SAGCEM2023-01-012023-03-31 SAGCEM2023-01-012023-03-31 SAGCEM2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member SAGCEM2023-01-012023-03-31in-bse-fin:OneOperatingExpenses02Member SAGCEM2023-01-012023-03-31in-bse-fin:OneOperatingExpenses03Member SAGCEM2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member SAGCEM2023-01-012023-03-31in-bse-fin:FourOperatingExpenses02Member SAGCEM2023-01-012023-03-31in-bse-fin:FourOperatingExpenses03Member SAGCEM2023-03-31 SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue01Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue02Member SAGCEM2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue01Member SAGCEM2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue02Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults01Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults02Member SAGCEM2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults01Member SAGCEM2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults02Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets01Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets02Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member SAGCEM2023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member SAGCEM2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member SAGCEM2023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 502090 SAGCEM - Sagar Cements Limited Equity 2022-04-01 2023-03-31 2023-05-10 2023-04-28 INR Lakhs Yearly 15:15:00 19:00:00 2023-05-10 2023-05-10 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2023-01-01 2023-03-31 Audited Consolidated 6215400000.00 1810400000.00 8025800000.00 1181400000.00 47900000.00 13300000.00 258400000.00 519100000.00 415500000.00 4325800000.00 6761400000.00 1264400000.00 0.00 1264400000.00 55600000.00 229000000.00 284600000.00 0.00 979800000.00 0.00 0.00 0.00 0.00 979800000.00 1500000.00 981300000.00 1005300000.00 -25500000.00 1006800000.00 -25500000.00 261400000.00 2 7.50 7.50 0.00 0.00 7.50 7.50 0.01 0.00 0.04 1.The above standalone and consolidated financial results of Sagar Cements Limited ( the Company ) as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on May 10, 2023. The results for the year ended March 31, 2023 have been audited and for the quarter ended March 31, 2023 have been reviewed by the statutory auditors. The statutory auditors of the Company have expressed an unmodified opinion on the financial results for the year ended March 31, 2023 and have issued an unmodified conclusion in respect of the limited review of the quarter ended March 31, 2023. 3. The standalone and consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 ( the Act ) read with relevant rules issued thereunder ('Ind AS') and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ( SEBI ) . 4. The consolidated financial results includes the results of the Parent and its subsidiaries together referred to as the Group : a. Sagar Cements Limited (Parent company). b. Jajpur Cements Private Limited (wholly owned subsidiary company) c. Sagar Cements (M) Private Limited (formerly Satguru Cement Private Limited) (subsidiary company) d. Andhra Cements Limited (subsidiary company) (w.e.f. March 18, 2023) (Refer note 6) 5. The Board of Directors of the Company in their meeting on January 28, 2022 approved the proposed Scheme of Amalgamation of its wholly owned subsidiary Jajpur Cements Private Limited (JCPL) with the Company subject to necessary approval from the authorities concerned under section 230 and 232 of the Companies Act 2013. Upon approval of the Scheme from the concerned authorities, the undertakings of Jajpur Cements Private Limited shall get transferred to and vested in the Company with the Appointed Date of April 01, 2022 or such other date as the Hon’ble National Company Law Tribunal may approve. Pending such approval, the standalone financial results of the Company for the quarter ended December 31, 2022 and year ended March 31, 2023 are presented without giving effect to the said merger. Multi segment 2022-04-01 2023-03-31 Audited Consolidated 22295400000.00 2227000000.00 24522400000.00 3803500000.00 243700000.00 174500000.00 993400000.00 2016400000.00 1557700000.00 15548500000.00 24337700000.00 184700000.00 0.00 184700000.00 294600000.00 -194900000.00 99700000.00 0.00 85000000.00 0.00 0.00 