Jaihind Projects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Jun 2017
1. The above Standalone financial results for Quarter ended June 30. 2017 have been reviewed by the Audit Committee and approved by the Board in their meeting held on 18th August, 2017 and limited review by the Statutory auditors.
2. The above stated Net Sales/ Income from operation includes income from sale of solar power generated of Rs. 273.21 Lacs for the quarter ended on 30st June, 2017. Such income for the corresponding previous quarters ended on 30th June 2016 was Rs. 276.32 Lacs.
3. The Company operates mainly in the single business segment as per Accounting Standard 17
4. The Company had executed a Corporate Debt Restructuring agreement with its principal lenders for its FB and NFB exposures of Rs. 705.43 Crores. The package has been implemented by all consortium lenders. The present status of the package, All lenders account is slip in Non Performing Assets. No provision has been made against Interest of bank facilities after Non-Performing Assets decelerated by the Bank, further all consortium lenders have decided to exit from CDR and same has been approved by CDR EG as communicated to the company on 04.06.2016.
5. Previous year's/ Quarter's figures have been regrouped/reclassified wherever necessary.