Varun Mercantile 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 figures for the corresponding previous periods have been restated/regrouped wherever necessary, to make them comparable.

2. These results h3v§ 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 lo the extent applicable.

3. The Company does not have any reportable segment as per Indian Accounting Standard 'Operating Segment (Ind AS-108) accordingly segment reporting is not applicable.

4. The Audit Committee has reviewed the above results. The Board of Directors at its meeting held on 31st January, 2019 approved the above results and its release. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid Results.

Girish B. Shah