Event Date: N/A
S. Samanta & Co., Chartered Accountants, located in Kolkata, have issued a Limited Review Report on the unaudited financial results of India Carbon Limited for the quarter ended December 31, 2024. This review was conducted to comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The statement, the responsibility of the company’s management and approved by the Board of Directors, was prepared in accordance with Indian Accounting Standard 34 (“Ind AS 34”) under Section 133 of the Companies Act, 2013. The auditor’s responsibility is to issue a report based on their review.
The review was conducted according to the Standard on Review Engagement (SRE) 2410 issued by the Institute of Chartered Accountants of India, aiming to obtain moderate assurance regarding the absence of material misstatement. The review involved inquiries of company personnel and analytical procedures, providing less assurance than an audit. The auditors state that they have not performed an audit and do not express an audit opinion.
Based on their review, nothing came to their attention that would suggest the unaudited financial results were not prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS), and other recognized accounting practices and policies, or that the statement does not disclose the information required by Regulation 33 of the SEBI Regulations, 2015, including the manner of disclosure, or that it contains any material misstatement.
The report is signed by C. N. Chatterjee, Partner, with Membership No. 302082, for S. Samanta & Co., Chartered Accountants, Firm’s Registration No. 305020E, and is dated January 29, 2025, from Kolkata. The UDIN is 25302082BMMAKZ1940.
The extract of standalone unaudited financial results for the quarter ended December 31, 2024, indicates the following (figures in Lakhs):
Income:
Expenses:
Profit/Loss:
Other Comprehensive Income (Net of Taxes):
Paid-up Equity Share Capital: ₹265.00 (Face value of ₹10 each).
Earnings (Loss) Per Share (₹10 each):
The notes indicate that the results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 29, 2025. The statutory auditors have conducted a 'Limited Review' of the financial results as required. The financial results are prepared according to the Companies (Indian Accounting Standard) Rules, 2015 (Ind-AS). Figures have been regrouped and rearranged where necessary.
The report is signed by Rakesh Himatsingka, Chairman & Managing Director, DIN: 00632156 for India Carbon Limited, dated January 29th, 2025, from Kolkata.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
