Notes :
1	Statement of Assets and Liabilities (Audited):	As at 31.03.2018		As at 31.03.2017
		Rs. In Lacs		Rs. In Lacs
A	ASSETS
1	Non-current Assets
	(a) Property, Plant and Equipment	6,713.15		7,063.61
	(b) Capital work-in-progress	-		-
	(c) Investment Property	37.40		37.67
	(d) Other intangible Assets	-		-
	(e) Intangible assets under development	-		-
			6,750.55		7,101.28
	(f) Financial Assets
	i. Investments	2.58		2.47
	ii. Other financial assets	22.75		8.01
	(e) Non Current tax assets (Net)	-		-
	(f) Other Non-Current Assets	645.00		622.55
			670.33		633.03
	Sub-total - Non-current Assets		7,420.88		7,734.31
2	Current Assets
	(a) Inventories	3,286.39		2,978.37
	(b) Financial Assets
	i. Trade Receivables	5,266.36		4,390.61
	ii. Cash and cash equivalents	357.96		361.39
	iii. Other financial assets	51.65		86.23
	(c) Other Current Assets	605.83		442.46
	Sub-total - Current Assets		9,568.19		8,259.06
	TOTAL - ASSETS		16,989.07		15,993.37
B	EQUITY AND LIABILITIES
1	Equity
	(a) Equity Share Capital	393.46		393.46
	(b) Other Equity	7,072.05		6,703.26
	Sub-total - Shareholders' funds		7,465.51		7,096.72
	LIABILITIES
2	Non-current liabilities
	(a) Financial Liabilities
	i. Borrowings	0.00		0.00
	(b) Provisions	103.13		107.17
	(c) Deferred Tax Liabilities (Net)	1,173.65		1,240.87
	(d) Liabilities for Tax (Net)	1,084.13		779.87
	Sub-total - Non-current liabilities		2,360.91		2,127.91
3	Current liabilities
	(a) Financial Liabilities
	i. Short-term borrowings	3,021.66		3,017.03
	ii. Trade payables	3,006.01		2,519.34
	iii. Other Financial Liabilities	843.18		905.46
	(b) Other current liabilities	261.32		301.56
	(c) Provisions	30.48		25.34
	Sub-total - Current liabilities		7,162.65		6,768.73
	TOTAL - EQUITY AND LIABILITIES		16,989.07		15,993.37

 

2	The operations of the Company relate only to one segment viz., friction materials.
3	In accordance with the requirements of Ind-AS, Revenue from Operations (as indicated in Sl. No. 1) for the Quarters ended 31st March 2018 / 31st December, 2017  excludes Goods and Services Tax (GST). However, Excise Duty indicated for the financial year ended 31st March, 2018 represents Excise Duty for the quarter ended 30th June, 2017 as indicated in Sl. No. 4(b).
4	Compensation under Voluntary Retirement Scheme (VRS) for Workmen was paid during the quarter ended 31.03.2018, under which 28 workmen opted for the same. The total Compensation for VRS of Rs. 152 lacs has been shown as an Exceptional Item.
5	The above audited financial results were reviewed and recommended by the audit committee and approved by the Board of Directors at its meeting held on 29th May, 2018. The Statutory Auditors have carried out an audit for the year ended 31st March, 2018 and have issued an unqualified report thereon.
6	The above audited financial results of the Company have been prepared in accordance with (Indian Accounting Standards) ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated 5th July, 2016.
7	Other Comprehensive Income mainly comprise of the impact on movement in fair value of Non-Current Investments in Equity and Remeasurement of Defined Plan Benefits
8	The figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial years ended 31.03.2018 / 31.03.2017.
9	Prior period figures have been regrouped wherever necessary to confirm to current period classification.