Maithan Alloys Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Notes For Quarterly And Nine Months Ended Results December 31, 2018



1.The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on January 28, 2019. Limited Review of the above results has been carried out by the Statutory Auditors of the Company.



2. Consequent to the introduction of Goods & Services Tax (GST) with effect from July 01, 2017, Central Excise, Value Added Tax (VAT), etc. have been replaced by GST. In accordance with Ind AS 115 on Revenue and Schedule III of the Companies Act, 2013, GST is not included in Gross Revenue from Operations in applicable periods. In view of the aforesaid restructuring of the indirect taxes, revenue from operations for the Nine Months Ended December 31, 2018 is not comparable to that extent with that of the corresponding previous period.



3. As the Company’s business activity falls within a single significant primary business segment i.e., “Ferro alloys”, no separate segment information is disclosed.



4. There were no exceptional items during the Quarter and Nine Months Ended December 31, 2018.



5. Figures for the previous period have been regrouped and / or reclassified to conform to the classification of current period wherever necessary.