Integrated Filing — IndAS

General information about company
Scrip Code	500128
NSE Symbol	ELECTCAST
MSEI Symbol	NA
ISIN	INE086A01029
Name of company	ELECTROSTEEL CASTINGS 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	10-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	02-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	The company operates mainly in one business segment viz. Pipes and all other activities revolve around the main business.
Start date and time of board meeting	10-May-2025   11:30:00
End date and time of board meeting	10-May-2025   15:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2022-02-14
Indicate Company website link for updated RPT policy of the Company	www.electrosteel.com
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?	Yes

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	15625535000	67458828000
	Other income	381597000	939258000
	Total income	16007132000	68398086000
2	Expenses
(a)	Cost of materials consumed	8738449000	36443045000
(b)	Purchases of stock-in-trade	0	391000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-770790000	-2001777000
(d)	Employee benefit expense	1131899000	4360761000
(e)	Finance costs	305878000	1418144000
(f)	Depreciation, depletion and amortisation expense	330407000	1274728000
(f)	Other Expenses
1	Other Expenses	4777675000	18435614000
	Total other expenses	4777675000	18435614000
	Total expenses	14513518000	59930906000
3	Total profit before exceptional items and tax	1493614000	8467180000
4	Exceptional items	0	0
5	Total profit before tax	1493614000	8467180000
6	Tax expense
7	Current tax	304233000	2086300000
8	Deferred tax	-718114000	-740352000
9	Total tax expenses	-413881000	1345948000
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	1907495000	7121232000
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	1907495000	7121232000
17	Other comprehensive income net of taxes	-14993000	-112113000
18	Total Comprehensive Income for the period	1892502000	7009119000
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	618184000	618184000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		55753521000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	3.09	11.52
	Diluted earnings (loss) per share from continuing operations	3.09	11.52
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	3.09	11.52
	Diluted earnings (loss) per share from continuing and discontinued operations	3.09	11.52
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1tThe above Audited Standalone Financial Results for the quarter and year ended March 31 2025 hereinafter referred to as Financial Results includes Statement of Assets and Liabilities as at March 31 2025 Annexure I and Statement of Cash Flows for the year ended March 31 2025 Annexure II attached herewith which have been compiled keeping in view the provision of Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended These financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 10 2025 and have been Audited by the Statutory Auditors n n2tThe Company operates mainly in one business segment viz Pipes and fittings and all other activities revolve around the main business n n3tIn pursuance of the Order dated September 24 2014 issued by the Honble Supreme Court of India the Order followed by the Ordinance promulgated by the Government of India Ministry of Law Justice legislative department dated October 21 2014 Ordinance for implementing the Order allotment of Parbatpur coal block coal blockmines to the Company which was under advanced stage of implementation had been cancelled wef April 01 2015 In terms of the Ordinance the Company was allowed to continue the operations in the said coal block till March 31 2015 Accordingly the said coal block had been handed over to Bharat Coking Coal Limited BCCL as per the direction from Coal India Limited CIL with effect from April 01 2015 and the same was thereafter allotted to Steel Authority of India Limited SAIL and pending final determination compensation of Rs 831214 lakhs was received The company also came to understand that SAIL subsequently handed over back the said coal block to the custody of BCCL n nFollowing a petition filed by the Company the Honble High Court at Delhi had pronounced its judgement on March 09 2017 Accordingly based on the said judgement the Company has so far claimed Rs15494448 lakhs towards compensation against the said coal block and acceptance of the same is awaited The Nominated Authority appointed for deciding the amount of compensation had upheld its decision of compensation already paid which was set aside by the Honble High Court with a direction to the Nominated Authority to reconsider the same The Nominated authority further passed an order dated November 11 2019 awarding an additional compensation of Rs 18000 lakhs with a further direction to redetermine the value of certain assets by the appropriate authority Subsequently a newly appointed Nominated Authority New Nominated Authority had appointed a valuer to determine the value of those specified assets as per the direction of the Nominated Authority dated November 11 2019 The company came to understand that valuation report recommending a valuation of total directhard cost for specified assets has been submitted to the New Nominated Authority Moreover the company had also earlier approached the New Nominated Authority Ministry of Coal Ministry to reconsider the compensation determined by the previous Nominated Authority for land and some other major