GARLON POLYFAB INDUSTRIES LIMITED

Key Financial Figures (Standalone, in ₹ Lakhs)

Quarter Ended September 30, 2023:

  • Total Income: ₹0.00
  • Total Expenses: ₹1.45
  • Profit/(Loss) before tax: (₹1.45)
  • Tax Expense: ₹0.00
  • Net Profit/(Loss) for the period: (₹1.45)
  • Earnings Per Share (EPS) - Basic: (₹0.00)

Half-Year Ended September 30, 2023:

  • Total Income: ₹0.00
  • Total Expenses: ₹2.39
  • Profit/(Loss) before tax: (₹2.39)
  • Tax Expense: ₹0.00
  • Net Profit/(Loss) for the period: (₹2.39)
  • Earnings Per Share (EPS) - Basic: (₹0.00)

Comparative Figures (Quarter Ended September 30, 2022):

  • Net Profit/(Loss) for the period: (₹0.49)

Year Ended March 31, 2023 (Audited):

  • Net Profit/(Loss) for the period: (₹2.54)

Balance Sheet Position (Standalone, as of September 30, 2023, in ₹ Lakhs)

Assets:

  • Total Non-Current Assets: ₹5.91
  • Total Current Assets: ₹0.48
  • Total Assets: ₹6.39

Equity and Liabilities:

  • Share Capital: ₹461.32
  • Reserves and Surplus: (₹660.83)
  • Total Shareholders' Funds: (₹199.51)
  • Short-term borrowings: ₹195.61
  • Trade payables: ₹3.85
  • Other short-term provisions: ₹6.44
  • Total Current Liabilities: ₹205.90
  • Total Equity and Liabilities: ₹6.39

Capital Structure

  • Paid-up equity share capital (Face Value of ₹10 per share) remained unchanged at ₹46,132,000.00 (4,613,200 shares).

Auditor's Review and Qualifications

The Limited Review Report, issued by P.D. Agrawal & Co., Chartered Accountants (Firm Registration No. 001049C), states that based on their review, nothing has come to their attention that causes them to believe the financial results are not prepared in all material respects in accordance with Indian Accounting Standards (Ind AS).

The report draws attention to Note 2, which states the company adopted Ind AS from April 1, 2017. The auditors also explicitly state they were not engaged to review the comparative figures for the quarter ended September 2022, which were furnished by management.