Ramgopal Polytex Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1 The above results were reviewed by Audit Committee and approved by the Board of Directors at their meeting held on 30th May, 2018. The Statutory Auditors have expressed an unmodified opinion.

2 a The Company adopted Indian Accounting Standards (IND AS) effective 1st April, 2017 (transition date being 1st April, 2016) and accordingly, the financial results for above periods have been prepared in accordance with the recognition and measurement principles laid down in the IND AS prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India.

b Reconciliation of results between previously reported (referred to as "Previous GAAP") and IND AS for the quarter and year ended are presented as under:

Rs.in Lakhs

Particulars Note Reference For the quarter ended 31-3-2017 For the year ended 31-3-2017

Net Profit /(Loss) under Previous GAAP 10.50 (174.32)

Employee Benefits- Actuarial Gains and Losses are recognised in other comprehensive income (i) (0.24) 0.48

Net Profit/ (Loss) for the quarter under IND AS 10.26 (173.84)

Employee Benefits- Actuarial Gains and Losses are recognised in other comprehensive income (i) 0.24 (0.48)

Fair valuation of Equity Instrument through Other Comprehensive Income (ii) 93.41 93.41

Income tax relating to items that will not be reclassified to profit and loss (iii) 18.68 18.68

Total Comprehensive Income under IND AS 85.23 (99.59)

c Reconciliation of equity between IND AS and erstwhile Indian GAAP:

Particulars Note Reference For the year ended 31-3-2017

Equity as per Previous GAAP (Indian GAAP) 1,442.54

Fair valuation of Equity Instrument through Other Comprehensive Income (ii) 527.20

Deferred Tax on above (iii) 105.44

Equity as per IND AS 1,864.30

(i) Employee Benefits- Actuarial Gains and Losses are recognised in other comprehensive income.

(ii) fair value of investments in Equity instruments

(iii) Deferred Tax: The impact of transition adjustments together with IND AS mandate of using Balance Sheet approach (against Profit & Loss approach in the previous GAAP) for computation of Deferred Taxes has resulted in charge to reserve, on the date of transition, with consequential impact to the Statement of Profit and Loss for the subsequent periods.



3 The Company's main business is trading of Polymers etc.. Accordingly, there are no separate reportable segments as per IND AS 108.

4 The figures for the quarter ended March 31, 2018 and March 31, 2017 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter for the relevant financial year which were subjected to limited review by the statutory auditors.

5 The previous period's and current year previous quarter's figures have been regrouped/re-classified/restated wherever required to conform to current period's classification.