Pervasive Commodities Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The Company has only one segment i.e "Deling with Castor Seeds, Guwar Gum and extracts thereof."

2. The financial results for the quarter and year ended March 31, 2018 have been prepared in accordance with the Companies ( Indian Accounting Standards) Rules, 2015 (Ind AS) as per section 133 of the Companies Act , 2013 and other applicable accounting policies and practices. Accordingly the figures for the quarter and year ended March 31, 2017 have been restated as per the Ind AS to make it comparable with quarter and year ended March 31, 2018.

3. The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescried under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. With effect from April 1, 2017, the company has first time adopted Ind AS with transition date of April 1, 2016.

4. The statutory Auditors of the company have carried out an Audit of the above results as per Regulation 33 of the SEBI [Listing Obligation and Disclosure Requiremnets] Regulations, 2015. The IND AS compliant corresponding figures of the previous year have not been subjected to audit. However, the Company's management has excercised necessary due diligence to ensure that such financial results provide a true and fair view.

5. Earning per share for the quarter and half year ended has been calculated as per weighted average formula and diluted Earning per share has been calculated considering proposed issue of equity shares on account of converion of convertible securities.

6. The above financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors at their meeting held on May 30, 2018.

7. The reconciliation of net profit reported in acccordance with Indian GAAP to Total Comprehensive Income in accrodance with Ind AS is given below.

Rs in Lakhs

Sr. No Particulars Quarter ended 31.03.2017 Year ended 31.03.2017

A) Net profit as per Indian GAAP 5.62 4.17

Ind AS Adjustment :

1 Deferred Tax impact on Ind AS adjustment - -

2 Other Adjustments - -

B) Net profit before Other Comprehensive Income as per Ind AS 5.62 4.17

Add/less : Adjustment in Other Comprehensive Income

C) Mark to market adjustment on mutual fund - -

D) Total coprehensive income for the period (B+C) 5.62 4.17

8.