SHALPAINTS2023-04-012023-06-30 SHALPAINTS2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SHALPAINTS2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 509874 SHALPAINTS NA Shalimar Paints Limited Equity 2023-04-01 2024-03-31 2023-08-11 2023-08-04 INR Crores First quarter 15:30:00 17:30:00 2023-08-11 2023-08-11 Not applicable Single segment Paints 2023-04-01 2023-06-30 Unaudited Consolidated 1256300000.00 16100000.00 1272400000.00 872300000.00 78900000.00 -92800000.00 172300000.00 39700000.00 32800000.00 271900000.00 1375100000.00 -102700000.00 0.00 -102700000.00 0.00 0.00 0.00 0.00 -102700000.00 0.00 0.00 0.00 0.00 -102700000.00 -4400000.00 -107100000.00 0.00 0.00 144400000.00 2 -1.42 -1.42 0.00 0.00 -1.42 -1.42 * Amounts below the rounding off norms adopted by the Company are presented as 0 See accompanying notes to the financial results Notes : 1. These consolidated financial results of Shalimar Paints Limited (the 'Holding Company') for the quarter ended on 30.06.2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 11.08.2023. The statutory auditors of the Company have conducted a limited review on these consolidated financial results. 2. The above results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under section 133 of the Companies Act, 2013, as amended and read with relevant rules thereunder and in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 3. The figures for the quarter ended 31.03.2023 represents the balancing figures between the audited figures in respect of the full financial year and published year to date reviewed figures upto the third quarter of the year ended 31.03.2023. 4. The Group is engaged in manufacture and sale of paints. As the Group's business activity falls within a single business segment viz. 'Paints' and the sales are primarily in the domestic market, accordingly there is no separate reportable segments as per IND AS 108, Operating Segments . 5. During the current quarter, the Nomination and Remuneration Committee of the Group at its meeting held on 06.04.2023 had granted 19,66,566 stock options to its eligible employees under the Shalimar Paints Limited Employees Stock Option Scheme - 2022. The stock options will vest over the period of 4 years and accordingly, the Group has recorded an expense of Rs 0.61 crore during the quarter ended 30.06.2023. 6. Previous period/ year figures have been regrouped/ reclassified, wherever necessary, to confirm to the current period's classification. # Previous period/ year figures have been regrouped/ reclassified, where necessary, to conform to the current period's classification. Other Expenses 271900000.00 4400000.00 0.00