SALZER ELECTRONICS LTD

Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535. Phone No.0422-4233600/ 614/696 E-Mail : [email protected] web site : https://www.salzergroup.net/

F:\My Documents\25-S E L\28-EXCH\NSE\Corres.doc

National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Tel. No: 022 2659 8100/ 2659 8114 / 66418100

Symbol: SALZERELEC

Dear Sir,

Sub : Query letter – Quick Result 31.03.2023 – reg Ref : Your E-Mail dt.08.06.2023.

This has reference to your E Mail cited above seeking for clarifications on our Quick Results submitted on May 24, 2023 and for which, we are submitting our responses as under

Query : 1 Consolidated segment details not submitted

Our Clarification : We hereby confirm that the parent company M/s.Salzer Electronics Limited and subsidiary company M/s.Kaycee Industries Ltd are functioning under a single segment of Manufacturing of Electrical Installation products. Hence, segment details are not provided.

Query :2 Machine Readable Form / Legible copy of Financial Results not submitted

We came to know only upon receipt your query mail that the uploaded file is not in machine readable format, which is added now. We regret for this mistake happened unintentionally.

Hope your queries have duly been clarified.

Thanks and regards

For SALZER ELECTRONICS LIMITED

SANKARAN	Digitally signed by SANKARAN BASKARASUBRAMANIAN DN: c=IN. o=Personal.
BASKARASU	pseudonym=a1f0970b14f7f3f1aa219a596ac2 3e84f34efed54da38713c999d9ff09f00afc. postalCode=641025.st=TAMIL NADU. serialNumber=e1f7b6cb4e1ce4b8d175adde6
BRAMANIAN	dd2a24f6011a63e64d8c989aec8b27be44a424 a, cn=SANKARAN BASKARASUBRAMANIAN Date: 2023.06.09 11:30:42 +05'30'

S BASKARASUBRAMANIAN DIRECTOR (CORPORATE AFFAIRS) & COMPANY SECRETARY

June 9, 2023

To

BSE Limited Exchange Plaza, C-1, Block G, | Floor, New Trading Ring, BandraKurla Complex, Rotunda Building, Bandra (E),Mumbai — 400 051 P.J. Towers, Dalal Street, "Tel +91 22 26598235/36, 26598346 Fort, Mumbai - 400 001. Fax : +91 22 26598237/38

THE CORPORATE RELATIONSHIP DEPT M/s. National Stock Exchange of India Ltd.,

SCRIP CODE: 517059 Symbol: SALZERELEC

Dear Sir,

Sub : Outcome of the Board Meeting held on May 24, 2023 Ref : Our letter dated May 15, 2023

We wish to inform in pursuance of Regulation 30 & 33 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 that our Board of Directors at their meeting held today, May 24, 2023 considered and transacted, inter-alia, the following :

e) Approved the Audited standalone as well as Consolidated Financial Results for the Fourth quarter and year ended March 31, 2023.

We would also confirm that the Statutory Auditors of the company has issued Unmodified Opinion on the Standalone and Consolidated financial results,

A copy of both Standalone and consolidated Financial Results will be uploaded in the Company's website www.salzergroup.net .

Further, Pursuant to Regulation 47 of SEBI LODR Regulations, an extract of the aforesaid financial results in the manner prescribed under the SEBI Listing Regulations will be published in English and Tamil newspapers within time stipulated

f) Recommended a Dividend of Rs.2.20 per equity share of Rs.10/- each for the financial year ended March 31, 2023.

g) Approved the Schedule of the 38° Annual General Meeting of the Company for the financial year 2022-23, be held on September 09, 2023.
h) Approved the Record Date on August 25, 2023 for the purpose of Dividend payment and 38" Annual General Meeting for the Financial year 2022-23
i) Approved, subject to the confirmation of the shareholders, the re-appointment of Mr.P.Ramachandran (DIN: 01043572) as Whole Time Director for another term of five year effective from September 26, 2023.

