Wintac Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2017

1. The above financial results have been reviewed by the audit committee and approved by the Board of Directors in its meeting held on 10/02/2018.

2.The Company has adopted Indian Accounting Standards ("Ind AS") from April 1, 2017 (transition date being April 1, 2016) and accordingly, these financial results have been prepared in accordance with Companies (Indian Accounting Standard) Rules, 2015 as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder.

3.The Ind AS financial results and financial information for the quarter and nine month period ended December 31, 2016 have been subjected to limited review as per SEBI circular no. CIR/CFD/FAC/62/2016 dated 05.07.2016. Further, pursuant to exemption available in the above said circular, the line item - "Reserves (excluding Revaluation Reserves), as per Balance Sheet of the previous accounting year ended March 31, 2017 has not been disclosed.

4.The preparation of these financial results in conformity with Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of income, expenses, and capital employed. The changes required due to application of Ind AS on retained earnings as well on current year/comparatives’ profits/losses have been provisionally assessed and carried out. Accordingly, judgements, estimates and assumptions made in preparing these financial statements and comparatives may require further adjustments that may be necessary due to fresh evidence/facts and interpretations of MCA/ICAI that may be observed/received at the time of finalization of annual financial statements for the year ending on March 31, 2018.

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

6.One Investor complaints was received during the quarter and was disposed off. No complaints were outstanding at the end of the quarter.

7. 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.

8. The Manufacturing Plant was recently audited by the USFDA for a pre-approval and general GMPs. It received a number of observations from the field investigators. The out come of the investigation will not be known for some time until further communication is received from the Agency.

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