Fluidomat Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

NOTES:



1. The above financial results were reviewed by the Audit Committee and approved by the Board at their respective Meetings held on 30th June, 2021.



2. The company has proposed Dividend @ Rs. 3.25 (32.50%) on the equity shares of Rs. 10/- each for the financial year 2020-21 aggregating to Rs. 16012750/-.



3. These financial results have been prepared in accordance with the recognition and measurement principles laid down in the IND AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules made thereunder.



4. Financial results for the quarter ended 31st March 2021 are the balancing figures between the audited figures in respect of the full financial year and the year to date figures up to the 3rd quarter which was subjected to limited review by the Auditors.



5. Statutory Auditors of the Company has carried out Audit of the books of accounts for the financial year 2020-21 and issued us an Audit Report with unmodified opinion on Audited Financial year for the quarter/year ended on March 31,2021, therefore the Company is not required to give Statement of Impact of Audit Qualification for audit Report with modified opinion.



6. The company has only one subsidiary i:e Fluidomat UK Private Limited (Wholly owned subsidiary) incorporated in UK. The said Wholly owned subsidiary has not commenced any business activities in UK as such, However Results were prepared as per requirement of SEBI ( LODR) regulation 2015 as well as Companies Act 2013.



7. Previous period figures have been regrouped wherever necessary to confirm to this period classification.



8. The company is exclusively engaged in only one segment.



9. Covid-19 Impact on Financial Results:-

The outbreak of COVID-19 second wave pandemic across the world including India and other countries resulted in the Governments taking significant measures to contain the spread of the virus including imposing mandatory lockdowns by states and restricting economic activities.



However, there is no impact on Company’s manufacturing and distribution operations and based on the preliminary estimates the Company does not anticipate any major challenge in meeting the financial obligations on the long term basis. Further the company does not carry any risk in the recoverability and carrying values of its assets including Property, Plant and Equipment, trade receivables, Inventories, Investments and there is no material impact on the financial results of the Company during the year 2020-21.



However the company will closely monitor any material changes to future economic conditions impacting its business.