Integrated Filing — IndAS



General information about company
Scrip Code 543325
NSE Symbol ROLEXRINGS
MSEI Symbol NA
ISIN INE645S01016
Name of company ROLEX RINGS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Diversified Auto Components
Start date and time of board meeting 30-May-2025   16:15:00
End date and time of board meeting 30-May-2025   16:49:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2021-03-12
Indicate Company website link for updated RPT policy of the Company https://www.rolexrings.com/wp-content/uploads/2021/04/Policy-on-Related-party-Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2838870000 11548020000
Other income 98830000 284640000
Total income 2937700000 11832660000
2 Expenses
(a) Cost of materials consumed 1566990000 5941980000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -56120000 -95690000
(d) Employee benefit expense 169030000 688970000
(e) Finance costs 11320000 23790000
(f) Depreciation, depletion and amortisation expense 116390000 404200000
(f) Other Expenses
1 Miscellaneous Expenses 636820000 2606510000
Total other expenses 636820000 2606510000
Total expenses 2444430000 9569760000
3 Total profit before exceptional items and tax 493270000 2262900000
4 Exceptional items 0 -186000000
5 Total profit before tax 493270000 2076900000
6 Tax expense
7 Current tax -54760000 359160000
8 Deferred tax 1640000 -22230000
9 Total tax expenses -53120000 336930000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 546390000 1739970000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 546390000 1739970000
17 Other comprehensive income net of taxes -1640000 -740000
18 Total Comprehensive Income for the period 544750000 1739230000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 272330000 272330000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 20.06 63.89
Diluted earnings (loss) per share from continuing operations 20.06 63.89
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 20.06 63.89
Diluted earnings (loss) per share from continuing and discontinued operations 20.06 63.89
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 4439900000
Capital work-in-progress 343890000
Investment property 0
Goodwill 0
Other intangible assets 4170000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 90490000
Total non-current financial assets 90490000
Deferred tax assets (net) 35670000
Other non-current assets 110280000
Total non-current assets 5024400000
2 Current assets
Inventories 2439500000
Current financial asset
Current investments 2609800000
Trade receivables, current 1926850000
Cash and cash equivalents 488810000
Bank balance other than cash and cash equivalents 190960000
Loans, current 440000
Other current financial assets 46270000
Total current financial assets 5263130000
Current tax assets (net) 0
Other current assets 95050000
Total current assets 7797680000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 12822080000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 272330000
Other equity 10448740000
Total equity attributable to owners of parent 10721070000
Non controlling interest
Total equity 10721070000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 0
Provisions, non-current 47570000
Deferred tax liabilities (net) 371310000
Deferred government grants, Non-current 0
Other non-current liabilities 60000
Total non-current liabilities 418940000
Current liabilities
Current financial liabilities
Borrowings, current 141090000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 37430000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 863840000
Total Trade payable 901270000
Other current financial liabilities 74310000
Total current financial liabilities 1116670000
Other current liabilities 41270000
Provisions, current 515650000
Current tax liabilities (Net) 8480000
Deferred government grants, Current 0
Total current liabilities 1682070000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 2101010000
Total equity and liabilites 12822080000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 1640000 740000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -1640000 -740000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2076900000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 23790000
Adjustments for decrease (increase) in inventories -34830000
Adjustments for decrease (increase) in trade receivables, current 273710000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -8200000
Adjustments for other financial assets, current 150190000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -106570000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 404200000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 201760000
Adjustments for other financial liabilities, non-current 3270000
Adjustments for unrealised foreign exchange losses gains -27150000
Adjustments for dividend income 0
Adjustments for interest income 19080000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -128450000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -2450000
Other adjustments for non-cash items -920000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 729270000
Net cash flows from (used in) operations 2806170000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 533730000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 2272440000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 523180000
Proceeds from sales of investment property 21970000
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 19080000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1428400000
Net cash flows from (used in) investing activities -1910530000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 39120000
Payments of lease liabilities 50000
Dividends paid 0
Interest paid 22640000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -61810000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 300100000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 300100000
Cash and cash equivalents cash flow statement at beginning of period 188710000
Cash and cash equivalents cash flow statement at end of period 488810000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S R B C & CO LLP Yes 28-Feb-2026


