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| Exchange Received Time 28/07/2017 17:51:35 Exchange Disseminated Time 28/07/2017 17:51:39 Time Taken 00:00:04 | Apropos the captioned subject enclosed is a copy of the Standalone Audited Financial Results of the Company for the quarter ended June 30, 2017 duly reviewed by the Audit Committee and which were considered and approved by the Board of Directors of the Company in their meeting held on July 28, 2017. {The aforesaid Board Meeting commenced at 3.30 p.m and concluded at 5.30 p.m}
Further in accordance with the SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 read Section 133 of the Companies Act, 2013 the financial statements of the company w.e.f April 1, 2017 are prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind As). The impact of transition has been provided in Other Equity (Opening Reserves as per Previous Generally Accepted Accounting Principles (Previous GAAP) as at 1st April 2016. The figures for the previous period have been restated, regrouped and reclassified wherever required to comply with the requirement of Ind As. Further, in accordance with Ind AS 101 - First-Time Adoption of Indian Accounting Standards, the Company has presented a reconciliation of profit as per Previous GAAP and Ind As.
Further also enclosed is a copy of Auditors Report of the statutory auditors of the Company viz. M/s. N.A.Shah Associates LLP, Chartered Accountants and M/s. Jain & Trivedi, Chartered Accountants on the aforesaid Audited Financial Results.
This is for your information and records pursuant to Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015.
Please find the same in order and acknowledge receipt.
Thanking you,
Yours faithfully,
For KEWAL KIRAN CLOTHING LIMITED.
ABHIJIT WARANGE
VICE PRESIDENT- LEGAL & COMPANY SECRETARY
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