Please find attached herewith Financial Results for Quarter ended June 2021
Awaiting price reaction for this filing.
Garlon Polyfab Industries Limited has submitted its unaudited financial results for the quarter ended June 30, 2021, along with the Limited Review Report from statutory auditor P.D. Agarwal & Co. (FRN 001049C). The Board approved the results at its meeting held on August 14, 2021. The auditor issued an unmodified review conclusion, stating nothing came to their attention suggesting the results were not prepared in accordance with Ind AS. The auditor noted that comparative figures for the prior period were furnished by management and were not independently reviewed. The company appears to be a very small-cap entity, with paid-up equity share capital of Rs. 461.33 lakhs (face value Rs. 10) and reported EPS of Rs. 1.00 for the quarter. Specific revenue, expense, and profit figures could not be reliably extracted due to poor document quality.
The filing is a routine quarterly compliance submission with a clean (unmodified) auditor review opinion, which is neutral to mildly positive for shareholders. Retail investors should note the very small scale of operations and seek clarity from the company on specific revenue and profit numbers before making investment decisions.