The Meeting commenced at 11.30 a.m and closed at 2.00 p.m

May kindly be acknowledged the receipt and disseminate the same.

Thanking you

Yours faithfully For SALZER ELECTRONICS LTD

SANKARAN BASKARASUB RAMANIAN Digitally signed by SANKARAN BASKARASUBRAMANIAN DN: c=IN, o=Personal, pseudonym=a1f0970b14f7f3f1aa219a596ac2 3e84f34efed54da38713c999d9ff09f00afc, postalCode=641025, st=TAMIL NADU, serialNumber=e1f7b6cb4e1ce4b8d175adde6 dd2a24f6011a63e64d8c989aec8b27be44a42 4a, cn=SANKARAN BASKARASUBRAMANIAN Date: 2023.06.09 11:31:05 +05'30'

S.BASKARASUBRAMANIAN DIRECTOR (CORPORATE AFFAIRS) & COMPANY SECRETARY (DIN :00003152 & FCS:4605)

Encl : As above

Statement of Standalone Audited Financial Results for the Fourth Quarter and year ended March 31, 2023

	SALZER ELECTRONICS LTD.
	CIN: L03210TZ1985PLC001535

	Statement of Standalone Audited Financial Results for the Fourth Quarter and year ended March 31, 2023
			Quarter ended		Rs. In Lacs except for per share data Year ended
	Particulars	31-03-2023	31-12-2022	31-03-2022	31-03-2023	31-03-2022
		Refer Note No.1X	Un-Audited	Audited	Audited	Audited
Т a.	Income Revenue From Operations	29,511.83	23994.68	22,802.03	1,01,308.11	78,363.30
b.	Other Income	19.03	47.56	34.67	137.26	217.88
	Total Income	29,530.86	24,042.24	22,836.70	1,01,445.37	78,581.18
$\mathop{\mathrm{II}}% \nolimits_{\mathop{\mathrm{II}}% \nolimits}(\mathop{\mathrm{II}}% \nolimits_{\mathop{\mathrm{II}}% \nolimits} \mathop{\mathrm{II}}% \nolimits_{\mathop{\mathrm{II}}% \nolimits} \mathop{\mathrm{II}}% \nolimits_{\mathop{\mathrm{II}}% \nolimits}$ a.	EXPENSES Cost of materials consumed	23,719.87	18840.08	17,769.96	81,827.82	63,764.67
b.	Changes in inventories of finished goods, work-	$-26.97$	$-457.97$	785.51	$-1,964.41$	$-1,585.42$
C.	in-progress and stock-in-trade Employee benefit expenses	989.77	858.85	860.37	3,514.73	2,939.99
d.	Finance Cost	765.25	666.18	501.94	2,605.69	1,980.54
e.	Depreciation and amortisation expense	408.12	407.34	405.26	1,611.38	1,600.59
$\mathsf{f}.$	Other expenses TOTAL EXPENSES	2,499.38 28,355.43	2379.42 22,693.90	2,097.41 22,420.45	8,815.90 96,411.12	6,865.93 75,566.30
Ш	PROFIT BEFORE EXCEPTIONAL ITEMS AND	1,175.43	1,348.34	416.25	5,034.25	3,014.88
IV	Exceptional items				$\Omega$
V a.	PROFIT BEFORE TAX Current Tax	1,175.43 279.82	1,348.34 381.07	416.25 33.66	5,034.25 1398.07	3,014.83 $-766.77$
VI	PROFIT AFTER TAX	895.61	967.27	382.59	3,636.18	2,248.11
VII VIII	OTHER COMPREHENSIVE INCOME Items that will not be reclassified to profit or	$-91.94$	30.50	11.39
	loss				$-15.94$	25.19
IX	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	803.67	997.77	393.98	3,620.24	2,273.30
X	Paid up share capital - equity shares of Rs.10/-	1,618.27	1,598.27	1,598.27	1,618.27	1,598.27
XI	each Reserves and Surplus (Other Equity)
XII	EARNINGS PER SHARE				38,523.12	33,384.31
a.	- Basic after exceptional items (in Rs.)	5.60	6.05	2.39	22.74	14.07
b.	- Diluted after exceptional items (in Rs.)	5.07	6.01	2.39	20.58	14.07
						For Salzer Electronics Limited


