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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Note:(1)The standalone and consolidated financial results for the quarter and period ended March 31, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 24, 2019. These financial results are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.(2)The standalone and consolidated financial results for the quarter ended March 31, 2019 and March 31, 2018 are balancing figures between audited figures in respect of the full financial years and the unaudited published year-to-date figures upto the third quarter for respective years which were subjected to limited review.(3)The Company has availed the option to submit the unaudited consolidated financial results from the quarter ended June 30, 2018 onwards. The consolidated figures of the quarter ended March 31, 2018 have not been audited or reviewed by our statutory auditors. However, the management has exercised due deligence to ensure that the unaudited consolidated financial results for this period provide a true and fair view of the Company's affairs.(4)Subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company, the Board of directors have recommended a final dividend of Rs.0.24 per equity share of Rs.2/- each.(5)The consolidated financial results includes the results of the Company, its subsidiary held directly - Sarovar Insulation Private Limited and controlled entity - Saideep Polytherm (Partnership firm). The standalone financial results for the year ended March 31, 2019 also includes the loss from the controlled entity amounting to Rs. 104.28 lakhs under other expenses.(6) Ind AS 115 Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after April 01, 2018, replaces existing revenue recognition requirements. Under the modified retrospective approach there were no significant adjustments required to the retained earnings at April 01, 2018. Also, the application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in financial results.(7)The above financial results are also available on the stock exchange websites www.bseindia.com, www.nseindia.com and on our website www.beardsell.co.in.(8) Figures of the previous period, wherever necessary, have been regrouped / reclassified to conform to the current period’s classification / presentation. </in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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