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DCW Ltd. Audit Report / Information 2021
63614_rns_2021-06-18_673a5173-9353-4bd0-a8ea-2f479acd50ad.pdf
Audit Report / Information
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June 18, 2021
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| ocwLIMITED | |
|---|---|
| To,National Stock Exchange of India1. | June 18, 2021 |
| Ltd. | BSE Limited,2,Ist floor, New Trading Ring |
| Exchange Plaza Bldg, | Rotunda Building, |
| 5"" Floor, Plot No.C-1, | Phiroze Jeejeebhoy Towers, |
| 'G' Block, Near Wockhardt, | Dalal Street, Mumbai - 400 001. |
| Bandra Kurla Complex, | |
| Mumbai 400 057 | Fax : 22723121 /3719/ 2037/2039 |
| Fax:26598237/38 | Scrip Code :500117 |
| Scrip Code : DCW | |
| Dear Sir / Madam,Sub: Re-submissionquarter and financial year ended 31st March 2021This is with reference to our letter dated 21s May 2021 submitted fthe Board Meeting of the Company held on 21% May 2021, wherein weenclosed:(i) | of Audited Financial Results of the Company for the 4thor the outcome ofhad inter-aliaCopy of the Audited Financial Results of the Company for the 4th quar |
| financial year ended 31st March 2021;(ii) Audit Report on the Financial Results of the Company for the 4th qufinancialyearended31s<br>MarchStatutory Auditors of the Company. | ter andarter and2021,issuedbyM/sChhajed&Doshi, |
| Pleasenote that duetotypographicalcontainedsubmittingtheresultstotheStockherewiththeAuditedFinancialResultsCompany after rectifying the above error along with the Audit Report.by our Statutory Auditors M /s Chhajed & Doshi, Chartered Accountaquarter and financial year ended 318 March 2021. | andlinking error inthe excelfile,figuresin certain line items of Cash Flow Statement got wrongly printedwhileExchanges.Therefore, wearere-submitting(includingCashFlowStatement)ofthethereon issuednts, for the 4th |
| Except for the above mentioned changes, all other information in the Auresults submitted on May 21, 2021 remains unchanged. | dited FinancialZiisAVES.E |
| 1G} |
Sub: Re-submission of Audited Financial Results of the Company for the 4th quarter and financial year ended 31st March 2021
- (i) Copy of the Audited Financial Results of the Company for the 4th quarter and financial year ended 31st March 2021; (ii) | Audit Report on the Financial Results of the Company for the 4th quarter and financial year ended 31s\ March 2021, issued by M/s Chhajed & Doshi, Statutory Auditors of the Company.
Except for the above mentioned changes, all other information in the Audited Financial results submitted on May 21, 2021 remains unchanged. Z iis / Ee
DCW LIMITED HEAD OFFICE : "NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI-400 021, TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838 REGISTERED OFFICE : DHRANGADHRA - 363 315 (GUJRAT STATE) _ Email: [email protected], Website: www.dewltd.com, CIN-L24110GJ1939PLC000
We hereby confirm that due to such corrections, there is no impact on the revenue, profit, assets or liabilities figures of the Company.
We had submitted the above rectification in the cash flow statement on June 3, 2021 with the subject line as "Revised Audited Financial Results of the Company for the 4th quarter and financial year ended 31s March 2021", However, there was no revision in the financial results of the Company. DCW LIMITED HEAD OFFICE :
Therefore, you requested to kindly ignore the above intimation submitted on June 3, 2021 and to take the present submission on record.
We regret the inconvenience caused,
Thanking You,
Yours faithfully,
For DCW Limi ay)\
ame: Na
Sr. General Manager (Legal) and Company Secretary Membership No. ACS- 22527
"NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI-400 : 02 1. TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838 REGISTERED OFFICE : DBHRANGADHRA - 363 315 (GUJRAT STATE) va Email: [email protected], Website: www.dewltd.com, CIN-L24110GJ1939PLC000748
CHHAJED & DOSHI CHARTERED ACCOUNTANTS
Auditor's Report _on Quarterly and Annual Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors DCW Limited Mumbai
-
- We have audited the accompanying statement of financial results of DCW Limited ('the company') for the quarter and year ended 31° March 2021 attached herewith being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, read with SEBI Circular No CIR/CFD/FAC/62/2016 dated July 5, 2016.
