Integrated Filing — IndAS

General information about company
Scrip Code	502937
NSE Symbol	KESORAMIND
MSEI Symbol	NOTLISTED
ISIN	INE087A01019
Name of company	KESORAM INDUSTRIES 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	25-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	17-Apr-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	Unaudited
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	Other
Start date and time of board meeting	25-Apr-2025   14:00:00
End date and time of board meeting	25-Apr-2025   16:30:00
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	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-16
Indicate Company website link for updated RPT policy of the Company	https://www.kesocorp.com/DOCS/pdf/mgc/related-party-transactions-policy.pdf
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
No default on Loan and Debt Securities

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	Unaudited	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	0	0
	Other income	90000000	238100000
	Total income	90000000	238100000
2	Expenses
(a)	Cost of materials consumed	0	0
(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	18500000	79600000
(e)	Finance costs	0	0
(f)	Depreciation, depletion and amortisation expense	85300000	105300000
(f)	Other Expenses
1	Other Expenses	284900000	400200000
	Total other expenses	284900000	400200000
	Total expenses	388700000	585100000
3	Total profit before exceptional items and tax	-298700000	-347000000
4	Exceptional items	-1262500000	-1900000000
5	Total profit before tax	-1561200000	-2247000000
6	Tax expense
7	Current tax	0	-1100000
8	Deferred tax	-67200000	195300000
9	Total tax expenses	-67200000	194200000
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	-1494000000	-2441200000
12	Profit (loss) from discontinued operations before tax	57879300000	56756300000
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	57879300000	56756300000
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	56385300000	54315100000
17	Other comprehensive income net of taxes	-49700000	-2700000
18	Total Comprehensive Income for the period	56335600000	54312400000
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	3106600000	3106600000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		2342200000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-4.81	-7.86
	Diluted earnings (loss) per share from continuing operations	-4.81	-7.86
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	186.31	182.7
	Diluted earnings (loss) per share from discontinued operations	186.31	182.7
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	181.5	174.84
	Diluted earnings (loss) per share from continuing and discontinued operations	181.5	174.84
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.tThe Company has carried out an impairment analysis in respect of its Investment in its wholly owned subsidiary, Cygnet Industries Limited during the current year and previous year. Accordingly, a provision of 190 Crore and 15.22 Crore was recognised and presented as an Exceptional item in the Standalone Statement of Profit and Loss for the period ended March 31, 2025 and March 31, 2024 respectively. n2.tDuring the previous year, the Board of Directors (the Board) of the Company at its meeting held on, November 30, 2023 had approved a Scheme of Arrangement (the Scheme) under Sections 230-232 of the Companies Act, 2013 between Kesoram Industries Limited (Company) and UltraTech Cement Limited (the Resulting Company) with the Appointed Date being April 01, 2024. The Scheme involves demerger of the cement business (demerged undertaking) from the Company. The Hon'ble National Company Law Tribunal, Kolkata Bench and Mumbai Bench (collectively referred as Honble Tribunal) has sanctioned the Scheme on November 14, 2024 and November 26, 2024 respectively. After completion of all Conditions Precedent as mentioned in Clause 21 of the Scheme, March 01, 2025 was decided as the effective date by the Company and the Resulting Company. Pursuant to the Scheme coming into effect, with effect from the Appointed date being April 01, 2024, the Cement business is demerged from the Company and transferred to and vested in the Resulting Company. n nAccordingly, the Company has recognised the effect of demerger as per the Accounting treatment mentioned in para 10.1 of the approved scheme and transferred all assets and liabilities pertaining to the Demerged Undertaking as on the Effective Date at the values appearing in its books of account immediately before the Effective Date and correspondingly reduce from its books of account. The Company has debited the fair value of the aforesaid assets and liabilities to the general reserve/ retained earnings representing distribution of non-current assets to its shareholders. The difference in book value and fair value, as mentioned above, is recognised in the statement of profit and loss. The operations of the Cement business have been re-presented for all previous periods as discontinued operations. na) Analysis of assets and liabilities pertaining to demerged undertaking / discontinued operations: nParticulars ttAs at n28-Feb-25tAs at n31-Mar-24 nGroup of assets for discontinued operationstt 2,330.37 t 2,493.21 nLiabilities associated with group of assets for discontinued operationst 3,138.56 t 2,965.64 nMajor classes of assets and liabilities for discontinued operations tt nProperty, plant and equipmenttt 979.86 t 1,037.65 nRight of use assetstt 64.63 t 61.61 nCapital work-in-progress and other intangible assetstt 43.24 t 28.76 nOther financial assetstt 441.79 t 672.36 nInventoriestt 290.02 t 238.33 nOther assetstt 510.83 t 454.50 nTotal assetstt 2,330.37 t 2,493.21 nFinancial liabilitiestt 2,982.34 t 2,806.71 nEmployee liabilities and provisionstt 45.47 t 40.70 nOther liabilitiestt 110.75 t 118.23 nTotal liabilitiestt 3,138.56 t 2,965.64 nNet liabilitiestt (808.19)t (472.43) n nb) Analysis of loss from demerged undertaking / discontinued operations:tt nParticulars ttFor the Period nended n28-Feb-25tFor the Period nended n31-Mar-24 nIncome ttt nRevenue and other incomett 2,931.59 t 3,761.58 nExpensett 3,193.51 t 3,960.29 nLoss before tax tt (261.92)t (198.71) nTax expense and OCItt (41.20)t 103.29 nLoss after tax tt (220.72)t (302.00) n nc) Gain on demerger / (loss) from discontinued operationstt nParticulars tttFor the Period nended n28-Feb-25 nFair value of net assets transferredttt 5,203.62 nAdjustments for:ttt nNet liabilitiestt (808.19)t nLoss after tax of demerged undertaking / discontinued operationst 220.72 t nNet working capital movement for the period 01-04-2024 to 28-02-2025t 115.46 t nTotal Adjustments ttt (472.01) nGain on demerger ttt 5,675.63 n n3.tShare of profit or loss, from the joint venture (Gondkhari Coal Mining Limited) is Nil for all the periods presented in consolidated financial results.ttt n4.tThe audited financial results for the quarter and year ended March 31, 2025 (the financial results) comprise the standalone results of Kesoram Industries Limited (the Company) and the consolidated results of the Company including its subsidiary (collectively referred to as the Group) and joint venture. These financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act 2013 (the Act) read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended).ttt n5.tThe audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and recommended for adoption to the Board of Directors. The Board has considered and approved the same at its meeting held on April 25, 2025.The standalone and consolidated financial results have been subjected to audit by the statutory auditors of the Company as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).The statutory auditors have expressed an unmodified opinion on these audited standalone and consolidated financial results.ttt n6.tThe standalone and consolidated financial results for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures upto the end of the third quarter of the respective relevant financial year, which were subject to limited review.ttt n

