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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes :                1. The consolidated financial results include the results of Gloster Limited (the  Holding Company ) and its wholly owned subsidiary companies namely Gloster Lifestyle Limited, Gloster Specialities Limited, Gloster Nuvo Limited, Fort Gloster Industries Limited and Network Industries Limited (the Holding and its subsidiaries hereinafter referred to as the  Group ).               2. The above consolidated financial results have been reviewed by the Audit Committee and were approved by the Board of Directors at their respective meetings held on 07th February, 2025.            3. The Statutory Auditors of the Holding Company have carried out a 'Limited Review' of the consolidated financial results for the quarter and nine months ended 31st December, 2024, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.            4. On a review of all the relevant aspects including, in particular, the system of internal financial reporting to the Board of Directors, which is the Chief Operating Decision Maker ('CODM') and considering the economic characteristics of the operations, the Group is of the view that it operates in two manufacturing segments 'Jute Goods' and 'Cables'. Cable business represents the operations of the subsidiary Company - Fort Gloster Industries Limited, which started its operations in the nine months ended 31st December, 2024.            5. The Hon’ble National Company Law Appellate Tribunal (NCLAT) vide Order dated 25th January 2024 has allowed the appeal of Gloster Cables Limited with respect to Trademark ‘Gloster’ (included in the total carrying value of Trademarks as at 31st December 2024 - Rs. 1,189.72 lakhs) of Fort Gloster Industries Limited, a subsidiary of the Holding Company. This Trademark was held to be an asset of the subsidiary, vide Order dated 27th September 2019 of NCLT Kolkata Bench. The Holding Company has filed an appeal against the aforesaid NCLAT order before the Hon’ble Supreme Court of India, and vide Order dated 7th March 2024, the Hon’ble Supreme Court of India has stayed the operation of Order dated 25th January 2024  of NCLAT.  Accordingly, no adjustments have been considered necessary in this regard.            6. The Board of Directors of the Holding company had at its meeting held on 13th November, 2024, approved the Scheme of amalgamation of Gloster Lifestyle Limited and Gloster Specialities Limited (‘Transferor Companies’) both wholly owned subsidiaries of the Holding Company with the Holding Company ('Transferee Company'), subject to necessary approvals.            By Order of the Board   HEMANT BANGUR   Executive Chairman      Place: Kolkata             Dated:  07th February, 2025</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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