SOMANYCERA2024-01-012024-03-31 SOMANYCERA2024-01-012024-03-31 SOMANYCERA2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SOMANYCERA2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member SOMANYCERA2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SOMANYCERA2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member SOMANYCERA2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 531548 SOMANYCERA NOTLISTED Somany Ceramics Limited Equity 2023-04-01 2024-03-31 2024-05-15 2024-05-06 INR Lakhs Yearly 14:00:00 16:45:00 2024-05-15 2024-05-15 true Cash Flow Indirect Declaration of unmodified opinion Single segment Ceramic Tiles and Allied Products 2024-01-01 2024-03-31 Audited Consolidated 7375200000.00 15900000.00 7391100000.00 1327500000.00 1792700000.00 440500000.00 867100000.00 134300000.00 193000000.00 2152700000.00 6907800000.00 483300000.00 32700000.00 516000000.00 121300000.00 55900000.00 177200000.00 0.00 338800000.00 0.00 0.00 0.00 0.00 338800000.00 4700000.00 343500000.00 308100000.00 30700000.00 311800000.00 31700000.00 82007000.00 2 7.45 7.45 0.00 0.00 7.45 7.45 1. These financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 2. The business activity of the Company falls within a single operating business segment viz ‘Ceramic Tiles and Allied Products’ and hence there is no other reportable segment as per Ind AS 108 ‘Operating Segments’. 3. The Company has granted options to certain employees under the Employee Stock Options Plan, 2023 (ESOP 2023) during the quarter. The employee benefits expenses during the quarter and year ended March 31, 2024 includes provision for the fair value, measured in accordance with the provisions of Ind AS 102 Share-based Payment , of the options granted under ESOP 2023 and ESOP 2021. 4. 'The Board of Directors has recommended a final dividend of Rs 3/- per equity share of face value of Rs 2/- each for the financial year ended March 31, 2024 subject to the approval of the shareholders in the ensuing Annual General Meeting. 5. The shareholders of the Company vide postal ballot notice dated October 26, 2023 approved the proposal of buyback 14,70,588 fully paid-up Equity Shares of the Company on a proportionate basis, through the tender offer route, at a price of Rs. 850/- per Equity Share payable in cash for an aggregate amount not exceeding Rs. 12,500 Lakhs (excluding transaction cost and taxes) on December 2, 2023. The Tendering Period for the Buyback was opened on December, 21, 2023 and closed on December 28, 2023. During the month of January 2024, the Company bought back 14,70,588 fully paid-up Equity Shares and settled all valid bids and extinguished equity shares bought back. The amount utilised in the buyback was Rs. 12,500 Lakhs (excluding Rs 3,013 lakhs towards transaction cost and taxes). 6. Exceptional Item a) The Company, in the earlier years, had impaired its investment of Rs. 1,844 Lakhs in NCDs, issued by SREI Equipment Finance Limited. During the year, Hon’ble NCLT Kolkata approved resolution plan under Insolvency & Bankruptcy Code, 2016. In terms of the Approved Resolution Plan, the implementation notice was issued by National Asset Reconstruction Company Limited (“NARCL”) and Implementation and Monitoring Committee (“IMC”) authorized the administrator for commencement of the distribution against claims with the record date set as at October 06, 2023. During the year, the Company has recognised Gain of Rs. 456 Lakhs as exceptional item on recovery of Rs. 129 lakhs in cash and allotement of Security Receipts (SRs)/ Optionally Convertible Debentures (OCDs), to trustees on behalf of the Company, for the value of Rs. 461 Lakhs (recognised at an estimated fair value of Rs. 327 Lakhs) in terms of the Approved Resolution Plan. Pending ascertainment of the issue terms and conditions of the SRs/ OCDs the same has been disclosed under the head “Other Financial Assets”. b) The Company has divested its investment in one of its subsidiary Somany Fine Vitrified Private Limited , w.e.f July 1, 2023 through an agreement, dated on August 26, 2023, with the existing shareholders of the subsidiary resulting loss on divestment of Rs. 337 lakhs in standalone financials results and Rs. 662 lakhs in consolidated financial results is shown under the head “Exceptional Item”, during the year ended March 31, 2024. 7. The figures for the quarter ended March 31, 2024 is the balancing figures between audited figures for the full financial year and the published year to date figures for the nine months ended December 31, 2023. 8. