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

Notes :

1.The financial results of Orient Cement Limited (“the Company”) have been prepared in accordance with Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2.The unaudited financial results of the Company were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on August 01, 2023.
3.The Company operates in a single reportable segment, viz manufacture and sale of cement, in accordance with lnd AS 108 - "Operating Segments".

4.Subsequent to the current quarter ended on June 30, 2023, the Company has entered into a Share Subscription and Shareholders’ Agreement with Cleantech Solar India OA2 Pte. Ltd and Ardeur Renewables Private Limited (“SPV”) for the purpose of setting up two solar power plants under captive scheme with an investment in share capital of Rs. 950 lacs. Further the Company has also entered into a Power purchase agreement with the SPV.

5.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 and the published year to date figures upto the end of the third quarter of the relevant financial year.

6.The results for the quarter ended on June 30, 2023, are also available on the Company's website www.orientcement.com, BSE website: www.bseindia.com and NSE website: www.nseindia.com.