Stylam Industries 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

1. The financial results for the quarter and nine months ended 31.12.2018 were reviewed by the Audit Committee and have been approved by the Board of Directors in their meeting held on 04th February, 2019. The Auditor have carried out Limited Review of the above results.

2. The format of the above results as prescribed in SEBI's Circular dated November 30, 2015 has been modified to comply with the requirements of SEBI’s Circular dated 5th July, 2016, Ind AS and Schedule III (Division II) of the Companies Act, 2013.

3. Post the applicability of Goods and Service Tax (GST) with effect from 01st July 2017, revenue from operations are disclosed net of GST, whereas Excise duty formed part of other expenses in previous periods/year. Accordingly, the revenue from operations and other expenses for the quarter and period ended 31st December, 2018 are not comparable with the previous periods/ year presented in the results.

4. The Company operates into single business segment.

5. Figures of the previous period/year have been regrouped and re-arranged wherever necessary.

Jagdish Gupta
Managing Director