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| Exchange Received Time 31/05/2017 15:09:01 Exchange Disseminated Time 31/05/2017 15:09:10 Time Taken 00:00:09 | We are now pleased to inform the Exchanges that the Board of Directors at its Meeting held today approved the Un-Audited Financial Results for the first quarter ended 31 March 2017.
We are further enclosing the following:
1. A copy of aforesaid Un- Audited Financial Results duly signed by the Managing Director;
2. Limited Review Report dated 31 May 2017 from SRBC & Co. LLP, Statutory Auditors of the Company;
3. Press Release.
We are arranging to publish an extract of the said results in newspapers in the format prescribed under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.
Kindly note that pursuant to Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015, the Company is required to comply with Indian Accounting Standards (IND AS) starting January 1, 2017 as the financial year of the Company is January 1 to December 31. Pursuant to SEBI Circular dated July 5, 2016, for the first two quarters of compliance of IND AS, relaxation by way of extension of 30 days over and above 45 days is granted to the Companies. Accordingly, the Board of Directors met today i.e. 31 May, 2017 to approve the first quarter IND AS compliant unaudited results being within the relaxation granted by SEBI.
The Board meeting commenced at 1:00 p.m. and concluded at 2:45 p.m.
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