5001842022-04-012022-06-305001842022-06-305001842022-04-012022-06-30in-bse-fin:OtherExpenses1Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments1Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments2Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments1Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments2Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments1Member5001842022-06-30in-bse-fin:ReportableSegments1Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments2Member5001842022-06-30in-bse-fin:ReportableSegments2Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments1Member5001842022-06-30in-bse-fin:ReportableSegments1Member5001842022-04-012022-06-30in-bse-fin:ReportableSegments2Member5001842022-06-30in-bse-fin:ReportableSegments2Member5001842022-04-012022-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001842022-04-012022-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRiso4217:INRxbrli:shares500184HSCLNAINE019C01026Himadri Speciality Chemical LtdEquity2022-04-012023-03-312022-08-112022-08-03INRCroresFirst quarterMulti segment2022-08-1114:30:002022-08-1119:10:00Not applicable2022-04-012022-06-30UnauditedConsolidated1046640000015600000104820000008017300000029290000022950000012650000012610000012107000001000300000047900000004790000008420000092000009340000003856000000000385600000-158900000226700000386000000-400000226700000041930000010.920.92000.920.92(1) The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 11 August 2022. A Limited Review of these consolidated financial results for the quarter ended 30 June 2022 has been carried out by the Statutory Auditors, as required under Regulation 33 of SEBI (LODR) Regulations, 2015. <BR> <BR> (2) Other expenses includes foreign exchange fluctuation loss (net) of Rs 13.63 crores for the quarter ended 30 June 2022, Rs 6.07 crores for the quarter ended 31 March 2022 and Rs 6.81 crores for the year ended 31 March 2022, and other income includes foreign exchange fluctuation gain (net) of Re 0.11 crore for the quarter ended 30 June 2021, on consolidated basis. <BR> <BR> (3) Based on the guiding principles given in Ind AS 108 on 'Operating Segments', the Group's business activity falls within two operating segments, namely: <BR> (a) Carbon materials and chemicals, and <BR> (b) Power <BR> <BR> (4) The consolidated financial results are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated financial results as set out in Ind AS 110 'Consolidated Financial Statements' notified by Ministry of Corporate Affairs. The consolidated financial results of Himadri Speciality Chemical Limited (the Holding Company or the Parent), include its subsidiaries, namely AAT Global Limited and Shandong Dawn Himadri Chemical Industry Limited (the Holding Company or the Parent and its subsidiaries together referred to as the 'Group'), combined on a line-by-line basis by adding together the book values of like items of asset and liabilities, income and expenses eliminating intra-group balances and transactions and resulting unrealised gains/ (losses). The consolidated financial results are prepared applying uniform accounting policies on all material items. <BR> <BR> (5) The consolidated figures for the three months ended 31 March 2022 as reported in these consolidated financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date consolidated figures up to the end of the nine months of the relevant financial year. Also the cosolidated figures up to the third quarter had only been reviewed and not subjected to audit by the Statutory Auditors of the respective Company. <BR> <BR> (6) The Group has considered the possible risk that may result from the pandemic relating to COVID-19 and expects to recover the carrying amount to all its assets including inventories, receivable, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external information available upto the date of approval of these consolidated financial results. The Group is continuously monitoring for any material changes in future economic conditions. <BR> <BR> (7) Earnings per share is not annualised for the quarter ended 30 June 2022, 31 March 2022 and 30 June 2021. <BR> <BR> (8) During the previous year, the Holding Company had received multiple emails from National Stock Exchange of India Ltd (NSE) and Securities and Exchange Board (SEBI) of India seeking clarification from the Holding Company regarding a complaint filed by one of the Independent Director of the Holding Company alleging certain irregularities relating to the EPC contract executed by a related party, insider trading provisions, compliance with laws and regulations relating to related party transactions, etc. There is no regulatory action from NSE and SEBI yet in this regard. The management is of the view that, as detailed response had been submitted to NSE and SEBI, this will not have any significant impact on the financial results of the current or previous periods of the Holding Company. <BR> Subsequent to the quarter ended 30 June 2022, the Independent Director who had earlier raised concerns relating to the above mentioned EPC contract, have written back to the Holding Company and other relevant authorities (including NSE, SEBI etc.), that he has satisfactorily received necessary responses to all the queries / concerns raised over the past period and therefore have withdrawn their complaints and they do not wish to pursue the same any further. The management believes that with the withdrawal of complaint as well as providing adequate responses to the authorities, no further action is currently needed and is of the view that the above matters will not have any additional significant impact on the financial results of the Holding Company. <BR> <BR> (9) The Board of the Holding Company, at its meeting held on 8 July 2022, took on record that the promoters of the Holding Company entered into the Family Settlement Agreement. Pursuant to the family settlement agreement, the Holding Company entered into a non-compete agreement at a consideration of Rs 30 crores with the outgoing promoters. Accordingly, necessary accounting impact of the same will be given effect in the subsequent quarter. <BR> <BR> (10) The figures of the corresponding previous periods/year have been regrouped/reclassified, wherever necessary, to conform to the classification for the current quarter ended 30 June 2022.Other expenses1210700000(a) Carbon materials and chemicals10414200000(b) Power2696000001068380000021740000010466400000(a) Carbon materials and chemicals486100000(b) Power240100000726200000126500000120700000479000000(a) Carbon materials and chemicals29669300000(b) Power118630000030855600000262220000033477800000(a) Carbon materials and chemicals3720700000(b) Power3500000037557000001083870000014594400000Other unallocable expenses net of unallocable income includes other income, foreign exchange loss/ (gain) (net) fully unallocableRemeasurements of the net defined benefit plan-500000Net other comprehensive income not to be reclassified subsequently to profit or loss-208600000-209100000-48400000-1800000