Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol GANGAFORGE
MSEI Symbol NOTLISTED
ISIN INE691Z01023
Name of company GANGA FORGING 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 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-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 Manufacturing of closed die forged products
Start date and time of board meeting 30-May-2025   14:30:00
End date and time of board meeting 30-May-2025   15:45:00
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 Declaration of unmodified opinion
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 2024-04-20
Indicate Company website link for updated RPT policy of the Company https://www.gangaforging.com/InvestorsRelation/PoliciesCodeConduct
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 n nThere are no outstanding any default loan as on 31.03.2025



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 115322000 432194000
Other income -4252000 2292000
Total income 111070000 434486000
2 Expenses
(a) Cost of materials consumed 74793000 330156000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 847000 -41236000
(d) Employee benefit expense 2398000 18226000
(e) Finance costs 2232000 9630000
(f) Depreciation, depletion and amortisation expense 2866000 10737000
(f) Other Expenses
1 Other Expenses 31442000 102473000
Total other expenses 31442000 102473000
Total expenses 114578000 429986000
3 Total profit before exceptional items and tax -3508000 4500000
4 Exceptional items 4155000 4155000
5 Total profit before tax 647000 8655000
6 Tax expense
7 Current tax 1298000 1633000
8 Deferred tax 891000 891000
9 Total tax expenses 2189000 2524000
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 -1542000 6131000
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 -1542000 6131000
17 Other comprehensive income net of taxes 456000 456000
18 Total Comprehensive Income for the period -1086000 6587000
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 134802000 134802000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 187091000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.01 0.05
Diluted earnings (loss) per share from continuing operations -0.01 0.05
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 -0.01 0.05
Diluted earnings (loss) per share from continuing and discontinued operations -0.01 0.05
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 176666000
Capital work-in-progress 3882000
Investment property 0
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 0
Other non-current financial assets 2418000
Total non-current financial assets 2418000
Deferred tax assets (net) 0
Other non-current assets 90882000
Total non-current assets 273848000
2 Current assets
Inventories 193363000
Current financial asset
Current investments 0
Trade receivables, current 80095000
Cash and cash equivalents 3239000
Bank balance other than cash and cash equivalents 0
Loans, current 172000
Other current financial assets 0
Total current financial assets 83506000
Current tax assets (net) 0
Other current assets 36111000
Total current assets 312980000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 586828000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 134802000
Other equity 187091000
Total equity attributable to owners of parent 321893000
Non controlling interest
Total equity 321893000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 48583000
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 48583000
Provisions, non-current 2888000
Deferred tax liabilities (net) 16078000
Deferred government grants, Non-current 0
Other non-current liabilities 1181000
Total non-current liabilities 68730000
Current liabilities
Current financial liabilities
Borrowings, current 117238000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 10865000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 52955000
Total Trade payable 63820000
Other current financial liabilities 0
Total current financial liabilities 181058000
Other current liabilities 10246000
Provisions, current 4901000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 196205000
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 264935000
Total equity and liabilites 586828000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) Right of Use Assets amounting to Rs. 12.82 added in Other Non-current assets



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
1 Item that will not be reclassified to Profit or Loss 456000 456000
Total Amount of items that will not be reclassified to profit and loss 456000 456000
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 456000 456000



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 8655000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 9630000
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 -21326000
Adjustments for decrease (increase) in other non-current assets -90752000
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 46202000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 10737000
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) -4155000
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) -49664000
Net cash flows from (used in) operations -41009000
Dividends received 0
Interest paid 0
Interest received -120000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -41129000
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 4191000
Purchase of property, plant and equipment 26456000
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 120000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -22145000
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 1633000
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 65936000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 9630000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 57939000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -5335000
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 -5335000
Cash and cash equivalents cash flow statement at beginning of period 8574000
Cash and cash equivalents cash flow statement at end of period 3239000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's 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 Yes
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. N. Manvar & Co. Yes 31-Oct-2027


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 Ganga Forging Limited Hiralal Mahidas Tilva Chairman & Managing Director / Promoter Remuneration 2220000 No Remarks -350000 4924000 4707000
2 Ganga Forging Limited Rakesh Chhaganbhai Patel Managing Director / Promoter Remuneration 2400000 No Remarks -326000 952000 1563000
3 Ganga Forging Limited Parulben Rakeshbhai Patel Wholetime Director /Promoter Group Member Remuneration 360000 No Remarks -117000 428000 786000
4 Ganga Forging Limited Sheetal Sanjeevkumar Chaniara Wholetime Director /Promoter Group Member Remuneration 360000 No Remarks -176000 1656000 1835000
5 Ganga Forging Limited Drashti Arvindbhai vaghasiya Key Managerial Personnel Remuneration 442000 No Remarks 259000 0 0
6 Ganga Forging Limited Avani Nileshkumar Dadhania Key Managerial Personnel / Promoter Group Member Remuneration 360000 No Remarks -147000 238000 447000
7 Ganga Forging Limited Crank & Crank Partnership Firm in which Key Managerial Personnel is interested Any other transaction Jobwork Expenses 37200000 No Remarks 1128000 693000 -31000
8 Ganga Forging Limited Prem Trading Co. Proprietorship of Key Managerial Personnel Purchase of goods or services 200000000 No Remarks 5561000 -4287000 -9783000
9 Ganga Forging Limited Crank & Crank Partnership Firm in which Key Managerial Personnel is interested Purchase of goods or services 37200000 No Remarks 234000 0 0
10 Ganga Forging Limited Prem Trading Co. Proprietorship of Key Managerial Personnel Sale of goods or services 200000000 No Remarks -211000 0 0
11 Ganga Forging Limited Crank & Crank Partnership Firm in which Key Managerial Personnel is interested Sale of goods or services 37200000 No Remarks 2666000 0 0
12 Ganga Forging Limited Manishkumar Chhaganbhai Nar Member of the Promoter Group Sale of fixed assets 2500000 No Remarks 2406000 0 0
Total value of transaction during the reporting period 10927000