MANGCHEFER2023-10-012023-12-31 MANGCHEFER2023-10-012023-12-31 MANGCHEFER2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MANGCHEFER2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MANGCHEFER2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530011 MANGCHEFER NOTLISTED Mangalore Chemicals & Fertilizers Limited Equity 2023-04-01 2024-03-31 2024-02-02 2024-01-25 INR Lakhs Third quarter 16:00:00 17:55:00 2024-02-02 2024-02-02 Not applicable Single segment FERTILIZER 2023-10-01 2023-12-31 Unaudited Standalone 6406072000.00 106104000.00 6512176000.00 3628056000.00 33207000.00 -301114000.00 171176000.00 231452000.00 183003000.00 2056182000.00 6001962000.00 510214000.00 0.00 510214000.00 90100000.00 90343000.00 180443000.00 0.00 329771000.00 0.00 0.00 0.00 0.00 329771000.00 -835000.00 328936000.00 0.00 0.00 1185487000.00 10 2.78 2.78 0.00 0.00 2.78 2.78 1. The unaudited financial results for the quarter ended December 31, 2023 and year to date from April 1, 2023 to December 31, 2023 of Mangalore Chemicals and Fertilizers Limited (“the Company”) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 02, 2024 and has been subjected to limited review by auditors. 2. The unaudited financial results have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013, read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. The Company is engaged in the manufacture, sale and trading of fertilisers which constitutes a single operating segment as per Ind AS 108 and hence separate segment disclosures have not been furnished. 4. The urea concession income and subsidy income for Phosphatic fertilizers under Nutrient Based Subsidy Scheme for the period / year has been recognized based on management’s estimate, pending finalization by the Government of India (‘GOI’). 5. The Company had during the year ended March 31, 2021 recognised urea subsidy income of INR 2,914 Lakhs without benchmarking its cost of production using naphtha with that of gas-based urea manufacturing units recently converted to natural gas, as notified by the Department of Fertilizers [DoF] for subsidy income computation, against which the Company had filed a writ petition against the DoF before the Hon’ble High Court of Delhi [DHC]. Pending finalization of writ petition before the DHC, the management, based on legal opinion and considering the fact that the energy cost is always a pass through in subsidy computation, believes that artificial benchmarking is arbitrary and discriminatory and is confident of realisation of the aforesaid subsidy income. 6. The Company has resumed production of Ammonia and Urea on November 02, 2023 after planned shutdown in the last week of September 2023. 7. The Code on Social Security, 2020 ('Code’) relating to employee benefits received Presidential assent in September 2020. However, effective date and the final Rules/ interpretation have not yet been notified / issued. The Company will assess the impact of the Code and recognize the same, if any, once the Code comes into effect. 8. Previous year / period’s figures have been regrouped / rearranged wherever considered necessary, to conform with current period’s classification. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 30090453000.00 284291000.00 30374744000.00 14079387000.00 4670196000.00 38532000.00 518949000.00 816758000.00 529940000.00 7387006000.00 28040768000.00 2333976000.00 0.00 2333976000.00 407500000.00 426730000.00 834230000.00 0.00 1499746000.00 0.00 0.00 0.00 0.00 1499746000.00 -3090000.00 1496656000.00 0.00 0.00 1185487000.00 10 12.65 12.65 0.00 0.00 12.65 12.65 Other Expenses 2056182000.00 Other Expenses 7387006000.00 -1284000.00 -4750000.00 -449000.00 -1660000.00 0.00 0.00