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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.   2.The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on May 02, 2024. The results are subjected to Limited Review by the auditors of the Company in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).   3.Other income in the standalone financial results includes dividend income from subsidiaries of quarter ended March 31, 2024 INR 924.14 million. (Quarter ended December 31, 2023 NIL, Quarter ended March 31, 2023 INR 939.98 million, Year ended December 31, 2023 INR 1097.93 million).   4.The figures for the quarter ended December 31, 2023 is derived/ balancing figure between audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of financial year.   5.The Board of director of Company in previous  year at their meeting held on February 19, 2024 recomeneded the dividend of INR 5.00 per equity share of INR 10 each fully paid up for financial year ended December 31, 2023.   6.The Board of Directors of the Company approved a proposal for increase in share capital of Bill Forge De Mexico, S.A. DE C.V. (BF Mexico). CIE Galfor S.A.U (Galfor), the other wholly owned subsidiary of the Company in Spain, has subscribed the said capital increase.   Accordingly, on issuance of shares to Galfor by BF Mexico, the percentage shareholding of the Company in BF Mexico has diluted such that, BF Mexico has ceased to be a direct subsidiary of the Company. BF Mexico shall become a direct subsidiary of Galfor and a step down subsidiary of the Company.   7.The Company has changed its name from Mahindra CIE Automotive Limited to CIE Automotive India Limited during the previous year ended December 31, 2023.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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