Telephone Nos. : | Telefax : 044 - 26257121 | |||
Regd. Office | : | (044) 28522745 | Web | : www.wheelsindia.com |
Factory | : | (044) 26234300 | ||
(044) 26258511 |
WHEELS IND/A LIMITED | |||||
Corporate | Identity Number: L35921TN1960PLC004175 | Factory: | |||
Registered Office : | |||||
21, Patullos Road, Chennai - 600 002. | Padi, Chennai - 600 050. | ||||
To | To | May | 20, 2022 | ||
National Stock Exchange of India Limited, | BSE Limited, | ||||
The Manager, Listing Department, | The Corporate Relationship Department, | ||||
"Exchange Plaza", C-1, | Block G, | 1sFloor New Trading Wing, Rotunda Building, | |||
Bandra-KurlaComplex, | Bandra (E), | Phiroze Jeejeebhoy Towers, | Dalal Street, | ||
Mumbai -400051 | Mumbai -- 400 001 | ||||
Symbol: WHEELS | Scrip code: 590073 |
Dear Sir/Madam, | |||||
Subject: Outcome of the Board meeting and Disclosure in accordance with Regulation 30 of the | |||||
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR') | |||||
The Board of Directors of the Company at their meeting held on May 20,2022 (i.e. today) | has inter-alia, | ||||
noted and approved the following: | |||||
1. | Audited Financial Results: | ||||
Pursuant to Regulation 33 of SEBI LODR, please find enclosed herewith | the following: | ||||
i. | Audited Financial Results (Standalone and Consolidated) for | the financial | year | ended | |
March 31, 2022; | |||||
ii. | Statutory Auditor's Report (Standalone and Consolidated) by M/s. Brahmayya & Co., Chartered | ||||
Accounts; and | |||||
iii. | Declaration pursuant to SEBI Circular no. CIRICFD/CMD/56/20I6 dated May, 27, | 2016 | |||
regarding Audit Report with unmodified opinion | |||||
2. | Annual General Meeting and Book Closures: | ||||
The 63r Annual General Meeting (63AGM) will be held on July 13, 2022 (Wednesday) through | |||||
Video Conferencing/Other Audio-Visual Means. The Register of Members and Share Transfer | |||||
Books shall remain closed from Thursday, July 07, 2022 to Wednesday, July 13, 2022 (both days | |||||
inclusive) for the purpose of63AGM and the Dividend for the financial year 2021-22. |
PLEASE ADDRESS ALL COMMUNICATIONS TO THE FACTORY
SI. No.
1
Audited Consolidated Segment Wise Revenue, Results, Assets and Liabilities for the Quarter/Year ended March 31, 2022 | |||||
Quarter Ended | (Rs. in Crores) | ||||
Particulars | Year Ended | ||||
31.03.2022 | 31.12.2021 | 31.03.2021 | 31.03.2022 | 31.03.2021 | |
Audited | Un-audited | Audited | Audited | Audited | |
Segment Revenue |
2
(a) Automotive Components (b) Industrial Components Total Less: Inter Segment Revenue Revenue from Operation
Segment Results (Profit)(+)/Loss (-)before tax and interest from Each segment)
947.81 | 886.16 | 786.20 | 3,214.86 | 2,014.84 |
239.91 | 190.42 | 141.17 | 751.63 | 398.53 |
1,187.73 | 1,076.58 | 927.37 | 3,966.49 | 2,413.37 |
- | - | - | - | - |
1,187.73 | 1,076.58 | 927.37 | 3,966.49 | 2,413.37 |
3
(a) Automotive Components (b) Industrial Components Total Less: (i) Interest (ii) Unallocable income Total Profit Before Tax
Capital Employed Segment Assets (a) Automotive Components (b) Industrial Components (c) Unallocated Total
Segment Liabilities (a) Automotive Components (b) Industrial Components (c) Unallocated Total
Notes:
42.63 | 34.92 | 37.75 | 134.44 | 19.84 | |
11.06 | 8.57 | 11.55 | 34.85 | 38.53 | |
53.69 | 43.49 | 49.30 | 169.29 | 58.37 | |
