India Exposition Mart Ltd Unlisted Shares

Annual Report: 2024

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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:

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.
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.
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.
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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