Wintac Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2019

1. The above financial results have been reviewed by the audit committee, approved by the Board of Directors in its meeting held on 12th August, 2019 and reviewed by the Statutory auditors of the Company.



2.The Company recognises only one reportable business segment, viz. Formulations.



3.No Investor complaints was received during the quarter and no complaints were outstanding at the end of the quarter.



4. a) In view of the advances/ support received from the major customers, the management doesn't expect any constraints in cash flow which might affect companies ability to meet its liabilities. Accordingly, despite of the Company's networth has substantially eroded, the management doesn't find any material uncertainty which may cast significant doubt on the Company's ability to continue as going concern.



b)Resolution of the Share holders of the Company approving Promoters' Proposal for voluntary delisting of the Company's equity shares from Bombay Stock Exchange ("BSE") through postal ballot has since been expired and the Company has initiated the steps for obtaining the shareholders approval once again and the postal ballot process is underway. Promoters have reiterated their intention to delist the shares of the Company subject to Shareholders approval and DOP's approval for increasing their stake to 100% to move forward with the delisting process in terms of SEBI Delisting Regulations.



5.The Company doesn't have any assets taken on right to use. Accordingly, there is no impact on financial results of the Company in respect of adoption of Ind AS - 116.



6.Previous period's figures have been re-grouped/rearranged/recasted wherever required in conformity with current period's presentation.