RML2024-01-012024-03-31 RML2024-01-012024-03-31 RML2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member RML2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member RML2024-03-31 RML2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member RML2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member RML2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member RML2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532661 RML NOTLISTED Rane (Madras) Limited Equity 2023-04-01 2024-03-31 2024-05-09 2024-03-29 INR Crores Yearly 11:50:00 12:45:00 2024-05-09 2024-05-09 true Cash Flow Indirect Declaration of unmodified opinion Single segment The Company operates only in one segment namely manufacture and marketing of components and providing technological services for Transportation industry 2024-01-01 2024-03-31 Audited Consolidated 5183200000.00 9600000.00 5192800000.00 3205400000.00 0.00 129500000.00 473200000.00 138700000.00 219200000.00 1126600000.00 5292600000.00 -99800000.00 -16000000.00 -115800000.00 0.00 -22100000.00 -22100000.00 0.00 -93700000.00 0.00 0.00 0.00 0.00 -93700000.00 8800000.00 -84900000.00 0.00 0.00 0.00 0.00 162700000.00 10 -5.76 -5.76 0.00 0.00 -5.76 -5.76 5. RML are engaged in the mfg. of components primarily for Transportation industry, which in the context of Indian Accounting Standard (Ind AS) 108 – Operating Segments, is considered as the only operating segment of the Grp. 6. Exceptional items comprise: - In the stand. FR: During the year ended Mar 31 23, the Co had assessed the carrying value of its investments in a subsidiary and considered the fair value changes thereto resulting in a reduction in the carrying value aggregating to Rs. 223.28 cr. being shown as an exceptional item for the qtr and year ended Mar 31 23. In order to carry out the above assessment, projections of future cash flows of the operating step-down subsidiary based on the most recent long-term forecasts, including selling price and related volumes. - In the Consol FR: As at 31 Mar 23, on account of changes in market conditions and rising cost of capital, the Grp had assessed the recoverable amount of the net assets of LMCA the step-down subsidiary of the holding Co which represented a single CGU. Based on such assessment, the Grp had recorded an impairment charge of Rs. 9.05 cr. as an exceptional item in its Consol FR during the year ended Mar 31, 2023. - Pursuant to the approval of the BoD and Shareholders of the Co, Rane Madras International Holdings B.V. has sold its entire stake in LMCA on Sep 14, 2023 for a consideration of USD 4.9 Mn. Accordingly, for the year ended Mar 31, 24, the Co has recorded a fair value loss aggregating to Rs. 121.56 cr. in the stand. FR and loss on sale of the aforesaid step down subsidiary aggregating to Rs. 85.46 cr. in the Consol FR as an exceptional item. 7. Consequent to the sale of LMCA, RMIH, has carried out a reduction of capital in the eq. and non-convertible redeemable preference shares issued to the Co. The Co has determined that it is eligible to claim the tax benefit arising from such losses and has accordingly recorded a deferred tax asset of Rs. 113.34 cr. in the year ended Mar 31, 2024. The Co has also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this deferred tax asset. - In the stand. and Consol FR: for the year ended Mar 31, 2024, exceptional items includes Rs. 20.35 cr. which primarily comprise of provision for one time warranty related costs, expenses related to proposed scheme of amalgamation and expenditure towards Voluntary Retirement Scheme (year ended Mar 31, 2023 : Rs. 2.61 cr.). For the qtr ended Mar 31, 2024, exceptional items amounting to Rs. 1.60 cr. primarily comprises of expenses related to proposed scheme of amalgamation. Consequent to sale of LMCA, the Grp has Consol the financial performance of LMCA till 14 Sep 2023 and the assets / liabilities of LMCA were de-recognized in the Consol balance sheet on 14 Sep 2023. 8.The BoD of the Co in their meeting held on February 9, 2024, considered and approved the proposed scheme of amalgamation (“Scheme”) wherein Rane Brake Lining Limited (“RBL”) and Rane Engine Valve Limited ( REVL”) would merge into the Co with effect from April 01, 2024 (‘the appointed date’) under sections 230 to 232 of the CA, 2013, and other applicable sections and provisions of the CA, 2013 read together with the rules made thereunder. The aforesaid scheme is subject to the approval of shareholders and creditors of the respective companies, SE, NCLT and such other approvals as may be required. 9. During the qtr ended December 31, 2023, the Co had set up a new subsidiary Rane Automotive Components S. de R.L. de C.V. and is currently in the process of setting up the manufacturing facility. Accordingly the Consol FR include the financial performance of this subsidiary effective from the qtr ended December 31, 2023. Single segment 2023-04-01 2024-03-31 Audited Consolidated 22389500000.00 45800000.00 22435300000.00 14194200000.00 0.00 -113000000.00 2513700000.00 563700000.00 910300000.00 4333400000.00 22402300000.00 33000000.00 -1058100000.00 -1025100000.00 0.00 -1055300000.00 -1055300000.00 0.00 30200000.00 0.00 0.00 0.00 0.00 30200000.00 112900000.00 143100000.00 0.00 0.00 0.00 0.00 162700000.00 10 0.00 1.85 1.85 0.00 0.00 1.85 1.85 Other Expenses 1126600000.00 Other Expenses 4333400000.00 4207300000.00 273400000.00 46300000.00 278000000.00 19200000.00 0.00 73100000.00 92300000.00 1105800000.00 689500000.00 6692600000.00 2405700000.00 0.00 3393000000.00 235300000.00 800000.00 900000.00 285100000.00 3915100000.00 678200000.00 6999000000.00 13691600000.00 162700000.00 2396900000.00 2559600000.00 2559600000.00 2622000000.00 235500000.00 2857500000.00 87300000.00 33400000.00 2978200000.00 4385000000.00 2851500000.00 474100000.00 7710600000.00 264700000.00 178500000.00 8153800000.00 11132000000.00 13691600000.00 563700000.00 -88300000.00 478200000.00 0.00 -257000000.00 0.00 86100000.00 -53200000.00 0.00 -320200000.00 0.00 154600000.00 -92100000.00 910300000.00 180500000.00 91300000.00 9900000.00 0.00 8700000.00 -17000000.00 0.00 28200000.00 0.00 0.00 0.00 -5900000.00 -1800000.00 854600000.00 0.00 2474200000.00 1449100000.00 0.00 0.00 0.00 248500000.00 0.00 1200600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12200000.00 1371600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 168400000.00 0.00 0.00 0.00 0.00 0.00 0.00 2900000.00 0.00 90300000.00 0.00 -1097800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19503100000.00 19085700000.00 0.00 22200000.00 0.00 534400000.00 0.00 0.00 -139200000.00 -36400000.00 0.00 -36400000.00 270200000.00 233800000.00 (i) Remeasurement gains/(losses) on defined benefit plans, net 5800000.00 (i) Remeasurement gains/(losses) on defined benefit plans, net -9000000.00 5800000.00 -9000000.00 1400000.00 -2300000.00 (i) Exchange differences on translating financial statements of n foreign operations 4400000.00 (i) Exchange differences on translating financial statements of n foreign operations 119600000.00 4400000.00 119600000.00 0.00 0.00