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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The Financial Results of the company for the quarter and nine months ended 31st December, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th &amp; 11th February, 2020 and the Limited Review of the same has been carried out by the Auditors.   n2.These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.   n3.The Company was earlier reporting the segment results seperately for Iron &amp; Steel Business and Captive Power Generation. The management has during current year reviewed the reportable segment, as per Para 12 of Ind As 108 w.e.f 01.04.2019 and accordingly results of captive power generation business has been combined into one reportable segment of Iron &amp; Steel, as the entire electric power generated by the Company is for captive use into  Iron &amp; Steel  business.  n4.The Government of India, on 20.09.2019, vide the Taxation Law(Amendment) ordinace, 2019 inserted a new section 115 BAA in the income tax Act, 1961, which provides an option to the Company for paying income tax at reduced rates as per the provisions/conditions defined in the said section. The Company is in the process of evaluating the impact of this ordinance. Accordingly, the tax provision for the current quarter and period ending 31st December, 2019 have been worked out without considering the provisions of the said section.  n5.The previous year/period have been regrouped/rearranged wherever found necessary.  n6.The above results are also available on www.godawaripowerispat.com, www.bseindia.com and www.nseindia.com.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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