SPORTKING2023-10-012023-12-31 SPORTKING2023-10-012023-12-31 SPORTKING2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SPORTKING2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member SPORTKING2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SPORTKING2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member SPORTKING2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539221 SPORTKING NOTLISTED Sportking India Limited Equity 2023-04-01 2024-03-31 2024-01-20 2024-01-10 INR Lakhs Third quarter 12:30:00 13:40:00 2024-01-20 2024-01-20 Not applicable Single segment Textile 2023-10-01 2023-12-31 Unaudited Standalone 5986970000.00 76914000.00 6063884000.00 4341478000.00 143000.00 -92785000.00 363104000.00 155773000.00 221254000.00 888512000.00 5877479000.00 186405000.00 0.00 186405000.00 45732000.00 2700000.00 48432000.00 0.00 137973000.00 0.00 0.00 0.00 0.00 137973000.00 0.00 137973000.00 0.00 0.00 128680000.00 10 10.86 10.86 0.00 0.00 10.86 10.86 Notes: 1.These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015, (as amended) as specified in Section 133 of the Companies Act, 2013 read with relevant rules Issued thereunder and requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2.The company is a single segment company engaged in textile business. 3.The Company is eligible for fiscal incentives under Industrial and Business Development Policy 2017 of Government of Punjab for its expansion project of manufacturing of cotton compact /Polyester Cotton Yarn completed in FY 2018-19 and FY 2022-23. Pursuant to the necessary approvals from the competent authorities resulting in satisfaction of recognition conditions for government grants in accordance with Ind AS 20, the company recognized Govt Grant amounting to Rs. 1811.89 lakhs during nine months ended 31st December 2023 (Rs. 1583.76 lakhs during quarter ended 30th September 2023 and Rs.228.13 lakhs during quarter ended 31st December 2023) under the head Other Income towards fiscal Subsidy pretaining to FY 2018-19 to FY 2022-23. 4.The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits has been notified in the Official Gazette on 29th September 2020. The draft rules have been released on November 13, 2020 and suggestions invited from stakeholders are under consideration by the Ministry. The impact of the change will be assessed and accounted in the period in which said rules are notified for implementation. 5.31,85,200, 5% Non-Convertible Non-Cumulative Redeemable Preference Shares having face value of Rs. 10/- each (8,85,200 Preference Shares issued during FY 2006-07 and 23,00,000 Preference Shares issued during FY 2010-11 at premium of Rs. 25/- per Share ) have been redeemed at a premium of Rs. 90/- per share during the year ended 31st March 2023. The difference between the carrying amount of the liability component of the said redeemed Preference Shares and consideration paid has been recognised as exceptional item in the Statement of Profit and Loss for year ended 31st March 2023. 6.After obtaining the approval from the Board of Directors on January 28, 2023, the Company initiated buyback process in accordance with the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 in respect of buyback of 5,80,000 equity shares having face value of of Rs.10/-each from the Shareholders of the Company on proportionate basis by way of tender offer route at a price of 950/- per share for an aggregate amount of 5510 lakhs (8.01% of the aggregate paid-up equity share capital and free reserves as per the latest audited financial statements of the Company for the financial year ended March 31, 2022) . The buy-back process has been completed on 17th April 2023. 7.The above Unaudited financial results for the quarter/nine month ended 31st December 2023 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 20th January 2024. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 17659662000.00 327947000.00 17987609000.00 12873880000.00 7543000.00 -92937000.00 1027006000.00 424704000.00 640318000.00 2463851000.00 17344365000.00 643244000.00 0.00 643244000.00 133924000.00 34500000.00 168424000.00 0.00 474820000.00 0.00 0.00 0.00 0.00 474820000.00 0.00 474820000.00 0.00 0.00 128680000.00 10 37.26 37.26 0.00 0.00 37.26 37.26 Other Expenses 494122000.00 Power and Fuel 394390000.00 Other Expenses 1299090000.00 Power and Fuel 1164761000.00