VENUSPIPES2024-04-012024-06-30 VENUSPIPES2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member VENUSPIPES2024-06-30 VENUSPIPES2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543528 VENUSPIPES NOTLISTED Venus Pipes & Tubes Limited Equity 2024-04-01 2025-03-31 2024-07-25 2024-07-18 INR Millions First quarter 11:00:00 13:30:00 2024-07-25 2024-07-25 Not applicable Single segment Manufacturing 2024-04-01 2024-06-30 Unaudited Standalone 2401380000.00 10180000.00 2411560000.00 1672920000.00 0.00 -63397000.00 84180000.00 76500000.00 43351000.00 228320000.00 2041874000.00 369686000.00 0.00 369686000.00 81750000.00 12380000.00 94130000.00 0.00 275556000.00 0.00 0.00 0.00 0.00 275556000.00 -150000.00 275406000.00 0.00 0.00 202960000.00 10 13.58 13.51 0.00 0.00 13.58 13.51 Notes to Statement of Unaudited Financial Results for the quarter ended June 30, 2024 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this Statement of Unaudited Financial Results for the quarter ended June 30, 2024 (“Unaudited Financial Results ) of the Company has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 25, 2024 and have been subjected to limited review by the Statutory Auditors of the Company 2. The figure for the quarter ended March 31, 2024 are balancing figures between the figures for the audited financial year and year to date unaudited figures up to the third quarter of the respective financial year. 3. These financial results have been prepared in accordance with Indian Accounting Standard (Ind-AS) as prescribed under section 133 of Companies Act 2013 read with rule 3 of the Companies ( Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. 4. During the quarter, at the meeting Board of Directors of the Company held on April 10, 2024, Company has allotted 4,20,000 (Four Lakhs Seventy Thousand) Convertible Warrants (“Warrants”) into Equity Shares at an issue price of Rs. 1700/- (Rupees Seventeen Hundred only) each per Warrant aggregating up to Rs. 71,40,00,000/- (Rupees Seventy-One Crores Forty Lakhs only) for expansion project on a preferential basis to the Promotor and non-promoter category with a right to Warrant Holder to apply for and get allotted one equity share of face value of Rs. 10/- (Rupees Ten only) each per Warrant within a period of 18 months from the date of allotment. The Company has received Rs.178.50 Million being 25% of the total amount payable towards subscription of the warrants from all the allottees. 5. The new Code on Social Security, 2020 has been enacted, which would impact the contributions by the Company towards Provident Fund and Gratuity, the effective date from which the changes are applicable is yet to be notified and the rules are yet to be framed, The Company will complete its evaluation and will give appropriate impact in its financial results in the period in which, the Code becomes effective and the related rules are published. 6. As the Company operates in a single operating segment, it did not give rise to different operating segments in accordance with Ind AS 108 - Operating Segments. 7. The previous period numbers have been regrouped/re-cast & rearranged wherever necessary to confirm the current period presentation. 8. The above Unaudited Financial Results of the Company are available on Company's website www.venuspipes.com and also on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed. For and on behalf of the Board of Directors of Venus Pipes & Tubes Limited Mr. Arun Kothari Chairman & Managing Director (DIN: 00926613) Dhaneti, Bhuj July 25, 2024 Other Expenses 228320000.00 - Remeasurements of the defined benefit plans -200000.00 -200000.00 -50000.00 0.00