UDS2023-07-012023-09-30 UDS2023-07-012023-09-30 UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses04Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses05Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses06Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses07Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses08Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses09Member UDS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses10Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses04Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses05Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses06Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses07Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses08Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses09Member UDS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses10Member UDS2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543996 UDS NOTLISTED Updater Services Limited Equity 2023-04-01 2024-03-31 2023-11-07 2023-10-31 INR Millions Half yearly 15:00:00 17:45:00 2023-11-07 2023-11-07 true Cash Flow Indirect Not applicable Single segment IFMS 2023-07-01 2023-09-30 Unaudited Standalone 3581560000.00 19950000.00 3601510000.00 0.00 0.00 0.00 2969320000.00 51690000.00 44930000.00 436140000.00 3502080000.00 99430000.00 0.00 99430000.00 42330000.00 -22400000.00 19930000.00 0.00 79500000.00 0.00 0.00 0.00 0.00 79500000.00 8180000.00 87680000.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 Notes to Unaudited Standalone Financial Results for the Quarter Ended and Half Year Ended 30 September 2023 1) In terms of Regulalion 33 of the SEBI (Listing Obligalions and Disclosure Requirements) Regulalions, 2015, this Statement of Unaudited Standalone Financial Results for the quarter ended and half year ended September 30, 2023 ( Unaudited Standalone Financial Results ) of TVS Supply Chain Solutions Limited (the Company ) has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 06, 2023 and have been subject to a limited review by the statutory auditor of the Company. 2) The figures for the quarter and half year ended September 30, 2022 has neither been reviewed nor audited by the Statutory auditor of the Company. However, the management has taken necessary care and diligence to ensure that the financial results are fairly stated. 3) The figures for the year ended March 31, 2023 has been extracted from the general purpose financial statements which was audited by the Statutory auditor of the Company. 4) The Unaudited Standalone Financial Results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 5) The Company has completed an Initial Public Offer ( IPO ) of 44,670,050 Equity Shares at the face value of Re 1/- each at an issue price of Re. 197/- per Equity Share, comprising of offer for sale of 14,213,198 shares by Selling Shareholders and fresh issue of 30,456,852 shares. The Equity Shares of the Company are listed on BSE Limited ( BSE ) and National Stock Exchange of India limited ( NSE ) on August 23, 2023. 6) Details of the exceptional items are as follows: a) During the quarter and half year ended September 30, 2023, the Company disposed off 832,933 shares in its equity accounted investee, TVS Industrial & Logistics Park Private Limited (TVSILP) for a consideration of Rs. 51.3 Crores. Gain from the disposal amounting to Rs. 49.21 Crores has been disclosed as an exceptional item in these financial results. b) Compulsorily Convertible Preference Shares (CCPS) aggregating Rs. 556.16 Crores were converted into equity shares on July 27, 2023 at a price of Rs.167.55 per Equity Share. During the quarter ended June 30, 2023 and half year ended September 30, 2023, fair value changes on conversion of these instruments aggregating Rs. 23.17 Crores has been expensed off and disclosed as an exceptional item in these financial results. The fair value changes are non-cash and does not entail any cash outflow. c) During the year ended March 31, 2023, the Company expensed certain expenses incurred in connection with initial public offering amounting to Rs.10.00 Crores which are not in the nature of share issue expenses and accordingly disclosed these as exceptional items. 7) The Company's operations predominantly relate to Integrated Supply Chain Solutions ( ISCS ). As the Company's business activity falls within a single business segment and the revenues substantially being in the domestic market, there are no separate reportable segment under Ind AS 108 Operating Segments . 8) The previous period/ year comparatives have been regrouped/ rearranged wherever necessary to conform to the current period's presentation. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 7099430000.00 27790000.00 7127220000.00 0.00 0.00 0.00 5975890000.00 97430000.00 87590000.00 810700000.00 6971610000.00 155610000.00 0.00 155610000.00 69470000.00 -47010000.00 22460000.00 0.00 133150000.00 0.00 0.00 0.00 0.00 133150000.00 13410000.00 146560000.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 CSR Expenditure 3340000.00 Cleaning materials/canteen materials/site maintenance exp/Training expenses/ Repair and Maintenance/communication exp 280890000.00 Director sitting fees 3400000.00 Impairment Losses/ Fair value changes 108400000.00 Legal and professional fees 9930000.00 Miscellaneous expenses/IPO EXP 9830000.00 Payment to auditor 1100000.00 RENT 3570000.00 Rates and Tax/Printing and Stationery/Power fuel 4850000.00 Travelling and conveyance 10830000.00 CSR Expenditure 3390000.00 Cleaning materials/canteen materials/site maintenance exp/Training expenses/ Repair and Maintenance/communication exp 552760000.00 Director sitting fees 3900000.00 Impairment Losses/ Fair value changes 168650000.00 Legal and professional fees 17100000.00 Miscellaneous expenses/IPO EXP 10510000.00 Payment to auditor 2500000.00 RENT 14850000.00 Rates and Tax/Printing and Stationery/Power fuel 11760000.00 Travelling and conveyance 25280000.00 360030000.00 4230000.00 0.00 0.00 60000.00 0.00 0.00 0.00 3611960000.00 0.00 198800000.00 297990000.00 4108750000.00 393910000.00 446680000.00 5313660000.00 0.00 275890000.00 3689030000.00 27270000.00 6487540000.00 5340000.00 293510000.00 10778580000.00 0.00 0.00 10778580000.00 0.00 0.00 16092240000.00 667030000.00 6637520000.00 7304550000.00 7304550000.00 0.00 0.00 1123470000.00 1123470000.00 0.00 0.00 0.00 28190000.00 1151660000.00 2169270000.00 586290000.00 4162490000.00 6918050000.00 643370000.00 65470000.00 9140000.00 0.00 7636030000.00 0.00 0.00 8787690000.00 16092240000.00 97430000.00 0.00 -520930000.00 0.00 53810000.00 -6810000.00 0.00 -42140000.00 0.00 291250000.00 0.00 -20410000.00 0.00 87590000.00 66110000.00 0.00 0.00 0.00 0.00 0.00 103860000.00 16940000.00 39860000.00 -10850000.00 0.00 0.00 0.00 102540000.00 0.00 16650000.00 172260000.00 0.00 0.00 0.00 102030000.00 0.00 70230000.00 0.00 128230000.00 0.00 0.00 0.00 0.00 0.00 0.00 17000000.00 103340000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16750000.00 293400000.00 84610000.00 0.00 3929540000.00 0.00 0.00 53860000.00 -14050000.00 6690000.00 0.00 -4430770000.00 0.00 0.00 3818490000.00 0.00 0.00 0.00 24150000.00 0.00 5838070000.00 5570380000.00 0.00 10170000.00 0.00 89130000.00 0.00 0.00 4011030000.00 -349510000.00 0.00 -349510000.00 240640000.00 -108870000.00 8180000.00 13410000.00 0.00 0.00 0.00 0.00