5328302022-07-012022-09-305328302022-09-305328302022-03-315328302022-04-012022-09-305328302022-07-012022-09-30in-bse-fin:OtherExpenses1Member5328302022-04-012022-09-30in-bse-fin:OtherExpenses1Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments1Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments2Member5328302022-04-012022-09-30in-bse-fin:ReportableSegments1Member5328302022-04-012022-09-30in-bse-fin:ReportableSegments2Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments1Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments2Member5328302022-04-012022-09-30in-bse-fin:ReportableSegments1Member5328302022-04-012022-09-30in-bse-fin:ReportableSegments2Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments1Member5328302022-09-30in-bse-fin:ReportableSegments1Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments2Member5328302022-09-30in-bse-fin:ReportableSegments2Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments1Member5328302022-09-30in-bse-fin:ReportableSegments1Member5328302022-07-012022-09-30in-bse-fin:ReportableSegments2Member5328302022-09-30in-bse-fin:ReportableSegments2Member5328302022-07-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15328302022-04-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares532830ASTRALNOTLISTEDINE006I01046Astral LimitedEquity2022-04-012023-03-312022-11-112022-11-01INRMillionsHalf yearlyMulti segment2022-11-1114:00:002022-11-1115:30:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedConsolidated11716000000135000000118510000008100000000158000000-810000007620000001400000004480000001337000000108640000009870000000987000000263000000-2200000024100000007460000004000000040000000750000000-74000000676000000704000000420000006450000003100000020100000013.53.5003.53.5Notes: <BR> <BR> 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of Holding Company in their meeting held on November 11, 2022 and reviewed by the Statutory Auditors of the Holding company. <BR> <BR> 2. Pursuant to meeting of Board of Directors dated September 15, 2022, The Holding company has executed Share Purchase Agreement to acquire additional 15% of equity shares of its Subsidiary Company named Seal IT Services Limited, UK from its existing shareholders at a consideration of GBP 5.25 million (equivalent INR approximately Rs. 481 million). Post acquisition, the equity ownership of Holding Company is increase from existing 80% to 95%. Such acquision has been accounted for in the Quarter and Half year ended September 30, <BR> 2022 in accordance with Ind AS 110 - Consolidated Financial Statements. <BR> <BR> 3. The Scheme of Amalgamation of Resinova Chemie Limited, Subsidiary and Astral Bio-Chem Private Limited, wholly owned subsidiary with the Holding Company, was approved by the Hon'ble National Company Law Tribunal ("NCLT") Ahmedabad Bench vide its Order dated September 5, 2022 with appointed date April 1, 2021. The certified copy of the Order along with certified copy of the Scheme was filed by the respective companies, with the Registrar of Companies on September 6, 2022 ("Effective Date"). The effect of this merger is not <BR> material and is recorded in the Quarter and Half year ended September 30, 2022 in accordance with Ind AS 103 Business Combinations. <BR> <BR> 4. The Holding Company has entered into definitive agreements with Gem Paints Private Limited (hereafter known as Gem Paints) and its shareholders to acquire 51% controlling stake in its Operating Paint Business w.e.f. April 1, 2022. Presently, the Holding Company has subscribed to optionally convertible debentures, allowing the Holding Company to appoint majority of the directors on board of Gem Paints Private Limited for a consideration of Rs. 1,940 million. Basis the above, Gem Paints has become subsidiary of the Holding Company. Gem Paints is engaged into the business of manufacturing and supply of various types of paints, varnishes, coatings, products <BR> related to home decor, industrial paints. <BR> <BR> Under the definitive agreements, the operating paint business of Gem Paints is proposed to be demerged to a subsidiary of Gem Paints, wherein the Holding Company will acquire 51% controlling stake. Presently, the scheme of arrangement for demerger is filed for regulatory approvals. <BR> <BR> The Group has accounted the above acquisition as per Ind AS 103, Business Combinations and consideration has been allocated on provisional fair value of acquired assets and liabilities. <BR> <BR> The non-operating business of Gem Paints including its subsidiaries and associates, in terms of Ind AS 105, has been classified as assets held for sale and liabilities associated with asset held for sale. Accordingly, net profit generated from non-operating business of Gem Paints is Rs. 27 million presented as Profit from discontinued operations in the above results. <BR> <BR> The financial results including segment information for the current quarter and half year includes financial information of Gem Paints including its subsidiaries and associates and hence, not comparable to the previous reported periods. <BR> <BR> 5. The Board of Directors have approved a payment of interim dividend of Rs. 1.25 per share. (Face value of Re.1/- each). <BR> <BR> 6. During the year ended March 31, 2022, one of the amalgamated Indian Subsidiary had fire in the storage section of factory premises, damaging Inventories and Property, Plant and Equipment (PPE). As per the best estimate of the management, the said Subsidiary Company had recognised insurance claim receivable amounting to Rs. 102 million to the extent of corresponding loss of inventories and PPE amounting to Rs. 102 million which were charged off in profit and loss statement under the head 'Exceptional Items'. <BR> <BR> 7. Tax expenses includes current tax and deferred tax. <BR> <BR> 8. The figures for the previous periods have been regrouped / reclassified wherever necessary to confirm with the current period's classification.2022-04-012022-09-30UnauditedConsolidated238450000002490000002409400000016750000000257000000-4790000001530000000273000000881000000264100000021853000000224100000002241000000592000000-35000000557000000016840000002700000002700000001711000000-129000000158200000015930000009100000014900000009200000020100000017.917.91007.917.91Other Expenses1337000000Other Expenses264100000013933000000856000000027690000002078000000000000224000000224000000470000002300000002013700000088070000000317800000035690000001023000000300000040500000081780000003490000008140000001814800000014240000000397090000002010000002406000000024261000000177400000026035000000380000000056000000436000000420000004120000000089000000047200000078700000002506000000108480000004390000003100000069000000011387000000139700000001367400000039709000000Plumbing8361000000Paints and Adhesives3355000000Plumbing17122000000Paints and Adhesives672300000011716000000238450000001171600000023845000000Plumbing838000000Paints and Adhesives236000000Plumbing1815000000Paints and Adhesives55200000010740000002367000000140000000273000000-53000000-1470000009870000002241000000Plumbing20827000000Paints and Adhesives1263100000033458000000625100000039709000000Plumbing7400000000Paints and Adhesives16040000009004000000467000000013674000000(i). 'Plastic segment' has been renamed to 'Plumbing' as it includes Pipes, Water Tank, Faucets and Sanitaryware; and 'Adhesives segment' has been renamed to "Paints and Adhesives'. <BR> <BR> (ii). Main Business Segment are 'Plumbing' & 'Paints and Adhesives'. The assets and liabilities that cannot be allocated between the segments are shown as unallocated assets and liabilities. With reference to Note No. 3, Cash and cash equivalent and other bank balances of the Holding Company are disclosed as 'Unallocated' Assets as at September 30, 2022.273000000-965000000-358000000000000-670000000008810000000000000400000006000000000-5800000000-3280000001913000000000765000000011480000000000000080000001560000000000000000000000000290000000-1073000000-259600000004810000000000004400000035700000003400000035200000024900000000-1429000000-28770000000-28770000006446000000356900000000Items that will be reclassified to Profit and Loss-74000000-74000000Items that will be reclassified to Profit and Loss-129000000-12900000000