STERTOOLS2024-04-012024-06-30 STERTOOLS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member STERTOOLS2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530759 STERTOOLS NOTLISTED Sterling Tools Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-08-06 INR Lakhs First quarter 12:05:00 14:20:00 2024-08-13 2024-08-13 Not applicable Single segment FASTENERS 2024-04-01 2024-06-30 Unaudited Consolidated 2816800000.00 19832000.00 2836632000.00 1532148000.00 0.00 -35442000.00 223309000.00 24921000.00 76818000.00 775566000.00 2597320000.00 239312000.00 0.00 239312000.00 65897000.00 -10671000.00 55226000.00 0.00 184086000.00 0.00 0.00 0.00 0.00 184086000.00 -1620000.00 182466000.00 0.00 0.00 0.00 0.00 72048000.00 2 5.11 5.09 0.00 0.00 5.11 5.09 Notes: 1. The consolidated financial results of Sterling Tools Limited (the 'Holding Company') for the quarter ended 30 June 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 13 August 2024. The statutory auditors of the Holding Company have conducted a limited review of these consolidated financial results. 2. The above results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), as specified under section 133 of the Companies Act, 2013, other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended). 3. Figures for the quarter ended 31 March 2024 represents the balancing figures between the audited figures in respect of the full financial year and published year to date reviewed figures upto the third quarter of the year ended 31 March 2024. 4. The Group is primarily in the business of manufacturing of automotive components which falls within a single business segment in terms of the Indian Accounting Standard 108, 'Operating Segments' and and accordingly there are no reportable segments. 5. Exceptional items includes: Particulars Three months ended 30 June 2024 Preceding three months ended 31 March 2024 Corresponding three months ended 30 June 2023 Year ended 31 March 2024 (a) Insurance claim - - - 60.10 (b) Interest - - (20.39) (20.39) Total - - (20.39) 39.71 a. pertains to insurance claim received from an insurance company on account of a fire incident in an earlier year at one of the Holding Company's manufacturing facility. b. pertains to estimated interest liability recognised by the Holding Company on proposed foreclosure of authorisation license under Export Promotion Capital Goods (‘EPCG’) scheme. 6. The Board of Directors of the Holding Company had considered and approved the amalgamation of Haryana Ispat Private Limited, a wholly owned subsidiary, by way of a scheme of amalgamation in its meeting dated 1 February 2024. Thereafter, the scheme has been filed at the Delhi Bench of the Hon'able National Company Law Tribunal ('the NCLT') and the approval of the NCLT is awaited. 7. The Holding Company, during the quarter, has acquired two wholly owned subsidiaries namely Sterling E-Mobility Private Limited and Sterling Tech-Mobility Limited on 28 June 2024. 8. Previous period/year figures have been regrouped/reclassified, where necessary, to conform to the current period's classification. The impact of such reclassification/regrouping is not material to these consolidated financial results. Other Expenses 775566000.00 2161000.00 -541000.00