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

1. The above results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at the meeting held on 29th May 2018.

2. The IND AS compliant corresponding figures in the previous period have not been subjected to review. However , the Company's management has exercised necessary due diligence to ensure that such Financial Results provide a true and fair view of its affairs.

3. The Statement of standalone financial results has been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind AS) prescribed under Section 133 of the Companies Act,2013 and other recognised accounting practices and policies to the extent applicable. Beginning 1st April, 2017, the Company has for the first time adopted Ind AS with a transition date of 1st April, 2016.

4. The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15 dated 30th November, 2015 has been modified to comply with the requirements of SEBI's circular dated 5th July, 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, which are applicable to Companies that are required to comply with Ind AS.

5. The Statement does not include Ind AS-compliant results for the preceding quarter and previous year ended 31st March, 2017 as the same are not mandatory as per SEBI's circular dated 5th July, 2016.

6. The Government of India introduced The Goods and Service Act (GST) with effect from 1st July , 2017 which subsumes excise duty and various other Indirect Taxes. As required under Ind AS-18, revenue for the Quarter Ended 30th December, 2017 is reported net of GST. Accordingly, revenue from operations for the quarter ended 31st March, 2018 is not comparable with corresponding previous periods.

7. No provision is made for current tax in view of the unabsorbed tax losses. Deferred tax asset on account of such unabsorbed losses will be assessed during subsequent years and will be recognized in conformity with the principles of Ind AS 12 - Income Taxes.

8. The company is operating in one segment only i.e. Manufacturing and Marketing professional electronic equipments.

9. There were no complaints from investors that were unresolved as on 31st December 2017. During the Quarter under review the Company received no complaints from investors.

10. The Auditors have expressed concern in their report for non payment of various liabilities on time, Management is trying to dispose off the properties at various locations which will enable repayment of these liabilities.