| Scrip Code | 517571 |
|---|---|
| NSE Symbol | INDLMETER |
| MSEI Symbol | NOTLISTED |
| ISIN | INE065B01013 |
| Name of company | IMP POWERS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 26-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 21-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| 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 | Electrical products like power & distrubution transformer, spares & hydeo project |
| Start date and time of board meeting | 26-05-2026 17:00:00 |
| End date and time of board meeting | 26-05-2026 18:30:00 |
| 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 |
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 2,881.75 | 3,138.20 | |
| Other income | 275.98 | 544.47 | |
| Total income | 3,157.73 | 3,682.67 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 2,407.27 | 4,124.01 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (463.08) | (2,037.29) |
| (d) | Employee benefit expense | 211.01 | 592.47 |
| (e) | Finance costs | 46.03 | 98.93 |
| (f) | Depreciation, depletion and amortisation expense | 108.14 | 436.98 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 204.61 | 456.47 |
| Total other expenses | 204.61 | 456.47 | |
| Total expenses | 2,513.98 | 3,671.57 | |
| 3 | Total profit before exceptional items and tax | 643.75 | 11.10 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 643.75 | 11.10 |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 643.75 | 11.10 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 643.75 | 11.10 |
| 17 | Other comprehensive income net of taxes | (5.20) | (2.60) |
| 18 | Total Comprehensive Income for the period | 638.55 | 8.50 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 643.90 | 11.67 | |
| Total profit or loss, attributable to non-controlling interests | (0.15) | (0.57) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | (5.20) | (2.60) | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 863.66 | 863.66 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 0.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 7.46 | 0.14 | |
| Diluted earnings (loss) per share from continuing operations | 7.46 | 0.14 | |
| 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 | 7.46 | 0.14 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 7.46 | 0.14 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | The results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (“the Act”). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfuly bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankkruptcy board of India (Liqudation process) regulation 2016 which has been disclosed under the other current liabilities. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 4,124.27 | |
| Capital work-in-progress | ||
| Investment property | ||
| Goodwill | 23.76 | |
| Other intangible assets | 38.39 | |
| Intangible assets under development | ||
| Biological assets other than bearer plants | ||
| Investments accounted for using equity method | ||
| Non-current financial assets | ||
| Non-current investments | 0.02 | |
| Trade receivables, non-current | ||
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| Total of other non-current financial assets | ||
| Total non-current financial assets | 0.02 | |
| Deferred tax assets (net) | 13.02 | |
| Other non-current assets | ||
| 1 | Other Non-current Assets | 37.18 |
| 2 | Right of use Assets | 80.99 |
| Total of other non-current assets | 118.17 | |
| Total non-current assets | 4,317.63 | |
| 2 | Current assets | |
| Inventories | 3,764.41 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 3,985.73 | |
| Cash and cash equivalents | 96.21 | |
| Bank balance other than cash and cash equivalents | 7,884.84 | |
| Loans, current | 2,106.63 | |
| Other current financial assets | ||
| Total of other current financial assets | 1,840.21 | |
| Total current financial assets | 15,913.62 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Other Current Assets | 2,293.48 |
| 2 | Assets held-for sale | 280.60 |
| Total of other current assets | 2,574.08 | |
| Total current assets | 22,252.11 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 26,569.74 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 863.88 | |
| Other equity | (27,944.64) | |
| Total equity attributable to owners of parent | (27,080.76) | |
| Non controlling interest | (7.30) | |
| Total equity | (27,088.06) | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| 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 | ||
| 1 | Lease Liability | 45.61 |
| Total of other non-current financial liabilities | 45.61 | |
| Total non-current financial liabilities | 45.61 | |
| Provisions, non-current | 173.71 | |
| Deferred tax liabilities (net) | ||
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 219.32 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 25,728.80 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 270.56 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 9,343.04 | |
| Total Trade payable | 9,613.60 | |
| Other current financial liabilities | ||
| 1 | Lease Liabilities | 42.00 |
| 2 | Other Financial Liabilities | 9,663.48 |
| Total of other current financial liabilities | 9,705.48 | |
| Total current financial liabilities | 45,047.88 | |
| Other current liabilities | 8,337.36 | |
| 1 | Other Current Liabilities | 8,337.36 |
| Total of other current liabilities | 8,337.36 | |
| Provisions, current | 53.24 | |
| Current tax liabilities (Net) | ||
| Deferred government grants, Current | ||
| Total current liabilities | 53,438.48 | |
| 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 | 53,657.80 | |
| Total equity and liabilites | 26,569.74 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 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 | |||||||
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Other Comprehensive Income not reclassified into Profit & Loss account | (5.20) | (2.60) |
