Integrated Filing — IndAS



General information about company
Scrip Code 530715
NSE Symbol ALPSINDUS
MSEI Symbol NOTLISTED
ISIN INE093B01015
Name of company ALPS INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-Jun-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-Jun-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Textile
Start date and time of board meeting 27-Jun-2025   03:30:00
End date and time of board meeting 27-Jun-2025   07:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 0 0
Other income 2728000 6604000
Total income 2728000 6604000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 682000 2572000
(e) Finance costs 161322000 633710000
(f) Depreciation, depletion and amortisation expense 0 0
(f) Other Expenses
1 OTHER EXPENSES 3302000 9174000
Total other expenses 3302000 9174000
Total expenses 165306000 645456000
3 Total profit before exceptional items and tax -162578000 -638852000
4 Exceptional items 0 0
5 Total profit before tax -162578000 -638852000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -162578000 -638852000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -162578000 -638852000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -162578000 -638852000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -162569000 -638970000
Total profit or loss, attributable to non-controlling interests -9000 118000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -162569000 -638970000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -9000 118000
21 Details of equity share capital
Paid-up equity share capital 391141000 391141000
Face value of equity share capital 0 0
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -4.17 -16.33
Diluted earnings (loss) per share from continuing operations 0 0
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -4.17 -16.33
Diluted earnings (loss) per share from continuing and discontinued operations 0 0
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 22260000
Capital work-in-progress 0
Investment property 12861000
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 11000
Other non-current financial assets 0
Total non-current financial assets 11000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 35132000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 0
Cash and cash equivalents 19237000
Bank balance other than cash and cash equivalents 75000000
Loans, current 0
Other current financial assets 431000
Total current financial assets 94668000
Current tax assets (net) 186000
Other current assets 10719000
Total current assets 105573000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 140705000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 391141000
Other equity -9324137000
Total equity attributable to owners of parent -8932996000
Non controlling interest -3713000
Total equity -8936709000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4923133000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 4923133000
Provisions, non-current 227000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 4923360000
Current liabilities
Current financial liabilities
Borrowings, current 3993863000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other current financial liabilities 151034000
Total current financial liabilities 4144897000
Other current liabilities 5190000
Provisions, current 3967000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 4154054000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 9077414000
Total equity and liabilites 140705000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 0 0



