Financial Year: 2024
The Ramaraju Surgical Cotton Mills Limited, in a letter dated May 29th, 2024, submitted audited financial results for the quarter and year ended March 31st, 2024, to the Metropolitan Stock Exchange of India Limited, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission includes both standalone and consolidated financial results along with audit reports from M/s N.A. Jayaraman & Co., Statutory Auditors, as approved by the Board of Directors on May 29th, 2024. A declaration under Regulation 33(3)(d) of SEBI Regulations, 2015, confirming unmodified opinions on the audit reports, is also attached.
Independent Auditor's Report (Standalone Financial Results):
N.A. Jayaraman & Co. conducted an independent audit of the standalone financial results. Their opinion is that the standalone financial results are presented in accordance with Regulation 33 of the Listing Regulations and give a true and fair view of the company's net loss and other comprehensive loss, conforming to applicable accounting standards ("Ind AS") for the quarter and year ended March 31, 2024. The Board of Directors is responsible for preparing the statement, maintaining accounting records, and ensuring internal financial controls. The auditors' responsibility includes obtaining reasonable assurance about the statement's freedom from material misstatement, assessing internal controls, and evaluating accounting policies. The statement includes the results for the quarter ended March 31, 2024, being the balancing figures between audited and unaudited figures as required under the Listing Regulations.
Key Standalone Financial Data:
The company has raised an amount of Rs.3,707.14 Lakhs through Rights Issue of 18,17,227 Equity Shares having face value of Rs.10/- each at an issue price of Rs.204 per share. Consequent to the above allotment, the paid up capital has increased from Rs.399.79 Lakhs to Rs.581.51 Lakhs.
Segment-wise Revenue and Results (Standalone):
Independent Auditor's Report (Consolidated Financial Results):
N.A. Jayaraman & Co. also audited the consolidated financial results of The Ramaraju Surgical Cotton Mills Limited and its subsidiaries and associates. Their opinion is that the consolidated financial results are presented in accordance with Regulation 33, give a true and fair view conforming to applicable accounting standards, of consolidated total comprehensive loss and other financial information of the Group for the quarter and year ended March 31, 2024. The consolidated financial results include two foreign subsidiaries.
Key Consolidated Financial Data:
Assets and Liabilities (Consolidated):
Segment-wise Revenue and Results (Consolidated):
Cash Flow Statement (Consolidated): There is also a consolidated cash flow statement included, which showed ₹2,680.46 lakhs net cash generated from operating activities and ₹(1,431.48) lakhs net cash used in investing activities.
Other Matters:
The financial statements and audit reports have unmodified opinions.
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