Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol ARTNIRMAN
MSEI Symbol NOTLISTED
ISIN INE738V01013
Name of company ART NIRMAN 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 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-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 REAL ESTATE
Start date and time of board meeting 26-May-2025   14:30:00
End date and time of board meeting 26-May-2025   15:30:00
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 Declaration of unmodified opinion
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 2024-02-13
Indicate Company website link for updated RPT policy of the Company www.artnirman.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 89239000 273852000
Other income 939000 3986000
Total income 90178000 277838000
2 Expenses
(a) Cost of materials consumed 48438000 211529000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -65318000 -230933000
(d) Employee benefit expense 1961000 7069000
(e) Finance costs 10724000 11258000
(f) Depreciation, depletion and amortisation expense 936000 5838000
(f) Other Expenses
1 other 85964000 253420000
Total other expenses 85964000 253420000
Total expenses 82705000 258181000
3 Total profit before exceptional items and tax 7473000 19657000
4 Exceptional items 0 0
5 Total profit before tax 7473000 19657000
6 Tax expense
7 Current tax 0 0
8 Deferred tax -266000 -266000
9 Total tax expenses -266000 -266000
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 7739000 19923000
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 7739000 19923000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 7739000 19923000
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 249560000 249560000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 103378000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.31 0.8
Diluted earnings (loss) per share from continuing operations 0.31 0.8
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 0.31 0.8
Diluted earnings (loss) per share from continuing and discontinued operations 0.31 0.8
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 45568000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 51000
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 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 5692000
Total non-current financial assets 5692000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 51311000
2 Current assets
Inventories 422145000
Current financial asset
Current investments 0
Trade receivables, current 24940000
Cash and cash equivalents 1006000
Bank balance other than cash and cash equivalents 36561000
Loans, current 50000000
Other current financial assets 0
Total current financial assets 112507000
Current tax assets (net) 0
Other current assets 102211000
Total current assets 636863000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 688174000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 249560000
Other equity 123302000
Total equity attributable to owners of parent 372862000
Non controlling interest
Total equity 372862000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 179578000
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 179578000
Provisions, non-current 0
Deferred tax liabilities (net) 1947000
Deferred government grants, Non-current 0
Other non-current liabilities 19490000
Total non-current liabilities 201015000
Current liabilities
Current financial liabilities
Borrowings, current 978000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 23382000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 43254000
Total Trade payable 66636000
Other current financial liabilities 0
Total current financial liabilities 67614000
Other current liabilities 46224000
Provisions, current 459000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 114297000
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 315312000
Total equity and liabilites 688174000
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)
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
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
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
5 Total Other comprehensive income



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
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 19657000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 16278000
Adjustments for decrease (increase) in inventories -230933000
Adjustments for decrease (increase) in trade receivables, current 8307000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -72692000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 114677000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -933000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -560000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 5838000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -69000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 2187000
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 0
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) -157900000
Net cash flows from (used in) operations -138243000
Dividends received 0
Interest paid 2146000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -140389000
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 0
Purchase of property, plant and equipment 322000
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 -247000
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 2146000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 1577000
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 151332000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -16278000
Net cash flows from (used in) financing activities 135054000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -3758000
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 -3758000
Cash and cash equivalents cash flow statement at beginning of period 4764000
Cash and cash equivalents cash flow statement at end of period 1006000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 K D N & Associates LLP Yes 30-Apr-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 ART NIRMAN LIMITED Ashokkumar R Thakker Managing Director Loan 1000000000 NA 68072000 81551000 149623000
2 ART NIRMAN LIMITED Ashokkumar R Thakker Managing Director Any other transaction RENT 1000000000 NA 1311000 1311000 0
3 ART NIRMAN LIMITED Ashokkumar R Thakker Managing Director Remuneration 0 NA 539000 2674000 3213000
4 ART NIRMAN LIMITED YESHA SHAH CS Remuneration 0 NA 3000 35000 38000
5 ART NIRMAN LIMITED ART Club Pvt Ltd COMMON DIRECTOR Any other transaction WORK CONTRACT 1000000000 NA -27498000 7706000 -35204000
6 ART NIRMAN LIMITED Piyushkumar C. Thakkar EXECUTIVE DIRECTOR Loan 1000000000 NA 0 1805000 1805000
7 ART NIRMAN LIMITED Piyushkumar C. Thakkar EXECUTIVE DIRECTOR Remuneration 0 NA 414000 748000 1162000
8 ART NIRMAN LIMITED Dharmisthaben Thakkar Non-Executive Director Loan 1000000000 NA 26600000 1550000 28150000
9 ART NIRMAN LIMITED Piyushkumar C. Thakkar EXECUTIVE DIRECTOR Any other transaction Creditors - reimbursement of Exp 0 NA -960000 1801000 841000
10 ART NIRMAN LIMITED Vishnudhara developer llp Ashokkumar Thakker and Dharmistthaben Thakkar Director of Art Nirman ltd is also DP of VISHNUDHARA developer LLP Any other transaction WORK CONTRACT 1000000000 NA -22692000 72692000 50000000
11 ART NIRMAN LIMITED OHM Enterprise Ashokkumar Thakker Director of Art Nirman ltd is also Partner of OHM Enterprise Any other transaction WORK CONTRACT 1000000000 NA -77000 18732000 18655000
12 ART NIRMAN LIMITED Chetankumar Modi CFO Remuneration 0 NA -28000 139000 111000
13 ART NIRMAN LIMITED CHINTAN BHATT Independent Director Any other transaction Setting Fees 0 NA 50000 0 50000
14 ART NIRMAN LIMITED HEMANG SHAH Independent Director Any other transaction Setting Fees 0 NA 73000 0 73000
15 ART NIRMAN LIMITED Vishnudhara Paradise LLP Ashokkumar Thakker Director of Art Nirman ltd is also Designated Partner of LLP Any other transaction WORK CONTRACT 0 NA 2498000 3787000 6285000
Total value of transaction during the reporting period 48305000