Jaysynth Orgochem Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1.The above mentioned financial results have been reviewed by the Audit Committee and approved by the Board of directors, at the meeting held on 23rd May, 2018. The Financial results are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rule 2015 (as amended). Beginning 1st April, 2017 the Company has for the first time adopted Ind AS with transition date of 1st April, 2016.

2.The statutory auditors have conducted audit of the above financial results.

3.The figures of quarter ended 31st March are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial year.

4.The Company has only one segment.

5.In view of the carried forward losses available for set off, no provisions for taxation has been made.

6.The Zero coupon non-convertible Debenture (ZCD) of the Company aggregating to `1,604 lakhs outstanding as on 31st March, 2018 are Secured by First Pari Passu charge on all the existing assets of the company situated at Patalganga, MIDC Industrial Area and asset cover is adequate.

7.The Zero coupon non-convertible Debenture (ZCD) shall be redeemable at a premium of 50% in ten equal quarterly installments commencing from 31st December, 2018 and ending on 31st March, 2021.

8.Formula for computation of ratio are as follows:

Debt Equity Ratio = Long Term Debt / (Paid up capital + Reserves & Surplus).

9.The figures for the previous year and corresponding period have been regrouped and rearranged wherever necessary.