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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above results were reviewed by the Audit Committee and have been  approved by the Board of Directors at their  meeting held on January 29, 2022. The Statutory auditors have conducted a limited review of the above unaudited financial results and have expressed an unmodified report on the same.      2.Based on guiding principles given in Ind AS 108  Operating Segments , the Company's business activity falls within a single operating segment namely,  Footwear and Related Products , hence, the disclosure requirements relating to  Operating Segments  as per  Ind AS 108 are not applicable.      3. During the quarter, 4,83,945 Equity Shares of face value of Re. 1/- each were allotted to the employees under Employee Stock Option Plan 2014.      4. During the quarter, additional capacity of 1.5 Lacs pair per day of footwear  has been commissioned  at unit located in Bhiwadi Rajasthan , taking the total capacity across all categories and Plants to 10 Lacs pair per day of footwear.      5. The Company has applied practical expedient as per amendment to Ind AS 116 “Leases” on COVID-19 related rent concessions and recognised  gain of  INR 0.62 crore and INR 5.61 crores respectively in other income for the quarter and nine months ended December 31, 2021 (INR 1.72 crores and INR 8.71 crores respectively for the quarter and nine months ended December 31, 2020).      6. The Company has done  assessment  of recoverability  and carrying values  of its assets  comprising  of   receivables, inventories, plant and equipment, intangible assets  and  on the basis  of  assessment, the Company  expects to recover the carrying amount of these assets. The Company will continue to closely monitor any material changes to future economic conditions  due to  uncertainties  linked to COVID -19.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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