Reply to Clarification- Financial results

FJaenburaurayr 2y3 0, 52,0 22062 6 BSE Limited NSE Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Bandra (E), Dalal Street, Mumbai - 400 001 Mumbai-400051 BSE Scrip Code: 532692 NSE Symbol: RMCL Dear Sir / Madam, Please find attached Financial Results for the quarter ended on September 30, 2022. You are kindly requested to take the same on record. Thanking You, For RADHA MADHAV CORPORATION LIMITED Nitin Jain Director and CFO (DIN: 09833381) RADHA MADHAV CORPORATION LIMITED UN-AUDITED FINANCIAL RESULT FOR THE QUARTER ENDED ON 30.09.2022 Rs. In millions Quarter Corresponding SR. Preceding Quarter Ended Corresponding Quarter Half Year Ended Year ended on PARTICULARS Ended on Half Year Ended NO. 30.06.2022 Ended on 30.09.2021 on 30.09.2022 31.03.2022 30.09.2022 on 30.09.2021 (UN- Audited) (UN-Audited) (UN-Audited) (UN-Audited) (UN-Audited) (Audited) 1 Income a) Revenue From Operation 0.34 0.52 0.55 0.86 2.18 3.42 b) Other Income 0.15 - 3.29 0.15 7.79 7.91 Total Income 0.49 0 .52 3 .84 1.01 9.97 1 1.33 2 Expenses a) Cost of Material Consumed - - - - - - b) Purchase of Stock in Trade - - - - - - c)Changes in inventories of finished goods,work in 30.36 - - 3 0.36 - - progress and stock in trade d) Employees benefit expense 1.33 0.38 0 .54 1 .71 1 .14 2 .11 e)Finance Cost - - - - - - f) Depreciation and amortization expense 2.22 2.33 0 .29 4 .55 2 .86 1 0.14 g)Commission/Incentive Discount & Scheme Expense - - - - - - h) Other expenses 202.75 0.59 1 .83 2 03.34 3 .70 5 .81 i) Total 236.66 3.30 2.66 239.96 7.70 18.06 Profit before exceptional items and extraordinary 3 (236.17) (2.78) 1.18 (238.95) 2.27 (6.73) items and tax 4 Exceptional Items - Expenses/(Income) - - - 5 Profit/Loss before Tax (236.17) (2.78) 1.18 (238.95) 2.27 (6.73) 6 Tax Expenses - - - - - - Current Tax - - - - - - Deffered Tax - - - - - - profit/ (loss) for the period from continuning 7 (236.17) (2.78) 1.18 (238.95) 2.27 (6.73) operation 8 profit/ (loss)from discontinuning operations - - - - - - 9 Tax Expense of discontining operations - - - - - profit/ (loss)from discontinuning operations after 10 - - - - - - 11 Profit (loss) for the period ( 236.17) (2.78) 1.18 (238.95) 2 .27 (6.73) 12 other Comprehensive income/(loss) Items that will not be reclassified to profit or loss - - - - - - Items that will be reclassified to profit or loss - - - - - - Tax on Above - - - - - - other Comprehensive income/(loss) for the period, - - - - - - net of tax Total comprehensive income/(loss) for the 13 ( 236.17) (2.78) 1.18 (238.95) 2 .27 (6.73) period/(Quarter) Paid up Equity Share Capital (Face Value Rs. 10/- per 14 91.30 91.30 91.30 91.30 91.30 9 1.30 Share) 15 Earning per Equity Shares Basic ( 2.59) (0.03) 0 .01 ( 2.62) 0.02 (0.07) Diluted ( 2.59) (0.03) 0 .01 ( 2.62) 0.02 (0.07) FOR AND ON BEHALF OF THE BOARD NITIN JAIN Place: Daman WHOLE TIME DIRECTOR Date: Decemmber 08, 2023 DIN:- 09833381 Notes:  The above Un-Audited financial results have been reviewed by the Audit Committee and were approved by the Board of Directors at their meeting held on 08.12.2023  The Previous year figures have been regrouped / rearranged whenever necessary. However there are not comparable due to change of management.  The Company was in Corporate Insolvency Resolution Process and resolution plan of M/s. Vama Construction has been approved by Committee of Creditots and Honorable NCLT, Ahemdabad Bench on 01.08.2022.According to resolution plan assets and liabilities are readjusted.  