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These unaudited financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standards, 'Interim Financial Reporting' ('Ind AS 34') prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules issued there under and other recognized accounting principles generally accepted in India and is in compliance with the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on October 26, 2026 and has been subjected to limited review by the Statutory Auditors of the company. <br /> <br /> 2. The Company's main business is manufacture of Gearboxes and Gear Products. There are no separate reportable segments as per Ind AS 108 - Operating Segments. <br /> <br /> 3. On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages 2019, the Industrial Relations Code 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft central rules and FAQs to enable assessment of financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these chenges on the basis of actuarial valuation obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact in the provision for Defined Benefit Obligation amounting to Rs. 4.78 Cr in the audited financial results for the year ended 31 March 2026 arises primarily due to a change in the wage definition and has been presented as "Statutory impact of new labour code” under "Exceptional Items". The Company continues to monitor the finalization of Central / State Rules and the clarification from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <br /> <br /> 4. The preparation of Consolidated Financial Results for the quarter and six months ended 30 September 2026 are not applicable since the Company does not have any Subsidiary / Associate / Joint Venture. <br /> <br /> 5. Previous period/year figures have been re-grouped wherever necessary. <br /> <br /> 6. The above financial results are also available on our website www.shanthigears.com <br /> <br /> 2026-04-012026-09-30UnauditedStandalone243480000072600000250740000013248000000-127100000405300000220000010540000045300000021636000003438000000343800000878000003000008810000002557000000000255700000-6200000249500000767000007.673.333.33003.333.33Other Expenses246600000Other Expenses4530000001166900000154400000726000000510000000010180000000108100000209900000720000006080000017417000001284400000556500000964000000270000006614000001100000311400000252140000009690000039027000000056444000007670000044198000004496500000449650000000000568000000230000050600000109700000018990000044970000063960000093500000733100000283200000219000000010382000000011479000005644400000Other financial assets108100000Income Tax Assets (net)52700000Other non-current assets8100000Other financial assets311400000Other current assets96900000Lease Liabilities50600000Other financial liabilities93500000Lease liabilities3400000Other current liabilities279800000INDIA1111300000AMERICA138500000EUROPE14100000OTHERS16000000INDIA2101200000AMERICA275100000EUROPE23400000OTHERS351000001279900000243480000012799000002434800000INDIA0AMERICA0EUROPE0OTHERS0INDIA0AMERICA0EUROPE0OTHERS000000000INDIA0AMERICA0EUROPE0OTHERS0000INDIA0AMERICA0EUROPE0OTHERS00002200000-20470000019860000001430000000175000000-8380000006390000001055000000-242000000126000000-30000000365000000000227000000085100000428900000000127500000030140000000000000140000017420000000000000000000000019800000021800000-13120000000000000003500000153000000000-156500000137000000137000001330000027000000Re-measurement gain/(loss) on defined benefit obligations (Net)-8300000-8300000Re-measurement gain/(loss) on defined benefit obligations (Net)-8300000-8300000-2100000-2100000-6200000-6200000Shanthi Gears Limited******Tube Investment of India Limited******Holding CompanySale of goods or services110000000Approved02026-01-22430000048000002000000Shanthi Gears Limited******Tube Investment of India Limited******Holding CompanyPurchase of goods or services90000000Approved02026-01-2228700000115000000Shanthi Gears Limited******CG Power And Industrial Solutions Limited******Fellow SubsidiarySale of goods or services130000000Approved02026-01-2217000009500000200000Shanthi Gears Limited******CG Power And Industrial Solutions Limited******Fellow SubsidiaryPurchase of goods or services60000000Approved02026-01-2219000001400000100000Shanthi Gears Limited******Wendt (India) Limited******AssociatePurchase of goods or services10000000Approved02026-01-223500000400000200000Shanthi Gears Limited******Parry Enterprises India Ltd******AssociatePurchase of goods or services20000000Approved02026-01-223100000700000500000Shanthi Gears Limited******Carborundum Universal Ltd.******AssociatePurchase of goods or services50000000Approved02026-01-22450000020000002000000Shanthi Gears Limited******Carborundum Universal Ltd.******AssociateSale of goods or services50000000Approved02026-01-22590000025000001200000Shanthi Gears Limited******Cholamandalam MS General Insurance Co.Ltd******AssociatePurchase of goods or services30000000Approved02026-01-22450000000Shanthi Gears Limited******Net Access India Limited******AssociatePurchase of goods or services15000000Approved02026-01-223200000300000061300000