Alembic Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2023
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2023
1.The above results have been reviewed by Statutory Auditors, recommended by Audit Committee and approved by the Board of Directors of the Company.
2.Exceptional item for the year ended 31st March, 2023 represents provision made by the Company towards balance of the principal amount (total principal amount being Rs. 2,052.13 lakhs) for the disputed matter(s) filed against State of Gujarat, Collector of Electricity Duty & others. The interest amount thereon is not ascertainable and is disclosed as contingent liability. Further, as communicated by the Company with the stock exchanges vide its letter dated 15th May, 2023, the Company has deposited Rs. 35 Crores with the Hon’ble Supreme Court of India on 26th May, 2023 and the appeal filed by the Company has been admitted.
3.The previous quarter's / year's figures have been regrouped / rearranged wherever necessary to make it comparable with the current quarter / year.