Kamdhenu 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 and recommended by the Audit Committee & approved by the Board of Directors at their respective meetings held on 24th January, 2019. The financial results for the quarter ended 31st December, 2018 have been limited reviewed by the Statutory Auditors of the Company.

2. Post applicability of Goods and Services Tax (GST) w.e.f. 1st July 2017, Revenue from Operations are required to be disclosed net of GST in accordance with the requirements of Ind AS. Accordingly, the Revenue from Operations for the nine month ended 31st December, 2018 are not comparable with corresponding period of the previous year presented in the financial results which is reported inclusive of Excise Duty.

3. Income from operations during the quarter ended 31st December, 2018 is lower on account of downsizing of trading activities.

4. The Company has allotted 20,00,000 (Twenty Lakhs only ) Equity shares of Rs.101- each at a premium of Rs.901- per share on 5th January, 2019 pursuant to conversion of 20,00,000 (Twenty Lakhs only) warrants out of 30,00,000 (Thirty Lakhs only) convertible warrants allotted on 6th July, 2017 on preferential/private placement basis.