India Exposition Mart Ltd Unlisted Shares Annual Reports

India Exposition Mart Ltd Unlisted Shares

Corrigendum to the 23rd Annual Report for Financial Year 2023-24 of India Exposition Mart Ltd. (IEML) addresses inadvertent typographical errors in the Auditor's Report on Consolidated Financial Statements and details relating to Earnings Per Share in the Standalone and Consolidated Financial Statements. The following corrections are listed as amendments to the original report: 1. **Earnings Per Share (Standalone Financial Statements):** On page 141, in Note 36, for the year ended 31-03-2024, the effect of exercise of share options is revised to 8,081 from the initial 25,323. The weighted average number of equity shares used as the denominator in calculating diluted earnings per share is amended to 7,41,02,106, and the diluted earnings per share is amended to ₹3.89 from the initial ₹3.86. 2. **Independent Auditor's Report (Consolidated Financial Statements):** On page 172, Point No. 13 shows the following amendments (in Rs. million for 31-03-2024): Total Assets is amended to 146.15, Net Assets to 70.4, and Total Revenue to 56.19. The Total Comprehensive Income is amended to -56.61 with the "Omitted" initial entry. Cash flows (net outflows/net inflows) are amended to -4.81, and the Group's share of net profit (in respect of 1 joint venture) is amended to 0.01. 3. **Annexure-A (Consolidated Financial Statements):** On page 175, Point No. 2 of the table pertains to Annexure-A to Independent Auditor's Report. The Paragraph particulars are amended to show the Company has incurred cash losses of Rs 570.04 lakhs in the current financial year and Rs 445.20 lakhs in the immediately preceding financial year. The initial entry shows Rs 445.20 lakhs in the current financial year. 4. **Earnings Per Share (Consolidated Financial Statements):** On Page 217, under Note No. 38, the effect of exercise of share options is amended to 8,081 from the initial 25,323. The weighted average number of equity shares used as the denominator in calculating diluted earnings per share is amended to 7,41,02,106 from 7,41,19,348. The document also includes highlights from the 23rd Annual Report, including company achievements and events held at the India Exposition Mart Ltd. venue, alongside financial performance details and corporate information. India Exposition Mart Limited is India's leading venue planner and provider. The integrated service offerings and facility details are committed to deliver world-class, technology-driven facilities. The Annual Report for FY 2023-24 should be read in conjunction with these amendments. Anupam Sharma, Company Secretary & Compliance Officer of IEML signs this Corrigendum.

India Exposition Mart Ltd Unlisted Shares

India Exposition Mart Ltd. 22nd Annual Report Summary: **Introduction and Overview:** The India Exposition Mart Limited (IEML) annual report highlights the company's performance and activities for the financial year 2022-23. The company reflects on its 22-year journey in creating a world-class exhibition and convention center in Greater Noida. **Financial and Operational Performance:** IEML achieved record revenue of over Rs. 223 Crores in 2022-23, which is four and a half times the previous year's revenue and a 40% increase over the peak revenue of 2019-20. The board declared an interim dividend of 25%, or Rs. 1.25 per share (face value Rs. 5), reflecting this strong performance. 45 events were hosted during the year, reaching an 85% occupancy rate. IEML venue has hosted large scale consumer shows, international sourcing and trade show as well as high profile international conferences. **Strategic Initiatives and Diversification:** The company expanded into hospitality with 'ExpoInn Suites & Conventions' which offers 134 rooms, and into e-commerce through its subsidiary, Expo Digital India Private Limited. The liquidation process of joint venture with Nextt Consumer Products Company, Inc (JV) has been initiated. IEML organized in-house shows including IHE 2022 (India International Hospitality Expo) and Ayuryog Expo 2022. The two new IPs were launched concurrently, coinciding with Khilona- India Toys & Games Fair 2022, organised by the Export Promotion Council for Handicrafts. **Infrastructural Advancements:** IEML focused on sustainable upgrades, including refurbishment of the IEML Steel Logo, installation of dual-fuel kits for generators, installation of EV charging stations, and extension of the PNG pipeline. Solar street light replacements, construction of labour restrooms, capacitor panel installation, and sheds for HT panels. Road work near the pump room was completed. **Certifications and Awards:** IEML received the "Best Stand-Alone Convention Centre-National Tourism Award 2018-19" and awards at the Exhibition Excellence Award 2022, including "The Grand Venue" Award, and IEML's event IHE 2021 as "The Knowledge Hub". Mr. Sudeep Sarcar, CEO, IEML was awarded as "The Dynamic CEO". **Corporate Social Responsibility (CSR):** Grants were given to Divya Prem Sewa Mission Niyas, Maharshi Panini Dharmarth Trust, and Gramin Vikas Evam Chetna Sansthan, and supported activities at Gautam Budh Society. Project E-nurture was designed to educate and develop e-commerce capacity for Micro Enterprises, NGOs, Artisan Producers Companies and Artisans. **Future Plans and Outlook:** The company will focus on upgrading facilities, strengthening its brand, optimizing return on investment, and improving profitability through lean operations and swift action. There is a plan to instill business confidence in Mart owners and to promote the Marts as a year-round sourcing destination. **Notice of Annual General Meeting:** Notice is given for the 22nd Annual General Meeting of India Exposition Mart Limited on Monday, August 28, 2023, at 11:30 am in New Delhi. Ordinary business includes adopting the audited financial statements for the year ended March 31, 2023, and appointing a director in place of Mr. Vivek Vikas, who retires by rotation. Special business includes the appointment of Mr. Ravinder Kumar Passi and Mr. Anil Mansharamani as Non-Executive Directors. Members are entitled to appoint a proxy. Remote e-voting will be available from August 25-27, 2023. **Additional Details:** The document provides detailed instructions for remote e-voting, including login methods for individual shareholders holding securities in demat mode via NSDL and CDSL, and for those holding securities in physical mode. Contact details for the company, e-voting agency, scrutinizer, and registrar and transfer agent are also provided. Annexures to the notice include profiles of directors seeking appointment/re-appointment and explanatory statements for special business items.

