BUTTERFLY2023-07-012023-09-30 BUTTERFLY2023-07-012023-09-30 BUTTERFLY2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member BUTTERFLY2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member BUTTERFLY2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 517421 BUTTERFLY NOTLISTED Butterfly Gandhimathi Appliances Limited Equity 2023-04-01 2024-03-31 2023-10-19 2023-10-07 INR Lakhs Half yearly 14:15:00 17:20:00 2023-10-19 2023-10-19 true Cash Flow Indirect Not applicable Single segment DOMESTIC APPLIANCES 2023-07-01 2023-09-30 Unaudited Standalone 3079738000.00 12851000.00 3092589000.00 1596628000.00 568517000.00 -223513000.00 337416000.00 17872000.00 51349000.00 549582000.00 2897851000.00 194738000.00 0.00 194738000.00 56300000.00 -7429000.00 48871000.00 0.00 145867000.00 0.00 0.00 0.00 0.00 145867000.00 -2024000.00 143843000.00 0.00 0.00 178796000.00 10 8.16 8.16 0.00 0.00 8.16 8.16 1 The above financial results, reviewed and recommended by the Audit Committee, were approved by the Board of Directors at its meeting held on 19.10.2023 at Chennai. The review of financial results has been carried out by the Statutory Auditors of the Company and they have issued an unmodified report thereon. 2 Financial results for all the periods presented have been prepared in accordance with recognition and measurement principles of Ind AS notified under the Companies Indian Accounting Standards Rules 2015 as amended from time to time and other generally accepted accounting practices and principles. 3 The operations of the Company are in to one segment viz. Domestic Appliances, as identified by the Chief Operating Decision Maker. Therefore there is one reportable segment in accordance with Ind AS 108 Operating Segments. 4 The Company has elected to exercise the option permitted under section 115BAA of the Income Tax Act, 1961 from the financial year 2023-24. Accordingly, the Company has recognised Provision for Income Tax and remeasured its deferred tax assets / liabilities based on the rates prescribed in the aforesaid section and recognised the effect of change in the results. The rate of income tax is changed from 34.944% to 25.168% w.e.f June 30, 2023. 5 The Board of Directors at their meeting held on 25th March, 2023 considered and approved the Scheme of Amalgamation of the Company (Transferor Company) with Crompton Greaves Consumer Electricals Limited (Transferee Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder (Scheme). The Scheme is subject to the approval of shareholders and the other stakeholders of both the Companies and the Hon'ble National Company Law Tribunal (NCLT), Mumbai & Chennai Benches, requisite approvals of BSE & NSE and statutory/ regulatory authorities. The Company has received Observation Letters from BSE & NSE on July 21, 2023 & July 24, 2023 respectively following which the Company had filed the draft scheme of merger with the NCLT, Chennai Bench on August 20, 2023. The NCLT, Chennai Bench vide its order dated September 12, 2023 has directed the Company to convene separate meetings of the equity shareholders, secured creditors and unsecured creditors of the Company on October 28, 2023, for the purpose of considering, and if thought fit, approving the Scheme of Amalgamation of Butterfly Gandhimathi Appliances Limited (Transferor Company) with Crompton Greaves Consumer Electricals Limited (Transferee Company) and their respective Shareholders and Creditors (Scheme) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Act). The Notices of NCLT convened meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors scheduled to be held on Saturday, October 28, 2023 have been dispatched on September 25, 2023. 6 Figures for the comparative periods have been regrouped wherever necessary in conformity with current period classification. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 5269554000.00 23976000.00 5293530000.00 2815063000.00 846828000.00 -449079000.00 643814000.00 31254000.00 89358000.00 964950000.00 4942188000.00 351342000.00 0.00 351342000.00 98100000.00 -39928000.00 58172000.00 0.00 293170000.00 0.00 0.00 0.00 0.00 293170000.00 -4001000.00 289169000.00 0.00 0.00 178796000.00 10 16.40 16.40 0.00 0.00 16.40 16.40 Other Expenses 549582000.00 Other Expenses 964950000.00 1386171000.00 28608000.00 0.00 0.00 262526000.00 6476000.00 0.00 0.00 0.00 0.00 0.00 26137000.00 26137000.00 0.00 22388000.00 1732306000.00 1778068000.00 110349000.00 1811945000.00 669707000.00 49477000.00 0.00 2736000.00 2644214000.00 0.00 262794000.00 4685076000.00 0.00 0.00 6417382000.00 178796000.00 2966803000.00 3145599000.00 3145599000.00 0.00 0.00 32304000.00 32304000.00 0.00 71790000.00 0.00 0.00 104094000.00 0.00 2049777000.00 874765000.00 2924542000.00 145972000.00 73545000.00 23630000.00 0.00 3167689000.00 0.00 0.00 3271783000.00 6417382000.00 31254000.00 -527125000.00 -571681000.00 0.00 -67962000.00 1443000.00 2107000.00 -10445000.00 0.00 799968000.00 0.00 40489000.00 0.00 89358000.00 0.00 -2236000.00 0.00 272613000.00 0.00 0.00 0.00 14775000.00 0.00 0.00 0.00 0.00 -1554000.00 -4390000.00 0.00 37064000.00 388406000.00 0.00 0.00 0.00 93624000.00 0.00 294782000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5338000.00 85359000.00 254548000.00 110000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20879000.00 0.00 0.00 0.00 85406000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6118000.00 0.00 31254000.00 0.00 0.00 -37372000.00 342816000.00 7000.00 342823000.00 326884000.00 669707000.00 -2705000.00 -5347000.00 -681000.00 -1346000.00 0.00 0.00