CERA2024-04-012024-06-30 CERA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member CERA2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532443 CERA NOTLISTED Cera Sanitaryware Limited Equity 2024-04-01 2025-03-31 2024-08-12 2024-08-02 INR Lakhs First quarter 11:30:00 12:15:00 2024-08-12 2024-08-12 Not applicable Single segment Building Products 2024-04-01 2024-06-30 Unaudited Standalone 3980131000.00 162728000.00 4142859000.00 545056000.00 1371813000.00 -112494000.00 580070000.00 11581000.00 84195000.00 1034313000.00 3514534000.00 628325000.00 0.00 628325000.00 129629000.00 29040000.00 158669000.00 0.00 469656000.00 0.00 0.00 0.00 0.00 469656000.00 -1871000.00 467785000.00 0.00 0.00 65029000.00 5 36.11 36.11 0.00 0.00 36.11 36.11 CERA SANITARYWARE LIMITED Notes to the Statement of Unaudited Standalone Financial Results for the Quarter ended 30th June, 2024: 1) These unaudited standalone financial results of the Company for the quarter ended 30th June, 2024 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on 12th August, 2024. The Statutory Auditors of the Company have carried out a limited review of the unaudited standalone financial results for the quarter ended 30th June, 2024 and have issued an unmodified review report on these unaudited standalone financial results. 2) The above unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards (“Ind AS”) as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended thereafter and other recognized accounting practices and policies to the extent applicable. 3) The figures for the quarter ended 31st March, 2024 are the balancing figures between the audited figures in respect of full financial year ended 31st March, 2024 and the unaudited year to date figures up to the third quarter ended 31st December, 2023. 4) The Company operates mainly in manufacturing of “Building Products” and all other activities are incidental thereto which have similar risk and return. Further, the sales are substantially in the domestic market. Accordingly, there are no separate reportable segments as required under Ind AS 108 “Operating Segment”. 5) The Company acquired 26% stake in M/s Milo Tile LLP ( Milo ) in FY 2018-19. Due to ongoing quality related dispute, the Parent Company, as a matter of abundant precaution had fully impaired its investment in Milo after providing for Rs. 155.57 Lakhs (net of payables) in FY 2023-24 which has been disclosed as an “Exceptional Item”. Without prejudice to the above, the Company is taking all necessary steps for recovery of its Equity investment including legal recourse. The Hon’ble High Court of Gujarat has appointed an arbitrator to adjudicate the case and the first hearing in the matter is yet to be held. 6) The Board of Directors of the Company recommended a dividend of Rs. 60 /- per fully paid-up equity share of Rs. 5 /- each for financial year 2023-24 at its meeting held on 13th May, 2024. The same was approved by the shareholders in the Annual General Meeting of the Company held on 11th July, 2024. 7) The Ministry of Finance, as part of the Budget announcement on July 23, 2024 had proposed a revision in the tax rate on Capital Gains which is yet to be passed in Parliament. Consequently, in case the said changes are enacted as proposed, the Deferred tax impact on unrealized gains on Investments recognized over different periods through Statement of Profit & Loss would result into a decrease in Deferred tax Expenses as well as Deferred Tax Liabilities amounting to Rs. 784.99 Lakhs. 8) The Board of Directors of the Company at its meeting held on 5th August, 2024 has considered and approved buyback of its fully paid up equity shares of the Company through the “tender offer” route at a price of Rs. 12,000/- per equity share for an aggregate amount not exceeding Rs. 13,000.00 Lakhs excluding any expense incurred or to be incurred for the buyback. 9) Figures of the previous period have been regrouped / reclassified / restated wherever considered necessary. By the Order of the Board of Directors For Cera Sanitaryware Limited Anupam Gupta Executive Director (Technical) (DIN: 09290890) Date: 12th August, 2024 Place: Ahmedabad Other Expenses 1034313000.00