RML2024-07-012024-09-30 RML2024-07-012024-09-30 RML2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member RML2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member RML2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532661 RML NOTLISTED Rane (Madras) Limited Equity 2024-04-01 2025-03-31 2024-10-24 2024-09-30 INR Crores Half yearly 11:35:00 12:53:00 2024-10-24 2024-10-24 true Cash Flow Indirect Not applicable Single segment The Company operates only in one segment, namely, manufacture and marketing of components and providing technological services for Transportation industry. 2024-07-01 2024-09-30 Unaudited Standalone 5290200000.00 24100000.00 5314300000.00 3584300000.00 0.00 -228400000.00 542600000.00 149300000.00 207400000.00 1019000000.00 5274200000.00 40100000.00 -1000000.00 39100000.00 0.00 10700000.00 10700000.00 0.00 28400000.00 0.00 0.00 0.00 0.00 28400000.00 -7800000.00 20600000.00 0.00 0.00 162700000.00 10 1.75 1.75 0.00 0.00 1.75 1.75 The above fr have been prepared in accordance with the recognition and measurement principles laid down in Ind AS34 IFR, prescribed under Sec 133 of the Co’s Act, 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI(LODR). RML and its subsidiaries (collectively referred to as the Grp) are engaged in the manufacture of components primarily for Transportation industry, which in the context of Indian Accounting Standard (Ind AS) 108 – Operating Segments, is considered as the only operating segment of the Grp. Exceptional items comprise: In the standalone and cfr: For the qtrs ended Sep 30,2024 and June 30, 2024, exceptional items amounting to Rs.0.10 cr.and Rs.0.06 cr.respectively comprises of expenses related to proposed scheme of amalgamation. For the half yr ended Sep 30, 2023, exceptional items amounting to Rs.18.75 cr. primarily comprise of provision for one time warranty related costs and expenditure towards VRS. For the yr ended Mar 31, 2024, exceptional items includes Rs. 20.35 cr. which primarily comprise of provision for one time warranty related costs, expenses related to proposed scheme of amalgamation and expenditure towards Voluntary Retirement Scheme. - Pursuant to the approval of the BoD and Shareholders of the Co., Rane Madras International Holdings B.V. (the Co.s subsidiary) has sold its entire stake in Rane Light Metal Castings Inc. (LMCA) (the Co.s step-down subsidiary) on Sep 14, 2023 for a consideration of USD 4.9 million. Accordingly, for the qtr ended and half yr ended Sep 30, 2023 and the yr ended Mar 31, 2024, the Co. had recorded a fair value loss aggregating to Rs.121.56 cr. in the sfr and loss on sale of the aforesaid step down subsidiary aggregating to Rs. 85.46 cr. in the cfr as an exceptional item. Consequent to the sale of LMCA, Rane Madras International Holdings B.V., has carried out a reduction of capital in the equity and non-convertible redeemable preference shares issued to the Co. The Co. has determined that it is eligible to claim the tax benefit arising from such losses and had accordingly recorded a DTA of Rs.113.34 cr. in the qtr ended and half yr ended Sep 30, 2023 and yr ended Mar 31, 2024. The Co. has also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this DTA. Consequent to sale of LMCA, the Grp has consolidated the financial performance of LMCA till Sep 14,2023 and the assets / liabilities of LMCA were de-recognized in the consolidated balance sheet on Sep 14, 2023. The BoD of the Co.in their meeting held on Feb 09, 2024, considered and approved the proposed scheme of amalgamation (Scheme) wherein Rane Brake Lining Limited (RBL) and Rane Engine Valve Limited (REVL) would merge into the Co. with effect from Apr01, 2024 (‘the appointed date’) under secs 230 to 232 of the Co’s Act, 2013, and other applicable secs and provisions of the Co’s Act, 2013 read together with the rules made thereunder. BSE & NSE vide their respective letters dated July18, 2024 have issued no adverse observation/ no objection to the scheme. The aforesaid scheme is subject to the approval of shareholders and creditors of the respective companies, NCLT and such other approvals as may be required. Further, Hon’ble National Co. Law Tribunal ('NCLT’), Chennai Bench have vide their order dated Sep 25, 2024, read with order dated Oct 01, 2024 directed the Co. to separately convene the meeting of equity shareholders and unsecured creditors on Nov20, 2024 and Nov 21, 2024 respectively. During the yr ended Mar 31, 2024, the Co. had set up a new subsidiary Rane Automotive Components S. de R.L. de C.V. and is currently in the process of setting up the manufacturing facility. Accordingly the Cfr include the financial performance of this subsidiary effective from the yr ended Mar31, 2024. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 10509000000.00 25300000.00 10534300000.00 6933300000.00 0.00 -251000000.00 1088800000.00 290800000.00 413300000.00 1917000000.00 10392200000.00 142100000.00 -1600000.00 140500000.00 0.00 36600000.00 36600000.00 0.00 103900000.00 0.00 0.00 0.00 0.00 103900000.00 -8700000.00 95200000.00 0.00 0.00 162700000.00 10 6.39 6.39 0.00 0.00 6.39 6.39 Other expenses 1019000000.00 Other expenses 1917000000.00 4124100000.00 244900000.00 46300000.00 107500000.00 413600000.00 0.00 74700000.00 488300000.00 1072100000.00 787200000.00 6870400000.00 2678000000.00 0.00 4099300000.00 140200000.00 600000.00 3000000.00 203900000.00 4447000000.00 0.00 673700000.00 7798700000.00 14669100000.00 162700000.00 2545700000.00 2708400000.00 2708400000.00 2303000000.00 86400000.00 2389400000.00 110700000.00 29500000.00 2529600000.00 5080400000.00 3255600000.00 440400000.00 8776400000.00 413300000.00 241400000.00 9431100000.00 11960700000.00 14669100000.00 290800000.00 -274600000.00 -701000000.00 0.00 -52200000.00 0.00 -5600000.00 111200000.00 0.00 406900000.00 0.00 148600000.00 -100000.00 413300000.00 4400000.00 51300000.00 23400000.00 0.00 -5000000.00 -5300000.00 0.00 2300000.00 0.00 120000000.00 0.00 -4300000.00 -1200000.00 0.00 0.00 518300000.00 658800000.00 0.00 0.00 0.00 54100000.00 0.00 604700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52700000.00 563600000.00 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 3700000.00 0.00 -231900000.00 0.00 -739100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15520600000.00 15144100000.00 0.00 7000000.00 0.00 288000000.00 0.00 0.00 81500000.00 -52900000.00 0.00 -52900000.00 193100000.00 140200000.00 -10400000.00 -11600000.00 -2600000.00 -2900000.00