19.67 | 19.43 | 14.91 | 71.49 | 58.87 | |
- | - | (0.51) | - | (1.30) | |
34.02 | 24.06 | 34.90 | 97.80 | 0.80 | |
2,257.18 | 2,295.97 | 2,001.33 | 2,257.18 | 2,001.33 | |
666.40 | 615.63 | 432.31 | 666.40 | 432.31 | |
50.38 | 50.57 | 42.66 | 50.38 | 42.66 | |
2,973.96 | 2,962.17 | 2,476.30 | 2,973.96 | 2,476.30 | |
1,047.14 | 1,120.32 | 925.05 | 1,047.14 | 925.05 | |
217.28 | 170.07 | 108.82 | 217.28 | 108.82 | |
975.85 | 965.69 | 781.74 | 975.85 | 781.74 | |
2.240.27 | 2.256.08 | 1.815.61 | 2.240.27 | 1 | 815.61 |
2
3
4
5
6
7 B 9
The above Standalone/ Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) | ||||
as prescribed under Section 133 0f the Companies Act, 2013, read with relevant rules thereunder. | ||||
The above results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 20, 2022. | ||||
The Board of Directors of the Company, at their meeting held on December 07, | 2021, approved the scheme of amalgamation of Sundaram Hydraulics | |||
Limited with the Company and their respective shareholders. Based on receipt | of 'No Objection Letter' dated February 10, 2022 from NSE / SEBI, the | |||
Company has filed an application with the Hon'ble NCLT, Chennai on March 16, 2022 and is awaiting necessary directions in this regard. | ||||
Consequent to the approval of the composite scheme of amalgamation / arrangement, the holding of 71,43,656 equity shares have been transferred to | ||||
/ vested in Mis. Trichur Sundaram Santhanam & Family Private Limited (TSSFPL), effective February 04, 2022. | ||||
The Company primarily operates in the automotive components segment. The Company also manufactures industrial components which include | ||||
components and structures for windmills, railways, thermal power plants and Industrial equipments. Accordingly, the reportable segments are: | ||||
a) Automotive Components and | ||||
b) Industrial Components. | ||||
The segment information is provided to and reviewed by Chief Operating Decision Maker (CODM). The reportable segment | information for the | |||
corresponding previous periods have been modified to make them comparable. | ||||
The Company publishes standalone financial results along with the consolidated financial | results. | In accordance with | the IndAS 108, "Operating | |
Segments", the Company has disclosed the segment information in the consolidated financial | results for the quarter and year ended March 31, 2022. | |||
Previous period's figures have been regrouped / reclassified wherever necessary to conform to this period's classifications. | ||||
The Board of Directors have recommended a dividend of Rs.8.30 (83%) per equity share of Rs.10/- each for the financial year 2021-22 amounting to | ||||
Rs. 19. 97 Crores. | ||||
Figures of the last quarter are the balancing figures between the audited figures in respect of the full | financial year and published year to date figures | |||
upto the third quarter of the respective financial year. | ||||
For Wheels India Limited | ||||
Srivats | ooaly signed | |||
by Srivats Ram | ||||
Ram | Date: 2022.05.20 | |||
13:22:14 +05'30 | ||||
Chennai | Srivats Ram | |||
May 20, 2022 | Managing Director | |||
DIN: 00063415 |
WHEELS INDIA LIMITED | ||||||||
kh | Corporate | Identity Number : L35921 TN1960PLC004175 | ||||||
6% | Regd. Office : | 21, Patullos Road, Chennai - 600 002; | ||||||
