Ramgopal Polytex Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2021
1) The above results were reviewed by Audit Committee and approved by the Board of Directors at their meeting held on 30th June, 2021.
2) The Company's main business is trading of yarn and polymers etc.. Accordingly, there are no separate reportable segments as per IND AS 108.
3) The figures for the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter for the relevant financial year which were subjected to limited review by the statutory auditors.
4) Due to the global outbreak of COVID 19 pandemic and following a nationwide lockdown by the Government of India , the Company's business has been affected adversely. The Management has considered the possible that may impact the carrying value of loansand trade receivables. in making the assumptions and estimates relating to the uncertainties as at the balance shhet date in relation to the recoverable amounts, the management has interalia considered subsequent events,internal and external information prevailing as at the date of approval of these financial results. The Management expects no significant impairment to the carrying of these amounts.
5) The previous period's and current year previous quarter's figures have been regrouped/re-classified/restated wherever required to conform to current period's classification.