SHERA2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SHERA2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares SHERA 2023-04-01 2024-03-31 2024-04-29 INR Lakhs Yearly true Cash Flow Indirect Single segment NON-FERROUS METALS 2024-01-01 2024-03-31 Audited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 [1] The above audited Standalone Financial Results of Shera Energy Limited for the half year and year ended on 31st March '24 were reviewed and recommended by the Audit committee and approved by the Board of Directors, at their respective meeting held on 06th May '24. These results have been audited by the Statutory Auditors of the Company in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (LODR) (as amended). [2] The above Standalone audited financial results for half year and year ended 31st March '24 have been prepared by the Company in accordance with Regulation 33 of SEBI (Listing Obligation & Disclosure Requirements) Regulations 2015 (as amended). [3] The figures of the previous period have been re-grouped / rearranged and / or recasted wherever considered necessary. [4] The Company is engaged in the activity of manufacturer of non-ferrous metal products and its alloy products and winding wires. [5] The above Standalone Financial Results are prpared in accordance with the Indian Accounting Standards ( Ind AS ) prescribed under Section 133 of the Companies Act , 2013 read with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). [6] Shera Energy Limited is currently in the process of establishing a new cable and wire manufacturing plant, which is currently under development and installation phase. The company have secured the land for this project by the way of a rental agreement with one of its subsidiary “Rajputana Industries Limited”. [7] During the quarter ended 31st December '23, the company successfully divested its investment in Shera Infra Power Private Limited, a subsidiary, for a total sum of Rs. 2.70 crore.This transaction resulted in a profit of Rs. 2.20 crore for the parent company. This profit has been categorized under exceptional Item / extra Ordinary Items in the financial Statements. [8] During the financial year ending 31 March '24, the company has made an investment of Rs. 2.04 crore in Shera Zambia Limited, a newly incorporated subsidiary. This investment aims to enhance the company's international footprint in Central Africa by focusing on the production of winding wire and cables for Zambia and its neighboring nations. [9] The statement includes the results for the half year ended 31st March '24 being the balanced figure between audited figures in respect of the full financial year and the un-audited figures in respect of 1st half year of the current financial year (2023-24). [10] During the financial year, the GST department initiated an enquiry into the input tax credit (ITC) of the company. As a result of this inquiry, the company made a deposit of Rs. 49,50,907.00 under protest. Current status of the proceedings is under process. [11] The Company is engaged in the activity of manufacturer of non-ferrous metal products and its alloy products and winding wires, hence looking into the nature of business company is operating under single segment due to which segment reporting is not applicable to company. [12] The Status of investor's complaints during the period ended on 31st March '24 as under:- Complaints pending at the beginning of the period Nil Complaints received during the period Nil Complaints disposed during the period Nil Complaints resolved at the end of the period Nil Single segment 2023-04-01 2024-03-31 Audited Standalone 6294018000.00 8937000.00 6302955000.00 5992179000.00 0.00 -171320000.00 66011000.00 182461000.00 14830000.00 149575000.00 6233736000.00 69219000.00 22000000.00 91219000.00 21167000.00 278000.00 21445000.00 0.00 69774000.00 0.00 0.00 0.00 0.00 69774000.00 1628000.00 71402000.00 71402000.00 0.00 227883000.00 10 649419000.00 3.06 3.06 0.00 0.00 3.06 3.06 Other Expenses 0.00 Other Expenses 149575000.00 0.00 -162302000.00 -218776000.00 0.00 -16728000.00 0.00 0.00 -755000.00 0.00 250512000.00 0.00 674000.00 0.00 14830000.00 0.00 -10881000.00 0.00 48824000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -94602000.00 -3383000.00 0.00 -182461000.00 -8036000.00 21167000.00 1918000.00 151793000.00 0.00 15367000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58145000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8036000.00 0.00 -19079000.00 0.00 -84555000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42069000.00 0.00 3664000.00 0.00 0.00 182461000.00 0.00 82269000.00 -61787000.00 5451000.00 0.00 5451000.00 29163000.00 34614000.00