assets and the final compensation is yet to be decided nIn the meantime JSW Steel Limited JSW had been declared as successful bidder for Parbatpur Coal Block in 16th Tranche of Auction Under Coal Mines Special Provisions Act 2015 and vesting order dated June 08 2023 was issued by the Ministry of Coal in favour of JSW JSW as being claimed by them took over the physical possession of said coal block and has therefore requested to initiate negotiations for utilization of movable property assets used in coal mining Pending determination of the amount of claim the Company has approached Honble Delhi High Court and the matter is pending as on this date The companys management is actively pursuing to revise and determine the amount of entire compensation for the coal block including mine infrastructure land and all other related assets in terms of Coal Mines Special Provisions Act 2015 read with judgement dated March 09 2017 pronounced by the Honble High Court of Delhi and is taking all the necessary legal and other steps for the same n nPending finalisation of the matter as above ni Rs12888411 lakhs incurred pertaining to the coal block till March 31 2015 after setting off income stocks etc there against as per the accounting policy then followed by the Company has been continued to be shown as freehold land capital work in progress other fixed assets and other respective heads of account nii Interest and other finance cost for the year ended March 31 2016 against the fund borrowed and other expenses directly attributable in this respect amounting to Rs 951474 lakhs have been considered as other recoverable under current assets and niii Compensation of Rs 831234 lakhs so far received and net realisationsclaims against sale of assets advances input credits etc amounting to Rs 209004 lakhs have been adjusted Bank guarantee amounting to Rs 92000 lakhs has been given against the compensation received n nNecessary disclosures and adjustments arising with respect to above and determination of resultant claim will be given effect to on final acceptancesettlement of the amount thereof n n4ta The Company holds 19796000 equity shares of Rs 10 each in ESL Steel Limited ESL out of which 17334999 equity shares of Rs 10 each amounting to Rs 431121 lakhs were pledged with the consortium of lenders of ESL lenders The notices issued by the lenders for invocation of pledge of companys investment was set aside by the Honble High Court at Kolkata in the earlier year and the companys plea for release of such pledge is pending before the said Honble High Court n nb Further in the earlier years certain land amounting to Rs 2949358 lakhs of the company situated at Elavur Tamil Naidu were mortgaged to another lender SREI Infrastructure Finance Limited SREI of ESL and SREI had subsequently assigned its right in the said property to an Asset Reconstruction Company ARC although the claims of the said lender were fully discharged by ESL as per the Resolution Plan approved by Honble National Company Law Tribunal NCLT Kolkata Subsequently the ARC had issued SARAFESI Notice and taken the symbolic possession of the said land The Company had disputed the alleged assignment of the loan by the lender and as directed by the Honble Supreme Court had filed an application before the Debt Recovery Tribunal DRT Chennai for setting aside the SARAFESI actions and release of the title deeds of the land which vide order dated April 08 2022 uploaded on April 27 2022 had been dismissed by DRT On filing the appeal before the Debt Recovery Appellate Tribunal DRAT against the order of DRT DRAT has directed the Company to deposit 50 of the SARAFESI demand ie Rs 2935504 lakhs against which revision application under Article 227 of the Indian Constitution and a Writ Application under Article 226 of Indian Constitution has been filed before Honble Madras High Court and the matter is pending before the said court n nEarlier the ARC had also filed an application before the Honble NCLT Cuttack for initiation of Corporate Insolvency and Resolution Process CIRP against the Company which had been decided in the favour of the Company vide NCLT order dated June 24 2022 the Order The said order on being challenged by ARC has been upheld by Honble National Company Law Tribunal NCLAT vide its order dated January 24 2024 and thereby the order dismissing the application of ARC by NCLT as above stands valid and effective The judgement of NCLAT has been challenged before Honble Supreme Court of India which is yet to be decided by the said court n nc Pending finalization of the matter these assets have been carried forward at their book value n n5tConsequent to the change in rate of taxation on Capital Gain and withdrawal of indexation benefit pursuant to the Finance No2 Act 2024 computation of deferred tax liability carried forward from previous year has been revised and resultant differential amounting to Rs 809817 lakhs net being no longer required has been reversed and adjusted against the tax charge for the quarter and year ended March 31 2025 n n6tSubsequent to the balance sheet date the Board of Directors has recommended a final dividend of Rs 120 per share to be paid on fully paid equity shares in respect of the financial year ended March 31 2025 This equity dividend is subject to approval by the shareholders at the ensuing Annual General Meeting and has not been included as a liability in these financial results The estimated amount of final dividend to be paid thereof amounts to Rs 741822 lakhs n n7tThe figures for the quarters ended March 31 2025 and March 31 2024 are the balancing figures between the audited figures in respect of the full financial year and the year to date figure upto the quarter ended December 31 of the respective years which were subject to limited review by the Statutory Auditors n n8tPrevious periods figures have been regroupedrearranged wherever necessary 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	29072730000
