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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The Company operates in single reportable segment namely 'Engines'.  n  n2. The above statement has 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 recognised accounting practices and policies to the extent applicable.  n  n3. The Board of Directors in its meeting held on 30th July 2020, had given its consent to invest in Rights Issue for equity shares of Arka Fincap Limited (formerly known as Kirloskar Capital Limited - wholly owned subsidiary), upto Rs. 124.82 Crs. During the quarter ended  September 2020,  the Company had invested Rs.45.39 Crs  at Rs 4/- per share toward application money (including share premium of Rs 1 per share)  and  in January 2021, the Company has further invested Rs.34.04 Crs. at Rs 3/- per share towards 1st Call Money.  n  n4. Exceptional item comprises profit on sale of property situated at MIDC Industrial Estate, Nagapur, Ahmednagar, Maharashtra.   n  n5. COVID-19 has impacted normal business operations of the Company. While there have been a series of measures for unlocking the economy since June'20, the complete restoration of normal business conditions is still dependent on the future state of the pandemic on the people and economy and any future directives from the Government. The Management has taken into account the possible impact of COVID-19 in preparation of the financial results, including assessment of recoverability of its assets based on the internal and external information upto the date of approval of these results. The Company will continue to closely monitor any material changes arising in future economic conditions and impact on its business.  nConsequently ,the figures for the quarter and nine months ended 31 December, 2020 may not be directly comparable with those of the corresponding previous periods.  n  n6. Figures for the previous periods have been regrouped wherever required to make them comparable with those of the current period.  n  n7.The above results for the quarter and nine months ended 31 December 2020 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 5 February 2021 and have been subjected to a  Limited Review  by the Statutory Auditors.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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