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

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.