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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.tThese financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter.  n2.tThe Company has adopted Ind AS 116  Leases  effective April 1, 2019 and applied the standard to its Leases using the modified retrospective approach. On transition, the adoption of new standard resulted in recognition of Right-of-Use asset of Rs. 2,657 lakhs and an equal amount of lease liability. The effect of this adoption is not material on profit and earnings per share for the quarter and Nine Month ended.  n3.tThe Company had made an Initial Public Offer ('IPO') during the Quarter ended 30 September, 2017, for 33,93,425 equity shares of Rs. 10 each, comprising of 3,39,750 fresh issue of equity shares by the Company and 30,53,675 equity shares offered for sale by share holders. The equity shares were issued at a price of Rs. 1,766 per share (including premium of Rs. 1,756 per share). Out of the total proceeds from the IPO of Rs. 59,928 Lakhs, the Company's share was Rs. 6,000 Lakhs from the fresh issue of 339,750 equity shares. Fresh equity shares were allotted by the Company on 14 September, 2017 and the shares of the Company were listed on the stock exchanges on 18 September, 2017.  nDetails of utilisation of IPO Proceeds are as follow  n t t t t t t t(rupees In Lakhs)  nParticularstObject of the Issue as per ProspectustTotal Utilization Up to Dec 31, 2019tAmount Pending Utilization  na.tRe-payment/pre-payment, in full or in part, of certain borrowings availed by the  Companyt2,200t2,200t-  nb.tSetting up a unit for manufacturing of LED TVs at the Tirupati (A.P)t758t758t-  nc.tFinance the enhancement of our backward integration capabilities in the lighting products vertical at  Dehradun Facilityt886t609t277  nd.tUpgradation of the information technology infrastructure of the Companyt1,063t864t199  ne.tGeneral corporate purposes (see note 'b' below)t805t805t-  n tSub-totalt5,712t5,236t476  nf.tIPO Expenses (see note 'b' below)t288t288t-  n tTotalt6,000tt  nNotes:  na.tThe company has deposited Rs. 476 Lakhs in schedule banks  as Fixed deposit.  nb.tEstimated IPO expenses reduced by Rs. 54 Lakhs and accordingly expense transferred to General Corporate Expenses.  n4.tThe above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on January 29, 2020. The Limited Review for the quarter/nine months ended 31 Dec, 2019, has been carried out by the Statutory Auditor, as required under Regulation 33 of SEBI (LODR) Regulation, 2015.  n5.tThe chief operating decision maker (CODM)  comprises the  Board of Directors &amp; Cheif financial officer and Cheif operating officer examines the Company’s performance on the basis of single operating segment Electronics Goods accordingly segment disclosue has not been made.  n6.tFigures of the previous periods have been regrouped /rearranged, wherever necessary</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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