	Capital work-in-progress	12487849000
	Investment property	0
	Goodwill	0
	Other intangible assets	392886000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	1055357000
	Non-current financial assets
	Non-current investments	493275000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	6230690000
	Total non-current financial assets	6723965000
	Deferred tax assets (net)	0
	Other non-current assets	129013000
	Total non-current assets	49861800000
2	Current assets
	Inventories	18838701000
	Current financial asset
	Current investments	958803000
	Trade receivables, current	17124194000
	Cash and cash equivalents	1100504000
	Bank balance other than cash and cash equivalents	382776000
	Loans, current	0
	Other current financial assets	1946118000
	Total current financial assets	21512395000
	Current tax assets (net)	0
	Other current assets	1390029000
	Total current assets	41741125000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	91602925000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	618184000
	Other equity	55753521000
	Total equity attributable to owners of parent	56371705000
	Non controlling interest
	Total equity	56371705000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1911840000
	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	5789522000
	Total non-current financial liabilities	7701362000
	Provisions, non-current	454513000
	Deferred tax liabilities (net)	2690102000
	Deferred government grants, Non-current	0
	Other non-current liabilities	234386000
	Total non-current liabilities	11080363000
	Current liabilities
	Current financial liabilities
	Borrowings, current	16093449000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	160400000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	4486054000
	Total Trade payable	4646454000
	Other current financial liabilities	814956000
	Total current financial liabilities	21554859000
	Other current liabilities	2311469000
	Provisions, current	245809000
	Current tax liabilities (Net)	38720000
	Deferred government grants, Current	0
	Total current liabilities	24150857000
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	35231220000
	Total equity and liabilites	91602925000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

Other explanatory Notes for preparing XBRL n n n1 Other intangible assets of Rs 392886 lakhs is inclusive of Right of Use assets of Rs356058 lakhs n n2 Other non current assets of Rs 129013 lakhs is inclusive of Noncurrent tax assets Net Rs56127 lakhs n n3 Other noncurrent financial liabilities of Rs 5789522 lakhs is inclusive of Non current lease liabilities of Rs 195493 lakhs n n4 Other non current liabilities of Rs 234386 lakhs is inclusive of Noncurrent Tax Liabilities Net of Rs 196979 lakhs n n5 Other current financial liabilities of Rs 814956 lakhs is inclusive of current lease liabilities of Rs 734795 lakhs n

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of the defined benefit plan	-20086000	-11831000
2	Equity instruments through other comprehensive income	0	-103170000
	Total Amount of items that will not be reclassified to profit and loss	-20086000	-115001000
2	Income tax relating to items that will not be reclassified to profit or loss	-5093000	-2888000
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	-14993000	-112113000

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			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			8467180000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1418144000
	Adjustments for decrease (increase) in inventories			-1457585000
	Adjustments for decrease (increase) in trade receivables, current			-1455730000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-99689000
	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			-1032087000
	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			1274728000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	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			-89337000
	Adjustments for dividend income			84008000
	Adjustments for interest income			571570000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-32283000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			5328000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-2124089000
	Net cash flows from (used in) operations			6343091000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			2061709000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4281382000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			35069000
	Purchase of property, plant and equipment			2719536000
	Proceeds from sales of investment property			39183465000
	Purchase of investment property			38972968000
	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			84008000
	Interest received			276610000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			833859000
	Net cash flows from (used in) investing activities	-1279493000
	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			1181020000
	Payments of lease liabilities			13888000
	Dividends paid			556366000
