SOLARINDS2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member SOLARINDS2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member SOLARINDS2020-01-012020-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SOLARINDS2020-01-012020-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SOLARINDS2020-01-012020-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SOLARINDS2020-01-012020-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares SOLARINDS 2019-04-01 2020-03-31 2020-07-21 INR Crores Yearly Single segment Manufacturing of Explosives & Initiating Systems 2020-01-01 2020-03-31 Audited Standalone 3924500000.00 117100000.00 4041600000.00 2342500000.00 296200000.00 -66800000.00 244300000.00 22300000.00 89100000.00 524900000.00 3452500000.00 589100000.00 0.00 589100000.00 119400000.00 24900000.00 144300000.00 0.00 444800000.00 0.00 0.00 0.00 0.00 444800000.00 -4800000.00 440000000.00 0.00 0.00 181000000.00 2 4.92 4.92 0.00 0.00 4.92 4.92 1. The Audited Standalone Financial Results for the quarter and the year ended March 31, 2020 of SOLAR INDUSTRIES INDIA LIMITED (the Company ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on July 31, 2020. The Company confirms that its statutory auditors, have issued audit report with unmodified opinion on the respective standalone financial results for the quarter and year ended March 31, 2020.tttt n2. The Board has recommended a Final Dividend of Rs.6 per equity share i.e. 300 percent on the face value of Rs. 2 each for the Financial year 2019-20.ttttttt n3. The Company has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. tttttttt n4. The Company has adopted the option of lower tax rate as provided in the Taxation Law Amendment Ordinance, 2019 and consequent impacts on tax expense have been considered for the year ended March 31, 2020.tttttttt n5. Mr. Kailash Chandra Nuwal (DIN: 00374378), Executive Director and Vice Chairman of Solar Industries India Limited has vacated office of Director with effect from November 7, 2019 due to violation of Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). This has been intimated on 30 July, 2020 to Registrar of Companies, Mumbai and to the respective stock exchanges as per Regulation 30 (2) of SEBI LODR and any other applicable regulation thereof.t n6. The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. In many countries, businesses are being forced to cease or limit their operations for long or indefinite periods of time. Measures taken to contain the spread of the virus includes travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. COVID-19 is significantly impacting business operation of the companies in India. On March 24, 2020, the Government of India announced a nationwide lockdown for 21 days which got further extended multiple times to prevent community spread of COVID-19 resulting in significant reduction in economic activities. On the basis of guidelines issued by the government authorities, some of the Company’s products are categorised as essential goods and accordingly the Company has partially resumed its’ operations. The Company has made an assessment of the impact of the pandemic on its operations and the carrying value of current and non-current assets, based on the internal and external sources of information and indicators of economic forecasts. Based on such assessment, the Company is confident of recovering the carrying value of these assets as at March 31, 2020. The future impact of the global health pandemic may be different from that estimated as at the date of approval of this standalone financial results and the Company will continue to closely monitor any material changes to future economic conditions.tttt n7. The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the respective financial years. n8. Previous period figures have been regrouped, as considered necessary, to conform with current period presentation.tttttttt n9. As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com. Single segment 2019-04-01 2020-03-31 Audited Standalone 15115400000.00 353500000.00 15468900000.00 8721200000.00 1022700000.00 -139500000.00 941000000.00 121700000.00 339600000.00 1937800000.00 12944500000.00 2524400000.00 0.00 2524400000.00 575900000.00 -185500000.00 390400000.00 0.00 2134000000.00 0.00 0.00 0.00 0.00 2134000000.00 -6500000.00 2127500000.00 0.00 0.00 0.00 0 0.00 23.58 23.58 0.00 0.00 23.58 23.58 Other Expenses 524900000.00 Other Expenses 1937800000.00