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Salzer Electronics Ltd. Interim / Quarterly Report 2025

Mar 21, 2025

61391_rns_2025-03-21_43dfd34f-8b69-4413-b986-514ac7112d5d.pdf

Interim / Quarterly Report

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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

To

March 21, 2025

National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra East Mumbai – 400051 S Symbol: SALZERELEC

Dear Sir/Madam,

Subject: Clarification for Financial Results Submission

Ref : Exchange Mail dated March 05,2025

This is with reference to your mail cited above, we wish to clarify that

a) Regarding your first query seeking an explanation for the revised filing of the consolidated XBRL file submitted on March 17, 2025, following the Exchange's query received on March 5, 2025, we would like to clarify that unforeseen technical glitches in our system during the filing process caused the entire figures to inadvertently and significantly distort within the template. Unfortunately, without noticing this issue, we proceeded with the filing, assuming the numbers were accurate. It was only upon receiving your recent email communication that we became aware of the error.

We sincerely apologize for this unintentional error. In the revised filing submitted on March 17, 2025, the necessary corrections have been made throughout the file, which is now in proper order. Please be assured that we will take extra precautions to prevent such issues in the future.

b) As advised in your second query, we are resubmitting the Machine-Readable Form/Legible Copy of the Financial Results..

Hope we have duly addressed your queries.

Thanks and regards

For SALZER ELECTRONICS LIMITED

K M MURUGESAN COMPANY SECRETARY & COMPLIANCE OFFICER

SALZER CIN : LO3210TZ1985PLC001535 ELECTRONICS LTD. —t—| ad —|

February 11, 2025

To

THE CORPORATE RELATIONSHIP DEPT M/s. National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G, - I Floor, New Trading Ring, BandraKurla Complex, Rotunda Building, Bandra (E),Mumbai - 400 051 P.jJ.Towers, Dalal Street, Symbol: SALZERELEC Fort, Mumbai - 400 001. SCRIP CODE: 517059

Dear sir,

Sub: Integrated Filing (Financials) for the quarter and nine months ended December 31, 2024

Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December 2024, read with BSE Circular No. 20250102-4 dated 2nd January 2025, we are submitting herewith the Integrated Filing (Financial) for the quarter and period ended 31st December 2024.

The above information will be made available on the Company's website www.salzergroup.com

The above is for information and dissemination to the public at large.

Kindly take the same on record.

Thanking you

Yours faithfully For SALZER ERECTR

Company Secretary & Compliance Officer Encl : As above

SALZER ELECTRONICS LTD.

' February 11, 2025

To

BSE Limited Exchange Plaza, C-1, Block G, I Floor, New Trading Ring, BandraKurla Complex, Rotunda Building, Bandra (E),Mumbai - 400 051 P.j.Towers, Dalal Street, Symbol: SALZERELEC Fort, Mumbai - 400 001. SCRIP CODE: 517059

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

Dear Sir,

Sub: Outcome of the Board Meeting held on February 11, 2025 Ref: Our letter dated January 29, 2025

We wish to inform pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR Regulations") that the Board of Directors of the Company at their meeting held today i.e., February 11, 2025, has approved the Standalone and Consolidated unaudited financial results for the quarter / nine months period ended December 31, 2024 in terms of Regulation 33 of LODR Regulations and in pursuance of which, we have enclosed the following:

  • Enciosed the Standalone and Consolidated unaudited financial results for the quarter ended December 31, 2024 along with the Limited Review Report as Annexure -A

  • » Copies 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.

The Meeting commenced at 04.30 p.m., and closed at of 2 as p-wW)

Kindly take the same on record.

Thanking you

Yours faithfully For SALZER ELECT NICS LTD

| n ompany Secretary & Compliance Officer Encl : As above

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

Standalone Statement of Un-Audited Financial Results for the Third Quarter and Nine Months period ended December 31, 2024

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CIN : LO3210TZ1985PLC001535

Notes forming part of above STANDALONE results:

    1. | The Company operates in only one segment viz., Electrical installation products.
    1. The above standalone results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 11, 2025
    1. The Statutory Auditors of the Company carried out a limited review of the Financial Results for the quarter ended December 31, 2024,
    1. During the third quarter of FY25, the Company further reduced its equity stake in its subsidiary, Kaycee Industries Limited, by 0.05%, resulting in a gain of Rs. 25 lakhs. Eventually, the total stake reduction in Kaycee over the nine-month period of FY25 has reached 1.60%, generating a total gain of Rs. 16 Crores. These gains have appropriately been accounted for under Other ~ Income. As on 31.12.2024 the company is holding 71.91% stake in Kaycee Industries Ltd.
    1. During the Nine Months period in FY25, the paid up share capital of the Company increased from Rs. 17,38,27,370 comprising of 1,73,82,737 equity shares of Rs.10/- each to Rs. 17,68,27,370 comprising of 1,76,82,737 equity shares of Rs.10/- each upon allotment of 3,00,000 equity shares pursuant to final conversion of warrants exercised by warrant subscribers on May 28,2024.
    1. The above Standalone financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder.
    1. Previous period's figures have been regrouped/ reclassified wherever necessary to conform to this period's classifications

For SALZER ELECTRONICS LIMITED

Coimbatore - 641 047. D RAJESHKUMAR February 11, 2025 . JOINT MANAGING DIRECTOR (DIN:00003126)

