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India Exposition Mart Ltd Unlisted Shares

Annual Report: 2024

Year: 2024

Annual Report Summary

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.

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FAQ's

What are unlisted shares?

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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.

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What is the share price of unlisted companies?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

Are unlisted shares taxed?

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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.

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