SAGCEM2023-10-012023-12-31 SAGCEM2023-10-012023-12-31 SAGCEM2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SAGCEM2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member SAGCEM2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member SAGCEM2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SAGCEM2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member SAGCEM2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member SAGCEM2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 502090 SAGCEM Notlisted Sagar Cements Limited Equity 2023-04-01 2024-03-31 2024-01-24 2023-12-29 INR Lakhs Third quarter 14:30:00 16:35:00 2024-01-24 2024-01-24 Not applicable Single segment Cement 2023-10-01 2023-12-31 Unaudited Consolidated 6694100000.00 37300000.00 6731400000.00 1176900000.00 25900000.00 -125200000.00 299300000.00 488600000.00 562100000.00 4446600000.00 6874200000.00 -142800000.00 0.00 -142800000.00 13600000.00 -54600000.00 -41000000.00 0.00 -101800000.00 0.00 0.00 0.00 0.00 -101800000.00 0.00 -101800000.00 0.00 0.00 261400000.00 2 -0.78 -0.78 0.00 0.00 -0.78 -0.78 0.01 0.01 0.02 1. The above consolidated financial results of Sagar Cements Limited ( the Company ) as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on January 24, 2024. The statutory auditors of the Company have issued an unmodified conclusion in respect of the limited review of the quarter and nine months ended December 31, 2023. 2. The Group is engaged in manufacture and sale of cement and cement related products which constitutes a single reportable business segment as per Ind AS 108 - 'Operating Segments'. 3. The consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ( the Act ) read with relevant rules issued thereunder and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ( SEBI ). 4. The consolidated financial results includes the results of the Parent and its subsidiaries together referred to as the Group : a. Sagar Cements Limited (Parent company) b. Sagar Cements (M) Private Limited (formerly Satguru Cement Private Limited) (subsidiary company) c. Andhra Cements Limited (subsidiary company) (w.e.f. March 18, 2023) (Refer note 6) 5. On July 06, 2023, the Company had filed a Scheme of Amalgamation under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 for the merger of Jajpur Cements Private Limited (JCPL), a wholly owned subsidiary, with the Company with an appointed date of April 01, 2022. The scheme as approved by various regulatory authorities was sanctioned by Hyderabad bench of National Company Law Tribunal (NCLT) on September 14, 2023. The transaction being a common control business combination, merger accounting has been carried out under the Pooling of Interest Method. Accordingly, the assets and liabilities of JCPL are reflected in the standalone books of the Company at their respective carrying amounts and prior period amounts have been restated as if the business combination had occurred from the beginning of the preceding period. 6. The National Company Law Tribunal, Amaravati Bench, approved the terms of the Resolution Plan submitted by the Company to acquire Andhra Cements Limited (“ACL”) on February 16, 2023 pursuant to a Corporate Insolvency Resolution Process implemented under the Insolvency and Bankruptcy Code 2016 (the “Resolution Plan”), and the terms of the Resolution Plan are now binding on the Company. Pursuant to the Resolution Plan, the Company has subscribed to 95% of the reconstituted paid-up share capital of ACL for an aggregate amount of Rs.32,223 lakhs and remaining 5% of the reconstituted paid-up share capital of ACL continue to be held by the existing public shareholders. Consequently, the Company has acquired control over ACL w.e.f. March 18, 2023. In accordance with Ind AS 103 “Business Combination”, purchase consideration has been allocated on a provisional basis, pending final determination of the fair value of assets and liabilities acquired. Accordingly, the Company had recognized its capital reserve amounting to Rs.1,914 lakhs in the quarter ended March 31, 2023. Consequent to the above acquisition, the consolidated results of the current quarter/period are strictly not comparable to the corresponding quarter/period of the previous year. 7. Exceptional item in the consolidated financial results represents impairment reversal recorded during the previous quarter ended September 30, 2023, based on remeasurement of certain assets at fair value as per agreement entered by the subsidiary, Andhra Cements Limited. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 17959000000.00 103800000.00 18062800000.00 3330800000.00 141400000.00 -636900000.00 866400000.00 1393400000.00 1570600000.00 12479500000.00 19145200000.00 -1082400000.00 147900000.00 -934500000.00 13600000.00 -321400000.00 -307800000.00 0.00 -626700000.00 0.00 0.00 0.00 0.00 -626700000.00 0.00 -626700000.00 0.00 0.00 261400000.00 2 -4.79 -4.79 0.00 0.00 -4.79 -4.79 0.01 0.01 0.02 Freight and forwarding expenses 1215400000.00 Other expenses 735700000.00 Power and Fuel Expenses 2495500000.00 Freight and forwarding expenses 3349700000.00 Other expenses 2148000000.00 Power and Fuel Expenses 6981800000.00 0.00 0.00 0.00 0.00