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The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 05, 2026 and were subjected to review by the Statutory Auditors. <BR> <BR> 2. The Group had received a settlement offer during the quarter ended June 30, 2025 from Beste Motor Co. Ltd. and TYC Brother Industrial Co. Ltd. (“TYC Parties”) alleging breach of Transition Management Agreement (‘TMA’ or ‘agreement’) in respect of certain income amounting to Rs. 209.89 million recognized during the quarter ended June 30, 2025 and Rs. 231.82 million recognized during the previous year ended March 31, 2025 by the Group under ‘Revenue from operations’, as received from Chongqing Varroc TYC Auto Lamps Co., Ltd. (erstwhile joint venture). In the current quarter, the Group received a ‘Statement of Claim’ under the arbitration proceedings originally initiated by TYC Parties in August 2022, on the aforesaid matter and on certain additional claims/ breaches under the aforesaid TMA which are to be quantified. The Group believes that it has a strong case and will take appropriate actions, including filing of counter claims, as necessary to protect its interests. The auditors in their review report have included a qualification in respect of this matter. <BR> <BR> 3. Exceptional items for the periods presented in the consolidated financial results include the following: <BR> <BR> a) On November 21, 2025, the Government of India notified the four Labour Codes – the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 consolidating 29 existing labour laws. The Group has assessed and disclosed the incremental impact of these changes on the basis of the best information available and guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented such incremental impact under "Exceptional Items" in the financial results for the quarter and nine months ended December 31, 2025. The incremental impact on provisions for employee benefits expenses of Rs. 225.49 Million towards gratuity and compensated absences primarily arises due to change in wage definition. The Group continues to monitor the finalisation of Central/State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued/rules are notified. <BR> <BR> b)The Group announced a Voluntary Separation Scheme (‘VSS’) for all eligible permanent workmen at specific plants of the Group. In this regard, the Group accepted separation of 411 employees and the separation cost of Rs. 799.49 million associated with the VSS has been recognised as an exceptional item during the quarter and nine months ended December 31, 2025.2025-04-012025-12-31UnauditedConsolidated6522409000012013000065344220000419512700000-1388500007261520000993330000246062000010075690000626035800002740640000-436870000230377000010648000062661000073309000001570680000000231200001593800000-1479200001445880000155716000036640000140843000037450000152790000110.1910.190010.1910.190.00440.02640.0626Foreign exchange (gain)/loss (net)22860000Consumption of Stores, Spares and Tools266040000Consumption of Packing Material278210000Water and Electricity Charges540510000Contract Labour Cost725380000Freight and Forwarding Expenses335960000Legal and Professional Fees194880000Other Expenses1168220000Foreign exchange (gain)/loss (net)-15560000Consumption of Stores, Spares and Tools765750000Consumption of Packing Material768910000Water and Electricity Charges1596590000Contract Labour Cost2100720000Freight and Forwarding Expenses921920000Legal and Professional Fees652090000Other Expenses3285270000Automative22223090000Others652110000Automative63526490000Others169760000022875200000652240900002287520000065224090000Automative326490000Others-76610000Automative2865360000Others-2620100002498800002603350000311580000993330000-28880000-716870000-328200002326890000Automative41864470000Others235557000044220040000299927000047219310000Automative21660240000Others56772000022227960000771890000029946860000Remeasurement of defined benefit obligation3180000031800000Remeasurement of defined benefit obligation318000003180000080000008000000Deferred hedging gains/(losses) on cash flow hedges45150000Exchange differences in translating the financial statements of foreign operations146850000192000000Deferred hedging gains/(losses) on cash flow hedges-20670000Exchange differences in translating the financial statements of foreign operations-208800000-22947000048320000-57750000167480000-147920000