Sarda Energy & Minerals Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024

NOTES:-

1. The above results have been reviewed by the Audit committee and approved by the Board of Directors of the company in its meeting held on 8th February 2025.
2.On August 21, 2024, the Company acquired SKS Power Generation (Chhattisgarh) Limited (‘SKS’) under Corporate Insolvency and Resolution Process (‘CIRP’) of the Insolvency and Bankruptcy Code, 2016 (‘IBC’). Approval of our Resolution Plan is challanged by unsuccessful applicants in the hon'ble Supreme Court, following rejection of their appeal in the NCLAT.
As per Ind AS 103, the transaction has been accounted for on a provisional basis, pending final determination of the fair value of the acquired assets and liabilities. However, the management does not envisage any significant impact on the profit & loss for the period ended 31st December 2024. Results of current and previous quarter of current year includes the numbers of SKS from August 22, 2024, hence, not comparable with previous
periods.
3.The other income includes interest, share of profit / (loss) in LLP, dividend from joint venture/ subsidiary company & effect of change in fair value of market investments.
4.The figures for the corresponding previous periods have been regrouped, wherever necessary, to make them comparable.
5.The above results are also available on the Company's website - www.seml.co.in and also on the website of BSE and NSE.