Refnol Resins & Chemicals 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 above results have been reviewed by the Audit committee and approved by the Board of Directors at their meeting held on 31st January, 2019.

2. These results has been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standard) Rules 2015.

3. Effective July 01, 2017 revenue from operations is prepared net of taxes and duties, upon implementation of the Goods and Services Tax Act. Hence the results for the Nine months ended December 31, 2018 and Nine months ended December 31, 2017 are not camparable.

4. The management information system of the company identifies and monitor "Chemicals" as the business segment. Since the Company's business falls within a single business segment, disclosure under Indian Accounting Standard (Ind AS) -108 Operating Segments is not applicable.

5. Figures have been regrouped / rearranged / reclassified wherever necessary.