Styrenix Performance Materials Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2023

1.The above statements were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on May 26, 2023. The statutory auditor have expressed unmodified opinion on the aforesaid results.
2.The Board of Directors of the Company, at its meeting held on March 16, 2023 had declared interim dividend of Rs 80/- (i.e. 800%) per equity share of Rs 10/- each. The dividend has been paid within prescribed timelines.
3.The Company has initiated the process of name change with GIDC authorities in respect of leasehold land at Nandesari and Dahej and has taken an estimated provision in the Profit and Loss statement for INR 367 lacs in the period Jan to Mar 2023.
4.The Board of Directors recommended a dividend of INR 24 per share [ @ 240 %] for the year ended March 31, 2023 subject to approval of the Shareholders.
5.The figures for the quarter ended March 31,2023 and March 31, 2022 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial year.