Integrated Filing — IndAS



General information about company
Scrip Code 541161
NSE Symbol DHARAN
MSEI Symbol NOTLISTED
ISIN INE278R01034
Name of company DHARAN INFRA-EPC 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 24-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 Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   17:00:00
End date and time of board meeting 30-May-2025   19:30:00
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 Yes
(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 2025-05-30
Indicate Company website link for updated RPT policy of the Company https://dharanepc.com/
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? Yes



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 13728000 179924000
Other income 5689000 20449000
Total income 19417000 200373000
2 Expenses
(a) Cost of materials consumed -58805000 114247000
(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 5362000 22247000
(e) Finance costs 20413000 35884000
(f) Depreciation, depletion and amortisation expense 241000 1089000
(f) Other Expenses
1 Selling Expenses 72000 4142000
2 Other Expenses 73863000 416852000
Total other expenses 73935000 420994000
Total expenses 41146000 594461000
3 Total profit before exceptional items and tax -21729000 -394088000
4 Exceptional items 0 0
5 Total profit before tax -21729000 -394088000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 125000 279000
9 Total tax expenses 125000 279000
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 -21854000 -394367000
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 -21854000 -394367000
17 Other comprehensive income net of taxes -202000 -810000
18 Total Comprehensive Income for the period -22056000 -395177000
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 2614379000 2614379000
Face value of equity share capital 1 1
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 -0.01 -0.15
Diluted earnings (loss) per share from continuing operations -0.01 -0.15
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 -0.15
Diluted earnings (loss) per share from continuing and discontinued operations -0.01 -0.15
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 6747000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 6735394000
Trade receivables, non-current
Loans, non-current 252702000
Other non-current financial assets 414364000
Total non-current financial assets 7402460000
Deferred tax assets (net) 847000
Other non-current assets 4010000
Total non-current assets 7414064000
2 Current assets
Inventories 1545961000
Current financial asset
Current investments 155040000
Trade receivables, current 780629000
Cash and cash equivalents 37218000
Bank balance other than cash and cash equivalents 0
Loans, current 175382000
Other current financial assets 1097000
Total current financial assets 1149366000
Current tax assets (net) 51136000
Other current assets 158822000
Total current assets 2905285000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 10319349000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2614379000
Other equity 5963143000
Total equity attributable to owners of parent 8577522000
Non controlling interest
Total equity 8577522000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
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 415131000
Total non-current financial liabilities 415131000
Provisions, non-current 7280000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 749858000
Total non-current liabilities 1172269000
Current liabilities
Current financial liabilities
Borrowings, current 223749000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 36396000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 36396000
Other current financial liabilities 126942000
Total current financial liabilities 387087000
Other current liabilities 78698000
Provisions, current 6057000
Current tax liabilities (Net) 97716000
Deferred government grants, Current
Total current liabilities 569558000
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 1741827000
Total equity and liabilites 10319349000
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)
1 Real Estate 13728000 179924000
2 Civil Contracting business 0 0
Total Segment Revenue 13728000 179924000
Less: Inter segment revenue 0 0
Revenue from operations 13728000 179924000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Real Estate 47221000 17035000
2 Civil Contracting business 1000 3000
Total Profit before tax 47222000 17038000
i. Finance cost 20413000 20413000
ii. Other Unallocable Expenditure net off Unallocable income 48438000 48438000
Profit before tax -21629000 -394091000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Real Estate 10034845000 10034845000
2 Civil Contracting business 59857000 59857000
Total Segment Asset 10094702000 10094702000
Un-allocable Assets 224647000 224647000
Net Segment Asset 10319349000 10319349000
4 Segment Liabilities
Segment Liabilities
1 Real Estate 1572899000 1572899000
2 Civil Contracting business 1287000 1287000
Total Segment Liabilities 1574186000 1574186000
Un-allocable Liabilities 167640000 167640000
Net Segment Liabilities 1741826000 1741826000
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 202000 810000
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 -202000 -810000



