KRITI2023-04-012023-06-30 KRITI2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member KRITI2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 526423 KRITI NOTLISTED Kriti Industries (India) Limited Equity 2023-04-01 2024-03-31 2023-07-22 2023-07-15 INR Lakhs First quarter 13:15:00 16:00:00 2023-07-22 2023-07-22 Not applicable Single segment Plastics 2023-04-01 2023-06-30 Unaudited Consolidated 2795531000.00 6607000.00 2802138000.00 2133141000.00 0.00 171041000.00 83497000.00 47288000.00 28375000.00 232985000.00 2696327000.00 105811000.00 0.00 105811000.00 392000.00 27178000.00 27570000.00 0.00 78241000.00 0.00 0.00 0.00 371000.00 78612000.00 53000.00 78665000.00 0.00 0.00 0.00 0.00 49604000.00 1 1.58 1.58 0.00 0.00 1.58 1.58 Notes 1) The above results have been reviewed by the Audit Committee in it's meeting held on 22nd July, 2023 and taken on record by the Board of Directors in its meeting held on 22nd July, 2023 . 2) The consolidated financial statements include result of (a) that of the wholly owned subsidiary (WOS) Kriti Auto and Engineering Plastics Pvt. Ltd and (b) Associate Company viz.FP Elite Energy Private Limited, in which the Company has purchased 34.78% shares of its paid-up equity share capital . 3) The above financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as amended, prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder. 4) Kriti Auto and Engineering Plastics Private Limited (KAEPPL) is not material subsidiary as operations of KAEPPL have been discontinued. The financial statements of KAEPPL have not been prepared on going concern basis in accordance with Ind AS 105. 5) The company has purchased 788141 shares of Rs 10 each of Rs 78,81,410 during previous financial year. The company has recognized its share in the profit /loss of Associate Company as Share in Net Profit /(Loss) of Associate in consolidated Financials. 6) A fire broke out at the Pithampur (M.P.) Plant, on 28th April, 2022. Due to robust safety measures adopted by the Company, the situation was brought under control without any casualties, but stock and other assets valued at Rs 19.25 crores were damaged. These items were adequately insured and the Company has filed necessary insurance claim which is under process. Accordingly, the company has not estimated any loss on this account. The company’s manufacturing operations were impacted due to the fire incident during peak business season and therefore inventory were carried forward which could not be liquidated as per plan. Further sharp fall in polymer prices in the global market and extended rains have impacted stock valuations and have affected company’s profitability during the first half. Now December onwards, PVC prices have stabilized and the company's performance has improved in the current quarter. 7) The Group has only one Business Segment – Plastics as per Ind AS 108 Operating Segments. 8) The figures for quarter ended 31st March2023 are balancing figures between the audited figure of year ended 31st March 2023 and the figure reviewed for nine month ended 31st December 2022. 9) The statutory auditors have expressed an unmodified audit opinion. For KRITI INDUSTRIES (INDIA) LIMITED Place :- Indore (SHIV SINGH MEHTA) Date:- 22nd July, 2023 Chairman & Managing Director DIN 00023523 Other Expenses 232985000.00 -53000.00 0.00