Simplex Castings Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

1. The Financial Results of the company for the quarter ended 30th June, 2023 have been reviewed by the Audit Committee at their respective meetings held on 12th August, 2023 and approved by the Board of Directors at their respective meetings held on 12th August, 2023.

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. Attention is invited towards exceptional income item of Rs. 50.57 Lakhs in the current quarter, which pertains to the confirmation of claim made to ECGC (Export Credit Guarantee Corporation) for freight expenses borne by the company for taking back the material dispatched to Ukraine at the time of Russia-Ukraine war. Total claim of Rs. 50.57 Lakhs consented by ECGC has been recognised as exceptional income as the corresponding losses were also recognised as exceptional income during Quarter I of FY 2022-23.

4. The previous year /period have been regrouped/rearranged wherever found necessary.

5. The above results are also available on Company website www.simplexcastings.com and also on the website of BSE.