (GST) with effect from 1st July 2017, Excise Duty has been subsumed into GST. In accordance with lnd AS, GST is not part of revenue unlike Excise Duty. Accordingly, the figures for the quarter and year ended March 31, 2019 and March 31, 2018 are net of Indirect Taxes

6. The Company has adopted Ind AS 115 - " Revenue from Contracts with Customers" with effect from April 1, 2018 by applying the modified retrospective approach. Accordingly, there were no significant adjustments required to the retained earnings at April 01, 2018. Also the application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results

7. The consolidated financial results include the financial results of the subsidiary, Liberty Chemicals Private Limited. The consolidated financial statements are prepared in accordance with IND AS 110 "Consolidated Financial Statements".

8. The figures for the quarter ended March 31, 2019 are balancing figures between audited figures in respect of the full financial year and unaudited published year to date figures for the nine month ended December 31, 2018, which were subject to limited review.

9. Previous period/year’s figure have been regrouped and/or rearranged whenever considered necessary to confirm to current period/year’s classification.