| Total Amount of items that will not be reclassified to profit and loss | (5.20) | (2.60) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (5.20) | (2.60) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 11.10 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 0.00 | |||||
| Adjustments for decrease (increase) in inventories | (2,639.07) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (1,864.91) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (1,873.69) | |||||
| Adjustments for decrease (increase) in other non-current assets | (2.30) | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 3,058.86 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 3,391.61 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 436.98 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | (8.57) | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 45.61 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 0.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 544.52 | |||||
| Net cash flows from (used in) operations | 555.62 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | (98.93) | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (2.60) | |||||
| Net cash flows from (used in) operating activities | 651.95 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 0.00 | |||||
| Purchase of property, plant and equipment | 742.96 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (742.96) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 42.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 98.93 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (56.93) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (147.94) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (147.94) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 244.15 | |||||
| Cash and cash equivalents cash flow statement at end of period | 96.21 | |||||
| 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 | BJS & Assocites | Yes | 30-06-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 3,682.67 | 0.00 |
| 2 | Total Expenditure | 3,673.60 | 0.00 |
| 3 | Net Profit/(Loss) | 9.06 | 0.00 |
| 4 | Earnings Per Share | 0.14 | 0 |
| 5 | Total Assets | 26,569.74 | 0.00 |
| 6 | Total Liabilities | 53,657.80 | 0.00 |
| 7 | Net Worth | (27,088.06) | 0.00 |
| 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 | Since how long continuing | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Since how long continuing | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Since how long continuing | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Since how long continuing | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Qualified opinion | Since how long continuing | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Qualified opinion | Since how long continuing | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| 7 | Textual Information(31) | Qualified opinion | Since how long continuing | Textual Information(32) | Textual Information(33) | Textual Information(34) | Textual Information(35) |
| Textual Information(1) | Qualification regarding pending reconciliation, confirmation on Trade Receivables and Expected Credit loss for Trade Receivables |
|---|---|
| Textual Information(2) | Not Applicable |
| Textual Information(3) | Not Applicable |
| Textual Information(4) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(5) | As at 31 March 2026, the Company has disclosed gross trade receivables amounting to Rs. 39.86 Crore, Substantial portion of these receivables are outstanding since prior to commencement of the Corporate Insolvency Resolution Process (CIRP) and continue to remain outstanding for more than three years. The Group has not recognised expected credit loss (ECL) against such receivables. Considering the age of such receivables and absence of adequate evidence supporting recoverability of these balances, the carrying value of such trade receivables may not be in accordance with the expected credit loss requirements of Indian Accounting Standard (Ind AS) 109 Financial Instruments. Consequently, trade receivables may be overstated and loss for the period and accumulated losses may be understated to that extent. The impact of the same has not been determined. |
| Textual Information(6) | Qualification regarding bank balance and other current assets |
| Textual Information(7) | Not Applicable |
| Textual Information(8) | Not Applicable |
| Textual Information(9) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(10) | As at 31 March 2026, the Group has disclosed balances aggregating to Rs. 0.95 Crore under bank balances and 22.93 Crore under other current assets, which inter alia include balances in current accounts, interest accrued/receivable, EMD / margin money, other deposits and balances with government authorities. A substantial portion of these balances pertains to periods prior to commencement of the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation process, and the Group has not been able to provide independent balance confirmations and adequate supporting documentation in respect of such balances. Further, certain balances are old and remain unreconciled. Accordingly, the recoverability and carrying value of such balances could not be adequately substantiated and consequential adjustments, if any, required to the carrying value of such balances and corresponding impact on the financial statements have not been determined. n n |
| Textual Information(11) | Qualification regarding impairment of Property, plant and equipment |
| Textual Information(12) | Not Applicable |
| Textual Information(13) | Not Applicable |
