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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. This statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 13 August 2021. The figures for the quarter ended 30 June 2021 have been subjected to limited review by the statutory auditors.      2. The figures for the quarter ended 31 March 2021 have not been subjected to review/audit by the statutory auditors. These are balancing figures between standalone audited financial statements for the financial year ended 31 March 2021 and year to date standalone unaudited figures of nine months ended 31 December 2020.       3. The Company operates in single segment viz. Coatings. Therefore, separate segment disclosures under the provisions of Ind AS 108 have not been given in respect of Standalone Financial Results for the quarter ended 30 June 2021.      4. The disruption created by the outbreak of Covid-19 pandemic has impacted the operations in previous year and current period. The Company has taken into account the relevant internal and external information in the preparation of its standalone financial results, including assessing recoverable value of its assets. However, given the evolving scenario and uncertainties with respect to its nature and duration, the impact may be different from estimates as on the date of approval of standalone financial results. The Company will continue to monitor any material changes to its future business and economic conditions.      5. Previous period figures have been regrouped/ reclassified, wherever necessary, to make them comparable to the current period figures.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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