Gillette_India_Limited_AR_20

Annual Report 2019-20 129 Notes to Financial Statements for the year ended June 30, 2020 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited 40 As a result of the nationwide lockdown imposed by the Government of India in view of the Covid-19 pandemic, the operations of the Company were temporarily disrupted at its manufacturing, warehouse and distribution locations from second half of March 2020. The operations have gradually resumed in a phased manner in line with the Government directives issued from time to time. The Company’s Management has evaluated the impact of this pandemic on its business operations and financial position and based on such review, there is no significant impact on the Company’s assets, capital and financial resources, profitability parameters or liquidity positions as at June 30, 2020. The Management does not envisage any impact on the going concern assumption in the foreseeable future. However, the impact assessment of COVID-19 will be a continuing process given the uncertainties associated with its nature and duration. 41 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure. 42 Approval of financial statements The financial statements were approved for issue by the board of directors on August 26, 2020. Signatures to Notes 1 to 42 For and on behalf of Board of Directors B. S. Mehta Chairman Madhusudan Gopalan Managing Director Gagan Sawhney Director & Chief Financial Officer Ghanashyam Hegde Company Secretary Place: Mumbai Date: August 26, 2020