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Gallantt Ispat 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 and thereafter were approved by the Board of Directors in their respective meetings held on January 21, 2019. The Financial Results are in accordance with the Indian Accounting Standard (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013.

2. M/s. Anoop Agarwal Co., Chartered Accountants, the Statutory Auditors of the Company have carried out a limited review of the above unaudited standalone financial results for the Quarter and Nine-Months ended December 31, 2018 and have issued an unqualified review report.

3. Vide its order dated October 37, 2018, Honourable Regional Director (ER), Ministry of Corporate Affairs has approved and sanctioned the Scheme of Amalgamation of Antarmukh Steel Manufacturer Private Limited, Bhavika Smeltors and Food Products Private Limited, Shrinu Rolls and Milling Private Limited and Satlaj Rolls and Milling Private Limited (Transferor Companies) with the Company. Company has given effect of above amalgamation in the books of the Company during the Quarter.

4. Previous period / year figures have been rearranged / regrouped, reclassified and restated wherever considered necessary.

C. P. Agrawal
Chairman & Managing Director