Integrated Filing — IndAS

General information about company
Scrip Code	532674
NSE Symbol	BASML
MSEI Symbol	NA
ISIN	INE186H01022
Name of company	BANNARI AMMAN SPINNING MILLS 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	21-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	14-May-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	Single segment
Description of single segment	TEXTILES
Start date and time of board meeting	21-May-2025   11:45:00
End date and time of board meeting	21-May-2025   15:00:00
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	2255213000	8873586000
	Other income	8416000	24476000
	Total income	2263629000	8898062000
2	Expenses
(a)	Cost of materials consumed	1471472000	6545755000
(b)	Purchases of stock-in-trade	19346000	97112000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	87904000	-364814000
(d)	Employee benefit expense	179290000	808546000
(e)	Finance costs	110363000	450216000
(f)	Depreciation, depletion and amortisation expense	63927000	258875000
(f)	Other Expenses
1	Repairs & Maintenance	54994000	179184000
2	Power & Fuel	150257000	618321000
3	Selling & Distribution	15841000	131361000
4	Packing materials consumed	19150000	75404000
5	Other expenses	46118000	137059000
	Total other expenses	286360000	1141329000
	Total expenses	2218662000	8937019000
3	Total profit before exceptional items and tax	44967000	-38957000
4	Exceptional items	0	0
5	Total profit before tax	44967000	-38957000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	14341000	-18338000
9	Total tax expenses	14341000	-18338000
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	30626000	-20619000
12	Profit (loss) from discontinued operations before tax	-15666000	151232000
13	Tax expense of discontinued operations	-3474000	58704000
14	Net profit (loss) from discontinued operation after tax	-12192000	92528000
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	18434000	71909000
17	Other comprehensive income net of taxes	994000	1338000
18	Total Comprehensive Income for the period	19428000	73247000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	18434000	71910000
	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	994000	1338000
	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	324209000	324209000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		3825593000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.47	-0.32
	Diluted earnings (loss) per share from continuing operations	0.47	-0.32
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	-0.19	1.43
	Diluted earnings (loss) per share from discontinued operations	-0.19	1.43
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.28	1.11
	Diluted earnings (loss) per share from continuing and discontinued operations	0.28	1.11
24	Debt equity ratio	0.0109	0.0113
25	Debt service coverage ratio	0.0108	0.0108
26	Interest service coverage ratio	0.0127	0.0125
27	Disclosure of notes on financial results		Notes to the Consolidated Audited Financial Results for the year ended March 31,2025: n1. The above consolidated financial results “the Statement” for the year ended March 31, n2025 have been reviewed by the Audit Committee and have been approved by the Board nof Directors at their meetings held on May 21, 2025. The Statutory Auditors have audited nthe financial results and given unmodified opinion. n2. Bannari Amman Spinning Mills Limited (“the Parent Company) is primarily engaged in the nmanufacturing of Textile and related products, which in the context of Ind AS 108 n“Operating Segments” is considered the only significant business segment. n3. The Consolidated Financial Results include the stand alone results of parent company and nits subsidiary viz. Bannari Infotech Private Limited (formerly known as “Bannari Amman nInfinite Trendz Private Limited”). n4. The Parent Company had sold entire shares held in the erstwhile subsidiary, Young Brand nApparel Private Limited for a sale consideration of Rs. 7,954 lakhs and recognised the gain non sale of investment amounting to Rs. 5,348 lakhs as profit from discontinued operations nduring the quarter ended June 30, 2024 and consequently, Young Brand Apparel Private nLimited and its wholly owned subsidiary, Young Brand Global Private Limited ceased to be nsubsidiaries of the Parent Company. n5. The financial results of erstwhile subsidiary company, Young Brand Apparel Private Limited nand its wholly owned subsidiary, Young Brand Global Private Limited for the Quarter and nyear ended 31.03.2024 has been included under “Profit/loss from discontinued noperations”. n6. The Parent Company has approved the sale of its garment unit at Palladam and land at nSIPCOT, Perundurai to S P Apparels Limited. Accordingly, the assets of the Garment and nProcessing Divisions have been considered as discontinued operations and classified as nassets held for sale / discontinued operations as per Ind AS 105 ‘Non-Current Assets held nfor sale and discontinued from quarter and nine months ended December 31, 2023. nThe sale could not be completed before the quarter and year ended March 31,2025 on naccount of pending clearance from lenders in this regard. Accordingly, the Results of nGarment Division for all the periods presented in this statement have been disclosed as nresults from discontinued operations in accordance with the requirement of Ind AS 105. nThe Company has not charged depreciation on such assets from the date of classification nas held for sale which has an impact of Rs. 44.34 Lakhs and Rs. 179.76 Lakhs for the nquarter and year ended March 31,2025. nThe summary of the results of the aforesaid discontinued operations as included under the nresults is as follows: n| **Particulars** | **Quarter Ended** | | | **Year Ended** | | n| ---------------------------- | ----------------- | ------------ | ------------ | -------------- | ------------ | n| | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2025 | Mar 31, 2024 | n| **Total Income** | 38.92 | 26.98 | 9,555.99 | 2,816.56 | 34,939.34 | n| **Total Expenses** | 195.58 | 159.38 | 9,704.85 | 1,304.24 | 33,947.80 | n| **Profit/(Loss) Before Tax** | (156.66) | (132.41) | (148.84) | 1,512.32 | 991.55 | n| **Tax Expense / (Savings)** | (34.74) | (46.27) | (34.30) | 587.04 | 189.96 | n| **Profit/(Loss) After Tax** | (121.92) | (86.14) | (114.54) | 925.28 | 801.59 | n7. The Parent Company entered into an agreement to sell a part of land situated at nVelvarkottai, Dindugul and Kodangipalayam, Karanampet, Coimbatore valued at Rs. 56.72 nlakhs to Shiva Tex Yarn Limited on March 30, 2011 and it has been grouped as asset held nfor Sale. As the Company is yet to receive the clearance from the lenders for sale of such nlands, the same has been reclassified from asset held for sale to Property, Plant and nEquipment during the quarter and year ended March 31,2025. n8. The Board of Directors of the Parent Company at their meeting held on November 4, 2024, nhave allotted 42,25,806 partly paid Equity Warrants of Rs.5 at Rs.62 per warrant (including npremium of Rs.57 per warrant) aggregating to Rs.26.20 Crore on Preferential basis to npromoter and non-promoter group of the Parent Company in accordance with Section 42 nread with the Companies (Prospectus and Allotment of Securities) Rules, 2014 and Chapter nV of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. In this regard, nthe Parent Company has received an aggregate consideration of Rs.6.55 Crores towards nminimum 25% of the total consideration of the Convertible Equity Warrants and the fund nhas been utilised in full during the quarter ended December 31,2024, by the Parent nCompany for the objects approved by the members. The said Convertible Warrants will be nconverted into Equity Shares within 18 months from the date of allotment. n9. The Board of Directors, at their meeting held on April 24, 2025 have considered and napproved the Rights issue of 1,50,79,504 Equity Shares of face value of Rs.5 each for an naggregate amount not exceeding Rs.40,71,46,608 at an issue price of Rs.27 per Equity nShare in an entitlement ratio of 10 rights Equity Shares for every 43 fully paid up Equity nShares held as on the record date, April 30, 2025. n10. The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing nfigures between audited figures for the full financial year and published year to date figures nup to the nine months ended December 31, 2024 and December 31, 2023 respectively. n11. Previous period figures have been regrouped and reclassified wherever necessary.

