Aplab Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2023

1. The above results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at the meeting held on 30th May 2023.
2. The Statement of standalone financial results has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act,2013 and other recognised accounting practices and policies to the extent applicable.
3. The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15 dated 30th November , 2015 has been modified to comply with the requirements of SEBI's circular dated 5th July , 2016 , Ind AS and Schedule III ( Division II ) to the Companies Act, 2013, which are applicable to Companies that are required to comply with Ind AS.
4. The company is operating in one segment only i.e. Manufacturing and Marketing professional electronic equipments.
5. There were no complaints from investors that were unresolved as on 31st March 2023. During the Quarter under review the Company received no complaints from investors.
6. The Auditors have expressed concern in their report for non payment of various liabilities on time. Attempts are being made by management to rectify situation at the earliest by monetizing the properties at various locations to repay the liabilities along with reduction in operating costs.
7. The manufacturing facility was closed during 15th April 2021 to 26th May 2021 due to Government announced lockdown because of second wave of covid 19 and operated at sub-optimal capacity for major part of the quarter. Though turnover is from shorter period fixed expenses incurred for entire quarter. As such performance of the quarter is not comparable QoQ and also YoY.
8. Subsequent to shareholders approval on 13th March 2023 an application has been made to BSE seeking permission for conversion of unsecured loans of promoters in to capital.