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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 25 January 2023. The statement of financial results for the quarter and nine months ended 31 December 2022 have been subjected to limited review by the Statutory Auditors of the Company.   2. The Company's main business is manufacture and servicing of Gears and Gear Products.There are no separate reportable segments as per Ind AS 108 - Operating Segments.   3. The Indian Parliament approved the Code on Social Security, 2020 (“Code”) relating to employee benefits during employment and post-employment benefits in September 2020 and the same has received Presidential assent. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company is in the process of assessing the impact of the Code and will record any related impact in the period the Code becomes effective.   4. The Company has entered into an agreement with Shreeji Metazine LLP for purchasing land and building at Sanand, Gujarat on 18th January 2023 inorder to meet the business requirements.   5. The above financial results are also available on our website www.shanthigears.com</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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