Enkei Wheels (India) 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 Company's management has exercised necessary due diligence to ensure that the financial results for the Quarter and Nine months ended December 31, 2018 provide a true and fair view of state of affairs. The Statutory auditors have carried out limited review of the results for the Quarter and Nine months ended December 31, 2018. The above statement of results have been reviewed by Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on January 31, 2019.

2. The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind-AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.

3. The Company has single operating segment, that of automotive wheels. Accordingly, disclosure requirements as per Indian Accounting Standard (Ind AS) 108 -'Operating Segment' are not applicable to the Company.

4. The figures of the previous periods have been regrouped, reclassified wherever necessary.

Kazuhiko Shimamura
Managing Director