IGARASHI MOTORS INDIA LTD. - 517380 - Sub: Submission Of Un-Audited Results For Three Months Ended 31St December 2018. Ref: Regulation 33 Read With Regulation 30, Schedule III, Part A (4) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find enclosed a statement of Un-audited Financial Results for three months ended 31st December 2018 as per IndAS which was taken on record by the Board of Directors at their meeting held on 13th February, 2019 (today). The Board of Directors have approved the limited review report of the Statutory Auditors, at their meeting held on Wednesday, 13th February, 2019 for three months ended 31st December, 2018. We therefore enclose a copy of the limited review report issued by B S R & Co. LLP, the Statutory Auditors of the Company. The Company's financial performance has been adversely impacted due to slowdown in the global auto industry. Despite the sales decline, Company has been able to mitigate the impact on profitability by various cost containment measures. The Company's new programs for global Clients are still on track and are expected to result in significant volume growth in the next few years. The Board Meeting was concluded at 5.20 P.M.13-02-2019