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

Notes:

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 November , 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 partial Free hold Land situated at Bhigwan, Maharastra.The other income includes Rs.157 lakh towards profit on Sale of this land.



5. During the Quarter the Company has recognized expense of Rs. 20.33 lakh under the ESOP scheme 2020 in "Employee Benefit Expenses".



6. Figures for the previous periods have been regrouped/reclassified where necessary, to confirm to the current period classification.