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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes :-  n  n(1)tThe above financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on February 7, 2020.  n  n(2)tThe Company has only one reportable primary segment, viz. 'Bearings and Components'. Accordingly, no separate disclosure of segment information has been made.tttttt  n(3)tEffective April 1, 2019, the Company has applied IND AS 116  Leases  to all applicable lease contracts existing on April 1, 2019 using the modified retrospective method. Accordingly, the cumulative adjustment on application of the Standard has been adjusted to retained earnings on the date of initial application and comparatives for the quarter ended and year ended March 31, 2019 have not been retrospectively adjusted. The impact of the application of the Standard on the results was not significant.t  n  n(4)tThe Company has elected to exercise the option permitted under Section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019.  Accordingly, the Company has recognised provision for income tax for the quarter and nine months ended on December 31, 2019 and re-measured its deferred tax balances basis the rate prescribed in the said section.tttttt  n(5)tMr. Ajay K Das, Director resigned w.e.f. close of business hours on February 4, 2020.  Mr. Douglas Smith is appointed as an Additional Director w.e.f. February 7, 2020.tttttt  n(6)tPrevious period's figures have been regrouped / rearranged where necessary to conform to current period's classification.tttttt  n(7)tThere were no exceptional items during the respective periods reported above.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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