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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">2 The standalone and consolidated financial results of Finolex Industries Limited (the 'Holding Company') and its associates for the quarter and nine months ended December 31, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 6, 2025 and a limited review of the same has been carried out by the statutory auditor of the Holding Company.                     3 These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS') 34, 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).                     4 The Holding Company has investment in two associates, Finolex Plasson Industries Private Limited and Pawas Port Limited. The Holding Company, using equity method as prescribed under Ind AS 28, ‘Investment in Associates and Joint Ventures’, duly consolidates its 46.35% equity stake in Finolex Plasson Industries Private Limited and 49.99% equity stake in Pawas Port Limited.                     5 Exceptional item pertains to the net gain amounting Rs. 416.99 crore recorded by the Holding Company on completion of transfer of rights on leasehold land admeasuring approximately 25.27 acres situated at Chinchwad, Pune, along with structures.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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