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -638852000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 633710000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 1654000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -431000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 242000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 0
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 108000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 97462000
Adjustments for other financial liabilities, non-current 449151000
Adjustments for unrealised foreign exchange losses gains -35000
Adjustments for dividend income 0
Adjustments for interest income 1412000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1180449000
Net cash flows from (used in) operations 541597000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -251000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 541848000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 1412000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -75000000
Net cash flows from (used in) investing activities -73588000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 184553000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 633710000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -449157000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 19103000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 19103000
Cash and cash equivalents cash flow statement at beginning of period 135000
Cash and cash equivalents cash flow statement at end of period 19238000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 AS GOEL AND COMPANY Yes 31-Aug-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 6604000 6604000
2 Total Expenditure 645456000 21937181000
3 Net Profit/(Loss) -638852000 -21930577000
4 Earnings Per Share -16.33 -560.68
5 Total Assets 140705000 140705000
6 Total Liabilities 9077414000 30369140000
7 Net Worth -8936709000 -30228435000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Since how long continuing Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Refertonoteno.37tothenotesonaccounts,theCompanyhasnotprovidedforitsliabilitytowardsinterestandpartofprincipalloan,waivedearlier,andimpactofretainedearningsintermsofdraftrehabilitationschemeandnowrevokedbyitsconsentedlendersamountingtoRs.212917.26lakh,accordinglythelossfortheyearandloanliabilitywouldhavebeenincreasedandshareholderfundwouldhavebeenreducedtothatextent
Textual Information(2) Duringearlieryear,thelendershavingmorethan83percentofthesecureddebtsoftheCompanyrevokedtheirconsenttotheDRSsettlementschemecirculatedbyerstwhileHonbleBIFR,interaliacontainingtherestructuringofthedebtsoftheCompany,whichwaspartlyimplemented.TheCompanyobjectedtothesaidrevocationofconsentbeingunjustifiedandbeyondtermsoftheschemeandfurthersubmittedanofferforsettlement.Ms.EdelweissAssetsReconstructionCompanyLtd.,presentlyholdingmorethan99percentofthetotalsecureddebtoftheCompanyEARC,hadfiledanOAbeforetheDRTandfurtherundertheprovisionsofSARFAESIhasauctionedsecuredpropertiesandhaveadjustedpartoftheirdueswiththerealizationmadethereof.TheCompanywasindiscussionwithEARCforsettlementofitsbalanceduesandManagementoftheCompanywithanexpectationtogettherevisedsettlementrestructuringproposalapprovedfromlendersandaccordingly,theCompanywouldbemeetingitsrevisedfinancialobligationshoweverinthemeantimeEARChasfiledanapplicationUndersec.7oftheInsolvencyandBankruptcyCodeIBC,2016beforeHonbleNationalCompanyLawTribunal,AllahabadBenchNCLT.Videitsorderdated13.9.2024,HonbleNCLTshasadmittedtheabovepetitiontoinitiateInsolvencyproceeding,declaredMoratoriumagainstcompanyandappointedMr.HemantSharmahavingIBBIRegn.No.IBBIIPA002IPN0001520161710019asInterimResolutionProfessionalIRPinthematter.FurthertheCommitteeofCreditorsCoCinitsmeetingpassedtheresolutionforappointmentofMr.HemantSharmatocontinuetoactasResolutionProfessionalinthematterandthereuponhetookoverthemanagementandoperationsoftheCorporateDebtorintermsofSection23oftheCode.TheCompany,atpresent,isundertheCorporateInsolvencyResolutionProcessCIRPintermsofprovisionsofInsolvencyandBankruptcyCode,2016IBCtheCode.Further,resolutionplansforcompanywereinvitedundertheCIRPprocessagainstwhichprospectiveresolutionapplicantshavesubmittedtheirplanswhichwerepresentedtotheCoCforitsapprovalandincaseofapprovalaplanbytheCoC,theplanwillneedtobefiledwiththeHonbleNCLTforitsapproval.Thefutureprospectsofthecompany,assuch,wouldbedeterminedonthecompletionofCIRP.AspertheCodeitisrequiredthattheCompanybemanagedasagoingconcernduringtheCIRP.AlsotheBoardofDirectorsPowerSuspendedofthecompanyhaverecommendedtotheRPtocontinuewiththemaintenanceofthestatusofcompanyasGoingConcerninviewofaboveanditsexpectationtogettherevisedsettlementrestructuringproposalapprovedfromlendersandaccordingly,theCompanywouldbemeetingitsrevisedfinancialobligations.Inviewofabove,thefinancialstatementsoftheCompanyforthefinancialyearendedonMarch31,2025havebeenpreparedongoingconcernassumptionbasisandcontinuewiththeearlierconsentedrestructuringscheme.Hence,noprovisionconsiderednecessaryintheseaccountstowardsinterestonentiresecuredloansandpartofprincipalsecuredloanwaivedearlierandimpactonretainedearningsthereontotalingtoRs.212917.26Lakhasperprovisionsofearlierconsentedscheme,whichtheCompanycontinuestogiveeffect.Theimpact,arisinguponapprovaloftherevisedsettlementresolutionplan,willbegiveneffectinthefinancialstatementsoftheyearofapprovalbytheHonbleNCLT
Textual Information(3) NOT APPLICABLE
Textual Information(4) NOT APPLICABLE
Textual Information(5) NOT APPLICABLE


Signatories detail
Name of CEO / Managing director SANDEEP AGARWAL
Name of CFO JAMIL AHMED KHAN
Name of audit committee chairman HEMANT SHARMA
Name of statutory auditor AS GOEL &CO.
Name of other signatory, if any, with designation
Place GHAZIABAD
Date 27-Jun-2025