Corporate Announcement
Security Code : 540497    Company : SCHAND    
 
Financial Results For Quarter (Standalone) And Year (Standalone And Consolidated) Ended March 31, 2017Download PDF Download XBRL
  Exchange Received Time  20/07/2017 18:32:16         Exchange Disseminated Time   20/07/2017 18:32:23              Time Taken   00:00:07
In terms of your email dated July 10, 2017 regarding discrepancies in the financial results for the quarter and year ended March 31, 2017 submitted by the Company vide its letter dated June 12, 2017, we hereby submit the following:

(i) Declaration submitted does not specify whether the said declaration is for Standalone or Consolidated result, company is required to clarify the same or submit declaration or Statement of Impact of Audit Qualifications separately for each type of results (i.e. Standalone and Consolidate) - ( For Standalone Result & Consolidated Result )

Pursuant to Regulation 33(3)(d) of the Listing Regulations, we hereby confirm that the Audit Report issued by M/s S.R. Batliboi & Associates LLP, Chartered Accountants, Statutory Auditors of the Company on the Audited Financial Results for the quarter (standalone basis) and year (standalone and consolidated basis) ended March 31, 2017 is with Unqualified and Unmodified Opinion.
(ii) Financial Result is not as per Schedule III - Submit revised results in accordance with Schedule III format of Companies Act, 2013 (kindly refer SEBI circular Ref. CIR/CFD/FAC/62/2016 dated July 05, 2016 (Point 2.1 and 2.4 )

The revised financial results for the quarter (standalone basis) and year (standalone and consolidated basis) ended March 31, 2017 in accordance with Schedule III format of the Companies Act, 2013 are enclosed herewith.
 

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