SOLARINDS2024-01-012024-03-31 SOLARINDS2024-01-012024-03-31 SOLARINDS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SOLARINDS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SOLARINDS2024-03-31 SOLARINDS2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SOLARINDS2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SOLARINDS2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member SOLARINDS2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532725 SOLARINDS NOTLISTED Solar Industries India Limited Equity 2023-04-01 2024-03-31 2024-05-16 2024-05-09 INR Crores Yearly 12:30:00 14:15:00 2024-05-16 2024-05-16 true Cash Flow Indirect Declaration of unmodified opinion Single segment Manufacturing 2024-01-01 2024-03-31 Audited Consolidated 16107100000.00 176500000.00 16283600000.00 7448200000.00 489000000.00 357400000.00 1185400000.00 315200000.00 370100000.00 3090100000.00 13255400000.00 3028200000.00 0.00 3028200000.00 689700000.00 -63000000.00 626700000.00 0.00 2401500000.00 0.00 0.00 0.00 25600000.00 2427100000.00 226300000.00 2653400000.00 0.00 0.00 2570700000.00 82700000.00 181000000.00 2 25.98 25.98 0.00 0.00 25.98 25.98 0.00 0.03 Explanatory Notes to Audited Consolidated Financial Results for the Quarter and Year ended March 31, 2024 1. The Audited Consolidated Financial Results for the quarter and year ended March 31, 2024 of SOLAR INDUSTRIES INDIA LIMITED (the Group ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on May 16, 2024. The Company confirms that its statutory auditors, have issued audit report with unmodified opinion on the consolidated financial results for the quarter and year ended March 31, 2024. 2. These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS”) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 3. The Group has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. 4. During the year ended March 31, 2024, Group has issued 3500 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs 1,00,000/- each aggregating up to Rs 35 crore at a coupon rate of 8.31% per annum. The said NCDs were allotted on March 22, 2024 and are redeemable in 12 equal quarterly instalment starting from June 21, 2024 till the end of 3 years from the date of allotment. Further, during the year, the Group has partially redeemed 200 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs 10,00,000/- each amounting to Rs 20 crore and made an Interest payment amounting to Rs 3.89 crore at a coupon rate of 8.20% per annum. As on the date the outstanding amount of NCD is Rs 70 crore. 5. The Group has applied Ind AS 29 - 'Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey, Ghana and Zimbabwe. In preparing the consolidated financial results for the year ended March 31, 2024, the non-monetary assets, liabilities, owner's equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the current measuring unit as on the reporting date by applying consumer price index of the respective economies. The net impact of the aforesaid restatement amounting to Rs 111.64 crore has been debited to other expenses in the consolidated financial results for the year ended March 31, 2024. The impact of said restatements till March 31, 2023 in respect of the aforesaid subsidiaries amounting to Rs 48.91 crore has been credited in the opening retained earnings as at April 01, 2023. The points no 6 to 9 of the Notes and Annexure A is not included in notes due to limitation of characters in xbrl notes of stock exchange. However the company has attached the same in pdf. Single segment 2023-04-01 2024-03-31 Audited Consolidated 60695200000.00 444700000.00 61139900000.00 27099700000.00 4025800000.00 836200000.00 4334600000.00 1093700000.00 1433800000.00 10706800000.00 49530600000.00 11609300000.00 0.00 11609300000.00 3072400000.00 -211900000.00 2860500000.00 0.00 8748800000.00 0.00 0.00 0.00 3500000.00 8752300000.00 -1717900000.00 7034400000.00 0.00 0.00 7188100000.00 -153700000.00 181000000.00 2 0.00 92.38 92.38 0.00 0.00 92.38 92.38 0.00 0.03 Other Expenses 3090100000.00 Other Expenses 10706800000.00 1216500000.00 19191400000.00 4873600000.00 0.00 298100000.00 416000000.00 396000000.00 0.00 0.00 1564700000.00 0.00 325800000.00 1135800000.00 3026300000.00 1601600000.00 996000000.00 30799000000.00 8468200000.00 2134400000.00 8448500000.00 2598600000.00 274000000.00 32200000.00 1542900000.00 15030600000.00 89200000.00 2985000000.00 26573000000.00 57372000000.00 181000000.00 32875000000.00 33056000000.00 34272500000.00 5835500000.00 5835500000.00 34400000.00 1977800000.00 237600000.00 8085300000.00 5214200000.00 5526500000.00 1164800000.00 11905500000.00 186900000.00 154800000.00 2767000000.00 15014200000.00 23099500000.00 57372000000.00 1093700000.00 2622500000.00 -511000000.00 0.00 -764900000.00 0.00 0.00 0.00 0.00 562500000.00 0.00 -104900000.00 0.00 1433800000.00 277800000.00 60200000.00 0.00 0.00 0.00 76700000.00 293900000.00 25500000.00 0.00 -70500000.00 0.00 0.00 0.00 1089800000.00 0.00 5446300000.00 17055600000.00 0.00 0.00 0.00 2995500000.00 0.00 14060100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 113000000.00 5597500000.00 -1870300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72300000.00 0.00 0.00 0.00 87000000.00 0.00 0.00 75500000.00 0.00 -7264600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3396200000.00 4952200000.00 0.00 0.00 765900000.00 1307000000.00 0.00 -73900000.00 -3702800000.00 3092700000.00 -2947400000.00 145300000.00 2453300000.00 2598600000.00 Items that will not be reclassified to profit or loss 712700000.00 Items that will not be reclassified to profit or loss 712700000.00 712700000.00 712700000.00 165900000.00 165900000.00 Items that will be reclassified to profit or loss -367500000.00 Items that will be reclassified to profit or loss -2352200000.00 -367500000.00 -2352200000.00 -47000000.00 -87500000.00