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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The above Consolidated unaudited results for the quarter ended 30th June 2023 were reviewed by the Audit Committee vide its meeting held on August 10, 2023 and were approved by the Board of Directors at its meeting held on August 11, 2023. The statutory auditors have conducted an Limited reveiw of the above standalone unaudited financial results.    2.The Consolidated unudited results for the quarter ended 30th June 2023 have been prepared in accordance with Indian Accounting Standards ( Ind AS ) as, prescribed under Secticn 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015,as amended.   3.The consolidated financial results include the financial results of lndo National Limited and the financial results of its subsidiary M/s Helios Strategic Systems Limited and step down subsidiaries, M/s Kineco limited , Kineco Kaman Composites-India Private Limited, Kineco Alte Train Technologies Pvt Ltd, and its associate Kineco Exel Composite India Private Limited.The consolidated financial results of the company are available on the Bombay Stock Exchange website www.bseindia.com, the National Stock Exchange website www.nseindia.com and on the Company's website www.nippo.in   4.In a Suo Moto case relating to Cartalisaton of Zinc carbon dry cell batteries, CCI had imposed a penalty of Rs. 4,226 Lakhs against company and the Company made an appeal in order to stay the application before the Hon. National Company Law Appeliate Tribunal, New Delhi, (NCLA T)2018. against the CC I's Order dated April 2019. The Hon. NCLAT passed an order to stay the penalty with the direction of depositing 10% of the penalty amounts to Rs.422 Lakhs within 15 days with the Registry of the NCLAT.The parent company Indo National Limited had deposited Rs.422 Lakhs with the Registry (through FD) within the due date as stipulated by NCLAT. Based on legal opinion, no provision has been made for the quarter ended 30th June 2023.   5.From April 1, 2023, the parent company has changed its method of depreciation, hitherto done at written down value method, to straight line method, to have a uniformity in the charging of depreciation on all its assets. Due to this change in the deprecation method, which is a change in accounting estimate, the parent companys Depreciation and Amortisation Expense for the Quarter is lower by Rs.53.74 Lakhs and profit for the quarter is higher by that amount (Previous Period/Year NIL).   6.The figures for the quarter ended March 31, 2023 are balancing figure between audited figures in respect of the full financial year and the unaudited published year to date figures upto the third quarter for the respective year, which are subject to limited review.   7.Previous year/period's figures have been regrouped, wherever necessary, to conform to the current year/period's classification / disclosure</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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