AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2007 (Rs.in lacs)
Sr.No.
Particulars
Nine months ended 31.12.06
(Unaudited)
Quarter ended 31.03.2007
(Audited)
Quarter ended 31.03.2006
(Audited)
Year ended 31.12.05
(Audited)
Year ended31.03.2006 (Audited)
1
Gross Sale/Operating Income
--
---
11257.90
31839.85
43088.23
Less Excise Duty
--
---
1.79
66.71
58.98
Net Sales/Operating Income
--
---
11256.11
---
43029.25
2
Other Income
979.48
125.31
182.99
---
829.55
3
Total Expenditure
a) (Increase)/Decrease in
--
--
218.34
1104.79
(66.95)
stock in trade
b) Material Consumed
--
--
6317.31
---
24918.02
c) Staff Cost
0.43
8.77
480.86
9.20
2217.29
d) Other Expenditure
16.17
19.56
2450.17
35.73
9232.44
4
Interest
--
--
211.7
--
506.86
5
Depreciation
--
--
603.36
--
2414.36
6
Profit before Tax
962.88
96.98
1157.36
1059.86
4636.78
7
Provision for Taxation
70.35
10.87
225.77
81.22
930.50
(Net of Deferred Tax & Fringe Benefit Tax)
8
Adjustment of Income Tax for earlier years
--
--
-185.49
---
-251.88
9
Net Profit
892.53
86.11
746.10
978.64
3454.40
10
Paid up Equity Share Capital
1229.40
1229.40
3507.91
1229.4
3507.91
11
Reserves excluding revaluation reserves
--
--
11918.93
30501.20
12
Earning per share (Rs.) Basic
3.63
0.35
2.13
3.98
9.85
Diluted
3.63
0.35
2.10
3.98
9.74
Face Value (Paid Up)
Rs.5/-
Rs.5/-
Rs.10/-
Rs.5/-
Rs.10/-
13
Aggregate of Non-Promoter
Shareholding
No. of Shares
9809611
9809611
14163058
9809611
14163058
%age of Shareholding
39.90
39.90
39.92
39.90
39.92
NOTES:
1
Pursuant to the scheme of demerger and arrangement approved by the Hon'ble Punjab & Haryana High Court vide its Order dated 21st Dec., 2006, company's textile business stands demerged and transferred to Nahar SpinningMills Limited w.e.f. 1st April, 2006. Accordingly current year figures are the operating results of the 'Residual Business' i.e. Investment Activities only. Thus current year results are not comparable with the corresponding figures of the previous year.
2
The disclosure requirements of Accounting Standard AS-17, are not applicable as the main activities of the Company falls under single segment i.e. investment activities.
3
The Board has recommended Dividend @15% on the Equity Share Capital for the Financial year 2006-2007.
4
No investors complaint was pending at the begining of the Quarter. During the quarter company received 6 complaints which have been replied/resolved. None of the complaint is pending at the end of the quarter.
5
The above results have been reviewed by Auditors, Audit Committee and were taken on record by the Board at its meeting held on 4th June, 2007.