Please find attached herewith Financial Results for quarter ending 30th June 2024
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd has filed its unaudited financial results for the quarter ended 30 June 2024, along with a limited review report from statutory auditor P.D. Agarwal & Co. The auditor issued an unmodified review opinion — nothing came to their attention suggesting the results were not prepared in accordance with Ind AS or contained material misstatements. The results were approved by the Board and signed by Managing Director Vishal Garg. As per the limited review, the auditor noted they did not review the comparative figures, which were furnished by management. The statement reflects that the company adopted Ind AS from 1 April 2017, consistent with prior years. Printed financial figures in the disclosure are partially illegible due to image quality, but the profit-after-tax line items appear in parentheses, indicating reported losses in the quarter.
No negative audit flag — the limited review is clean, which removes a key near-term governance risk for shareholders. However, the visible PAT figures point to continued quarterly losses, which remains a concern for investors tracking turnaround progress. The lack of auditor review on prior-period comparables is a standard caveat and not a red flag in itself.