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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.  The above financial results were reviewed and recommended by the Audit Committee of the Board and approved by the Board of Directors at their meeting held on February 11, 2019.2.Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015.3.The Statutory auditors of the Company have carried out a limited review of the results.4.Revenue from operations for periods up to December 31, 2017 include excise duty, which is discontinued effective July 01, 2017 upon implementation of Goods and Services Tax (GST) in India. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the period ended December 31, 2018 are not comparable with the previous period.5.The Company is in the business of manufacturing and distribution of Agro Chemicals and accordingly has one reportable business segment viz. 'Agro Chemicals'. 6.The Ministry of Corporate Affairs (MCA), on March 28, 2018, notified lnd AS 115 "Revenue from Contracts with Customers" as part of the Companies (Indian Accounting Standards) Amendment Rules, 2018 which is effective for accounting periods beginning on or after April 01, 2018 and the Company has applied modified retrospective approach in adopting the new standard and accordingly, an amount of Rs.216 Million has been adjusted in retained earnings as on April 01, 2018 and for the quarter and nine months ended December 31, 2018 has resulted in increase in profit after tax  by Rs.141 million and Rs.156 million respectively and earning per share by Rs. 1.02 and Rs. 1.13 respectively. Consequently the figures are not strictly comparable with earlier periods.7.The previous period's figures have been regrouped/ rearranged/ reclassified wherever necessary. 1.  The above financial results were reviewed and recommended by the Audit Committee of the Board and approved by the Board of Directors at their meeting held on February 11, 2019.2.Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015.3.The Statutory auditors of the Company have carried out a limited review of the results.4.Revenue from operations for periods up to December 31, 2017 include excise duty, which is discontinued effective July 01, 2017 upon implementation of Goods and Services Tax (GST) in India. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the period ended December 31, 2018 are not comparable with the previous period.5.The Company is in the business of manufacturing and distribution of Agro Chemicals and accordingly has one reportable business segment viz. 'Agro Chemicals'. 6.The Ministry of Corporate Affairs (MCA), on March 28, 2018, notified lnd AS 115 "Revenue from Contracts with Customers" as part of the Companies (Indian Accounting Standards) Amendment Rules, 2018 which is effective for accounting periods beginning on or after April 01, 2018 and the Company has applied modified retrospective approach in adopting the new standard and accordingly, an amount of Rs.216 Million has been adjusted in retained earnings as on April 01, 2018 and for the quarter and nine months ended December 31, 2018 has resulted in increase in profit after tax  by Rs.141 million and Rs.156 million respectively and earning per share by Rs. 1.02 and Rs. 1.13 respectively. Consequently the figures are not strictly comparable with earlier periods.7.The previous period's figures have been regrouped/ rearranged/ reclassified wherever necessary.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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