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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1 The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 January 2022 and have undergone Limited Review by the statutory auditors of the Company   2 The above results have been prepared in accordance with the Indian Accounting Standards Ind AS as notified under the Companies Indian Accounting Standards Rules 2015 as amended specified under section 133 of the Companies Act 2013   3 Pursuant to the Scheme of Amalgamation Scheme for merger of Kajaria Tiles Private Limited with the Company, as approved by the National Company Law Tribunal Chandigarh through its order dated 26 November 2021 Kajaria Tiles Private Limited a wholly owned subsidiary has been merged with the Company wef 1 April 2019  Accordingly the Company had accounted for the merger under the pooling of interest method retrospectively for all periods presented as prescribed in IND AS 103  Business Combinations of entities under common control The comparative numbers have been accordingly restated The impact of the merger on these results has been provided in attachment   4 The  Board has approved investments by the Company upto Rs 210 crores in Kajaria Ultima Pvt Ltd KUPL so as to make KUPL as a wholly owned subsidiary WoS and to setup a slab manufacturing facility having production capacity of 5 MSM pa in the state of Gujarat   5 The  Board has considered that Kajaria Bathware Pvt Ltd KBPL a wholly owned subsidiary WoS is to invest upto to Rs 80 crores in Kerovit Global Pvt Ltd KGPL to make KGPL as a WoS of KBPL and to set up a sanitaryware manufacturing facility having production capacity of 7 lacs pcs p.a. in the state of Gujarat   6 During the quarter ended on 31 December 2021 the Company has passed a special resolution through Postal Ballot as required under the provisions of Section 185 of the Companies Act 2013 to provide loans upto Rs 275 crores to its subsidiaries except wholly-owned subsidiaries In view of the management, considering that the Company has now obtained the necessary approval of the shareholders by way of special resolution, the consequential impact if any of the aforementioned matter is not expected to be material to these financial statements   7 The Companys business falls within a single business segment in terms of the Indian Accounting Standards 108 Operating Segments and hence no additional disclosures are being furnished</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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