-
- The preparation of these financial results is the responsibility of the Company's Management in accordance with applicable Indian Accounting Standards ('Ind AS') specified under section 133 of the Companies Act, 2013, read with relevant rules and has been approved by the Board of directors at their meeting held on 21% May, 2021.
-
- Our responsibility is to express an opinion on these financial results based on our audit of such Standalone Ind AS financial statements, which have been prepared in accordance with the Accounting Standards notified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting principles generally accepted in India. Attention is drawn to the fact that the figures for the quarter ended March 31, 2021 as reported in these results are the balancing figures between the audited figures in respect of the year ended March 31, 2021 and the published year to date figures up to the end of the third quarter of the relevant financial year. Also, the figures up to the end of the third quarter had only been reviewed and not subjected to audit. he
- Basis of Qualified Opinion
ee
ss
The company's trade receivables are subject to confirmation as at year 31" March 2021, possible effect(s) of the same on assets, liabilities and profit, if any, is not ascertainable.
We conducted our audit in accordance with the Standard on auditing specified under section 143(10) of the Companies Act, 2013.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results.
The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the Company's internal financial control with reference to the Statement.
—audit also includes evaluating the appropriateness of the accounting policies used and the 'reasonableness of the accounting estimates made by the Management, as well as evaluating the overall Y eae roe \ of the Statement. We believe that our audit provides a reasonable basis for our Opinion. on
Page 1 of 2
Head Office: 101 Hubtown Solaris, Near East West Flyover, N. S. Phadke Marg, Andheri (E), Mumbai 400069 "== Phone: 022-61037878 e Fax: 022-61037879 «© Email: [email protected] &
CHHAJED & DOSHI CHARTERED ACCOUNTANTS
5. Qualified Opinion
In our opinion and to the best of our information and according fo the explanations given to us, except for effects / possible effects of matters stated in paragraph 4 above, these quarterly and annual financial results:
- |. aré presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard: and
- ii. give a true and fair view of the net profit for the quarter as well as net profit for the year ended March 31, 2021.
6. Emphasis of Matters
- i. We draw attention to Note No. 3 to the financial statements which describe the uncertainty related to the outcome of the petitions/appeals filed by the company in the matter of:
- a. electricity tax demand of Rs. 6429.26 lakhs on captive power generated and other matters during the period 2003 to 2019;
- b. custom duty demand of Rs. 3164.60 lakhs of coal imported and other matters by the company during 2011 and 2012: and
- c. Execution of assignment deeds of the lands at Sahupuram works in respect of which the state government has issued notice of repossession and demanded lease rent for the period occupied by the company. The land is treated as freehold.
No provision has been made for the aforesaid demands in view of the factors stated in the said note.
ii. Effects of COVID-19: We draw attention to Note 6, which describes the impact of the outbreak of coronavirus (COVID-19) on the business operations of the company. In view of highly uncertain economic environment, a definitive assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve.
Our opinion is not modified in respect of these matters.
