Board Meeting Details

The Board of Directors meeting was held on July 31, 2019, commencing at 4:00 PM and concluding at 5:00 PM. The board approved the unaudited financial results for the quarter ended June 30, 2019.

Financial Results Summary

Quarter Ended June 30, 2019 (Unaudited):

  • Income From Operations: ₹0.00
  • Other Income: ₹6.00
  • Total Income: ₹6.00
  • Other Expenses: ₹13,835.90
  • Total Expenses: ₹13,835.90
  • Net Loss Before Tax: ₹(13,835.90)
  • Net Loss for the Period: ₹(13,835.90)
  • Earnings Per Share (Basic): (0.00)
  • Earnings Per Share (Diluted): (0.00)

Comparative Financials:

Quarter Ended March 31, 2019 (Unaudited):

  • Total Income: ₹1,310,000.00
  • Net Profit Before Tax: ₹877,000.00
  • Net Profit for the Period: ₹877,000.00
  • EPS (Basic): ₹0.19
  • EPS (Diluted): ₹0.19

Quarter Ended June 30, 2018 (Unaudited):

  • Total Income: ₹0.00
  • Net Loss Before Tax: ₹(3,827.00)
  • Net Loss for the Period: ₹(3,827.00)
  • EPS (Basic): (0.00)
  • EPS (Diluted): (0.00)

Year Ended March 31, 2019 (Audited):

  • Total Income: ₹1,310,000.00
  • Net Loss Before Tax: ₹(234,000.00)
  • Net Loss for the Period: ₹(234,000.00)
  • EPS (Basic): (0.05)
  • EPS (Diluted): (0.05)

Capital Structure

  • Paid-up equity share capital: ₹46,132,000.00 (Face Value of ₹10 per share)
  • Consistent across all reported periods

Auditor Review

The unaudited financial results were reviewed by P.D. Agarwal & Co., Chartered Accountants (Firm Registration No. 001049C). Their limited review report dated July 31, 2019, states that nothing came to their attention suggesting the statement was not prepared in accordance with Ind AS and SEBI requirements.

Key Notes to Financial Results

1. The company has adopted Indian Accounting Standards (Ind AS) effective from April 1, 2017

2. The statutory auditors conducted a limited review as required under SEBI Listing Regulations

3. Provision for Income Tax and Deferred Tax, if any, will be made at year-end

4. Figures of previous periods have been regrouped wherever necessary

5. Comparative figures including reconciliation to Total Comprehensive Income for the quarter ended June 2019 were furnished by management and not reviewed by auditors