STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2019
(Rs. In Lacs except earning per share data)
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| NOTES:- |
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| 1. The un-audited IND-AS Financial Results have been reviewed by the Audit Committee and were taken on record and approved by the Board of Directors in their meeting held on 14th November 2019. These results have been subjected to limited reviewed by Statutory auditors of the Company. However, since the consolidated financial results of the company are being submitted for the first time pursuant to the mandatory requirement with effect from 1st, April 2019, the consolidated figures for the comparative periods for the quarter ended 30th September 2019, as reported as these financial results, have not been subjected to limited review. |
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| 2. These financial results have been prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. The said financial results of the parent company and its subsidiaries (together referred as the "Group") have been prepared in accordance with IND-AS 110 - Consolidated financial statements". |
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| 3.The figures for the quarter ended September, 2018/2019 are balancing figures between unaudited figures in respect of half year ended September 2018/2019 and the published year to date figures upto the first quarter ended June 2018/2019. |
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| 4.Tax Expense (Current tax) for the half year ended September 2019 and quarter ended June 2019 is net of Income tax adjustments relating to earlier years amounting to Rs. 133.11 Lacs. |
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| 5.Pursuant to the Taxation Laws (Amendment) Ordinance, 2019, tax rates have changed with effect from April 01, 2019 and accordingly, the company has opted for reduced rates as permitted under Section 115BBA of the Income Tax Act, 1961. Accordingly the company has recognised provision for income tax for six month ended September 30, 2019 and re-measured its deferred tax on the basis of rates prescribed in said section. The full impact of this change, which is estimated at Rs. 527.55 Lacs, has been evenly spread out in current and remaining two quarters.
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| 6.Figures of the previous period have been regrouped and rearranged wherever necessary to correspond with current period's classification/disclosure. |
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For and on behalf of the BOARD
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Date: 14.11.2019
Place - Unnao |
Zaffarul Amin
Joint Managing Director
DIN - 15533 |
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