HSCL2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentRevenue01Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentRevenue02Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentResults01Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentResults02Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentAssets01Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentAssets02Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentLiabilities01Member HSCL2021-06-30in-bse-fin:OneReportableSegmentLiabilities01Member HSCL2021-04-012021-06-30in-bse-fin:OneReportableSegmentLiabilities02Member HSCL2021-06-30in-bse-fin:OneReportableSegmentLiabilities02Member HSCL2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HSCL2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HSCL2021-04-012021-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares HSCL 2021-04-01 2022-03-31 2021-08-06 INR Crores First quarter Multi segment 2021-04-01 2021-06-30 Unaudited Consolidated 5397500000.00 13300000.00 5410800000.00 4644000000.00 0.00 -404400000.00 180000000.00 78900000.00 120200000.00 618700000.00 5237400000.00 173400000.00 0.00 173400000.00 32500000.00 -3600000.00 28900000.00 0.00 144500000.00 0.00 0.00 0.00 0.00 144500000.00 199700000.00 344200000.00 145100000.00 -600000.00 345000000.00 -800000.00 419000000.00 1 0.35 0.35 0.00 0.00 0.35 0.35 (1) The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 13 August 2021. A Limited Review of these consolidated financial results for the quarter ended 30 June 2021 has been carried out by the Statutory Auditors, as required under Regulation 33 of SEBI (LODR) Regulations, 2015. (2) Other expenses includes foreign exchange fluctuation loss (net) of Re 0.76 crore for the quarter ended 31 March 2021, and other income includes foreign exchange fluctuation gain (net) of Re 0.11 crores for the quarter ended 30 June 2021, Rs 1.26 crores for the quarter ended 30 June 2020 and Rs 5.21 crores for the year ended 31 March 2021, on consolidated basis. (3) Based on the guiding principles given in Ind AS 108 on 'Operating Segments', the Group's business activity falls within two operating segments, namely: (a) Carbon materials and chemicals, and (b) Power (4) The consolidated financial results are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated financial results as set out in Ind AS 110 'Consolidated Financial Statements' notified by Ministry of Corporate Affairs. The consolidated financial results of Himadri Speciality Chemical Limited (the Holding Company or the Parent), include its subsidiaries, namely AAT Global Limited and Shandong Dawn Himadri Chemical Industry Limited (the Holding Company or the Parent and its subsidiaries together referred to as the 'Group'), combined on a line-by-line basis by adding together the book values of like items of asset and liabilities, income and expenses eliminating intra-group balances and transactions and resulting unrealised gains/ (losses). The consolidated financial results are prepared applying uniform accounting policies on all material items. (5) The consolidated figures for the three months ended 31 March 2021 as reported in these consolidated financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date consolidated figures up to the end of the nine months of the relevant financial year. Also the cosolidated figures up to the third quarter had only been reviewed and not subjected to audit by the Statutory Auditors of the respective Company. (6) Section 115 BAA of the Income-tax Act, 1961, introduced by the Taxation Laws (Amendment) Act, 2019 gives a one-time irreversible option for payment of income-tax at reduced rate with effect from financial year commencing 1 April 2019 subject to certain conditions. The Holding Company has made an assessment of the impact of the above amendment and decided to continue with the existing tax structure until utilisation of accumulated Minimum Alternative Tax ('MAT'). However, the Holding Company has re-measured the deferred tax assets / liability that is expected to reverse on exercising the option on the future date as per Ind AS 12 'Income Taxes' and thus, reversal of net deferred tax liability of Rs 8 Crores has been recognised during the fourth quarter of the previous financial year. (7) The Group has considered the possible risk that may result from the pandemic relating to COVID-19 and expects to recover the carrying amount to all its assets including inventories, receivable, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external information available upto the date of approval of these consolidated financial results. The Group is continuously monitoring for any material changes in future economic conditions. (8) Earnings per share is not annualised for the quarter ended 30 June 2021, 31 March 2021, and 30 June 2020. Other expenses 618700000.00 (a) Carbon materials and chemicals 5364700000.00 (b) Power 232000000.00 5596700000.00 199200000.00 5397500000.00 (a) Carbon materials and chemicals 27800000.00 (b) Power 211200000.00 239000000.00 78900000.00 -13300000.00 Other unallocable expenses net of unallocable income includes other income, foreign exchange loss/ (gain) (net), and exceptional items fully unallocable Notes Contd: (9) The carbon black expansion project, which had started commercial production in the 4th quarter of 2019-20, was set up under an EPC contract executed by a related party, as approved by the Holding Company' Board of Directors and the shareholders. The Holding Company has subsequently received final additional claim of Rs 53.02 crores from the EPC contractor for enhancements/additional work which have not been considered in the books of account. Further, the Holding Company has issued final purchase/job orders amounting to Rs 22.32 crores to various third-party contractors for certain works, out of which Rs 14.83 crores have been paid and accounted for. Some of the directors, vide a letter in August 2020, had raised certain concerns to the audit committee of the Holding Company and the members of the Holding Company's Board regarding adherence to the due process, compliance with applicable laws relating to transactions with related parties etc., justification for the additional work awarded to the EPC contractor / third party contractors. The Holding Company's Board of Directors, in its meeting held on 22 October 2020, decided to appoint an independent engineering firm and a financial firm to conduct a technical reconciliation and financial reconciliation respectively for examining the justification of these additional claims and purchase/job orders. Subsequently, the Holding Company has received the final report of the independent engineering firm, dated 20 May 2021 as per which there is some overlap in the scope of the original EPC contract and new contracts awarded to the contractors. The findings of this report were discussed and taken on record by the Audit Committee of the Holding Company in its meeting held on 10 June 2021 and the Board of Directors of the Holding Company in its meetings held on 10 June and 22 June 2021. Another letter by the directors who had raised concerns earlier, has been received by the Audit Committee of the Holding Company and the Board on 10 June 2021 containing observations/ reservations on various matters relating to the project including findings of the independent engineering firm and the same were deliberated and discussed in Board meeting held on 10 June and 22 June 2021. Post receipt and consideration of the technical report, pursuant to its earlier decision of 22 October 2020, the Board of Directors, in its meeting held on 22 June 2021, has approved the appointment of an independent financial firm to carry out the financial reconciliation. Final accounting for these claims and the above purchase/job orders, would be after receipt of their report and then considering both the reports in tandem. The auditors have qualified their review report in this regard. (10) The figures of the corresponding previous periods/year have been regrouped/reclassified, wherever necessary, to conform to the classification for the quarter ended 30 June 2021. 173400000.00 (a) Carbon materials and chemicals 24983700000.00 (b) Power 507200000.00 25490900000.00 2536100000.00 28027000000.00 (a) Carbon materials and chemicals 1664000000.00 (b) Power 19100000.00 1683100000.00 8076400000.00 9759500000.00