EFC (I) Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2024
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Jun 2024
1. The above statements were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th August 2024.
2. This Statement has been prepared in accordance with the recognition and measurement principles laid down in India Accounting Standard 34, Interim Financial Reporting ('Ind As 34') notified under the Companies ( Indian Accounting Standards) Rules, 2015 (as amended), as prescribed under Section 133 of the Companies Act, 2013.
3. As regards deferred tax as per lnd AS-12 on "lncome Taxes" there is a net deferred tax asset for the past years and for the period up to 30 June 2024. As a matter of prudence, the company has recognised the said deferred tax asset.
4. As per Indian Accounting Standards 108 ' Operating segments' the Company has reported Rental segment as operating segment during the quarter ended 30th June 2024.
5. Figures of the previous period / year have been regrouped/rearranged, wherever considered necessary.
6. Company has added following entities as subsidiaries/step down subsidiary