SHRIPISTON2023-10-012023-12-31 SHRIPISTON2023-10-012023-12-31 SHRIPISTON2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SHRIPISTON2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SHRIPISTON2023-12-31 SHRIPISTON2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SHRIPISTON2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SHRIPISTON2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SHRIPISTON2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares SHRIPISTON NA Shriram Pistons & Rings Limited Equity 2023-04-01 2024-03-31 2024-01-30 2024-01-18 INR Lakhs Third quarter 14:45:00 16:20:00 2024-01-30 2024-01-30 Not applicable Single segment Automotive Components 2023-10-01 2023-12-31 Unaudited Consolidated 7657400000.00 192500000.00 7849900000.00 3120500000.00 193600000.00 -273900000.00 1191700000.00 81600000.00 289700000.00 1812500000.00 6415700000.00 1434200000.00 0.00 1434200000.00 371900000.00 -15400000.00 356500000.00 0.00 1077700000.00 0.00 0.00 0.00 0.00 1077700000.00 8400000.00 1086100000.00 1073600000.00 4100000.00 1082400000.00 3700000.00 440500000.00 10 24.37 24.37 0.00 0.00 24.37 24.37 0.00 0.00 0.00 1. The Group deals primarily in automotive component segment. 2. The above results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard (referred to as IND AS ) 34 Interim Financial reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules made thereunder. 3. The Board of Directors of the Holding Company in its meeting held on February 08, 2023 has approved acquisition of majority stake of 75% in Takahata Precision India Pvt Ltd. (TPIPL) through SPR Engenious Limited (SEL), its wholly-owned subsidiary. The definitive agreements in connection with the acquisition transaction were executed on February 09, 2023. Further, on October 14, 2023, the Board of Directors of the Holding Company approved the proposal for amending the Share Purchase Agreement (SPA) and Shareholders' Agreement (SHA) in the form of addendums to the SPA and SHA dated February 9, 2023 with respect to acquisition of 62% stake in TPIPL through SEL. The acquisition of TPIPL has been completed on October 16, 2023. With this, TPIPL has become a step-down subsidiary of the Company. The total purchase consideration of Rs. 6,751 lacs, based on management estimates and fair values has been allocated as below: Particulars Amount (Rs. in lacs) Property, plant and equipment 13,211 Customer relationships 1,845 Customer orderbook 446 Non-compete agreement 327 Call option asset 410 Cash and bank balances 3,104 Net working capital 4,744 Debt (13,201) Non-controlling interest (4,138) Goodwill 3 Total Purchase Consideration 6,751 The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill. 4. The Holding Company has infused Rs. 5,000 lacs on December 21, 2023 (Rs. 16,000 lacs for the period ended December 31, 2023) by way of subscription to equity share capital in SEL. 5. The Board of Directors of Holding Company have approved the payment of interim dividend @ 50% i.e. Rs.5 /- on each equity share of the nominal value of Rs. 10/- each for the financial year ending March 31, 2024. The record date for the purpose of payment of interim dividend is fixed as February 09, 2024. 6. The above results were reviewed and recommended by Audit Committee of Holding Company in its meeting held on January 30, 2024 and taken on record by Board of Directors of Holding Company in its meeting held on January 30, 2024. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 22337700000.00 613400000.00 22951100000.00 8504300000.00 638300000.00 -364600000.00 3453100000.00 210200000.00 741300000.00 5456200000.00 18638800000.00 4312300000.00 0.00 4312300000.00 1126300000.00 -36200000.00 1090100000.00 0.00 3222200000.00 0.00 0.00 0.00 0.00 3222200000.00 29200000.00 3251400000.00 3229600000.00 -7400000.00 3259100000.00 -7700000.00 440500000.00 10 73.32 73.32 0.00 0.00 73.32 73.32 0.00 0.00 0.00 Other Expenses 1812500000.00 Other Expenses 5456200000.00 Remeasurements of the post employment defined benefit plans 12300000.00 Remeasurements of the post employment defined benefit plans 47000000.00 12300000.00 47000000.00 3300000.00 12000000.00 Fair value change of cash flow hedge -800000.00 Fair value change of cash flow hedge -7700000.00 -800000.00 -7700000.00 -200000.00 -1900000.00