Key Financial Figures
- Quarter Ended December 31, 2017: Zero turnover/income reported
- Earnings Per Share (EPS):
- Basic: (0.00)
- Diluted: (0.00)
- Net Profit/Equity: Negative (loss) position indicated
- Share Capital: ₹4,61,32,000 (46.132 million shares)
Dates of Action and Approval
- Financial Period: Quarter and nine months ended December 31, 2017
- Audit Committee Meeting: February 14, 2018
- Board of Directors Approval: February 14, 2018
- Review Report Date: January 25, 2018
Accounting Standards and Compliance
The financial results are prepared in compliance with Indian Accounting Standards (Ind-AS) notified by the Ministry of Corporate Affairs. The company adopted Ind-AS for the financial year commencing from April 1, 2017. Previous period results have been restated as per Ind-AS requirements.
Auditor Review
The standalone financial results were reviewed by P.D. Agrawal & Co., Chartered Accountants (Registration No. 001049C), who conducted their review in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI. The auditors noted that they were not engaged to review comparative figures including reconciliation to the Total Comprehensive Income for the quarter ended December 2017, which were furnished by management.