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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 May 17, 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. Revenue from operations for periods up to March 31, 2018 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 year ended March 31, 2019 are not comparable with the previous period.��� 4. The Company is in the business of manufacturing and distribution of Agro Chemicals and accordingly has one reportable business segment viz. 'Agro Chemicals'.���� 5. The figures of last quarter are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures upto third quarter of the current financial year.�� 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 &amp;#8377; 216 Million has been adjusted against in retained earnings as on April 01, 2018 and for the quarter and year ended March 31, 2019 has recognized profit after tax of Rs.82 Million and Rs.238 Million respectively and higher earnings per share by Rs.0.59 and Rs.1.72 respectively. Consequently the figures are not strictly comparable with earlier periods.� � 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 May 17, 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. Revenue from operations for periods up to March 31, 2018 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 year ended March 31, 2019 are not comparable with the previous period.    4. The Company is in the business of manufacturing and distribution of Agro Chemicals and accordingly has one reportable business segment viz. 'Agro Chemicals'.     5. The figures of last quarter are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures upto third quarter of the current financial year.   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 &amp;#8377; 216 Million has been adjusted against in retained earnings as on April 01, 2018 and for the quarter and year ended March 31, 2019 has recognized profit after tax of Rs.82 Million and Rs.238 Million respectively and higher earnings per share by Rs.0.59 and Rs.1.72 respectively. Consequently the figures are not strictly comparable with earlier periods. 7. The previous period's figures have been regrouped/ rearranged/ reclassified wherever necessary.   8. The Board of Direc</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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