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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above unaudited consolidated financial results of Lumax Industries Limited (  The Holding Company ) and its subsidiary ( together referred to as  the Group ) and its associate have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held today i.e. August 8, 2024.The Statutory auditor have carried out limited review of the above consolidated financial result of the Holding Company.            2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended. The said financial results represents the results of the Group and its associate which have been prepared in accordance with Ind AS 110  Consolidated Financial Statements  and IND AS 28  Investments in Associates and Joint Ventures .         3. The Group’s business activity falls within a single business segment i.e. manufacturing and trading of Automotive Components, accordingly there are no additional disclosures required to be furnished in accordance with Ind AS 108  Operating Segments  with respect to single reportable segment.         4.During the quarter, the Holding Company has opted for lower rate of corporate tax as per Section 115BAA. Consequent to this, the Holding Company has computed provision for tax in line with the said section.         5. The above financials results are available on the Company's website (www.lumaxworld.in/lumaxindustries) and also on the websites of NSE (www.nseindia.com) and BSE (www.bseindia.com).         6.The Group is evaluating the impact of amendments proposed through Finance Bill 2024 dated 23-07-2024 and impact thereof, if any, shall be considered once the same is enacted.         7.  The figures for the quarter ended March 31, 2024 is the balancing figures between the audited figures in respect of the full financial year ended on March 31, 2024 and the unaudited year to date figures upto the third quarter ended on December 31,2023.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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