Infomedia Press Ltd. NSE:INFOMEDIA

Infomedia Press : Standalone (Unaudited) Financial Results for the Quarter Ended June 30, 2024

Published

Source: MarketScreener

lnfomedia

Prus Limited

INFOMEDIA PRESS LIMITED

FINANCIAL RESULTS FOR THE QUARTER ENDED 30™ JUNE, 2024

If In lakh exceot ,er share data

Particulars

Quarter Ended

Year Ended

(Unaudited)

(Audited)

30th Jun'24

31 11 Mar'24

301h Jun'23

31 11 Mar'24

Income

1

Other Income

-

1.53

-

1.53

Total Income

-

1.63

.

1.53

2

Ex=nses

Finance Costs

71.88

70.87

69.20

281 .69

Depreciation and Amortisation Expense

0.08

0,08

0.08

0,32

Total Exoenses

71 .98

70.96

69.28

282.01

3

169.42

169.281

1280.481

Profit/ (Loss! before Tax 11 - 21

171 .98'

4

Tax Ex=nse

Current Tax

-

-

-

-

Total Tax Exoense

.

-

-

.

5

Profit/ (Loss) for the period/ year from

(71.96)

(69.42)

(69.28)

(280.48)

contlnulna ooeratlon 13 - 41

6

Loss for the period/ year from discontinued

(34.13)

(23.89)

(39.24)

(106.81)

7

operation before tax

Tax expense of discontinued operation

-

-

-

8

Profit/ (Loss) for the period/ year from

(34.13)

(23.89)

(39.24)

(106.81)

discontinued operation after tax 16 • 71

9

Profit/ (Loss) for the period/ year (5 + 8)

(106.09)

(93.31)

(108.52)

(387.29)

10

Other Comprehensive Income

Items tha1 will not be reclassified to Profit or

2.62

(0.06)

(0.04)

(0.09)

Loss

Total Comprehensive Income for the

(103.47)

(93.37)

(108.56)

(387.38)

Period/ Year 19 + 101

11

Earnings per Equity Share (Face Value of

~ 10 each) (Not Annualised)

(for continuing operation)

Basic and Diluted fin fl

/0.14)

/0.14)

10.1 4

10.56

12 Earnings per Equity Share (Face Value of f 10 each) (Not Annualised)

(for discontinued operation)

13

Basic and Diluted /in f l

/0.07)

/0.05)

10.08

10.21'

Earnings per Equity Share (Face Value of

f 10 each) (Not Annualised)

(for continuing and discontinued operation)

Basic and Diluted (in f )

-/0.21

/0.19

10.22:

10,77'

14

Paid-up Equity Share Capital, Equity Shares

5,019.42

5,019.42

5,019.42

5,019.42

oH 10 each

15

Other Equity excluding Revaluation

(10,467.89)

Reserve

lnfomedia

Press Limited

INFOMEDIA PRESS LIMITED

NOTES TO THE FINANCIAL RESULTS FOR THE QUARTER ENDED

30TH JUNE, 2024

  1. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results and it's release at their respective meetings held on 12111 July, 2024. The Statutory Auditors of the Company have carried out Limited Review of the aforesaid results.
  1. The Company had discontinued it'soperations In the earlier years and has Incurred a net loss of, 106.09 lakh during the quarter ended 30th June,2024 and as of dale the Company'saccumulated losses amount to
    • 10,717.25 iakh which has resulted in negative net worth of the Company. The Management is evaluating various options, Including starting a new line of business. Network18 Media & Investments Limited, the Holding Company, has given a support letter, for the foreseeable future, to extend any financial support which may be required by the Company. Considering these factors, the results have been prepared on a going concern basis.
  3. The Company has discontinued it'soperations, hence there is no separate reportable business or geographical segments as per Ind AS 108 "Operating Segments",
  1. The figures of the quarter ended 31st March, 2024 are the balancing figures between the audited figures in respect of the full financial year end the published year-to-date figures up to the third quarter of the financial year ended 31st March, 2024
  1. The figures for the corresponding previous periods have been regrouped, wherever necessary, to make them comparable.

For and on behalf of Board of Directors lnfomedla Press Limited

Chairman

Date : 12th July, 2024

INFOMEDIA PRESS LIMITED CIN: L22219MH1955PLC281164

Regd. Office: First Floor, Empire Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai, 400013.

Tel: +91 22 6666 7777 / 4001 9000

Web: https:/twww.infomediapress.in Email: [email protected]

....... _

CHATURVEDI 0 SHAH LLP

Chartered Accountants

m

11

Independent Auditor's Review Report on Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015

To,

The Board of Directors of

INFOMEDIA PRESS LIMITED

  1. We have reviewed the accompanying Statement of Unaudited Financial Results of INFOMEDIA PRESS LIMITED ("the Company") for the quarter ended 30th June, 2024, attached herewith, being submitted by the Company pursuant to the requirement ofregulation 33 of SEBI (Listing Obligations and Disclosures Requirements, 2015 ("the Regulation"), as amended .
  1. This statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34) as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibil ity is to issue a report on the statement based on our review.
  2. We conducted our review ofthe Statement in accordance with the Standard on Review Engagements (SRE) 241 O"Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not perfonned an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Head Office: 912, Tulsiani Chambers, 212, Narirnan Point, Murntwi - 400 021, India. Tel : + !l1 22 41 63 '8500 • Fax: + !l1 22 4163 8595

URL : www.cas.1nd.1n

(;:I

CJ

CHATURVEDI 0 SHAH LLP

Chartered Accountants

itll

r.!

Material Uncertainty Related to Going Concern

5. We draw attention to the note b to the result which indicates that the Company had discontinued its operations in the earlier years and has incurred a net loss of Rs. I06.09 Lakh during the quarter ended 30th June, 2024, as of that date the Company's accumulated losses amount to Rs. I 0,717.25 Lakh resulting in negative net worth of the Company. The management of the Company is evaluating various options, including starting a new line of business. These conditions, along with other matter as set forth in the aforesaid note, indicate the existence of a material uncertainty that may cast significant doubt about the Company' s ability to continue as a going concern. Network I8 Media & Investments Limited, the Holding Company, has given a support letter, for the foreseeable future, to extend any financial support which may be required by the Company. In lieu of the support letter from the Holding Company, the management has assessed that the Company continues to be going concern. Our conclusion is not modified in respect of the said matter.

For Chaturvedi & Shah LLP

Chartered Accountants

Registration Number: 101720W/W100355

  1. {lf,✓~

va;r,v- .,/

Vijay Napawaliya

Partner

Membership Number: 109859

UDIN: 24Jo9i5~Bl(f'CJV7-430

Place: Mumbai

Date: 12th July, 2024

Continuation sheet...