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

1.The above Statement of Standalone & Consolidated Unaudited Financial Results for the quarter ended June 30, 2023 ("Financial Results") are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended and in accordance with the Indian Accounting Standards (Ind AS), as prescribed under Section 133 of the Companies Act, 2013, read with the relevant Rules thereunder and other accounting principles generally accepted in India. The Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31, 2023. The Financial Results have been subjected to a limited review by the statutory auditors of the Company who have expressed an unmodified opinion thereon.
2.The figures for the quarter ended March 31, 2023 as reported in these Financial Results are the balancing figures between audited figures in respect of the full financial year ended March 31, 2023 and the published year to date figures up to the end of the third quarter of the previous financial year which were subjected to a limited review.
3.The Company is primarily engaged in the business of manufacture of Rubber Chemicals, which in the context of Indian Accounting Standard (Ind AS) 108 on ' Operating Segments ', constitutes a single reportable segment.
4.The Consolidated Unaudited Financial Results of NOCIL Limited have been prepared in accordance with Ind AS 110 - 'Consolidated Financial Statements'. The Financial Results of the wholly owned subsidiary company PIL Chemicals Limited have been consolidated with those of the Company.