SAGCEM2024-07-012024-09-30 SAGCEM2024-07-012024-09-30 SAGCEM2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member SAGCEM2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member SAGCEM2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member SAGCEM2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member SAGCEM2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member SAGCEM2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member SAGCEM2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 502090 SAGCEM NOTLISTED Sagar Cements Limited Equity 2024-04-01 2025-03-31 2024-10-23 2024-10-14 INR Lakhs Half yearly 17:15:00 19:30:00 2024-10-23 2024-10-23 true Cash Flow Indirect Not applicable Single segment Cement Manufacturing 2024-07-01 2024-09-30 Unaudited Consolidated 4751200000.00 48400000.00 4799600000.00 876200000.00 17600000.00 166200000.00 307100000.00 463800000.00 576000000.00 3184800000.00 5591700000.00 -792100000.00 0.00 -792100000.00 0.00 -222300000.00 -222300000.00 0.00 -569800000.00 0.00 0.00 0.00 0.00 -569800000.00 -2000000.00 -571800000.00 0.00 0.00 261400000.00 2 -4.36 -4.36 0.00 0.00 -4.36 -4.36 0.01 0.00 0.01 1. The above consolidated unaudited financial results of Sagar Cements Limited ( the Parent Company ) as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on October 23, 2024. The statutory auditors of the Company have issued an unmodified conclusion in respect of the limited review of the quarter and six months ended September 30, 2024. 2. The Group is engaged in manufacture and sale of cement and cement related products which constitutes a single reportable business segment as per Ind AS 108 - 'Operating Segments'. 3. The consolidated unaudited financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ( the Act ) read with relevant rules issued thereunder and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ( SEBI ). 4. The consolidated financial results includes the results of the Parent and its subsidiaries together referred to as the Group : a. Sagar Cements Limited (Parent Company) b. Sagar Cements (M) Private Limited (Subsidiary Company) c. Andhra Cements Limited (Subsidiary Company) Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 10357200000.00 131400000.00 10488600000.00 1949000000.00 48300000.00 67300000.00 611300000.00 927500000.00 1137800000.00 7015000000.00 11756200000.00 -1267600000.00 0.00 -1267600000.00 0.00 -375800000.00 -375800000.00 0.00 -891800000.00 0.00 0.00 0.00 0.00 -891800000.00 -4300000.00 -896100000.00 0.00 0.00 261400000.00 2 -6.82 -6.82 0.00 0.00 -6.82 -6.82 0.01 0.00 0.01 Freight and forwarding Expenses 967200000.00 Other expenses 670200000.00 Power and Fuel Expenses 1547400000.00 Freight and forwarding Expenses 2050600000.00 Other expenses 1373800000.00 Power and Fuel Expenses 3590600000.00 732600000.00 30391900000.00 591700000.00 0.00 416200000.00 969200000.00 0.00 0.00 0.00 0.00 0.00 5500000.00 487100000.00 492600000.00 1621000000.00 377400000.00 34860000000.00 2969500000.00 0.00 2545700000.00 28100000.00 1599600000.00 8400000.00 66600000.00 4248400000.00 7400000.00 411100000.00 7636400000.00 13300000.00 0.00 42509700000.00 261400000.00 18215300000.00 18476700000.00 19209300000.00 10098900000.00 0.00 1072200000.00 11171100000.00 144900000.00 917900000.00 0.00 65600000.00 12299500000.00 4724500000.00 5048800000.00 352000000.00 10125300000.00 743300000.00 53600000.00 78700000.00 0.00 11000900000.00 23300400000.00 42509700000.00 5.The National Company Law Tribunal, Amaravati Bench, approved the terms of the Resolution Plan submitted by the Parent Company to acquire Andhra Cements Limited (“ACL”) on February 16, 2023 pursuant to a Corporate Insolvency Resolution Process implemented under the Insolvency and Bankruptcy Code 2016 (the “Resolution Plan”), and the terms of the Resolution Plan are now binding on the Parent Company. Pursuant to the Resolution Plan, the Parent Company had subscribed to 95% of the reconstituted paid-up share capital of ACL for an aggregate amount of Rs.32,223 lakhs and remaining 5% of the reconstituted paid-up share capital of ACL was continued to be held by the existing public shareholders. Consequently, the Parent Company had acquired control over ACL w.e.f. March 18, 2023. In accordance with Ind AS 103 “Business Combination”, purchase consideration was allocated on a provisional basis at the time of acquisition, pending final determination of the fair value of assets and liabilities acquired. Accordingly, the Company had recognized its capital reserve amounting to Rs.1,914 lakhs in the quarter ended March 31, 2023. During the year ended March 31, 2024, the Company finalised the fair values of identifiable assets and liabilities taken over as on acquisition date, which resulted in capital reserve of Rs.37,516 lakhs and accordingly, the incremental capital reserve of Rs. 35,602 lakhs was recorded in accordance with Ind-AS 103 ‘Business Combinations’. 6. Exceptional item in the financial results represents impairment reversal recorded based on remeasurement of certain assets at fair value as per the agreement entered by the subsidiary, Andhra Cements Limited. 7. During the year ended March 31, 2024, the Parent Company made Offer For Sale (OFS) through stock exchange mechanism for its investment in Andhra Cements Limited (ACL) to meet the initial requirement of Minimum Public Shareholding (MPS) by ACL. Accordingly, shareholding of the Parent Company in ACL reduced from 95% to 90%. The Parent Company registered a short-term capital gain of Rs. 3,189 lakhs from the OFS, which was classified as 'Other Income'. 8.The Board of Directors of the Subsidiary Company, Andhra Cements Limited at its meeting held on March 28, 2024, approved a proposal for issue of shares on a rights basis to the existing shareholders of the Company for an aggregate amount not exceeding Rs.18,000 lakhs and formed a Rights Issue Committee. The Committee approved the Draft Letter of Offer (DLOF) on September 30, 2024 which was filed with Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on the same day. 927500000.00 105900000.00 -468500000.00 0.00 270400000.00 0.00 -8600000.00 0.00 0.00 -129100000.00 0.00 0.00 0.00 1137800000.00 0.00 0.00 18500000.00 -229100000.00 -94300000.00 -4600000.00 0.00 71900000.00 0.00 -50300000.00 0.00 0.00 0.00 45000000.00 0.00 1448700000.00 181100000.00 0.00 8000000.00 0.00 0.00 0.00 173100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50000000.00 690600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72400000.00 0.00 -649400000.00 0.00 -1217600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1231800000.00 803800000.00 0.00 9800000.00 91500000.00 925900000.00 0.00 0.00 -599200000.00 -1643700000.00 0.00 -1643700000.00 1671800000.00 28100000.00 -3300000.00 -6700000.00 -1300000.00 -2400000.00