Manorama Industries Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2023

1. The Financial Results of the company for the quarter and year ended 31st March, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 9th May 2023 and the audit of the same has been carried out by the Statutory Auditors of the company.



2. These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.



3 The Board of Directors of the company has recommended a proposed final dividend of Rs. 2.00 per share i.e. 20% on equity shares of the company.



4. The Company's only identifiable reportable Business segment is Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Further, the Company operates and controls its business activities within/from India, except export of goods. Hence the company is having single reporting segment under Indian Accounting Standard -108 "Segment Information" (IND AS-108).



5. Other expenses includes 1.57 crores incurred towards Research and Development Expenditure.



6. Figures for the quarter ended 31st March, 2023 & 31st March, 2022 represent the difference between audited figures in respect of full financial year and the published figures upto 9 months of respective financial years.



7 The results are also available on www.manoramagroup.co.in, www.bseincia.com and www.nseindia.com.