TIDEWATER2024-04-012024-06-30 TIDEWATER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member TIDEWATER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member TIDEWATER2024-06-30 TIDEWATER2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TIDEWATER2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 590005 TIDEWATER NOTLISTED Tide Water Oil Company (India) Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-07-30 INR Crores First quarter 14:00:00 21:00:00 2024-08-13 2024-08-13 Not applicable Single segment LUBRICANTS 2024-04-01 2024-06-30 Unaudited Consolidated 4788700000.00 78200000.00 4866900000.00 2632000000.00 382300000.00 -187100000.00 308200000.00 6800000.00 51100000.00 1239300000.00 4432600000.00 434300000.00 0.00 434300000.00 124100000.00 3600000.00 127700000.00 0.00 306600000.00 0.00 0.00 0.00 64500000.00 371100000.00 -1900000.00 369200000.00 0.00 0.00 0.00 0.00 34000000.00 2 21.84 21.84 0.00 0.00 21.84 21.84 Notes 1. The Unaudited Consolidated Financial Results for the quarter ended 30th June, 2024 have been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The same were reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meeting held on 13th August, 2024. The Statutory Auditors have carried out a Limited Review of the Unaudited Consolidated Financial Results. 2. The Unaudited Consolidated Financial Results include financial results / financial information of Tide Water Oil Co. (India) Limited (Holding Company) and its wholly owned subsidiaries - Veedol International Limited, Veedol International DMCC, Veedol Deutschland GmbH and Veedol UK Limited (including its step-down subsidiary Granville Oil & Chemicals Limited) and of its joint venture company viz. Eneos Tide Water Lubricants India Private Limited. 3. As the Group's business activity falls within a single reportable operating segment viz., Lubricants , no separate segment information is disclosed. 4. In case of Veedol UK Limited, a wholly owned subsidiary of the Company, inadvertently, land was getting depreciated in the past. Aforesaid prior period error had been corrected during the quarter ended 31st March, 2024 by adjusting the opening balance of retained earnings for the earliest period presented. Accordingly, opening balance of Other Equity as at 1st April, 2022 was increased by Rs. 0.71 Crores, with corresponding impact in opening balance of Property, Plant and Equipment as at 1st April, 2022, and Depreciation and Amortisation Expense has been reduced for the Quarter ended 30th June, 2023 by Rs. 0.02 Crores. Consequently, Earnings per Equity Share for the Quarter ended 30th June, 2023 has also been restated. The aforesaid prior period error does not have material impact on these Unaudited Consolidated Financial Results. 5. The Board of Directors, in its meeting of 18th May, 2024, decided to dissolve Veedol Deutschland GmbH (VDG), a wholly owned subsidiary of the Holding Company, having its operations in European Union, with effect from 1st September, 2024, which is subject to compliances/clearances as per applicable laws and regulations. However, the Group shall continue with the existing business, in European Union, of the aforesaid subsidiary. Financial results of VDG are not significant to the Unaudited Consolidated Financial Results for the quarter ended 30th June, 2024. 6. Other Income for the quarter ended 30th June, 2024 includes Rs. 2.19 crores being profit on sale of 18 flats at Silvassa in the books of Holding Company, which were classified under Assets held for sale. 7. The Board of Directors of the Holding company, vide its resolution dated 23rd July 2024, has resolved to change the name of the Holding Company from Tide Water Oil Co. (India) Limited to Veedol Corporation Limited. Such change of name is subject to the approval of the shareholders and other statutory authorities. 8. Figures for the quarter ended 31st March, 2024 represent the difference between the audited figures in respect of the full financial year ended 31st March, 2024 and the published / reviewed figures for the nine months ended 31st December, 2023. Franchisee Fees 626000000.00 Others 613300000.00 Items that will not be reclassified to profit or loss -3900000.00 -3900000.00 -1000000.00 Items that will be reclassified to profit or loss 1000000.00 1000000.00 0.00