Integrated Filing — IndAS



General information about company
Scrip Code 500191
NSE Symbol HMT
MSEI Symbol NOTLISTED
ISIN INE262A01018
Name of company HMT 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 23-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 18-Jul-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 Food Processing Machinery
Start date and time of board meeting 23-Jul-2025   14:45:00
End date and time of board meeting 23-Jul-2025   17:30:00
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 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 2023-03-17
Indicate Company website link for updated RPT policy of the Company https://www.hmtindia.com/policies/
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
There is no default on Loans from Banks/Financial Institution.



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 72700000 261700000
Other income 151000000 589800000
Total income 223700000 851500000
2 Expenses
(a) Cost of materials consumed 39400000 102900000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -13900000 -14800000
(d) Employee benefit expense 14200000 67200000
(e) Finance costs 400000 7900000
(f) Depreciation, depletion and amortisation expense 3500000 14500000
(f) Other Expenses
1 Other Expenses 170500000 484400000
Total other expenses 170500000 484400000
Total expenses 214100000 662100000
3 Total profit before exceptional items and tax 9600000 189400000
4 Exceptional items 0 0
5 Total profit before tax 9600000 189400000
6 Tax expense
7 Current tax 28400000 28400000
8 Deferred tax 0 0
9 Total tax expenses 28400000 28400000
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 -18800000 161000000
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 -18800000 161000000
17 Other comprehensive income net of taxes -2100000 500000
18 Total Comprehensive Income for the period -20900000 161500000
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 3556000000 3556000000
Face value of equity share capital 10 10
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 -0.05 0.45
Diluted earnings (loss) per share from continuing operations -0.05 0.45
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 -0.05 0.45
Diluted earnings (loss) per share from continuing and discontinued operations -0.05 0.45
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above statement of audited standalone financial results of HMT Limited, which have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) prescribed under section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issed thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (“SEBI”) were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 23-July-2025. n n2. The Company furnishes standalone financial statements along with the consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the audited consolidated financial statements. Accordingly, the segment information is given in the audited consolidated financial results of HMT Limited and its subsidiaries for the quarter and year ended March 31, 2025 n n3. The Statutory Auditors have carried out an audit of the above results for the year ended March 31, 2025 and have issued a modified opinion on the same. A statement showing the impact of audit qualifications is being filed separately. n n4. The figures for the fourth quarter (ending March 31, 2025) are the derived balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year. Also, the figures up to the end of the third quarter were only reviewed by an independent Chartered Accountant and not subjected to audit. n n5. Figures of previous period / year's have been regrouped wherever necessary to conform with current period / year's figures. n n* Subject to C&AG Review



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 19100000
Capital work-in-progress 0
Investment property 57400000
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 7197800000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 24100000
Total non-current financial assets 7221900000
Deferred tax assets (net) 3800000
Other non-current assets 7500000
Total non-current assets 7309700000
2 Current assets
Inventories 124900000
Current financial asset
Current investments 0
Trade receivables, current 128400000
Cash and cash equivalents 21100000
Bank balance other than cash and cash equivalents 1485500000
Loans, current 3466800000
Other current financial assets 563200000
Total current financial assets 5665000000
Current tax assets (net) 56600000
Other current assets 268900000
Total current assets 6115400000
3 Non-current assets classified as held for sale 29600000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 13454700000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3556000000
Other equity 1193300000
Total equity attributable to owners of parent 4749300000
Non controlling interest
Total equity 4749300000
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
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 812900000
Total non-current financial liabilities 812900000
Provisions, non-current 23400000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 836300000
Current liabilities
Current financial liabilities
Borrowings, current 6423000000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 11300000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 188700000
Total Trade payable 200000000
Other current financial liabilities 368900000
Total current financial liabilities 6991900000
Other current liabilities 833900000
Provisions, current 37600000
Current tax liabilities (Net) 5700000
Deferred government grants, Current
Total current liabilities 7869100000
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 8705400000
Total equity and liabilites 13454700000
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
1 Items will not be reclassified to profit and loss -2000000 600000
Total Amount of items that will not be reclassified to profit and loss -2000000 600000
2 Income tax relating to items that will not be reclassified to profit or loss 100000 100000
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 -2100000 500000



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 189400000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -7300000
Adjustments for decrease (increase) in trade receivables, current -135200000
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 -6400000
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 14500000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -38500000
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) 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) -172900000
Net cash flows from (used in) operations 16500000
Dividends received 0
Interest paid -7900000
Interest received -352000000
Income taxes paid (refund) 27100000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -354700000
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 100000
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 130900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 186100000
Net cash flows from (used in) investing activities 316900000
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 0
Repayments of borrowings -5800000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 7700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1900000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -39700000
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 -39700000
Cash and cash equivalents cash flow statement at beginning of period 60800000
Cash and cash equivalents cash flow statement at end of period 21100000





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 M/s G R S M & Associates Yes 31-May-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 851500000 851500000
2 Total Expenditure 662100000 662100000
3 Net Profit/(Loss) 161500000 161500000
4 Earnings Per Share 0.45 0.45
5 Total Assets 13454700000 13454700000
6 Total Liabilities 13454700000 13454700000
7 Net Worth 4749300000 4749300000


