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 GREENPOWER2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 786800000.00 6000000.00 792800000.00 0.00 0.00 0.00 35700000.00 216600000.00 205200000.00 170600000.00 628100000.00 164700000.00 -71800000.00 92900000.00 0.00 0.00 0.00 0.00 92900000.00 0.00 0.00 0.00 0.00 92900000.00 -3200000.00 89700000.00 84100000.00 8800000.00 80900000.00 8800000.00 7507200000.00 10 0.11 0.11 0.00 0.00 0.11 0.11 1. The above consolidated unaudited financial results have been reviewed by the Audit Committee and approved by the Board at their respective meetings held on August 11, 2023. The statutory auditors of the company carried out ‘Limited Review’. 2. The Group operates in a single segment which is “Generation of power through renewable sources”. 3. The group could not proceed with Phase III power project. The capital advances issued in this regard could not be recovered. These advances are supported by a comfort letter issued by M/s. SVL Limited. The net advances receivable by the group is Rs. 4,000 lakhs. Out of the same, Rs. 3,897 lakhs were recovered till date. Considering the amounts recovered, this arrangement did not result in any further impairment to the group. 4. Considering the stay granted by the Hon’ble Supreme Court of India on the order issued of CERC on reduction of floor price, the Group is confident of favourable decision on the appeal and realization of difference of Rs.500/ REC aggregating to Rs.2,071 lakhs of reveivables. Nevertheless, for the delay in recovering, provision of Rs. 528 lakhs made. The above matters have been highlighted as an Emphasis of matter in the Limited Review Report. 5. The Rights Issue Committee of the Board approved the Letter of Offer and other related matters at their meeting held on August 10, 2023. 6. These results includes total income of Rs. NIL, total loss after tax of Rs. NIL for the quarter, in respect of subsidiary viz. Amrit Environmental Technologies Pvt. Ltd (AETPL), whose accounts are not prepared as a going concern. 7. Exceptional Items (Rs. In lakhs) Particulars Quarter ended Year ended 30-Jun-23 31-Mar-23 30-Jun-22 31-Mar-23 Unaudited Audited Unaudited Audited (a) Profit/(Loss) on sale of assets (Net) 4 11 1,320 2,227 (b) Interest income/(expense) (net)(Preclosure interst for the q3 June 2023) (386) 644 (501) (60) (c) Realized/unrealized Loss in value of Renewable Energy Certificates(RECs) post to opting out from REC scheme (336) - - - (d) Gain/(Loss) on modification of Lease - - - 287 (e) Impairment (loss)/ reversal on assets classified as held for sale - - 32 32 (f) Structural strengthening expense for certain identified windmills - - (441) (152) Total (718) 655 410 2,334 8. Subsequent Events During July 2023, a. two subsidiaries of the company refinanced loans of Rs. 5590 lakhs and Rs. 2240 lakh. b. The company repaid its entire principal and interest outstanding on the secured term loan of Rs. 1,361 lakhs. 9. The figures for the previous year/ period have been regrouped wherever necessary. 10. Financial Results of the Company – Standalone (Rs. In lakhs) Particulars Quarter ended Year ended 30-Jun-23 31-Mar-23 30-Jun-22 31-Mar-23 Unaudited Audited Unaudited Audited Profit / (Loss) Before Tax (218) 282 (786) 314 Profit / (Loss) After Tax (218) 282 (786) 314 Cost of Maintenance 118200000.00 Other Expenses 52400000.00 Remeasurement of defined benefit obligations -3000000.00 -3000000.00 0.00 Exchange Differences on translation of foreign operation -200000.00 -200000.00 0.00