RANEHOLDIN2024-01-012024-03-31 RANEHOLDIN2024-01-012024-03-31 RANEHOLDIN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member RANEHOLDIN2024-03-31 RANEHOLDIN2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss03Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss03Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member RANEHOLDIN2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505800 RANEHOLDIN NOTLISTED Rane Holdings Limited Equity 2023-04-01 2024-03-31 2024-05-15 2024-03-29 INR Lakhs Yearly 12:00:00 14:40:00 2024-05-15 2024-05-15 true Cash Flow Indirect Declaration of unmodified opinion Single segment The Company holds strategic investments in subsidiaries and joint ventures (collectively called the Group), engaged primarily in manufacturing / marketing of components and providing technological services for the transportation industry, mainly the automotive sector and also provides management information technology and business development services to the Group 2024-01-01 2024-03-31 Audited Consolidated 8701900000.00 42300000.00 8744200000.00 4740800000.00 25800000.00 197300000.00 1127600000.00 173800000.00 346000000.00 1777000000.00 8388300000.00 355900000.00 -70200000.00 285700000.00 90500000.00 -23900000.00 66600000.00 0.00 219100000.00 0.00 0.00 0.00 165000000.00 384100000.00 -60000000.00 324100000.00 314000000.00 70100000.00 255200000.00 68900000.00 142800000.00 10 21.99 21.99 0.00 0.00 21.99 21.99 3 The Annual Financial Results (Standalone and Consolidated) (AFR) were approved on May 15, 2024 4 The AFR have been audited by the SA of the Co. The FR of the sub. and JV/associate entities have been audited by the respective SA. 5 The AFR.. prepared in accordance with Ind AS and Regulation 33 of SEBI(LODR). 6 Business of RHL.. 7 Rane Group..single reportable segment. 8 The figures for the quarter (Q) Mar 31, 2024, and Mar 31, 2023, are balancing figures… 9 .. the AFR includes the share of exceptional item, recorded by RNSS towards warranty provision .. to Rs.3,626 Lakhs for the Q and year ended (Y) Mar 31, 2023. RNSS has recorded an exceptional income of Rs. Nil for the Q Mar 31, 2024, Rs.297 Lakhs for the Q Dec 31, 2023, Rs.Nil for the Q and Y Mar 31, 2023 and Rs. 445 Lakhs for the Y Mar 31, 2024.. to sale of scrapped parts..Based on its asse. and pending final outcome of such discussions and negotiations, RNSS .. cumulative provision carried by them .. as at Mar 31, 2024, is adequate. Single segment 2023-04-01 2024-03-31 Audited Consolidated 35298200000.00 141600000.00 35439800000.00 20059000000.00 105100000.00 -37800000.00 5113200000.00 713400000.00 1370000000.00 6843900000.00 34166800000.00 1273000000.00 -1090700000.00 182300000.00 300900000.00 -1040000000.00 -739100000.00 0.00 921400000.00 0.00 0.00 0.00 574700000.00 1496100000.00 26800000.00 1522900000.00 1237700000.00 258400000.00 1234800000.00 288100000.00 142800000.00 10 8919300000.00 86.67 86.67 0.00 0.00 86.67 86.67 Other expenses 1777000000.00 Other expenses 6843900000.00 2631100000.00 6959200000.00 453400000.00 0.00 689100000.00 339900000.00 0.00 0.00 2969200000.00 476800000.00 0.00 0.00 174300000.00 651100000.00 1418300000.00 908300000.00 14388500000.00 4213500000.00 282300000.00 6036700000.00 364400000.00 9800000.00 900000.00 328000000.00 7022100000.00 0.00 840000000.00 12075600000.00 26464100000.00 142800000.00 8919300000.00 9062100000.00 11693200000.00 3049900000.00 267300000.00 3317200000.00 273400000.00 17700000.00 37900000.00 3646200000.00 5174800000.00 4224400000.00 937600000.00 10336800000.00 503500000.00 281300000.00 3100000.00 11124700000.00 14770900000.00 26464100000.00 10 Exceptional items a In respect of Rt4u ... resulting in a reduction in the carrying value aggregating to Rs.296 Lakhs for the Y Mar 31, 2024; and Rs.292 Lakhs for the Q and Y March 31, 2023 being shown as an exceptional charge in the audited sfr. The Co. had sold its entire investment in Rt4u for a consideration of Rs. 850 Lakhs in exchange for allotment of 862,505 eq. shares in ..eTrans.. representing 11.94% stake .. effective July 19, 2023. The Group