Integrated Filing — IndAS

General information about company
Scrip Code	532351
NSE Symbol	AKSHOPTFBR
MSEI Symbol	NOTLISTED
ISIN	INE523B01011
Name of company	AKSH OPTIFIBRE 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	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	15-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	Multi segment
Description of single segment
Start date and time of board meeting	22-May-2025   14:30:00
End date and time of board meeting	22-May-2025   19:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification

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	329830000	1300396000
	Other income	5432000	15405000
	Total income	335262000	1315801000
2	Expenses
(a)	Cost of materials consumed	241928000	835561000
(b)	Purchases of stock-in-trade	-1675000	41184000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-8753000	42530000
(d)	Employee benefit expense	43058000	188855000
(e)	Finance costs	56016000	136333000
(f)	Depreciation, depletion and amortisation expense	44246000	135525000
(f)	Other Expenses
1	Other Expenses	54155000	242693000
	Total other expenses	54155000	242693000
	Total expenses	428975000	1622681000
3	Total profit before exceptional items and tax	-93713000	-306880000
4	Exceptional items	11757000	33822000
5	Total profit before tax	-81956000	-273058000
6	Tax expense
7	Current tax	-25309000	20380000
8	Deferred tax	9866000	-33772000
9	Total tax expenses	-15443000	-13392000
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	-66513000	-259666000
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	-66513000	-259666000
17	Other comprehensive income net of taxes	-289000	-28992000
18	Total Comprehensive Income for the period	-66802000	-288658000
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	0	0
	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	813490000	813490000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		-697447000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.41	-1.6
	Diluted earnings (loss) per share from continuing operations	-0.41	-1.6
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	-0.41	-1.6
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.41	-1.6
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes: n1. The Consolidated financial results of the Company for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 22, 2025. n2. The Consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. n3. The Holding Company has foreign currency payable and receivable balances which are outstanding for more than the period as prescribed in Foreign Exchange Management Act. The Holding Company has already applied for necessary extension in consultation with RBI Consultant. Management of the respective companies does not expect any material implication on account of delays under the existing regulations. n4. During the quarter and year ended the Holding Company has accounted for non-cenvatable duty liability amounting to Rs. 499.72 lakhs under the Advance Authorization and Export Promotion Capital Goods (EPCG) schemes, due to non-fulfilment of the export obligations. However, no provision has been considered for interest aggregating Rs. 1,552.48 lakhs and for cenvatable duty aggregating to Rs 648.36 lakhs under the said scheme. nAdditionally, the Holding Company has not accounted for duty liabilities under the Advance Authorization scheme in respect of cases where export obligations have been technically fulfilled but the corresponding export proceeds have remained unrealized over an extended period. Due to the non-realization of a substantial portion of these proceeds, the Holding Company is exposed to a potential unrecognized liability amounting to Rs.632 lakhs, including duty and interest. Management of the holding company believes that these outstanding liabilities are expected to be resolved under the Government’s amnesty scheme on a principal duty basis. Accordingly, these amounts have not been recognized in the consolidated financial statements but have been disclosed as contingent liabilities in the notes to accounts, pending resolution under the amnesty framework. n5. Pursuant to the Notice received by the Holding Company under section 13(4) of SARFAESI Act, 2002, the Holding Company has filed Securitization Application (SA) before Debt Recovery Tribunal (DRT), Jaipur. The Hon’ble Tribunal has granted Interim stay to the holding company and has listed the matter for further adjudication. n6. During the quarter and year ended, the Holding Company has undertaken a reassessment of its outstanding liability payable to Union Bank of India (UBI), based on an independent evaluation carried out by an external professional firm. This reassessment was guided by the generally accepted principle that repayments against outstanding dues are first appropriated towards accrued interest and subsequently against the principal, prioritizing borrowings with higher interest rates. Accordingly, the Holding Company has reclassified its borrowings and accrued interest liabilities effective from the date the account was classified as a Non-Performing Asset (NPA), i.e., March 31, 2021. As a result of this reclassification: i) An amount of Rs. 1,612.29 lakhs, representing a reduction in interest expense up to March 31, 2024, has been recognized under the head exceptional Income/(Expense) in the consolidated financial statements. ii) The reduction in interest expense attributable to the financial year ended March 31, 2025, amounting to Rs.487.17 lakhs, has been accounted for under the head Finance Costs.Pursuant to the above adjustments and reclassification, the outstanding balance payable to UBI as per books does not align with the balance reflected in the bank’s records. n7. HDFC Bank Limited, vide its letter dated October 16, 2024, has approved the One-Time Settlement (‘OTS’) offer made by the Holding Company, under which the company is required to pay Rs. 2,559.78 lakhs as full and final settlement against the outstanding dues on or before January 7, 2025. In compliance with the above said OTS, the Holding Company has part complied with the terms and has sought extension which is under consideration by the HDFC Bank. n8. Pursuant to an order passed by the Collector of Stamps, Jaipur dated October 4, 2023, a demand of Rs. 3,068.85 lakhs, along with surcharge, interest, and penalty, was raised in connection with the amalgamation of APAksh Broadband Limited against which the Holding Company had paid Rs 120.00 lakhs in protest. Pursuant to recent amendments to the provisions of the Rajasthan Stamp Act, the stamp duty was duly recalculated to be Rs 0.13 lakhs , which the Holding Company has since paid. The protest money of Rs. 120.00 lakhs continue to be carried as a recoverable amount in the Holding Company’s books based on the legal opinion received from the consultant. n9. Exceptional Income/ (Expense) for the quarter and year months ended March 31, 2025 of Rs. 117.58 Lakhs & Rs. 338.23 Lakhs inter-alia includes Exchange fluctuation gain of Rs. (31.82 Lakhs) Lakhs & Rs. (27.26 Lakhs), Provision for doubtful debt of Trade Receivable & other assets of Rs. (483.03 Lakhs) & Rs.(492.77 Lakhs), Profit/(Loss) on sale of Property, Plant and Equipment of Rs. (8.53 Lakhs) & Rs. (1,085.69 Lakhs), Misc.Balances written off (net) of Rs. 289.11 Lakhs & Rs. 331.65 Lakhs, Reversal of recovered Interest expense of Rs. 351.84 Lakhs and Rs. 1,612.29 Lakhs respectively. n10. The figures of the previous periods/year have been re-grouped/re-classified to render them comparable with the figures of the current period.