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 15, 2024 and the statutory auditor of the company has carried out audit of the same. Single segment 2023-04-01 2024-03-31 Audited Consolidated 25913500000.00 106100000.00 26019600000.00 5427700000.00 5990800000.00 560800000.00 3243700000.00 464600000.00 725100000.00 8158300000.00 24571000000.00 1448600000.00 -20500000.00 1428100000.00 390600000.00 43700000.00 434300000.00 0.00 993800000.00 0.00 0.00 0.00 0.00 993800000.00 4000000.00 997800000.00 968800000.00 25000000.00 970500000.00 27300000.00 82007000.00 2 7119400000.00 23.01 22.98 0.00 0.00 23.01 22.98 Other Expenses 754200000.00 Power and Fuel 1398500000.00 Other Expenses 2939600000.00 Power and Fuel 5218700000.00 1128200000.00 11134000000.00 96000000.00 0.00 72800000.00 2000000.00 0.00 0.00 0.00 0.00 0.00 0.00 171500000.00 171500000.00 80700000.00 66400000.00 11623400000.00 3465800000.00 145700000.00 3372200000.00 592000000.00 117000000.00 0.00 47300000.00 4274200000.00 60500000.00 414000000.00 8214500000.00 0.00 0.00 19837900000.00 82000000.00 7119400000.00 7201400000.00 8329600000.00 1856700000.00 0.00 662700000.00 2519400000.00 110100000.00 369300000.00 0.00 86900000.00 3085700000.00 1494400000.00 5592600000.00 427600000.00 7514600000.00 858400000.00 47900000.00 1700000.00 0.00 8422600000.00 0.00 0.00 11508300000.00 19837900000.00 1. These financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 2. The business activity of the Company falls within a single operating business segment viz ‘Ceramic Tiles and Allied Products’ and hence there is no other reportable segment as per Ind AS 108 ‘Operating Segments’. 3. The Company has granted options to certain employees under the Employee Stock Options Plan, 2023 (ESOP 2023) during the quarter. The employee benefits expenses during the quarter and year ended March 31, 2024 includes provision for the fair value, measured in accordance with the provisions of Ind AS 102 Share-based Payment , of the options granted under ESOP 2023 and ESOP 2021. 4. 'The Board of Directors has recommended a final dividend of Rs 3/- per equity share of face value of Rs 2/- each for the financial year ended March 31, 2024 subject to the approval of the shareholders in the ensuing Annual General Meeting. 5. The shareholders of the Company vide postal ballot notice dated October 26, 2023 approved the proposal of buyback 14,70,588 fully paid-up Equity Shares of the Company on a proportionate basis, through the tender offer route, at a price of Rs. 850/- per Equity Share payable in cash for an aggregate amount not exceeding Rs. 12,500 Lakhs (excluding transaction cost and taxes) on December 2, 2023. The Tendering Period for the Buyback was opened on December, 21, 2023 and closed on December 28, 2023. During the month of January 2024, the Company bought back 14,70,588 fully paid-up Equity Shares and settled all valid bids and extinguished equity shares bought back. The amount utilised in the buyback was Rs. 12,500 Lakhs (excluding Rs 3,013 lakhs towards transaction cost and taxes). 6. Exceptional Item a) The Company, in the earlier years, had impaired its investment of Rs. 1,844 Lakhs in NCDs, issued by SREI Equipment Finance Limited. During the year, Hon’ble NCLT Kolkata approved resolution plan under Insolvency & Bankruptcy Code, 2016. In terms of the Approved Resolution Plan, the implementation notice was issued by National Asset Reconstruction Company Limited (“NARCL”) and Implementation and Monitoring Committee (“IMC”) authorized the administrator for commencement of the distribution against claims with the record date set as at October 06, 2023. During the year, the Company has recognised Gain of Rs. 456 Lakhs as exceptional item on recovery of Rs. 129 lakhs in cash and allotement of Security Receipts (SRs)/ Optionally Convertible Debentures (OCDs), to trustees on behalf of the Company, for the value of Rs. 461 Lakhs (recognised at an estimated fair value of Rs. 327 Lakhs) in terms of the Approved Resolution Plan. Pending ascertainment of the issue terms and conditions of the SRs/ OCDs the same has been disclosed under the head “Other Financial Assets”. b) The Company has divested its investment in one of its subsidiary Somany Fine Vitrified Private Limited , w.e.f July 1, 2023 through an agreement, dated on August 26, 2023, with the existing shareholders of the subsidiary resulting loss on divestment of Rs. 337 lakhs in standalone financials results and Rs. 662 lakhs in consolidated financial results is shown under the head “Exceptional Item”, during the year ended March 31, 2024. 7. The figures for the quarter ended March 31, 2024 is the balancing figures between audited figures for the full financial year and the published year to date figures for the nine months ended December 31, 2023. 8. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 15, 2024 and the statutory auditor of the company has carried out audit of the same. 464600000.00 429200000.00 -700000000.00 0.00 -15000000.00 138200000.00 -800000.00 -2000000.00 -32300000.00 1915000000.00 0.00 -42000000.00 26600000.00 725100000.00 0.00 -4100000.00 11600000.00 76300000.00 14600000.00 -300000.00 0.00 73700000.00 42800000.00 -169100000.00 0.00 44700000.00 0.00 -3300000.00 0.00 2846100000.00 4274200000.00 0.00 0.00 0.00 340200000.00 0.00 3934000000.00 42800000.00 0.00 192100000.00 100000.00 0.00 0.00 0.00 0.00 44800000.00 1614600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35700000.00 69700000.00 0.00 0.00 0.00 71900000.00 0.00 0.00 0.00 -1229100000.00 0.00 0.00 130000000.00 0.00 1554300000.00 0.00 0.00 0.00 2197500000.00 3660100000.00 75400000.00 0.00 127400000.00 469800000.00 0.00 0.00 -3559500000.00 -854600000.00 0.00 -854600000.00 1446600000.00 592000000.00 6300000.00 5700000.00 1600000.00 1700000.00