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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 2nd November 2018. The�Statutory Auditors have expressed an unmodified opinion on these results.2. As the Company's business activity falls within a single operating segment viz. "auto components and parts", no segment information is required to be disclosed.3. Revenue is net of Goods and Service Tax (GST), however excise duty paid during the quarter ended 30th June 2017 is included in the Revenue for the relevant�period, disclosed above.4. Effective 1st April, 2018, the Company adopted Ind AS 115 "Revenue from Contracts with Customers" using the cumulative catch-up transition method which is�applied to contracts that were not completed as of 1st April, 2018. The effect on adoption of Ind AS 115 was insignificant on the financial statements.5. The figures for the previous period have been regrouped/reclassified, wherever necessary to conform to the current period's presentation.6. The Board of Directors at the meeting held on 2nd November 2018, declared an interim dividend of Re.0.55 per share of Re. 1 each, for the period ended 30th�September 2018. The record date for the same is 16th November 2018. In terms of the Ind AS- 10 'Events after reporting date' as notified by the Ministry of�Corporate Affairs through amendments to Companies (Accounting Standards) Amendment Rules, 2016, dated 30 March 2016, the Company has not accounted for�interim dividend as liability as al 30th September 2018.7. The figures for quarters ended 30th September 2018 are the balancing figures between the audited figures of half -year ended 30lh September 2018 and 30th�June 2018, which was subjected to limited review. 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 2nd November 2018. The�Statutory Auditors have expressed an unmodified opinion on these results.2. As the Company's business activity falls within a single operating segment viz. "auto components and parts", no segment information is required to be disclosed.3. Revenue is net of Goods and Service Tax (GST), however excise duty paid during the quarter ended 30th June 2017 is included in the Revenue for the relevant�period, disclosed above.4. Effective 1st April, 2018, the Company adopted Ind AS 115 "Revenue from Contracts with Customers" using the cumulative catch-up transition method which is�applied to contracts that were not completed as of 1st April, 2018. The effect on adoption of Ind AS 115 was insignificant on the financial statements.5. The figures for the previous period have been regrouped/reclassified, wherever necessary to conform to the current period's presentation.6. The Board of Directors at the meeting held on 2nd November 2018, declared an interim dividend of Re.0.55 per share of Re. 1 each, for the period ended 30th�September 2018. The record date for the same is 16th November 2018. In terms of the Ind AS- 10 'Events after reporting date' as notified by the Ministry of�Corporate Affairs through amendments to Companies (Accounting Standards) Amendment Rules, 2016, dated 30 March 2016, the Company has not accounted for�interim dividend as liability as al 30th September 2018.7. The figures for quarters ended 30th September 2018 are the balancing figures between the audited figures of half -year ended 30lh September 2018 and 30th�June 2018, which was subjected to limited review.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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