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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1) The Parent Company's equity shares have been listed on National Stock Exchnage (NSE) and on BSE Limited (BSE) on May 20, 2022, by completing Initial Public Offering of 68,08,820 equity shares of face value of Rs. 5 each at an issue price of Rs. 630 per equity share, consisting of an offer for sale of 68,08,820 equity shares by selling  share holders. Accordingly, the above Statement of Consolidated Financial Results for the quarter and year ended March 31, 2022 (''Statement) are drawn up for the first time in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, (Listing Requirements) as amended .   2) The above consolidated financial results for the quarter and year ended March 31, 2022 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the company at their respective meetings held on May 30, 2022. The Statutory Auditors of the Company have expressed unmodified opinion on the aforesaid results.   3) These consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind - AS) as prescribed under section 133 of Companies Act 2013, as amended, read with relevant rules thereunder, and in accordance with  the Listing Requirements.   4) During the year the Parent Company has approved and issued 19 bonus shares of face value Rs.10 each for every 1 existing fully paid up equity share and preference share of face value Rs.10 each and accordingly 1,96,68,173 bonus shares were issued. Further, each equity share of face value of Rs.10 each of the Company has been split into two equity shares of face value of Rs 5 each. The effect of the same has been considered for the purpose of computation of earnings per share for all periods presented.   Subsequently the Parent Company has allotted 62,680 Equity Shares of Rs. 5 each to Wagner Limited as fully paid up pursuant to conversion of Non Cumulative Compulsory Convertible Preference Shares. In accordance with the terms of the shareholders' agreement, the NCCCPS were converted into Equity Shares in the ratio of 1:1 without payment of any additional conversion price. Accordingly, no additional consideration was paid by Wagner Limited at the time of conversion of the CCPS into Equity Shares.   5) The total offer expenses for the IPO are entirely allocated to the selling shareholders except for listing fees which will be solely borne by the company.   6) The Board of Directors have recommended a final dividend of Rs.1/-(Face value of Rs.5/- each) (20 %) per equity share for the year ended March 31 2022  on 4,14,06,680 equity shares, amounting Rs.4,14,06,680/- subject to the approval of the shareholders at the ensuing Annual General Meeting.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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