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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes to the financial results:  nt  n1.This Statement has been reviewed by the Audit Committee and approved by the Board at their respective meetings held on 12th August, 2020. The Auditors of the Company have carried out a Limited Review of the above financial results for the quarter ended 30th June, 2020 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  nt  n2. The figures of quarter ended 31st March, 2020 are the balancing figures between the audited figures in respect of the full financial year ended 31st March, 2020 and the unaudited published year-to-date figures up to the third quarter ended 31st December, 2019 which were subject to limited review.   nt  n3. In line with the previous periods, the Company, in accordance with the applicable Ind AS, has recognized its Inventory on Net Realisable Value (NRV) basis to the extent applicable and has taken a further charge of Rs. 85 crores on the cost of inventory during the current quarter, thereby, impacting the profitability of the Company for the quarter ended 30th June, 2020.  nt  n4. Due to the outbreak of COVID-19 pandemic, the Government of India had declared a nation-wide lockdown on March 24, 2020 leading to temporary shut-down of the Company's manufacturing facilities and operations. After the relaxations announced progressively by the Central/State Governments, the Company, after obtaining permissions from appropriate government authorities, whereever required, commenced its manufacturing operations across all its plants in a phased manner during the month of April / May 2020, which impacted the production and sales volume for the quarter ended 30th June, 2020. As per Company’s present assessment, no material impact is expected due to COVID-19 on the carrying values of assets and liabilities as on 30th June, 2020 and the Company does not expect any impact of COVID-19 on its ability to continue as a going concern. The above evaluations are based on management's analysis after taking into consideration the internal and external information available up to the date of approval of these financial results, which are subject to uncertainties that COVID-19 outbreak might pose on economic recovery. The impact of the pandemic in the subsequent period is highly dependent on the situations as they evolve which is presently uncertain.  nt  n5. Figures for the previous periods have been regrouped/rearranged wherever necessary, to make them comparable with current period's classification.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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