golden carpets ltd share price Directors report

The Directors are pleased to present herewith the29th (Twenty Ninth)Directors Report of Golden Carpets Ltd(the Company) on the business and operations of the Company along with Audited Financial statements for the Financial year(FY) ended31 stMarch 2023.

FINANCIAL RESULTS:

The performance of the Company for the financial year ended 31st March 2023 is summarized below:

S.No. Particulars	Year ended 31.03.2023	Year ended 31.03.2023
1 Sales	66.82	59.16
2 Other Income	3.32	7.34
3 Total Income (1+2)	70.13	66.50
4 Total Expenses (Excluding Depreciation)	76.99	81.93
5 Depreciation	13.3	11.16
6 Profit/ (Loss) before tax	(20.16)	(26.59)
7 Deferred Tax Expense	-	(1.95)
8 ProfitZ(Loss) for the year after tax	(20.16)	(24.65)

FINANCIAL PERFORMANCE:

During the financial year ended as on 31 stMarch 2023, the Company recorded total revenue of Rs. 66.82Lakhsas against Rs.59.16Lakhsin the previous year and incurred Net Loss of Rs. 20.16Lakhs.

EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENT:

Unless as provided elsewhere in this Report, there were no significant material changes and commitments affecting financial position of the company between 1stApril2023 and as on the date of Directors Report.

CHANGE IN THE NATURE OF BUSINESS IF ANY:

There was no change in the nature of business of the Company during the financial year. SHARE CAPITAL:

The Authorized Share Capital of the Company as on 31st March 2023 was Rs. 10,50,00,000/-divided into 1,05,00,000 equity shares of Rs. 10/-each.

The issued share capital of the Company is Rs. 10,35,92,590/- divided into 1,03,59,259 equity shares of Rs. 10/- each.

The listed share capital of the Company is Rs. 6,49,01,590/- divided into 64,90,159 Equity shares of Rs. 10/- each.

The Paid-up Capital of the Company is Rs. 6,49,01,590/- divided into 64,90,159 Equity Shares of Rs. 10/-each.

Further, the difference in issued capital & listed capital is on account of 99600 equity shares that were unsubscribed in the public issue &and 37,69,500 Equity Shares that have been forfeited on account of non-payment of call money.

RESERVES:

In view of losses incurred by the Company, theCompany has not transferred any amount to reserve accountfor the year ended 31 stMarch 2023.

DIVIDEND:

Duringthe financial year under review, the Company has incurred losses and therefore no dividend has been recommended by the Board.