Punctual Trading Ltd. — Earnings Release 2024

Regd. Off.: 411, Floor-4, Plot-207, Embassy Centre, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400 021 Tel. No. : 022-61155300 Email add : punctualtradingltd @gmail.com CIN: L67120MH1986PLC039919

30 May 2024

To, The Secretary, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400001

Dear Sir/Madam,

Sub: Outcome of the Board Meeting. Ref: Scrip Code 512461

This is to inform you that the Board of Directors at its meeting held today, i.e, on 30" May, 2024, inter alia, approved audited financial results of the company for the quarter and financial year ended March 31, 2024.

Please find enclosed here with:

• 1) The audited financial results of the company for the quarter and financial year ended March 31, 2024 along with audit report with unmodified opinion.
• 2) Extract of the audited financial results as given for publication in the newspapers, "The Free Press Journal" and "Navshakti".
• 3) Related Party Transaction statement for half year ended March 31, 2024.

Ny MUMEA ', £

The meeting of the Board of Directors commenced 5.00 p.m. and ended on 6.05 p.m. IST.

Kindly acknowledge the receipt.

Thanking You,

Yours faithfully For Punctual Trading Limited

/& Manoj Sidhakaran Dadhich ~_ Whole Time Director - DIN: 00374923

Encl: Audited Financial Results for the quarter and financial year ended March 31, 2024, along with the respective audit report and related party transaction statements.

NOTE -

1) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30" May, 2024. The statutory auditor has issued audit report with unmodified opinion on the above results. 2) The Company operates in single business segment and hence, the information pursuant to IND AS-108 is not applicable. 3)The figures for the corresponding previous periodiyear have been rearrangediregroupedireciassified wherever necessary, to make them comparable. The figures for the quarter ended 31st March, 2024 and 31st March 2023 are the balancing figures between the audited figures of the fullfinancial year and the published/restated year to date figures upto the third quarter of the respective financial yoar.

For and on behalf of the Board of

Date :- 30" May, 2024 Whole Time Director Place:- Mumbai (DIN-00374923)

Manoj Dadhich

411, Floor-4, Plot-207, Embassy Centre, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400021 Tel. No. : 022 - 61155200 /61155300 Fax No. : 022 - 22875197

Website: www.punctualtrading.com, Email for investors:[email protected]

CIN : L67120MH1986PLC039919

For and on behalf of the Board of Directors.

Manoj Dadhich Whole Time Director (DIN-00374923)

Date :- 30" May, 2024 Place:- Mumbal

411, Floor-4, Plot-207, Embassy Centre, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400021 Tel. No. : 022 - 61155200 / 61155300 Fax No. : 022 - 22875197 Website: www.punctualtrading.com, Email for investors:[email protected] CIN : L67120MH1986PLC039919

AUDITED STANDALONE CASH FLOW STAEMENT FOR THE YEAR ENDED 31ST MARCH, 2023

For and on behalf of the Board of Directors

Manoj Dadhich

Whole Time Director (DIN-00374923)

Date :- 30" May, 2024 Place:- Mumbai

SVP & ASSOCIATES CHARTERED ACCOUNTANTS

B-601, SERENITY, RAHEJA REFLECTIONS, THAKUR VILLAGE, KANDIVALI(EAST), MUMBAI-400101 Mobile: 09820047387 E-Mail : [email protected]

INDEPENDENT AUDITOR'S REPORT

To

The Board of Directors of

Punctual Trading Limited

Report on the audit of the Financial Results

Opinion

We have audited the accompanying financial results of Punctual Trading Limited ('the Company') for the quarter and year ended March 31, 2024, attached herewith along with notes thereto, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these financial results:

• (i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter and year ended March 31, 2024.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAl) together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Management's Responsibilities for the Financial Results

Quarterly financial results have been prepared on the basis of the annual financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.

This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• o Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• o Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial control system in place and the operating effectiveness of such controls
• o Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• e Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to

the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

o Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation

Materiality is the magnitude of misstatements in the financial statements that individually or in aggregate makes it probable that the economic decisions of a reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work and (ii) to evaluate the effect of ant identified misstatements in the financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter:

1. The Financial Results include the results for the quarter ended March 31,2024 and March 31, 2023 being the balancing figure between audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

QOur opinion is not modified in respect of this matter.

Mumbai Partner

For SVP & Associates Chartered Accountants Firm Registration No. 003838N

ST s CS?EH'

Yogesh Kumar Singhania May 30, 2024 Membership No. 111473 UDIN : 2411433 BKHBLRISTFS

411, Floor-4, Plot-207, Embassy Centre, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400021

Tel. : 022 - 61155300 / 61155200, Fax 022 - 22875197

CIN: L67120MH1986PLC039919

1) The above is an extract of the detailed format of Quarterly ended 31.03.2024 financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI circular dated 5th July, 2016. The full format of the Qarterly / year ended Financial Results is available on the Stock Exchange website: BSE Limited (www.bseindia.com)

2) The above were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 30.05.20234

Place : Mumbai Date :30.05.2024

WHOLE . TIME DIRECTOR

For PUNCTUAL TRADING LIMITED|

Din : 00374923

Punctual Trading Limited

Related Party Disclosures (All amount in Rs. Lacs, unless otherwise stated)

Transactions with related parties during half year ended 31st March, 2024.

* Resigned w.e.f. 5th August 2023 ** Appointed w.e.f. 27th January 2023

Terms and conditions of transactions with related parties

All related Party Transactions entered during the period were in ordinary course of the business and on arm's length basis.

~ R = £ Caumnal ;,}\ R L )8 b -