DHARMAJ2023-10-012023-12-31 DHARMAJ2023-10-012023-12-31 DHARMAJ2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member DHARMAJ2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member DHARMAJ2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543687 DHARMAJ NOTLISTED Dharmaj Crop Guard Limited Equity 2023-04-01 2024-03-31 2024-02-05 2024-01-29 INR Millions Third quarter 14:45:00 15:30:00 2024-02-05 2024-02-05 Not applicable Single segment tAgro Chemical 2023-10-01 2023-12-31 Unaudited Standalone 1234190000.00 2540000.00 1236730000.00 985130000.00 0.00 -16060000.00 62540000.00 3310000.00 10300000.00 114230000.00 1159450000.00 77280000.00 0.00 77280000.00 17260000.00 1590000.00 18850000.00 0.00 58430000.00 0.00 0.00 0.00 0.00 58430000.00 120000.00 58550000.00 0.00 0.00 337970000.00 10 1.73 1.73 0.00 0.00 1.73 1.73 The unaudited financial results for the quarter and nine months ended December 31 2023 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on 05-02-24. The Statutory Auditors of the Company have carried out limited review on the above results in terms of Regulation 33 of the SEBI (LODR) Regulations, 2015 , as amended and expressed an unmodified conclusion. 2 The unaudited financial results of the Company have been prepared in accordance with the recognition and measurement principles la id down in the Indian Accounting Standards ( Ind AS ) as prescribed under section 133 of the Companies Act 2013, as amended, read with relevant rules thereunder and in terms of the Regulation and other recognised accounting principles generally accepted in India. 3 Operating segments are reported in a manner consistent with internal reporting provided to the Chief Operating Decision Maker (CODM) 1.e. the Board of Directors. The Company's activities comprise manufacturing and dealing in pesticides including concessionaires of public health products for pest control. insecticides, herbicides, fertilizers and allied products related to research and technical formulations. As the Company's business activity falls within a single business segment viz. Agri-lnputs and hence there is no separate reportable segment as per Ind AS 108 Operating Segment 4 The Company's business is seasonal in nature. Hence the results and performance of every quarter can be impacted by the weather conditions and cropping pattern and therefore results for the quarter ended December 31 , 2023 are not comparable with the results for the quarter ended September 30 .2023 5 In the financial year 2022-23. the Company had completed initial public offer (IPO) of 10,596,924 equity shares of face value of INR 10 each at an issue price of INR 237/- per share. comprising fresh issue of 9, 113,924 shares (including 55 ,000 shares issued to employees at concessional rate of INR 10 per share) and offer for sale of 1,483.000 shares by selling shareholders. Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India limited (NSE) and BSE Limited (BSE) on December 8, 2022. The Company had received an amount of INR 2014.39 million (net off IPO expenses of INR 145.06 million) from proceeds out of fresh issue of equity shares. The entire IPO proceeds was utilized as per objects of IPO as tabulated above and certificate in this regard was issued by Care Edge Ratings(Monitoring Agency) which was submitted to the stock exchanges (BSE and NSE) on November 3, 2023.6 During the nine months ended December 31 , 2023, the Company had changed the method of depreciation from written down value method to straightline method. Depreciation charge for the quarter ended September 30. 2023. December 31 , 2023 and nine months ended December 31 . 2023 arebased on straight line method.7 During the quarter ended December 31 , 2023, the Board of Directors in their meeting held on November 03 , 2023 considered and approved theEmployee Stock Option Scheme. viz .. Dharmaj Employees Stock Option Plan 2023 ('Scheme'), in terms of the SEBI (Share Based Employee Benefitsand Sweat Equity) Regulations. 2021 . The maximum number of options that may be issued pursuant to this scheme is 300 .000 Share options. to be convertible into equal number of Equity shares of the Company. This Scheme was approved by the members through Postal Ballot with the facili ty of E·voting by December 05. 2023. As on December 31 , 2023 , no stock options were granted to eligible employees.8 Subsequent to December 31 , 2023, the Company has commenced its commercial production from January 22. 2024 at its new manufacturing plant situated at Saykha, Bharuch, Gujarat. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 5380290000.00 32650000.00 5412940000.00 4202630000.00 0.00 56770000.00 190420000.00 14330000.00 23530000.00 344790000.00 4832470000.00 580470000.00 0.00 580470000.00 155440000.00 -8740000.00 146700000.00 0.00 433770000.00 0.00 0.00 0.00 0.00 433770000.00 170000.00 433940000.00 0.00 0.00 337970000.00 10 12.83 12.83 0.00 0.00 12.83 12.83 other Expenses 114230000.00 other Expenses 344790000.00 170000.00 230000.00 50000.00 60000.00 0.00 0.00