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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The Unaudited Standalone Financial Results for the quarter ended June 30, 2023 of SOLAR INDUSTRIES INDIA LIMITED (the  Company ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on  August 3, 2023. The Statutory Auditors of the Company have carried out a limited review of the aforesaid results. 2. These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS”) 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 3.The Company has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. 4.Commercial Papers amounting to rupees 50 Crores due for redemption during quarter ended June 30, 2023, were duly repaid. 5.During the quarter ended June 30, 2023, the Company has partially redeemed 50 debentures of Rs. 10,00,000/- each amounting to Rs. 5 crore on the due date and made an interest payment amounting to Rs. 1.14 Crore at a coupon rate of 8.20 percent per annum. 6. Formulae for the computation of ratios are given in Annexure A. 7.Previous period figures have been regrouped, as considered necessary, to confIrm with current period presentation. 8. As per Regulation 46(2) of the SEBI (Listing Obligations &amp; Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com.Annexure A is not included in notes due to limitation of characters in xbrl notes of stock exchange. However the company has attached the same in pdf.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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