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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1)tFinancial results have been reviewed by Audit Committee and approved by Board of Directors in their respective meetings held on 9th February, 2021 and have been reviewed  by the Statutory Auditors of the Company. The Statutory Auditors have expressed an unmodified conclusion on the aforesaid results.  n  n2)tThe above Standalone financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under.  n  n  n3)tThe Company has considered the possible effects that may result from COVID-19 in the preparation of these financial results including the recoverability of carrying amounts of financial and non-financial assets. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of COVID-19, the Company has, at the date of approval of the financial results, used internal and external sources of information and expects that the carrying amount of the assets will be recovered. The impact of COVID-19 on the Company's financial results may differ from that estimated as at the date of approval of the same.  n  n4)tOperations at our Hydro Power Plant at Tawa are seasonal in nature. The plant generally remains closed in the 1st quarter, starts operating in the 2nd quarter, peaks in the 3rd quarter before tapering down in the last quarter.  n  n5)tThe Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits has been approved by Indian parliament. The draft rules have been released on November 13, 2020 and suggestions have been invited from stakeholders which are under consideration by the Ministry. The impact of the change will be assessed and accounted in the period in which said code becomes effective and related rules are published.  n  n6)tThe figures of the previous period have been reclassified/regrouped wherever considered necessary to make them comparable with current period classification.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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