Board Meeting Details

The Board of Directors meeting was held on November 14, 2022, commencing at 04:00 PM and concluding at 05:00 PM. The board approved the unaudited financial results for the quarter ended September 30, 2022.

Financial Results Overview (Quarter Ended September 30, 2022)

Income Statement Highlights (in ₹ Lakhs):

  • Total Income: ₹0.00 (Zero revenue from operations and other income)
  • Total Expenses: ₹0.39
  • Employee benefits expense: ₹0.36
  • Other expenses: ₹0.03
  • Net Loss before tax: ₹(0.39)
  • Tax Expense: ₹0.00
  • Net Loss for the period: ₹(0.39)
  • Earnings Per Share (EPS): Basic and Diluted ₹(0.00)

Half Year Performance (Ended September 30, 2022)

Financial Highlights (in ₹ Lakhs):

  • Net Loss for half year: ₹(0.88)
  • Total Comprehensive Income: ₹(0.88)

Balance Sheet Position (As of September 30, 2022)

Standalone Statement of Assets and Liabilities (in ₹ Lakhs):

  • Total Assets: ₹6.17
  • Non-Current Assets: ₹5.76 (primarily Long term loans and advances)
  • Current Assets: ₹0.41 (Cash and Cash equivalents)
  • Equity and Liabilities: ₹6.17
  • Shareholders' Funds: ₹(195.45) (Negative)
  • Share Capital: ₹461.32
  • Reserves and Surplus: ₹(656.77)
  • Current Liabilities: ₹201.62
  • Short term borrowings: ₹192.96
  • Trade payables: ₹8.11
  • Other short term provisions: ₹0.55

Auditor's Review

P.D. Agrawal & Co., Chartered Accountants, conducted a limited review of the financial results as per Standard on Review Engagement (SRE) 2410. Their report states that nothing came to their attention causing them to believe that the statement contains material misstatements and that it is prepared in accordance with Ind AS and SEBI LODR requirements.

Key Notes to Financial Statements

1. The results are prepared in compliance with Indian Accounting Standards (Ind-AS).

2. The company adopted Ind AS from the financial year commencing April 1, 2017.

3. The statutory auditors carried out a "Limited Review" of these results.

4. Previous period figures have been regrouped/reclassified for comparability.

5. The auditors note they were not engaged to review comparative figures for the quarter ended September 2022; these were furnished by management.

Additional Information

  • Paid-up equity share capital: ₹461.32 lakh (Face Value of ₹10 per share)