Agro Dutch Industries Limited - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Mar 2017
1. The above results have been reviewed and approved by the Audit committee and taken on record by the Board of Directors at their meeting held on 30/05/2017 and Audited by the Statutory Auditors of the Company.
2. The number of complaints received from the investors during the quarter: Received Nil, Resolved Nil, Pending Nil.
3. Company is dealing only in one reportable segment i.e. Mushroom.
4. The Assets of the company situated at 1.Village Bhagwanpur (can unit) 2. Village Tofapur (Mushroom Unit) 3. Village Kolambakkam, Padlam, Distt. Kanchipuram TN (Chennai Unit) have been possessed by the secured lenders under SARFAESI ACT.
Of the above possessed assets, the entire asset situated at Village Bhagwanpur (can unit) have been sold by the lenders through e-auction on 16.10.2015 (land & Building) and 10.06.2016 (Plant & Machinery).
The Secured Creditors continues to permit to operate Fresh Button mushroom Growing facility at village tofapur (Lalru), The Company is continuously making efforts to make that facility viable in the present circumstances.