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

Notes

1. The Company has only one reportable business segment, i.e. "Agri Care". The Company’s business is seasonal in nature and hence quarterly figures are not necessarily representative of the full year's performance.

2. The figures for the quarter ended March 31, 2023, are the balancing figures between audited figures for the financial year ended March 31, 2023 and the unaudited published year to date figures upto the third quarter of the previous financial year, which were subjected to limited review.

3. Exceptional items for the quarter and year ended March 31, 2023 represents profit on sale of its Environmental Science Business (Divested Products) which offers solutions to control pests, diseases, and weeds in non-agricultural areas to '2022 ES Discovery India Private Limited' (‘ESDIPL’) on a slump sale basis effective October 1, 2022 pursuant to the approval accorded by the Board at its meeting held on September 28, 2022. Pending transfer of product and import registrations in its favour, ‘ESDIPL’ has entered into an interim arrangement to procure the Divested Products from the Company for further sale/ distribution.

4. The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on August 7, 2023. The above results have been subjected to limited review by the Statutory Auditors of the Company.