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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The financial results of Dharmaj Crop Guard Limited (the Company) have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of regulation 33 of the SEBI (Listing Obligations and Disclosure requirements), 2015 as amended.      2. The above financial results as reviewed by the Audit Committee, were approved and taken on record by the Board of Directors in their meeting held on 31st July, 2023. The statutory auditor has carried out a limited review of this financial results &amp; expressed an unmodified review opinion.                            3. The Company is engaged in the business of manufacturing and dealing in pesticides including concessionaires of public health products for pest control, insecticides, herbicide, fertilizers and allied products related to research and technical formulations. As the Company's business activity falls within a single business segment and as such there is no separate reportable segment as per Ind AS 108 “Operation Segments .      4. The Company's business is seasonal in nature. Hence result and performance of every quarter can be impacted by weather conditions and cropping pattern.      5. Previous period figures have been re-grouped / re-classified wherever necessary, to conform to current period's classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021.      6. The financial results include the results for the quarter ended 30 June 2022 being the balancing figure between the unaudited year to date figures up to the third quarter i.e. the data for nine-month period up to 31 December 2022 and the unaudited figures for the quarter ended 30 September 2022 of the Previous financial year presented based on the information compiled by the management after making necessary adjustments to give a true and fair view of the results in accordance with IND AS, which have not been subjected to review by statutory auditors.      7. The Company has completed Initial Public Offer of 1,05,96,924 Equity Shares of the face value of Rs.10/- each at an issue price of Rs.237/- per Equity Share, comprising offer for sale of 14,83,000 shares by selling shareholders aggregating to Rs.351.47 Million and fresh issue of 91,13,924 shares aggregating to Rs.2159.45 Million. The Equity Shares of the Company were listed on 08th December, 2022 on BSE Limited and the National Stock Exchange of India Limited.      8. The Company has received a net amount of Rs. 2,014.39 Million (Net of offer expenses) from the proceeds out of fresh issue of Equity Shares.   Details of Utilisation of IPO Proceeds:                                                                                                                                                                    (Rs. In Million)   Objects of the issue Amount as proposed in Offer Documents Utilised Amount up to 30th June, 2023 Unutilised Amount as at 30th June, 2023   Capital Expenditure 1049.69 549.69 500.00   Repayments of Borrowings &amp; Working Capital 550.00 550.00 -   General Corporate purpose 414.70 414.70 -   Total 2014.39 1514.39 500.00   Unutilised amounts were temporarily invested in Fixed deposit with scheduled commercial banks.   9. The above is an extract of the detailed format of Quarterly Financial Result filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results is available on the Stock Exchange websites, www.bseindia.com/www.nseindia.com and website of the company www.dharmajcrop.com.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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