SHARDAMOTR2024-10-012024-12-31 SHARDAMOTR2024-10-012024-12-31 SHARDAMOTR2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member SHARDAMOTR2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member SHARDAMOTR2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 535602 SHARDAMOTR NOTLISTED Sharda Motor Industries Limited Equity 2024-04-01 2025-03-31 2025-02-04 2025-01-28 INR Lakhs Third quarter 17:48:00 18:35:00 2025-02-04 2025-02-04 Not applicable Single segment Manufacturing & Trading of auto component parts 2024-10-01 2024-12-31 Unaudited Consolidated 6899947000.00 208789000.00 7108736000.00 5087371000.00 135861000.00 -132786000.00 379000000.00 5759000.00 147997000.00 485437000.00 6108639000.00 1000097000.00 0.00 1000097000.00 243375000.00 9950000.00 253325000.00 0.00 746772000.00 0.00 0.00 0.00 7578000.00 754350000.00 -627000.00 753723000.00 754359000.00 -9000.00 753732000.00 -9000.00 57408000.00 2 25.63 25.63 0.00 0.00 25.63 25.63 1. These standalone financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (“Ind AS”), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in compliance with the regulation 33 of the SEBI (listing obligations and Disclosure requirements) regulations 2015. 2The above consolidated financial results have been extracted from the unaudited consolidated financial statement for the period ended December 31, 2024 and have been reviewed and recommended by the Audit Committee and further considered & approved by the Board of Directors at their meeting held on February 04, 2025. The statutory auditors of the company have expressed an unmodified review opinion on these consolidated financial results. 3.During the previous quarter ending September 30, 2024, the shareholders in Annual General Meeting held on September 26, 2024, has approved final dividend of Rs.9.92 per equity share of the face value of ` 2 each pertaining to the financial year 2023-24 amounting to Rs. 2847.42 lakhs, the same has been paid in the current quarter ending December 31, 2024 4.In line with the provision of Ind AS 108- Operating Segments and on the basis of review of operations being done by the management of the company, the operations of the company falls under manufacturing & trading of auto component parts, which is considered to be the only reportable segment by the management. 5.The code on Social Security, 2020 (''Code ) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any impact in the period the Code becomes effective. 6.During the previous year, in the month of May 2023, the Income Tax Department (‘the department’) had conducted a search under section 132 of the Income Tax Act, 1961 at company’s registered & corporate office, few of its manufacturing locations and other premises and residence of few of its employees/key managerial personnel. During the search proceedings, the company has provided necessary information and responses to the department. Also, the department has taken certain documents, data backups and other information for further investigation. The business and operations of the company is continuing without any disruptions. Details called for in these cases vide various notices issued u/s 142(1) and other sections of the I.T. Act has been submitted. Having regard to the matter as stated above, the management is of the view that no material adjustments are required to these financial results in this regard. 8.Figures of the previous period/year have been re-grouped / re-classified, wherever necessary to make them comparable with the current period figures. 9.The consolidated financial results of the company are also available on the Company's website (www.shardamotor.com) and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com). Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 20867169000.00 558949000.00 21426118000.00 15066436000.00 412179000.00 -102783000.00 1088408000.00 15529000.00 416421000.00 1447127000.00 18343317000.00 3082801000.00 0.00 3082801000.00 773245000.00 10329000.00 783574000.00 0.00 2299227000.00 0.00 0.00 0.00 10539000.00 2309766000.00 -1880000.00 2307886000.00 2309775000.00 -9000.00 2307894000.00 -9000.00 57408000.00 2 78.92 78.92 0.00 0.00 78.92 78.92 Other Expenses 485437000.00 Other Expenses 1447127000.00 The Board of Directors at its meeting held on April 18, 2024, approved a proposal to buy-back upto 10,27,777 equity shares of the company for an aggregate amount not exceeding Rs 18,499.99 lakh, being 3.46% of the total paid-up equity share capital at Rs 1,800 per equity share. The shareholders approved the same on May 24, 2024, by way of a special resolution through postal ballot. A Letter of Offer was made to all eligible shareholders. The company bought back 10,27,777 equity shares out of the shares that were tendered by eligible shareholders and extinguished the equity shares on June 28, 2024. Capital redemption reserve was created to the extent of share capital extinguished (Rs 20.56 lakh). The excess cost of buy-back of Rs 18,684.72 lakh (including Rs 205.29 lakh towards transaction cost of buy-back) over par value of shares and corresponding tax on buy-back of Rs 4,306.49 lakh were offset from retained earnings. -838000.00 -2513000.00 -211000.00 -633000.00