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

Notes:

1. The above financial results were reviewed by the Audit Committee at their meeting held on August 7, 2023 and subsequently approved by the Board of Directors at their meeting held on August 8, 2023.

2. The financial results of the Company have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards ("IND AS'') as notified under the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter.

3. The Company's operations comprise of only one segment i.e. Thermal products. Hence, no further information is required to be given in respect of segment.

4. Figures for the quarter ended March 31, 2023 represent the difference between the audited figures in respect of full financial year and the published figures for the nine months ended December 31, 2022, which were subjected to limited review.