CA. Piylish Chhajed | Partne M. No. 108090
Place: Mumbai Date: 21% May, 2021 UDIN: 21108090AAAABG8349
Page 2 of 2
Head Office: 101 Hubtown Solaris, Near East West Flyover, N. S. Phadke Marg, Andheri (E), Mumbai 400069 « Phone: 022-61037878 « Fax: 022-61037879 «© Email: [email protected]
| DCW LIMITED | |||||
|---|---|---|---|---|---|
| DCW | Registered office : Dhrangadhra - 363315 ( Gujarat )Head Office | ! Nirmal', Nariman Point, Mumbai - 400021. | |||
| LIMITED | |||||
| 'Website : www.dewltd.com , Telephone : 22071914/16.Telefax : 22 22028838, E-mail ; [email protected] | |||||
| CIN = L24110G7999PLCO00748 | (Rs. In Lacs} | ||||
| AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2021: | QUARTER ENDED | YEAR | YEAR | ||
| PARTICULARS | 31.03.2021 | 31.12.2020 | 31.03.2020 | ENDED31.03.2021 | ENDED31.03.2020 |
| REVENUE | Audited | Unaudited | Audited | Audited | Audited |
| 4. Revenue From Operations2. Other Income | 45,567.05727.63 | 38,607.98769.99 | 29,359.09455.90: | 146,426.171,133.19 | 127,727.68853.57 |
| 3. TOTAL INCOME4. EXPENSES | 46,295.58 | 38,777.97 | 29,814.99 | 1,47,559.36 | 1,28,581.55 |
| a. Cost of materials consumedb. Purchase of stock-in-trade | 26,129.067.26 | 22,613.23108.03 | 15,974.8845.66 | 78,118.13450.03 | 65,058.3070.20 |
| c. Changes in inventories of finished goodsd, Employee benefits expense | 370.092,746.55 | (2,200.78)3,448.59 | (614.25)3,240.23 | (2,658.92) 413,312.97 | (1,537.98)12,251.93 |
| e. Finance Costf. Depreciationg. Other expenses: | 3,618.342,220.40 | 2732.312,188.60 | 2,896.852,187.44 | 11,967.436,737.13 | 10,745.278,720.79 |
| Pawer & FuelOther Expenses | 4407.504.924.91 | 4,850.304,042.74 | 4,743,3944,991.71 | 19,475.0517,090.03 | 20,333.7716,699.09 |
| 5. TOTAL EXPENSES6. Profit / (Loss) before exceptional items and tax | 44,423.511,872,07 | 37,783.02994.89 | 33,405.86(3,590.87) | 1,46,191.851,367.51 | 1,32,547.39(3,965.84) |
| 7. Exceptional items | |||||
| 8, Profit / (Loss) before tax | -1,872.07 | -994.89 | =(3,590.87) | 1,367.51 | ®(3,965.84) |
| Tax expense :a. Current tax | 250.00 | ie | = | 250.00 | - |
| b. Deferred tax9. TOTAL TAX EXPENSE | 975.114,225.11 | 375.90375.30 | (7,085.73)(7,085.13) | 738.20983.20 | (1,289.68)(1,285.68) |
| 10. Net Profit / (Loss) For the period | 646.96 | 679.59 | (2,505.74) | 379.31 | (2,676.16) |
| 41. Other Comprehensive Income (Loss)A i) terns that will not be reclassified to profit or loss | |||||
| (Acturial gain / (loss) on employee defined benefit fund recognisedin Other Comprehensive Income} | (63.97) | 37.16 | 68.73 | 47.50 | 148.62 |
| A il) Income tax relating to items that will will not be reclassified to profit or loss}B i) Items that will not be reclassified to profit or loss | 22.42 | (43.0%) | (24.06)= | (16.60)]= | (52.02)= |
| B ii) Income tax relaling to items that will be reclassified to profit or lossTotal Other Comprehensive Income | (41.55) | 24.15 | 44.67 | 30.90 | 96.60 |
| 12. Total Comprehensive Income | 605.40 | 643.74 | (2,461.07) | 410.21 | (2,579.56) |
| 13. Paid-up equity share capital (Face value of Rs. 2/- each) | 5,220.61 | 5,220.61 | 5,220.61 | 5,220.61 | 5,220.67 |
| 44, Earnings per share (Basic and Diluted)* Not annualised | 0.25¥ | O24* | (0.96)z | 015 | (1.12) |
| SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED : | QUARTER ENDED | YEAR | PREVIOUS | ||
| 31.03.2021 | 31.12.2020 | 31.03.2020 | ENDED31.03.2021 | YEAR END31.03.2020 | |
| Audited | Unaudited | Audited | Audited | Audited | |
| PARTICULARS | 5,060.056,571.06 | 4,192.4210,435.79 | 17,869.5335,570.97 | 19,826.4946,752.96 | |
