Disclosure Information

Board Meeting Date: April 25, 2017

Meeting Time: 4:00 PM to 5:00 PM

Financial Results - Quarter Ended March 31, 2017 (Audited)

Income Statement Highlights:

  • Changes in inventories: ₹3,41,130
  • Employees benefit expenses: ₹42,507
  • Other expenses: ₹63,215
  • Total expenses: ₹4,46,851
  • Loss before exceptional items and tax: (₹4,46,851)
  • Exceptional items: (₹34,52,147)
  • Loss before extraordinary items and tax: (₹38,98,998)
  • Net loss for the period: (₹38,98,998)
  • Basic EPS: (₹0.85)

Financial Results - Full Year Ended March 31, 2017 (Audited)

Income Statement Highlights:

  • Employees benefit expenses: ₹1,70,026
  • Other expenses: ₹2,52,858
  • Total expenses: ₹7,64,014
  • Loss before exceptional items and tax: (₹7,64,014)
  • Exceptional items: (₹34,52,147)
  • Loss before tax: (₹42,16,161)
  • Net loss for the year: (₹42,16,161)
  • Basic EPS: (₹0.91)

Comparative Figures

Previous Quarter (Q3 FY17 - Unaudited): Net loss of ₹1,05,721

Corresponding Quarter Previous Year (Q4 FY16 - Unaudited): Net loss of ₹1,52,227

Previous Accounting Year (FY16 - Audited): Net loss of ₹6,08,908 with Basic EPS of (₹0.130)

Balance Sheet Highlights (Standalone)

As of March 31, 2017:

Equity and Liabilities:

  • Share application money pending allotment: ₹1,72,12,000.00
  • Current liabilities: ₹7,64,428 (including trade payables of ₹60,449.69 and short-term provisions of ₹3,58,757.00)
  • Total equity and liabilities: ₹7,64,428

Assets:

  • Fixed assets: Not quantified in disclosure
  • Long-term loans and advances: ₹5,75,698.00
  • Current assets: ₹1,88,729.69 (including trade receivables and other current assets)
  • Total assets: ₹7,64,428

Notes to Financial Results

1. The audited results for quarter and year ended March 31, 2017 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 30, 2017 [Note: discrepancy with letter date of April 25, 2017].

2. Figures of previous period have been regrouped wherever necessary to conform to current year classification.

3. The company is engaged in one business segment only.

4. EPS has been calculated in accordance with AS-20 issued by ICAI.

Additional Information

The above information is also available on the company's website at https://www.garlonpolyfabindustriesltd.com/