Find enclosed my queries on Financial for FY24:
1 Update on Sale of Investment Property, Page 148 mention that company has entered into agreement for sale with buyer and same is awaiting approval from DIC Solan. Please provide update. Also, what is sale realisation amount in Agreement to sale entered in July 2022.
2 Page 132, MSME Creditor around 3% while on Page 120 sourcing from MSME/small producers is 17.57%. Can you please explain this variance?
3 Page 126 Auditor Mentions ”However, for 1st quarter of Financial year 2023-24 at head office only, the feature of recording audit trail (edit log) facility was not enabled to log any direct data changes for the accounting softwares used for maintaining the books of account for the referred period.” Reason for same being not implemented during Q1FY24.
4 Page 147 Project in progress has Rs 67.28 Lakhs which are under development for more than 3 years. Any perspective when this projects would be complete and amount would be capitalised?
5 Page 156, Trade payable outstanding for more than 1-2 years Rs 8.12 Lakh, for more than 2-3 years, Rs 1.08 Lakh and for more than 3 years is Rs 5.13 lakhs. Any specific reason/dispute why they are not paid for such long period?
6 Page 166: Other region contribute Rs 5699.99 Lakhs sales during FY2024. How much is share of China in this figures?
Disclosure: Among my top 3 equity holdings in portfolio. My view may be biased due to my holding. I may buy/sell my holding without informing forum. Not A SEBI registered advisor. Not recommending any investment in the company
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