5327252025-04-012025-06-305327252025-04-012025-06-30in-capmkt:OtherExpenses1Member5327252025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15327252025-04-012025-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares532725SOLARINDSNOTLISTEDINE343H01029Solar Industries India LimitedMain BoardEquity2025-04-012026-03-312025-08-072025-07-31INRCroresQuarterlyFirst quarterSingle segmentManufacturing of Explosives and Initiating Systems2025-08-0713:30:002025-08-0714:15:00Not applicable2025-04-012025-06-30UnauditedConsolidated215445000002926000002183710000099468000001224800000-2276000001837900000274300000559800000341410000017030100000480700000060000048076000001213200000682000001281400000035262000000000352620000058720000041134000003387000000139200000415000000172200000181000000237.4337.430037.4337.430.00180.05620.1882 The Unaudited Consolidated Financial Results for the quarter ended June 30 2025 of SOLAR INDUSTRIES INDIA LIMITED the Group have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on August 07 2025 The Statutory Auditors of the Group have carried out a limited review of the aforesaid results <BR> <BR> These results have been prepared in accordance with the Indian Accounting Standard referred to as Ind AS prescribed under Section 133 of the Companies Act 2013 read with Companies Indian Accounting Standards Rules 2015 as amended from time to time The Group has identified Explosives its accessories and related services as its only reportable segment as defined under Ind AS 108 Operating Segment Accordingly no separate segment information has been provided <BR> <BR> During the quarter ended June 30 2025 the Ultimate Holding Company had partially redeemed 50 Fifty unsecured rated listed senior redeemable non convertible debentures NCDs having face value of Rs 1000000 Ten lakhs each amounting to Rs 5 crores Five crores and made an Interest Payment amounting to Rs 0.32 crores Thirty Two lakhs at a coupon rate of 8.20% per annum <BR> During the quarter ended June 30 2025 the Ultimate Holding Company had partially redeemed 292 Two Hundred and Ninty Two unsecured rated listed senior redeemable non convertible debentures NCDs having face value of 100000 One lakh each amounting to Rs 2.92 crores Two crores and Ninty Two lakhs and made an Interest Payment amounting to Rs 0.47 crores Forty Seven lakhs at a coupon rate of 8.06% per annum <BR> <BR> The Group has applied Ind AS 29 Accounting of Hyperinflationary economies on its step-down subsidiaries in Turkey In preparing the consolidated financial results for the quarter ended on June 30 2025 the non monetary assets liabilities owners equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the current measuring unit as on the reporting date by applying consumer price index of the respective economies <BR> The net impact of restatement in respect of the aforesaid subsidiaries under Ind AS 29 of Rs 17.89 crores has been debited to other expenses in the consolidated financial results for the quarter ended June 30 2025 and impact till March 31 2025 of Rs 9.37 crores has been credited in the opening retained earnings as at April 01 2025 <BR> Solar Industries India Limited through Solar Mining Services Pty Limited South Africa a step down subsidiary of the Company acquired controlling stake in Problast Group South Africa effective from July 1 2024 acquisition date for a consideration of Rs 250.51 crores <BR> Further during the quarter ended June 30 2025 the management has concluded final determination of fair values of identified assets acquired and liabilities assumed of Problast Group for the purpose of purchase price allocation as at the acquisition date as per the requirements of Ind AS 103 and figures for the previous periods have been restated accordingly The Group has finalised the Goodwill on acquisition at Rs 117.27 crores <BR> The figures of the last quarter ended March 31 2025 are the balancing figures between the audited figures in respect of the full financial year ended March 31 2025 and the published year to date figures up to the third quarter of the respective financial year <BR> As per Regulation 46 2 of the SEBI Listing Obligations & Disclosure Requirements Regulations 2015 Results are available on Companys website www.solargroup.comOther Expenses3414100000Amount of items that will not be reclassified to profit and loss000Items that will be reclassified to Profit or Loss5872000005872000000587200000