0000002021-10-012021-12-310000002021-12-310000002021-04-012021-12-310000002021-10-012021-12-31in-bse-fin:OtherExpenses1Member0000002021-04-012021-12-31in-bse-fin:OtherExpenses1Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments1Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments2Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments3Member0000002021-04-012021-12-31in-bse-fin:ReportableSegments1Member0000002021-04-012021-12-31in-bse-fin:ReportableSegments2Member0000002021-04-012021-12-31in-bse-fin:ReportableSegments3Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments1Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments2Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments3Member0000002021-04-012021-12-31in-bse-fin:ReportableSegments1Member0000002021-04-012021-12-31in-bse-fin:ReportableSegments2Member0000002021-04-012021-12-31in-bse-fin:ReportableSegments3Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments1Member0000002021-12-31in-bse-fin:ReportableSegments1Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments2Member0000002021-12-31in-bse-fin:ReportableSegments2Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments3Member0000002021-12-31in-bse-fin:ReportableSegments3Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments1Member0000002021-12-31in-bse-fin:ReportableSegments1Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments2Member0000002021-12-31in-bse-fin:ReportableSegments2Member0000002021-10-012021-12-31in-bse-fin:ReportableSegments3Member0000002021-12-31in-bse-fin:ReportableSegments3Member0000002021-10-012021-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss10000002021-04-012021-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares000000N.A.GOBINDINE246E01013GOBIND SUGAR MILLS LIMITEDEquity2021-04-012022-03-312022-02-032022-01-27INRLakhsThird quarterMulti segment2022-02-0315:30:002022-02-0317:55:00Not applicable2021-10-012021-12-31UnauditedStandalone111257100059511000117208200016141760000-76607100083396000223186000692700001513810001375338000-2032560000-2032560000-51160000-511600000-1520960000000-15209600084000-152012000004473000010-34-3400-34-341. Sugar is a seasonal industry where crushing normally takes place during the period between November and May, while sales take place throughout the year. Accordingly, the performance of the Company varies from quarter to quarter. <BR>
2. The financial results have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013. <BR>
3. The Company carries an amount of INR 6,734.50 lacs as deferred tax assets (net) as at 31 December 2021. The management of the Company is confident of generating sufficient taxable profits in the near future considering the power purchase arrangements with the Uttar Pradesh Power Corporation Limited, signed contracts for supply of ethanol with Oil Marketing Companies, reduced finance costs due to expected repayment of term loan, future expansion plans like setting up of 16 MW Co-generation Power Plant and industry focused trade policies of the government. <BR>
4. As on 31 December 2021, the accumulated losses of the Company amounted to INR 24,628.91 lacs. The management of the Company is confident to generate sufficient profits and cash from operations in near future considering improved sugar sale prices, industry focused state and central government trade policies, expanded operations in form of commencement of Ethanol Plant (Distillery having capacity of 100,000 litres per day) and setting up of 16 MW Co-generation Power Plant. Also, the Company has availed moratorium period for principal and interest payments, under Covid 19 - Regulatory Package announced by Reserve Bank of India by rescheduling its repayments of loans and payment of interest. In view of the same, the management of the Company is confident of generating sufficient cash flows in the future to meet the Company's financial obligations. Hence, these financial results have been prepared on a going concern basis. <BR>
5. The management of the Company has considered the possible impact of COVID 19 in preparation of these financial results including all internal and external sources of information, economic forecasts and estimates from market sources as at the date of the approval of these financial statements in determining carrying values of its assets and liabilities in accordance with applicable accounting standards. On the basis of the evaluation and current indicators of future economic conditions, the Company assessed the impact of the situation on the capital, profitability, liquidity positions etc., and based on their assessment, the pandemic does not have any material impact on the financial results of the Company. The management will continue to closely monitor any material change to future economic conditions and would take necessary action accordingly. <BR>
6. a. The Board of Directors of the Company, vide resolution dated 17 July 2020 has accorded its consent for Scheme of Amalgamation between Zuari Global Limited (the ultimate holding company), the Company and their respective shareholders and creditors (‘Scheme’). The Company received the observation letter of Metropolitan Stock Exchange of India on 18 January 2021 and approved the revised Scheme in its Board of Directors meeting held on 05 February 2021. The resolution for approval of the Scheme has been approved by the Equity Shareholders and Secured Creditors in their respective meeting held on 30 April 2021 as ordered by Hon’ble National Company Law Tribunal, Delhi Bench (NCLT) dated 15 March 2021. Thereafter, the Company have filed second motion application on 18 May 2021 which was heard and the Order was pronounced by Hon’ble NCLT Delhi Bench on 23 July 2021. Due to rapid spread of Covid cases, NCLT Delhi decided to hear urgent matters only and the matter is now listed for final hearing with NCLT on 17 March 2022. <BR>
b. The Board of Directors of Zuari Global Limited have also accorded consent to the Scheme vide their resolution dated 17 July 2020 and the shareholders have also approved the Scheme in their meeting held on 12 October 2021. ZGL has filed its second motion application on 21 October 2021 with NCLT Mumbai and due to rapid spread of Covid cases, NCLT Mumbai has decided to hear urgent matters only and date for final hearing is awaited. The appointed date of Amalgamation as per scheme is 01 April 2020. <BR>
7. Exceptional item represents loss recognised in the Statement of Profit & Loss for the year ended March 31, 2021 and December 31, 2020, due to degradation in quality of molasses pertaining to season 2017-18 and not considered fit for consumption by the management. <BR>
8. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 3 February, 2022. <BR>
9. The figures of previous reported quarters / periods have been regrouped / reclassified wherever considered necessary in order to comply with financial reporting requirements.2021-04-012021-12-31UnauditedStandalone409919000017388200042730720001688680000019774320002184270006992590002022840004009770005187059000-9139870000-9139870000-230051000-2300510000-6839360000000-683936000239000-683697000004473000010-152.9-152.900-152.9-152.9other expenses151381000other expenses400977000Sugar1060949000Power209155000Ethanol257774000Sugar3576707000Power235577000Ethanol10224530001527878000483473700041530700073554700011125710004099190000Sugar-114587000Power58534000Ethanol22175000Sugar-421472000Power-3837000Ethanol54174000-33878000-371135000223186000699259000-53808000-156407000-203256000-913987000Sugar4640924000Power1692781000Ethanol201216600083458710006755800009021451000Sugar3223895000Power0Ethanol03223895000728242300010506318000The Company reports (i) Sugar (ii) Power and (iii) Ethanol as per Ind AS 108 "Operating Segments") as reportable segments in accordance with Ind AS 108.Equity instruments designated at fair value through OCI113000113000Equity instruments designated at fair value through OCI3200003200002900081000