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Panth Infinity Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2020

Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2020

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 July, 2020. The Statutory Auditors have carried out the audit for the quarter and year ended 31st March, 2020 and issued unmodified Report thereon. These results are available on the Company's Website.

2 The figures of the quarter ended 31st March, 2020, 31st December, 2019 and 31st March, 2019 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 of the respective financial year.

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

4 There are no Investors Complaints pending as on 31st March, 2020.
The outbreak of Covid-19 pandemic is causing significant disturbance and slowdown of economic activities globally. The nationwide lockdown ordered by the government of India has resulted in the significant reduction in economic activities and also the business operations of the company in terms of revenue, The management has considered the possible effect that may result from the pandemic on the recoverability/carrying value of the assets.

5. Based on the current indicators of future economic conditions, the management is expected to recover the carrying amount of assets However the management will continue to closely monitor any material changes to future economic conditions. Given the uncertainty, the financial impact on the company assets in future may differ from the estimated as the date of approval of these financial results.