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SIEMENS2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500550 SIEMENS NOTLISTED Siemens Limited Equity 2022-10-01 2023-09-30 2023-11-28 2023-11-21 INR Millions Yearly 14:15:00 18:00:00 2023-11-28 2023-11-28 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2023-07-01 2023-09-30 Audited Consolidated 58077000000.00 1455000000.00 59532000000.00 11525000000.00 13035000000.00 3443000000.00 5141000000.00 49000000.00 786000000.00 17931000000.00 51910000000.00 7622000000.00 0.00 7622000000.00 2019000000.00 -114000000.00 1905000000.00 0.00 5717000000.00 0.00 0.00 0.00 -1000000.00 5716000000.00 -120000000.00 5596000000.00 5713000000.00 3000000.00 5593000000.00 3000000.00 712000000.00 2 16.05 16.05 0.00 0.00 16.05 16.05 1) On 1 July 2023, the Holding Company acquired Electric Vehicle division of Mass-Tech Controls Private Limited for a cash consideration of Rs. 380 million, subject to adjustments mutually agreed between the parties to the transaction. The fair value of assets and liabilities acquired have been determined provisionally in accordance with IND AS 103 'Business Combinations'. The purchase price has been provisionally allocated to the assets acquired and liabilities assumed based on the estimated fair values at the date of acquisition. The excess of the purchase price over the fair value of the net assets acquired has been allocated to goodwill. The Group believes that the information provides a reasonable basis for estimating the fair values of assets and liabilities acquired, but the potential for measurement period adjustments exists based on a continuing review of matters related to the acquisition. The purchase price allocation is expected to be completed within one year. The provisional goodwill on the above transaction is Rs 332 million. 2) During the previous year, the Group completed the purchase price allocation in accordance with IND AS 103 'Business Combinations’ for C&S Electric Limited, a subsidiary Company which was acquired on 1 March 2021. The final sale share consideration was Rs. 21,637 million and the fair value of net identifiable assets acquired was finalised at Rs. 9,640 million, net of deferred tax impact. Goodwill of Rs.12,072 million was recorded. Subsequent changes in the sale share consideration post measurement period amounting to Rs. 227 million was accounted in the statement of profit and loss for the year ended 30 September 2022. 3) During the previous year, on 1 July 2022, the Holding Company divested its Large Drives Applications (LDA) business as a going concern on a slump sale basis to Siemens Large Drives India Private Limited for a cash consideration of Rs. 4,400 million. The gain on the sale transaction was Rs. 3,559 million for the quarter and year ended 30 September 2022. The tax expense on this transaction was Rs. 853 million (including write-off of deferred tax assets of Rs. 49 million) for the quarter and year ended 30 September 2022. The results of LDA business included in the financial results and segment results, disclosed as discontinued operations, are Rs. 2,706 million and Rs. 2,811 million for the quarter year ended 30 September 2022 respectively. 4) During the previous year, the Holding Company executed a Power Purchase Agreement and entered into a Share Subscription and Shareholders Agreement for the subscription of 26% of the paid-up equity share capital of Sunsole Renewables Private Limited (Sunsole). On 28 February 2022, Sunsole had allotted 26% of its paid-up equity share capital to the Holding Company as first tranche allotment for a consideration of Rs. 2.7 million and Rs. 11.4 million as second tranche allotment on 5 August 2022. The Group has accounted for the investment as per Equity Method under IND AS 28 'Investments in Associates and Joint Ventures'. 5) The Board of Directors have recommended a dividend of Rs. 10 per share for the year ended 30 September 2023 amounting to Rs. 3,561 million. 6) The figures for the quarter ended 30 September 2023 and 30 September 2022 are the balancing figures between the audited figures in respect of the full financial year and the unaudited nine months figures as reported by the Group. 7) Previous period figures have been regrouped / reclassified wherever necessary, to conform to current period classification. 8) The above Consolidated financial results were reviewed and approved by the Audit Committee and Board of Directors at their meetings held on 28 November 2023. 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