Alchemist Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2017

1. The above standalone financial results, as reviewed by Audit Committee, were approved and taken on record by the Board of Directors in their meeting held on 14th February, 2018.

2. The Company adopted Indian Accounting Standard ("IND AS") from April 1, 2017 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid down in the IND AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Financial results for all periods presented have been prepared in accordance with the recognition and measurement principles of IND AS 34. Limited review of the unaudited financial results for the quarter and nine months ended on 31st December, 2017 has been carried out by the Statutory Auditors. The financial results for the quarter and nine months ended 31st December, 2016 have not been reviewed by the Statutory Auditors and have been presented based on the information compiled by the management after making necessary adjustments to give the true and fair view of the results in accordance with IND AS.

3. Reconciliation of total comprehensive income to those reported under previous under Generally Accepted Accounting Principles (GAAP) are summarized as below:

Particulars Quarter Ended December 31, 2016 Nine month ended December 31, 2016

Profit after Tax as reported under previous GAAP 26.29 -7779.41

Profit after Tax as reported under IND-AS 26.29 -7779.41

Other comprehensive income/(expense) 0.00 0.00

Total comprehensive income as reported under IND-As 26.29 -7779.41

4. The figures of the previous period have been regrouped/rearranged so as to make them comparable.

5. In respect of overdue trade receivables, the management has filed recovery suits against the errant parties to recover the amounts. The management is confident of recovery of all such dues and hence no provision is considered necessary.