WELSPUNIND2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member WELSPUNIND2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares WELSPUNIND 2021-04-01 2022-03-31 2022-01-28 INR Lakhs Third quarter Single segment Home Textiles 2021-10-01 2021-12-31 Unaudited Standalone 15936600000.00 245500000.00 16182100000.00 8822300000.00 670600000.00 -252200000.00 1378200000.00 256500000.00 697200000.00 3792400000.00 15365000000.00 817100000.00 0.00 817100000.00 232100000.00 24500000.00 256600000.00 0.00 560500000.00 0.00 0.00 0.00 0.00 560500000.00 -1500000.00 559000000.00 0.00 0.00 988100000.00 1 0.57 0.57 0.00 0.00 0.57 0.57 1) The above standalone financial results for the quarter and nine months ended on December 31, 2021 were reviewed by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on February 3, 2022. These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 2) The Company has adopted measures to curb the spread of infection of COVID-19 in order to protect the health of its employees and ensure business continuity with minimal disruption including remote working, maintaining social distancing, sanitization of work spaces etc. The Company’s operations, revenue and consequently profit during the period were impacted due to COVID-19. The Company has considered the possible effects that may result from outbreak of COVID-19 in the preparation of this financial results including the recoverability of carrying amounts of financial and non-financial assets and liquidity assessment based on future cash flow projections and also actualised excess liabilities / provisions. In building the assumptions relating to the possible uncertainties in the global economic conditions as at the date of approval of these financial results, the Company has used internal and external sources of information and expects that the carrying amount of the assets will be recovered. The impact of the global health pandemic may be different from that estimated as at the date of approval of these financial results. 3) The Company had made an offer for buy-back of fully paid-up equity shares of Re, 1 each of the Company, not exceeding 1,66,66,666 equity shares (representing approximately 1.66% of the total number of equity shares in the issued, subscribed and paid up equity capital) at a price of Rs. 120 per equity share, not exceeding Rs. 20,000 lacs on a proportionate basis by way of tender offer in accordance with the provisions of Companies Act, 2013 and SEBI (Buy-Back of Securities) Regulations, 2018. The tendering period for the buyback offer opened on June 22, 2021 and closed on July 05, 2021. Total 1,66,66,666 equity shares were bought back at a price of Rs.120 per equity share and total amount utilised in buy-back was Rs. 20,000 lacs. The settlement of bids by the Clearing Corporation on the stock exchange was completed on July 14, 2021. Accordingly, the equity share capital was reduced by Rs.167 lacs and the premium on buy-back of Rs.19,833 lacs was adjusted against Securities premium account. 4) During the current year, the Company has made grants of 3,300,000 stock options ( ESOPs ) under Welspun India Limited Employee Stock Option Scheme ( WELSOP 2005 ) representing an equal number of equity shares of face value of Re. 1 each in the Company, at an exercise price of Rs. 133.45 to certain employees of the Company and certain employees / non-independent directors of the subsidiaries. The ESOPs so granted, shall vest on four anniversaries beginning from July 31, 2022, the first vesting date, in instalments of 20%, 20%, 30% and 30% respectively. The options vested under each of the slabs can be exercised within a period of three years from the respective vesting date. Accordingly, the Company has recorded employee benefit expense of Rs. 80 Lacs, Rs. 46 lacs and Rs. 126 lacs during the quarter ended December 31, 2021, the quarter ended September 30, 2021 and the nine month ended December 31, 2021 respectively. 5) The Company publishes this standalone financial result along with the consolidated financial results. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the statement of unaudited consolidated financial results. Single segment 2021-04-01 2021-12-31 Unaudited Standalone 51063700000.00 612300000.00 51676000000.00 27159000000.00 2725800000.00 -1205800000.00 4268400000.00 697900000.00 2057800000.00 10696000000.00 46399100000.00 5276900000.00 0.00 5276900000.00 1697600000.00 69100000.00 1766700000.00 0.00 3510200000.00 0.00 0.00 0.00 0.00 3510200000.00 14600000.00 3524800000.00 0.00 0.00 988100000.00 1 3.53 3.53 0.00 0.00 3.53 3.53 Other Expenses 3792400000.00 Other Expenses 10696000000.00