| Textual Information(14) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(15) | he Group has not carried out impairment assessment of its assets as at 31 March 2026 despite prolonged suspension of production activities pursuant to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation process. Accordingly, the Group has not assessed whether the carrying amount of such assets exceeds their recoverable amount and whether any impairment loss is required to be recognised in the financial statements in accordance with Indian Accounting Standard (Ind AS) 36 Impairment of Assets. Consequently, we are unable to determine the impact, if any, of impairment adjustment required in respect of such assets on the financial statements. |
| Textual Information(16) | Qualification regarding final decision and outcometof final Distribution order |
| Textual Information(17) | Not Applicable |
| Textual Information(18) | Not Applicable |
| Textual Information(19) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(20) | After conclusion of E-Auction proceedings and on payment of 78 Crore (Amount of bid), liquidator issued Sale certificate for holding company to successful bidders (namely Electrify Energy Pvt Ltd in Consortium with Mr. Rakesh R Shah). Honble NCLT awarded necessary Relief & Concession by way Of Separate Order to Successful Auction Purchaser and New management on 5/11/2024. However, said orders were challenged by STCI Finance Limited against Honble NCLAT. Honble NCLAT has issued order against said appeal dismissing all appeals and empowering Honble NCLT (Adjudicating Authority) to decide on distribution of sale proceeds. The said order is challenged by STCI Finance Limited in Honble Supreme court. Due to pendency of final distribution order from authority quantifying amount to be paid to secured financial creditors and other unsecured financial creditors/operational creditors including workmen, group has not been able to give appropriate accounting treatment of write back/write off of these dues in books of accounts |
| Textual Information(21) | Qualification regarding reconciliation of direct/Indirect tax related balances. |
| Textual Information(22) | Not Applicable |
| Textual Information(23) | Not Applicable |
| Textual Information(24) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(25) | The Group has not recognised deferred tax expense/income and corresponding deferred tax liability / asset arising from temporary differences as required under Indian Accounting Standard (Ind AS) 12 - Income Taxes. Consequently, tax expense for the period and the related deferred tax balances may require adjustment. The impact of the same on the financial statements has not been determined. |
| Textual Information(26) | Qualification regarding non compliance of Ind AS 12 |
| Textual Information(27) | Not Applicable |
| Textual Information(28) | Not Applicable |
| Textual Information(29) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(30) | The Group has not recognised deferred tax expense/income and corresponding deferred tax liability / asset arising from temporary differences as required under Indian Accounting Standard (Ind AS) 12 - Income Taxes. Consequently, tax expense for the period and the related deferred tax balances may require adjustment. The impact of the same on the financial statements has not been determined. |
| Textual Information(31) | Qualification regarding non compliance of Ind AS 19 |
| Textual Information(32) | Not Applicable |
| Textual Information(33) | Not Applicable |
| Textual Information(34) | The results of the Group have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (the Act). The results are prepared on going concern assumptions considering the fact that the company has received Rs. 78 Cr. from successfully bidder for sale of company as a going concern as per regulation 32(e) of the insolvency and Bankruptcy board of India (Liquidation process) regulation 2016. Subsequent to completion of E-auction proceedings and obtention of control over operations, the immediate priority was revival and stabilization of business operations and recommencement of production activities. Accordingly, detailed verification, reconciliation and assessment of assets, trade receivables, statutory balances and other historical balances inherited from the pre-resolution period are currently under progress. The Company is undertaking necessary verification procedures, obtaining supporting records and confirmations, and reconciling balances wherever required. Appropriate accounting treatment and consequential adjustments, if any, arising from such verification and reconciliation process shall be considered and recorded upon completion of the exercise and receipt of the final distribution order / closure documentation from the concerned authority, to the extent applicable. |
| Textual Information(35) | The Group has not carried out actuarial valuation of employee benefit obligations relating to gratuity and leave encashment as at 31 March 2026. In accordance with the requirements of Indian Accounting Standard (Ind AS) 19 Employee Benefits, obligations in respect of defined benefit plans for post-employment benefits and other long-term employee benefits are required to be measured using actuarial valuation techniques based on the projected unit credit method. In absence of such valuation, we were unable to determine the amount of employee benefit obligations, related employee benefit expense, remeasurement effects and deferred tax impact, if any, required to be recognised and disclosed in the financial statements. Consequently, we are unable to determine the impact thereof on the financial results and financial position of the Company |
| Name of CEO / Managing director | Naveen Singh |
|---|---|
| Name of CFO | MAHENDRA KISHANLAL PRAJAPATI |
| Name of audit committee chairman | Mr. Maheshwar Sahu |
| Name of statutory auditor | CA Apurv Shah |
| Name of other signatory, if any, with designation | SHAISHAV RAKESHKUMAR SHAH |
| Place | Ahmedabad |
| Date | 26-05-2026 |