Please find attached herewith Financial Results for the quarter ending on 30th June 2020
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd, a Kanpur-based small-cap company, has submitted its unaudited quarterly financial results for Q1 FY21 (quarter ended 30 June 2020) to BSE, as required under SEBI Listing Regulations. The results were reviewed by the Audit Committee and approved by the Board on 28 August 2020. Statutory auditors P.D. Agrawal & Co. issued an unqualified limited review report, stating that nothing came to their attention suggesting any material misstatement in the results. The auditors did note that comparative figures for the prior quarter were not reviewed by them and were furnished by management. From the financial table, EPS for the quarter stood at approximately Rs 0.36 (basic) and Rs 1.01 (diluted), with the company reporting mixed/negative results in some line items, though the garbled document makes exact figures hard to read.
For shareholders, this is a routine regulatory filing with a clean auditor's report — no red flags from the limited review. The Q1 FY21 numbers appear weak with some loss-making line items, but the lack of any qualified opinion or emphasis of matter suggests no immediate governance concerns. Stock price impact is likely limited given the routine nature of the filing and the small size of the company.