Devine Impex Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors the company at its meetings held on 29-05-2017.

2. Previous period / year figures have been regrouped, wherever necessary, in order to make them comparable.

3. The consolidated results have been prepared in accordance with the Accounting Standard AS-23 " Accounting for Investment in Associates in the Consolidated Financial Statement " issued by the institute of Chartered Accountants of India.

4. The Company operated in single segment during the reporting periods.

5. In respect of standalone financial results, the figures for the quarter ended 31st March 2017 and the corresponding quarter ended 31st March, 2016 are the balancing figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial ending on 31st March.