VSF Projects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2019
1. The financial result have been prepared in accordance with Indian Accounting Standards ('Ind AS') proscribed under section 133 of the Companies Act. 2013 road with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular Dated July 05, 2016.
2. The aforementioned results are reviewed by the Audit Committee of the Board and susequently taken on record by the board of directors at its meeting held on 30th May, 2019. The statement included the results for the quarter ended 31st March 2019 and 31st Marc 2018 being the balancing figure of the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial years, which were subject to limited review by the respective auditors.
3. The subsidiary company i.e. M/s. VSF Energy Projects Pvt. Ltd has been under the "Strike off" status as per ROC records, this has led to material uncertaintv in respect of subsidiary company's ability to continue as going concern. Hence, provision for impairment loss has been provided against Investment in subsidiary.
4. The Company operates in a single segment viz.. Construction and Engineering and the results pertain to that single segment.