Archies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

Notes:
1.The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 11 August 2023.
2.These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 as amended prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
3.The figures of the previous periods (quarter/year) have been regrouped/rearranged/reclassified wherever considered necessary.
4.The Statutory Auditors have carried a Limited Review of the above unaudited financial results.
5.Due to the nature of business and common manufacturing facilities for various segments, a reasonable allocation of Capital Employed to various segments is currently not practicable.
6.The comparative Ind AS financial information of the company for the quarter ended June 30, 2022 was reviewed by the predecessor auditors who expressed an unmodified conclusion on that financial information on August 13, 2022.
7.The figures for the quarter ended March 31 2023 are the balancing figures between audited figures in respect of the full previous financial year and published unaudited year-to -date figures up to the end of the third quarter of the relevant financial year which were subject to limited review by the statutory auditors.
8.The company’s revenue for the quarter ended June 30, 2023 has decreased due to lower footfall and resultant lesser invoices issued in the current year.
9.Number of working outlets were reduced by the company by closing down loss making outlets which also led to lower sales of company.
10.Export shipments of the company were shifted from quarter 1 2023-24 to quarter 2 2023-24 due to cyclone Biparjoy which caused closure of Gujrat Mudra port.