India Exposition Mart Ltd Unlisted Shares

Corrigendum to the 21st Annual Report for Financial year 2021-22 The following corrections and clarifications are made to the 21st Annual Report for the financial year 2021-22 for India Exposition Mart Ltd. **Financial Performance Indicators (Standalone and Consolidated):** * Revisions to figures related to Total Income, Total Expenses (excluding Depreciation), Depreciation, Profit/Loss Before Tax, Provision for Current Tax/Deferred Tax, Exceptional and Extraordinary Items, Profit/Loss After Tax, Other Comprehensive Income, and Total Comprehensive Income for both Standalone and Consolidated statements for the years 2021-22 and 2020-21. * Non-Controlling interest numbers for 2020-21 were adjusted to (54,34,365) **Other Amendments:** * **Page 5:** Correction in the second statement under "Investment opportunity through Initial Public Offer (IPO)" to accurately reflect the name of the Securities Exchange and the correct date. * **Page 32 (Form AOC-1):** Date of subsidiary acquisition corrected to "March 11, 2021". * **Page 44:** Correction to the amount of confirmed business, adjusted to "Rs. 350,005,016.6". * **Page 50:** Consolidated profit after tax attributable to equity shareholder (20-21) corrected to "(164.54)". * **Page 51:** Debt Equity Ratio values for FY 2022 & 2021 corrected to "0.23" and "0.10" respectively. * **Pages 113 & 195:** "Capital Work in Progress ageing schedule as on March 31, 2020" corrected to "April 01, 2020". * **Page 116:** Note 14 correction regarding Trade Receivables reference note from "39(b)" to "39(c)". * **Page 117:** "Trade Receivable ageing schedule as on March 31, 2020" corrected to "April 01, 2020" and allowances for credit loss amount "(27.66)". * **Page 118:** Note 17 corrections concerning par value of equity shares, and footnote in reconciliation of shares. Par value of equity share be read as “ ₹ 5 per share (previous year ₹ 10 per share)" * footnote be read as "*During the year ended March 31, 2022, equity shares of ₹ 10 each were sub-divided into 2 equity shares of ₹ 5 each pursuant to an ordinary resolution passed by the shareholders in the Extra ordinary General Meeting held on October 25, 2021." * **Page 121:** Trade payable - Total outstanding dues of creditors other than micro enterprises and small enterprises as at 31 March 2022 corrected from “60.11" to "60.10". * **Pages 122 & 204:** "Trade payable ageing schedule as on March 31, 2020" corrected to "April 01, 2020". * **Page 144:** Return on equity turnover ratio - Ratio for the year ended 31 March 2021 be read as "-12.09%2" instead of "-12.09%". * **Page 175:** Under Cash Flow Statement, the heading of the extreme right column be read as "For the year ended 31 March 2021" instead of “For the year ended 31 March 2022" * **Page 177:** Table B "Other Equity", "Employee stock option charge for the year" amount of "6.43" be removed from “Retained Earnings" column and be added in the “Total” column. * **Page 209:** under "Weighted average number of equity shares used as the denominator in calculating basic earnings per share", the "Impact of sub division of shares in previous year" of "37,000,000" be reflected in the year ended as at March 31, 2021 instead of March 31, 2022. * **Page 242:** Balance Sheet Date to be read as "31-03-2022" instead of "31-03-2021" and "UDIN: 22084318AOAPMK2670" be considered removed from the end of the page.