J Kumar Infraprojects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2020

1. The financial results for the quarter and year ended 31st March, 2020 have been reviewed by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on Friday 26th June, 2020 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015.The Statutory Auditors of the company have carried out audit of the results for the quarter and year ended 31st March, 2020.



2. The above is an extract of the detailed format of Quarter and year ended Financial Results filed with the Stock Exchanges. The full format of the Quarter and year ended Financial Results are available on the Stock exchange website viz. www.bseindia.com and www.nseindia.com. The same is also available on the Company website viz www.jkumar.com.



3. The "management approach" as defined in "Ind AS 108 - Operating Segments", requires disclosure of segment-wise information based on the manner in which the Chief Operating Decision Maker (CODM) evaluates the performance and allocates resources in cases where a reporting entity operated in more than one business segment. Since the company is primarily engaged only in the business of "Construction and Engineering Activities" which the Management and CODM recognise as the sole business segment, hence there are no other reportable segments.



4. Effective from 1st April, 2019, the Company has adopted Ind AS 116- Lease using the modified retrospective approach , the adoption of the standard did not have any material impact on these financial results.



5. The Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year.



6. Estimation of uncertainties relating to the global health pandemic - COVID-19: The company has considered internal and certain external sources of information including economic forecasts and industry reports up to the date of approval of the financial statements in determining the impact on various elements of its financial statements. The Company has used the principles of prudence in applying judgments, estimates and assumptions and based on the current estimates, the company expects to recover the carrying amount of trade receivables, investments and other assets. The eventual outcome of impact of the global health pandemic may be different from those estimated as on the date of approval of these financial statements, the company will continue to monitor developments to identify significant uncertainties in future period.



7. The Board of Directors of the Company has recommended a dividend @ 25% (Rs. 1.25 per equity share) on the face value of Rs. 5/- each (paid up)



8. The figures for the previous period have been regrouped and /or rearranged wherever considered necessary.
1. The financial results for the quarter and year ended 31st March, 2020 have been reviewed by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on Friday 26th June, 2020 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015.The Statutory Auditors of the company have carried out audit of the results for the quarter and year ended 31st March, 2020.



2. The above is an extract of the detailed format of Quarter and year ended Financial Results filed with the Stock Exchanges. The full format of the Quarter and year ended Financial Results are available on the Stock exchange website viz. www.bseindia.com and www.nseindia.com. The same is also available on the Company website viz www.jkumar.com.



3. The "management approach" as defined in "Ind AS 108 - Operating Segments", requires disclosure of segment-wise information based on the manner in which the Chief Operating Decision Maker (CODM) evaluates the performance and allocates resources in cases where a reporting entity operated in more than one business segment. Since the company is primarily engaged only in the business of "Construction and Engineering Activities" which the Management and CODM recognise as the sole business segment, hence there are no other reportable segments.



4. Effective from 1st April, 2019, the Company has adopted Ind AS 116- Lease using the modified retrospective approach , the adoption of the standard did not have any material impact on these financial results.



5. The Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year.



6. Estimation of uncertainties relating to the global health pandemic - COVID-19: The company has considered internal and certain external sources of information including economic forecasts and industry reports up to the date of approval of the financial statements in determining the impact on various elements of its financial statements. The Company has used the principles of prudence in applying judgments, estimates and assumptions and based on the current estimates, the company expects to recover the carrying amount of trade receivables, investments and other assets. The eventual outcome of impact of the global health pandemic may be different from those estimated as on the date of approval of these financial statements, the company will continue to monitor developments to identify significant uncertainties in future period.



7. The Board of Directors of the Company has recommended a dividend @ 25% (Rs. 1.25 per equity share) on the face value of Rs. 5/- each (paid up)



8. The figures for the previous period have been regrouped and /or rearranged wherever considered necessary.