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

1. The above financial results have been prepared in accordance with Indian Accounting Standard as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and the Companies (Indian Accounting Standard) Amendment Rules, 2021.
2. The above Financial Results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors at its meeting held on 9th August , 2023.
3.The company is engaged in segments namely Heavy Engineering, Foundry and Machine shop and Others. These segments have been reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker.
4. During the quarter the company has sold Free hold Land situated at Anthurne and Dalaj, Maharastra.The other income includes Rs.175 lakh towards profit on Sale of this land.
5. During the Quarter the Company has approved the Grant of 2,18,390 ESOP to the eligible employees under the ESOP scheme 2020. Further, the company has recognized expense of Rs. 10.52 lakh under "Employee Benefit Expenses".
6. Figures for the previous periods have been regrouped/reclassified where necessary, to confirm to the current period classification.