SANGHIIND2023-04-012023-06-30 SANGHIIND2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SANGHIIND2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member SANGHIIND2023-04-012023-06-30in-bse-fin:OneOperatingExpenses03Member SANGHIIND2023-06-30 SANGHIIND2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SANGHIIND2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 526521 SANGHIIND NOTLISTED Sanghi Industries Limited Equity 2023-04-01 2024-03-31 2023-08-14 2023-08-07 INR Crores First quarter 12:30:00 14:30:00 2023-08-14 2023-08-14 Not applicable Single segment Cement and its allied products 2023-04-01 2023-06-30 Unaudited Standalone 1666900000.00 35100000.00 1702000000.00 143600000.00 2200000.00 569800000.00 150700000.00 731200000.00 235800000.00 1763000000.00 3596300000.00 -1894300000.00 0.00 -1894300000.00 0.00 0.00 0.00 0.00 -1894300000.00 0.00 0.00 0.00 0.00 -1894300000.00 1500000.00 -1892800000.00 0.00 0.00 2583300000.00 10 -7.33 -7.33 0.00 0.00 -7.33 -7.33 0.01 -0.01 -0.01 Notes to the financial results : 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 14th 2023. 2. The Statutory auditors of the company have carried out the limited review of the financial results for the quarter ended June 30, 2023 as required under Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 3. Board of Directors in its meeting held on August 3, 2023 has approved the execution of Share Purchase Agreement (SPA) dated August 3, 2023 amongst (a) The Company (b) Certain members of the Promoters Group and c) Ambuja Cements Limited (Acquirer). Pursuant to above, Acquirer proposes to acquire 56.74 % of the equity shares of the Company for the cash consideration of Rs. 114.22 per share subject to terms and conditions as specified in SPA. Further, in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011 as amended, the acquirer has made public announcement (PA) and Detail Public Statement (DPS) for open offer to acquire 67164670 equity shares of the Company from the Public Shareholders at price of Rs 114.22 per share. The same are available on Company’s website. 4. Board of Directors in its meeting held on August 3, 2023 has approved the proposal to borrow funds for General Corporate Purposes of Rs 300 crores by way of Unsecured Intercorporate Deposits from Ambuja Cements Limited for which agreement is executed on August 3, 2023. 5. The 3,050 Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (“NCD”) of face value of Rs. 10,00,000/- each are outstanding for Rs 277.55 crore as on June 30, 2023 are secured by way of first and second ranking pari passu charge on the Company’s certain movable and immovable assets. The asset cover as on June 30, 2023 exceeds hundred percent of the principal amount of the said listed non-convertible debentures. Further Company has complied with the all convents, in respect of above said listed Non-Convertible Debentures. 6. Considering the matter of prudence, deferred tax asset is not created on the loss for the quarter ended June 30, 2023. 7. The company's business operations comprise of a single operating segment viz. Cement & its allied products. 8. The figures of the quarter ended March 31, 2023 are the balancing figure between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the relevant financial year. 9. Additional Disclosures as per Clause 52 (4) of Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended is attached to the results submitted to Stock Exchanges. 10. Previous year / periods figures have been regrouped/reclassiifIed wherever necessary. Other Expenses 505300000.00 Power and Fuel 789000000.00 Selling Expenses 468700000.00 Items that will not be reclassified to Profit or loss 1500000.00 1500000.00 0.00 Items that will be reclassified to Profit or loss 0.00 0.00 0.00