recorded an exceptional income of Rs. 338 Lakhs for the year Mar 31, 2024. b REVL, a Sub. Co. incurred VRS expenditure of Rs. 9 Lakhs for the Y Mar 31, 2024 and Rs. 48 Lakhs for the Y Mar 31, 2023. REVL had incurred a provision .. for Rs.300 Lakhs for the Q Mar 31, 2024, Rs.Nil for the Q Dec 31, 2023, Rs.199 Lakhs for the Q March 31, 2023, Rs. 413 Lakhs for the year Mar 31, 2024 and Rs.619 Lakhs for the year Mar 31, 2023 ... .. c As at Mar 31, 2023.., the grp had assessed the recoverable amt of the net assets of LMCA …which represents a single CGU. … the Grp had recorded an impairment charge of Rs.904 Lakhs as an exceptional item in its CFR during the Q and Y Mar 31, 24. RMIH B.V. (the Co's step down Sub) had sold its entire stake in LMCA on September 14, 2023 .. of USD 4.9 million. Accordingly, .. Mar 31, 2024, the Grp had recorded loss on sale of the aforesaid aggregating to Rs. 8,546 Lakhs in AFR as an exceptional item. .., RMIH B.V., .. a reduction of capital in the non-convertible redeemable pref shares issued to RML. RML had determined that it is eligible to claim the tax benefit arising from such losses .. DTA of Rs. 11,334 Lakhs .. Mar 31, 2024.. RML primarily incurred provision for one time warranty related costs and VRS expenditure of Rs. 1,875 Lakhs.. Mar 31, 2024, VRS expenditure of Rs. 261 Lakhs .. Mar 31, 2023. d RBL, REVL and RML have incurred an expense of INR 122 Lakhs, INR 120 Lakhs and INR 160 Lakhs.. towards proposed scheme of amalgamation .., disclosed as an exceptional item … cfr for the Q and Y Mar 31, 2024. 11 The Grp has consolidated the fin performance of Rt4u till July 19, 2023.. 12 The Grp has consolidated the fin performance of LMCA till Sep 14, 2023 .. 13 During the year Mar 31, 2024, ZROS .. commenced operations. .. Mar 31, 2024, ZRAI, a JV/associate entity, acquired a subsidiary .. TRW Sun Steering Wheels Private Limited on Mar 28, 2024. 14 During the year March 31, 2024, RML has set up a new subsidiary namely Rane Automotive Components S. de R.L. de C.V.. setting up the manufacturing facility. The AFR include … effective from the Q Dec 31, 2023. 15 During the year Mar 31, 2024, the Company acquired 171,821 equity shares of Rs.10 each fully paid-up in REVL …. consideration of Rs.500 Lakhs ....the shareholding of the Co. in REVL stands at 58.29%. 16 The BoD have recommended a dividend of Rs.25 per eq. share for the year Mar 31, 2024. 17 The AFR are being published in the newspaper and also available on the SE and company's website. 713400000.00 -72700000.00 40900000.00 0.00 -220700000.00 0.00 0.00 0.00 0.00 -333900000.00 0.00 109500000.00 0.00 1370000000.00 192500000.00 127600000.00 0.00 0.00 0.00 -18200000.00 0.00 49100000.00 0.00 -25000000.00 0.00 -9000000.00 -39700000.00 851500000.00 0.00 2637100000.00 2819400000.00 0.00 0.00 0.00 485300000.00 0.00 2334100000.00 168400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 415500000.00 2090600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18400000.00 0.00 0.00 0.00 0.00 0.00 329700000.00 21800000.00 0.00 87700000.00 0.00 -1049100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2044500000.00 2356800000.00 0.00 46700000.00 339200000.00 681000000.00 0.00 0.00 -1379200000.00 -94200000.00 3300000.00 -90900000.00 455300000.00 364400000.00 i. Re-measurement gains / (losses) on defined benefit plans , net -2300000.00 ii. Net gain / (loss) on fair value through other comprehensive income equity instruments -76300000.00 Share of other comprehensive loss of equity accounted investees, net of tax -6500000.00 i. Re-measurement gains / (losses) on defined benefit plans , net -16100000.00 ii. Net gain / (loss) on fair value through other comprehensive income equity instruments -95000000.00 Share of other comprehensive loss of equity accounted investees, net of tax -10100000.00 -85100000.00 -121200000.00 -20700000.00 -28200000.00 i. Exchange differences on translating financial statements of foreign operations 4400000.00 i. Exchange differences on translating financial statements of foreign operations 119800000.00 4400000.00 119800000.00 0.00 0.00