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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The unaudited financial results for the quarter ended 30  June 2024 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company at their respective meeting held on 14  August 2024. The statutory auditors have conducted a  Limited Review  of these financial results in terms of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations. 2015   2. The figures for the quarter ended 31st March 2024 are the balancing figures between the audited figures in respect of the full financial year ended 31st March 2024 and the unaudited published year to date figures up to 31st December, 2023. The figures for the corresponding previous periods have been eerouped and reclassified   wherever necessary, to make them comparable.   3. Company's business relates to the providing Automatic Identification &amp; Data Capture (AIDC) Solutions which in   context of Indian Accounting Standards 108 (Ind AS 108) as notified under Section 133 of the Companies Act,   2013 is considered as the only segment.   4. Exceptional Item as on 30  June 2024 amounting to ~ 80.29 Lakhs represents the profit on sale of Land and   Building, situated at Raj Bollram Thanda Village.   Exceptional Item for year ended 31% March 2024 represents an impairment allowance of % 43.49 Lakhs   recognized under Ind AS 36 “Impairment of Assets” on account of classification of plant and machinery and   related software as Assets held for Sale in accordance with Ind AS 105 “Non-Current Assets Held for Sale and   Discontinued Operations” and derecognition of financial and other assets worth 2 30.28 Lakhs.   5. The current promoters and management of the Company took control of the Company on 28  March 2023, upon successful implementation of the Resolution Plan. Subsequently, it has been noticed that the Foreign Subsidiaries are not being functional and current management do not have any control over these subsidiaries. In order to give a transparent view of the Company’s Assets, the current management had written off such investments in previous quarters. Further, the Company confirms that this has not resulted in any adverse impact on the financials as there are no operations in these foreign subsidiaries. The management of the Company is in the process of regularizing the Compliances related to Foreign Subsidiaries and closure of such subsidiaries under the applicable legal framework in respective jurisdiction.   6. The unaudited results have been prepared in accordance with Indian Accounting Standard 34  Interim Financial Reporting  ( IND AS 34 ) prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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