Kriti Nutrients 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 in it's meeting held on January 24, 2019 and taken on record by Board of Directors in its meeting held on January 24, 2019.

2. The Statutory Auditors of the Company have carried out a Limited Review of the Result for the quarter, on January 24, 2019 and management has exercised necessary due diligence to ensure that such financial results provide a true & fair view of the affairs of the Company.

3. Sales is net of Goods and Service Tax (GST),whereas sales till the period ended 30th June, 2017 are inclusive of Excise Duty. The sales net of Excise Duty are mentioned below:
For Table, kindly refer Corporate Announcements on

4. Ind AS 115 - Revenue from contracts with customers. mandatory for reporting period beginning on or alter April 01, 2018 replaces existing revenue recognition requirements. Under the modified retrospective approach. there were no significant adjustments required 10 the retained earnings as at April 01, 2018. Also the application 01" Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results of the Company.

5. The previous period figures have been regrouped where ever necessary to make them comparable with the current years' figures.

6. The Company has only one Business Segment to be reported namely Oil Seed Extraction and Refining as per Ind AS 108 Operating Segments.

Shiv Singh Mehta
Chairman & Managing Director