ZUARIIND2023-04-012023-06-30 ZUARIIND2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member ZUARIIND2023-06-30 ZUARIIND2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500780 ZUARIIND NOTLISTED ZUARI INDUSTRIES LIMITED Equity 2023-04-01 2024-03-31 2023-08-14 2023-08-04 INR Lakhs First quarter 14:00:00 16:30:00 2023-08-14 2023-08-14 Not applicable Single segment Sugar 2023-04-01 2023-06-30 Unaudited Standalone 1636943000.00 821040000.00 2457983000.00 794167000.00 32943000.00 469483000.00 113010000.00 370767000.00 58623000.00 149242000.00 1988235000.00 469748000.00 0.00 469748000.00 0.00 -30822000.00 -30822000.00 0.00 500570000.00 0.00 0.00 0.00 0.00 500570000.00 920223000.00 1420793000.00 0.00 0.00 297817000.00 10 16.81 16.81 0.00 0.00 16.81 16.81 1 The above unaudited standalone and consolidated financial results have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013, as amended time to time. 2 The figures for the quarter ended 31st March 2023 represent the difference between the audited figures in respect of the full financial year and the unaudited published year-to-date figures upto the third quarter of the financial year, which were subjected to limited review. 3 The above standalone and consolidated financial results of Zuari Industries Limited (formerly Zuari Global Limited) (“the Company” or the Holding Company ) and the Group comprising of its Subsidiaries, Associates and Joint Ventures, for the quarter ended June 30, 2023 have been reviewed by the Audit Committee in their meeting held on August 14, 2023 and approved by the Board of Directors of the Company in their meeting held on August 14, 2023. The statutory auditors have conducted limited review of these financial results in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and have expressed an unmodified opinion on the Unaudited standalone and consolidated financial results for the quarter ended June 30, 2023. 4 The Company has investment (equity shares) amounting to INR 5,103.34 lakhs in Indian Furniture Products Limited (IFPL), a subsidiary company which is in the business of distribution and retailing of furniture and related items. Based on review of current situation and future prospects of furniture business, the Company has recognised an impairment loss on investment in the standalone financial results for the year ended March 31, 2023 amounting to INR 591.64 lakhs. 5 The sugar business of the Company is seasonal in nature wherein sugar cane crushing normally takes place during the period between November to May, while sales takes place throughout the year. Accordingly, the performance of the Company varies from quarter to quarter. 6 The Board of Directors of the Company, vide its resolution dated Feb 13, 2023 accorded its consent for the Scheme of Amalgamation between the Company and Zuari Sugar & Power Limited (a wholly owned subsidiary of the Company) and their respective shareholders and creditors (‘the Scheme’). The Board of Directors of the Zuari Sugar & Power Limited have also accorded consent to the Scheme vide its resolution dated Jan 31, 2023. The appointed date of Amalgamation as per the Scheme is 1 April 2022. The hearing of the first motion application was held on 11 May 2023 and the NCLT order was received on 19 May 2023. Pursuant to the said order, NCLT has dispensed with the holding of meetings of shareholders (both equity and preference) and creditors (both secured and unsecured) of ZIL. The said order has been filed with the Stock Exchanges on 19 May 2023 as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The second motion application was filed by the Company on June 23, 2023 with NCLT. Pursuant to the said application, the final hearing will now be held on September 14, 2023. 7 Previous periods' figures have been re-grouped/ re-classified wherever necessary, to correspond with those of the current period’s classification. Other Expenses 149242000.00 Other Comprehensive Income that will not be reclassified to P&L 978172000.00 978172000.00 57949000.00 0.00