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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above consolidated financial results of Lumax Industries Limited ( the Company ) and its subsidiary (together referred as  the Group ) and associate have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 09, 2023.   2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended. The said financial results represents the results of the Group which have been prepared in accordance with Ind AS 110  Consolidated Financial Statements .   3. The Group’s business activity falls within a single business segment i.e. manufacturing and trading of Automotive Components, accordingly there are no additional disclosures to be furnished in accordance with the requirement of Ind AS 108  Operating Segments  with respect to single reportable segment   4. The figures for the quarter ended March 31, 2023 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2023 and the unaudited year to date figures upto the third quarter of the financial year which was subject to review by the statutory auditors.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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