Devine Impex Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The above financial results were reviewed by the Audit Committee on 29-05-2018 and approved by the Board of Directors of the company in its meetings held on 29-05-2018 and further Audited by the Statutory Auditor of the Company. The auditor's report are attached alongwith these results.

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

3. The figures of the last quarter for the current year and for the previous year are the balancing figures between the audited figure in respect of the full financial year ended 31st March and the unaudited published year to date figures upto the third quarter ended 31st December which was subject to limited review.

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

5. The company has adopted Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013, read with the relevant rules issued there under, from April 01, 2017 and accordingly, these standalone and consolidated audited financial results (including figures for the quarter and year ended March 31, 2017) have been prepared in accordance with recognition and measurement principles laid down in Ind AS 34 "Interim Financial Reporting" and the other accounting principles generally accepted in India.

6 The Statement of Assets and Liability is attached as Annexure-I

7 Reconciliation of Net profit for the quarter and year ended March 31, 2017 between Ind AS and previous Indian GAAP

Particulars of adjustments Quarter Ended 31.03.2017 Year Ended 31.03.2017


Net Profit for the period as per previous GAAP 1.69 1.74

Add/ (Less) : Adjustment for GAAP Differences 0 0

Impact of depreciation/amortization 0 0

Other admissible items (net) 0 0

Impact of Intangible Assets 0 0

Deferred tax on above adjustments 0 0

Net Profit for the quarter as per Ind AS 1.69 1.74

8 Reconciliation of Statement of Equity between Ind AS and previous Indian GAAP

Total equity (shareholder's funds) as per previous GAAP Year ended 31/03/2017

Add/ (Less) : Adjustment for GAAP Differences 1346.31

Net Gain/(loss) arising on financial asset measured at Fair Value -

Net Gain/(loss) arising on restatement of financial liability -

Impact due to reversal of proposed dividend (including tax on the same) -

Deferred tax impact on Ind AS adjustment -

Impact on account of share in OCI of associate -

Impact on account of Ind AS profit considered for associate and Joint Venture -

Total equity (shareholder's funds) as per Ind AS 1346.31