SHAHALLOYS2023-10-012023-12-31 SHAHALLOYS2023-10-012023-12-31 SHAHALLOYS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SHAHALLOYS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member SHAHALLOYS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member SHAHALLOYS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SHAHALLOYS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member SHAHALLOYS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member SHAHALLOYS2023-12-31 SHAHALLOYS2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SHAHALLOYS2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 513436 SHAHALLOYS NOTLISTED Shah Alloys Limited Equity 2023-04-01 2024-03-31 2024-02-08 2024-01-29 INR Crores Third quarter 18:00:00 19:15:00 2024-02-08 2024-02-08 Not applicable Single segment INGOTS OF IRON AND STEEL & OTHER PRIMARY FORMS 2023-10-01 2023-12-31 Unaudited Consolidated 1428200000.00 18600000.00 1446800000.00 1000200000.00 0.00 80800000.00 53100000.00 10400000.00 22300000.00 382600000.00 1549400000.00 -102600000.00 -156000000.00 -258600000.00 0.00 -26400000.00 -26400000.00 0.00 -232200000.00 0.00 0.00 0.00 -8900000.00 -241100000.00 1600000.00 -239500000.00 0.00 0.00 0.00 0.00 198000000.00 10 -12.18 -12.18 0.00 0.00 -12.18 -12.18 0.00 0.00 0.00 1 The Company has entered into a Settlement Agreement dated 13.12.2023 with Giant Stride Capital MU Limited (formerly known as AMIF Limited), who had initiated legal proceedings against the Company claiming to be the alleged Bondholder of Foreign Currency Convertible Bonds. While the matter was sub judice, without admitting any liability as due and payable under the said Bonds, in order to buy peace mind and to put an end to the litigation, the Company has entered into a Settlement Agreement dated 13.12.2023 with the said claimant and agreed to pay an amount of Rs.1560 lakhs as the settlement amount. The Company has made a provision of this settlement amount in the profit and loss account as an “ Exceptional Item” and the same has been disclosed accordingly. 2 The above Unaudited consolidated results were reviewed and recommended by the Audit Committee and were approved by Board of Directors in the meeting held on 8th February, 2024. The Statutory auditors have carried out a Limited Review of the Financial Results for the Quarter ended on 31st December, 2023. 3 The Consolidated Results for the quarter ended 31st December, 2023 have been prepared in accordance with The Companies (Indian Accounting Standards) Rules, 2015 (IND AS) notified by the Ministry of Corporate Affairs. 4 The format for above consolidated results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with requirements of SEBI's Circular dated July 5, 2016, IND AS and Schedule III [Division II] to the Companies Act, 2013 applicable to companies that are required to comply with IND AS. 5 The Ind-AS compliant consolidated financial results, pertaining to the relevant periods of the previous year as applicable, have not been subjected to limited review or audit. However, the management has exercised necessary due diligence to ensure that the financial results provide a true and fair view of its affairs. 6 The management expects that the loss of allowance if any as per Expected credit loss Method on the financial assets will not be material enough in the quarter ended 31st December, 2023 and hence, the Management has not given effect of the same in the consolidated financial results . 7 The management expects that the impact of Effective Interest Method to the Finance cost as per the Requirement of IND AS 109 on the financial Results will not be material enough in the quarter ended 31st December, 2023 and hence, the Management has not given effect of the same in the consolidated financial results . 8 With reference to above, we submit that regarding segment reporting as per Indian Accounting Standard 108 applies to business segments or geographical segments. In case of our company, we are manufacturing Steel products only and further our manufacturing is limited to locally only, as such Indian Accounting Standard 108 is not applicable to us. 9 In accordance with Paragraph 38 and 39 of IND AS 28, the Company had not recognized its further share in Losses of Associate as it exceeded the Net Interest in the Associate. The Company has started recognizing its share of profit in Associate in Consolidated Financial Statements as per Equity Method as its share of profits equals losses not recognized. 10 Previous period figures have been regrouped and / or rearranged wherever necessary to make their classification comparable with the current period. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 4645100000.00 203200000.00 4848300000.00 3313700000.00 0.00 121900000.00 176200000.00 31500000.00 66900000.00 1229100000.00 4939300000.00 -91000000.00 -156000000.00 -247000000.00 0.00 -24500000.00 -24500000.00 0.00 -222500000.00 0.00 0.00 0.00 -8000000.00 -230500000.00 4800000.00 -225700000.00 0.00 0.00 0.00 0.00 198000000.00 10 -11.64 -11.64 0.00 0.00 -11.64 -11.64 0.00 0.00 0.00 Consumption of Stores & Spares 111800000.00 Other Expenditure 29100000.00 Power Cost 241700000.00 Consumption of Stores & Spares 392000000.00 Other Expenditure 91300000.00 Power Cost 745800000.00 0.00 0.00 Other Comphrehensive income net of tax 1600000.00 Other Comphrehensive income net of tax 4800000.00 1600000.00 4800000.00 0.00 0.00