SOLARINDS2023-01-012023-03-31 SOLARINDS2023-01-012023-03-31 SOLARINDS2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member SOLARINDS2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member SOLARINDS2023-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532725 SOLARINDS NOTLISTED Solar Industries India Limited Equity 2022-04-01 2023-03-31 2023-05-03 2023-04-26 INR Crores Yearly 12:45:00 14:15:00 2023-05-03 2023-05-03 true Cash Flow Indirect Declaration of unmodified opinion Single segment MANUFACTURING OF EXPLOSIVES AND INITIATING SYSTEMS 2023-01-01 2023-03-31 Audited Standalone 12534600000.00 31800000.00 12566400000.00 7631300000.00 516400000.00 376300000.00 409700000.00 116300000.00 147300000.00 1223800000.00 10421100000.00 2145300000.00 0.00 2145300000.00 502500000.00 62200000.00 564700000.00 0.00 1580600000.00 0.00 0.00 0.00 0.00 1580600000.00 -5100000.00 1575500000.00 0.00 0.00 181000000.00 2 0.00 0.00 0.00 0.00 0.00 0.00 1. The Audited Standalone Financial Results for the quarter and year ended March 31, 2023 of SOLAR INDUSTRIES INDIA LIMITED (the Company ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on May 03, 2023. The Company confirms that its statutory auditors, have issued audit report with unmodified opinion on the standalone financial results for the quarter and year ended March 31, 2023. 2. These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS”) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 3. The Board has recommended a Final Dividend of Rs. 8/- per equity share i.e. 400% on the face value of Rs. 2/- each for the FY 2022-23. 4. The Company has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. 5. Formulae for the computation of ratios are given in Annexure A. 6. During the financial year 2022-2023 , the Company has issued Commercial Papers (CPs) amounting to Rs. 50 crores each on October 18, 2022 and on November 21, 2022. The total outstanding CPs amounts to Rs. 50 crores as at March 31, 2023 which will mature on May 20, 2023. The Company's issuance of CPs have been rated by ICRA Limited as A1+. 7. During the financial year 2022-23, the Company has issued 600 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 10,00,000/- each amounting to Rs. 60 crores at a coupon rate of 8.20% per annum. The said NCDs were allotted on December 23, 2022 and are redeemable in 12 equal quarterly installment starting from March 23, 2023 till the end of 3 years from the date of allotment with a call and put option available to the Company and the holders to redeem the NCDs post the completion of 2 years from the date of allotment. The Company has partially redeemed 50 debentures of Rs. 10,00,000/- each amounting to Rs. 5 crore and made an interest payment amounting to Rs. 1.21 Crore at a coupon rate of 8.20% per annum on March 23, 2023. 8. The figures for the corresponding previous period have been regrouped, as considered necessary, to conform with current period presentation. 9. The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published yearto-date figures up to the third quarter of the respective financial years. 10. As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com. Annexure A is not included in notes due to limitation of 4000 characters in xbrl notes of stock exchange. However the company has attached the same in pdf. Single segment 2022-04-01 2023-03-31 Audited Standalone 41622500000.00 558400000.00 42180900000.00 27967700000.00 2135600000.00 -55100000.00 1453600000.00 275700000.00 570200000.00 3832400000.00 36180100000.00 6000800000.00 0.00 6000800000.00 1420700000.00 126200000.00 1546900000.00 0.00 4453900000.00 0.00 0.00 0.00 0.00 4453900000.00 243500000.00 4697400000.00 0.00 0.00 181000000.00 2 17493500000.00 0.00 0.00 0.00 0.00 0.00 0.00 Other Expenses 1223800000.00 Other Expenses 3832400000.00 7692400000.00 760400000.00 0.00 100600000.00 23700000.00 2064100000.00 3011600000.00 1008200000.00 6083900000.00 52000000.00 212300000.00 14925300000.00 4600500000.00 200000000.00 5394600000.00 581600000.00 27900000.00 903800000.00 133800000.00 7241700000.00 924200000.00 12766400000.00 27691700000.00 181000000.00 17493500000.00 17674500000.00 17674500000.00 1824700000.00 24800000.00 1849500000.00 0.00 1056500000.00 2906000000.00 2384500000.00 3939100000.00 394900000.00 6718500000.00 347000000.00 45700000.00 7111200000.00 10017200000.00 27691700000.00 275700000.00 -1861900000.00 -2428400000.00 0.00 -21500000.00 0.00 0.00 0.00 0.00 590000000.00 0.00 110000000.00 0.00 570200000.00 0.00 0.00 0.00 0.00 0.00 -193400000.00 0.00 0.00 0.00 0.00 0.00 0.00 27100000.00 0.00 0.00 -2932200000.00 3068600000.00 -344900000.00 0.00 0.00 1396500000.00 0.00 1327200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1703600000.00 43000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -188200000.00 278200000.00 0.00 0.00 0.00 0.00 287200000.00 0.00 0.00 -867500000.00 0.00 -2707300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1800000000.00 560900000.00 10100000.00 0.00 678700000.00 243500000.00 0.00 1423600000.00 1730400000.00 350300000.00 0.00 350300000.00 231300000.00 581600000.00 -5100000.00 243500000.00 0.00 0.00