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	1772900000
	Capital work-in-progress	0
	Investment property	1010000000
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	563700000
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	2136900000
	Other non-current financial assets	445100000
	Total non-current financial assets	2582000000
	Deferred tax assets (net)	0
	Other non-current assets	0
	Total non-current assets	5928600000
2	Current assets
	Inventories	150200000
	Current financial asset
	Current investments	0
	Trade receivables, current	0
	Cash and cash equivalents	86900000
	Bank balance other than cash and cash equivalents	11900000
	Loans, current	0
	Other current financial assets	95100000
	Total current financial assets	193900000
	Current tax assets (net)	55800000
	Other current assets	77600000
	Total current assets	477500000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	6406100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	3106600000
	Other equity	2343200000
	Total equity attributable to owners of parent	5449800000
	Non controlling interest
	Total equity	5449800000
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
	Total non-current financial liabilities	0
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	0
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, 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	17800000
	Total Trade payable	17800000
	Other current financial liabilities	918500000
	Total current financial liabilities	936300000
	Other current liabilities	8500000
	Provisions, current	11500000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	956300000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	956300000
	Total equity and liabilites	6406100000
	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		Unaudited	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	Unaudited	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	Remeasurement of post-employment benefit plans	-300000	-300000
2	Fair value changes of investments in equity shares	-82800000	-82800000
	Total Amount of items that will not be reclassified to profit and loss	-83100000	-83100000
2	Income tax relating to items that will not be reclassified to profit or loss	-33400000	-80400000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-49700000	-2700000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
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.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-2247000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			0
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			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			-127200000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			873400000
	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			105300000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			1900000000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			150800000
	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)			-78400000
	Other adjustments for non-cash items			-700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2823200000
	Net cash flows from (used in) operations			576200000
	Dividends received			-200000
	Interest paid			0
	Interest received			-116300000
	Income taxes paid (refund)			-46600000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			506300000
	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			157100000
	Other cash payments to acquire equity or debt instruments of other entities			150000000
	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			84400000
	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			200000
	Interest received			52700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-733700000
	Net cash flows from (used in) investing activities	-589400000
	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			0
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			0
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-83100000
	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			-83100000
	Cash and cash equivalents cash flow statement at beginning of period			170000000
	Cash and cash equivalents cash flow statement at end of period			86900000