Proforma Financial Statements definition

Proforma Financial Statements has the meaning described in Section 4.1.12 (Proforma Financial Statements) below.

Proforma Financial Statements means proforma financial statements in the Prescribed form in relation to the Company or Managed Investment Scheme;

Proforma Financial Statements means the unaudited pro forma condensed financial statements as of and for the nine months ended September 30, 2020 and the year ended December 31, 2019 that were prepared by Borrower based upon DF Holdings’ historical financial statements and adjusted to give pro forma effect to the Corporate Reorganization, the IPO, and other matters more particularly described in the Borrower S-1.

Examples of Proforma Financial Statements in a sentence

• Restricted Persons have heretofore delivered to each Lender true, correct and complete copies of the Initial Proforma Financial Statements.

• The Initial Proforma Financial Statements were prepared in good faith based upon assumptions specified therein.

• Our Proforma Financial Statements are illustrative in nature and have not been prepared in accordance with auditing or other standards and practices generally accepted in other jurisdictions and accordingly should not be relied upon as if it had been prepared in accordance with those standards and practices.

• Item 1 Financial Statements Financial Statements and, if applicable, Pro-forma Financial Statements meeting the requirements of SRC Rule 68, Form and Content of Financial Statements, shall be furnished as specified therein.

• Inaddition, the rules and regulations related to the preparation of pro forma financial information in other jurisdictions may also vary significantly from the basis of preparation as set out in our notes to the Proforma Financial Statements.

• In addition, the Proforma Financial Statements, as required under the SEBI ICDR Regulations in relation to the acquisition of Chhaya, in which we acquired control with effect from December 5, 2016, is included in this Red Herring Prospectus.

• The Proforma Financial Statements from half year ended September 30, 2016 till the half year ended September 30, 2018, have been submitted to RBI.

• The table below sets forth the calculation of goodwill in the Proforma Financial Statements: Under Indian GAAP, if the Company determines the goodwill is impaired, the Company will be required to write down such assets.

• Further, certain financial information pertaining to our Target Companies is derived from the Proforma Financial Statements and the Special Purpose Financial Statements of the Target Companies.

• The Company Proforma Financial Statements for the last three fiscal years shall have been audited by, and the interim financial statements shall have been reviewed by, the Accountant and shall be in a format acceptable for inclusion on the Transaction 8-K (as defined herein) and for EDGAR filing.

More Definitions of Proforma Financial Statements

Proforma Financial Statements means the pro forma consolidated balance sheet as at September 30, 2023 and March 31, 2023, pro forma consolidated statement of profit and loss for the six months ended September 30, 2023 and for the year ended March 31, 2023 and related notes for inclusion in the RHP and Prospectus by the Company;

Proforma Financial Statements means balance sheets for Guarantor and Borrower dated on or about the date of this Agreement reflecting, on a proforma basis, the Indebtedness outstanding under this Agreement.

Proforma Financial Statements means the pro forma consolidated balance sheet as at March 31, 2023, pro forma consolidated statement of profit and loss for the year ended March 31, 2023 and related notes for inclusion in the DRHP by the Company. The applicable criteria, on the basis of which the management has compiled the pro forma financial information of pro forma consolidated balance sheet as at March 31, 2023, pro forma consolidated statement of profit and loss for the year ended March 31, 2023, and related notes thereto, as required by clause 11(I)(B)(iii) of the SEBI ICDR Regulations, as required by the management, are specified in the “Basis of preparation” paragraph as described in Note 2 to the pro forma financial information. The pro forma financial information has been compiled by the Company’s management to illustrate the impact of the acquisitions set out in the “Acquisition Details” paragraph as described in Note 3 to the pro forma financial information, on the Company’s financial position as at March 31, 2023, as if the acquisitions had taken place as at April 1, 2022;

Proforma Financial Statements is defined in Section 3.3.

Proforma Financial Statements as defined in Section 7.1(d).

Proforma Financial Statements means the proforma financial statements of NBLLC attached as Schedule A-7 which have been adjusted to give proforma effect to the Recapitalization of NBLLC immediately prior to Closing.