Results

Corrigendum To Standalone & Consolidated Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2017

| Updated on February 02, 2018

With reference to the above we had submitted the quarter and year-end results after approval of the Board of Directors in their meeting held on May 26, 2017.

Ministry of Company Affairs vide notification No. G.S.R. 364(E) amended, Accounting Standard (AS) 4, Events occurring after the Balance Sheet Date, to state if an enterprise declares dividend to shareholders after the Balance Sheet date, it should not be recognized as a liability at the balance sheet date and should be disclosed appropriately in the notes to the financial statements.

The board in its meeting approving the accounts had correctly adopted the results, without considering the dividend declared as a liability and detailing the same in the notes to accounts. However, due to oversight, what got uploaded and filed was not the results approved by the Board. The revised results are being filed now and the effect of the change is only a reduction in the short term provisions and a corresponding effect of increase in Reserves. The said change has no impact on the profit for the year.

Further, please be informed that except above change, there is no revision in the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2017 and Statement of Assets and Liabilities as on that date as submitted earlier.

We are enclosing herewith the following:
1. The correct Standalone and Consolidated Audited Financial Results of the Company submitted for the quarter and year ended March 31, 2017 along with Statement of Assets & Liabilities as on that date.


2. Declaration for Unmodified Opinion on Audit Report/Statement of Impact for Modified Opinion.
The above error is regretted.

Kindly take the above on your record.

Pdf Link: Corrigendum To Standalone & Consolidated Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2017

Source : BSE - www.bseindia.com

Published on June 28, 2017

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