NOCIL Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
Notes:
1. The above financial results, which have been subjected to an audit by the Statutory Auditors of the Company, who have expressed an unmodified opinion thereon, are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. These financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10 May 2019. The financial results are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with the relevant Rules thereunder and other accounting principles generally accepted in India.
2. The Company is primarily engaged in the business of manufacture of Rubber Chemicals, which in the context of Indian Accounting Standard (Ind AS) 108 on ' Operating Segments ', constitutes a single reportable segment.
3.During the quarter and year ended March 31, 2019, the Company has granted 354,900 new stock options to eligible employees under the Employees Stock Option Plan. During the year, the Company has alloted 941,150 equity shares upon exercise of stock option in terms of the said plan.
4. Sales for the quarter ended 31 March 2019, 31 December 2018, 31 March 2018, and year ended 31 March 2019 are net of Goods and Services Tax (GST), however sales for year ended 31 March 2018 are gross of Excise Duty. The Net Revenue from Operations (Net of GST / Excise Duty) as applicable are as stated below:
Standalone Consolidated
Particulars For the Quarter ended on For the Year ended on For the Year ended on
Net Revenue from Operations 24,158 26,124 27,587 1,04,290 96,764 1,04,290 96,764
5. The consolidated financial results of NOCIL Limited have been prepared in accordance with Ind AS 110 - 'Consolidated Financial Statements'. Financial results of the wholly owned subsidiary company, PIL Chemicals Limited (together referred to as the Group), have been consolidated with the Company.
6. The figures for the quarters endend 31 March 2019 and 31 March 2018 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures upto the third quarter of the respective financial years.
7. The Board of Directors have recommended a dividend of Rs. 2.50 per equity share of Rs 10/- each (previous year Rs. 2.50). The same is subject to the approval of members of the Company in the ensuing AGM on 30 July 2019.
8. The figures for the corresponding previous periods have been regrouped / restated, wherever necessary.