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

1. The Audited Standalone and Consolidated financial results of the company for the quarter & year ended March 31, 2021 were reviewed by the Audit committee and approved by the Board of Directors in their respective meetings held on April 23, 2021. The Statutory Auditors have carried out Statutory Audit of the same and expressed an unmodified review report on these financial results.



2. The Statement has been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and other relevant provisions of the Act.



3. The figures for the quarter ended March 31, 2021 and March 31, 2020 are balancing figures between audited figures in respect of the respective full financial year/s and unaudited published results year to date for the nine months ended December 31, 2020 and December 31, 2019, which were subject to limited review.



4. The Company has single reportable segment namely Coding & Marking Applications for the purpose of Ind AS on segment reporting.



5. Exceptional items for the quarter ended 31st March 2021 of Rs 0.97 Lakhs (Credit) is towards change in fair value of Investments including profit/ loss on sale of shares / units in Mutual Fund routed through Profit & Loss account.



6. The Board recommended a Final Dividend of Rs. 4.50 per equity shares (45 % of face value of Rs. 10.00 each), subject to approval of Members at its ensuing Annual General Meeting (AGM) of the Company. In addition to the final dividend, the Company had declared and paid Interim Dividend of Rs. 4.00 per equity share in February 2021.



7. In view of sudden widespread of Second wave of Covid 19, almost throughout the country and its potential adverse impact on the economic activities. The company has considered possible effect of COVID-19 in preparation of these standalone & consolidated financial results including the recoverability of carrying amounts of financial assets. Based on the assessment of current indicators of future economic conditions, the Management expects to recover the carrying amount of its assets and does not foresee any risk to service financial obligations. The impact of any future events and developments emerging out of Pandemic, occurring after the approval of the above financial results will be recognised prospectively.



8. Previous period/year’s figure have been regrouped and/or rearranged whenever considered necessary to confirm to current period/year’s classification