Garlon Polyfab Industries Limited submitted its audited financial results for the quarter and year ended March 31, 2021, pursuant to Regulation 33(3)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the results at their meeting held on June 29, 2021, which commenced at 04:00 PM and concluded at 05:00 PM. The statutory auditors, P.D. Agrawal & Co., provided an unmodified opinion on the financial results.

Financial Performance (Year Ended March 31, 2021)

  • Total Income: ₹0.09 lakhs (consisting entirely of Other Income)
  • Total Expenses: ₹3.88 lakhs
  • Employee benefits expense: ₹1.44 lakhs
  • Other expenses: ₹2.44 lakhs
  • Net Loss before tax: ₹(3.79) lakhs
  • Tax Expense: Nil
  • Net Loss for the period: ₹(3.79) lakhs
  • Earnings Per Share (Basic & Diluted): ₹(0.005) per share
  • Paid-up equity share capital: ₹461.32 lakhs (Face Value of ₹10 per Share)

Quarterly Performance (Q4 FY21)

  • Total Income: ₹0.09 lakhs
  • Total Expenses: ₹2.30 lakhs
  • Employee benefits expense: ₹0.35 lakhs
  • Other expenses: ₹1.94 lakhs
  • Net Loss for the quarter: ₹(2.21) lakhs
  • EPS (Basic & Diluted): ₹(0.0048) per share

Balance Sheet Position (as of March 31, 2021)

  • Total Assets: ₹6.15 lakhs
  • Non-current assets: ₹5.76 lakhs (Long term loans and advances)
  • Current assets: ₹0.39 lakhs
  • Shareholders' Funds: ₹(192.28) lakhs
  • Share capital: ₹461.32 lakhs
  • Reserves and surplus: ₹(653.60) lakhs
  • Current Liabilities: ₹198.43 lakhs
  • Short-term borrowings: ₹191.76 lakhs
  • Trade payables: ₹5.95 lakhs
  • Short-term provisions: ₹0.72 lakhs

Cash Flow Statement (Year Ended March 31, 2021)

  • Cash flow from operating activities: ₹(2,94,883.69)
  • Cash flow from investing activities: ₹0.00
  • Cash flow from financing activities: ₹2,68,000.00 (Proceeds from borrowings)
  • Net decrease in cash and cash equivalents: ₹(26,883.69)
  • Opening cash balance: ₹74,183.98
  • Closing cash balance: ₹47,300.29

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and have been reviewed by the Audit Committee. The results will be made available on the company's website at https://www.garlonpolyfabindustriesltd.com/.