Ester Industries Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2021
1. The above results for the quarter and year ended 31 March 2021 have been reviewed by the Audit Committee and have been approved by the Board of Directors at the meeting held on 18 May 2021 and have been audited by the Statutory Auditors of the Company.
2. During the quarter ended 30 September 2020, Ester Industries Limited ("the parent company") has formed a wholly owned subsidiary Ester Filmtech Limited (" the Subsidiary Company"). Consequently the consolidated financial results have been presented for the quarter ended 31 March 2021 and 31 December 2020 and for the year ended 31 March 2021. In the absence of comparative number for year ended 31 March 2020, same have not been presented in the consolidated financial results.
3. Previous period figures have been re-grouped / reclassified wherever necessary, to conform to current period's classification.
4. Figures for the quarter ended 31 March 2021 and 31 March 2020 represents the balancing figures between the audited figures tor the financial year and published year to date reviewed figures upto the third quarter of the respective financial year.
5. The Board of Directors at its meeting held on 18 May 2021, has recommended final dividend of Rs. 1.90/- per equity share for the year ended on 31 March 2021, subject to the approval of the shareholders of the Company in the forthcoming Annual General Meeting.