Salzer Electronics Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2023

Notes forming part of above STANDALONE results

i) The above Audited financial results were duly reviewed by the Audit Committee at its meeting held on May 24, 2023, and were taken on record and approved by the Board of Directors at their meeting held on May 24, 2023.
ii) The Company operates in only one segment viz., Electrical installation products.
iii) The Board recommended Dividend at the rate of 22% i.e Rs.2.20 per equity share of Rs.10/- each for the financial year 2022-23 and the Dividend, if approved by the shareholders, shall be payable to all eligible members whose names appearing in the Register of Members on the record date
iv) During the year, the Company allotted 17,00,000 Convertible Share warrants on preferential basis on December 13,2022 in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulation 2015 at an issue price of Rs.278.50 per share to the Bodies Corporate of the Promoters. The allotted warrants are convertible into equity within 18 months from the date of issue.
v) During the fourth quarter under review, 2,00,000 equity shares were allotted upon conversion of warrants exercised by warrant subscribers and thereby the paid up share capital of the Company increased from Rs.15,98,27,370 comprising 1,59,82,737 equity shares of Rs.10/- each to 16,18,27,370 comprising of 1,61,82,737 equity shares of Rs.10/- each.
vi) During the year the Company made following investments,
a) Acquired 1,57,500 equity shares of Rs. 10/- each for total value of Rs.15.75 Lakhs in Salzer EV Infra Private Limited (wholly owned subsidiary of the Company).
b) Acquired 2,40,000 equity shares of Rs.10/- for a total value of Rs.24.00 Lakhs in Salzer Kostad EV Charges Private Limited (Associate Company).
vii) During the year, the Company sold 1% of its holdings in its Subsidiary Company Kaycee Industries Limited.
viii) Basic Earnings per share and Diluted Earnings per Share have been prepared in accordance with IND AS 33 and presented on the expanded capital prevailing on the relevant date.
ix) The Figures for the quarter ended March 31, 2023 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures upto the third quarter of the Financial year;
x) Comparative figures have been regrouped / reclassified wherever necessary to confirm to current period's presentation.

For SALZER ELECTRONICS LIMITED



Coimbatore - 641 047. D RAJESHKUMAR
May 24, 2023 JOINT MANAGING DIRECTOR
CHIEF FINANCIAL OFFICER
(DIN:00003126)