Garlon Polyfab Industries Limited

Board Approval and Meeting Details

The Board of Directors approved the financial results at their meeting held on May 29, 2024. The meeting commenced at 04:00 PM and concluded at 05:00 PM.

Financial Position as at March 31, 2024 (in ₹ Lakhs)

Assets:

  • Total Assets: ₹5.98
  • Non-Current Assets: ₹5.76 (comprising solely of Long Term Loans and Advances)
  • Current Assets: ₹0.22 (comprising solely of Cash and Cash Equivalents)

Equity and Liabilities:

  • Shareholders' Fund: -₹201.51
  • Share Capital: ₹461.32
  • Reserves and Surplus: -₹662.83
  • Current Liabilities: ₹207.49
  • Short Term Borrowings: ₹196.76
  • Trade Payables: ₹3.85
  • Other Current Liabilities: ₹0.11
  • Short Term Provisions: ₹6.77
  • Total Equity and Liabilities: ₹5.98

Financial Performance (in ₹ Lakhs)

For the year ended March 31, 2024:

  • Total Expenses: ₹4.39
  • Employee Benefits Expense: ₹1.44
  • Depreciation and Amortization: ₹0.42
  • Finance Cost: ₹0.78
  • Other Expenses: ₹1.75
  • Net Loss Before Tax: ₹4.39
  • Tax Expense: ₹0.00
  • Net Loss for the Year: ₹4.39
  • Total Comprehensive Income: ₹4.39 (Loss)
  • Earnings Per Share (EPS): Not provided/calculated due to loss

For the quarter ended March 31, 2024 (Unaudited):

  • Total Expenses: ₹1.22
  • Net Loss Before Tax: ₹1.22
  • Net Loss for the Quarter: ₹1.22

For the previous year ended March 31, 2023:

  • Net Loss for the Year: ₹0.78

Capital Structure

Paid-up equity share capital remained unchanged at ₹461.32 lakhs (Face Value of ₹10 per share) for all periods presented.

Basis of Preparation

The financial results have been prepared in accordance with:

  • Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 33
  • Previous period/year figures have been reclassified to make them comparable with current periods