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 METAL 2024-01-01 2024-03-31 Audited Consolidated 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 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 [1] The above Audited Consolidated Financial Results of Shera Energy Limited (the Holding company ) for the half 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. [2] The above Consolidated Audited financial results for the half 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] During the quarter ended December 31, 2023, 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. [6] The above Consolidated 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). [7] 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”. [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] 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. [10] During the financial year, The GST department conducted a search at Rajputana Industries Limited. As a result of this, the company made a deposit of Rs. 43,99,2016/- as required. Closer Letter of the same was received dated 22nd December '23. [11] During the financial year, The GST department conducted a search at Shera Metal Private Limited As a result of this, the company made a deposit of Rs. 29,28,802/- as required. Closer Letter of the same was received dated 22nd December '23. [12] 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). [13] List of Entities Consolidated in the Statement As per pdf file [14] 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. [15] 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 Consolidated 8751042000.00 12146000.00 8763188000.00 8134094000.00 0.00 -299005000.00 123776000.00 303608000.00 55421000.00 278804000.00 8596698000.00 166490000.00 22000000.00 188490000.00 27025000.00 20982000.00 48007000.00 0.00 140483000.00 0.00 0.00 0.00 0.00 140483000.00 1797000.00 142280000.00 118772000.00 21711000.00 120521000.00 21759000.00 227883000.00 10 841322000.00 5.21 5.21 0.00 0.00 5.21 5.21 other expenses 0.00 other expenses 278804000.00 0.00 -369843000.00 -194564000.00 0.00 7767000.00 0.00 475000.00 0.00 0.00 450322000.00 0.00 742000.00 0.00 55421000.00 0.00 4886000.00 953000.00 -52731000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -96572000.00 91918000.00 0.00 -303608000.00 11119000.00 27025000.00 2134000.00 381754000.00 57274000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 137839000.00 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 -11119000.00 0.00 -43173000.00 0.00 -134857000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69048000.00 0.00 3663000.00 0.00 0.00 303608000.00 0.00 -3143000.00 -241366000.00 5531000.00 0.00 5531000.00 34670000.00 40201000.00