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)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Qualified opinion Repetitive Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Qualified opinion Repetitive Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Qualified opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Qualified opinion Repetitive Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Qualified opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)


Text Block
Textual Information(1) 1.tWe draw attention to the audit report of Food Processing Machinery Unit, Aurangabad audited by M/S R. K. MULEY & CO., Chartered Accountants, which includes a qualification relating to inventory valuation. As stated in Note 2(ii)(j) of the Significant Accounting Policies, inventories of raw materials, stores, and spares are valued using the Weighted Average Cost method. However, the branch auditor was unable to verify the accuracy of rates and costs due to inadequate audit evidence. Consequently, we are unable to determine whether there is any material misstatement in the inventory valuation and its consequential impact, if any, on the financial statements.
Textual Information(2) The inventory is valued using the weighted average cost method except in the case of consumables comprising of low value items which are valued on an estimated basis. Accounting Software is going to be installed in the store department. However, there is no material impact in the valuation of inventories.
Textual Information(3) Nil
Textual Information(4) The inventory is valued using the weighted average cost method except in the case of consumables comprising of low value items which are valued on an estimated basis. Accounting Software is going to be installed in the store department. However, there is no material impact in the valuation of inventories.
Textual Information(5) Nil
Textual Information(6) 2.tAt the Auxiliary Business Company, Bengaluru, the Company has valued inventories based on the Chartered Valuers report without adequate supporting evidence for the rates used. This approach is inconsistent with the stated accounting policy of valuing raw materials, stores, and spares using the Weighted Average Cost method. In the absence of sufficient audit evidence and deviation from the stated policy, we are unable to determine whether adjustments, if any, are required to the reported inventory values. n n
Textual Information(7) The unit has received Materials from the HMT Watches Ltd, Subsidiary during the year 2016 after closure declaration of the Subsidiary by Government of India. These inventories are segregated and utilize the good inventories for making watches. The remaining inventories which are not usable condition and some of the items required further processing were valuated at lower of NRV/Fair Realizable value. n nIn respect of inventory which has been purchased during the last three years, cost of procured value is considered. The watches assembled during the year 2024-25 by utilizing the purchased components. For this category the basic material cost and processing cost of converting to watches are considered. n
Textual Information(8) Nil
Textual Information(9) The unit has received Materials from the HMT Watches Ltd, Subsidiary during the year 2016 after closure declaration of the Subsidiary by Government of India. These inventories are segregated and utilize the good inventories for making watches. The remaining inventories which are not usable condition and some of the items required further processing were valuated at lower of NRV/Fair Realizable value. n nIn respect of inventory which has been purchased during the last three years, cost of procured value is considered. The watches assembled during the year 2024-25 by utilizing the purchased components. For this category the basic material cost and processing cost of converting to watches are considered. n
Textual Information(10) Nil
Textual Information(11) 3.tAt the Auxiliary Business Company, Bengaluru, the Company has recognized rental income of Rs.845 lakhs and incurred maintenance expenses of Rs.714 lakhs in respect of buildings that belong to a subsidiary under the previously implemented scheme of demerger/ subsidiarization. These buildings are not reflected in the books of the Company as assets, though rental income is recognized. This arrangement is not supported by a formal, legally enforceable agreement to clearly establish the terms of use, rights, and obligations between the Company and the subsidiary. n n n
Textual Information(12) The unit was formed to look after the Estate maintenance of the Bangalore based units. Consequently, due to an increase in the maintenance cost of the estate, the unit starts generating income. Post subsidization (from 2000) of the Company, the Land and buildings have been transferred to M/s. HMT Machine Tools Limited, in line with the Scheme of Arrangement. Hence the land and buildings are not recorded in the books of accounts of the unit. However, the mutation of Title Deeds is yet to be done in the name of HMT Machine Tools Limited, in the revenue records to this effect. Fresh Lease deeds in respect of Land are pending for the execution. n nSince the ABD is looking after estate and employees of Bangalore based offices including HMT Machine Tools Division, Bangalore, the rental income recorded in the unit books and also incurring expenses etc. towards maintaining the estate. n
Textual Information(13) Nil
Textual Information(14) The unit was formed to look after the Estate maintenance of the Bangalore based units. Consequently, due to an increase in the maintenance cost of the estate, the unit starts generating income. Post subsidization (from 2000) of the Company, the Land and buildings have been transferred to M/s. HMT Machine Tools Limited, in line with the Scheme of Arrangement. Hence the land and buildings are not recorded in the books of accounts of the unit. However, the mutation of Title Deeds is yet to be done in the name of HMT Machine Tools Limited, in the revenue records to this effect. Fresh Lease deeds in respect of Land are pending for the execution. n nSince the ABD is looking after estate and employees of Bangalore based offices including HMT Machine Tools Division, Bangalore, the rental income recorded in the unit books and also incurring expenses etc. towards maintaining the estate. n
Textual Information(15) Nil
Textual Information(16) 4.tThe Auxiliary Business Company, Bengaluru, is still in the process of reconciling the input tax credit under the Goods & Services Tax for the current as well as the past periods, as accounted in the books of accounts with the GST portal. Adjustment entries and reversal of ineligible input tax credit may be required upon completion of such reconciliation. In the absence of such reconciliation, we are unable to comment on the impact of the same on the result or financial position of the Company.
Textual Information(17) Noted, the reconciliations with GSTR 2B will be completed before filing 9 & 9 C Forms and necessary adjustment entries if any, will be made as required
Textual Information(18) Nil
Textual Information(19) Noted, the reconciliations with GSTR 2B will be completed before filing 9 & 9 C Forms and necessary adjustment entries if any, will be made as required
Textual Information(20) Nil
Textual Information(21) 5.tInd AS 109 requires the application of an expected credit loss (ECL) model for measuring and recognizing impairment of financial assets. However, based on the information and explanations provided, no ECL matrix was prepared during the audit period to determine the loss allowance. Consequently, we are unable to assess the potential impact, if any, on Standalone Ind AS financial statements.
Textual Information(22) The provisions are recognised as per best judgement of the management based on the current available information. Provisions made in the books are reviewed by the management on an ongoing basis. n n
Textual Information(23) Nil
Textual Information(24) The provisions are recognised as per best judgement of the management based on the current available information. Provisions made in the books are reviewed by the management on an ongoing basis. n n
Textual Information(25) Nil
Textual Information(26) 6.tNo allowance for expected credit losses have been made in respect of outstanding receivable from a subsidiary HMT Machine Tools Limited, which in our opinion has significant credit risk in view of the subsidiarys continued losses and negative net worth. The non creation of the loss allowance results in overstatement of the assets and understatement of profit for the year to the extent of such loss, which is unascertained.
Textual Information(27) HMT Machine Tools Limited is having huge land bank, and the market value of these lands is much higher than the long outstanding receivable from them, even considering the guidance value. The same will be recovered from the proceeds on sale of Land. As such there is no ECL. n n
Textual Information(28) Nil
Textual Information(29) HMT Machine Tools Limited is having huge land bank, and the market value of these lands is much higher than the long outstanding receivable from them, even considering the guidance value. The same will be recovered from the proceeds on sale of Land. As such there is no ECL. n n
Textual Information(30) Nil
Textual Information(31) 7.tThe Company has not obtained external confirmations for trade receivables, trade payables, other current liabilities, and other current assets. In the absence of such confirmations and alternative audit procedures, we were unable to obtain sufficient appropriate audit evidence regarding the accuracy, completeness, and existence of these balances. Accordingly, we are unable to determine whether any adjustments are required in respect of these items
Textual Information(32) Letters were sent through e-mail and post to all parties requesting them to confirm the balance as on 31.03.2025. Reconciliations as per available records are carried out on an ongoing basis. Consequential adjustment and provision are made wherever required as per management assessment. n n
Textual Information(33) Nil
Textual Information(34) Letters were sent through e-mail and post to all parties requesting them to confirm the balance as on 31.03.2025. Reconciliations as per available records are carried out on an ongoing basis. Consequential adjustment and provision are made wherever required as per management assessment. n n
Textual Information(35) Nil


