STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2022
(Rs. In Lacs except earning per share data)
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| NOTES:- |
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| 1. The above Audited Financial Results were reviewed and recomended by the Audit Committee, subsequently approved and were taken on record by the Board of Directors in their meeting held on 30th May 2022. The statutory auditors have expressed an unmodified audit opinion on theses results. |
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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 March 31, 2021/2022 are balancing figures between audited figures in respect of year ended March 2021/2022 and the published year to date figures upto the nine months period ended December 2020/2021. |
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| 4. The company has analysed all the relevant parameters associated with the risk due to pandemic COVID-19 and is of the opinion that it will not have any material impact on the recoverability of the carrying value of its assets as at March 31,2022 and going concern assumption. The impact of the pandemic may differ from that estimated as at the date of approval of these financial results.Such changes if any, will be recognised prospectively.The company will continue to closely monitor any material changes to future economic conditions. |
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| 5. Exceptional Item amounting to Rs. 382.21 Lacs represent loss on sale of Land and Building (property). Operation of one of the unit alongwith entire plant & machinery has been shifted to another location for better synergies and efficiency in operations; and the property has been disposed off to have additional liquidity for business operations of the company. |
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| 6. Tax Expense (Current tax) for the quarter/year ended 31st March 2022 is net of Income tax adjustments relating to earlier years amounting to Rs. 10.61 Lacs. |
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| 7. The company has further acquired 2.42 % Equity ownership in Creemos International Limited, the associate during the year. It has resulted in Associate becoming Subsidiary with effect from 29.12.2021 (holding 51.05% Ownership). |
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| 8. The Board of Director have recommended Dividend @ % (i.e Rs. per Share) on the equity share capital for the financial year ended March 31, 2022. |
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| 9. 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: 30.05.2022
Place - Unnao |
Mohammad Shadab
Dy. Managing Director
DIN - 00098221 |
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