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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above financial results of the Company were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on August 02, 2023.      2. These financial results have been prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 (as amended).      3. As per IND AS 108 - Operating segments, the Company has two reportable segments namely Electrical Consumer Durables and Lighting &amp; Switchgear. The financial information for these segments are accompanying the financial results as per IND AS 108 - Operating Segments.      4. The figures for the quarter ended March 31, 2023 are the balancing figures between audited figures in respect of full financial year upto March 31, 2023 and unaudited published year to date figures upto December 31, 2022, being the date of the end of the third quarter of the financial year which were subjected to limited review.      5. During the quarter, the Company has alloted 580,321 equity shares of Rs 1/-each to eligible employee of the Company upon exercise of equal number of vested ESOPs under Orient Electric Employees Stock option scheme -2019.      6. During the previous year ended March 31, 2023, Board of Directors of the Company had accorded their in-principal approval for disposal of land parcel situated in Hyderabad, Telangana, total admeasuring 1,11,320 Sq. yards (hereinafter referred as “Land”) and accordingly the said land was classified as ‘Asset held for sale’. Subsequent to quarter ended June 30, 2023, the Company has sold the land on July 25, 2023 for a consideration of Rs 35.00 crores . Considering the same to be non-adjusting event as per Ind AS 10 “Events after the Reporting Period”, no adjustments are made in these financial results in this regard.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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