RAMASTEEL2023-10-012023-12-31 RAMASTEEL2023-10-012023-12-31 RAMASTEEL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member RAMASTEEL2023-12-31 RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member RAMASTEEL2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member RAMASTEEL2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member RAMASTEEL2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member RAMASTEEL2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member RAMASTEEL2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539309 RAMASTEEL NOTLISTED Rama Steel Tubes Limited Equity 2023-04-01 2024-03-31 2024-02-14 2024-02-03 INR Lakhs Third quarter 16:00:00 17:25:00 2024-02-14 2024-02-14 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Standalone 2114545000.00 20251000.00 2134796000.00 1745677000.00 128952000.00 61016000.00 22827000.00 49576000.00 11325000.00 40071000.00 2059444000.00 75352000.00 0.00 75352000.00 18038000.00 332000.00 18370000.00 0.00 56982000.00 0.00 0.00 0.00 0.00 56982000.00 767000.00 57749000.00 0.00 0.00 509952000.00 1 0.08 0.08 0.00 0.00 0.08 0.08 Notes: 1. These Standalone financial results have been prepared in accordance with Indian Accounting Standards (lnd- AS) as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment thereafter. 2. The above Standalone financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on February 14, 2024. Limited review under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the statutory auditors of the company. The auditors have expressed an unqualified report on the above results. 3. The Board has decided to rescind the proposal for Scheme of Arrangement as proposed for amalgamation of M/s Lepakshi Tubes Private Limited with M/s Rama Steel Tubes Limited, which was considered and approved on February 14, 2022. The proposal were discussed in detail by the Board and it has been discussed that Post Covid pandemic, the market conditions have undergone drastically changes and due to these volatile market conditions and changes in the steel industry in this time period globally i.e. from application to current date the Applicant Companies are forced to reconsider the decision of merger. On re-evaluating their market positioning within the steel industry the management of both applicant companies has come to the conclusion that the two companies will now be at better competitive advantage working as two separate entities rather than amalgamating into one entity in the better interest of all stakeholders at large. Moreover, due to Transferor Company operating in south India, it may have established relationships with local stakeholders including suppliers, customers and regulatory bodies. A merger that does not align with these existing relationships or involves unfamiliar regional dynamics in changed market dynamics is deemed less desirable by the management of Applicant companies. 4. The company has forfeited 16,55,760/- number of warrants out of 37,50,000/- issued to The Great International Tuskar Fund , belonging to Non-Promoter warrant holder. Warrants were alloted on June 10, 2022 with the approval of the Board and Members of the Company in compliance with applicable provisions of Chapter V of SEBI (ICDR), regulations, 2018. The warrants should have been converted into equity shares of company within the period of 18 months from the date of allotment of the warrants. In view of the same, the due date for conversion of warrants was December 9, 2023 but due to non-receipt of balance 75% amount from The Great International Tusker Fund one of the warrants holders of the Company, even after giving several reminder via electronic mail and phone call, the Board of Directors of the Company approved the forfeiture of the application money paid amounting to 25% of the total amount payable for the allotment of the warrants to the Company in accordance to the regulation 169(3) of SEBI (ICDR), Regulations, 2018. Therefore a sum of Rs.316.25 Lakhs earlier received and disclosed as money received against share warrants under Other Equity has been forfeited and shown as Capital Reserve , under Other Equity. 5. During the quarter, The Group has allotted 36,00,000 Equity Shares pursuant to conversion of warrants on October 11, 2023 along with the bonus shares reserved for the warrant holders in the ratio of 4:1. 6. Figures for the previous periods / year have been regrouped/recast wherever necessary, to confirm to the current period's classification. 7.The Standalone Financial Results for the Quarter and Nine Months ended December 31, 2023 are available on the website of the Company (www.ramasteel.com) and on Stock Exchanges website (www.bseindia.com and www.nseindia.com). Multi segment 2023-04-01 2023-12-31 Unaudited Standalone 5863674000.00 44435000.00 5908109000.00 4879498000.00 399724000.00 89095000.00 73484000.00 92663000.00 31393000.00 135582000.00 5701439000.00 206670000.00 0.00 206670000.00 51700000.00 876000.00 52576000.00 0.00 154094000.00 0.00 0.00 0.00 0.00 154094000.00 1012000.00 155106000.00 0.00 0.00 509952000.00 1 0.32 0.31 0.00 0.00 0.32 0.31 Others 40071000.00 Others 135582000.00 Manufacturing - Steel Pipe 1984277000.00 Trading- Steel Pipe & Steel Products 130268000.00 Unallocated Segment 0.00 Manufacturing - Steel Pipe 5459881000.00 Trading- Steel Pipe & Steel Products 403793000.00 Unallocated Segment 0.00 2114545000.00 5863674000.00 0.00 0.00 2114545000.00 5863674000.00 Manufacturing - Steel Pipe 103362000.00 Trading- Steel Pipe & Steel Products 1316000.00 Unallocated Segment 0.00 Manufacturing - Steel Pipe 250830000.00 Trading- Steel Pipe & Steel Products 4068000.00 Unallocated Segment 0.00 104678000.00 254898000.00 49576000.00 92663000.00 -20251000.00 -44435000.00 75353000.00 206670000.00 Manufacturing - Steel Pipe 4701821000.00 Trading- Steel Pipe & Steel Products 347729000.00 Unallocated Segment 0.00 5049550000.00 0.00 5049550000.00 Manufacturing - Steel Pipe 2124885000.00 Trading- Steel Pipe & Steel Products 157149000.00 Unallocated Segment 0.00 2282034000.00 0.00 2282034000.00 772000.00 1028000.00 5000.00 16000.00 0.00 0.00