Binny Mills 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 financial results for the quarter ended 31st December 2018 was recommended for approval by the Audit Committee and approved by the Board of Directors at respective meetings held on 1st February 2019.
2. The above financial results have been prepared in compliance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as prescribed under section 133 of the Companies Act, 2013 and other recognised accounting policies and practices to the extent applicable.
3. The format for unaudited quarterly results as prescribed in SEBI Circular No CIR/CFD/CMD/15/2015 dated 30111 November 2015 has been modified to comply With the requirements of the 558i Circular dated 5th July 2016 Ind AS requirements and Schedule ill (Part II) of the Companies Act, 2013
4. The Company is engaged in the business of trading in textile materials' and therefore has only one reportable segment in accordance with Ind AS 108- operating segments.