	Interest paid			1477653000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-888304000
	Net cash flows from (used in) financing activities			-4117231000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-1115342000
	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			-1115342000
	Cash and cash equivalents cash flow statement at beginning of period			2215846000
	Cash and cash equivalents cash flow statement at end of period			1100504000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Qualified opinion	Repetitive	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)

Text Block
Textual Information(1)	Note no3 regarding cancellation of coal block allotted to the company in earlier year and adjustments to be given effect to in respect of the claims made by the company amount awarded so far in this respect and required disclosures adjustments in terms of Ind AS with respect to the carrying amounts of the property plant and equipment capital work in progress inventory and balances lying under other heads of account and carried forward pending determination of the amount of claim in this respect due to the reasons stated therein n nPending finalization of the matters dealt with in above impacts thereof are presently not ascertainable and as such cannot be commented upon by us
Textual Information(2)	Not Applicable
Textual Information(3)	Not Applicable
Textual Information(4)	In pursuance of the Order dated September 24 2014 issued by the Honble Supreme Court of India the Order followed by the Ordinance promulgated by the Government of India Ministry of Law Justice legislative department dated October 21 2014 Ordinance for implementing the Order allotment of Parbatpur coal block coal blockmines to the Company which was under advanced stage of implementation had been cancelled wef April 01 2015 In terms of the Ordinance the Company was allowed to continue the operations in the said coal block till March 31 2015 Accordingly the said coal block had been handed over to Bharat Coking Coal Limited BCCL as per the direction from Coal India Limited CIL with effect from April 01 2015 and the same was thereafter allotted to Steel Authority of India Limited SAIL and pending final determination compensation of Rs 831214 lakhs was received The company also came to understand that SAIL subsequently handed over back the said coal block to the custody of BCCL n nFollowing a petition filed by the Company the Honble High Court at Delhi had pronounced its judgement on March 09 2017 Accordingly based on the said judgement the Company has so far claimed Rs15494448 lakhs towards compensation against the said coal block and acceptance of the same is awaited The Nominated Authority appointed for deciding the amount of compensation had upheld its decision of compensation already paid which was set aside by the Honble High Court with a direction to the Nominated Authority to reconsider the same The Nominated authority further passed an order dated November 11 2019 awarding an additional compensation of Rs 18000 lakhs with a further direction to redetermine the value of certain assets by the appropriate authority Subsequently a newly appointed Nominated Authority New Nominated Authority had appointed a valuer to determine the value of those specified assets as per the direction of the Nominated Authority dated November 11 2019 The company came to understand that valuation report recommending a valuation of total directhard cost for specified assets has been submitted to the New Nominated Authority Moreover the company had also earlier approached the New Nominated Authority Ministry of Coal Ministry to reconsider the compensation determined by the previous Nominated Authority for land and some other major assets and the final compensation is yet to be decided n nIn the meantime JSW Steel Limited JSW had been declared as successful bidder for Parbatpur Coal Block in 16th Tranche of Auction Under Coal Mines Special Provisions Act 2015 and vesting order dated June 08 2023 was issued by the Ministry of Coal in favour of JSW JSW as being claimed by them took over the physical possession of said coal block and has therefore requested to initiate negotiations for utilization of movable property assets used in coal mining Pending determination of the amount of claim the Company has approached Honble Delhi High Court and the matter is pending as on this date The companys management is actively pursuing to revise and determine the amount of entire compensation for the coal block including mine infrastructure land and all other related assets in terms of Coal Mines Special Provisions Act 2015 read with judgement dated March 09 2017 pronounced by the Honble High Court of Delhi and is taking all the necessary legal and other steps for the same n nPending finalisation of the matter as above n nitRs12888411 lakhs incurred pertaining to the coal block till March 31 2015 after setting off income stocks etc there against as per the accounting policy then followed by the Company has been continued to be shown as freehold land capital work in progress other fixed assets and other respective heads of account niitInterest and other finance cost for the year ended March 31 2016 against the fund borrowed and other expenses directly attributable in this respect amounting to Rs 951474 lakhs have been considered as other recoverable under current assets and niiitCompensation of Rs 831234 lakhs so far received and net realisations claims against sale of assets advances input credits etc amounting to Rs 209004 lakhs have been adjusted Bank guarantee amounting to Rs 92000 lakhs has been given against the compensation received n nNecessary disclosures and adjustments arising with respect to above and determination of resultant claim will be given effect to on final acceptancesettlement of the amount thereof n
