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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">2 The standalone financial results and the consolidated financial results of Finolex Industries Limited ( the 'Holding Company') and its associate for the quarter  and nine months ended December 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 18, 2024 and a limited review of the same has been carried out by the statutory auditors of the Holding Company.         3 These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 ('Ind AS 34'), 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (as amended).         4 The Holding Company has investment in two associates, Finolex Plasson Industries Private Limited and Pawas Port Limited. The Holding Company, using equity method as prescribed under Ind AS 28, ‘Investment in Associates and Joint Ventures’, duly consolidates its 46.35% holding in Finolex Plasson Industries Private Limited. However, the  Holding Company does not consolidate its 49.99% equity stake (corresponding investment amounting Rs 0.05 crore) in Pawas Port Limited since the associate company has not commenced operations and is not material to the Holding Company.         5 Previous periods' figures have been re-grouped wherever necessary, to conform to the current period's classification.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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