Panth Infinity Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The above financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 30th May, 2018. The Statutory Auditors have carried out the audit for the quarter and year ended 31st Match, 2018 and issued unmodified Report thereon. These results are available on the Company's Website.

2. The Company has adopted Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs with effect from 1st April, 2017 and the above financial results have been prepared in accordance with the Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment Rules, 2016.

3. During the Quarter ended 31st March, 2018, the name of the Company has been changed consequent upon the issue of Fresh Certificate of Incorporation by the Registrar of Companies, Gwalior, Madhya Pradesh on 7th May, 2018.

4. As per IND AS 2 and IND AS 16, Stock in Trade of Rs. 71.87 Lakh has been converted into Investment in Property as per IND AS-40 and the effect has been shown as Exceptional items for the Quarter ended 31st December, 2017.

5. The Audited Standalone Segment revenue, results, Segment assets and Segment liabilities are annexed. The Company is engaged in the Business of Real Estate and trading of Precious Metals, Stones & Jewellery.

6. The figures of the quarter ended 31st March, 2018 and 31st March, 2017 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter ended 31st December, 2017 and 31st December, 2016 respectively.

7. Consequent to the introduction of Goods and Service tax act (GST) w.e.f. 1st July, 2017, Central excise act, Value added tax (VAT), etc. have been subsumed into GST. In accordance with Indian Accounting Standard - 18 on revenue and schedule III of the Companies act 2013 unlike Excise duties levises like GST, VAT, etc. are not part of Revenue. Accordingly, the figure for the periods upto 30th June, 2017 are not relatable to those thereafter.

8. Reconciliation of Net profit between Ind AS and previous Indian GAAP for the quarter and Year ended 31st March, 2017 is as under:



Particulars Rs. In Lakhs

For the Quarter Ended 31/03/2017 For the Year Ended 31/03/2017

Net Profit after tax published 11.11 12.87

as per Previous GAAP

Add/(Less): Adjustment as per Ind As (0.13) (6.79)

(Change in profit on investment)

Total Comprehensive Income for 10.98 6.08

period as per Indian AS (A+B)



9. Reconciliation of Equity between Ind AS and previous Indian GAAP for the quarter and Year ended 31st March, 2017 is as under:





Particulars Rs. In Lakhs

For the Year Ended 31/03/2017

Total Equity published as per Previous GAAP 2058.76

Add: Change in profit on investment -6.79

Total Equity as per Ind-AS 2051.97





10. The Figures for the previous period/year have been regrouped/reclassified, wherever necessary to confirm to current period/year classification.





For and on the behalf of Board of Directors

PANTH INFINITY LIMITED





Place: Surat SHWET KORADIYA

Date: 30/05/2018 Chairman & Director

DIN: 03489858




Notes:



4. As per IND AS 2 and IND AS 16, Stock in Trade of Rs. 71.87 Lakh has been converted into Investment in Property as per IND AS-40 and the effect has been shown as Exceptional items for the Quarter ended 31st December, 2017.

9. Reconciliation of Equity between Ind AS and previous Indian GAAP for the quarter and Year ended 31st March, 2017 is as under:



Particulars Rs. In Lakhs

For the Year Ended 31/03/2017

Total Equity published as per Previous GAAP 2058.76

Add: Change in profit on investment -6.79

Total Equity as per Ind-AS 2051.97