	Date: May 24, 2023 Place: Coimbatore					D RAJESHKUMAR
						JOINT MANAGING DIRECTOR CHIEF FINANCIAL OFFICER
						(DIN: 00003131)

ISO 9001 Registered 015

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: + +91 422 2692170 E-mail : [email protected] Website : www.salzergroup.com

SALZER ELECTRONICS LTD. ——— | Ped —|

CIN : L03210TZ1985PLC001535

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.
vill) 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)

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax : + + 91 422 2692170 TIT ER E-mail : [email protected] Website : www.salzergroup.com

STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 31.03.2023

	SALZER ELECTRONICS LTD. CIN : LO3210TZ1985PLC001535	Salsa"



















	STANDALONE AUDITED STATEMENT OF THE ASSETS AND LIABLITIES AS AT 31.03.2023
Particulars		3/31/2023	3/31/2022
ASSETS			Rs. In Lacs
	1 Non-current Assets
	(a) Property, Plant and Equipment	22692.82	21057.24
	(b) Capital Work in progress (c) Investment Property	63.10 0.77	77.70
	(d) Intangible Assets	358.73	386.37
	(e) Financial Assets i. Investments	1762.55	1745.47
	ii. Trade Receivables	934.66	1162.73
	iii. Others (f) Other Non-Current Assets	592.06 493.95	1183.25 501.51
	Total Non-Current Assets	26,898.64	26115.04
	2 Current Assets (a) Inventories
	(b) Financial Assets	27005.03	22370.11
	i. Investments ii. Trade Receivables	422.80 27562.66	310.06
	ili. Cash and Cash equivalents	603.08	20851.87 128.22
	iv. Other Bank balances v. Loans	661.96 1020.63	675.60
	vi. Others	42.70	1058.04 34.82
	(c) Other Current Assets	3415.81	2634.96
	Total Current Assets TOTAL ASSETS	60734.67 87,633.31	48063.68 74178.72
EQUITY	EQUITY AND LIABILITIES
(a)	Equity Share Capital	1,618.27	1,598.27
(b)	Instruments entirely equity in Nautre - Non Cumulative 5% Covertible Preference shares	0.00
(b)	Other Equity	38671.12	33548.24
LIABILITIES	Total Equity	40,289.39	35146.51
	1 Non-current Liabilities
(a)	Financial Liabilities i. Borrowings	778.06
	Provisions	16.19	1240.68
(b)	Deferred tax liabilites (net) Total Non-current Liabilites	2223.53 3017.78	1960.56 3201.24
(c)	2 Current Liabilities
	(a) Financial Liabilities i. Borrowings
		26477.32 10957.54	23540.29 7376.55
	ii. Trade Payables	484.18 6187.23	485.89 4258.71
(b)	iii. Others Other Current Liabilites	219.87	169.53
(c)	Provisions	0
(d)	Current Tax Liabilities (Net)
	Total Current Liabilites TOTAL EQUITY AND LIABILITIES	44326.14 87,633.31	35830.97 74178.72

SALZER ELECTRONICS LTD. LO3210TZ1985PLC001535 Soalze rc

ELECTRONICS SALZER	LTD.		Soalze

















LO3210TZ1985PLC001535 CIN :

	STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31.03.2023
	Period Ending		Period Ending
	31.03.2023		31.03.2022
	Amount in Rs.(Lacs)		Amount in Rs.(Lacs)
A. CASH FLOW FROM OPERATING ACTIVITIES

