RANEHOLDIN2023-07-012023-09-30 RANEHOLDIN2023-07-012023-09-30 RANEHOLDIN2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member RANEHOLDIN2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member RANEHOLDIN2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member RANEHOLDIN2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member RANEHOLDIN2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member RANEHOLDIN2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member RANEHOLDIN2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505800 RANEHOLDIN NOTLISTED Rane Holdings Limited Equity 2023-04-01 2024-03-31 2023-11-09 2023-09-29 INR Lakhs Half yearly 11:20:00 12:01:00 2023-11-09 2023-11-09 true Cash Flow Indirect Not applicable Single segment The Company holds strategic investments in subsidiaries and joint ventures (collectively called the Group), engaged primarily in manufacturing / marketing of components and providing technological services for the transportation industry, mainly the automotive sector and also provides management information technology and business development services to the Group 2023-07-01 2023-09-30 Unaudited Standalone 689400000.00 3400000.00 692800000.00 0.00 0.00 0.00 66200000.00 11900000.00 12200000.00 71200000.00 161500000.00 531300000.00 0.00 531300000.00 78700000.00 -1300000.00 77400000.00 0.00 453900000.00 0.00 0.00 0.00 0.00 453900000.00 13800000.00 467700000.00 467700000.00 0.00 142778000.00 10 31.79 31.79 0.00 0.00 31.79 31.79 8 Share of P/L of JV / AE disclosed in the unaudited consol FR includes the share of exceptional item, recorded by RNSS warranty provision Rs. 3,626 Lak for the yr ended Mar 31, 23. In the qtr and half yr ended Sep 30, 23 exceptional inc. of Rs. 148 L in relation to sale of scrapped parts. claims were incurred by RNSS towards incremental warranty claims with respect to certain specific lots of products sold to one of its customers. RNSS has determined the amt based on technical estimates and is currently in discussions with various parties to determine and conclude on certain aspects that may impact the quantum of the final warranty liability to be borne by RNSS. Based on its assessment and pending final outcome of such discussions and negotiations, RNSS believes warranty obligations as at Sep 30, 23, is adequate. 9 Exp items: a. In respect of, Rt4u the Co. assessed the carrying value of its investments and considered the fair value changes thereto resulting in a reduction in the carrying value aggregating to Rs. 296 Lak for the qtr ended June 30, 23 & half yr ended Sep 30, 23; and Rs. 292 Lak for the yr ended Mar 31, 23 being shown as an exceptional charge in the standalone FR. The Co. has sold its entire Inv. in Rt4U for a consideration of Rs. 850 Lak in exchange for allot of 862,505 eq shares in eTrans rep 11.94% stake in eTrans and Rt4U ceased to be a Sub of the Co. effective Jul 19, 23. The Grp recorded an exceptional inc. of Rs. 338 Lak for the qtr and half yr ended Sep 30, 2023 on account of sale of Rt4U in the consol FR. b. REVL incurred VRS exp of Rs. 9 Lak for the qtr & half yr ended Sep 30, 23 and Rs. 48 Lak for the yr ended Mar 31, 23. REVL has incurred a provision for customer quality claims for Rs. 113 Lak for the qtr ended June 30, 2023 & half yr ended Sep 30, 23, Rs. 115 Lak for the qtr ended Sep 30, 22, Rs. 220 Lak for the half yr ended Sep 30, 22 and Rs. 619 Lak for the yr ended Mar 31, 23 towards estimated product liability costs, in respect of certain valves supplied to an overseas customer pending finalisation. REVL has initiated insurance claim in respect of the same, which is under process. The management is of the opinion that the provision carried as at Sep 30, 23 is adequate to cover the estimated net liability. c.As at Mar 31, 23, the Grp has assessed the recoverable amt of the net assets of LMCA the step-down subsidiary in the U.S , which represents a single CGU. Based on such assessment, the Grp has recorded an impairment charge of Rs. 904 Lak as an exceptional item in the consol FR during the yr ended Mar 31, 2023. approval of the BoD and Shareholders of RML, RMIH has sold its entire stake in LMCA on Sep 14, 23 for a consideration of USD 4.9 Mn. Accordingly, for the qtr and half yr ended Sep 30, 23, the Grp has recorded loss on sale of the aforesaid RML's step down subsidiary aggregating to Rs. 8,546 Lak in the consol FR as an exceptional item. Consequent to the sale of LMCA, RMIH, has carried out a reduction of capital in the NCRPS issued to the RML. RML has determined that it is eligible to claim the tax benefit arising from such losses and has accordingly recorded a deferred tax asset of Rs. 11,334 Lak in the qtr and half yr ended Sep 30, 23. RML has also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this deferred tax asset. RML provision for warranty related costs and VRS exp of Rs. 1,875 Lak for the qtr ended June 30, 23 & half yr ended Sep 30, 2023, and VRS exp of Rs. 261 Lak for the yr ended Mar 31, 23. 10 The Grp has consol the financial performance of Rt4U till July 19, 23 and the assets / liabilities of Rt4U were de-recognised in the consol balance sheet on July 19, 23. 11 The Grp has consol the financial performance of LMCA till Sep 14, 23 and the assets / liabilities of LMCA were de-recognised in the consol balance sheet on Sep 14, 23. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 944800000.00 5200000.00 950000000.00 0.00 0.00 0.00 137800000.00 24800000.00 24300000.00 127100000.00 314000000.00 636000000.00 -29600000.00 606400000.00 94200000.00 -1500000.00 92700000.00 0.00 513700000.00 0.00 0.00 0.00 0.00 513700000.00 8900000.00 522600000.00 522600000.00 0.00 142778000.00 10 35.98 35.98 0.00 0.00 35.98 35.98 Information systems expenses 20200000.00 Other expenses 30600000.00 Professional charges 20400000.00 Information systems expenses 39800000.00 Other expenses 55300000.00 Professional charges 32000000.00 620000000.00 1300000.00 0.00 0.00 40800000.00 0.00 0.00 0.00 4813300000.00 0.00 0.00 6300000.00 4819600000.00 0.00 44100000.00 5525800000.00 0.00 190700000.00 93100000.00 63000000.00 3700000.00 300000.00 5200000.00 356000000.00 0.00 36600000.00 392600000.00 395300000.00 0.00 6313700000.00 142800000.00 5500700000.00 5643500000.00 5643500000.00 352500000.00 0.00 11300000.00 363800000.00 33000000.00 36500000.00 0.00 0.00 433300000.00 112500000.00 18100000.00 49200000.00 179800000.00 51100000.00 6000000.00 0.00 0.00 236900000.00 0.00 0.00 670200000.00 6313700000.00 24800000.00 0.00 11800000.00 0.00 8600000.00 0.00 0.00 0.00 0.00 -14000000.00 0.00 23400000.00 0.00 24300000.00 0.00 6900000.00 0.00 0.00 0.00 -4400000.00 0.00 0.00 0.00 -100000.00 0.00 0.00 29300000.00 0.00 0.00 110600000.00 717000000.00 0.00 0.00 0.00 86400000.00 0.00 630600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 800000.00 39700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -164900000.00 0.00 -227800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91600000.00 0.00 6700000.00 242700000.00 24200000.00 0.00 0.00 -365200000.00 37600000.00 0.00 37600000.00 25400000.00 63000000.00 18300000.00 11900000.00 4500000.00 3000000.00 0.00 0.00