| 4,489.228,090.70 | 4,446.76 | 5,977.31 | 3,963.7045,409.88 | ||
| 2,245.3725,915.86 | 4,770.3920,790.00 | 10,858.89 | 70,815.87 | ||
| 4,590.89235.91 | 4,264.62277.86 | 2,167.75272.48 | 14,857.251,335.24 | 10,294.88VATS.77 | |
| 45,567.95 | 38,607.98 | 29,359.09 | 1,46,426.17 | 1,27,727.68 | |
| 28.46(700.99), | 307.93(1,186.87) | 572.99(22.16) | 668.43(1,355.09) | 3,473.655,327.84 | |
| (50.38)4,740.041.419.394 | (279.29)3,604.561,267.72 | (526.18) ($49.31)189.68 | (1,109.53)10,721 593,831.91 | (2,238.98)(1,795.05)1,264.80 | |
| 53.945,490.41 | 19.153,727.20 | 40.97(694.02) | orf.G313,334.94 | 748.186,779.43 | |
| InterestExceptional Items -( Profit) / Loss | 3,618.34: | 2792.31- | 2,896.05> | 11,067.43> | 10,745.27- |
| 1,872.07 | 994.89 | (3,590.87) | 1,367.51 | (3,965.84) | |
| 30,587.1350,769.11 | 30,696.61$1,560.37 | 29,564.35S0AG7.Ag | 30,587.1350,769.14 | 29,564.3550,167.49 | |
| 39,061.2521,554.95, | 39,766.6921,807.87 | 40,606.7016,864.64 | 30,051.2521,654.95 | 40,606.7018,864.84 | |
| 27,396.20114,792.70 | 28,513.9311,783.45 | 29,174.7240,727.41 | 27,396.2041,792.70 | 29,174.7210,721.41 | |
| 1,81,151.35 | 1,84,128.92 | 1,79,099.54 | 1,81,151.35 | 1,79,099.51 | |
| §,085.1412,904.341,763.10 | 5,854.2112,001.393,938.69 | 6,460.2718,259.154,B84,76 | $5,085.7412,904.341,763.10 | §,460.2718,259.151,884.76 | |
| ) Segment Revenue : ( Gross Income )'a. Soda Ashlb. Caustic Sodaic. Synthetic Iron Oxide Pigmentid. PVGie. CPYCle, Others / Unallocated'Gross Sales from operationi. Segment Results : (Profit before Interest and Tax)a. Soda Ashb. Caustic Sodaic. Synthetic ron Oxide Pigmentid, PVGle, CPVCFf. Others UnallocatedTotal :Less :TOTAL PROFIT BEFORE TAXiii. Capital Employed (Segment Assets )ia. Soda Ashib. Caustic Sodaic. Synthetic Iron Oxide Pigmentid. PVCie. CPVC}f. Others / UnallocatedTotal :iii. Capital Employed (Segment Liability )ja. Soda Ashb, Gaustic Sodaic: Synthetic ron Oxide Pigmentid. PVCie. CPVCOthers | 25,725.922,549.78 | 21,393.693,080.11 | 23,013.333,019.88 | 25,725.922,549.78 | 23,013.333,019.86 |
| STATEMENT OF ASSETS & LIABILITIES : | ||
|---|---|---|
| As at 31.03.2021 | As at 37.03.2020 | |
| Particulars | Audited | Audited |
| ASSETS | ||
| 1. Non Current Assets(a) Property, Plant and Equipment | 1,40,691.76 | 1,46,698.85 |
| (bo) Capital work in progress | 381.10 | 1246.75 |
| Financial Assets(c) | ||
| (i) Investments | 0.86 | 0.88 |
| (li) Loans(iii) Other Financial Assets | 1,055.703738.83 | 756.14415.63 |
| ¢) Income Tax Assets (Net) | 137.85 | 146.66 |
| d) Other Non-Current Assets | 399.95 | 332.38 |
| 'Sub total - Non current assets2. Current assets | 1,46,406.05 | 1,49,579.27 |
| {a) Inventories: | 16,903.77 | 17,701,859 |
| (bd). Financial Assets(i) Trade receivables | 9,519.96 | 7,267.51 |
| (ii) Cash and Cash equivalents | 5,000.50 | 870.07 |
| (iii) Bank Balances Other than above | 7,244.88 | 4,146.98 |
| fiv) Loans(c) Other Current assets | 119.862,324.22 | 164.373,636.06 |
| Sub total - Current assets | 41,178.19 | 33,786.46 |
| TOTAL ASSETS | 1,87,524.24 | 1,83,365,73 |
| EQUITY AND LIABILITIESA. Equity | ||
| (a) Equity Share Capital | 5,220.61 | 5,229.67 |
| (b) Other Equity | 63,498.94 | 62,560.43 |
| Total - EquityB. Liabilities | 68,779.55 | 67,781.04 |
| Non - Current fiabilities.1 | ||
| (a) Financial Liabilities: | ||
| Long Term Borrowings | 52,273.703,737.64 | 46,737.10ToMed |
| Other Financial Liabilities(b) Provisions | 4532.37 | 1,366,497 |
| (c) Deferred Tax Ligbilities (net) | 6,155.38 | 5,400.58 |
| (d) Other Non Current liabilities | 979.49 | 1048.78 |
