GREENPOWER2023-04-012023-06-30 GREENPOWER2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member GREENPOWER2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member GREENPOWER2023-06-30 GREENPOWER2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533263 GREENPOWER NOTLISTED Orient Green Power Company Limited Equity 2023-04-01 2024-03-31 2023-08-11 2023-08-02 INR Lakhs First quarter 11:30:00 13:00:00 2023-08-11 2023-08-11 Not applicable Single segment Generation of power through renewable sources and related services 2023-04-01 2023-06-30 Unaudited Standalone 53000000.00 3500000.00 56500000.00 0.00 0.00 0.00 6800000.00 8200000.00 0.00 63300000.00 78300000.00 -21800000.00 0.00 -21800000.00 0.00 0.00 0.00 0.00 -21800000.00 0.00 0.00 0.00 0.00 -21800000.00 -500000.00 -22300000.00 0.00 0.00 7507200000.00 10 -0.03 -0.03 0.00 0.00 -0.03 -0.03 1. The above standalone unaudited financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on August 11, 2023. The statutory auditors of the company have carried out ‘Limited Review’ of these results for the quarter ended June 30, 2023. 2. The Company operates in a single segment which is “Generation of power through renewable sources and related services”. The CEO (designated Chief Operating Decision Maker (CODM)) of the company reviews the operations as a single segment as mentioned above. 3. The Company has invested Rs. 86,423 lakhs in the preference shares of one of its subsidiaries, M/s. Beta Wind Farm Private Limited (Beta). The term loans and working capital facilities availed by Beta were refinanced by a financial institution during the quarter ended June 30, 2023. The loan agreement imposes several restrictive covenants which include restrictions on declaration of dividend and redemption of preference shares during the tenure of the loan. Considering the restrictive covenants, the company has, on a prudent basis, not recognized unwinding of finance income of Rs. 1,196 lakhs for the quarter ended June 30, 2023, arising on fair valuation of the preference shares . The above matter has been highlighted as an Emphasis of matter in the Limited Review Report on these Standalone Unaudited Financial Results. 4. In connection to the proposed Rights Issue, the Rights Issue Committee of the Board of Directors of the company approved the Letter of Offer and other related matters at their meeting held on August 10, 2023. 5. Orient Green Power (Maharashtra) Private Limited, one of the subsidiaries of the company made an application for voluntary strike off during the previous year and the same has been approved by the Ministry of Corporate Affairs(MCA) during the quarter. The investment in this subsidiary has been adequately provided for in earlier years. Accordingly, no provision is required to be made during the quarter. 6. Subsequent Events During July 2023, the company extended the corporate guarantees of Rs. 6,087 lakhs and Rs. 2,240 lakhs towards the refinancing of loans availed by the subsidiaries viz. Clarion Wind Farm Private Limited and Gamma Green Power Private Limited respectively. 7. The Code on Social Security, 2020 (the code) has been enacted, which would impact the contribution by the Company towards applicable social security schemes. The Ministry of Labour and Employment has also released draft rules there under on November 13, 2020 and has invited suggestions from stakeholders which are under active consideration by the Ministry. The actual impact on account of this change will be evaluated and accounted for when notification becomes effective. 8. The negative amounts presented under finance costs were on account of the interest waiver received during the respective quarter. 9. The figures for the previous year/ period have been regrouped wherever necessary to conform to the classification of the current year/period. Other Expenses 11300000.00 Sub Contracting Expense 52000000.00 Remeasurement of defined benefit obligation -500000.00 -500000.00 0.00 0.00