Jay Bharat Maruti 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 were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 15th Jan, 2019. The limited review as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 has been completed by the Statutory Auditors.
2. The Company is primarily engaged in the business of manufacturing of components for Automobiles, which Is governed by the same set of risk and returns. Therefore the Ind AS-108 on 'Operating Segment' is not applicable.
3. Consequent to Introduction of Goods and services Tax (GST) with effect from 1st July, 2017 Central Excise, Value Added Tax (VAT) etc have been subsumed into GST. In Accordance with Indian Accounting Standard-115 on Revenue from Contracts with Customers and Schedule III of the Companies Act 2013, unlike Excise Dulles, levies like GST, VAT etc are not part of Revenue. Accordingly the figures for the periods upto 30th June 2017 are not strictly relatable to those thereafter. The following additional Information is being provided to facilitate such understanding. For Table, kindly refer Corporate Announcements on www.bseindia.com.