DAAWAT2023-04-012023-06-30 DAAWAT2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member DAAWAT2023-06-30 DAAWAT2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DAAWAT2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532783 DAAWAT NOTLISTED LT Foods Limited Equity 2023-04-01 2024-03-31 2023-07-28 2023-07-21 INR Lakhs First quarter 09:00:00 11:50:00 2023-07-28 2023-07-28 Not applicable Single segment Rice Processing 2023-04-01 2023-06-30 Unaudited Consolidated 17780788000.00 107440000.00 17888228000.00 14867514000.00 709924000.00 -3731945000.00 1096010000.00 219593000.00 355528000.00 2702533000.00 16219157000.00 1669071000.00 0.00 1669071000.00 479956000.00 -42056000.00 437900000.00 0.00 1231171000.00 0.00 0.00 0.00 143265000.00 1374436000.00 44642000.00 1419078000.00 1419032000.00 46000.00 347253000.00 1 3.96 3.96 0.00 0.00 3.96 3.96 1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 as amended (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India. The standalone and consolidated financial results of the Company, will be available on the website of BSE (www.bseindia.com) or/and NSE (www.nseindia.com) and on the Company's website (www.ltgroup.in). 2. The Company and it's subsidiaries (the Group ) are primarily engaged in the business of manufacturing, trading and marketing of rice which is a single primary reportable segment as per Indian Accounting Standard Operating Segment ( IND AS 108 ) which is in line with review of operating results by chief operating decision maker. 3. The Group has Insurance claim recoverable (classified into non-current assets) amounting to Rs. 13,410.53 lakhs as at June 30, 2023. The claim is attributable to the loss of raw material, incurred by the Group, due to major fire which had occurred in the work premises of the Subsidiary Company in India in FY 2014-15. The Group had recognized the insurance claim recoverable (asset) amounting to Rs. 17,810.88 lakhs in FY 2014-15, based on management’s assessment of loss amount and positive outcome in the surveyors’ reports then appointed by the Insurance Agency. Later on, the Insurance Agency repudiated the insurance claim vide its order dated February 4, 2016, against which the Subsidiary Company had filed a civil suit with District Court of Raisen, Bhopal, the outcome of which is pending. On the basis of developments in the case including the surveyor’s report (subsequent to reports submitted by surveyors appointed by the Insurance Agency during the initial phase and which were the basis for the Group to recognize such asset), the Group had written off claim amounting to Rs. 4,400 lakhs in FY 2015-16. The Group, based on management's assessment of facts of the case and opinion obtained from the external legal counsels, has concluded that it holds merits and good probability to win the case, as the claim has irregularly been repudiated. 4. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors on July 28, 2023. 5. Pursuant to the provisions of Section 91 of the Companies Act, 2013, the Board of Directors at their meeting held on July 28, 2023 recommended a final dividend of Re. 0.50 per equity share, making a total dividend of Re 1.00 per equity share for the financial year 2022-23, including interim dividend of Re. 0.50 per equity share declared earlier during the financial year 2022-23. The Final Dividend is subject to the approval of the shareholders in the upcoming Annual General Meeting. In the meeting, the Board of Directors also declared an interim dividend of Re. 0.50 per equity share. The Company shall be required to deduct tax at Source (TDS) at the time of making the payment of dividend. Other Expenses 2702533000.00 Items that will not be reclassified to profit and loss -5348000.00 -5348000.00 -1346000.00 Items that will be reclassified to profit and loss 77809000.00 77809000.00 29165000.00