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 ICIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss03Member 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 Consolidated 7414300000.00 52600000.00 7466900000.00 3995000000.00 30000000.00 -1031500000.00 696200000.00 145200000.00 187000000.00 2475000000.00 6496900000.00 970000000.00 0.00 970000000.00 207400000.00 25200000.00 232600000.00 0.00 737400000.00 0.00 0.00 0.00 0.00 737400000.00 104000000.00 841400000.00 0.00 0.00 0.00 0.00 396100000.00 2 3.72 3.72 0.00 0.00 3.72 3.72 0.00 0.00 0.00 Notes: 1. The above results of Indo Count Industries Limited ('the Holding Company') and its Subsidiaries (together referred to as 'Group') 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 Consolidated Financial Results for the Quarter ended June 30, 2023. 2. The above results of the Group 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. Information of Standalone Financial Results of the Company is as under: Sr. No. Particulars Quarter Ended Year Ended 30-06-2023 31-03-2023 30-06-2022 31-03-2023 Unaudited Unaudited Unaudited Audited A Total Income 681.77 690.85 794.95 2,817.73 B Profit before tax 90.73 105.89 128.88 323.41 C Profit after tax 67.21 73.77 96.26 238.17 4. i) The Holding 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 in accordance with the terms of Business Transfer Agreement ( BTA ) and Indo Count Global Inc., wholly owned subsidiary, had completed acquisition of specified assets (inventory and intellectual property) of Grace Home Fashions LLC ( GHF ), US subsidiary of GHCL, on April 2, 2022 in accordance with the terms of Asset Transfer Agreement ( ATA ) 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 Holding 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 Holding 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 Consolidated 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 Holding Company having face value of Rs. 2/- each were allotted to the shareholders of Transferor Company, in the swap ratio of 2:15, on November 2, 2022 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. 5. The Group 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. Other Expenses 2475000000.00 Remeasurement of Net Defined Benefit Plans -2400000.00 Tax on above 600000.00 -1800000.00 0.00 Remeasurement of Net Change in Forex 147700000.00 Tax on above -37200000.00 Exchange Difference on Foreign Operations -4700000.00 105800000.00 0.00