| Total - Non Current liabilities2. Current liabilities | 64,678.55 | 55,558.09 |
| (a) Financial Liabilities | ||
| (i) Short Term Borrowings | 6,577.81 | 6,361.35 |
| (i) Trade payablesOues to Micro and Small Enterprises | 796,58 | 692.24 |
| Dues to Other than Micro and Small Enterprises | 29,001.79 | 31,629.26 |
| (i), Other Financial liabilities | 7,688.51 | 12,627.51 |
| (b) Provisions(ce) Other Current abilities | 669.409,568.05 | 474.768,244.48 |
| Total - Current liabilities | 54,726.14 | 60,026.60 |
| TOTAL - EQUITY AND LIABILITIES | 1,87,524.24 | 1,83,365.73 |
| Cash Flow Statement for the year ended 31" March 2024 | ||
| Oues to Micro and Small Enterprises | 796,58 | 692.24 | ||
|---|---|---|---|---|
| Dues to Other than Micro and Small Enterprises | 29,001.79 | 31,629.26 | ||
| (i), Other Financial liabilities | 7,688.51 | 12,627.51 | ||
| (b) Provisions | 669.40 | 474.76 | ||
| (ce) Other Current abilities | 9,568.05 | 8,244.48 | ||
| Total - Current liabilities | 54,726.14 | 60,026.60 | ||
| TOTAL - EQUITY AND LIABILITIES | 1,87,524.24 | 1,83,365.73 | ||
| Cash Flow Statement for the year ended 31" March 2024 | ||||
| Particulars | For the year ended 31.3.2021 | For the year ended 31.3.2020 | ||
| A.Cash flow from Operating Activities | ||||
| Net profit before tax | 1,367.51 | (3,965.84) | ||
| Adjustments for : Non cash Items | ||||
| Depreciation and amortisation expense | 8,737.13 | 8,720.79 | ||
| Unrealized Exchange Loss / (Gain) | 14.28 | 1,123.91 | ||
| Finance Costs | 11,967.43 | 10,745.27 | ||
| Interest income | (407.50}) | (246.73) | ||
| (Profit} / Loss on Sale of Asset (NET) | 0.54 | 74.83 | ||
| Income Recegnized Against Capital Grant | (69.28) | (89.28) | ||
| Provisions made/(written back) during currant year | 253.60 | 253,02 | ||
| Unclaimed balances written back | 14.72 | 20,507.52 | (297.03) | 20,304.78 |
| Operating profit before working capital changes | 21,875.43 | 16,338.94 | ||
| Adjustments for: Working Capital | ||||
| Trade receivables & other current assets. | (896,16) | (2,064.65) | ||
| Long term loans & advances. | (385.13) | 1,690.21 | ||
| Inventories | 792.82 | (5,470.31) | ||
| Trade and other payables | 384,45 | (104.02) | 7,791.59 | 1,946.84 |
| Cash generation from operations | 21,771.41 | 418,285.76 | ||
| Unrealized Exchange Loss / (Gain) | (11.28) | (1,123.94) | ||
| Direct taxes paid (Net off Refund) | 81 | (208.39) | ||
| Net cash flow from operating activities | 21,768.94 | 16,952.48 | ||
| 8. Cash flow from Investing Activities | ||||
| Purchase of fixad Assets | (1,787.51) | (1,574.55) | ||
| Sale of Fixed Assets | 16.09 | 19.88 | ||
| Fixed Deposit with Bank | (6.421.710) | (2,990.24) | ||
| Interest income | 407.50 | 246.79 | ||
| Net cash used In investing activities | (7,785.02) | (4,298.28) | ||
| iG. Cash flow from Financing Activities | ||||
| Proceeds from issue of share capital | - | 7,207.73 | ||
| Proceeds from Long-Term Borrowings | 46,697.00 | 20,358.00 | ||
| Repayment of Long Term Borrowings {term loans} | (43,454.82) | (19,798.06) | ||
| Short Term Borrowings (Net) | 150.45 | (9,058.11) | ||
| Unpaid Dividends transferred to Investor Education and Protection Fund | (11.35) | (10.56) | ||
| Finance Casts: | (13,212.84), | (10,877.23) | ||
| Lease Liability paid | (21.91) | (24.32) | ||
| Net cash used in financing activities | (9,853.43) | 41,899.55) | ||
| Net increase/ (Decrease) in Cash and Cash equivalents | 4,130.49 | 754.65 | ||
| Opening Gash and Gash Equivalents | ||||
| Closing Cash and Cash Equivalents | 870.075,000.50 | 1135.36 | ||
