Munjal Showa 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. These results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 "Interim Financial Reporting" 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.
2. In accordance with the requirements of Ind AS, Revenue from Operations for the quarter ended September 30, 2018, for the quarter ended June 30, 2018 and for the quarter and nine months ended December 31, 2018 is net of goods and services tax (GST) introduced w.e.f. July 1, 2017. However, Revenue from Operations for nine months ended December 31, 2017 is inclusive of excise duty which was levied upto June 30, 2017
3.As the Company's business activities fall within a single primary business segment viz. auto components for two wheeler and four wheeler industry, the disclosure requirements of Indian Accounting standard (Ind AS-108) "Operating segments" are not applicable.
4.The above results for the quarter and nine months ended December 31, 2018 have been reviewed and recommended by the Audit Committee meeting held on February 4, 2019 and approved by the Board of directors in their meeting held on February 4, 2019. These results have been subjected to limited review by the statutory auditors.
5. The above results of the Company are available on the Company's website www.munjalshowa.net and also on www.bseindia.com and www.nseindia.com.