Integrated Filing — IndAS



General information about company
Scrip Code 514274
NSE Symbol AARVEEDEN
MSEI Symbol NOTLISTED
ISIN INE273D01019
Name of company Aarvee Denims & Exports Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 14-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-Aug-2025   15:30:00
End date and time of board meeting 14-Aug-2025   16:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(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
(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.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(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?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
N.A



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-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated 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 -5520000
Other income 68248000
Total income 62728000
2 Expenses
(a) Cost of materials consumed 0
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -56043000
(d) Employee benefit expense 10916000
(e) Finance costs 14268000
(f) Depreciation, depletion and amortisation expense 9957000
(f) Other Expenses
1 Other Expenses 50771000 50771000
Total other expenses 50771000
Total expenses 29869000
3 Total profit before exceptional items and tax 32859000
4 Exceptional items 0
5 Total profit before tax 32859000
6 Tax expense
7 Current tax 0
8 Deferred tax -221948000
9 Total tax expenses -221948000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 254807000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 254807000
17 Other comprehensive income net of taxes 0
18 Total Comprehensive Income for the period 254807000
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 257643000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 9.89
Diluted earnings (loss) per share from continuing operations 9.89
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 9.89
Diluted earnings (loss) per share from continuing and discontinued operations 9.89
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1 The unaudited Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the company at their meeting held on August 14 2025 These unaudited standalone financial results have been reviewed by the statutory auditors of the company The statutory auditors have expressed an unmodified opinion n n2 The above unaudited Standalone Financial Results have been prepared in accordance with the guidelines issued by the Securities and Exchange Board of India SEBI and the Indian Accounting Standards Ind AS prescribed under Section 133 of the Companies Act 2013 n n3 The Company has a balance of MAT credit of Rs 1357 Crores Approx as on 01042024 and Mat credit aggregating to Rs 554 crores Approx were lapsed and hence written off in the books of accounts during the FY 202425 Based on the future projections of profitability and tax liabilities computed in accordance with the provisions of Income Tax Act 1961 the management of the company believes that there shall be sufficient future taxable profit and the company shall be required to pay normal taxes within the period specified under section 115JAA of the Income Tax Act and amount of Rs 600 Crores Approx MAT credit shall be setoff utilized and MAT credit of Rs 201 Crores Approx will be lapsed The company is continuing with the balance of MAT credit of Rs 60 Crores recognized up to June 30 2025 Therefore in accordance with the Guidance Note on Minimum Alternate Tax under the Income Tax Act 1961 issued by the Institute of Chartered Accountants of India such MAT credit has been continued to be recognized as asset n n4 The previous periods years figures have been regrouped and rearranged where necessary to make them comparable to current period year figures n n5 The period ends various stocks have been physically verified valued and certified by the management and no material discrepancies were observed between book stock and physical stock Auditors have relied upon and accepted the same n n6 The Company has Net Asset block of Noncurrent Assets Held for Sale aggregating to Rs 337113 Lakhs as on 31st March 2025 and subsequently during the quarter ended 30062025 assets of Net Block Rs 18904 Lakh has been reduced from the block Also during the quarter ended on 30062025 company does not have any production of finished goods The details regarding the going concern and revival plan have been explained by the management as under nThe Company and the promoters promoter group shareholders have executed a Share Purchase Agreement SPA on 05092024 with the Acquirer Mr Jaimin Kailash Gupta and PAC Mr Tarachand Gangasahay Agrawal and Qmin Industries Limited for sale of the entire shareholding held by the promoters promoter group of 14266303 equity shares of the Company constituting around 6081 of the share capital of the Company for an aggregate consideration of Rs 3582 crores Further the Asset Monetization and Debt Reduction Plan as per SPA is such that post implementation of the said plan the Company would have one unit namely Narol unit out of three units as mentioned in the sale purchase agreement SPA The Narol unit has facility from Yarn warping sizing dying weaving and finishing denim non denim fabrics Therefore upon completion of the conditions precedent and the transfer of shares by the existing Promoters and Promoters Group to the Acquirer and PACs Proposed New Management as mentioned in SPA the Narol unit with production facilities being remaining in the company will be utilized by the proposed New Management In view of the same the company will remain going concern in the New Management Further The Company has successfully repaid all outstanding bank loans in full as on 03062025 and is now a bank debtfree n n7 The company has approved the execution of the share purchase agreement on 5th September 2024 for selling of 142 crores shares from promoters and promoters group at 2511 per share to Mr Jaimin Gupta Acquirer along with Mr Tarachand Gangasahay Agrawal and Qmin Industries Limited PACs Accordingly in the Board Meeting held on 05th July 2025 the Board approved the transfer of entire balance shareholding of Promoters and Promoters Group to Acquirer and PACs and consequently change of management was also approved in the same Board Meeting Therefore there will be change in management from 5th July 2025 n n8 During the quarter ended 30th June 2025 the company has written off furniture and fixtures Electric installation and other miscellaneous items having value of gross block aggregating to Rs 8043 Lacs Approx along with building due to dismantling of the building structures on the land which is sold to the buyers n n9 The company has got the approval from members for preferential allotment of 3713044 Equity Shares having face value Rs 10 and premium Rs 12466 per share through special resolution passed on 1st March 2025 The same has been approved by NSE and BSE on 23rd April 2025 and 6th May 2025 respectively n n10 As per requirements of Regulation 33 of the Securities and Exchange Board of India the Company is required to publish financial results Investors can view the unaudited standalone financial results of the company for the quarter ended June 30 2025 on the companys website wwwaarveedenimscom or on wwwbseindiacom and wwwnseindiacom of the website of Bombay Stock Exchange BSE and National Stock Exchange NSE respectively



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


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-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Textile -5520000 -5520000
2 Power Generation - Wind Farm 0 0
Total Segment Revenue -5520000
Less: Inter segment revenue 0 0
Revenue from operations -5520000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Textile 47128000 47128000
2 Power Generation - Wind Farm 0 0
Total Profit before tax 47128000
i. Finance cost 14268000 14268000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 32860000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Textile 2133283000 2133283000
2 Power Generation - Wind Farm 0 0
Total Segment Asset 2133283000 2133283000
Un-allocable Assets 0 0
Net Segment Asset 2133283000 2133283000
4 Segment Liabilities
Segment Liabilities
1 Textile 1210726000 1210726000
2 Power Generation - Wind Farm 0 0
Total Segment Liabilities 1210726000 1210726000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1210726000 1210726000
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-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated 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





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 17-May-2025
Amount Raised 31032922174000
Report filed for Quarter ended 30-Jun-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details
Name of signatory Jaimin Kailash Gupta
Designation of person Managing Director
Place Ahmedabad
Date 14-Aug-2025