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 11832660000 11832660000
2 Total Expenditure 9569760000 9569760000
3 Net Profit/(Loss) 1739970000 1739970000
4 Earnings Per Share 63.89 63.89
5 Total Assets 12822080000 12822080000
6 Total Liabilities 2101010000 2101010000
7 Net Worth 10721070000 10721070000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) We draw attention to Note No. 4 of accompanying standalone financial results. nIn respect of the demand notice for Rs 2,278.60 million received by the Company from the consortium member banks, the Company has recognised total provisions of Rs 506 million. Pending on final outcome of the Company's negotiations in this regard as stated in the said note, we are unable to comment on the further adjustments, if any, that may be required to the financial results, in this regard. Accordingly, our audit opinion is qualified in respect of this matter. n
Textual Information(2) Not Applicable
Textual Information(3) Management of the company estimated the maximum liability of RoR to Rs.506 million, the same has been stated as sacrifice amount in the CDR Approval letter dtd. January 9,2013. The company has already provided Rs.506 million in the books of accounts. Further lenders have obtained legal opinion on the matter which states that RoR should not be more than the amount calculated as decided at the time of restructuring.
Textual Information(4) Not Applicable
Textual Information(5) Pending on final outcome of the Company's negotiations in this regard as stated in the said note, we are unable to comment on the further adjustments, if any, that may be required to the financial results, in this regard


Signatories detail
Name of CEO / Managing director MANESH DAYASHANKAR MADEKA
Name of CFO HIREN DILIP DOSHI
Name of audit committee chairman PRAVINCHANDRA RATILAL DHOLAKIA
Name of statutory auditor SUMITKUMAR AGRAWAL
Name of other signatory, if any, with designation
Place RAJKOT
Date 30-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 ROLEX RINGS LIMITED Manesh Dayashankar Madeka Managing Director and Chairman Remuneration 12000000 NA 6000000 0 0
2 ROLEX RINGS LIMITED Bhautik Dayashankar Madeka Wholetime Director and Promoter Remuneration 9360000 NA 4500000 0 0
3 ROLEX RINGS LIMITED Mihir Rupeshkumar Madeka Wholetime Director and Promoter Group Remuneration 8400000 NA 3600000 0 0
4 ROLEX RINGS LIMITED Rupesh Dayashankar Madeka Relative of Director and Promoter Any other transaction Salary 12000000 NA 2400000 0 0
5 ROLEX RINGS LIMITED Pinakin Dayashankar Madeka Relative of Director and Promoter Any other transaction Salary 12000000 NA 5250000 0 0
6 ROLEX RINGS LIMITED Jiten Dayashankar Madeka Relative of Director and Promoter Any other transaction Salary 12000000 NA 2400000 0 0
7 ROLEX RINGS LIMITED Ashok Dayashankar Madeka Relative of Director and Promoter Group Any other transaction Salary 12000000 NA 2400000 0 0
8 ROLEX RINGS LIMITED Bharat Jiten Madeka Relative of Director and Promoter Group Any other transaction Salary 12000000 NA 3600000 0 0
9 ROLEX RINGS LIMITED Hemal Paresh Madeka Relative of Director and Promoter Group Any other transaction Salary 12000000 NA 2400000 0 0
10 ROLEX RINGS LIMITED Sanjay Bhagwanji Bole Relative of Director and Promoter Group Any other transaction Salary 6000000 NA 1800000 0 0
11 ROLEX RINGS LIMITED Kartik Pinakin Madeka Relative of Director and Promoter Group Any other transaction Salary 2400000 NA 750000 0 0
12 ROLEX RINGS LIMITED RapidCut Enterprise over which Key Managerial Personnel are able to exercise significant influence Sale of goods or services 30000000 NA 2850000 0 0
13 ROLEX RINGS LIMITED RapidCut Enterprise over which Key Managerial Personnel are able to exercise significant influence Any other transaction Job Work 30000000 NA 4780000 0 0
14 ROLEX RINGS LIMITED Hiren Dilip Doshi Key Managerial Personnel Remuneration 6500000 NA 3000000 0 0
15 ROLEX RINGS LIMITED Hardik Dhimantbhai Gandhi Key Managerial Personnel Remuneration 900000 NA 320000 0 0
16 ROLEX RINGS LIMITED RapidCut Enterprise over which Key Managerial Personnel are able to exercise significant influence Any other transaction Rent 800000 NA 280000 0 0
17 ROLEX RINGS LIMITED Paresh Dayashankar Madeka Relative of Director and Promoter Group Any other transaction Salary 1000000 NA 300000 0 0
18 ROLEX RINGS LIMITED Revolve Engineering Enterprise over which Key Managerial Personnel are able to exercise significant influence Sale of goods or services 30000000 NA 2440000 0 0
19 ROLEX RINGS LIMITED Revolve Engineering Enterprise over which Key Managerial Personnel are able to exercise significant influence Sale of goods or services 2000000 NA 0 0 0
20 ROLEX RINGS LIMITED Revolve Engineering Enterprise over which Key Managerial Personnel are able to exercise significant influence Any other transaction Job Work 30000000 NA 4260000 0 0
21 ROLEX RINGS LIMITED Sanjay Bhagwanji Bole Relative of Director and Promoter Group Sale of fixed assets 20000000 NA 20000000 0 0
Total value of transaction during the reporting period 73330000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 141090000