SCML2023-07-012023-09-30 SCML2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member SCML2023-09-30 SCML2023-07-012023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 123456 SCML NOTLISTED INE460Q01014 Sharp Chucks and Machines Limited Nonbanking Format SME/ITP 2023-04-01 2024-03-31 2023-12-18 2023-12-09 INR Lakhs Half yearly Single segment MANUFACTURING OF CASTING AND FORGING PRODUCTS 15:00:00 16:00:00 2023-12-18 2023-12-18 true Cash Flow Indirect Not applicable 2023-04-01 2023-09-30 Unaudited Standalone 965339000.00 387000.00 965726000.00 863205000.00 0.00 -136913000.00 71881000.00 47017000.00 31785000.00 54623000.00 931598000.00 34128000.00 0.00 34128000.00 0.00 34128000.00 8000000.00 2012000.00 10012000.00 24116000.00 0.00 0.00 0.00 24116000.00 24116000.00 97843000.00 10 2.46 2.46 0.00 0.00 0.00 Other Expenses 54623000.00 97843000.00 447429000.00 0.00 545272000.00 0.00 0.00 348711000.00 62967000.00 27792000.00 10290000.00 449760000.00 557541000.00 23919000.00 362198000.00 58075000.00 10078000.00 1011811000.00 2006843000.00 779916000.00 0.00 80000.00 0.00 773000.00 0.00 780769000.00 0.00 0.00 0.00 463000.00 32838000.00 814070000.00 0.00 789154000.00 357140000.00 5778000.00 0.00 40701000.00 0.00 1192773000.00 2006843000.00 Notes on Unaudited Financial Results: 1. The unaudited financial results of Sharp Chucks and Machines Limited ( the company') for the half year ended September 30, 2023 have been prepared in accordance with the recognition & measurement principles laid down in the Accounting Standard 25 'Interim Financial Reporting (AS 25), prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules issued thereunder and other accounting principles generally accepted in India. These unaudited financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of directors 2. The Code on Social Security, 2020 (Code') relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code nas been published in the Gazette of India. Further, the Ministry of Labour and Employment has released draft rules for the Code on November 13, 2020. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective 3 The Company has only one business segment which is manufacture and sale of customized Casting, Machine Tools and Forging items. 4. The Company is in the process to upgrade its current methodology to have track over the stage wise inventory forming part of the work-in-progress. Valuation of inventories has been carried out by the Company and has been relied thereupon by the auditors 5. The Company carries physical verification of fixed assets on a yearly basis. The Company is in the process to upgrade its current methodology to reconcile physically verified assets with the fixed assets registers maintained and the Management is taking necessary steps to update its records and reconcile it 5. During the half year ended September 30, 2023, the Company had delayed in making payment against outstanding of suppliers of goods and services and accordingly corresponding Input tax credit availed by the Company is subject to reversal. This has resulted in the interest liability amounting to Rs. 54.34 Lakhs (including interest of Rs. 48 66 Lakhs which pertains to FY 2019-20 to FY 2022-23). The same shall be accounted in books on cash basis 7. Balances under Sundry Debtors, Loans and Advances and Creditors are subject to confirmation. The impact of reconciliation if any, will be given in the year of reconciliation 8 Figures for the previous periods/year have been regrouped, whenever necessary (i)Cash and cash equivalents at end of the period doesnot includes other bank balances 47017000.00 31785000.00 0.00 131000.00 0.00 0.00 -104000.00 0.00 0.00 0.00 78829000.00 -142684000.00 -66265000.00 -693000.00 156018000.00 3957000.00 -7813000.00 -57480000.00 21349000.00 55477000.00 0.00 0.00 0.00 3000000.00 0.00 52477000.00 0.00 0.00 52477000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 104000.00 0.00 -2443000.00 0.00 -46339000.00 0.00 0.00 -46339000.00 0.00 0.00 0.00 34464000.00 0.00 0.00 47017000.00 0.00 -3840000.00 -16393000.00 0.00 0.00 -16393000.00 -10255000.00 0.00 -10255000.00 10772000.00 517000.00