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	1104748000
	Capital work-in-progress	2357000
	Investment property
	Goodwill	0
	Other intangible assets	2200000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	51575000
	Total non-current financial assets	51575000
	Deferred tax assets (net)	18135000
	Other non-current assets	1724000
	Total non-current assets	1180739000
2	Current assets
	Inventories	160326000
	Current financial asset
	Current investments	0
	Trade receivables, current	213540000
	Cash and cash equivalents	15123000
	Bank balance other than cash and cash equivalents	182314000
	Loans, current	0
	Other current financial assets	21759000
	Total current financial assets	432736000
	Current tax assets (net)	4329000
	Other current assets	56285000
	Total current assets	653676000
3	Non-current assets classified as held for sale	981070000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	2815485000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	813490000
	Other equity	-697447000
	Total equity attributable to owners of parent	116043000
	Non controlling interest	0
	Total equity	116043000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	171836000
	Total non-current financial liabilities	171836000
	Provisions, non-current	36954000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	208790000
	Current liabilities
	Current financial liabilities
	Borrowings, current	803731000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	13437000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	413581000
	Total Trade payable	427018000
	Other current financial liabilities	422097000
	Total current financial liabilities	1652846000
	Other current liabilities	93593000
	Provisions, current	1935000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	1748374000
3	Liabilities directly associated with assets in disposal group classified as held for sale	742278000
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	2699442000
	Total equity and liabilites	2815485000
	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	Manufacturing	208697000	780286000
2	Services	121133000	520110000
	Total Segment Revenue	329830000	1300396000
	Less: Inter segment revenue	0	0
	Revenue from operations	329830000	1300396000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Manufacturing	-41988000	-182500000
2	Services	9022000	39214000
	Total Profit before tax	-32966000	-143286000
	i. Finance cost	56016000	56016000
	ii. Other Unallocable Expenditure net off Unallocable income	-7026000	-7026000
	Profit before tax	-81956000	-273058000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Manufacturing	2230442000	2230442000
2	Services	542126000	542126000
	Total Segment Asset	2772568000	2772568000
	Un-allocable Assets	42917000	42917000
	Net Segment Asset	2815485000	2815485000
4	Segment Liabilities
	Segment Liabilities
1	Manufacturing	2382136000	2382136000
2	Services	292598000	292598000
	Total Segment Liabilities	2674734000	2674734000
	Un-allocable Liabilities	24708000	24708000
	Net Segment Liabilities	2699442000	2699442000
	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	Items that will not be reclassified to Profit or Loss	1174000	1174000
	Total Amount of items that will not be reclassified to profit and loss	1174000	1174000
2	Income tax relating to items that will not be reclassified to profit or loss	295000	295000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified to Profit or Loss	-1168000	-29871000
	Total Amount of items that will be reclassified to profit and loss	-1168000	-29871000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-289000	-28992000

