Techindia Nirman Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2020
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2020
1. The financial results were reviewed by the Audit Committe and were thereafter approved by the Board of Directors at its meeting held on 22nd May, 2020. The statutory auditors of the company have carried out the audit of the financial results.
2. The interest expenses of INR 131.07 Lakhs paid for loan taken towards estate development project have since been reclassified as pre operative expenses.
3. The company is dealing in one major product segmen.
4. The company is now in the business of infrastructure development and is taking all effective steps to embark on project development activities. Hence there are no operations in this quarter.
5. The figures for the quatrter ending 31.03.2020 are the balancing figures between audited figures of the full financial year and the year to date figures up to the third quarter.
6. The figures have been regrouped / rearranged, where ever necessary.