Salzer Electronics Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2021
Notes forming part of above STANDALONE results
i) The above Audited financial results were duly reviewed by the Audit Committee at its meeting held on June 15,2021 , and were taken on record and approved by the Board of Directors at their meeting held on June 15,2021.
ii) The Company operates in only one segment viz., Electrical installation products.
iii) The Board recommended Dividend at the rate of 16% i.e Rs.1.60 per equity share of Rs.10/- each for the financial year 2020-21 and the Dividend, if approved by the shareholders, shall be payable to all eligible members.
iv) The financial results for the year under review has been weighed down to the extent by the loss of economic activities of the Company during the first quarter caused lockdowns announced by the Government to contain the Covid-19 spread.
v) The Management has continuously been evaluating the present evolving pandemic situation and taking all measures to safeguard well-being of all employees and financial health of the Company.
vi) Basic Earnings per share and Diluted Earnings per Share have been prepared in accordance with IND AS 33 and presented on the expanded capital prevailing on the relevant date.
vii) The Figures for the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures upto the third quarter of the Financial year;
viii) Comparative figures have been regrouped / reclassified wherever necessary to confirm to current period's presentation and
ix) Appended hereunder the standalone Audited Statement of Assets and Liabilities as at March 31, 2021 and Cash Flow statement for the Year ended March 31, 2021