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| Exchange Received Time 24/08/2017 11:47:35 Exchange Disseminated Time 24/08/2017 11:47:37 Time Taken 00:00:02 | Sub.: Update on Financial Results for the quarter ended 30th June, 2017
Dear Sir/Madam,
This is with reference to the submission of the Financial Results by the Company for the quarter ended 30th June, 2017.
In this regard, we would like to inform you that in terms of the Companies (Indian Accounting Standards) Rules, 2015 issued by Ministry of Corporate Affairs, the new Indian Accounting Standard ('IND-AS'), has been applicable on the Company w.e.f. from 1st April, 2017. Accordingly, the Company has adopted for IND-AS for the first time from the current financial year 2017-18.
The Company has opted to avail the relaxation provided by SEBI vide its circular no. CIR/CFD/FAC/62/2016 dated July 05, 2016. Hence, the Company would submit the Financial Results for the quarter ended 30th June, 2017 to the Stock Exchanges within the extended time i.e. on or before 14th September, 2017.
You are requested to take note of the above.
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