SAGCEM2023-04-012023-06-30 SAGCEM2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SAGCEM2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member SAGCEM2023-04-012023-06-30in-bse-fin:OneOperatingExpenses03Member SAGCEM2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 502090 SAGCEM Notlisted Sagar Cements Limited Equity 2023-04-01 2024-03-31 2023-07-27 2023-07-12 INR Lakhs First quarter 16:00:00 17:30:00 2023-07-27 2023-07-27 Not applicable Single segment Cement 2023-04-01 2023-06-30 Unaudited Consolidated 5396700000.00 39100000.00 5435800000.00 1019800000.00 53200000.00 -73700000.00 268400000.00 436700000.00 495900000.00 3824200000.00 6024500000.00 -588700000.00 0.00 -588700000.00 19400000.00 -185800000.00 -166400000.00 0.00 -422300000.00 0.00 0.00 0.00 0.00 -422300000.00 0.00 -422300000.00 -397700000.00 -24600000.00 -397700000.00 -24600000.00 261400000.00 2 -3.23 -3.23 0.00 0.00 -3.23 -3.23 0.01 0.00 0.01 Notes: 1 The above 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 July 27, 2023. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review of the quarter ended June 30, 2023. 2 The Group is engaged in manufacture and sale of cement and cement related products which constitutes a single reportable business segment as per Ind AS 108 - 'Operating Segments'. 3 The 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. Merger application has been filed with the Hon’ble National Company Law Tribunal on July 06, 2023. 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 consolidated financial results of the Company for the quarter ended June 30, 2023, quarter ended June 30, 2022 and quarter and year ended March 31, 2023 and are presented without giving effect to the said merger. 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. Accordingly, the Company had recognized its capital reserve amounting to Rs. 1,914 Lakhs in the previous quarter ended 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 figures for the quarter ended March 31, 2023 are the balancing figures of the audited financials for the year ended March 31, 2023 and unaudited the year to date published results for the nine months ended December 31, 2022, which were subject to limited review by the statutory auditors. Freight and forwarding expense 1017100000.00 Other expenses 714100000.00 Power and fuel expenses 2093000000.00 0.00 0.00