DHARMAJ2023-07-012023-09-30 DHARMAJ2023-07-012023-09-30 DHARMAJ2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member DHARMAJ2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member DHARMAJ2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543687 DHARMAJ NOTLISTED Dharmaj Crop Guard Limited Equity 2023-04-01 2024-03-31 2023-11-03 2023-10-27 INR Millions Half yearly 14:00:00 15:25:00 2023-11-03 2023-11-03 true Cash Flow Indirect Not applicable Single segment Agro Chemical 2023-07-01 2023-09-30 Unaudited Standalone 2526660000.00 5960000.00 2532620000.00 2018680000.00 0.00 8110000.00 77250000.00 4380000.00 720000.00 115390000.00 2224530000.00 308090000.00 0.00 308090000.00 87960000.00 -10150000.00 77810000.00 0.00 230280000.00 0.00 0.00 0.00 0.00 230280000.00 -270000.00 230010000.00 0.00 0.00 337970000.00 10 6.81 6.81 0.00 0.00 6.81 6.81 The unaudited financial results for the quarter and half year ended September 30, 2023 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on November 3, 2023. The Statutory Auditors of the Company have carried out limited review on the above results in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('the Regulation'), as amended and expressed an unmodified conclusion. The unaudited financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards ( Ind AS ) as prescribed under section 133 of the Companies Act 2013, as amended, read with relevant rules thereunder and in terms of the Regulation and other recognised accounting principles generally accepted in India. Operating segments are reported in a manner consistent with internal reporting provided to the Chief Operating Decision Maker (CODM) i.e. the Board of Directors. The Company's activities comprise manufacturing and dealing in pesticides including concessionaires of public health products for pest control, insecticides, herbicides, fertilizers and allied products related to research and technical formulations. As the Company's business activity falls within a single business segment viz. Agri-Inputs and hence there is no separate reportable segment as per Ind AS 108 Operating Segment . The Company's business is seasonal in nature. Hence the results and performance of every quarter can be impacted by the weather conditions and cropping pattern. In the financial year 2022-23, the Company had completed initial public offer (IPO) of 1,05,96,924 equity shares of face value of INR 10 each at an issue price of INR 237/- per share, comprising fresh issue of 91,13,924 shares (including 55,000 shares issued to employees at concessional rate of INR 10 per share) and offer for sale of 14,83,000 shares by selling shareholders. Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India limited (NSE) and BSE Limited (BSE) on December 8, 2022. The Company had received an amount of INR 2014.39 million (net off IPO expenses of INR 145.06 million) from proceeds out of fresh issue of equity shares. During the half year ended September 30, 2023, the Company had changed the method of depreciation from written down value method to straight line method. This has resulted in reduction in depreciation charge for quarter and half year ended September 30, 2023. The financial results and other financial information for the quarter and half year ended September 30, 2022, and Statement of Cash Flow for the half year ended September 30, 2022, have not been audited or reviewed by our statutory auditors. However, the Management has exercised the necessary due diligence to ensure that the financial results for these periods provide a true and fair view of the Company’s affairs. The figures for the corresponding previous year / period's have been regrouped / reclassified, wherever considered necessary, to make them comparable with current period's classification. Subsequent to September 30, 2023, fire accident occurred at under construction plant located at Saykha GIDC, Bharuch, Gujarat on October 16, 2023. The fire was not significant, resulting in no major damage at under construction site and financial impact is immaterial. The above unaudited financials results of the Company are available on the Company's and stock exchanges websites (www.dharmajcrop.com), BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 4146100000.00 30110000.00 4176210000.00 3217500000.00 0.00 72830000.00 127880000.00 11020000.00 13230000.00 230560000.00 3673020000.00 503190000.00 0.00 503190000.00 138190000.00 -10330000.00 127860000.00 0.00 375330000.00 0.00 0.00 0.00 0.00 375330000.00 50000.00 375380000.00 0.00 0.00 337970000.00 10 11.11 11.11 0.00 0.00 11.11 11.11 Other Expenses 115390000.00 Other Expenses 230560000.00 472930000.00 2117550000.00 0.00 0.00 17180000.00 20350000.00 0.00 0.00 0.00 0.00 1910000.00 13030000.00 14940000.00 40090000.00 14460000.00 2697500000.00 725920000.00 0.00 2570030000.00 4500000.00 0.00 1760000.00 80000.00 2576370000.00 200970000.00 3503260000.00 0.00 0.00 6200760000.00 337970000.00 3251690000.00 3589660000.00 3589660000.00 496060000.00 0.00 5620000.00 501680000.00 10860000.00 0.00 0.00 0.00 512540000.00 222900000.00 1352350000.00 394660000.00 1969910000.00 47300000.00 2490000.00 78860000.00 2098560000.00 0.00 0.00 2611100000.00 6200760000.00 The utilisation of the net IPO proceeds are summarised below: Objects of the issue as per prospectus Amount to be utilised as per prospectus Utilisation up to September 30, 2023 Unutilised amount as on September 30, 2023 (a) Funding capital expenditure towards setting up of a manufacturing facility at Saykha, Bharuch, Gujarat 1,049.69 1,049.69 - (b) Funding incremental working capital requirements of our Company 450.00 450.00 - (c) Repayment and/or pre-payment, in full and/or part, of certain borrowings of our Company 100.00 100.00 - (d) General corporate purposes 414.70 414.70 - Net Proceeds 2,014.39 2,014.39 - 11020000.00 -860000.00 -1837080000.00 0.00 0.00 46150000.00 0.00 0.00 0.00 0.00 798930000.00 0.00 0.00 13230000.00 0.00 0.00 7080000.00 82490000.00 0.00 -560000.00 0.00 27940000.00 0.00 490000.00 0.00 0.00 0.00 12290000.00 0.00 -894760000.00 -391570000.00 0.00 0.00 0.00 65350000.00 0.00 -456920000.00 0.00 0.00 4770000.00 0.00 0.00 0.00 0.00 0.00 0.00 997920000.00 380000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1250250000.00 2900000.00 0.00 0.00 0.00 0.00 0.00 31670000.00 0.00 0.00 0.00 286250000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 194790000.00 0.00 0.00 470000.00 0.00 23380000.00 0.00 0.00 170940000.00 270000.00 0.00 270000.00 4230000.00 4500000.00 -370000.00 60000.00 -100000.00 10000.00 0.00 0.00