RANEHOLDIN2024-04-012024-06-30 RANEHOLDIN2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member RANEHOLDIN2024-06-30 RANEHOLDIN2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member RANEHOLDIN2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member RANEHOLDIN2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss03Member RANEHOLDIN2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505800 RANEHOLDIN NOTLISTED Rane Holdings Limited Equity 2024-04-01 2025-03-31 2024-08-02 2024-06-28 INR Lakhs First quarter 11:35:00 12:55:00 2024-08-02 2024-08-02 Not applicable Single segment The Company holds strategic investments in subsidiaries and joint ventures (collectively called the Group), engaged primarily in manufacturing / marketing of components and providing technological services for the transportation industry, mainly the automotive sector and also provides management information technology and business development services to the Group 2024-04-01 2024-06-30 Unaudited Consolidated 8308500000.00 65900000.00 8374400000.00 4803800000.00 32400000.00 -100500000.00 1245100000.00 174500000.00 334900000.00 1595500000.00 8085700000.00 288700000.00 1900000.00 290600000.00 108500000.00 23000000.00 131500000.00 0.00 159100000.00 0.00 0.00 0.00 35900000.00 195000000.00 12200000.00 207200000.00 131200000.00 63800000.00 7000000.00 5200000.00 142778000.00 10 9.19 9.19 0.00 0.00 9.19 9.19 7.RNSS has been incurring warranty claims with respect to certain specific lots of products sold to one of its customers. RNSS determined the provision for warranty amount based on technical estimates and having regard to the various initiatives taken to recover such warranty cost. RNSS believes that the cumulative provision carried by them towards such special warranty obligations as at June 30, 24, is adequate. Share of P& L of jv/associate entities disclosed in the unaudited cfr of the Co. include the share of exceptional item in relation to such warranty claims in earlier periods and an income of Rs. 445 Lks for the yr ended Mar 31, 24, in relation to sale of the scrapped parts.8.Exceptional items a. Rt4u the Co. assessed the carrying value of its investments and considered the fv changes thereto resulting in a reduction in the carrying value aggregating to Rs. 296 Lks for the qtr ended Jun 30, 23 and yr ended Mar 31, 24 being shown as an exceptional charge in the unaudited sfr. The Co. had sold its entire investment in Rt4u for Rs. 850 Lks in exchange for 862,505 eq.shares in eTrans representing 11.94% stake in eTrans and Rt4u ceased to be a subsidiary of the Co. effective Jul 19, 23. The Grp recorded an exceptional income of Rs. 338 Lks for the yr ended Mar 31, 24, on account of sale of Rt4u in the unaudited cfr. b. REVL incurred VRS expenditure of Rs. 9 Lks for the yr ended Mar 31, 24. REVL has recorded a provision of Rs. 400 Lks for the qtr ended Jun 30, 24, Rs. 300 Lks for the qtr ended Mar 31, 24, Rs. 113 Lks for the qtr ended Jun 30, 23 and Rs. 413 Lks for the yr ended Mar 31, 24, towards estimated product liability costs, in respect of certain valves supplied to its customers. REVL has also recognised an income of Rs. 425 Lks during the qtr ended Jun 30, 24, representing insurance claim towards an overseas customer product liability claim based on the final survey report received by them. c. Pursuant to the approval RMIH B.V. had sold its entire stake in LMCA on Sep 14, 23 for USD 4.9 million. Accordingly, for the yr ended Mar 31, 24, the Grp had recorded loss. 8,546 Lks as an exceptional item RMIH B.V., had carried out a reduction of capital in the NCRPS issued to RML. RML recorded a DTA of Rs. 11,334 Lks in the yr ended Mar 31, 24. RML had also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this DTA. RML primarily incurred provision for one time warranty related costs and VRS expenditure of Rs. 1,875 Lks for the qtr ended June 30, 23 and yr ended Mar 31, 24. d. For the qtr and yr ended Mar 31, 24, RBL, REVL and RML had incurred an expense of Rs. 122 Lks, Rs. 120 Lks and Rs. 160 Lks respectively, and for the qtr ended June 30, 24, RML has incurred an expense of Rs. 6 Lks, towards proposed scheme of amalgamation between and amongst grp entities. 9.Grp consolidated the financial performance of Rt4u till July 19, 23 and the A/L of Rt4u were de-recognised in the consolidated balance sheet on July 19, 23.10. The Grp had consolidated the financial performance of LMCA till September 14, 23 and the A/L of LMCA were de-recognised in the consolidated balance sheet on Sep14, 23. 11. RML had set up a new subsidiary namely RACM and is currently in the process of setting up the mfg facility. The unaudited cfr include the financial performance of this SDS effective from the yr ended Mar 31, 24. 12. During the yr ended Mar 31, 24, ZROS commenced operations. Further, ZRAI acquired TSSW on Mar 28, 24. 13. the BoD of the Co. approved the execution of SPA towards acquisition of the balance 51% eq stake in RNSS from NSK Ltd, for Rs. 4,500 Lks subject to obtaining requisite reg approvals and completion of closing conditions. RNSS has entered into a settlement agreement with NSK, in relation to various claims including warranty claims which shall be payable by NSK to RNSS upon meeting the conditions set out in the settlement and SPA. Other Expenses 1595500000.00 Re-measurement gains / (losses) on defined benefit plans, net 8400000.00 Net gain / (loss) on fair value through other comprehensive income equity instruments -3000000.00 Share of other comprehensive loss of equity accounted investees, net -600000.00 4800000.00 -3300000.00 Exchange differences on translating financial statements of foreign operations 4100000.00 4100000.00 0.00