Please find attached herewith Financial Results for quarter ending 31st Dec 2020
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd has submitted its unaudited quarterly financial results for the period ending 31 December 2020, along with a limited review report from statutory auditors P.D. Agarwal & Co. The results were prepared in compliance with Ind AS accounting standards, which the company adopted from 1 April 2017. The auditor's review report is clean, stating nothing has come to their attention suggesting the statement was not prepared in accordance with Ind AS or contains material misstatement. The auditor drew attention to two points: (a) the Ind AS adoption note, and (b) that comparative figures for the prior year quarter were furnished by management and not independently reviewed. Note 7 confirms prior period figures have been regrouped or reclassified to ensure comparability. The filing includes an Ind AS reconciliation of net profit/equity from previous GAAP.
This is a routine quarterly compliance filing with no qualifications or adverse findings from the auditor, suggesting normal financial reporting health. The emphasis on Ind AS transition and management-furnished comparables is standard and should not concern shareholders. Due to severe OCR distortion in the original document, specific revenue and profit numbers could not be reliably extracted for trend analysis.