SHREYAS2024-04-012024-06-30 SHREYAS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member SHREYAS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member SHREYAS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member SHREYAS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member SHREYAS2024-06-30 SHREYAS2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 520151 SHREYAS NOTLISTED Shreyas Shipping & Logistics Limited Equity 2024-04-01 2025-03-31 2024-08-08 2024-07-26 INR Lakhs First quarter 11:30:00 13:45:00 2024-08-08 2024-08-08 Not applicable Single segment Sea Logistics 2024-04-01 2024-06-30 Unaudited Standalone 939000000.00 24900000.00 963900000.00 0.00 0.00 0.00 295400000.00 82600000.00 201200000.00 357300000.00 936500000.00 27400000.00 0.00 27400000.00 11900000.00 -4200000.00 7700000.00 0.00 19700000.00 0.00 0.00 0.00 0.00 19700000.00 29000000.00 48700000.00 0.00 0.00 219600000.00 10 0.90 0.90 0.00 0.00 0.90 0.90 Select explanatory notes to the statement of unaudited standalone financial results for the quarter ended June 30, 2024:- 1. The statement of unaudited standalone financial results (“standalone financial results ) has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard (Ind-AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. These were reviewed by the audit committee and approved by the Board at its meeting held on August 08, 2024. 2. The figures for the quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter for the relevant financial year which were subjected to limited review by the statutory auditor. 3. The Statutory Auditors of the Company have reviewed the standalone financial results for the quarter ended June 30, 2024. 4. The Company has only one operating segment i.e. shipping, hence disclosure of segment wise information is not applicable. 5. One of its vessels MV SSL Brahmaputra met with fire onboard on January 1, 2024 and the Company had charged the cost of repairs and estimated loss adjustment expenditure incurred upto March 31, 2024 of Rs. 3,430 lakhs (including towing charges) to statement of profit and loss as an exceptional item. On the basis of management’s assessment, duly supported by an Initial Survey Report of an independent expert, the Company had also recognised the corresponding insurance claim of Rs. 3,089 lakhs. It was subject matter of auditors qualification for results for the quarter and year ended March 31, 2024. Further, during the current quarter, the Company has charged the additional costs of repairs and estimated loss adjustment expenditure of Rs. 168 lakhs and recognized corresponding insurance claim of Rs. 168 lakhs to statement of profit and loss as exceptional items. Based on past experiences of settlement of marine insurance claims of the Company and coverage of loss event under the terms and coverage of insurance, the management is confident of recovering the same in full. The auditors have modified their review report on the recognition of the insurance claim since the acknowledgment from the Insurance Company is pending and IndAS 37 requires that the reimbursement shall be recognised when, and only when, it is virtually certain that reimbursement will be received. Further, the Company has been named a respondent in three cargo claims totaling to Rs. 1,140 lakhs (security/bank guarantee/undertaking given for Rs. 1,140 lakhs) which are pending with relevant courts, and it expects that there won’t be any liability towards potential cargo claims as it is adequately insured towards such liability. 6. Previous year's/period's figures have been regrouped/reclassified wherever necessary, to confirm to the current period’s classification. 7. The standalone financial results for the quarter ended June 30, 2024 will be available on the Bombay Stock Exchange website (URL:www.bseindia.com/corporates.html), The National Stock Exchange website (URL: www.nseindia.com/corporates.html) and on the Company’s website (URL: www.transworld.com/shreyas-shipping-and-logistics). For Shreyas Shipping and Logistics Limited Capt. Milind Patankar Managing Director (DIN: 02444758) Date: August 08, 2024 Place: Navi Mumbai Fuel, lube oil and fresh water 47700000.00 Other expenses 29400000.00 Other operation cost 160300000.00 Stores and spares 119900000.00 a) Effective portion of gains/( loss) on hedging instruments 29000000.00 29000000.00 0.00