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	4764646000
	Capital work-in-progress	150907000
	Investment property	0
	Goodwill	0
	Other intangible assets	13767000
	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	38919000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	155259000
	Total non-current financial assets	194178000
	Deferred tax assets (net)	0
	Other non-current assets	8202000
	Total non-current assets	5131700000
2	Current assets
	Inventories	2172827000
	Current financial asset
	Current investments	0
	Trade receivables, current	1554390000
	Cash and cash equivalents	32105000
	Bank balance other than cash and cash equivalents	24006000
	Loans, current	4123000
	Other current financial assets	190766000
	Total current financial assets	1805390000
	Current tax assets (net)	56313000
	Other current assets	410093000
	Total current assets	4444623000
3	Non-current assets classified as held for sale	478011000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	10054334000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	324209000
	Other equity	3825593000
	Total equity attributable to owners of parent	4149802000
	Non controlling interest	0
	Total equity	4149802000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1431356000
	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	0
	Total non-current financial liabilities	1431356000
	Provisions, non-current	0
	Deferred tax liabilities (net)	99455000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1530811000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3241212000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	94076000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	421002000
	Total Trade payable	515078000
	Other current financial liabilities	16822000
	Total current financial liabilities	3773112000
	Other current liabilities	240296000
	Provisions, current	85313000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	4098721000
3	Liabilities directly associated with assets in disposal group classified as held for sale	275000000
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	5904532000
	Total equity and liabilites	10054334000
	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)
	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	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of the defined benefit plans	1541000	1541000
2	Gain/(loss) on equity instruments designated at FVTOCI	-9000	335000
	Total Amount of items that will not be reclassified to profit and loss	1532000	1876000
2	Income tax relating to items that will not be reclassified to profit or loss	538000	538000
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	994000	1338000

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			-38957000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			472740000
	Adjustments for decrease (increase) in inventories			-57880000
	Adjustments for decrease (increase) in trade receivables, current			125120000
	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			126787000
	Adjustments for other financial assets, non-current			-2174000
	Adjustments for other financial assets, current			-53474000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-478581000
	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			13086000
	Adjustments for depreciation and amortisation expense			261376000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			4162000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			6138000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-11666000
	Adjustments for dividend income			0
	Adjustments for interest income			12050000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-6000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-244823000
	Other adjustments to reconcile profit (loss)			151232000
	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)			299987000
	Net cash flows from (used in) operations			261030000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			32810000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			228220000
	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			20621000
	Purchase of property, plant and equipment			260576000
	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			794904000
	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			0
	Interest received			9133000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-22883000
	Net cash flows from (used in) investing activities	541199000
	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			65500000
	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			54795000
	Repayments of borrowings			451850000
	Payments of lease liabilities			4210000
	Dividends paid			0
	Interest paid			475679000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-4775000
	Net cash flows from (used in) financing activities			-816219000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-46800000
	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			-46800000
	Cash and cash equivalents cash flow statement at beginning of period			78905000
	Cash and cash equivalents cash flow statement at end of period			32105000