A - The Financial Results and notes thereon were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 26th April, 2022.
B - Figures for the corresponding previous periods are re-arranged, wherever necessary, to conform to the figures of the current period.
C - The figures for the 3 months ended 31st March, 2022 and corresponding 3 months ended 31st March, 2021 are the balancing figures between the audited figures in respect of the full financial year and the year to date figures up to the third quarter of the respective financial year.
D - The Company operates only in one segment i.e. 'Travel Related Services'.
E - The Company being in the service industry, the information as regards stock in trade, consumption of raw materials and purchase of traded goods is not applicable.
F - During the ongoing COVID-19 pandemic, various State Governments imposed lockdowns and travel restrictions. The restrictions on International air travel imposed since March, 2020 were lifted from 27th March, 2022. Consequently, our operations continued to be disrupted.
COVID-19 pandemic continues to adversely impact the Company’s business. However, the Company has considered various internal and external sources of information available as on date of issuance of these results in determining the impact of COVID-19 on its tour and travel related services and accordingly, has reviewed its strategies and has initiated appropriate actions to deal with the current situation.
The management has factored the effect of the pandemic in determining the provision towards expected credit loss on its trade receivables and recoverability of other receivables. Further, based on the above assessment, the Company expects to recover the carrying amount of its trade receivables and other receivables outstanding as at 31st March, 2022 and accordingly, no adjustment in the matter is required to be made in these results. However, the eventual outcome of the above coronavirus pandemic on the Company’s tour and travel related services may be different from those estimated as on the date of approval of these results.
The management expects the business disruptions anticipated due to the pandemic to continue for sometime before business returns to normalcy and will continue to closely monitor any material changes in markets and future economic conditions.
G - The Company does not have any exceptional item to report for the above periods.
H - This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.