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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">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 Group has two primary business segment i.e. Iron &amp; Steel products and Waterways Logistics.      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 Group 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. In earlier years, the Group had decided to sell Derwant Sand SARL (‘Derwant’), a step-down subsidiary of the Company in Algeria and the assets and liabilities were classified as held for sale as at March 31, 2020. The sale could not be effected and subsequent to the quarter ended June 30, 2020, Derwant had filed for its liquidation which has been approved by the local authorities. Accordingly, the results of Derwant, included under discontinued operations in the consolidated statement of profit and loss for the period ended June 30, 2020, have been re-presented and included under income from continuing operations in accordance with Ind AS 105, which is also consistent with the presentation of results for the quarter and year ended March 31, 2021.      6. Step down subsidiary Jindal International FZC has been liquidated on April 13, 2021.      7. Previous quarter/periods figures have been regrouped/rearranged, wherever considered necessary to conform to current quarter classification.      8. 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       Place: New Delhi                                                                                                                                                             Sminu Jindal   Date: July 30, 2021                                                                                    Managing Director                                      DIN : 00005317</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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