Financial Performance (Quarter Ended September 30, 2022)

  • Net Loss for the quarter: ₹0.49 lakh
  • Total Comprehensive Income: ₹(0.49) lakh
  • Earnings Per Share (EPS): (₹0.00) both basic and diluted
  • Profit before tax: ₹(0.49) lakh
  • Total Expenses: ₹0.49 lakh, consisting of:
  • Changes in inventories: ₹0.36 lakh
  • Employee benefits expense: ₹0.07 lakh
  • Depreciation and amortization: ₹0.03 lakh
  • Finance costs: ₹0.02 lakh
  • Other expenses: ₹0.01 lakh
  • Tax Expense: ₹Nil (both current and deferred tax)

Financial Position (As of September 30, 2022)

Total Assets: ₹6.17 lakh

  • Non-Current Assets: ₹5.76 lakh
  • Fixed Assets: ₹Nil
  • Goodwill: ₹Nil
  • Non-current investments: ₹Nil
  • Long term loans and advances: ₹5.76 lakh
  • Other Non-current assets: ₹Nil
  • Current Assets: ₹0.41 lakh
  • Current Investments: ₹Nil
  • Inventories: ₹Nil
  • Trade receivables: ₹Nil
  • Cash and Cash equivalents: ₹0.41 lakh
  • Short term loans and advances: ₹Nil
  • Other current assets: ₹Nil

Equity and Liabilities: ₹6.17 lakh

  • Shareholders' Fund: ₹(195.45) lakh (negative)
  • Share Capital: ₹461.32 lakh
  • Reserves and Surplus: ₹(656.77) lakh
  • Non-Current Liabilities: ₹Nil
  • Current Liabilities: ₹201.62 lakh
  • Short term borrowings: ₹192.96 lakh
  • Trade payables: ₹8.11 lakh
  • Other current Liabilities: ₹Nil
  • Other short term provisions: ₹0.55 lakh

Comparative Figures (Previous Year Ended September 30, 2021)

  • Total Assets: ₹6.13 lakh
  • Shareholders' Fund: ₹(193.13) lakh (negative)
  • Current Liabilities: ₹199.26 lakh
  • Cash and Cash equivalents: ₹0.37 lakh

Regulatory and Compliance Information

  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)
  • The company adopted Ind AS for the financial year commencing from April 1, 2017
  • The Audit Committee reviewed the results on November 11, 2022
  • The Board of Directors approved the results on November 11, 2022
  • The Statutory Auditors, P.D. Agrawal & Co., carried out a "Limited Review" of the financial results
  • The document was submitted to BSE Limited as required under SEBI Listing Regulations

Accounting Policy Notes

  • Previous period/Year figures have been regrouped/reclassified to make them comparable with current period/year
  • The results include a reconciliation from previous Indian GAAP to Ind AS, showing no material differences for the periods presented
  • The auditors note they were not engaged to review the comparative figures including reconciliation to the Total Comprehensive Income for the quarter ended September 2022