The New promoters have inducted new directors and the earlier based has been discontinued. FOR AND ON BEHALF OF THE BOARD NITIN JAIN WHOLE TIME DIRECTOR Place: Daman DIN:- 09833381 Date: December 08, 2023 RADHA MADHAV CORPORATION LIMITED ANNEXURES STATEMENT OF ASSESTS AND LIABILITIES UNDER CLAUSE 41 (v) OF THE LISTING AGREEMENT As at As at PARTICULARS 30.09.2022 31.03.2021 Assets (Un-Audited) (Audited) Non Current Assets a) Property, Plant and Equipments 240.61 255.1 b) Capital Work in Progress 14.79 23.9 c) Investment property - - d) Goodwill - - e) Other Intangible Assets 0.34 0.55 f) Intangible Assets under Development - - g) Biological Assets other than bearer plants - - h) Financial Assets - - i) Investments - - ii) Trade Receivables - - iii) Loans - - iv) Others 4 8.24 i) Deferred tax Assets (net) - - j) Other Non Current Assets 0.5 4.67 Total Non Current Assets 260.24 292.46 Current Assets a)Inventories 0.99 31.36 b) Financial Assets - - i) Investments - - ii) Trade receivables -0.56 48.74 iii)Cash & Cash Equivalents 57.87 5.63 iv) Bank Balance (other than cash and cash equivalent) - 2.32 v) Loans - - vi) others - 8.52 c) Current Tax Assets (Net) - 1.35 d) Other Current Assets 56.55 157.27 Total Current Assets 114.85 255.19 Total Assets 375.09 547.65 Equity and Liabilities a) Equity Share Capital 68.51 912.95 b) other Equity -143.75 -1280.32 Total Equity -75.24 -367.37 Liabilities Non Current Liabilities a) Financial Liabilities i) Borrowings - - ii) Trade Payables - - iii) Other Financial Liabilities 79.15 -0.13 b) Provisions - 6.52 C) Deferred Tax Liability (Net) - - d) Other Non Current Liabilities - 0.30 Total Non Current Liabilities 79.15 6.69 Current Liabilities a) Financial Liabilities i) Borrowings - - ii) Trade Payable 19.02 253.2 iii) Other Financial Liabilities 341.49 558.33 b) Other Current Liabilities 10.67 91.68 c) Provisions - 5.12 d) Current Tax Liabilities (net) - - Total Current Liabilities 371.18 908.33 Total Liabilities 450.33 915.02 TOTAL EQUITY AND LIABILITIES 375.09 547.65 Segment Wise Revenue, Results and Capital Employeed For The Quarter Ended on 30.09.2022 Rs. In millions SR. Quarter Ended Preceding Corresponding Half Year Corresponding Year ended PARTICULARS Quarter Ended Quarter Ended Ended on Half Year Ended on NO. on 30.09.2022 30.06.2022 on 30.09.2021 30.09.2022 on 30.09.2021 31.03.2023 (UN-Audited) (UN-Audited) (UN-Audited) (UN-Audited) (UN-Audited) (Audited) 1 SEGMENT REVENUE Consumer and Other (Trading) Packaging Division (Manufactured products) a) End User b) Channel Partners 0.00 0.00 0.00 0.00 0.00 0.00 Total less:- Inter Segment Revenue 0.00 0.00 0.00 0.00 0.00 0.00 2 Net/sales /Income from operation SEGMENT RESULTS Profit & (Loss) before Tax & Interest:- Consumer and Other (Trading) Packaging Division (Manufactured products) a) End User b) Channel Partners Total - - - - - - Less:- (i)Interest Charges (ii) Unallocated Expenditure/ (Income) (Net) (iii) Exceptional Items Total Profit Before Tax 0.00 0.00 0.00 0.00 0.00 0.00 3(I) (Segment Assets) Consumer and Other (Trading) Packaging Division (Manufactured products) a) End User b) Channel Partners Unallocated Total 0.00 0.00 0.00 0.00 0.00 0.00 3(II (Segment Liabilities) Consumer and Other (Trading) Packaging Division (Manufactured products) a) End User b) Channel Partners Unallocated Total 0.00 0.00 0.00 0.00 0.00 0.00 M/S. RADHA MADHAV CORPORATION LIMITED CBaaslhan fcloew S hsteaette mase onnt a3s0 tohn S3e0ptht 2S0e2p2t 2022 (Rs. In millions) Particulars No. For quarted ended Sept 30, 2022 Cash flows from operating activities Profit after tax (238.95) Adjustments for: Income tax expense recognised in profit or loss 0 Finance costs recognised in profit or loss Investment income recognised in profit or loss - Gain/Loss on disposal of property, plant and equipment - Write off of property, plant and equipment Gain on disposal of a business Net (gain)/loss arising on financial assets mandatorily measured at fair value through profit or loss Impairment loss recognised on trade receivables Depreciation and amortisation of non-current assets 4.55 Net foreign exchange (gain)/loss 0.09 Operating profit before working capital changes (347.40) Movements in working capital: Increase in trade receivables 171.93 (Increase)/decrease in inventories 30.37 (Increase)/decrease other financial assets 14.36 (Increase)/decrease Other Current and non-current assets 107.27 Increase/(decrease) in trade payable (234.45) (Increase)/decrease [Showing first 8,000 characters — download PDF for full document]