Integrated Filing — IndAS

General information about company
Scrip Code	532716
NSE Symbol	GILLANDERS
MSEI Symbol	NOTLISTED
ISIN	INE047B01011
Name of company	GILLANDERS ARBUTHNOT & COMPANY 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	09-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	28-Apr-2025
Description of presentation currency	INR (in Actuals)
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	Multi segment
Description of single segment
Start date and time of board meeting	09-May-2025   11:30:00
End date and time of board meeting	09-May-2025   13:47:00
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

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	Consolidated	Consolidated
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	1039378000	4431789000
	Other income	40763000	105431000
	Total income	1080141000	4537220000
2	Expenses
(a)	Cost of materials consumed	107485000	509928000
(b)	Purchases of stock-in-trade	318245000	934212000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-9266000	52579000
(d)	Employee benefit expense	283502000	1278863000
(e)	Finance costs	31022000	123528000
(f)	Depreciation, depletion and amortisation expense	26075000	108651000
(f)	Other Expenses
1	Power and fuel	69091000	337375000
2	Jobs on contract	47605000	181669000
3	Other Expenses	243556000	880171000
	Total other expenses	360252000	1399215000
	Total expenses	1117315000	4406976000
3	Total profit before exceptional items and tax	-37174000	130244000
4	Exceptional items	-872000	119531000
5	Total profit before tax	-38046000	249775000
6	Tax expense
7	Current tax	-18882000	23660000
8	Deferred tax	-39551000	-41097000
9	Total tax expenses	-58433000	-17437000
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	20387000	267212000
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	20387000	267212000
17	Other comprehensive income net of taxes	5006000	10076000
18	Total Comprehensive Income for the period	25393000	277288000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	25393000	277288000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	213423000	213423000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		2238395000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.96	12.52
	Diluted earnings (loss) per share from continuing operations	0.96	12.52
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	0.96	12.52
	Diluted earnings (loss) per share from continuing and discontinued operations	0.96	12.52
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above Audited Consolidated Financial Results were reviewed by the Audit Committee, and subsequently approved by the Board of Directors at their respective meetings held on 9th May 2025.tttttttttt n2. The Board of Directors of the Holding Company has recommended payment of dividend on the 7.75 per cent Cumulative Redeemable Preference Shares of the company for financial years 2016-17 and 2017-18, subject to approval by the members of the company.ttttt ntttttt n3. The figures for the last quarter of the current year and of the previous year are the balancing figures in respect of the full financial year ended 31st March and the unaudited published year to date figure up to third quarter ended 31st December, which were subjected to Limited review. tttttttttt n4. Pursuant to the approval from the Board of Directors of the Holding Company, during the quarter ended 30th September 2024, the Holding Company has invested USD 8,00,000 by subscribing to 8,88,889 fully paid Ordinary Shares of USD 0.90 per share of Gillanders Holdings , Mauritius Limited, Mauritius a wholly owned foreign subsidiary of the Holding company.ttttt ntttttt n5. The Holding Company used to account for gratuity liability for its employees employed at Tea estates in Assam in the books of accounts based on actuarial valuation. From the current year, the Company has opted for Assam Gratuity Fund Scheme notified under The Assam Gratuity Act, 1992 for the said employees and contribution is now payable towards past liabilities or monthly contribution at the rates specified in the above mentioned scheme. The Company has received orders from Assam Tea Employees Provident Fund Organisation for the assessment of gratuity liability in respect of all gardens during the year ended March 2025. The excess provision of Rs 1195.31 Lakhs being the difference between the contribution ascertained under the Act and liabilities earlier provided based on the actuarial valuation till 31st March 2024 has been written back in the books of accounts during the year ended March 25 which is disclosed as Exceptional Item.tttttttttt n6. The 91st Annual General Meeting of the Holding company will be held on Friday, 27th June, 2025 through Video Conferencing / Other Audio Visual Means VC OAVM Facility. tttttttttt n7. The register of Members and Share Transfer Books of the holding Company shall remain closed from Saturday, 21st June, 2025 to Friday, 27th June 2025 , both days inclusive, for the purpose of 91st Annual General Meeting.ttttt 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2561042000
	Capital work-in-progress	127875000
	Investment property	0
	Goodwill	0
	Other intangible assets	1869000
	Intangible assets under development	0
	Biological assets other than bearer plants	191091000
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	163000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	283127000
	Total non-current financial assets	283290000
	Deferred tax assets (net)	48994000
