CEBBCO2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member CEBBCO2020-04-012020-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares CEBBCO 2020-04-01 2021-03-31 2020-09-03 INR Lakhs First quarter Single segment SHEET METAL FABRICATION 2020-04-01 2020-06-30 Unaudited Standalone 299413000.00 386000.00 299799000.00 180760000.00 0.00 62885000.00 21276000.00 16175000.00 21379000.00 22042000.00 324517000.00 -24718000.00 0.00 -24718000.00 0.00 0.00 0.00 0.00 -24718000.00 0.00 0.00 0.00 0.00 -24718000.00 -684000.00 -25402000.00 0.00 0.00 894827000.00 10 -0.28 -0.28 0.00 0.00 -0.28 -0.28 The above statement of unaudited financial results for the quarter ended 30 June 2020, were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 10 September 2020. The statutory auditors of the Company have carried out a limited review of the above statement of unaudited financial results for the quarter ended 30 June 2020 and an unmodified opinion has been issued. The same have been filed with BSE Ltd. and National Stock Exchange of India Ltd. and is also available on the Company's website at www.cebbco.com. n nDuring the previous year, the Company had forfeited 0.0001% Non-Convertible Cumulative Redeemable Preference Shares due to non payment of unpaid calls. These preference shares were issued to erstwhile promoters in the year 2014-15 amounting to Rs. 2,000 lakhs of which only Rs. 1,300 lakhs was paid up. Out of the paid up amount, Rs.655.12 lakhs was classified as liability component of compound financial instruments as under the requirement of Ind AS 109. Pursuant to the forfeiture, the Company had recognized a gain of Rs. 655.12 lakhs as 'Exceptional Items' in the financials results of the quarter ended 30 June 2019 and for the year ended 31 March 2020 n nThe Company is mainly engaged in the business of metal fabrication comprising load bodies for commercial vehicles and rail freight wagons. These, in the context of Ind - AS 108 is considered to constitute one single reportable segment. Accordingly, disclosures under Ind AS 108, Operating Segments are not required to be made n nOn account of the spread of COVID-19, the Government of India had imposed a complete nation-wide lockdown on 25 March 2020 leading to shut down of the Company's manufacturing facilities and logistics operations. Since then the government of India has progressively relaxed lockdown conditions and has allowed most of the industries and businesses to resume operations in a phased manner. During the quarter, the Company has resumed its manufacturing facilities and is currently in the process of further scaling up its operations. Further, since the lockdown was still in force for a significant period of the reported quarter, the Company's operations were impacted however, management believes that the impact seems to be temporary in nature and the pandemic is not likely to have an impact on the recoverability of the carrying value of its assets as at 30 June 2020. The management is continuously and closely monitoring the developments and possible effects that may result from the current pandemic on its financial condition, liquidity and operations and is actively working to minimize the impact of this unprecedented situation. As the situation is still continuously evolving, the eventual impact may be different from the estimates made as of the date of approval of these financial results n nThe figures of the preceeding quarter ended 31 March 2020, as reported in these financial results, are the balancing figures between the audited figures in respect of full financial year ended 31 March 2020 and published year to date unaudited figures upto the end of the third quarter of that finacial year. n nPrevious period figures have been regrouped / reclassified wherever necessary to correspond with current period classification / disclosures other expenses 22042000.00