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

1. The above audited Financial Results, as reviewed and recommended by the Audit Committee, were approved by the Board of Directors at its meeting held on 10th June 2021. As required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,The statutory auditors have conducted the audit of financial statements and have expressed an unqualified audit opinion.

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.

4.4. The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the current financial year.

5. The Company has assessed the effects of the global pandemic COVID-19 in the preparation of these financial results. The Company has undertaken various initiatives to control costs to adjust to lower volume. In the management’s assessment, there have been no significant changes in the carrying amounts of receivables, inventories or property, plant and equipment and it does not anticipate any challenge in meeting its financial obligations. The impact of the pandemic may be different from that estimated at the date of approval of these financial results given the uncertainties associated with its nature and duration. The Company’s management will continue to closely monitor any material change to the Company’s financial position due to the pandemic and its impact on the future economic conditions.