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Enclosed a statement of Un-audited Financial Results for six months ended 30th September 2018 as per IndAS taken on record by the Board of Directors at their meeting held on 9th November 2018. The Board of Directors have approved the limited review report at their meeting held on 9th November 2018 for six months ended 30th September 2018. We therefore enclose a copy of the same issued by B S R & Co. LLP, . As per hedging policy,the Company has booked forward contracts maturing over the course of next 10 quarters and contracts outstanding as at September 2018 are worth $ 22.14 million at an average forward exchange rate of INR 73.41. On the aforesaid forward contracts, the Company has recorded a mark to market loss of INR 391.51 Lakhs (net of deferred tax) for the quarter ended 30th September 2018 which will be subsequently reclassified to P&L on maturity of these forward contracts. This loss does not entail any cash outflow for the Company on maturity of these forward contracts.
Source : BSE - www.bseindia.com
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