SBCL2024-01-012024-03-31 SBCL2024-01-012024-03-31 SBCL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SBCL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SBCL2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 513097 SBCL NOTLISTED Shivalik Bimetal Controls Limited Equity 2023-04-01 2024-03-31 2024-05-29 2024-05-22 INR Lakhs Yearly 11:00:00 12:50:00 2024-05-29 2024-05-29 true Cash Flow Indirect Statement on impact of audit qualification Single segment Product and Product Engineering 2024-01-01 2024-03-31 Audited Standalone 1117718000.00 153598000.00 1271316000.00 682277000.00 0.00 -85364000.00 109401000.00 10018000.00 26124000.00 197870000.00 940326000.00 330990000.00 0.00 330990000.00 76597000.00 1428000.00 78025000.00 0.00 252965000.00 0.00 0.00 0.00 0.00 252965000.00 379000.00 253344000.00 0.00 0.00 115208000.00 2 4.40 4.40 0.00 0.00 4.40 4.40 0.00 0.00 0.00 1. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting(s) held on 29th May, 2024. The Statutory Auditors of the Company have carried out the Audit of the Standalone financial results and have expressed an unmodified report thereon. 2. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ( Ind AS ) notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in terms of Regulation 33 of SEBI (Listing Obligations and Disclsoure Reqirements) Regulations, 2015, as amended, including relevant circulars issued by SEBI from time to time. 3. PLI Incentive aggregating to Rs. 1,155.10 Lakhs has been recognized as other Income which includes Rs. 300 Lakhs received during FY 2023-24 for FY 2021-22 & 430.10 Lakhs for FY 2022-23 received after balance sheet date. Further the stated aggregate amount also includes the PLI incentive Income amounting to Rs. 425 Lakhs for FY 2023-24. The Company has recognized Income from PLI Incentive Scheme for FY 2023-24 based on successful acceptability and receipt of PLI Incentives for earlier two years. 4. 'The Board of Directors of parent Company at their meeting held on 29th May, 2024 have recommended a final dividend of Rs.1.00 per equity share of the face value of Rs.2/- each, subject to the approval of the shareholders in the ensuing Annual General Meeting. With this, the total dividend for the year (including interim dividend of Rs. 0.70 per equity share paid during the year) is Rs.1.70 per share. 5. As the company's activities involve predominantly one business segment i.e. Process and Product Engineering, which are considered to be a single primary business segment, therefore the disclosure requirement of Ind AS-108, operating segments is not applicable. 6. The figures for the previous periods have been regrouped/rearranged, wherever necessary to conform to the current period's classification. 7. The figures for the quarter ended 31st March 2024, and the corresponding quarter ended in the previous year, as reported in these standalone financial results, are the balancing figures between the audited figures in respect of the full financial year and the unaudited published year to date figures upto the end of 3rd quarter of the relevant financial year. The Standalone figures upto the end of 3rd quarter have been subjected to the limited review. 8. 'The standalone statement of Assets and Liabilities as required under Regulation 33(3)(f) of SEBI (LODR) Regulations, 2015 is as under:- Single segment 2023-04-01 2024-03-31 Audited Standalone 4494044000.00 203936000.00 4697980000.00 2475754000.00 0.00 -129257000.00 384129000.00 43671000.00 101146000.00 739675000.00 3615118000.00 1082862000.00 0.00 1082862000.00 266269000.00 5255000.00 271524000.00 0.00 811338000.00 0.00 0.00 0.00 0.00 811338000.00 -1632000.00 809706000.00 0.00 0.00 115208000.00 2 3163941000.00 14.06 14.06 0.00 0.00 14.06 14.06 0.00 0.00 0.00 Other Expenses 197870000.00 Other Expenses 739675000.00 1038347000.00 51389000.00 19186000.00 0.00 2272000.00 15032000.00 0.00 0.00 235946000.00 0.00 0.00 4837000.00 240783000.00 0.00 23990000.00 1390999000.00 1164579000.00 0.00 1005246000.00 372807000.00 2911000.00 0.00 86460000.00 1467424000.00 314000.00 52743000.00 2685060000.00 0.00 0.00 4076059000.00 115208000.00 3163941000.00 3279149000.00 3279149000.00 81097000.00 0.00 0.00 81097000.00 9535000.00 40679000.00 0.00 0.00 131311000.00 231828000.00 321372000.00 64624000.00 617824000.00 43817000.00 2636000.00 1322000.00 0.00 665599000.00 0.00 0.00 796910000.00 4076059000.00 43671000.00 54215000.00 -205442000.00 0.00 -32719000.00 0.00 0.00 0.00 0.00 -23086000.00 0.00 -35559000.00 0.00 101146000.00 0.00 -4914000.00 0.00 0.00 0.00 180000.00 15633000.00 15705000.00 0.00 -80000.00 0.00 0.00 0.00 -5206000.00 0.00 -139132000.00 943730000.00 0.00 0.00 0.00 264468000.00 0.00 679262000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5509000.00 177887000.00 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 15633000.00 8494000.00 0.00 11851000.00 0.00 -136400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -20629000.00 191159000.00 0.00 1941000.00 79980000.00 44714000.00 0.00 0.00 -338423000.00 204439000.00 0.00 204439000.00 168368000.00 372807000.00 506000.00 -2181000.00 0.00 0.00 127000.00 -549000.00