S&SPOWER2024-01-012024-03-31 S&SPOWER2024-01-012024-03-31 S&SPOWER2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member S&SPOWER2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member S&SPOWER2024-03-31 S&SPOWER2024-03-31 S&SPOWER2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member S&SPOWER2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 517273 S&SPOWER NOTLISTED S&S Power Switchgears Limited Equity 2023-04-01 2024-03-31 2024-05-29 2024-05-22 INR Lakhs Yearly 2024-05-29 13:30:00 2024-05-29 19:30:00 true Cash Flow Indirect Declaration of unmodified opinion Single segment Manufacture of electrical equipments for transmission and distribution of power 2024-01-01 2024-03-31 Audited Standalone 4707000.00 200000.00 4907000.00 7000.00 0.00 0.00 3323000.00 4490000.00 956000.00 2713000.00 11489000.00 -6582000.00 0.00 -6582000.00 0.00 -682000.00 -682000.00 0.00 -5900000.00 0.00 0.00 0.00 0.00 -5900000.00 1129000.00 -4771000.00 0.00 0.00 62000000.00 10 -0.95 -0.95 0.00 0.00 -0.95 -0.95 The above audited standalone financial results have been reviewed by the Audit committee on 29th May 2024 and approved by the Board of Directors of the company at their meeting held on 29th May 2024 This statement has been prepared in accordance with the companies (Indian Accounting standard) Rules 2015, (IND AS) prescribed under section 133 of the companies Act ,2013. The Company operates in Single segment namely Manufacture of electrical equipment for transmission and distribution of power. The previous quarter's/year's figures have been regrouped/rearranged wherever necessary to make it comparable with Current quarter/year. The Accounts have been prepared on a 'Going Concern' basis and on the support of the Promoters. The Board of Directors of the company at a meeting on the 25th of January 2024 passed the resolution for the restructuring of the company. As a result of this restructuring the paid-up equity capital of the company will go up by Rs.6.15 crores to Rs 12.35 crores and the net worth will go up by Rs.91 crores. We have also received the share holders approval at the EGM convened on 21st Feb 2024 and the approval from BSE and NSE on 16th May 2024.The Board meeting of 29th of May 2024 has now approved the allotment of shares. Besides reducing the company debt by Rs 36 cr and the interest liability by approx 4 cr pa, it will also integrate the operations of Hamilton Research & Technology into the company. HART had a revenue of Rs 24 cr and a EBITDA of 8 cr for the year ended March 24. The promoter holding will go up to 75%. Figures for the quarter ended 31st march 2024 and the corresponding quarter ended in the previous year as reported in these standalone financial results are the balancing figures in respect of full financial year and the published year to date figures up to the end of third quarter of the relevent financial year. Also the figures upto the end of third quarter had only been reviewed and not subject to audit. For the FY ended March ’23, there was an exceptional profit item of Rs.10.05 Cr. Single segment 2023-04-01 2024-03-31 Audited Standalone 15691000.00 362000.00 16053000.00 385000.00 0.00 195000.00 11604000.00 17909000.00 3927000.00 8374000.00 42394000.00 -26341000.00 0.00 -26341000.00 0.00 -803000.00 -803000.00 0.00 -25538000.00 0.00 0.00 0.00 0.00 -25538000.00 1446000.00 -24092000.00 0.00 0.00 62000000.00 10 119756000.00 -4.12 -4.12 0.00 0.00 -4.12 -4.12 Other Expenses 2713000.00 Other Expenses 8374000.00 168000.00 0.00 168000.00 5903000.00 5355000.00 0.00 2948000.00 0.00 1820000.00 16026000.00 400061000.00 62000000.00 119756000.00 181756000.00 0.00 0.00 400061000.00 Remeasurement of Defined Benefit Plans 1526000.00 Remeasurement of Defined Benefit Plans 1954000.00 1526000.00 1954000.00 397000.00 508000.00 0.00 0.00 1129000.00 1446000.00 17909000.00 495000.00 1807000.00 0.00 -1163000.00 0.00 0.00 0.00 0.00 3054000.00 0.00 -1437000.00 0.00 3927000.00 0.00 -1745000.00 0.00 0.00 0.00 0.00 0.00 325000.00 0.00 0.00 0.00 0.00 0.00 1953000.00 0.00 24475000.00 -1866000.00 0.00 0.00 0.00 -4029000.00 0.00 2163000.00 0.00 0.00 0.00 142566000.00 0.00 0.00 0.00 0.00 0.00 -85000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -325000.00 0.00 -14000.00 0.00 -142620000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18438000.00 142566000.00 2700000.00 0.00 0.00 17909000.00 0.00 0.00 -144737000.00 -285194000.00 0.00 -285194000.00 121000.00 -285073000.00