Board Approval and Meeting Details

The Board of Directors approved the unaudited financial results at their meeting held on November 12, 2020. The meeting commenced at 04:00 PM and concluded at 05:00 PM.

Financial Results Overview (Amounts in ₹ Lakhs)

Quarter Ended September 30, 2020:

  • Total Income: Not explicitly quantified in the provided data tables
  • Total Expenses: ₹0.38
  • Employee Benefits Expense: ₹0.36
  • Other Expenses: ₹0.02
  • Net Loss: ₹(0.38)
  • Earnings Per Share (Basic): ₹(0.00)

Quarter Ended June 30, 2020:

  • Net Loss: ₹(0.62)

Quarter Ended September 30, 2019:

  • Net Loss: ₹(0.31)

Half-Year Ended September 30, 2020:

  • Net Loss: ₹(1.00)

Half-Year Ended September 30, 2019:

  • Net Loss: ₹(0.45)

Capital Structure

  • Paid-up equity share capital (Face Value of ₹10 per share): ₹46,132,000.00 (₹46.132 crore), unchanged across all periods presented.
  • Reserves (excluding Revaluation Reserve) as per the audited balance sheet of the previous year: Negative ₹189.50 lakh.

Limited Review Report

P.D. Agarwal & Co., Chartered Accountants (Firm Registration No.: 077468), conducted a limited review of the financial results. Their report, dated November 13, 2020, states that based on their review, nothing has come to their attention that causes them to believe the statement is not prepared in all material respects in accordance with Indian Accounting Standards (Ind AS) and other recognized accounting practices and policies. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Accounting Framework and Compliance

The financial results have been prepared in compliance with Indian Accounting Standards (Ind AS). The company adopted Ind AS for the financial year commencing April 1, 2017. The results for previous periods have been restated as per Ind AS.

The standalone financial results were reviewed by the Audit Committee at their meeting held on November 8, 2020, and approved by the Board of Directors on November 12, 2020.

Additional Financial Information (As at September 30, 2020)

A condensed balance sheet and cash flow statement for the half-year ended September 30, 2020, were included but contained largely blank or zero values, indicating minimal operational activity.

Cash Flow Statement (Half-Year Ended September 30, 2020)

  • Net Profit Before Tax & Extraordinary Items: ₹(100) [presumably in lakhs, though unit is unclear from context]
  • Net Cash Flow in Financing Activities: ₹14 [unit unclear]
  • Cash and Cash Equivalents (Opening): ₹80 [unit unclear]
  • Cash and Cash Equivalents (Closing): Not populated in the provided data