GARLON POLYFAB INDUSTRIES LIMITED

Financial Results - Profit & Loss Statement (Amounts in ₹ Lakh)

Quarter Ended March 31, 2021 (Q4 FY21)

  • Total Income from Operations: ₹0.09
  • Total Expenses: ₹2.30
  • Employee Benefits Expense: ₹0.36
  • Other Expenses: ₹1.94
  • Net Loss before tax: (₹2.21)
  • Tax Expense: ₹0.00
  • Net Loss for the period: (₹2.21)
  • Basic & Diluted Earnings Per Share (EPS): (₹0.0048)

Year Ended March 31, 2021 (FY21)

  • Total Income from Operations: ₹0.09
  • Total Expenses: ₹3.88
  • Employee Benefits Expense: ₹1.44
  • Other Expenses: ₹2.44
  • Net Loss before tax: (₹3.79)
  • Tax Expense: ₹0.00
  • Net Loss for the period: (₹3.79)
  • Basic & Diluted Earnings Per Share (EPS): (₹0.0082)

Comparative Figures

  • Previous Quarter (Dec 31, 2020): Net Loss of ₹0.58 lakh
  • Previous Year (Mar 31, 2020): Net Loss of ₹2.42 lakh

Balance Sheet Position as of March 31, 2021 (Amounts in ₹ Lakh)

Assets

  • Non-Current Assets: ₹5.76 (Long term loans and advances)
  • Current Assets: ₹0.39 (Cash and Cash equivalents)
  • Total Assets: ₹6.15

Equity and Liabilities

  • Shareholders' Fund: (₹192.28)
  • Share Capital: ₹461.32
  • Reserves and Surplus: (₹653.60)
  • Current Liabilities: ₹198.43
  • Short term borrowings: ₹191.76
  • Trade payables: ₹5.95
  • Other short term provisions: ₹0.72
  • Total Equity and Liabilities: ₹6.15

Compliance and Approval Details

  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS).
  • The results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on June 29, 2021.
  • The statutory auditors, P.D. Agrawal & Co., Chartered Accountants, have issued an unqualified audit opinion stating that the results give a true and fair view of the financial information.
  • The audit report is dated June 29, 2021, and was issued from Kanpur.

Capital Structure

  • Paid-up equity share capital: ₹461.32 lakh (Face Value of ₹10 per Share)
  • The number of shares outstanding is 4,613,200 (calculated based on face value and capital amount).

Additional Notes

  • The company notes that previous period/year figures have been regrouped/reclassified to make them comparable with the current period/year.
  • The statement of assets and liabilities shows a continued negative net worth position.