0.00 0.00 85000000.00 1500000.00 86500000.00 290400000.00 -205400000.00 291900000.00 -205400000.00 261400000.00 2 0.00 0.66 0.66 0.00 0.00 0.66 0.66 0.01 0.00 0.02 Other expenses 776300000.00 Power and fuel expenses 2418200000.00 freight and forwarding 1131300000.00 Other expenses 2724500000.00 Power and fuel expenses 8935300000.00 freight and forwarding 3888700000.00 514400000.00 26867100000.00 991800000.00 118000000.00 416200000.00 532700000.00 0.00 5300000.00 431000000.00 436300000.00 978100000.00 361000000.00 30701200000.00 2709400000.00 0.00 1332100000.00 1749100000.00 355700000.00 4800000.00 52600000.00 3494300000.00 500000.00 1327300000.00 7531500000.00 38232700000.00 261400000.00 16113500000.00 16374900000.00 16889300000.00 11519500000.00 0.00 916600000.00 12436100000.00 102900000.00 1082500000.00 0.00 24900000.00 13646400000.00 3201700000.00 3088000000.00 437000000.00 6726700000.00 784000000.00 44200000.00 142100000.00 7697000000.00 0.00 0.00 21343400000.00 38232700000.00 6. The National Company Law Tribunal, Amaravati Bench, approved the terms of the Resolution Plan submitted by the Company to acquire Andhra Cements Limited (“ACL”) on February 16, 2023 pursuant to a Corporate Insolvency Resolution Process implemented under the Insolvency and Bankruptcy Code 2016 (the “Resolution Plan”), and the terms of the Resolution Plan are now binding on the Company. Pursuant to the Resolution Plan, the Company has subscribed to 95% of the reconstituted paid-up share capital of ACL for an aggregate amount of Rs. 32,223 Lakhs and remaining 5% of the reconstituted paid-up share capital of ACL continue to be held by the existing public shareholders. Consequently, the Company acquired control w.e.f. March 18, 2023. In accordance with Ind AS 103 “Business Combination”, purchase consideration has been allocated on a provisional basis, pending final determination of the fair value of assets and liabilities acquired. The purchase consideration has been allocated on a provisional basis resulting in a Capital Reserve of Rs. 1,914 Lakhs as at March 31, 2023. Consequent to the above acquisition, the consolidated results of the current quarter/year are strictly not comparable to the previous quarter/year. 7.The Board of Directors at their meeting held on May 10, 2023, recommended a final dividend of Rs. 0.70 per equity share of Rs. 2 each (35%) on the 13,07,07,548 equity shares of the Company. This is subject to approval of the shareholders in the upcoming Annual General Meeting. 8. The figures for the current quarter and quarter ended March 31, 2022, are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2023 and March 31, 2022, respectively and published year to date figures up to third quarter ended December 31, 2022 and December 31, 2021, respectively, which were subject to limited review by the statutory auditors. Cement 6215400000.00 Power 0.00 Cement 22295400000.00 Power 0.00 6215400000.00 22295400000.00 6215400000.00 22295400000.00 Cement 1783500000.00 Power 0.00 Cement 2201100000.00 Power 0.00 1783500000.00 2201100000.00 519100000.00 2016400000.00 * With effect from January 01, 2023, the Company has combined the “Power” segment with the “Cement” segment based on an assessment of operations by the Chief Operating Decision Maker (CODM). Accordingly, as at March 31, 2023, the Company had one business segment as per Ind AS 108 viz., Cement. 1264400000.00 184700000.00 Cement 38232700000.00 Power 0.00 38232700000.00 Cement 21343400000.00 Power 0.00 21343400000.00 2016400000.00 -623700000.00 29300000.00 -158300000.00 0.00 260900000.00 -38600000.00 0.00 0.00 0.00 836100000.00 0.00 0.00 1557700000.00 0.00 29200000.00 130000000.00 -266400000.00 158200000.00 0.00 0.00 2027200000.00 0.00 -196400000.00 0.00 0.00 -1300000.00 8900000.00 0.00 1714800000.00 1899500000.00 0.00 0.00 0.00 147900000.00 0.00 1751600000.00 0.00 3222300000.00 0.00 0.00 0.00 0.00 0.00 0.00 13300000.00 0.00 4514900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1177400000.00 0.00 0.00 0.00 0.00 0.00 1670100000.00 0.00 -99000000.00 0.00 1699600000.00 0.00 0.00 3500000000.00 0.00 0.00 0.00 0.00 0.00 865400000.00 6061300000.00 0.00 18200000.00 91500000.00 1778700000.00 0.00 -81300000.00 -3665600000.00 -214400000.00 0.00 -214400000.00 1963500000.00 1749100000.00 2200000.00 2200000.00 700000.00 700000.00