VENUSPIPES2023-04-012023-06-30 VENUSPIPES2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member VENUSPIPES2023-06-30 VENUSPIPES2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543528 VENUSPIPES NOTLISTED Venus Pipes & Tubes Limited Equity 2023-04-01 2024-03-31 2023-08-03 2023-07-27 INR Millions First quarter 17:00:00 18:30:00 2023-08-03 2023-08-03 Not applicable Single segment Manufacturing 2023-04-01 2023-06-30 Unaudited Standalone 1796120000.00 5550000.00 1801670000.00 1440000000.00 0.00 -55020000.00 39970000.00 33100000.00 13940000.00 95390000.00 1567380000.00 234290000.00 0.00 234290000.00 51490000.00 8740000.00 60230000.00 0.00 174060000.00 0.00 0.00 0.00 0.00 174060000.00 10000.00 174070000.00 0.00 0.00 202960000.00 10 8.58 8.58 0.00 0.00 8.58 8.58 Notes to Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2023 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2023 (“Unaudited Standalone Financial Results ) of the Company has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on Aug 03, 2023 and have been subjected to limited review by the Statutory Auditors of the Company. 2. The figure for the quarter ended March 31, 2023 are balancing figures between the figures for the audited financial year and year to date unaudited figures up to the third quarter of the respective financial year. 3. These financial results have been prepared in accordance with Indian Accounting Standard (Ind-AS) as prescribed under section 133 of Companies Act 2013 read with rule 3 of the Companies ( Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. 4. The Company has completed its Initial Public Offering (IPO) 0f 5,074,100 equity shares of face value of Rs.10/- each for cash at an issue price of Rs 326/- per equity share aggregating to Rs. 1654.16 Million, having fresh issue of 5,074,100 equity shares. The equity shares of the Company were listed on BSE Limited and National Stock Exchange of India Limited on May 24, 2022. The utilisation of IPO proceeds is summarised below: (Rs in mn) Sr. No. Item Heads Projected utilization of proceeds as per the offer document Amount Utilized up to 30th June 2023 Total unutilized amount as on 30th June 2023 1. Financing the project cost towards capacity expansion and backward integration for manufacturing of Hollow Pipes 1079.45 993.28 86.17 2. To meet the long term working capital requirements 250.00 250.00 - 3. General corporate purposes 149.46 149.46 - 4. Issue Expenses 175.24 175.24 - Total* 1654.16 1567.98 86.17 *INR 1567.98 Million has been utilised as on 30th June 2023, and the balance amount is still lying in the bank account. 5. The new Code on Social Security, 2020 has been enacted, which would impact the contributions by the Company towards Provident Fund and Gratuity, the effective date from which the changes are applicable is yet to be notified and the rules are yet to be framed, The Company will complete its evaluation and will give appropriate impact in its financial results in the period in which, the Code becomes effective and the related rules are published. 6. As the Company operates in a single operating segment, it did not give rise to different operating segments in accordance with Ind AS 108 - Operating Segments. 7. The previous period numbers have been regrouped/re-cast & rearranged wherever necessary to confirm the current period presentation. 8. The above Unaudited Financial Results of the Company are available on Company's website www.venuspipes.com and also on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed. Other expenses 95390000.00 - Remeasurements of the defined benefit plans 10000.00 10000.00 0.00 0.00