Garlon Polyfab Industries Limited submitted its unaudited financial results for the quarter ended June 30, 2023 to BSE Limited as required under Regulation 33(3)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The financial results show minimal operational activity during the quarter:
Financial Performance (in ₹ lakhs):
- Total Income from Operations: ₹0.00
- Other Income: ₹0.00
- Total Income: ₹0.00
Expenses Breakdown:
- Employee benefits expense: ₹0.34
- Depreciation and amortisation expense: ₹0.04
- Other expenses: ₹0.58
- Finance Cost: ₹0.07
- Total Expenses: ₹1.03
Profit/Loss Position:
- Loss before tax: ₹(1.03)
- Tax Expense: ₹0.00
- Net Loss for the period: ₹(0.94)
Capital Structure:
- Paid up equity share capital: ₹461.32 lakhs (Face Value of ₹10 per share)
Earnings Per Share:
- Basic EPS: ₹(0.00)
- Diluted EPS: ₹(0.00)
Regulatory Compliance:
- The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held in August 2023
- The statement was prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 (Ind AS)
- The limited review was conducted by statutory auditors P.D. Agarwal & Co. (Firm Registration No. 001049C)
- The company adopted Ind AS for the financial year commencing from April 1, 2017
Auditor's Report:
P.D. Agarwal & Co., Chartered Accountants, issued a limited review report stating that nothing has come to their attention that causes them to believe that the Statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.
Note: The auditors drew attention to the fact that they were not engaged to review the comparative figures for the quarter ended June 2023, which were furnished by management.