5063902022-07-012022-09-305063902022-09-305063902022-03-315063902022-04-012022-09-305063902022-07-012022-09-30in-bse-fin:OtherExpenses10Member5063902022-04-012022-09-30in-bse-fin:OtherExpenses10Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments1Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments2Member5063902022-04-012022-09-30in-bse-fin:ReportableSegments1Member5063902022-04-012022-09-30in-bse-fin:ReportableSegments2Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments1Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments2Member5063902022-04-012022-09-30in-bse-fin:ReportableSegments1Member5063902022-04-012022-09-30in-bse-fin:ReportableSegments2Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments1Member5063902022-09-30in-bse-fin:ReportableSegments1Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments2Member5063902022-09-30in-bse-fin:ReportableSegments2Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments1Member5063902022-09-30in-bse-fin:ReportableSegments1Member5063902022-07-012022-09-30in-bse-fin:ReportableSegments2Member5063902022-09-30in-bse-fin:ReportableSegments2Member5063902022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15063902022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares506390CLNINDIANOTLISTEDINE492A01029Heubach Colorants India LimitedEquity2022-04-012023-03-312022-11-092022-10-17INRLakhsHalf yearlyMulti segment2022-11-0914:30:002022-11-0916:20:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone18841000001740000019015000001051000000184100000-63900000178400000800000517000003922000001794300000107200000-6320000044000000123300000-20000001213000000-773000000000-77300000-200000-775000000023080000010-3.35-3.3500-3.35-3.351) The above results have been reviewed by the Audit Committee and approved by the Board of Directors on its meeting held on November 09, 2022. In terms of SEBI Circular CIR/CFD/CMD56/2016 dated May 27, 2016, the Company hereby declares that the Auditors have issued Limited Review Report with unmodified opinion on unaudited results for the quarter and six months ended September 30, 2022. <BR> 2) This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. <BR> 3) The Company has recorded tax expense Rs. 940 Lakhs and interest thereon Rs.632 aggregating to Rs.1,572 Lakhs in respect of AY 2012-13 against the demand raised vide assessment order dated November 09, 2017 consequent to Mutual Agreement Procedure (MAP) resolution agreed between Indian and Singapore competent authorities in accordance with rule 44G(6) of the Income Tax Rules, 1962. This case is primarily related to transfer pricing adjustment arising from international transactions with Associated Enterprise Clariant (Singapore) Pte Ltd. The Company had deposited Rs.1,832 lakhs under protest with Income Tax Authorities in earlier years. The tax expenses and interest thereon have been disclosed under Tax expense of prior years and Exceptional item respectively for the quarter and six month period ended September 30, 2022 <BR> 4) Write back of tax expenses during the quarter and year ended March 31, 2022 relates to the provision no longer required in respect of the settlement of tax litigations of earlier years. <BR> 5) Pursuant to the Agreement for Sale of Assets effective from February 28, 2021, Property, Plant and Equipment including leasehold improvements, furniture and fixtures and equipments of the Company situated at Reliable Tech Park, Airoli Office has been transferred to Clariant India Limited, a related party of the Company. The sale was subsequently concluded in June 30, 2021 quarter for Rs.2,355 Lakhs, as a result, the Company has recognised profit on sale of these assets in other income of Rs.573 lakhs in the quarter ended June 30, 2021 and year ended March 31, 2022. <BR> 6) The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contribution by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in the financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published. <BR> 7) The Company has received a demand notice of Rs. 92.41 lakhs, Rs. 306.07 lakhs and Rs. 923.70 lakhs including interest of Rs. 3.55 lakhs, Rs. 11.77 lakhs and Rs. 34.90 lakhs respectively against alleged short deduction of TDS on the dividend payments made to then parent companies during the quarter ended December 31, 2021, September 30, 2021 and year ended March 31, 2021 respectively. <BR> 8) The Board, at their meeting held on April 22, 2022, based on recommendation of the Nomination & Remuneration Committee and subject to approval of shareholders through Postal Ballot, appointed Mr. Bharath R. Sesha as the Managing Director; Mr. Ravi Kapoor as a Non-Executive Director, acting as the Chairman of the Company; and Mr. Abhijit Naik as the Whole Time Director of the Company, effective from April 23, 2022. Moreover, consequent to acquisition of the Company by S K Capital and Heubach Group, Mr. Alfred Muench, Mr. Thomas Wenger and Mr. Sanjay Ghadge, Non-Executive Directors of the Company, being Clariant’s representatives, have resigned from Directorship of the Company effective form April 23, 2022. <BR> 9) The figures for the previous periods have been regrouped/recasted wherever necessary, to conform to the current period's classification. 2022-04-012022-09-30UnauditedStandalone4085000000457000004130700000207540000037070000016460000033990000016000001034000008208000003876400000254300000-63200000191100000165000000-6000000159000000032100000000032100000-4000003170000000230800000101.391.39001.391.39Other Expenses392200000Other Expenses820800000139810000074200000110000089400000000000140000043900000453000000528300000213640000012778000000149100000035100000050700000140000049000001899000000062470000038015000000059379000002308000003939400000417020000041702000000000575000007530000000132800000300000126480000017640000014415000001690000066200000110300000016349000000017677000005937900000Plastic and Coatings1772200000Speciality Chemicals111900000Plastic and Coatings3881300000Speciality Chemicals2037000001884100000408500000018841000004085000000Plastic and Coatings91500000Speciality Chemicals16800000Plastic and Coatings225600000Speciality Chemicals301000001083000002557000008000001600000300000-200000107200000254300000Plastic and Coatings5064900000Speciality Chemicals4250000051074000008305000005937900000Plastic and Coatings1566900000Speciality Chemicals15200000158210000018560000017677000001600000218900000200500000039900000-1360000005000000-4316000000-330000001034000000-91000005600000-193000000-930000001000000-10000000061900000014590000033700000000059800000027720000000000000400000874000000000000000000000001000000932000006300000000000000001700000000-100000-1800000281700000028170000069300000351000000Remeasurement of defined business plan-continuing operation-300000-300000Remeasurement of defined business plan-continuing operation-500000-500000-100000-100000