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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above Consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 02 February 2024. The Statutory Auditors have carried out limited review of the Consolidated financial results of the Group for the quarter and Nine months ended 31 December 2023 in accordance with Regulation 33 of the SEBI (Listing Obligations &amp; Disclosure Requirements) Regulations, 2015 and have issued an unmodified report on the above results.      2. The Board of directors had approved setting up a new manufacturing facility for the Steel Building business through a wholly owned subsidiary, Everest Steel Building Private Limited, which was incorporated on 26 May 2023.The Subsidiary is in process of setting up its manufacturing facility.      3. During the period ended 31 December 2023, the Group sold its property at Nashik, resulting in profit of Rs. 760 Lakhs which is disclosed as exceptional items in the results. This property was classified as 'Asset Held for Sale' in the audited balance sheet as of 31 March 2023.      4. During the Quarter ended 31st December 2023, the Holding Company reassessed its impairment provision recognized in the past, for the Board line sheeting machine and wrote-back an impairment provision to the extent of Rs 338 lakhs, which is included in the results under the head ‘Other Income’.      5. In the year ended 31 March 2023, pursuant to the various Income tax orders received by the Group, it had evaluated related tax provisions. Consequently, the results for the year ended 31 March 2023 include release of tax provision of Rs. 1,692 lakhs (included under 'Adjustment of tax relating to earlier periods'), Interest Income on Tax refund of Rs. 1,610 lakhs (included under 'Other Income') and a provision for Interest expense of Rs. 2,371 lakhs on account of probable tax matters (included under 'Finance Cost').      6. The previous period and year figures have been regrouped/ reclassified wherever necessary to conform to the current period's presentation.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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