Shree Digvijay Cement Company Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2022
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Sep 2022
Notes :
1. The standalone and consolidated financial results for the quarter and six months ended September 30, 2022 have been reviewed by the Audit Committee at it's meeting held on October 21, 2022 and approved by the Board of Directors at it's meeting held on October 21, 2022. The statutory auditors have expressed an unmodified review opinion on these financial results.
2.The Company has only one reportable segment, viz Manufacture and Sale of Cement, in accordance with Ind AS 108 - "Operating Segments", both at standalone as well as group level.
3.During the quarter ended September 30, 2022, the Company has allotted 275000 equity shares of Rs.10/- each to the option grantees upon exercise of Option under the Company's Employees Stock Option Scheme - 2019.,Pursuant to this allotment, the paid up equity share capital of the Company has increased from 14,40,27,778 equity shares of Rs.10/- each to 14,43,02,778 equity shares of Rs.10/- each.
4.The Board has recommended a interim Dividend of Rs. 1.50/- (i.e. 15%) per equity share of Rs. 10/- each on 14,43,02,778 fully paid Equity Shares for the financial year 2022-23, aggregating to Rs. 2164.54 lakhs.
5.The Indian Parliament has approved the Code on Social Security, 2020 ('Code') which may likely impact the contributions made by the Company towards Provident Fund and Gratuity. The Company will assess the impact and its evaluation once the corresponding rules are notified and will give appropriate impact in the financial statements in the period in which the Code becomes effective and the related rules are notified.