Integrated Filing — IndAS



General information about company
Scrip Code 513509
NSE Symbol KALYANIFRG
MSEI Symbol NOTLISTED
ISIN INE314G01014
Name of company KALYANI FORGE 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-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
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 Forging
Start date and time of board meeting 27-May-2025   12:50:00
End date and time of board meeting 27-May-2025   17:50:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2022-02-12
Indicate Company website link for updated RPT policy of the Company https://kalyaniforge.com/n
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable.



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-Jan-2025 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 Standalone Standalone
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 589541000 2366433000
Other income 3809000 25111000
Total income 593350000 2391544000
2 Expenses
(a) Cost of materials consumed 304071000 1177631000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -43765000 -54900000
(d) Employee benefit expense 108871000 397233000
(e) Finance costs 20593000 70379000
(f) Depreciation, depletion and amortisation expense 20373000 78700000
(f) Other Expenses
1 Other Expenses 156790000 606460000
Total other expenses 156790000 606460000
Total expenses 566933000 2275503000
3 Total profit before exceptional items and tax 26417000 116041000
4 Exceptional items 0 0
5 Total profit before tax 26417000 116041000
6 Tax expense
7 Current tax 8474000 17650000
8 Deferred tax -4322000 15243000
9 Total tax expenses 4152000 32893000
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 22265000 83148000
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 22265000 83148000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 22265000 83148000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 36390000 36390000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 860482000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.12 22.86
Diluted earnings (loss) per share from continuing operations 6.12 22.86
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 6.12 22.86
Diluted earnings (loss) per share from continuing and discontinued operations 6.12 22.86
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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 603660000
Capital work-in-progress 150484000
Investment property
Goodwill 0
Other intangible assets 6019000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 50000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 50000
Deferred tax assets (net) 18615000
Other non-current assets 42012000
Total non-current assets 820840000
2 Current assets
Inventories 571656000
Current financial asset
Current investments 0
Trade receivables, current 808238000
Cash and cash equivalents 9938000
Bank balance other than cash and cash equivalents 19152000
Loans, current 0
Other current financial assets
Total current financial assets 837328000
Current tax assets (net)
Other current assets 72927000
Total current assets 1481911000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2302751000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 36390000
Other equity 860482000
Total equity attributable to owners of parent 896872000
Non controlling interest
Total equity 896872000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 122475000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 122475000
Provisions, non-current 77711000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 200186000
Current liabilities
Current financial liabilities
Borrowings, current 593210000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 25843000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 484826000
Total Trade payable 510669000
Other current financial liabilities 31421000
Total current financial liabilities 1135300000
Other current liabilities 61845000
Provisions, current 8548000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1205693000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1405879000
Total equity and liabilites 2302751000
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-Jan-2025 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 Standalone Standalone
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-Jan-2025 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 Standalone Standalone
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
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
5 Total Other comprehensive income



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 Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 116041000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 70379000
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 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
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 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 78700000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
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) 4565000
Other adjustments for non-cash items -15080000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 138564000
Net cash flows from (used in) operations 254605000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2549000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 252056000
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 243499000
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 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -243499000
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 106564000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 10221000
Interest paid 70379000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 25964000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 34521000
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 34521000
Cash and cash equivalents cash flow statement at beginning of period 9176000
Cash and cash equivalents cash flow statement at end of period 43697000





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 Disclaimer of 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 M.P Chitale Yes 31-Jul-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 2391544000 2391544000
2 Total Expenditure 2275503000 2275503000
3 Net Profit/(Loss) 83148000 83148000
4 Earnings Per Share 22.86 22.86
5 Total Assets 2302751000 2302751000
6 Total Liabilities 1405879000 1405879000
7 Net Worth 896872000 896872000


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) Disclaimer of opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) 1. The Company has been in the process of refining its stock valuation methodology since prior financial years. This involves updating standard rates for material, labour and overheads based on the current prevailing rates and relevant data. As the said process is not completed, the quantities and valuation of inventories and the consequential impact thereof, if any on the cost of raw materials and components consumed and the changes in inventories of finished goods, work in progress and stock in trade is unascertainable. 2. Balance of trade receivables, trade payables and stock with vendors are subject to confirmations, reconciliations, and consequential adjustments, if any, as a result of which we are unable to obtain sufficient and appropriate audit evidence. We were unable to satisfy ourselves even after applying alternative means concerning such balances. n3. Balances of amount appearing under GST input tax credit and sales reported in GSTR 1 is subject to reconciliations, and consequential adjustments, if any. We were unable to satisfy ourselves even after applying alternative means concerning such balances. 4. We have been given to understand that the Company is in the process of updating the relevant documentation for internal financial control over financial reporting. In the absence of necessary documentation, we could not determine if the Company has established adequate internal financial statements and whether such internal financial controls were operating effectively as at March 31, 2025.
Textual Information(2) NA, not quantified.
Textual Information(3) There is no impact of the qualification as per Managements best assessment.
Textual Information(4) NA
Textual Information(5) Because of significance of the matters described in the details of audit qualifications in II(a) above, we have not been able to obtain sufficient and appropriate audit evidence to provide a basis for an audit opinion on the financial results for the year ended March 31, 2025.


Signatories detail
Name of CEO / Managing director Mr. Viraj G. Kalyani
Name of CFO Mr. Nilesh Bandalen
Name of audit committee chairman Mr. Abhijit Senn
Name of statutory auditor Mr. Sanat Chitalen
Name of other signatory, if any, with designation N.A.n
Place Pune
Date 27-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Kalyan Forge Limited Kstudio Solutions Private Limited Other Related Party Any other transaction Crosscharge 2832000 NA 1150000 0 0
2 Kalyan Forge Limited Kstudio Solutions Private Limited Other Related Party Sale of goods or services NA 0 0 0
3 Kalyan Forge Limited Kstudio Solutions Private Limited Other Related Party Sale of goods or services NA 15204000 0 0
4 Kalyan Forge Limited Kalyani Proprietary Private Limited Other Related Party Any other transaction Receivables- UnSecured 25000 NA 6000 6000 6000
5 Kalyan Forge Limited Mrs. Rohini G. Kalyani Key Managerial Personnel Remuneration NA 518000 173000 173000
6 Kalyan Forge Limited Shrid Metal Technologies Private Limited Other Related Party Any other transaction Rent Received 60000 NA 15000 15000 15000
7 Kalyan Forge Limited Mr. Viraj G. Kalyani Key Managerial Personnel Remuneration NA 1043000 60000 60000
8 Kalyan Forge Limited Mr. G. N. Kalyani Key Managerial Personnel Any other transaction Commission and Director Sitting Fees NA 15000 15000 15000
9 Kalyan Forge Limited Mr. Abhijit Sen Independent Director Any other transaction Commission and Director Sitting Fees NA 27000 27000 27000
10 Kalyan Forge Limited Mr. Ajay Tandon Independent Director Any other transaction Commission and Director Sitting Fees NA 30000 30000 30000
11 Kalyan Forge Limited Mr. Jeevan Mahaldar Independent Director Any other transaction Commission and Director Sitting Fees NA 18000 18000 18000
12 Kalyan Forge Limited Arjas Steel Private Limited Other Related Party Purchase of goods or services NA 52839000 1000 42407000
13 Kalyan Forge Limited Arjas Modern Steel Private Limited Other Related Party Purchase of goods or services NA 5296000 0 5296000
14 Kalyan Forge Limited Yusmarg Investment & Trading Private Limited Other Related Party Inter-corporate deposit NA 50000000 0 50000000
Total value of transaction during the reporting period 126161000