URAVI2024-04-012024-06-30 URAVI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member URAVI2024-06-30 URAVI2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543930 URAVI NA Uravi T and Wedge Lamps Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-08-08 INR Lakhs First quarter 17:18:00 17:37:00 2024-08-13 2024-08-13 Not applicable Single segment Manufacture and Supply of Automotive Components 2024-04-01 2024-06-30 Unaudited Standalone 110930000.00 2034000.00 112964000.00 62890000.00 0.00 -12876000.00 25769000.00 5560000.00 5961000.00 19174000.00 106478000.00 6486000.00 0.00 6486000.00 2207000.00 -182000.00 2025000.00 0.00 4461000.00 0.00 0.00 0.00 0.00 4461000.00 -118000.00 4343000.00 0.00 0.00 110000000.00 10 0.41 0.39 0.00 0.00 0.41 0.39 1. The Statement has been prepared in accordance with the Companies (Ind AS) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 2. The above standalone financial results of the company were reviewed and recommended by the Audit committee and subsequently approved by the Board of Directors at its meeting held on the 13th August 2024. The review report has been filed with stock exchange and is available on the Company’s website. 3. The financial results for the quarter ended 30th June 2024 have been subjected to limited review by the statutory auditors of the Company. The statutory auditor has issued an unqualified review opinion on the financial results. 4. The figures for the quarter ended 31st March 2024 are balancing figures between audited figures of full financial year and reviewed year to date figures upto nine months ended 31st December 2023. 5. The Company is primarily engaged in the activity of manufacturing and supply of automotive components and considers it to be a single reportable business segment. The Company Operates in a single segment, hence segment reporting in terms of Ind AS-108 is not applicable. 6. The Company has imported certain goods and obtained clearance for the same by classifying them under an incorrect HSN code and is therefore alleged to have paid a lower amount of duty. Maharashtra Office of the Commissioner of Customs had accordingly given a notice for the violation and the Company has presented its reasoning for classification of the goods under the same category. However, the authority had passed an order of recovery of differential duty amounting to Rs.8.6 lakhs and interest as per Section 28(4) of the Customs Act, 1962 and levy of penalty amounting to Rs.8.6 lakhs (equivalent to differential custom duty). The Company has filed an appeal against the order. 7. During the period under review, the company has issued and allotted partly paid 15,00,000 convertible share warrants of Rs.330 each (including of premium of Rs.320 each) on preferential basis, aggregating to Rs.4950.00 lakhs; paid up value Rs.82.50 each aggregating to Rs.1237.50 lakhs. Each warrant is convertible into 1 fully paid-up equity share of Rs.10 each at any time on or before the expiry of 18 months from the date of allotment of the Warrants 8. There are no investor complaints pending as on 30th June 2024. 9. Previous periods’ figures have been regrouped / reclassified where required to make them compatible with the figures of current periods. Other Expenses 19174000.00 Acturial gain/(loss) on employee defined benefit funds recognised in other Comprehensive Income -88000.00 -88000.00 30000.00 0.00