JMD Ventures Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2021

1. Above Standalone Results were reviewed and recommended by Audit Committee and taken on record by Board of Directors in their Meeting held on February 7, 2022.



2. Previous period figure have been regrouped/rearranged wherever necessary, to correspond with the current period / year classification / disclosures.



3. These results have been prepared in accordance with the Indian Accounting Standards (referred to as "Ind-AS") 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time.



4. The Statutory Auditors have carried Limited Review for above Financial Results.



5. COVID IMPACT: The Management has made an assessment of the impact of COVID-19 on the operations, financial performance and position as at and for the quarter and nine months ended 31st December 2021 and has concluded that the impact is primarily on the operational aspects of the business during the nine months ended 31st December 2021. The Company has used the principles of prudence in applying judgments, estimates and assumptions based on current assessments and do not foresee any significant impact of Covid-19 on the operations. In assessing the recoverability of assets such as inventories, financial assets and other assets, based on current indicators of future economic conditions, the Company expects to recover the carrying amounts of its assets.