Net profit after tax Adjustments for:		3,636.19		2,273.32
Tax Expenses	1,398.07		758.30,
Depreciation	1,611.38		1,600.59.
Interest Income Finance Costs	-40.81 2,605.69.		-34.79 1,980.54
(Gain)/Loss on Foreign Exchange Fluctuatic	0.00		-83.99
Dividend Income (Profit) / Loss on sale of Investments	-27.48 -38.97,		20.98 -43.52,
(Profit) / Loss on sale of Fixed Assets	-0.25,		-1.50,
Fair valuation of investments Impairment on Goodwill	6.44, 44.49		-18.99 0.00
Other Non Operating Income	-27.16		-32.63
Other Comprehensive Income	27.73,	5,546.27	-14.68.	4,130.30
Operating Profit before working capital changes Add: Adjustments for working capital changes		9,182.46		6,403.62
Inventories	-4,634.93	_—	-4,632.58.
Trade and other receivables Trade and other Payables	-6,642.85. 3,580.99		-2,316.69 1,492.96
Other Liabilities	1,955.45	-5,741.33	-1,445.05	-6,901.35
Cash generated from operations Direct tax paid		3,441.12 -1,135.09,		-497.74 -902.80

Net cash from operating activities		2,306.03		-1,400.54
B. INVESTING ACTIVITIES :
	-3,263.84		-1,993.53
	14.60,		56.93
Investments in Fixed assets (Net) Increase/ Decrease in Capital Work in Prog	27.16		32.63
Non Operating Income	38.97		43.52. 61.11
Profit/ (Loss) on sale of Investments			27.60
Sale/(Investment) in Mutual Funds and Equ Proceeds from Sale of Investments	-112.74 23.30.		1.50
Profit/ (Loss) on Sale of Fixed assets	0.25,		0.00 -18.99
Investment in subsidiary/Associate	39.75
Other Non Current Investments Dividend Income	0.00 27.48		-20.98
Interest Income	40.81	-3,243.75	34.79	-1,775.42
Net cash used in investing activities		-3,243.75		-1,775.42

@. ey Samichettipalayam, Coimbatore - 641 047, India. - ISO 9001 v Phone : + + 91 422 4233600 Fax: ++ 91 422 2692170 TICLE eRe E-mail : [email protected] Website : www.salzergroup.com

LO3210TZ1985PLC001535 CIN :
	STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31.03.2023
	Period Ending 31.03.2023		Period Ending 31.03.2022
C. FINANCING ACTIVITIES:	Amount in Rs.(Lacs)		Amount in Rs.(Lacs)
Proceeds from Short Term Borrowings	2,937.03		5,212.41
Money received against share warrants	1,253.32,		0.00,
Increase in Share capital Increase in Share Premium	20.00, 537.00,		0.00 0.00
Long Term Borrowings - Receipts	~462.62,		0.00
Repayment of non current liabilities Interest and finance Charges	Cie -2,605.69		-386.00 -1,980.54
Gain/(Loss) on Foreign Exchange Fluctuatic	0.00.		83.99
Dividend and dividend tax paid	-287.68	1,398.93	0.00	2,929.86

Net cash from financing activities		1,398.93		2,929.86

Net increase in cash and cash equivalents (A+B+C) Add : Opening Cash and Cash Equivalents _		461.21. 803.82		-246.10 1,049.92
		1,265.03		803.82
Closing Cash balance		1,265.03 ©		803.82

Samichettipalayam, Coimbatore - 641 047, India. Sw V4 Phone : + + 91 422 4233600 Fax : + +91 422 2692170 Registered J un. E-mail : [email protected] Website : www.salzergroup.com

Statement of Consolidated Audited Financial Results for the Fourth Quarter and year ended March 31, 2023

