KCP Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2017
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 22nd May, 2017.
2. The Board of Directors have recommended a Dividend of Rs. 2/- per Equity Share of Re.1/- each of the Company. The payment of the same is subjected to the approval of the shareholders at the ensuing Annual General Meeting of the Company.
3. An expenditure of Rs. 576 lakhs ( Net of Tax of Rs. 453 lakhs) incurred by Engineering Unit of Account of Chennai Floods have been accounted and Extra-Ordinary Expenses subject to the settlement of the insurance claim.
4. The Figures of Fourth Quarter for Standalone Operations are the balancing figures between audited figures in respect of full financial year upto 31st March, 2017 and unaudited year to date figures upto the third quarter ended 31st December, 2016.
5. The Statutory Auditors have audited the above results and issued audit report with unmodified opinion.
6. Figures for the previous period have been regrouped wherever necessary.