ICIL2023-04-012023-06-30 ICIL2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member ICIL2023-06-30 ICIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ICIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member ICIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ICIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 521016 ICIL NOTLISTED Indo Count Industries Limited Equity 2023-04-01 2024-03-31 2023-08-07 2023-07-31 INR Crores First quarter 15:00:00 19:00:00 2023-08-07 2023-08-07 Not applicable Single segment Textiles 2023-04-01 2023-06-30 Unaudited Standalone 6757700000.00 60000000.00 6817700000.00 3917500000.00 30000000.00 -1289400000.00 618400000.00 137900000.00 164400000.00 2331600000.00 5910400000.00 907300000.00 0.00 907300000.00 204600000.00 30600000.00 235200000.00 0.00 672100000.00 0.00 0.00 0.00 0.00 672100000.00 108700000.00 780800000.00 0.00 0.00 396100000.00 2 3.39 3.39 0.00 0.00 3.39 3.39 0.00 0.00 0.00 1. The above results of Indo Count Industries Limited were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 7, 2023. The Statutory Auditors of the Company have conducted a Limited Review of the above Standalone Financial Results for the Quarter ended June 30, 2023. 2. The above results of the Company have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting ( Ind AS 34 ), prescribed under Section 133 of the Companies Act, 2013, and the other accounting principles generally accepted in India. 3. i) The Company had acquired Home Textile Business of GHCL Limited ( GHCL ) including its manufacturing facility at Bhilad (Vapi), Gujarat, on a going concern basis, by way of a slump sale, on April 2, 2022 in accordance with the terms of Business Transfer Agreement ( BTA ) dated December 6, 2021 as amended. The asset price allocation was done on the basis of final valuation report provided by the Registered Valuer. (ii) The Hon’ble National Company Law Tribunal (NCLT), Mumbai bench vide its order dated October 3, 2022 approved the scheme of amalgamation of Pranavaditya Spinning Mills Limited (Transferor Company) with Indo Count Industries Limited (the Company) under section 230-232 of the Companies Act, 2013. Thereafter, the certified copy of the said order was filed with Registrar of Companies and the effective date of the amalgamation is October 20, 2022 while the Appointed Date for the amalgamation is October 1, 2020. To give effect of the approved Scheme, the Company in the previous year had, inter alia, accounted for: a) Amalgamation of PSML, a Subsidiary under common control, using 'the pooling of interest method', as per (Ind AS 103 – Business Combination). b) elimination of Inter-Company transactions, including cancellation of 1,43,41,280 (nos.) Equity Shares of face value of Rs. 10 each held by the Company in PSML. Accordingly, the Standalone Results were restated from the beginning of the preceding period presented i.e. April 1. 2021. In view of the above, the figures of Quarter ended June 30, 2022 have been restated from appointed date. Further, pursuant to the scheme, in the previous year, 6,54,670 Equity Shares of the Company having face value of Rs. 2/- each were allotted to the shareholders of Transferor Company, in the swap ratio of 2:15, and the listing and trading permission for the same was received. The relevant impact was given while computing EPS of the prior periods covered under the Financial Result. 4.The Company is primarily engaged in the activity of manufacture of textile products. Information is reported to and evaluated regularly by the Chief Operating Decision Maker (CODM) for the purpose of resource allocation and assessing performance, focuses on the business as a whole and accordingly, there is a single reportable segment in the context of the Operating Segment defined under lnd AS 108. 5. The figures for the Quarter ended March 31, 2023 are balancing figures between the audited figures in respect of the full Financial Years ended on March 31, 2023 and the unaudited published year to date figures upto 3rd Quarter ended on December 31, 2022, which were subjected to limited review by the respective Statutory Auditors. 6.In line with the requirements of Regulation 47(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the results are available on the Stock Exchanges website at (www.bseindia.com and www.nseindia.com) and on the Company's website at www.indocount.com. Other Expenses 2331600000.00 Remeasurement of Defined Benefit Plans -2400000.00 Tax on Net Defined benefit Plans 600000.00 -1800000.00 0.00 Remeasurement of Net Change in Forex 147700000.00 Tax on above -37200000.00 110500000.00 0.00