KPR Mill Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above standalone financial results have been reviewed by the Audit Committee on 28,04.2021 and taken on record and approved by the Board of Directors at their meeting held on 28.04.2021. The above results have been subjected to audit by the statutory auditor of the Company. The report of statutory auditor is unqualified.

2. These financial results have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016.

3. The Company operates in one segment (i.e) Textile business, which in the context of Indian Accounting Standard (IND AS) 108 - Operating Segment, is considered as the only reportable operating segment of the Company.

4. The figures for the quarters ended March 31, 2021 and March 31, 2020 are the balancing figures between the audited figures in respect of the full financial years and the published unaudited year-to-date figures upto the third quarter of the respective financial years, which were subjected to limited review.

5. In March 2020, the World Health Organisation declared COVID-19 to be a pandemic. The Company has adopted measures to curb the spread of infection in order to protect the health of its employees and ensure business continuity with minimal disruption.
The Company has considered internal and external information while finalizing various estimates in relation to its standalone financial results captions upto the date of approval of the standalone financial results by the Board of Directors. The actual impact of the global health pandemic may be different from that which has been estimated, as the COVID-19 situation evolves in India and globally. The Company will continue to closely monitor any material changes to future economic conditions.

6. Events after reporting period :
The Board has recommended a Final Dividend of 15% (Rs. 0.75/- per share of the face value of Rs. 5/- each) for the year 2020-21 subject to the approval of the Shareholders in Annual General Meeting.

7. Previous period figures have been regrouped / reclassified, wherever necessary, to conform with the current period classification / presentation.