Jayabharat Credit Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
1. The above Financial results for the quarter ended December, 2018 were reviewed by the Audit committee at meeting held on 24th January ,2019 and approved by the Board of Directors and taken on record, at the meeting held on 24th January, 2o19.
2. The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter ended 31st December, 2018.
3. The figures for the corresponding period have been regrouped or reclassified, wherever necessary.
4. The Board, in their meeting held on January 24, 2019 and keeping in view the Audit Company’s for cancellation to be processed by RBI at the earliest and as per discussions, the company's Directors had with RBI's officials 75% of the Total outstanding debts being irrecoverable amounting to Rs.44.48 Crores on the recommendations of Audit Committee, has been written off in the quarter year ended December 31, 2018.