Skipper Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024

The above standalone financial Results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 5th February, 2025. The Statutory Auditors have carried out limited review of the above financial results.

The Taxation Laws (Amendment) Act 2019 ('the Act'), was passed whereby existing domestic companies were given the option to compute income-tax at a lower rate of 22% (plus applicable surcharge and cess) under section 115BAA of the Income Tax Act, 1961 instead of the existing rate of 30% (plus applicable surcharge and cess). During the current financial year, the company reassessed and has decided to opt for new regime with effect from 1st April, 2024.

On 19th February, 2024, the Rights Issue Committee as constituted by the Board of the Company approved allotment of 10267021 partly paid-up Equity Shares at an issue price of Rs. 194 per Equity Shares (including premium of 193 per Equity Shares) of which Rs. 48.50 per equity Shares has been received on application within 31st March 2024 ( 0.25 has been paid-up on application as share capital and & Rs. 48.25 as a premium per equity shares), to eligible equity shareholders. Subsequently, the board on 28th October, 2024 approved making of first and final call money, which is received in full except for 109888 number of equity shares, where final call money is pending to be received till 31st December 2024. Right Issue Committee (RIC) in its meeting held on 30th November, 2024 and 31st December,2024 has approved for conversion of 9837458 and 319675 respectively number of partly paid equity shares into fully paid equity shares. EPS of previous periods have been restated on account of Right Issue of Equity Shares, in compliance with the Indian Accounting Standards (Ind-AS).

Previous year/periods figures have been regrouped or rearranged, wherever necessary.