| 870.01 |
Ch
| NoTEs : |
|---|
| 1. The. above financial results are drawn in accordance with the accounting policies consistently followed by the Company. The results have been reviewed by the Audit Commilles andapproved by the Beard of Directors at their meeting held on May 21, 2021.2. The results for the quarter and yoor anded 31st March, 2027 are in compliance with IND-AS as preseribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies(indian Accounting Standards) Rules, 2015 and Companies (indian Accounting Standards) Amendment Rules, 2016. |
| 3. In the matter ofA. Tamil Nadu Electricity Tax demand of R's. 6429.26 facs in resoect of captive power genérated at Sahupuram unit for the period 2003 to 2019 & others, the Company has bean legally advisedand !s hopeful of favourable outcome before the Supreme Court onthe invalidity of and the retrospective application of the Amending Act of 2003 ard in the wnt petition filed before the Hon'bleMadras High Court. No provision is considered nasessary by the management for the Electricity Tax demand, |
| 8. In respect of demand of differential duty of Customs of Rs. 3464.60 lacs in respect of caal imports in earlier years tha Company has.been legally advised that it has the fair chance of succassbefore CESTAT, Accordingly no provision has been miade in the accounts,C. In the matter of re-possession notice issued by the Stale Government and demand of lease rent relating to land at Sahupuram works for which the assignment deeds are still to be executed, |
| the Company has been legally advised that it kas very good case.and hence the ownership of the land would be avritually transferred in the name of thaCompany as per Sec.534 of the Transfer of Property Act. Accordingly the said land is reated as ""reahold".4, During the year ended 31st March, 2021, the Company has received Rs. 362.92 Crores on allolment of Non Convertible Debentures & Rs.60 Crores on allotrnent of Optionally ConvertibleDebentures. |
| 5. In pursuance of Section 115BAA of the income tax act, 1961 notified by the Government of India through taxation Law (Ammendment) Ordiance 2019, Company has an option of shifting to lowertax rate along with consequent reduction in certain tax incentives, The company is in process of evaluating the option and the impact, if any, thereof shail ba taken at the time of exercising the option.Cavid-19 Impact Analysis :6,"The outhreak of corone virus (COVID-19) pandemic glabally and in India is causing disturbance and slowdown of economic activity. The Company's operations and revenue during the current quarter |
| were impacted due to COVID-19. The Company has taken into acéount the possible impact of COVID-19 in preparation of the audited financial results, including ils assessment of recoverable valueof its assets based on internal and external information pte the date of approval of these audited financial resul!s and current indicators of future economic conditions."7. The Deferred Tax includes MAT Credit Entitlement. and reversal of MAT Credit unutilised,8. The figures for the Jast quarter are the balancing figures between the audited figures in respect of the full financial year and the year to dalblished figures upto the third quarter of the financial year. |
| 9. The figures for the corresponding previous periods have been resiated 'regrouped wherever necessary, lo make them comparable.Board of DirectorsFor andon behaif of the |
| Place ; MumbaiDated : 21" May, 2027 |
| DCW LIMITED - Manufacturers of CHEMICALS THAVisit us at : www.dcewitd.com |