RML2024-04-012024-06-30 RML2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member RML2024-06-30 RML2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member RML2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532661 RML NOTLISTED Rane (Madras) Limited Equity 2024-04-01 2025-03-31 2024-07-24 2024-06-28 INR Crores First quarter 11:45:00 12:47:00 2024-07-24 2024-07-24 Not applicable Single segment The Company operates only in one segment, namely, manufacture and marketing of components and providing technological services for Transportation industry. 2024-04-01 2024-06-30 Unaudited Consolidated 5220100000.00 15100000.00 5235200000.00 3349100000.00 0.00 -22600000.00 546800000.00 148300000.00 211400000.00 941600000.00 5174600000.00 60600000.00 -600000.00 60000000.00 0.00 25900000.00 25900000.00 0.00 34100000.00 0.00 0.00 0.00 0.00 34100000.00 3300000.00 37400000.00 0.00 0.00 0.00 0.00 162700000.00 10 2.10 2.10 0.00 0.00 2.10 2.10 Rane (Madras) Limited ('the Co.') and its subsidiaries (collectively referred to as 'the Group') are engaged in the manufacture of components primarily for Transportation industry, which in the context of Ind AS 108 Operating Segments, is considered as the only operating segment of the Group. Exceptional items comprise: -In the standalone and consolidated financial results: For the qtrs ended June 30, 2024 and Mar 31, 2024, exceptional items amounting to Rs.0.06 Cr. and Rs.1.60 Cr. respectively, primarily comprises of expenses related to proposed scheme of amalgamation. For the qtr ended June 30, 2023, exceptional items amounting to Rs.18.75 Cr. primarily comprise of provision for one time warranty related costs and expenditure towards VRS. For the yr ended Mar 31, 2024, exceptional items includes Rs.20.35 Cr. which primarily comprise of provision for one time warranty related costs, expenses related to proposed scheme of amalgamation and expenditure towards VRS. -Pursuant to the approval of the BoD and Shareholders of the Co., Rane Madras International Holdings B.V. (the Co.'s subsidiary) has sold its entire stake in Rane Light Metal Castings Inc. (LMCA) (the Co.'s step-down subsidiary) on Sep 14, 2023 for a consideration of USD 4.9 million. Accordingly, for the yr ended Mar 31, 2024, the Co. had recorded a fair value loss aggregating to Rs.121.56 Cr. in the sfr and loss on sale of the aforesaid step down subsidiary aggregating to Rs.85.46 Cr. in the cfr as an exceptional item. Consequent to the sale of LMCA, Rane Madras International Holdings B.V., has carried out a reduction of capital in the equity and non-convertible redeemable preference shares issued to the Co. The Co. has determined that it is eligible to claim the tax benefit arising from such losses and had accordingly recorded a deferred tax asset of Rs.113.34 Cr. in the yr ended Mar 31, 2024. The Co. has also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this deferred tax asset. Consequent to sale of LMCA, the Group has consolidated the financial performance of LMCA till Sep 14, 2023 and the assets / liabilities of LMCA were de-recognized in the consolidated BS on Sep 14, 2023. The BoD of the Co. in their meeting held on Feb 09, 2024, considered and approved the proposed scheme of amalgamation (“Scheme”) wherein Rane Brake Lining Limited (“RBL”) and Rane Engine Valve Limited ( REVL”) would merge into the Co. with effect from Apr01, 2024 (‘the appointed date’) under sections 230 to 232 of the Co’s Act, 2013, and other applicable sections and provisions of the Co’s Act, 2013 read together with the rules made thereunder. The aforesaid scheme is subject to the approval of shareholders and creditors of the respective companies, NCLT and such other approvals as may be required. BSE & NSE vide their respective letters dt. July 18, 2024 have issued no adverse observation/ no objection to the scheme. During the yr ended Mar 31, 2024, the Co. had set up a new subsidiary Rane Automotive Components S. de R.L. de C.V. and is currently in the process of setting up the manufacturing facility. Accordingly the Cfr include the financial performance of this subsidiary effective from the yr ended Mar 31, 2024. The fig for the qtr ended Mar 31, 2024 as reported in these financial results are the balancing fig between audited fig in respect of the full financial yr and the published unaudited yr to date fig up to the end of the third qtr of the relevant financial yr. Other Expenses 941600000.00 (i) Remeasurement gains/(losses) on defined benefit plans, net -1200000.00 -1200000.00 -300000.00 (i) Exchange differences on translating financial statements of n foreign operations 4200000.00 4200000.00 0.00