Advik Capital Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting concluded on 04-02-2019
2. The Board has not recommended any interim dividend during this Quarter.
3. There were no investor complaints known to the Company outstanding at the beginning and at the end of the quarter ending December 31, 2018
4. As the Company is engaged in a single segment i.e. Financial Activities/ Services, the disclosure requirement of Accounting Standard (AS-17) i.e. Segment Reporting specified under Section 133 of the Act read with rule 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016 are not applicable.
5. The company is engaged in the business of non deposit accepting NBFC hence IND-AS were not applicable on the company for the Financial Year 2018-19
6. The Financial results has been prepared in accordance with the Companies (AS) Rules 2006 as prescribed in Schedule III of Companies Act 2013
7. Figures for the previous year / periods have been regrouped wherever necessary to correspond with the figure of current year / periods.