MANGCHEFER2024-07-012024-09-30 MANGCHEFER2024-07-012024-09-30 MANGCHEFER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member MANGCHEFER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member MANGCHEFER2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530011 MANGCHEFER NOTLISTED Mangalore Chemicals & Fertilizers Limited Equity 2024-04-01 2025-03-31 2024-10-28 2024-10-21 INR Lakhs Half yearly 12:00:00 13:04:00 2024-10-28 2024-10-28 true Cash Flow Indirect Not applicable Single segment FERTILIZER 2024-07-01 2024-09-30 Unaudited Standalone 7763910000.00 53064000.00 7816974000.00 3614383000.00 152846000.00 795091000.00 177509000.00 204564000.00 192757000.00 2265294000.00 7402444000.00 414530000.00 0.00 414530000.00 150791000.00 -109000.00 150682000.00 0.00 263848000.00 0.00 0.00 0.00 0.00 263848000.00 -7587000.00 256261000.00 0.00 0.00 1185487000.00 10 2.23 2.23 0.00 0.00 2.23 2.23 Notes: 1. The unaudited financial results for the quarter ended September 30, 2024 and year to date from April 1, 2024 to September 30, 2024 of Mangalore Chemicals and Fertilizers Limited (“the Company”) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 28, 2024 and has been subjected to limited review by auditors. 2. The unaudited financial results have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013, read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. The Company is engaged in the manufacture, sale and trading of fertilisers which constitutes a single operating segment as per Ind AS 108 and hence separate segment disclosures have not been furnished. 4. The urea concession income for the period / year has been recognized based on the applicable extant policy guidelines, as per management estimate in line with known policy parameters, pending finalization by the Government of India (‘GOI’). The subsidy income for phosphatic and potassic fertilisers under Nutrient Based Subsidy Policy has been accounted in line with the applicable extant policy guidelines notified by GOI from time to time, pending finalization by GOI. 5. The Company had during the year ended March 31, 2021 recognised urea subsidy income of INR 2,914 Lakhs without benchmarking its cost of production using naphtha with that of gas-based urea manufacturing units recently converted to natural gas, as notified by the Department of Fertilizers [DoF] for subsidy income computation, against which the Company had filed a writ petition against the DoF before the Hon’ble High Court of Delhi [DHC]. Pending finalization of writ petition before the DHC, the management, based on legal opinion and considering the fact that the energy cost is always a pass through in subsidy computation, believes that artificial benchmarking is arbitrary and discriminatory and is confident of realisation of the aforesaid subsidy income. 6. The Board of Directors of the Company at its Meeting held on February 7, 2024, have, inter alia, approved a Composite Scheme of Arrangement amongst the Company, Paradeep Phosphates Limited (“Transferee Company” or “PPL”), under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the rules framed thereunder, subject to approval/consent/sanction from shareholders, creditors and other applicable regulatory authorities including Hon’ble National Company Law Tribunal. The Scheme provides for Amalgamation of the Company into the Transferee Company as a going concern with effect from the Appointed Date i.e. April 1, 2024. 7. The Company has resumed production in the last week of September 2024 after shutdown of the Ammonia and Urea plants in the first week of September 2024 for replacement of reformer catalyst. 8. Previous year / period’s figures have been regrouped / rearranged wherever considered necessary, to conform with current period’s classification. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 15904372000.00 117819000.00 16022191000.00 8348745000.00 547236000.00 32283000.00 369626000.00 456742000.00 382969000.00 4790530000.00 14928131000.00 1094060000.00 0.00 1094060000.00 310609000.00 80505000.00 391114000.00 0.00 702946000.00 0.00 0.00 0.00 0.00 702946000.00 -4382000.00 698564000.00 0.00 0.00 1185487000.00 10 5.93 5.93 0.00 0.00 5.93 5.93 Other Expenses 2265294000.00 Other Expenses 4790530000.00 10500525000.00 138581000.00 0.00 13984000.00 0.00 0.00 59046000.00 59046000.00 563832000.00 11275968000.00 2402958000.00 10000.00 2899294000.00 3027346000.00 380388000.00 0.00 570353000.00 6877391000.00 1638992000.00 10919341000.00 22195309000.00 1185487000.00 8732139000.00 9917626000.00 9917626000.00 2607441000.00 172617000.00 2780058000.00 129185000.00 1117777000.00 4027020000.00 5045571000.00 1251200000.00 1576141000.00 7872912000.00 168683000.00 125985000.00 83083000.00 8250663000.00 12277683000.00 22195309000.00 456742000.00 -717373000.00 3143288000.00 0.00 -147825000.00 0.00 0.00 12973000.00 0.00 -242152000.00 0.00 17813000.00 0.00 382969000.00 0.00 0.00 0.00 -85740000.00 0.00 2564000.00 0.00 112034000.00 0.00 252000.00 0.00 0.00 0.00 57257000.00 0.00 2768734000.00 3862794000.00 0.00 0.00 0.00 299526000.00 0.00 3563268000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 524000.00 514930000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76481000.00 0.00 108169000.00 0.00 -329756000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5283000.00 2547697000.00 0.00 22366000.00 0.00 435680000.00 0.00 0.00 -3000460000.00 233052000.00 0.00 233052000.00 2794294000.00 3027346000.00 -11662000.00 -6735000.00 -4075000.00 -2353000.00