Jaihind Projects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2018

1. The above Standalone financial results for Quarter ended June 30, 2018 have been reviewed by the Audit Committee and approved by the Board in their meeting held on 14th August, 2018 and limited review by the Statutory auditors.



2. The above stated Net Sales/ Income from operation includes income from sale of solar power generated of Rs.256.23 Lacs for the quarter ended on 30st June, 2018. Such income for the corresponding previous quarters ended on 30th June 2017 was Rs.273.21 Lacs.



3. The above financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the companies (Indian Accounting Stardards) Rules, 2015 as amended thereof.



4. No Provision has been made against interest on banking facilities after Non-performing assets declared by the Bank.



5. The Company had executed a Corporate Debt Restructuring agreement with its principal lenders for its FB and NFB exposures of Rs.705.43 Crores. The package has been implemented by all consortium lenders. The present status of the package, All lenders account is slip in Non Performing Assets. No provision has been made againt Interest of bank facilities after Non-Performing Assets declreared by the Bank. further all consortium lenders have decided to exit from CDR and same has been approved by CDR EG as communicated to the company on 04.06.2016.



6. Previous year’s/ Quarter's figures have been regrouped/reclassified wherever necessary.



7. Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the aforesaid financial Result may be accessed on the Company’s website at www.jpl.in and may also be accessed at the website of the Stock Exchanges where the shares of the Company are listed at www.bseindia.com & nseindia.com