SOLARINDS2023-04-012023-06-30 SOLARINDS2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SOLARINDS2023-06-30 SOLARINDS2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532725 SOLARINDS NOTLISTED Solar Industries India Limited Equity 2023-04-01 2024-03-31 2023-08-03 2023-07-27 INR Crores First quarter 13:15:00 13:45:00 2023-08-03 2023-08-03 Not applicable Single segment Explosives and its Accessories 2023-04-01 2023-06-30 Unaudited Consolidated 16822100000.00 81900000.00 16904000000.00 7829100000.00 1270700000.00 523800000.00 1001000000.00 246700000.00 341000000.00 2966300000.00 14178600000.00 2725400000.00 0.00 2725400000.00 764900000.00 -56400000.00 708500000.00 0.00 2016900000.00 0.00 0.00 0.00 -1000000.00 2015900000.00 -1000300000.00 1015600000.00 1974100000.00 41800000.00 1247100000.00 -231500000.00 181000000.00 2 21.82 21.82 0.00 0.00 21.82 21.82 0.00 0.03 1. The Unaudited Consolidated Financial Results for the quarter ended June 30, 2023 of SOLAR INDUSTRIES INDIA LIMITED (the Group ) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on August 03, 2023. The Statutory Auditors of the Company have carried out a limited review of the aforesaid results. 2. These results have been prepared in accordance with the Indian Accounting Standard (referred to as “Ind AS”) 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 3. The Group has identified 'Explosives and its Accessories', as its only reportable segment as defined under Ind AS 108 - Operating Segments. 4.Commercial papers amounting to Rs 50 crores due for redemption during quarter ended June 30 2023 were duly repaid. 5. During the quarter ended June 30, 2023, Group has partially redeemed 50 debentures of Rs 10,00,000/- each amounting to Rs 5 crore on the due date and made an interest payment amounting to Rs 1.14 Crore at a coupon rate of 8.20% per annum. 6. The Group has applied Ind AS 29- Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey. Turkish Lira is functional currency of the aforesaid subsidiaries in Turkey. In preparing the consolidated financial results for the quarter ended June 30, 2023, the non-monetary assets, liabilities, owner's equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the measuring unit current as on the reporting date by applying consumer price index of the Turkish economy. The net impact of the aforesaid restatement amounting to Rs 8.00 Crores has been debited to other expenses for the quarter ended June 30, 2023. The impact of said restatements till March 31, 2023 in respect of the aforesaid subsidiary amounting to Rs 4.82 crore has been credited in the opening retained earnings as at April 01, 2023. 7. During the quarter ended June 30, 2023, Group has incorporated Solar Nitro Kazakhstan Ltd.(a step down overseas subsidiary) through its another stepdown overseas subsidiary i.e Solar Overseas Singapore Pte Limited on May 5, 2023. The said Company has not yet commenced its business operation. 8.Formulae for the computation of ratios are given in Annexure A. 9. Previous period figures have been regrouped, as considered necessary, to confirm with current period presentation. 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 characters in xbrl notes of stock exchange. However the company has attached the same in pdf. Other Expenses 2966300000.00 0.00 Items that will be reclassifies to profit and loss -1038600000.00 -1038600000.00 -38300000.00