RANEHOLDIN2023-10-012023-12-31 RANEHOLDIN2023-10-012023-12-31 RANEHOLDIN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member RANEHOLDIN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member RANEHOLDIN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member RANEHOLDIN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member RANEHOLDIN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member RANEHOLDIN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member RANEHOLDIN2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505800 RANEHOLDIN NOTLISTED Rane Holdings Limited Equity 2023-04-01 2024-03-31 2024-02-08 2023-12-29 INR Lakhs Third quarter 16:55:00 17:27:00 2024-02-08 2024-02-08 Not applicable Single segment The Company holds strategic investments in subsidiaries and joint ventures (collectively called the Group), engaged primarily in manufacturing / marketing of components and providing technological services for the transportation industry, mainly the automotive sector and also provides management information technology and business development services to the Group 2023-10-01 2023-12-31 Unaudited Standalone 263100000.00 17000000.00 280100000.00 0.00 0.00 0.00 71500000.00 11600000.00 13000000.00 60100000.00 156200000.00 123900000.00 0.00 123900000.00 18200000.00 300000.00 18500000.00 0.00 105400000.00 0.00 0.00 0.00 0.00 105400000.00 -26600000.00 78800000.00 78800000.00 0.00 142800000.00 10 7.37 7.37 0.00 0.00 7.37 7.37 6. Share of P & L of JV disclosed in the unaudited consol FR includes the share of exceptional item, recorded by RNSS towards warranty provision amounting to Rs. 3,626 Lakhs for the yr Mar 31,23. RNSS has recorded an exceptional income of Rs. 297 Lakhs for the Co. Dec 31, 2023, Rs. 148 Lakhs for the Co. Sep 30, 23, and Rs. 445 Lakhs for the 9 months Dec 31,2023 in relation to sale of scrapped parts. These claims were incurred by RNSS towards incremental warranty claims with respect to certain specific lots of products sold by RNSS to one of its customers. RNSS has determined the amount based on technical estimates and is currently in discussions with various parties to determine and conclude on certain aspects that may impact the quantum of the final warranty liability to be borne by RNSS. 7. Exceptional items in the above FR includes the following: a. In respect of, Rt4u the Co. assessed the carrying value of its Inv. and considered the fair value changes thereto resulting in a reduction in the carrying value aggregating to Rs. 296 Lakhs for the nine months Dec 31, 2023; and Rs. 292 Lakhs for the year Mar 31, 2023 being shown as an exceptional charge in the standalone FR. The Co. had sold its entire investment in Rt4u for a consideration of Rs. 850 Lakhs in exchange for allotment of 862,505 eq. shares in eTran representing 11.94% stake in eTrans and Rt4u ceased to be a sub of the Co. effective July 19, 2023. recorded an exceptional income of Rs. 338 Lakhs for the qtr Sep 30, 2023 and nine months Dec 31, 2023 on account of sale of Rt4u in the unaudited Consol FR. b.REVL, incurred VRS expenditure of Rs. 9 Lakhs for the qtr Sep 30, 2023 and nine months Dec 31, 2023; and Rs. 48 Lakhs for the qtr & nine months Dec 31, 2022 and year Mar 31, 2023. REVL had incurred a provision for customer quality claims for Rs. 113 Lakhs for the nine months Dec 31, 2023, Rs. 200 Lakhs for the qtr Dec 31, 2022, Rs. 420 Lakhs for the nine months Dec 31, 2022 and Rs. 619 Lakhs for the year Mar 31, 2023 towards estimated product liability costs, in respect of certain valves supplied to an overseas customer pending finalisation. REVL had initiated insurance claim in respect of the same, which is under process. The management is of the opinion that the provision carried as at Dec 31, 2023 is adequate to cover the estimated net liability. c. the Group had assessed the recoverable amount of the net assets of LMCA the erstwhile SDS in the U.S , which represents a single CGU. Based on such assessment, the Group had recorded an impairment charge of Rs. 904 Lakhs as an exceptional item in the unaudited Consol FR during the year Mar 31, 2023. RMIH had sold its entire stake in LMCA on Sep 14, 2023 for a consideration of USD 4.9 million. Accordingly, for the qtr Sep 30, 2023 and nine months Dec 31, 2023, the Group had recorded loss on sale of the aforesaid RML's erstwhile step down sub aggregating to Rs. 8,546 Lakhs in the unaudited Consol FR as an exceptional item. Consequent to the sale of LMCA, RMIH, a reduction of capital in the NCRPS issued to the RML. RML had determined that it is eligible to claim the tax benefit arising from such losses and had accordingly recorded a deferred tax asset of Rs. 11,334 Lakhs in the qtr Sep 30, 2023 and nine months Dec 31, 2023. RML had also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this deferred tax asset. one time warranty related costs and VRS expenditure of Rs. 1,875 Lakhs for the nine months Dec 31, 2023, and VRS expenditure of Rs. 261 Lakhs for the qtr & nine months Dec 31, 2022 and year Mar 31, 2023. 11. RML has set up a new sub namely RACM. and is currently in the process of setting up the mfg facility. Accordingly, the Consol FR include the financial performance of this SDS effective from the qtr Dec 31, 2023. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 1207900000.00 22200000.00 1230100000.00 0.00 0.00 0.00 209300000.00 36400000.00 37300000.00 187200000.00 470200000.00 759900000.00 -29600000.00 730300000.00 112400000.00 -1200000.00 111200000.00 0.00 619100000.00 0.00 0.00 0.00 0.00 619100000.00 -17700000.00 601400000.00 601400000.00 0.00 142800000.00 10 43.35 43.35 0.00 0.00 43.35 43.35 Information systems expenses 21000000.00 Other expenses 25200000.00 Professional charges 13900000.00 Information systems expenses 60800000.00 Other expenses 80500000.00 Professional charges 45900000.00 -35600000.00 -23700000.00 -9000000.00 -6000000.00