Nilkanth Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2019

a) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29.05.2019



b) The figures of the Last Quarter are balancing figures between the Audited figures in respect of the full financial year ended on 31st March, 2019 and un-audited published year to date figures upto 31st December, 2018 being the date of the end of the third quarter of the financial year which were subject to limited review



c) The Company operates mainly in the business segment of fund based financial activity. All other activities revolve around the main business. Further all activities are carried out within India. As such there are no separate reportable segment as per the provision of AS-17 on Segment Reporting



d) The Certificate of Registration of the Company to carry on the business operation as Non-Banking Financial Company (NBFC) has been cancelled by Reserve Bank of India vide order dated June 28, 2018 passed under section 45-IA(6) of the Reserve Bank of India Act, 1934 on the ground that Net Owned Fund are below Rs. 2.00 Cr. The Company has filed appeal under section 45-1A(7) on 9th November, 2018 before the Appellate Authority of NBFC Registration, New Delhi and the same is pending for disposal. As advised by the RBI, as on 31.03.2019, the Company has not transacted any business of NBFC. The Company does not intent to carry on the business of NBFC during the period of disposal of appeal