Board Approval and Meeting Details

The Board of Directors of Garlon Polyfab Industries Limited approved the audited financial results at their meeting held on May 29, 2023. The meeting commenced at 04:00 PM and concluded at 05:00 PM.

Financial Performance (Standalone)

Profit and Loss Statement (Amounts in ₹ Lakhs):

  • Quarter Ended March 31, 2023 (Q4 FY23): Net Loss of ₹2.54
  • Year Ended March 31, 2023 (FY23): Net Loss of ₹0.98
  • Previous Year Ended March 31, 2022 (FY22): Net Loss of ₹1.05

Earnings Per Share (EPS):

  • Basic EPS for FY23: (₹0.0015) [Note: Negative value indicated in source table]

Breakdown of Expenses for FY23:

  • Cost of materials consumed: ₹0.36
  • Employee benefits expense: ₹0.33
  • Depreciation and amortisation expense: Not Quantified (shown as '٠' in source)
  • Finance Cost: Not Quantified (shown as '٠' in source)
  • Other expenses: ₹0.69
  • Total Expenses: ₹1.05

Balance Sheet Position as of March 31, 2023 (Standalone)

Assets (₹ Lakhs):

  • Total Assets: ₹6.13
  • Non-Current Assets: ₹5.76 (comprising Non-current investments)
  • Current Assets: ₹0.37 (comprising Cash and Cash equivalents)

Liabilities and Equity (₹ Lakhs):

  • Share Capital: ₹461.32
  • Reserves and Surplus: (₹658.43) [Negative reserves]
  • Total Shareholders' Funds: (₹197.11) [Negative equity]
  • Short term borrowings: ₹193.36
  • Trade payables: ₹3.85
  • Total Current Liabilities: ₹2063.234 [Note: This figure appears inconsistent with the sum of listed items; value taken directly from source table]
  • Total Equity and Liabilities: ₹6.13

Audit and Review Details

The standalone financial results for the year ended March 31, 2023, have been audited by the statutory auditors, P. D. Agrawal & Co. (FRN: 001049C). The results for the quarter ended March 31, 2023, were subject to a limited review by the same auditors. The audit committee reviewed the results at their meeting on May 23, 2023.

The auditors issued an unmodified opinion stating that the annual results give a true and fair view in conformity with Indian Accounting Standards (Ind AS). For the quarterly results, based on their review, nothing came to their attention to suggest the required disclosures were not made or that it contained material misstatements.

Basis of Preparation

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs. Previous period figures have been regrouped/reclassified for comparability.

Additional Information

The company's registered office is at L.G.F. 15/79 (B), Civil Lines, Kanpur-208001. The signatory to the filing is Vishal Garg, Director (DIN: 00792099).