Premier Explosives Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

Notes to the financial results

1.Above financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 23, 2019. Statutory Auditors have carried out a limited review of these financial results and their report is unqualified.

2.The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3.The Company is engaged in the business of "High Energy Materials" and has only one reportable segment

in accordance with Ind AS 108 "Operating Segments".

4.As per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has opted to publish quarterly unaudited stand alone results and to publish consolidated results at the year-end.

5.Post the applicability of Goods and Service Tax (GST) with effect from July 1, 2017, revenue from operations

is disclosed net of GST. Revenue from operations till June 30, 2017 is inclusive of Excise Duty.

For comparison, Revenue from operations have been disclosed on Gross as well as Net basis.

6.Previous periods' figures have been regrouped wherever necessary to conform to the current period's classification.