Netlink Solutions (India) Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

Notes:



1. The above results have been taken on record in the meeting of the Board of Directors of the Company held on June 17, 2021, after review by the Audit committee at its meeting held on June 17, 2021, and audited by the auditor. These financial results were subject to audit by Statutory auditors of the Company who have expressed an umodified opinion thereo



2. Figures are audited and have been regrouped wherever necessary.



3.The Indian Accounting Standards (Ind AS), as notified under the Companies (Indian Accounting Standards) Rules, 2015 are applicable to the Company commencing from April 1, 2017 being the date of adoption of Ind AS by the Company. Accordingly, these audited financial results for the year ended 31/03/2021 are prepared in accordance with the Indian Accounting Standards (Ind-AS)as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.



4. The results for the Quarter ended March 31, 2021 is the balance figures between year ended March 31, 2021 and respective nine months ended December 31, 2020.



5. The outbreak of COVID 19 pandemic and consequent and continuing lockdown and uncertainity has severely impacted business and operations of the Company from the February 2020 onwards. Given the dynamic nature of pandemic situation, the impact thereof on the business and operations of the Company, especially exhibition operations is inherently uncertain due to severity and duration of the pandemic is still unfolding and not clear. The Exhibition of March -2020 and March-2021 could not take place. The Company will continue to monitor any material changes to the future economic conditions.



6. During this quarter the company has started new division of business as Exhibition Management and has also acquired business knowledge/ technical knowhow for the same.