Jayant Agro Organics 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 approved by the Board of Directors at its meeting held on February 02, 2019. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results.

2. Consequent to the introduction of Goods and Service Tax (GST) with effect from July 01, 2017, Central Excise, Value Added Tax (VAT) etc. have been subsumed under GST. In accordance with IND AS 115 on Revenue from Contracts with Customers and schedule III of the Companies Act 2013, unlike Excise duties, levies like GST, VAT etc. are not part of Revenue. Accordingly the figures for the nine months ended December 31, 2018 are not comparable with the Corresponding period.

3. The company has identified Castor Oil based derivative business as its only primary reportable segment in accordance with the requirement of Ind AS 108, 'Operating Segments'. Accordingly, no separate segment information has been provided.

4. Figures for the previous periods have been regrouped/re-classified wherever necessary to make them comparable.