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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.�The above un-audited standalone financial results were reviewed by the audit committee and thereafter approved at the meeting of the Board of Directors held on 12th February, 2019. The auditors have issued an unqualifed Audit opinion on these results.2.���� Pursuant to Regulation 33(3)(Ea) of SEBKLODR) Regulations, 2015 the company has opted not to consolidate the results for the first three quarters of the financial Year 2018-2019. Therefore only standalone financial results are being submitted.3.���� The above Standalone financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS�) as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules. 2015, as amended.�4.��Effective 1st April 2018, the Company has adopted Ind AS 115 'Revenue from Contracts with Customers'. Based on the assessment done by the management, there is no material impact on the revenue recognised.5.� Segment reporting: In line with the provisions of Ind AS 108 - operating segments, the operations of the Company fall primarily under manufacturing of Composite Polymer Insulators and Electric Buses, which has commenced commercial operation in the second quarter of previous financial year and accordingly considered under reportable segments by the management.�6. The Government of India introduced the Goods and Services Tax (GST) with effect from 1st July, 2017, consequently revenue from operations for the quarters ended 31" December 2018, 31st December 2017 and September 2018 is net of GST. However revenue for all other periods presented is inclusive of excise duty, where applicable.�7.���� Provision for taxation is made at the effective Income Tax rates. 1.�The above un-audited standalone financial results were reviewed by the audit committee and thereafter approved at the meeting of the Board of Directors held on 12th February, 2019. The auditors have issued an unqualifed Audit opinion on these results.2.�����Pursuant to Regulation 33(3)(Ea) of SEBKLODR) Regulations, 2015 the company has opted not to consolidate the results for the first three quarters of the financial Year 2018-2019. Therefore only standalone financial results are being submitted.3.�����The above Standalone financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS�) as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules. 2015, as amended.�4.��Effective 1st April 2018, the Company has adopted Ind AS 115 'Revenue from Contracts with Customers'. Based on the assessment done by the management, there is no material impact on the revenue recognised.5.� Segment reporting: In line with the provisions of Ind AS 108 - operating segments, the operations of the Company fall primarily under manufacturing of Composite Polymer Insulators and Electric Buses, which has commenced commercial operation in the second quarter of previous financial year and accordingly considered under reportable segments by the management.�6. The Government of India introduced the Goods and Services Tax (GST) with effect from 1st�July, 2017, consequently revenue from operations for the quarters ended 31" December 2018, 31st December 2017 and September 2018 is net of GST. However revenue for all other periods presented is inclusive of excise duty, where applicable.�7.�����Provision for taxation is made at the effective Income Tax rates.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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