Textual Information(5)	As stated herein above the impact with respect to above and consequential adjustments cannot be ascertained and as such cannot be commented upon by us
Textual Information(6)	Note No4a in respect of companys investment in the equity shares of ESL Steel Limited ESL the pledge of which was invoked by the lenders of ESL and the same was set aside by Honble High court at Kolkata and the matter is currently pending before the said court Also Note no 4b dealing with mortgage of Land at Elavur plant in favour of one of the lenders of ESL who had assigned their rights to another party and symbolic possession of the said land was taken by the said party The matter has been disputed by the company and as stated in the said note is currently pending before DRAT and Honble Madras High Court n nPending finalization of the matters dealt with in above impacts thereof are presently not ascertainable and as such cannot be commented upon by us
Textual Information(7)	Not Applicable
Textual Information(8)	Not Applicable
Textual Information(9)	In view of approved resolution plan as confirmed by Honble National Company Law Appellate Tribunal NCLAT by its order dated August 10 2018 and pursuant to issuance of additional Equity Shares by ESL Steel Limited ESL for giving impact of the resolution plan ESL had ceased to be an associate of the Company during the quarter ended June 30 2018 To comply with the requirements of Ind AS 109 Financial Instruments the Company had fair valued the investment in ESL and a sum of Rs 5786838 lakhs representing difference between the carrying value of said investment and fair value on the date of change of status was considered as exceptional item in statement of Profit and Loss in the quarter ended June 30 2018 Further in terms of the approved resolution plan advances and trade receivable amounting to Rs 2112170 lakhs receivable from ESL was written off during the quarter ended September 2018 shown as exceptional item in the statement of Profit and Loss n nThe Company had elected the option under the said Ind AS to present the subsequent fair value changes of the said investment through Other Comprehensive Income During the year the company has fair valued the equity share of ESL and a loss of Rs 103731 lakhs has been accounted for under other comprehensive income n nInvestment in ESL include 17334999 equity shares of Rs 10 each in ESL amounting to Rs 431121 lakhs as on March 31 2025 which were pledged with the consortium of lenders of ESL lenders and the said pledge was not released by the lenders even after the settlement of their debt as per the approved resolution plan as above The notices issued by the lenders for invocation of pledge of companys investment was set aside by the Honble High Court at Calcutta in the earlier year and the companys plea for release of such pledge is pending before the said Honble High Court n nIn the earlier years certain land amounting to Rs 2949358 lakhs of the company situated at Elavur Tamil Naidu were mortgaged to another lender SREI Infrastructure Finance Limited SREI of ESL and SREI had subsequently assigned its right in the said property to an Asset Reconstruction Company ARC although the claims of the said lender were fully discharged by ESL as per the Resolution Plan approved by Honble National Company Law Tribunal NCLT Kolkata Subsequently the ARC had issued SARAFESI Notice and taken the symbolic possession of the said land The Company had disputed the alleged assignment of the loan by the lender and as directed by the Honble Supreme Court had filed an application before the Debt Recovery Tribunal DRT Chennai for setting aside the SARAFESI actions and release of the title deeds of the land which vide order dated April 08 2022 uploaded on April 27 2022 had been dismissed by DRT On filing the appeal before the Debt Recovery Appellate Tribunal DRAT against the order of DRT DRAT has directed the Company to deposit 50 of the SARAFESI demand ie Rs 2935504 lakhs against which revision application under Article 227 of the Indian Constitution and a Writ Application under Article 226 of Indian Constitution has been filed before Honble Madras High Court and the matter is pending before the said court n nEarlier the ARC had also filed an application before the Honble NCLT Cuttack for initiation of Corporate Insolvency and Resolution Process CIRP against the Company which had been decided in the favour of the Company vide NCLT order dated June 24 2022 the Order The said order on being challenged by ARC has been upheld by Honble National Company Law Tribunal NCLAT vide its order dated January 24 2024 and thereby the order dismissing the application of ARC by NCLT as above stands valid and effective The judgement of NCLAT has been challenged before Honble Supreme Court of India which is yet to be decided by the said court n nPending finalization of the matter these assets have been carried forward at their book value n
Textual Information(10)	As stated herein above the impact with respect to above and consequential adjustments cannot be ascertained and as such cannot be commented upon by us