The Company is not carrying out any specific business. Considering the fact that the Company has adequate resources to continue in operational existence for the foreseeable future and taking into account the management assessment of improvement in the economic condition in general. The Company is getting its revenue out of commission.
Financial performance & review
The Company made a loss of Rs. 72,000/- during current financial year.
Segment wise performance:
As there is no particular operational activity, hence segment wise performance is not applicable. Outlook:
Due to change in the business activity from food business to other activity forecasting outlook is not wise since any particular business not yet started. The Directors are under the process of exploring other avenues of diversifying into new areas of business.
Risks, Concerns and Threats:
Your Company has no specific risks other than normal business issues like COVID-19 Impact which are explained above.
Internal Control Systems and Their Adequacy:
The Company has adequate internal control procedures and has well defined business processes to ensure the efficiency and effectiveness of the efforts that go in managing various assets and interests of the Company.
Cautionary Statement:
The statements in the "Management Discussion and Analysis Report" section describes the Companys objectives, projections, estimates, expectations and predictions, which may be "forward looking statements" within the meaning of the applicable laws and regulations. The annual results can differ materially from those expressed or implied, depending upon the economic and climatic conditions, Government policies and other incidental factors.
Date: 26.08.2023 | For & on behalf of the Board |
Place: Surat | Callista Industries Limited (Formerly known as CHPL Industries Limited) |
Sd/- | Sd/- |
Rashmi Ravi Sharma | Ashish Gandhi |
Managing Director | Whole time Director |
DIN:06618645 | DIN:09819105 |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.