VALUEIND2023-10-012023-12-31 VALUEIND2023-10-012023-12-31 VALUEIND2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member VALUEIND2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member VALUEIND2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500945 VALUEIND NOTLISTED Value Industries Limited Equity 2023-04-01 2024-03-31 2024-08-08 2024-08-05 INR Millions Third quarter 19:30:00 20:35:00 2024-08-08 2024-08-08 Not applicable Single segment Electronic equipments 2023-10-01 2023-12-31 Unaudited Standalone 0.00 0.00 0.00 23000.00 0.00 0.00 1926000.00 595937000.00 43549000.00 4394000.00 645829000.00 -645829000.00 0.00 -645829000.00 0.00 0.00 0.00 0.00 -645829000.00 0.00 0.00 0.00 0.00 -645829000.00 0.00 -645829000.00 0.00 0.00 391857000.00 10 0.00 0.00 -16.48 -16.48 -16.48 -16.48 0.00 0.00 0.00 CRITICAL NOTES FORMING PART OF THE FINANCIAL RESULTS Note 1 The Company operates in one reportable business segment i.e. Consumer electronics and components/parts thereof . Note 2 Pursuant to an application filed before the Hon’ble National Company Law Tribunal, Mumbai (“NCLT” / “Adjudicating Authority”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC” / “the Code”) against Value Industries Limited (“Corporate Debtor”) / “the Company”), the Adjudicating Authority had admitted the application for the initiation of the corporate insolvency resolution process (“CIRP”) of the Corporate Debtor vide an order dated September 5, 2018 and appointed Mr. Dushyant Dave as the insolvency resolution professional. Thereafter, separate applications were filed by State Bank of India (on behalf of all the financial creditors) and Mr. Venugopal Dhoot (one of the promoters of the Videocon group) for the consolidation of the Corporate Debtor along with other group companies. The Adjudicating Authority, vide its order dated August 8, 2019, allowed State Bank of India’s application by, inter alia, (i) allowing the consolidation of the CIRP of the Corporate Debtor with that of 12 other Videocon group companies namely, Videocon Industries Limited, Videocon Telecommunications Limited, Evans Fraser & Co. (India) Limited, Millennium Appliances India Limited, Applicomp (India) Limited, Electroworld Digital Solutions Limited, Techno Kart India Limited, Century Appliances Limited, Techno Electronics Limited, PE Electronics Limited, CE India Limited and Sky Appliances Limited; collectively referred to as the Corporate Debtors / “Videocon Group Entities” and (ii) appointing Mr. Mahender Khandelwal as the insolvency resolution professional for the Videocon Group Entities. Subsequently, the first meeting of the Consolidated Committee of Creditors of the Corporate Debtors (CoC) was held on September 16, 2019. At the first meeting of the CoC, the CoC approved the name of Mr. Abhijit Guhathakurta as the Resolution Professional for the Videocon Group Entities, including the Corporate Debtor in place of Mr. Mahender Khandelwal. Mr. Abhijit Guhathakurta’s appointment as the Resolution Professional of the Videocon Group Entities ( Resolution Professional / RP ) was approved by the Adjudicating Authority vide its order dated September 25, 2019. A copy of the said order of the Adjudicating Authority was made available to the Resolution Professional on September 27, 2019 when the same was uploaded on the website of the Adjudicating Authority. On and from the date of publication of the aforesaid order, the powers of the board of directors of the Corporate Debtor stand vested in the Resolution Professional. Thereafter, CoC had approved the resolution plan submitted by Twin Star Technologies Limited (the “Resolution Plan”), by passing the requisite resolution with 95.09% majority/voting share in accordance with the provisions of Section 30(4) of the Code. The said Resolution Plan, as approved by the CoC, had been filed with the NCLT in accordance with the Section 30(6) of the Code for its approval on December 15, 2020. Further, NCLT vide order dated June 08, 2021 (“Approval Order”), approved the resolution plan submitted by Twin Star Technologies Limited (“Approved Plan”)……………. complete notes could not be reproduced due to number of characters constraint. The same is available in the scanned copy submitted via quick results. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 5640000.00 520000.00 6160000.00 7360000.00 0.00 0.00 25260000.00 1713240000.00 130650000.00 16780000.00 1893290000.00 -1887130000.00 0.00 -1887130000.00 0.00 0.00 0.00 0.00 -1887130000.00 0.00 0.00 0.00 0.00 -1887130000.00 0.00 -1887130000.00 0.00 0.00 391857000.00 10 0.00 0.00 -48.16 -48.16 -48.16 -48.16 0.00 0.00 0.00 Other Expenses 4394000.00 Other Expenses 16780000.00 0.00 0.00 0.00 0.00