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

1. The above Audited Standalone Financial Results,as reviewed by the Audit Committee,approved and taken on record by the Board of Directors at its meeting held on 25th May 2018. Audit as required under Regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015,has been carried out by Statutory Auditors

2. Segment Reporting :The company is engaged in the manufacture of Metal Packaging and hence results are reported under one segment.

3. Figures of the corresponding period have been re-classified/regrouped wherever considered necessary.

4. The Company adopted Indian Accounting Standards ("Ind AS") effective 1st April 2017 (Transition date being April 1, 2016) and accordingly, the financial results for the year ended March 31, 2018 have been prepared in accordance with the recognition and measurement principles laid down in Ind AS notified under the Companies ( Indian Accounting Standards) Rules 2015. The Ind AS financial results and financial information for the year ended 31st March 2017 presented after incorporating applicable Ind AS adjustments, has not been subject to any limited review or audit. The management has exercised necessary due diligence to ensure that the financial results provide a true and fair view of the Company's affairs.

5. Revenue from operations for the period upto June 30, 2017 includes excise duty/service tax. Post the applicability of Goods and Service Tax w.e.f. July 1, 2017, Revenue from operations are disclosed, net of GST. Accordingly Revenue from operations for the quarter and year ended March 31, 2018 are not comparable with the previous periods.

6. The profit reconciliation is given below

Net Profit Reconciliation Quarter Ended Year Ended

31.03-2017 31-3-2017

Rs in Lakhs Rs in Lakhs

Net Profit/(Loss) after tax as per previousGAAP (Indian GAAP) -19 171

Net Proft/(Loss) as per Ind AS (12) 186

Other Comprhensive Income (OCI)

Add/(Less): Re-measurement of gains/ (losses)

on deferred benefit plans (7) (15)

Total Comprehensive Income -19 171



Under previous GAAP, all actuarial gains and losses were recognised in the statement of Profit and Loss but the provision is made only at the end of every half year.

Under Ind AS, actuarial gains and losses that form part of re-measurement of the net deferred benefit liability/asset and the corresponding tax effect thereon are recognised in other comprehensive income every quarter.