'Swamy & Ravi

CHARTERED ACCOUNTANTS 90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038. Ph : 0422 - 2446537, 4384536 E-mail : [email protected]

Ref. No. : Date : ) J | DA )ao2 5

STANDALONE LIMITED REVIEW REPORT

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors Salzer Electronics Limited Coimbatore -641047

    1. We have reviewed the accompanying statement of unaudited standalone financial results of Salzer Electronics Limited (the "Company") for the quarter ended December 31, 2024 and year-to-date from April 01, 2024 to December 31, 2024 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended {the "Listing Regulations").
    1. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review
    1. We conducted our review of the Statement in accordance with the Standard on Review Engagements {SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consist matters and inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
    1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute. Chartered Accountants of India. This standard requires that we plan and ae S/ ¥

Swamy & Ravi CHARTERED ACCOUNTANTS 90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038. Ph : 0422 - 2446537, 4384536

E-mail : [email protected]

Ref. No. :

Date : tt o2 )rors

the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying the analytical and other review procedures and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For SWAMY & RAVI Chartered Accountants Firm Regn. No : 004317S ir Madr, Ss. Alameiu

Partner M. No: 223555

UdIW : 259225SSRMINTA | 320

Consolidated Statement of Un-Audited Financial Results for the Third Quarter and Nine Months period ended December 31, 2024

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

Notes forming part of above CONSOLIDATED resuits:

    1. | The above consolidated standalone results were reviewed and recommended by the Audit Committee at its meeting held on February 11,2025 and upon which, approved by the Board of Directors in their meeting held on February 11,2025,
    1. The Statutory Auditors of the Company carried out a limited review of consolidated Financial Results for the quarter and Nine Months period ended December 31,2024,
    1. The above Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder.
    1. Previous period's figures have been regrouped/ reclassified wherever necessary to conform to this period's classifications

For SALZER ELECTRONICS LIMITED

Coimbatore - 641 047

February 11 2025 D RAJESHKUMAR JOINT MANAGING DIRECTOR (DIN: 00003126)

Swamy «& Ravi

CHARTERED ACCOUNTANTS Ph : 0422 - 2446537, 4384536 . E-mail : [email protected]

Ref. No. : Date: o— CONSOLIDATED LIMITED REVIEW REPORT I) [O22 /2DAS

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors Salzer Electronics Limited - Coimbatore -641047

    1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of Salzer Electronics Limited (the "Holding Company') and its : subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its associate for the period ended 31 st December 2024 and quarter ended 31 st December 2024 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBIi (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations').
    1. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing = Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
    1. We conducted our review of the Statement in accordance with the Standard on . Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of parent's persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in — an audit. Accordingly, we do not express an audit opinion. We have also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

Swamy «& Ravi

CHARTERED ACCOUNTANTS 90, Co-Operative "A" Colony, K.K. Pudur, Coimbatore - 641 038. Ph : 0422 - 2446537, 4384536 E-mail : [email protected]

Ref. No.

Date: [| /02 2025,

    1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
  • Di The Statement includes the results of the following entities:
  • a) Parent Company
    • i. Salzer Electronics Limited
  • b) Subsidiaries
    • i. Kaycee Industries Limited (including its Associate "Ultrafast Charges Private Limited")
    • ii. Salzer EV Infra Private Limited (Wholly owned subsidiary)
    • tii. Salzer Electronics Arabia Limited (Wholly Owned Overseas Subsidiary) - Incorporated on September 30,2024 - No transactions happened during this period.
    • iv. Salzer Kostad EV Charges Private Limited
  • c) Subsidiary of Salzer EV Infra Private Limited
    • i. Salzer Emarch Electromobility Private Limited (Step-down Subsidiary)
    1. The consolidated Unaudited Financial Results includes the interim financial results of subsidiaries / Step Down Subsidiary Company which have not been reviewed/audited by us, whose interim financial results reflect total revenue of Rs.2528.94 Lacs, total profit before Tax of Rs.490.27 Lacs, total profit after Tax of Rs.350.47 Lacs and total comprehensive income of Rs.350.74 Lacs for the Nine months period ended December 31,2024 as considered in the consolidated unaudited interim financial results. These interim financial results/ financial information have been reviewed by other auditor who carried out their review in accordance with SRE 2410, Review of Interim Financial Information performed by the Independent Auditor of the entity and their reports vide which they have issued an unmodified conclusion, have been furnished to us by the Parent's Management and our conclusion on the Statement, in so far as it relates to the affairs of the subsidiary is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

eo? SWAMY & Chartered phi : Firm Regn. to: ¢ Pariner Ni. No: 223559UDIN: 2522 3555BMINTRABST 405-B, Kasthuri Dhama Apartment, 9th Cross, 8th Main, Malleswaran, Bangalore - 560 003. © 080- 23341957

  • STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC. — Not Applicable
  • FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES Not Applicable
  • FORMAT FOR DISCLOSURE OF RELATED PARTY TRANSACTIONS (applicable only for halfyearly filings i.e., 2nd and 4th quarter) — Not Applicable
  • STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT REPORT WITH MODIFIED OPINION) SUBMITTED ALONG WITH ANNUAL AUDITED FINANCIAL RESULTS (Standalone and Consolidated separately) (applicable only for Annual Filing i.e., 4th quarter) - Not Applicable.

Yours faithfully For SALZER ELGCTRO Company Secfetdry & Compliance Officer Encl : As above