SSWL2024-01-012024-03-31 SSWL2024-01-012024-03-31 SSWL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SSWL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SSWL2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 513262 SSWL NOTLISTED Steel Strips Wheels Limited Equity 2023-04-01 2024-03-31 2024-05-23 2024-05-16 INR Lakhs Yearly 11:00:00 14:40:00 2024-05-23 2024-05-23 true Cash Flow Indirect Declaration of unmodified opinion Single segment AUTOMOTIVE WHEEL RIMS 2024-01-01 2024-03-31 Audited Consolidated 10686724000.00 47951000.00 10734675000.00 6763189000.00 0.00 216666000.00 902999000.00 280003000.00 368016000.00 1704925000.00 10235798000.00 498877000.00 4731039000.00 5229916000.00 359107000.00 -285058000.00 74049000.00 0.00 5155867000.00 0.00 0.00 0.00 -268000.00 5155599000.00 27761000.00 5183360000.00 0.00 0.00 0.00 0.00 156929000.00 1 32.85 32.80 0.00 0.00 32.85 32.80 1.The above financial results have been reviewed by Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 23rd May 2024. The statutory auditors have expressed an unmodified opinion on these results. 2.The Chief Operating Decision Maker CODM reviews the operation of the company as a whole, hence there are no reportable segments as per Ind AS 108 Operating Segments . 3.These financial results of the Company have been prepared in accordance with the Indian Accounting Standards (IND AS) as notified by Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015, Companies (Indian Accounting Standards) amendment rules 2016 and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI circular dated July 05, 2016 and other accounting principles generally accepted in India. 4.Pursuant to section 115BAA of Income Tax Act, 1961, the Company has opted for lower tax rates beginning current financial year. Consequent to this, the Company has calculated tax for the current year and re-measured its deferred tax liability basis rates prescribed in section and credited consequential impact in deferred taxes for the current year amounting to Rs 25.19 Crores. Further the Company has MAT Credit entitlement of Rs 22.58 crores as on 31st March 2023 which have been booked as Tax expense in the current year. 5.The Board of Directors of Company have recommended a final dividend @ 100% i.e. Rs. 1.00/- per fully paid up equity share of face value of Re. 1/-, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company. 6.Pursuant to the NCLT, Ahmedabad order dated 12.10.2023 under Insolvency and Bankruptcy Code, 2016, Company has infused Rs.138.15 Crores into AMW Autocomponent Limited( AACL) through a mix of equity of Rs.5.00 Crores and inter corporate loan of Rs.133.15 Crores for the acquisition of AACL. By subscribing 50 Lacs equity shares of Face Value of Rs.10 each in AACL it became wholly owned subsidiary company of SSWL w.e.f. 09.01.2024. 7.Exceptional items is on the account of CIRP proceedings & implementation of resolution plan. 8.The figures for the corresponding previous periods have been restated/ regrouped, wherever necessary, to make them comparable. The figures of last quarters are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the current financial year which were subject to limited review by the statutory auditors. Single segment 2023-04-01 2024-03-31 Audited Consolidated 43570954000.00 136547000.00 43707501000.00 28543189000.00 0.00 -182670000.00 3580279000.00 1026660000.00 1042214000.00 6990061000.00 40999733000.00 2707768000.00 4731039000.00 7438807000.00 939380000.00 -251937000.00 687443000.00 0.00 6751364000.00 0.00 0.00 0.00 -4519000.00 6746845000.00 11366000.00 6758211000.00 0.00 0.00 0.00 0.00 156929000.00 1 13388985000.00 43.07 43.00 0.00 0.00 43.07 43.00 Other Expenses 1704925000.00 Other Expenses 6990061000.00 16258695000.00 3625568000.00 0.00 19335000.00 36962000.00 226396000.00 122009000.00 385367000.00 727649000.00 21016614000.00 6969520000.00 0.00 4397302000.00 403000000.00 25808000.00 43578000.00 4869688000.00 2811000.00 177483000.00 12019502000.00 33036116000.00 156929000.00 14265438000.00 14422367000.00 14422367000.00 3813657000.00 195207000.00 4008864000.00 342959000.00 1008425000.00 5360248000.00 6665660000.00 5999588000.00 6876000.00 12672124000.00 519851000.00 61526000.00 13253501000.00 18613749000.00 33036116000.00 1026660000.00 369954000.00 -909811000.00 0.00 0.00 0.00 0.00 0.00 0.00 -998693000.00 0.00 0.00 0.00 1042214000.00 0.00 -51847000.00 -567341000.00 0.00 0.00 0.00 0.00 120770000.00 47433000.00 0.00 0.00 2283000.00 0.00 -4729631000.00 0.00 -4889548000.00 2549259000.00 0.00 0.00 0.00 620403000.00 0.00 1928856000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33860000.00 3828667000.00 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 144862000.00 0.00 0.00 0.00 -3649945000.00 0.00 0.00 8322000.00 0.00 0.00 0.00 0.00 0.00 4847019000.00 1667330000.00 0.00 2964000.00 156513000.00 1025979000.00 0.00 -292623000.00 1709933000.00 -11157000.00 0.00 -11157000.00 439965000.00 428808000.00 38655000.00 15189000.00 10894000.00 3823000.00