Sand Plast (India) 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 Unaudited Financial Results of the company for the quarter ended December 31st, 2018 have been reviewed by the Audit Committee and on its recommendation, have been approved by the Board of Directors at its meeting held on January 31, 2019.
2. The above financial result of the company have been prepared in accordance with Indian Accounting Standards (IND AS)prescribed under section of the companies act, 2013 read with companies (Indian Accounting Standards ) Rules, 2015 as amended.
3. The Company is engaged primarily in the business of Bricks, therefore the management has consider that this is single reportable business segment in accordance with IND AS 108.
4. 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 there under and in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation 2015 and SEBI Circular dated 5 July, 2016 Beginning 1 April , 2017, The Company has for the first time adopted IND AS with a transition date of 1 April, 2016.