Integrated Filing — IndAS

General information about company
Scrip Code	531892
NSE Symbol	KHANDSE
MSEI Symbol	NOTLISTED
ISIN	INE060B01014
Name of company	KHANDWALA SECURITIES 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	16-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	09-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	Multi segment
Description of single segment
Start date and time of board meeting	16-May-2025   12:00:00
End date and time of board meeting	16-May-2025   13:15:00
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	2024-05-18
Indicate Company website link for updated RPT policy of the Company	www.kslindia.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?	No
Not Applicable

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	11813000	95393000
	Other income	3699000	55903000
	Total income	15512000	151296000
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	-236000	1385000
(d)	Employee benefit expense	8052000	29763000
(e)	Finance costs	281000	1085000
(f)	Depreciation, depletion and amortisation expense	1089000	3433000
(f)	Other Expenses
1	Other Expenses	16329000	113372000
	Total other expenses	16329000	113372000
	Total expenses	25515000	149038000
3	Total profit before exceptional items and tax	-10003000	2258000
4	Exceptional items	0	0
5	Total profit before tax	-10003000	2258000
6	Tax expense
7	Current tax	10588000	10588000
8	Deferred tax	-59000	-338000
9	Total tax expenses	10529000	10250000
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	-20532000	-7992000
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	-20532000	-7992000
17	Other comprehensive income net of taxes	86000	86000
18	Total Comprehensive Income for the period	-20446000	-7906000
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	152538000	152538000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		142636000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-1.35	-0.52
	Diluted earnings (loss) per share from continuing operations	-1.35	-0.52
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	-1.35	-0.52
	Diluted earnings (loss) per share from continuing and discontinued operations	-1.35	-0.52
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

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	14846000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	1665000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	39274000
	Trade receivables, non-current	0
	Loans, non-current	164985000
	Other non-current financial assets	21669000
	Total non-current financial assets	225928000
	Deferred tax assets (net)	3766000
	Other non-current assets	5794000
	Total non-current assets	251999000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	110653000
	Trade receivables, current	38739000
	Cash and cash equivalents	60000
	Bank balance other than cash and cash equivalents	5827000
	Loans, current	24876000
	Other current financial assets
	Total current financial assets	180155000
	Current tax assets (net)
	Other current assets	7191000
	Total current assets	187346000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	439345000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	152538000
	Other equity	142636000
	Total equity attributable to owners of parent	295174000
	Non controlling interest
	Total equity	295174000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	14165000
	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	14165000
	Provisions, non-current	1897000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	456000
	Total non-current liabilities	16518000
	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	113893000
	Total Trade payable	113893000
	Other current financial liabilities
	Total current financial liabilities	113893000
	Other current liabilities	13760000
	Provisions, current	0
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	127653000
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	144171000
	Total equity and liabilites	439345000
	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		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Investment / Stock Operations	-662000	3223000
2	Feebased Operations	12475000	92170000
3	Other Unallocated Revenue	3699000	55903000
	Total Segment Revenue	15512000	151296000
	Less: Inter segment revenue	0	0
	Revenue from operations	15512000	151296000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Investment / Stock Operations	-665000	596000
2	Feebased Operations	-4693000	-26308000
3	Other Unallocated Revenue	0	0
	Total Profit before tax	-5358000	-25712000
	i. Finance cost	281000	281000
	ii. Other Unallocable Expenditure net off Unallocable income	4364000	4364000
	Profit before tax	-10003000	2258000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Investment / Stock Operations	46981000	46981000
2	Feebased Operations	270937000	270937000
3	Other Unallocated Revenue	121427000	121427000
	Total Segment Asset	439345000	439345000
	Un-allocable Assets	0	0
	Net Segment Asset	439345000	439345000
4	Segment Liabilities
	Segment Liabilities
1	Investment / Stock Operations	2000	2000
2	Feebased Operations	107458000	107458000
3	Other Unallocated Revenue	22546000	22546000
	Total Segment Liabilities	130006000	130006000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	130006000	130006000
	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
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	-86000	-86000
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	86000	86000

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			2258000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1085000
	Adjustments for decrease (increase) in inventories			-4609000
	Adjustments for decrease (increase) in trade receivables, current			48434000
	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			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-34545000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3433000
	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			0
	Adjustments for dividend income			-178000
	Adjustments for interest income			-7214000
	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)			0
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			21190000
	Net cash flows from (used in) operations			23448000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-68000
	Other inflows (outflows) of cash			16736000
	Net cash flows from (used in) operating activities			40252000
	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			35437000
	Purchase of property, plant and equipment			0
	Proceeds from sales of investment property			0
	Purchase of investment property			3555000
	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			178000
	Interest received			7281000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-78700000
	Net cash flows from (used in) investing activities	-39359000
	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			3938000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			1085000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			2853000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			3746000
	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			3746000
	Cash and cash equivalents cash flow statement at beginning of period			-3532000
	Cash and cash equivalents cash flow statement at end of period			214000

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)	The Company had advanced application money towards purchase of shares of Rs 216.69 lakhs which is outstanding for a period of 276 months as at the end of the year. In the absence of information regarding the status of the allotment or the net worth of the entities in which the company made applications, we are unable to ascertain the extent to which an amount of Rs 216.69 lakhs is recoverable and accordingly, the effect thereof on the financial statements cannot be ascertained. However, it has been noted and confirmed looking at relevant documents that at present the said matter is under litigation and pending for hearing before the Honble High Court at Mumbai.
Textual Information(2)	Not Applicable
Textual Information(3)	The Share Application Money for an amount of Rs. 216.69 Lacs is outstanding for a period of 276 months as at date of Balance Sheet date, for which the financial statements are in the process of being obtained. The Company has initiated legal proceedings against the other party for recovery of the said application money along with interest thereon, under Section 138 of the Negotiable Instruments Act, 1881. At present, the matter is pending for hearing before the Honble High Court at Mumbai.
Textual Information(4)	Not Aplicable
Textual Information(5)	As per Auditor's Report
Textual Information(6)	Long-Term deposits of Rs 350.00 lakhs are subject to subsequent adjustments. We are unable to ascertain the recoverability of these amounts, as the Company has not made any provisions for the same in the standalone financial statements.
Textual Information(7)	Not Applicable
Textual Information(8)	Long-term Deposits which were given to M/s. Vimpasan Investments Private Ltd are still outstanding as at March 31, 2025, for total aggregate amount of Rs. 350.00 lakhs. Since the Company is not in the receipt of any interests on the said deposits since long period, the Company has not accounted any interest on the said deposits. The Company has already commenced the process to initiate legal proceedings against them for recovery of the said deposits.
Textual Information(9)	Not Applicable
Textual Information(10)	As per Auditor's Report