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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes:  n  n1. Jindal ITF Limited, the subsidiary of the Parent company had won an arbitral award allowing various claims to the tune of Rs 1,891.08 crores plus interest and applicable taxes. Till date, the subsidiary has received Rs 856.31 crores as interim relief against submission of bank guarantees to customer/court. Presently matter is sub judice before High Court of Delhi. Due to the Coronavirus pandemic, the matter could not be taken up for hearing in court during the nine months ended December 31, 2020 and the next date of hearing is scheduled for April 08, 2021.  n  nBased on the current status and the expert legal advice obtained, the Group is expecting a favourable outcome which would cover investments and loans and advances given to Jindal ITF. Accordingly, no adjustments is required in these financial results.  n  n2. The Group has two primary business segment i.e. Iron &amp; Steel products and Waterways Logistics.  n  n3. On March 11, 2020, the World Health Organisation characterised the outbreak of a strain of the new coronavirus (“COVID-19”) as a pandemic. The Group’s operations were impacted in the months of March and April 2020, following nationwide lockdown announced by the Government of India. The Government of India permitted production activities from and after April 20, 2020 in non-containment zones, subject to requisite approvals as required. The Group could secure the requisite approvals and has accordingly commenced operations and has gradually ramped up capacity utilisation since then.  n  nThe Group has taken into account the possible impact of COVID-19 in preparation of the unaudited consolidated financial results, including its assessment of recoverable value of its assets based on internal and external information and has concluded no material adjustments are required therein as on December 31, 2020. The Group will continue to closely monitor any material changes to future economic conditions.  n  n4. Tax expense is inclusive of prior period tax adjustments and impact of change in tax rate.  n  n5. Exceptional item for the quarter and nine months ended December 31, 2019 and year ended March 31, 2020 includes provision for impairment of investment and loan.  n  n6. Previous quarter/period/year figures have been regrouped/rearranged, wherever considered necessary to conform to current quarter/period classification.  n  n7. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 5, 2021. The Statutory Auditors have carried out limited review of the results for the quarter and nine months ended December 31, 2020.  n  n  n  n                                                                                                                       By Order of the Board  n                                                                                                                       For JINDAL SAW LIMITED</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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