Oriental Rail Infrastructure 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. All figures are in Lakhs expect EPS
2. The above financial results have been reviewed by the Audit Committee & approved by the Board of Directors in its meeting held on January 30, 2019. The Statutory Auditors have carried out a Limited Review of the above financial results.
3. The results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and Companies (Indian Accounting Standard) Accounting Rules, 2016.
4. The Company mainly operates in one segment namely "lndian Railway Products" and hence segment details are not required to be published.
5. The shareholders of the Company have approved the sub-division of equity shares of the Company having a face value of Rs. 10/- each into equity shares having a face value of Rs. 1/- each through postal ballot passed on October 22, 2018. The record date for the sub-division was November 15, 2018. The Earnings per share information in the financial results reflect the effect of sub-division for each of the periods presented.
6. Effective April 1, 2018, the Company has adopted Ind AS 115 "Revenue from Contracts with Customers". The effect of adoption of Ind AS 115 is insignificant on these financial results.
7. In line with the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the results are available on the Stock Exchange website (www.bseindia.com) and on the Company's website www.ovpl.co.in