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 -394088000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 35884000
Adjustments for decrease (increase) in inventories -100407000
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 6848723000
Adjustments for other financial assets, non-current 369494000
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 -16746000
Adjustments for increase (decrease) in other non-current liabilities 63806000
Adjustments for depreciation and amortisation expense 1089000
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 60000
Adjustments for interest income 2832000
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 -279000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -810000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships -20148000
Total adjustments for reconcile profit (loss) 7177714000
Net cash flows from (used in) operations 6783626000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 6783626000
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 185000
Proceeds from sales of investment property 0
Purchase of investment property 6650366000
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 60000
Interest received 2832000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 20148000
Net cash flows from (used in) investing activities -6627511000
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 -120683000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 35884000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -156567000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -452000
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 -452000
Cash and cash equivalents cash flow statement at beginning of period 37672000
Cash and cash equivalents cash flow statement at end of period 37220000





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 Sharp Arth & Co Llp Yes 31-Mar-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 19417000 19417000
2 Total Expenditure 41146000 41146000
3 Net Profit/(Loss) -22056000 -22056000
4 Earnings Per Share -0.01 -0.01
5 Total Assets 10319349000 10319349000
6 Total Liabilities 1741827000 1741827000
7 Net Worth 8577522000 8577522000


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 Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Improper end use of funds raised n nDelays and errors in filling required forms and compliances with the Reserved Bank of India (RBI)
Textual Information(2) Not Applicable, as not qualified by the Auditor
Textual Information(3) Not Quantifiable
Textual Information(4) Since qualification's relating to non-compliances of RBI norms, qualification not possible
Textual Information(5) we accept the managements comments above.


Signatories detail
Name of CEO / Managing director Naresh Karda
Name of CFO Liyakat Khan
Name of audit committee chairman Sandeep Shah
Name of statutory auditor Praveen Purohit
Name of other signatory, if any, with designation NA
Place Nashik
Date 30-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 KBC GLOBAL LIMITED BHAKTI ENTERPRISES Partner of Bhakti Enterprises Investment -21000 Loss Recorded -46770000 -13010000 -59780000
2 KBC GLOBAL LIMITED KARDA INFRASTRUCTURES Parter of Karda Infrastructures Investment -7452000 Loss Recorded -10216000 214327000 204111000
3 KBC GLOBAL LIMITED GREEN ENTERPRISES Partner of Green Enterprises Investment 0 Loss Recorded 0 10710000 10710000
4 KBC GLOBAL LIMITED KARDA CONSTRUCTIONS Short Term Borrowing - Director Loan -9254000 0 -9254000 -26955000 -36209000
5 KBC GLOBAL LIMITED MANOHAR JAGUMAL KARDA Short Term Borrowing - Director Loan 0 0 0 1052000 -1052000
6 KBC GLOBAL LIMITED SHREE SAINATH LAND & DEVELOPMENT PRIVATE LIMITED SISTER CONCERN COMPANY Any other transaction Rent received 18000 0 18000 162000 180000
7 KBC GLOBAL LIMITED BHAKTI ENTERPRISES Partner of Bhakti Enterprises Any other transaction Rent received 18000 0 18000 162000 180000
8 KBC GLOBAL LIMITED KARDA CONSTRUCTIONS SISTER CONCERN COMPANY Any other transaction Rent received 18000 0 18000 162000 180000
9 KBC GLOBAL LIMITED DEVESH INFRASTRUCTURES SISTER CONCERN COMPANY Any other transaction Rent received 18000 0 18000 162000 180000
10 KBC GLOBAL LIMITED KARDA INFRASTRUCTURES SISTER CONCERN COMPANY Any other transaction Rent received 18000 0 18000 162000 180000
11 KBC GLOBAL LIMITED KARDA BUILDCON PVT LTD SISTER CONCERN COMPANY Any other transaction Rent received 18000 0 18000 162000 180000
12 KBC GLOBAL LIMITED THE ADDRESS HOTEL SISTER CONCERN COMPANY Any other transaction Rent received 600000 0 600000 -1650000 -2250000
Total value of transaction during the reporting period -65532000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 630000000
B Of the total amount outstanding, amount of default as on date 438400000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 630000000