SOMANYCERA2023-10-012023-12-31 SOMANYCERA2023-10-012023-12-31 SOMANYCERA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SOMANYCERA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member SOMANYCERA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SOMANYCERA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member SOMANYCERA2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 531548 SOMANYCERA NOTLISTED Somany Ceramics Limited Equity 2023-04-01 2024-03-31 2024-02-01 2024-01-22 INR Lakhs Third quarter 15:30:00 16:45:00 2024-02-01 2024-02-01 Not applicable Single segment Ceramic Tiles and Allied Products 2023-10-01 2023-12-31 Unaudited Consolidated 6121400000.00 28100000.00 6149500000.00 1340800000.00 1405300000.00 -18600000.00 794200000.00 108800000.00 188200000.00 2009400000.00 5828100000.00 321400000.00 13000000.00 334400000.00 83900000.00 16500000.00 100400000.00 0.00 234000000.00 0.00 0.00 0.00 0.00 234000000.00 0.00 234000000.00 221900000.00 12100000.00 221900000.00 12100000.00 84948000.00 2 5.22 5.21 0.00 0.00 5.22 5.21 1. These financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 2. The business activity of the Company falls within a single operating business segment viz ‘Ceramic Tiles and Allied Products’ and hence there is no other reportable segment as per Ind AS 108 ‘Operating Segments’. 3. The Company has granted options to certain employees under the Employee Stock Options Plan, 2023 (ESOP 2023) during the quarter. The employee benefits expenses during the quarter and nine months ended December 31, 2023 includes provision for the fair value, measured in accordance with the provisions of Ind AS 102 Share-based Payment , of the options granted under ESOP 2023 and ESOP 2021. 4. Somany Max Private Limited (subsidiary company), has commenced commercial production of its Greenfield manufacturing facility of large format/slab tile of approximately 4 million square meters per annum in Gujarat, with w.e.f. January 29, 2024. 5. The shareholders of the Company vide postal ballot notice dated October 26, 2023 approved the proposal of buyback 14,70,588 fully paid-up Equity Shares of the Company on a proportionate basis, through the tender offer route, at a price of Rs. 850/- per Equity Share payable in cash for an aggregate amount not exceeding Rs. 12,500 Lakhs (excluding transaction cost and taxes) on December 2, 2023. The Tendering Period for the Buyback was opened on December, 21, 2023 and closed on December 28, 2023. During the month of January 2024, the Company bought back 14,70,588 fully paid-up Equity Shares and settled all valid bids and extinguished equity shares bought back. The total amount utilised in the buyback was Rs. 12,500 Lakhs (excluding transaction cost and taxes). 6. Exceptional Item a) The Company, in the earlier years, had impaired its Investment of Rs. 1,844 Lakhs in NCDs, issued by SREI Equipment Finance Limited. During the previous quarter, Hon’ble NCLT Kolkata has approved a resolution plan under Insolvency & Bankruptcy Code, 2016. In terms of the Approved Resolution Plan, the implementation notice was issued by National Asset Reconstruction Company Limited (“NARCL”) and Implementation and Monitoring Committee (“IMC”) authorized the administrator for commencement of the distribution with the record date set as at October 06, 2023. During the current quarter, the Company has received Rs. 130 lakhs in terms of the Approved Resolution Plan and equivalent provision for impairment has been reversed and disclosed under “Exceptional Item”. Further, pending ascertainment of the balance amount recoverable, the Company continues to carry balance amount of provision for impairment against these NCDs.. b) The Company has divested its investment in one of its subsidiary Somany Fine Vitrified Private Limited , w.e.f July 1, 2023 through an agreement, dated on August 26, 2023, with the existing shareholders of the subsidiary resulting loss on divestment of Rs. 337 lakhs in standalone financials results and Rs. 662 lakhs in consolidated financial results is shown under the head “Exceptional Item”, during the Nine Months ended December 31, 2023. 7. The Board of Directors has given approval for investment upto Rs. 376.20 Lakhs in equity shares of special purpose vehicle existing/ to be incorporated by CleanMax Enviro Energy Solutions Private Limited, as required under the provisions of the Electricity Act, 2003, for procuring solar power from energy based captive generating plant in the state of Haryana, subject to applicable laws. 8. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 1, 2024 and the statutory auditor of the company has carried out limited review of the same. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 18538300000.00 90200000.00 18628500000.00 4100200000.00 4198100000.00 120300000.00 2376600000.00 330300000.00 532100000.00 6005600000.00 17663200000.00 965300000.00 -53200000.00 912100000.00 269300000.00 -12200000.00 257100000.00 0.00 655000000.00 0.00 0.00 0.00 0.00 655000000.00 -700000.00 654300000.00 660700000.00 -5700000.00 658700000.00 -4400000.00 84948000.00 2 15.56 15.53 0.00 0.00 15.56 15.53 Other Expenses 757100000.00 Power and Fuel 1252300000.00 Other Expenses 2185400000.00 Power and Fuel 3820200000.00 0.00 -600000.00 0.00 100000.00