Rishabh Digha Steel & Allied Products 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 Audited Financial Results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meeting held on 29/01/19. The Statutory Auditors have carried out Limited Review of the audited Financial Results for the quarter ended 31st December 2018.
2. The format for audited quarterly results as prescribed in SEBI's circular CIR/CFD/CMD/12/2015 dated 30th November 2015 has been modified to comply with requirements of SEBI circular dated 5th July 2016, Ind AS and Schedule III (Division II) of the Companies Act, 2013, Applicable to companies that are require to comply with Ind AS.
3. The statement does not include Ind AS compliant results for the preceding quarter and previous year ended 31st March 2018 as the same is of mandatory as per SEBI circular dated 5th July 2016.
4. Reconciliation of results between Previous reported referred (referred to Previous GAAP ) and Ind AS for the quarter ended June 30, 2016 is presented as below: For Table, kindly refer Corporate Announcements on www.bseindia.com.
There is no Difference of Profit between GAAP and Ind AS for the period ending 31st December 2016
5. Provision for Deferred Tax has been incorporated in the accounts at the end of accounting year, as per the company's practice consistently followed.
6. The Company's business activity falls within a single primary business segment thus Segmental Report of accounting is not applicable to the company according to the AS-17 issued by ICAI.
7. Cost of Power & Fuel Rs 6,80,445/-
8. Previous year/period figures have been recasted and / or regrouped wherever necessary.