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

These results have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under the Companies (Indian Accounting Sta
These results have been reviewed and recommended for adoption by the Audit Committee in its meeting held on July 20, 2023, and approved by the Board of Directors in its meeting held on July 21, 2023. The Statutory Auditors of the Company have carried out a limited review of the standalone unaudited financial results for the quarter ended on June 30, 2023. Their limited review report does not have any modification.
The Company publishes the standalone financial results along with the consolidated financial results. In accordance with the Ind AS 108, 'Operating Segments', the Company has disclosed the segment information in the consolidated financial results and therefore no separate disclosure on segment information is given in the standalone
An incident of fire occurred on April 20, 2022, in one of the plants at Atul, Gujarat. There was no fatality or injury to any person, and damage was restricted to the affected plant. The Company has written off the carrying value of the assets destroyed by fire amounting to ` 35.60 cr during the quarter ended on June 30, 2022 | year ended on March 31, 2023, by including it in other expenses. The Company has filed a claim in this regard with the insurance company which is under process. Against this claim, the Company has received an interim approval of ` 31.28 cr during year ended on March 31, 2023, which was included in other income. The Company expects to complete the claim process during the year.
The figures for the quarter ended March 31, 2023, are the balancing figures between audited figures in respect of the full financial year and the pub