Ph: 044-26234300;Fax: 044-26258511; Website: | www.wheelsindia.com | |||||||
STATEMENT OF ASSETS AND LIABILITIES | ||||||||
Rs. in Crores | ||||||||
Standalone | Consolidated | |||||||
Particulars | As at 31.03.2022 | As at 31.03.2021 | As at 31.03.2022 | As at 31.03.2021 | ||||
Audited | Audited | Audited | Audited | |||||
ASSETS | ||||||||
1 Non-current assets | ||||||||
(a) Property, | Plant and Equipment | 744.32 | 760.35 | 874.75 | 860.92 | |||
(b) Capital work-in-progress | 85.25 | 42.56 | 125.51 | 113.86 | ||||
(c) Other Intangible Assets | 2.73 | 3.27 | 2.82 | 3.39 | ||||
() Right of Use Assets | 25.37 | 19.06 | 25.54 | 19.14 | ||||
(e) Financial | Assets | |||||||
(i) Investments | 14.24 | 16.68 | 24.50 | 23.14 | ||||
(ii) Others | 19.97 | 19.04 | 21.18 | 20.15 | ||||
(f) Other non-current assets | 18.62 | 6.25 | 19.00 | 6.61 | ||||
Sub-total Non-Current Assets | 910.50 | 867.24 | 1093.30 | 1047.2 | ||||
2Currentassets | ||||||||
(a) Inventories | 769.58 | 512.09 | 799.88 | 547.87 | ||||
(b) Financial | Assets | |||||||
(i) Trade Receivables | 868.23 | 706.00 | 891.34 | 740.98 | ||||
(ii) Cash and cash equivalents | 2.35 | 2.11 | 3.57 | 2.22 | ||||
(iii) Bank Balance other than (ii) | above | 0.47 | 0.51 | 0.66 | 1.25 | |||
(iv) Others | 6,80 | 3.82 | 7.15 | 4.06 | ||||
(c) Current Tax Assets (Net) | ||||||||
(d) Other currents assets | 171.25 | 126.06 | 178.06 | 132.71 | ||||
Sub total Current Assets | 1818.68 | 1350.59 | 1880.66 | 1429.09 | ||||
TOTAL - ASSETS | 2729.18 | 2217.80 | 2973.96 | 2476.30 | ||||
EQUITY 8 LIABILITIES | ||||||||
Equity | 24.06 | 24.06 | ||||||
(a) Equity Share Capital | 24.06 | 24.06 | ||||||
(b) Other Equity | 651.05 | 575.26 | 709.63 | 636.63 | ||||
Equity attributable to the owners of the Company | 675.11 | 599.32 | 733.69 | 660,69 | ||||
Non-Controlling Interest | 17.00 | 19.31 | ||||||
Sub-totalEquity | 675.11 | 599.32 | 750.69 | 680,00 | ||||
Liabilities |
1 Non-current liablities (a) Financial Liabilities
(i) Borrowings | 237.67 | 303.94 | 252.02 | 334.51 | |||
(ii) Lease Liabilities | 17.01 | 15.00 | 17.18 | 15.09 | |||
(b) | Provisions | 5.64 | 5.82 | 7.63 | 7.74 | ||
(c) | Deferred tax liabilities (Net) | 50.39 | 50.74 | 42.39 | 45.87 | ||
Sub-total Non-Current Liabilities | 310.71 | 375.50 | 319.22 | 403.21 | |||
2 | Current liablities | ||||||
(a) | Financial Liabilities | 305.24 | 342.49 | ||||
(i) Borrowings | 573.39 | 596.98 | |||||
(in) Trade payables | |||||||
(A) Dues lo Micro & Small Enterprises | 74.03 | 46.34 | 74.60 | 46.89 | |||
(B) Dues to Others | 885.78 | 747.65 | 1009.86 | 850.00 | |||
(iii) Lease Liabilities | 9.68 | 5.58 | 9.68 | 5.58 | |||
(iv) Other financial liablities | 33.83 | 23.10 | 35.96 | 24.73 | |||
(b) | Other Current Liabilities | 131.50 | 84.16 | 142.14 | 91.45 | ||
(c) | Provisions | 28.08 | 24.13 | 28.23 | 25.38 | ||
(d) Current Tax Liabilities (Net) | 7.07 | 6.78 | 6.60 | 6.57 | |||
Sub- total Current Liabilities | 1743.36 | 1242.98 | 1904.05 | 1393.09 | |||
TOTAL - EQUITY 8 LIABILITIES | 2729.18 | 2217.80 | 2973.96 | 2476.30 | |||
ForWheels India Limited | |||||||
Srvats | 22:w | ||||||
Ram | EE: | ||||||
Chennai | Srivats Ram | ||||||
May 20, | 2022 | Managing Director | |||||
DIN:00063415 |
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Wheels India Ltd. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 08:34:00 UTC.