5432332022-04-012022-06-305432332022-04-012022-06-30in-bse-fin:OtherExpenses1Member5432332022-04-012022-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares543233CHEMCONNOTLISTEDINE03YM01018Chemcon Speciality Chemicals LimitedEquity2022-04-012023-03-312022-08-082022-08-01INRLakhsFirst quarterSingle segmentSpecialty Chemicals2022-08-0815:00:002022-08-0815:30:00Not applicable2022-04-012022-06-30UnauditedStandalone894114000268183009209323004557663000-73721500564304001643800192585001201061005794836003414487000341448700864404004316008687200002545767000000254576700-2062002543705002543705000366307000106.956.95006.956.95Notes : <BR> <BR> 1. These Financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards ("Ind AS") prescribed under section 133 of the Companies Act, 2013 and read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. <BR> 2. The above results have been reviewed by Audit Committee and the Board of Directors have approved the above results at their meeting held on August 8, 2022 and have been subject to a limited review by the statutory auditors of the Company. <BR> <BR> 3. The Company is in the business of manufacturing of Specialty Chemicals for Pharmaceutical and Oilfield Chemicals (Completion Fluids) industries. There is only one reportable segment in accordance with Ind AS 108 - Operating Segments. <BR> <BR> 4. The Company has offered through the Initial Public Offer (IPO) 93,52,941 Equity Shares having face value of Rs. 10/- each at an issue price of Rs. 340/- per Equity Share, comprising offer for sale of 45,00,000 equity shares by Selling Shareholders and fresh issue of 48,52,941 equity shares. These equity shares were allotted on September 29, 2020 and were listed on October 1, 2020 on BSE Limited and National Stock Exchange of India Limited. <BR> <BR> 5. The utilisation of the net IPO proceeds is summarised below: <BR> Funding Capital expenditure towards expansion of Manufacturing Facility- As per objects: Rs. 4,103.30, Revised Cost Rs. 4,103.30, utilisation till 30-June-22: Rs.4,103.30 and Unutilised amounts as on 30-June-22: Rs. 0.00 <BR> <BR> Funding Incremental working capital requirement- As per objects: Rs. 9,000.00, Revised Cost Rs. 9,000.00, utilisation till 30-June-22: Rs.9,000.00 and Unutilised amounts as on 30-June-22: Rs. 0.00 <BR> <BR> Funding General corporate purposes* - As per objects: Rs. 1,875.50, Revised Cost Rs. 1,924.68, utilisation till 30-June-22: Rs. 1,584.10 and Unutilised amounts as on 30-June-22: Rs. 347.50 <BR> <BR> * The revision in General corporate purposes expenses is on account of reduction in offer expenses on actual booking as compared to estimated. <BR> IPO Proceeds which were unutilised as at 30-June-22 were temporarily invested in deposits with scheduled commercial bank. <BR> <BR> 6. The figures for the corresponding previous periods have been regrouped wherever considered necessary to conform to the figures represented in the current period. <BR> <BR> 7. The figures of 3 months ended March 31, 2022 are the balancing figures between the audited figures in respect of full financial year and year to date figures up to December 31, 2021. <BR> <BR> 8. The Board of Directors at its meeting held on August 8, 2022, have declared for the year 2022-23, an interim dividend of Rs. 4 per equity share of Rs. 10 each. <BR> <BR> 9. Pursuant to the issuance of notice dated September 9, 2021 by Gujarat Pollution Control Board (GPCB) directing closure of operations of manufacturing plant situated at Manjusar, Vadodara under Environmental (Protection) Act for the violations of the Hazardous & Other Waste (Management & Transboundary Movement) Rules- 2016 with immediate effect, the operations of the company were closed from September 11, 2021 to October 22, 2021. Subsequently, upon application for revocation made by the Company, GPCB vide its revocation order dated October 22, 2021, granted temporary revocation of closure directions issued to the company for three months’ and in May 19, 2022, GPCB has given permanent revocation of closure order issued to the company. <BR> <BR> 10. The above Financial Results of the Company are available on the Company's website www.cscpl.com and also on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed. Other Expenses120106100Re-Measurement of Gain(/Loss) - Gratuity-275600-275600-694000