CERA2023-04-012023-06-30 CERA2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member CERA2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532443 CERA NOTLISTED Cera Sanitaryware Limited Equity 2023-04-01 2024-03-31 2023-08-03 2023-07-24 INR Lakhs First quarter 11:25:00 12:15:00 2023-08-03 2023-08-03 Not applicable Single segment Building Products 2023-04-01 2023-06-30 Unaudited Consolidated 4289070000.00 152777000.00 4441847000.00 600942000.00 1368601000.00 -32354000.00 576153000.00 13326000.00 83203000.00 1071740000.00 3681611000.00 760236000.00 0.00 760236000.00 161588000.00 31632000.00 193220000.00 0.00 567016000.00 0.00 0.00 0.00 0.00 567016000.00 -1845000.00 565171000.00 562812000.00 4204000.00 560954000.00 4217000.00 65029000.00 5 43.27 43.27 0.00 0.00 43.27 43.27 CERA SANITARYWARE LIMITED Notes to the Statement of Unaudited Consolidated Financial Results for the Quarter ended June 30, 2023 1.) These unaudited consolidated financial results of the Company and its subsidiaries (“the Group”), for the quarter ended June 30, 2023 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on August 3, 2023. The Statutory Auditors of the Company have carried out a limited review of the unaudited consolidated financial results for the quarter ended June 30, 2023 and have issued an unmodified review report on these consolidated financial results. 2.) The above unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards (“Ind AS”), as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended thereafter and other recognised accounting practices and policies to the extent applicable. 3.) The figures for the quarter ended March 31, 2023 are the balancing figures between the audited figures in respect of full financial year ended March 31, 2023 and the unaudited year to date figures up to the third quarter ended December 31, 2022. 4.) The Group operates mainly in manufacturing of “Building Products” and all other activities are incidental thereto which have similar risk and return. Further, the sales are substantial in the domestic market. Accordingly, there are no separate reportable segments as required under Ind AS 108 “Operating Segment”. 5.) During the financial year 2018-19, the Parent Company acquired share capital worth Rs. 806 Lakhs for 26% stake in M/s Milo Tile LLP ( Milo ) which was a vendor of tiles for the Parent company. During the financial year 2022-23 Milo has been unable to maintain product quality parameters which has forced the Parent Company to discontinue procuring tiles from Milo, and raise claims based on inferior quality products supplied by Milo. The Parent Company had served Legal notices on Milo and the other LLP partners for violation of certain terms of the Investment Agreement. Further, both the parties are exploring an out of court dispute resolution as envisaged in the Investment agreement. As a matter of abundant caution, the Parent Company provided for an Impairment Loss of Rs. 500 Lakhs in the March 2023 quarter as an “Exceptional Item”. However, the Parent Company is taking all necessary steps for recovery of its Equity Investment. Milo has not provided the financial results since 1st April 2022 due to which the Profit / (Loss) for the said period could not be included in the above unaudited consolidated financial results of the Group. 6.) The Board of Directors of the Parent Company recommended a dividend of Rs. 50 /- per fully paid-up equity share of Rs. 5 /- each for financial year 2022-23 at its meeting held on May 10, 2023. The same was approved by the shareholders in the Annual General Meeting of the Company held on July 6, 2023. 7.) Figures of the previous period have been regrouped / reclassified / restated wherever considered necessary. By the Order of the Board of Directors For Cera Sanitaryware Limited Anupam Gupta Executive Director (Technical) (DIN: 09290890) Date: August 3, 2023 Place: Ahmedabad Other expenses 1071740000.00