Gloster Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2024
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Jun 2024
Notes :
1. The standalone financial results have been reviewed by the Audit Committee and were approved by the Board of Directors at their respective meetings held on 9th August, 2024.
2. The Statutory Auditors of the Company have carried out a 'Limited Review' of the standalone financial results for the quarter ended 30th June, 2024, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
3. In accordance with paragraph 4 of Ind-AS 108 - "Operating Segment", the Company has disclosed segment information only on the basis of Consolidated Financial Results.
4. The Board of Directors had at its meeting held on 30th May, 2024, approved amalgamation of Gloster Lifestyle Limited and Gloster Specialities Limited (‘Transferor Companies’) both wholly owned subsidiaries of the Company with Gloster Limited ('Transferee Company'), subject to necessary approvals. Subsequently the said proposal is being reviewed in Board meeting held on 9th August, 2024.
5. In respect of the standalone financial results, figures for the quarter ended 31st March, 2024 are the balancing figures between audited figures of the financial year ended 31st March, 2024 and published unaudited figures for nine months ended 31st December, 2023.