STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021
(Rs. In Lacs except earning per share data)
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| NOTES:- |
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| 1. The un-audited Financial Results have been reviewed by the Audit Committee and were taken on record and approved by the Board of Directors in their meeting held on 14th August, 2021. These results have been subjected to limited review by statutory auditors of the company. |
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| 2. These financial results have been prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. The said financial results of the parent company and its subsidiaries (together referred as the "Group") have been prepared in accordance with IND-AS 110 - Consolidated financial statements". |
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| 3. The figures for the quarter ended March 31, 2021 are balancing figures between audited figures in respect of financial year ended March 31, 2021 and the published year to date unaudited figures upto the third quarter ended on December 31, 2020. |
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| 4. The company has analysed all the relevant parameters associated with the risk due to pandemic COVID-19 and is of opinion that it will not have any material impact on the recoverability of the carrying value of its assets at at June 30, 2021 and going concern assumption. The impact of the pandemic may differ from that estimated as at the date of approval of these interim financial results. Such changes if any, will be prospectively recognised. The company will continue to closely monitor any material changes to future economic conditions. |
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| 5. Exceptional Item amounting to Rs. 382.21 Lacs represent loss on sale of Land and Building (property). Operation of one of the unit alongwith entire plant & machinery has been shifted to another location for better synergies and efficiency in operations; and the property has been disposed off to have additional liquidity for business operations of the company. |
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| 6. Figures of the previous period have been regrouped and rearranged wherever necessary to correspond with current period's classification/disclosure.
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For and on behalf of the BOARD
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Date: 14.08.2021
Place - Unnao |
Zafarul Amin
Chairman and Managing Director
DIN - 15533 |
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