Signatories detail
Name of CEO / Managing director Rajesh Kohli
Name of CFO Aparna R
Name of audit committee chairman Dr Kartik Chandulal Bhadra
Name of statutory auditor Gopalkrishna Hegde
Name of other signatory, if any, with designation
Place Bengaluru
Date 23-Jul-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 HMTLIMITED HMT Machine Tools Ltd Subsidiary Loan 75000000 APPROVED 75000000 3391841000 3466841000 Loan 0.069 3 years after moratorium 3 years Unsecured Statutory Dues/Working Capital
2 HMTLIMITED HMT Machine Tools Ltd Subsidiary Advance 4328000 APPROVED 4328000 134274000 138602000
3 HMTLIMITED HMT(INTERNATIONAL) Ltd Subsidiary Advance 166000 APPROVED 166000 25673000 25839000
4 HMTLIMITED SUDMO HMT Process Engineers(India) Ltd. Joint Venture Advance 180000 APPROVED 180000 143000 323000
5 HMTLIMITED HMT Machine Tools Ltd Subsidiary Any other transaction recovery of exps 929000 APPROVED 929000 0 0
6 HMTLIMITED HMT (INTERNATIONAL) Ltd Subsidiary Any other transaction recovery of exps 1916000 APPROVED 1916000 0 0
7 HMTLIMITED S. Kishor Kumar KMP Remuneration 859000 APPROVED 859000 0 0
8 HMTLIMITED Aparna R KMP Remuneration 772000 APPROVED 772000 0 0
9 HMTLIMITED HMT Machine Tools Ltd Subsidiary Any other transaction Interest accrued & Dues -5000000 APPROVED -5000000 537185000 532185000
10 HMTLIMITED HMT (INTERNATIONAL) Ltd Subsidiary Any other transaction Rent Paid 5970000 APPROVED 5970000 0 0
Total value of transaction during the reporting period 85120000