5243242022-04-012022-06-305243242022-06-305243242022-04-012022-06-30in-bse-fin:OtherExpenses1Member5243242022-04-012022-06-30in-bse-fin:ReportableSegments1Member5243242022-04-012022-06-30in-bse-fin:ReportableSegments1Member5243242022-04-012022-06-30in-bse-fin:ReportableSegments1Member5243242022-06-30in-bse-fin:ReportableSegments1Member5243242022-04-012022-06-30in-bse-fin:ReportableSegments1Member5243242022-06-30in-bse-fin:ReportableSegments1Memberiso4217:INRiso4217:INRxbrli:shares524324SEYAINDNOTLISTEDINE573R01012SEYA INDUSTRIES LTDEquity2022-04-012023-03-312022-11-142022-11-07INRLakhsFirst quarterGeographical2022-11-1413:30:002022-11-1419:30:00Not applicable2022-04-012022-06-30UnauditedStandalone176960000225564001995164001112615000-38212700147462001152004468750063670700196268400324800003248000-31087000-310870006356700000063567000635670000265705400100.2390.239000.2390.239Pursuant to: (i) Company’s Update dated August 13 & August 20, 2021; (ii) Ongoing matters at various Judicial forums(ie. Interim Orders passed by the Hon’ble NCLAT and subsequent directions given by Hon’ble Supreme Court, in the appeal filed by the Promoter) and (iii) The Directors being in Control as charge has not been taken-over by the Interim Resolution Professional(IRP) appointed by Hon’ble NCLT; the management of the Company, on basis of legal advice, has prepared and is submitting these financial results under obligation of the Company as per requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <BR> <BR> The above financial results for the Quarter ended June 30, 2022 have been reviewed by the Audit Committee in their meeting and approved by the Board of Directors in their meeting held on November 14, 2022 and are as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The said results have been prepared in accordance with Indian Accounting Standards(Ind AS) prescribed under section 133 of the Companies Act, 2013, read with the relevant rules and provisions of Companies Rules, 2015 and Companies Act, 2013(as amended from time to time). The financial results and other financial information pertaining to each of the quarters have not been audited by the statutory auditors. However, the management has exercised necessary due diligence to ensure that the standalone unaudited financial results provide a true and fair view of the Company's affairs.     <BR> <BR> The Company has only one reportable segment namely 'Speciality Chemical Intermediates'. <BR> <BR> The Operations of the Company had been severely impacted materially due to Covid-19 pandemic and Russia-Ukraine war. However, the Company continued to incur committed expenditure with respect to its Employees, Plant & Other related expenditures. This has significantly impacted Company’s profitability. The Management has considered the possible effects resulting from these situations in relation to the period under review. The same however are not affecting continuing operations. In developing such assumptions and estimates relating to the uncertainties for the period under review in relation to the recoverable amounts and carrying value of the assets, the management has used internal and external sources of information to the extent determined by it. The Management has taken several actions like reduction in unit operating costs and increasing liquidity by making its operations more efficient and nimbler, putting on hold discretionary expenses, deferring certain capital expenditures, etc. <BR> <BR> Due to ongoing dispute with the certain lenders in relation to their failure to comply with committed lending obligations and outstanding, the Company has not provided for interest costs on certain loans outstanding, amounting to INR 495.38 Lacs in respect of Operating Assets and INR 1425.44 Lacs in respect of Project Assets, for the Quarter ended Jun 30, 2022. The Company continues to believe in the merits of the litigation, however, there continues to remain material uncertainties in relation to the outcome of the said litigations. <BR> <BR> Prior period/year figures have been regrouped/rearranged/re-classified wherever considered necessary for comparision purpose and as per present period classificationOther Expenses63670700Speciality Chemical Intermediates1769600001769600000176960000Speciality Chemical Intermediates3363200336320011520003248000Speciality Chemical Intermediates0000Speciality Chemical Intermediates000000