	Other non-current assets	9664000
	Total non-current assets	3223825000
2	Current assets
	Inventories	921823000
	Current financial asset
	Current investments	0
	Trade receivables, current	618285000
	Cash and cash equivalents	6110000
	Bank balance other than cash and cash equivalents	2285000
	Loans, current	804000
	Other current financial assets	175783000
	Total current financial assets	803267000
	Current tax assets (net)	0
	Other current assets	195580000
	Total current assets	1920670000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	5144495000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	213423000
	Other equity	2238395000
	Total equity attributable to owners of parent	2451818000
	Non controlling interest	0
	Total equity	2451818000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	261479000
	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	118683000
	Total non-current financial liabilities	380162000
	Provisions, non-current	118093000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	498255000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1128674000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	82537000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	449502000
	Total Trade payable	532039000
	Other current financial liabilities	359662000
	Total current financial liabilities	2020375000
	Other current liabilities	129369000
	Provisions, current	44678000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	2194422000
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	2692677000
	Total equity and liabilites	5144495000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	TEA	411715000	2076636000
2	ENGINEERING (MICCO)	466056000	1294710000
3	TEXTILES	139890000	962778000
4	PROPERTY	23015000	102857000
5	UNALLOCATED	0	0
	Total Segment Revenue	1040676000	4436981000
	Less: Inter segment revenue	1298000	1298000
	Revenue from operations	1039378000	4431789000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	TEA	-63304000	120793000
2	ENGINEERING (MICCO)	48570000	101583000
3	TEXTILES	-6260000	-34595000
4	PROPERTY	13275000	55422000
5	UNALLOCATED	0	0
	Total Profit before tax	-7719000	243203000
	i. Finance cost	31022000	31022000
	ii. Other Unallocable Expenditure net off Unallocable income	-695000	-695000
	Profit before tax	-38046000	249775000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	TEA	1930273000	1930273000
2	ENGINEERING (MICCO)	1279127000	1279127000
3	TEXTILES	1063570000	1063570000
4	PROPERTY	797657000	797657000
5	UNALLOCATED	73868000	73868000
	Total Segment Asset	5144495000	5144495000
	Un-allocable Assets	0	0
	Net Segment Asset	5144495000	5144495000
4	Segment Liabilities
	Segment Liabilities
1	TEA	393830000	393830000
2	ENGINEERING (MICCO)	484148000	484148000
3	TEXTILES	277566000	277566000
4	PROPERTY	41415000	41415000
5	UNALLOCATED	1495718000	1495718000
	Total Segment Liabilities	2692677000	2692677000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	2692677000	2692677000
	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	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of the defined benefit plans	3891000	8316000
	Total Amount of items that will not be reclassified to profit and loss	3891000	8316000
2	Income tax relating to items that will not be reclassified to profit or loss	1360000	2906000
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	-2475000	-4666000
5	Total Other comprehensive income	5006000	10076000

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			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			249775000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			123528000
	Adjustments for decrease (increase) in inventories			11300000
	Adjustments for decrease (increase) in trade receivables, current			-458176000
	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			118522000
	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			108651000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			34639000
	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			17948000
	Adjustments for dividend income			0
	Adjustments for interest income			5420000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-388000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-5169000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-165060000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-219625000
	Net cash flows from (used in) operations			30150000
	Dividends received			0
	Interest paid			0
	Interest received			3962000
	Income taxes paid (refund)			-42887000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			76999000
	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			-1106000
	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			12224000
	Purchase of property, plant and equipment			80553000
	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			1954000
	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			-346000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-65615000
	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			71919000
	Repayments of borrowings			-21629000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			122709000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-29161000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-17777000
	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			-17777000
	Cash and cash equivalents cash flow statement at beginning of period			23887000
	Cash and cash equivalents cash flow statement at end of period			6110000