Purity Flex Pack Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above results for the quarter and year ended 31st March, 2021 have been reviewed by Statutory Auditors, recommended by Audit Committee and approved by the Board of Directors at their meeting held on 26th June, 2021.



2. The Company is engage in Packaging business only. Therefore, there is only one reportable segment.



3. The figures for the quarter ended 31st March, 2021 and the corresponding quarter of the previous year are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter for the relevent financial year.



4. The Company has considered the possible effects that may result from COVID-19 in the preparation of these financial results including the recoverability of carrying amounts of financial and non-financial assets. The impact of COVID-19 on the carrying value of the assets could differ from that estimated as at the date of approval of these results.



As per the management, the Company has sufficient financing arrangements to fulfill its working capital requirements and necessary capital expenditure, in addition to the funds expected to be generated from the operating activities. Based on aforesaid assessment, management believes that as per estimates made conservatively, the Company will continue as a going concern and will be able to discharge its liabilities and realize the carrying amount of its assets.



5. The figures for the corresponding previous periods have been regrouped/ reclassified wherever considered necessary to confirm to the figures represented in the current period.