JINDALSAW2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member JINDALSAW2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares JINDALSAW 2021-04-01 2022-03-31 2021-07-22 INR Crores First quarter Single segment Iron and steel products 2021-04-01 2021-06-30 Unaudited Standalone 24173800000.00 569700000.00 24743500000.00 14521900000.00 80900000.00 -1700600000.00 1877500000.00 970300000.00 877000000.00 5848700000.00 22475700000.00 2267800000.00 0.00 2267800000.00 861300000.00 -76500000.00 784800000.00 0.00 1483000000.00 0.00 0.00 0.00 0.00 1483000000.00 22400000.00 1505400000.00 0.00 0.00 639500000.00 2 4.66 4.66 0.00 0.00 4.66 4.66 Notes: 1. Jindal ITF Limited one of the subsidiaries of the company has won an arbitral award allowing various claims to the tune of Rs. 1,89,1.08 crores plus interest and applicable taxes. During the financial year 2019-20, the subsidiary had filed enforcement application under section 36 of Arbitration and Conciliation Act, 1996 for the execution of arbitral award being pronounced in favour of the subsidiary whereas the customer had preferred appeal under Section 34 of Arbitration and Conciliation Act, 1996 challenging the said arbitral award. Both the aforesaid cases are presently sub-judice before Hon’ble High Court of Delhi. During 2019-20 the subsidiary received Rs. 500 crores as per interim relief granted by Hon’ble high court against equivalent amount of Bank Guarantee furnished by the subsidiary in favour registrar of high court. Till date, the total accumulated amount received is Rs. 856.31 crores including Rs. 356.31 crores which was received during the financial year 2018-19. Based on the current status and the expert legal advice received, the company is expecting a favourable outcome which would cover all the investments, loans and advances and consequently no adjustments have been made to the financial statements. 2. The Company has one primary business segment i.e. Iron & Steel products on standalone basis. 3. The management has assessed the impact of COVID-19 pandemic on the financial statements, business operations, liquidity position and cash flow and has concluded that no material adjustments are required in the carrying amount of assets and liabilities as at June 30, 2021. The impact of the pandemic may be different from that estimated as at the date of approval of these financial statements and the Company will continue to closely monitor any material changes to future economic conditions. 4. The figures of the quarter ended March 31, 2021 are the balancing figures between the audited figures for the financial year ended March 31, 2021 and the published unaudited figures for the nine months ended December 31, 2020. 5. The domestic credit ratings for the Commercial Paper has been reaffirmed as CARE A1(+), by CARE ratings on June 08, 2021. The details of listed secured Commercial Paper is as follows: S. no. Particulars of Commercial Papers Previous Due Dates Next Due Dates Principal Interest Principal Interest Rs. Crores Rs. Crores 1. 5.50% CP (issued on 30.06.2021)* None None 200 24-12-2021 - - * Interest has been paid upfront. The Principal and Interest due on previous dates has been paid. The above Commercial Paper is secured by first pari-passu charge by way of hypothecation of finished goods, raw-materials, work-in-progress, stores and spares, book debts and second pari-passu charge in respect of movable and immovable property, plant and equipment of the Company. 6. Previous quarter/year figures have been regrouped/rearranged, wherever considered necessary to conform to current quarter and year ended classification. 7. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on July 30, 2021. By Order of the Board For JINDAL SAW LIMITED Other Expenses 5848700000.00