SHARDAMOTR2023-04-012023-06-30 SHARDAMOTR2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SHARDAMOTR2023-06-30 SHARDAMOTR2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 535602 SHARDAMOTR NOTLISTED Sharda Motor Industries Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-08-03 INR Lakhs First quarter 17:37:00 18:32:00 2023-08-10 2023-08-10 Not applicable Single segment Manufacturing & Trading of auto component parts 2023-04-01 2023-06-30 Unaudited Consolidated 6541013000.00 184027000.00 6725040000.00 5083674000.00 144223000.00 -54995000.00 312464000.00 5115000.00 121809000.00 373246000.00 5985536000.00 739504000.00 0.00 739504000.00 179900000.00 8709000.00 188609000.00 0.00 550895000.00 0.00 0.00 0.00 1348000.00 552243000.00 2147000.00 554390000.00 554390000.00 0.00 553042000.00 0.00 59463000.00 2 18.57 18.57 0.00 0.00 18.57 18.57 Notes: 1. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (“Ind AS”), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in compliance with the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. The above consolidated financial results have been reviewed and recommended by the Audit Committee and further considered & approved by the Board of Directors at their meeting held on August 10, 2023. The statutory auditors of the company have expressed an unmodified review opinion on these consolidated financial results. 3. The figures for the three months ended March 31, 2023 as reported in these unaudited standalone financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. 4. In line with the provision of Ind AS 108- Operating Segments and on the basis of review of operations being done by the management of the company, the operations of the company falls under manufacturing & trading of auto component parts, which is considered to be the only reportable segment by the management. 5. The code on Social Security, 2020 (''Code ) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any impact in the period the Code becomes effective. 6. During this quarter under review, in the month of May 2023, the Income Tax Department (‘the department’) had conducted a search under section 132 of the Income Tax Act, 1961 at company’s registered & corporate office, few of its manufacturing locations and other premises and residence of few of its employees/key managerial personnel. During the search proceedings, the company has provided necessary information and responses to the department. Also, the department has taken certain documents, data backups and other information for further investigation. The business and operations of the company is continued without any disruptions and no demands have been raised on the company as of date. Having regard to the matter as stated above, the management is of the view that no material adjustments are required to these financial results in this regard. 7. Figures of the previous period/year have been re-grouped / re-classified, wherever necessary make them comparable with the current period figures. 8. The consolidated financial results of the company are also available on the Company's website (www.shardamotor.com) and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com). Other Expenses 373246000.00 Items that will not be reclassified to profit or loss 2869000.00 2869000.00 722000.00 0.00