SHRIPISTON2022-04-012022-06-30SHRIPISTON2022-04-012022-06-30in-bse-fin:OtherExpenses1MemberSHRIPISTON2022-04-012022-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1SHRIPISTON2022-04-012022-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:sharesSHRIPISTONINE526E01018SHRIRAM PISTONS & RINGS LTD.Equity2022-04-012023-03-312022-08-042022-07-21INRLakhsFirst quarterSingle segmentAutomotive segment2022-08-0403:30:002022-08-0405:10:00Not applicable2022-04-012022-06-30UnauditedStandalone62013000006840000062697000002589100000173400000-40000000100390000030100000240000000153850000055350000007347000000734700000198000000-99000001881000000546600000000054660000020200000566800000202000005668000002202000001024.8224.820024.8224.820.0018<div> <br></br> <div>The Company deals principally in only one segment i.e. automotive components. The results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ( referred to as "IND AS") 34 Interim Financial reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules made thereunder. The Company has taken into account the possible impact of COVID pandemic in preparation of financial results of the quarter ended June 30, 2022, including internal and external factors known to the management upto the date of approval of these results, to assess and finalise the carrying amount of its assets and liabilities. Accordingly, as on date, no material impact is anticipated in the aforesaid carrying amounts. The impact of COVID&nbsp; on the Company's financial statements in future may differ from that estimated as at the date of approval of these Financial Results. 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. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.SPR International Auto Exports Limited ("Subsidiary Company") was incorporated in 2005 and has not commenced any operations since then. In the Board of directors' meeting of subsidiary company dated April 04, 2022, it has been decided to make an application to the Registrar of Companies under Section 248(2) of the Companies Act, 2013 read with Rule 4,5,6 and 8 of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, for removing the name of the Company from Register of Companies. The subsidiary company has total assets of Rs 5.4 Lac in the form of cash and bank balances as on March 31, 2022.The figures for the quarter ended March 31, 2022 are the balancing figures between the audited figures for financial year ended March 31, 2022 and the published unaudited figures for nine months period ended December 31, 2021.</div> <br></br> <div>The above results were reviewed and recommended by Audit Committee at its meeting held on August 04, 2022 and taken on record by Board of Directors&nbsp; at its meeting held on August 04, 2022. </div></div>Other Expenses1538500000Remeasurement of the Post employment defined benefit plans28600000286000007200000Fair value change of cash flow hedge-1600000-1600000-400000