MINDACORP2020-07-012020-09-30in-bse-fin:OneOperatingExpenses01Member MINDACORP2020-07-012020-09-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MINDACORP 2020-04-01 2021-03-31 2020-10-27 INR Lakhs Half yearly true Cash Flow Indirect Single segment Automotive 2020-07-01 2020-09-30 Unaudited Standalone 6356700000.00 74400000.00 6431100000.00 3658300000.00 240300000.00 160400000.00 917500000.00 109500000.00 237000000.00 737700000.00 6060700000.00 370400000.00 0.00 370400000.00 24300000.00 77000000.00 101300000.00 0.00 269100000.00 0.00 0.00 0.00 0.00 269100000.00 -5900000.00 263200000.00 0.00 0.00 454400000.00 2 1.18 1.18 0.00 0.00 1.18 1.18 1) The above Statement of Unaudited Standalone Financial Results for the quarter and half year ended 30 September 2020, have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 05 November 2020. The same along with the report of the Statutory auditors has been filed with the Stock Exchanges and is also available on the Company's website at www.sparkminda.com. n n2) As per Ind-AS 108, Operating segments have been defined based on the regular review by the Company’s Chief Operating Decision Maker to assess the performance of each segment and to make decision about allocation of resources. The Company's business activities fall within single primary operating segment, viz, manufacturing of Automobile Components and Parts thereof. Accordingly, disclosures under Ind AS 108, Operating Segments are not required to be made. n n3) The proceeds of Rs. 30,595 Lakhs from Qualified Institutional Placement (QIP) of equity shares raised during the quarter ended 30 June 2018, for the objects of working capital requirement, repayment of outstanding loan, investment in subsidiaries and joint ventures, to fund growth and expansion and towards corporate general purpose, remains unutilised as at 30 September 2020 and invested in interest bearing fixed deposits. n n4) On account of the spread of COVID-19, the Government of India had imposed a complete nation-wide lockdown on 25 March 2020 leading to shut down of the Company's manufacturing facilities and logistics operations. Since then the government of India has progressively relaxed lockdown conditions and has allowed most of the industries and businesses to resume operations in a phased manner. During the previous quarter, the Company had resumed its manufacturing facilities. Management believes that the impact of pandemic seems to be temporary in nature and is not likely to have an impact on the recoverability of the carrying value of its assets as at 30 September 2020. The management is continuously and closely monitoring the developments and possible effects that may result from the current pandemic on its financial condition, liquidity and operations and is actively working to minimize the impact of this unprecedented situation. As the situation is still continuously evolving, the eventual impact may be different from the estimates made as of the date of approval of these financial results. n n5) The Board of Directors of the Company in their meeting held on 09 June 2020 decided to withdraw the financial support to its material wholly owned subsidiary Minda KTSN Plastic Solutions GmbH Co. & KG, Germany (MKTSN), pursuant to which MKTSN filed for insolvency. n nAccordingly, management assessed the recoverability of investment, loans and other receivables given to MKTSN based on the financial statements of MKTSN and recorded impairment loss of Rs. 27,952 lakhs in respect of its investments, loans and other receivables from MKTSN. Further, the management also provided for Rs. 8,703 lakhs pursuant to guarantee given by the Company to banks in respect of loans taken by MKTSN. The total charge of Rs. 36,655 lakhs was presented as exceptional items in the Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2020. n n6) 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. Single segment 2020-04-01 2020-09-30 Unaudited Standalone 8047800000.00 164600000.00 8212400000.00 4523600000.00 348200000.00 248100000.00 1414300000.00 186100000.00 429900000.00 1069300000.00 8219500000.00 -7100000.00 0.00 -7100000.00 24400000.00 -13400000.00 11000000.00 0.00 -18100000.00 0.00 0.00 0.00 0.00 -18100000.00 -8300000.00 -26400000.00 0.00 0.00 454400000.00 2 -0.08 -0.08 0.00 0.00 -0.08 -0.08 Other Expenses 737700000.00 Other Expenses 1069300000.00 165100000.00 356100000.00 -156300000.00 0.00 0.00 0.00 0.00 237200000.00 0.00 125100000.00 0.00 0.00 0.00 429900000.00 15500000.00 -26200000.00 0.00 243600000.00 0.00 -11100000.00 0.00 123900000.00 6500000.00 0.00 0.00 0.00 0.00 0.00 0.00 1261500000.00 1254400000.00 0.00 0.00 0.00 106800000.00 9200000.00 1156800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5700000.00 586900000.00 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 104800000.00 0.00 -1397900000.00 0.00 -1874300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 916400000.00 0.00 0.00 84000000.00 0.00 159000000.00 0.00 0.00 673400000.00 -44100000.00 0.00 -44100000.00 184800000.00 140700000.00