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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The above unaudited standalone financial results for the quarter ended June 30, 2024 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company at their respective meetings held on July 24, 2024. The Statutory Auditors have carried out a limited review of these standalone financial results who have issued an unmodified conclusion.   2.The figures of three months ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2024 and the unaudited published year-to date figures for nine months up to December 31, 2023 which were subjected to limited review.   3.The Company manufactures Forging components and the management reviews the performance of the Company as a single operating segment in accordance with Ind AS 108 Operating Segments notified pursuant to the Companies Indian Accounting Standards Rules 2015. Accordingly no separate segment information has been furnished herewith.   4.The Code on Social Security, 2020 Code relating to employee benefits during employment and post-employment benefits received presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.    5.On September 30, 2023, the Board of Directors of the Company considered and approved conversion of warrants and issue and allotment of 46,00,000 equity shares of face value of Rs. 2 each on exercise of 46,00,000 warrants upon receipt of balance amount aggregating to Rs. 7,072.50 lakhs (being 75 per cent of the issue price of Rs. 205 each) from the warrant holders pursuant to the exercise of their rights of conversion into equity shares. This has been considered for calculating diluted earnings per equity shares for the quarter ended June 30, 2023 and year ended March 31, 2024, as per Ind AS 33 Earnings Per Share.   6.The Company, during the quarter, has further invested Rs. 400.00 lakhs and Rs. 1,381.11 lakhs in equity shares of Ramkrishna Casting Solution Limited formerly known as JMT Auto Limited and ACIL Limited respectively.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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