Financial Results Highlights
Quarter Ended September 30, 2023:
- Income From Operations: Not quantified in disclosure
- Other Income: Not quantified in disclosure
- Total Expenses: ₹1.45 lakh
- Profit/Loss before tax: (₹1.45) lakh
- Tax Expense: ₹0
- Net Profit/Loss for the period: (₹1.45) lakh
- Earnings Per Share (Basic): (₹0.00)
- Paid-up equity share capital: ₹461.32 lakh (Face value ₹10 per share)
Half Year Ended September 30, 2023:
- Net Profit/Loss: (₹2.39) lakh
- Earnings Per Share (Basic): (₹0.00)
Comparative Figures:
- Quarter Ended September 30, 2022: Net Loss of (₹0.49) lakh
- Half Year Ended September 30, 2022: Net Loss of (₹0.88) lakh
- Year Ended March 31, 2023: Net Loss of (₹2.54) lakh (Audited)
Balance Sheet Position (as of September 30, 2023)
Assets:
- Non-Current Assets: ₹5.91 lakh (primarily Long term loans and advances)
- Current Assets: ₹0.48 lakh (Cash and Cash equivalents)
- Total Assets: ₹6.39 lakh
Liabilities and Equity:
- Share Capital: ₹461.32 lakh
- Reserves and Surplus: (₹660.83) lakh (negative reserves)
- Shareholders' Fund: (₹199.51) lakh (negative)
- Current Liabilities: ₹205.90 lakh (including Short term borrowings of ₹195.61 lakh)
- Total Equity and Liabilities: ₹6.39 lakh
Regulatory Compliance and Review
The financial results have been prepared in compliance with Indian Accounting Standards (Ind AS) adopted from April 1, 2017. The limited review was conducted by P.D. Agarwal & Co., Chartered Accountants (Firm Registration No. 001049C), who issued a report stating that nothing came to their attention suggesting material misstatement.
Additional Information
The company noted that comparative figures including reconciliation to the Total Comprehensive Income for the quarter ended September 2023 have been furnished by management and were not reviewed by the auditors. Previous period/year figures have been regrouped/reclassified to make them comparable with current period/year.