Waterbase Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

a) There is only one reportable segment namely Manufacture & Sale of Shrimp Feed as envisaged in Ind AS - 108 on 'Operating Segments' and information pertaining to segment is not applicable for the Company. This is

consistent with the internal reporting to the chief operating decision makers.



b) In view of the seasonal nature of Aquaculture Industry, the financial results of the quarter are not indicative of full year performance.



c) The above financial results including the balance sheet and statement of cash flow were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on May 27, 2021



d)The figures for the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between the audited figures in respect of full financial year and the published year-to-date figures up to the 3rd quarter of the current financial year and previous financial year respectively



e)The Central Government has published The Code on Social Security, 2020 and Industrial Relations Code, 2020 ("the Codes") in the Gazette of India, inter alia, subsuming various existing labour and industrial laws which

deals with employees related benefits including post employment. The effective date of the code and the rules are yet to be notified. The impact of the legislative changes, if any, will be assessed and recognised post

notification of the relevant provisions.



f) The company continues to manufacture and supply shrimp aquaculture products, being considered as essential commodity category. The outbreak of Covid 19 pandemic has affected company revenue and Profitability.The company has assessed the business conditions and expects to recover the carrying value of its assets. The Company has estimated its liabilities in line with the current situation. The Company has considered internal and external information upto the date of approval of these standalone financial results. The company will continue to evaluate the pandemic related uncertainty arising from the on-going second wave and will update its assessment. The impact of COVID-19 on the Company's financial results may differ from that estimated as at the date of approval of these financial results.



g) For the Financial year 2020-21, the Board has recommended a final dividend of Re. 1 /- (Face value of Rs. 10/- per share) per equity share. This is subject to the approval of shareholders in the Annual General Meeting