	ELECTRONICS SALZER	LTD.			Salzer
	CIN : LO3210TZ1985PLC001535

	Statement of Consolidated Audited Financial Results for the Fourth Quarter and year ended March 31, 2023
						Rs. In Lacs
		3/31/2023	Quarter ending 12/31/2022	3/31/2022	Year ending 3/31/2023	3/31/2022
		Ref. Note No. iT	Unaudited	Audited	Audited	Audited
1	INCOME Revenue From Operations	30,273.04
2	Other Income	32,82	24,559.77 62.32	23,886.90 52.82	1,03,708.68 170.11	80,354.15 247,61
	TOTAL INCOME EXPENSES	30,305.86	24,622.09	23,939.72	1,03,878.79	80,601.76
Il 1	Cost of materials consumed	24,008.99	19,033.07	18,465.97	82,694.88	63,934.25
2 3	Changes in inventories of finished goods and work-in-progress Employee benefit expenses	2774 1,078.02	-464.67 969.44	816.37 962.34	-1,978.92	-917.53
	Finance Cost	768.51	666.85	503.60	3,936.54 2,611.89	3,359.63 1,987.65
			415.56	412.68	1,660.37	1,633.48
	[Depreciation and amortisation expense Other expenses	433.39
	TOTAL EXPENSES	2,691.01 29,007.66	2,531.90 23,152.15	2,251.36	9,465.99	7,353.53
	PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX Exceptional items	1,298.20	1,469.94	23,412.32 527.40	98,390.75 5,488.04	77,351.01 3,250.75
	Covid provision for inventory and receivables @ Kaycee	0.00	0.00	0.00	0.00
	Prior Period expenses PROFIT BEFORE TAX	0.00	1.52	0.00	1.52	0.00 0.00
	Tax Expense	1,298.20 -313.43	1,471.46 -419.11	527.40 -70.19	5,489.56 -1,527.68	3,250.75 -830.30
	Vil PROFIT AFTER TAX	984.77	1,052.35	457.21	3,961.88	2,420.45
	VIII Attributable to Owners of the Company (Holding Co) IX Attributable to Non-controlling Interest	961.44	1,031.00	324.15	3,870.50	2,259.32
	OTHER COMPREHENSIVE INCOME	23.33	21.35	133.06	91.38	161.15
	!tems that will not be reclassified to profit or loss	-89.72	30.83	16.33	-13.39	30.13
	XI TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD 1 Attributable to Owners of the Company (Holding Co}	895.05 871.06	1,083.18 1,061.82	473.54	3,948.49	2,450.58
	2 Attributable to Non-controlling Interest	23.99	21.36	339,25 134.29	3,860.16 88.33	2,288.21 162.38
	Share Capital (Equity Shares of Rs.10/- each) Reserves and Surplus (Annualized)	1,618.27	1,598.27	1,598.27	1,618.27	1,598.27
	XIV [EARNINGS PER SHARE				39,152.82	33,791.00
	Basic after exceptional items (in Rs.)	6.01	6.45	2.03	24,21	14.14
	6 Diluted after exceptional items (in Rs.)	5.44	6,42	2.03	21.90	14,14

						For Salzer Flectronics Limited

4 5 6 IIl_ IV a b V VI X 1 XII XIII	Date : May 24, 2023			se		D RAJESHKUMAR
	Place : Coimbatore					JOINT MANAGING DIRECTOR CHIEF FINANCIAL OFFICER

se For Salzer Flectronics Limited D RAJESHKUMAR

ISO 9001 Registered

Samichettipalayam, Coimbatore - 641 047, India. Phone : + + 91 422 4233600 Fax: ++ 91 422 2692170 E-mail : [email protected] Website : www.salzergroup.com

SALZER ELECTRONICS LTD. —+— | ad —|

Notes forming part of above CONSOLIDATED 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 along with the Audit report issued by the Statutory Auditor on Financial Results;
ii) The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial years, which were subjected to limited review. Figures for the previous periods have been regrouped, wherever necessary, to conform to the current period's classification.;

For SALZER ELECTRONICS LIMITED

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

Samichettipalayam, Coimbatore - 641 047, India. 0.9001 Phone >++91 422 4233600 Fax: ++91 422 2692170 TIM E-mail : [email protected] Website : www.salzergroup.com