MANAKSTEEL2024-04-012024-06-30 MANAKSTEEL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member MANAKSTEEL2024-06-30 MANAKSTEEL2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MANAKSTEEL2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539044 MANAKSTEEL NOTLISTED Manaksia Steels Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-08-06 INR Lakhs First quarter 16:35:00 18:10:00 2024-08-13 2024-08-13 Not applicable Single segment Metals 2024-04-01 2024-06-30 Unaudited Standalone 1563066000.00 38015000.00 1601081000.00 1203435000.00 0.00 182551000.00 38915000.00 15202000.00 11679000.00 112300000.00 1564082000.00 36999000.00 0.00 36999000.00 10500000.00 3240000.00 13740000.00 0.00 23259000.00 0.00 0.00 0.00 0.00 23259000.00 -3017000.00 20242000.00 0.00 0.00 65534000.00 1 0.35 0.35 0.00 0.00 0.35 0.35 (a) The Financial Results of the Company for the Quarter ended 30th June, 2024 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 13th August, 2024. The Statutory Auditors of the Company have carried out Limited Review of these results and the results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (b) The Consolidated Financial Results comprise of Manaksia Steels Limited, its wholly owned subsidiary, Technomet International FZE, Federated Steel Mills Limited, Far East Steel Industries Limited and Sumo Agrochem Limited. Technomet International FZE has applied for volutanry liquidation, pending order, the effect of the same has not been given for. Pursuant to application for voluntary liquidation, Technomet Investment in equity shares of step down subsidiary Federated Steel Mills Limited, Far East Steel Industry Limited and Sumo Agrochem Limited has been transferred to Manaksia Steels Limited and same has been accounted for using the pooling of interest method in compliance with applicable Indian Accounting Standards. (c) As the Company's business activity falls within a single primary business segment, viz., Metals, the disclosure requirements of Ind AS 108, Operating Segments, are not applicable. (d) Exceptional Items constitute Income/(Expense) Standalone Paticulars 31st Mar 24(FY) Reversal of Entry Tax Provision on account of SOD 285.15 Foreign Exchange Loss on Devaluation of Nigerian Cur. - Total Exception Items 285.15 Due to continued volatility resulting from significant devaluation of the Nigerian currency, the Group has incurred foreign exchange losses in its subsidiary companies based in Nigeria. These losses have been reported as an exceptional item in the Group's consolidated financial results. (e) The figures for the quarter ended 31st March 2024 are the balancing figures between audited figures in respect of full financial year and year to date unaudited figures upto the third quarter of respective financial year which were subject to Limited Review. (f) Comparative figures have been rearranged/regrouped wherever necessary. (g) The above Financial Results of the Company for the Quarter ended 30th June, 2024 are available at the Company's website www.manaksiasteels.com and websites of all Stock Exchanges, where the Equity shares of the Company are listed. Other Expenses 112300000.00 Items that will not be reclassified subsequently to Profit and Loss -3520000.00 -3520000.00 -503000.00 Items that will be reclassified subsequently to Profit and Loss 0.00 0.00 0.00