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			-273058000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			136333000
	Adjustments for decrease (increase) in inventories			63071000
	Adjustments for decrease (increase) in trade receivables, current			12973000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			7986000
	Adjustments for decrease (increase) in other non-current assets			-1678000
	Adjustments for other financial assets, non-current			3447000
	Adjustments for other financial assets, current			-4124000
	Adjustments for other bank balances			-12244000
	Adjustments for increase (decrease) in trade payables, current			-189336000
	Adjustments for increase (decrease) in trade payables, non-current			-17778000
	Adjustments for increase (decrease) in other current liabilities			-19881000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			135525000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			1130000
	Adjustments for provisions, non-current			2649000
	Adjustments for other financial liabilities, current			18049000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			14422000
	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			108569000
	Other adjustments to reconcile profit (loss)			-28697000
	Other adjustments for non-cash items			-125275000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			76297000
	Net cash flows from (used in) operations			-196761000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-5222000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-191539000
	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			132012000
	Purchase of property, plant and equipment			28091000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			10163000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	114084000
	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			-104864000
	Payments of lease liabilities			-16958000
	Dividends paid			0
	Interest paid			67114000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			54708000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-22747000
	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			-22747000
	Cash and cash equivalents cash flow statement at beginning of period			37869000
	Cash and cash equivalents cash flow statement at end of period			15122000

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	Whether appeared first time	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)

Text Block
Textual Information(1)	i.tAs explained in Note no 4 to the consolidated financial results, which states, during the quarter and year ended the Holding Company has accounted for non-cenvatable duty liability amounting to Rs. 499.72 lakhs under the Advance Authorization and Export Promotion Capital Goods (EPCG) schemes, due to non-fulfilment of the export obligations. However, no provision has been considered for interest aggregating Rs. 1,552.48 lakhs and for cenvatable duty aggregating to Rs 648.36 lakhs under the said scheme. n nAdditionally, the Holding Company has not accounted for duty liabilities under the Advance Authorization scheme in respect of cases where export obligations have been technically fulfilled but the corresponding export proceeds have remained unrealized over an extended period. Due to the non-realization of a substantial portion of these proceeds, the Holding Company is exposed to a potential unrecognized liability amounting to Rs.632 lakhs, including duty and interest. n nManagement of the holding company believes that these outstanding liabilities are expected to be resolved under the Governments amnesty scheme on a principal duty basis. Accordingly, these amounts have not been recognized in the consolidated financial statements but have been disclosed as contingent liabilities in the notes to accounts, pending resolution under the amnesty framework. n n nHad these liabilities been recognized, the total liabilities would have increased by Rs. 2,832.85 lakhs, the total assets would have increased by Rs. 1,341.70 lakhs, and the loss for the year would have increased by Rs. 1,491.15 lakhs (net of tax impact), accordingly. n
Textual Information(2)	Management of the holding company believes that these outstanding liabilities are expected to be resolved under the Governments amnesty scheme on a principal duty basis. Accordingly, these amounts have not been recognized in the consolidated financial statements but have been disclosed as contingent liabilities in the notes to accounts, pending resolution under the amnesty framework.
Textual Information(3)	Not Applicable
Textual Information(4)	NOT APPLICABLE
Textual Information(5)	NOT APPLICABLE