Bharat Dynamics Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1.Ministry of Corporate Affairs (MCA) has exempted the company engaged in defence production from the requirement of Segment Reporting.

2.An interim dividend of Rs. 6.70 per equity share of @ 10/- each for the year 2020-21 was paid on 23 March 2021.

3.A Final dividend of Rs. 0.65 per equity share for the financial year 2020-21 has been recommended by the Board of Directors at the meeting held on 21 June 2021.

4.The financial results for the year ended 31 March 2021 have been audited by statutory auditors of the company.

5.The audited results for the year ended 31 March 2021 is subject to supplementary audit by the Comptroller and Auditor General of India u/s 143(6) of the Companies Act,2013.

6 The above statement of financial results were approved by the Board of Directors at the Meeting held on 21 June 2021.

7 The figures of fourth quarter are the balancing figures between the audited figures of the full financial year and the unaudited figures upto the third quarter of the financial year.

8 The previous period figures have been regrouped and reclassified wherever necessary to make them comparable with current period figures.

9.The Company has no subsidaries / Joint ventures / Associates.

10.COVID-19:COVID-19 pandemic and consequent lockdown has led to severe disruptions, affecting Production, Sales and Profit during the current reporting period. Therefore the performance of the Company for this period is not comparable with corresponding period or any period of previous year. The company has assessed the potential impact of COVID- 19 based on the current circumstances and expects no significant impact on continuity of operations of the business on long term basis and no material impact is estimated in the carrying values of the assets and their recoverability.

11.Code on Social Security,2020:The Code on Social Security , 2020 (Code) relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Official Gazette of Government of India. However, the date on which the Code will come into effect has not been notified. The Company will evaluate the impact and will give appropriate impact in the financial statements in the period in which, the Code becomes effective.
1.Right of use assets amounting to Rs. 3975.04 Lakh is included in other Intangible Assets .

2.Lease Liability amounting to Rs 652.71 Lakh is included in other Non current Financial Liabilities.

3.Lease Liability amounting to Rs 118.48 Lakh is included in other current Financial Liabilities.