Integrated Filing — IndAS



General information about company
Scrip Code 542285
NSE Symbol AXITA
MSEI Symbol NOTLISTED
ISIN INE02EZ01022
Name of company Axita Cotton 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 21-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 Textile
Start date and time of board meeting 26-May-2025   17:30:00
End date and time of board meeting 26-May-2025   18:05:00
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 2025-02-10
Indicate Company website link for updated RPT policy of the Company https://axitacotton.com/investor-relation/g-policy-on-dealing-with-related-party-transactions/
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 1398598000 6527158000
Other income 4577000 14000000
Total income 1403175000 6541158000
2 Expenses
(a) Cost of materials consumed 250808000 338873000
(b) Purchases of stock-in-trade 1113764000 5869469000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 12633000 172559000
(d) Employee benefit expense 7539000 27131000
(e) Finance costs 2361000 9389000
(f) Depreciation, depletion and amortisation expense 1762000 10859000
(f) Other Expenses
1 Other Expenses 39912000 104363000
Total other expenses 39912000 104363000
Total expenses 1428779000 6532643000
3 Total profit before exceptional items and tax -25604000 8515000
4 Exceptional items 0 7026000
5 Total profit before tax -25604000 15541000
6 Tax expense
7 Current tax -6152000 4153000
8 Deferred tax -882000 454000
9 Total tax expenses -7034000 4607000
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 -18570000 10934000
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 -18570000 10934000
17 Other comprehensive income net of taxes -1024000 -2019000
18 Total Comprehensive Income for the period -19594000 8915000
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 347773000 347773000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 280691000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.05 0.03
Diluted earnings (loss) per share from continuing operations -0.05 0.03
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 -0.05 0.03
Diluted earnings (loss) per share from continuing and discontinued operations -0.05 0.03
24 Debt equity ratio 0.0162 0.0162
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Notes to Standalone Financial Results for the Quarter and Year ended 31st March, 2025: n n1tThese results have been prepared in accordance with the Indian Accounting Standards (referred to as Ind AS) 34 interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. n n2tThe figures for the corresponding previous period have been regrouped / reclassified wherever necessary, to make them comparable. n n3tThe Company has single reportable business segment in standalone financial statements. Hence, no separate information for segment wise disclosure is given in accordance with the requirements of Indian Accounting Standard (Ind AS) 108 - Operating Segments. n n4tWe have exported sesame seeds to Korea agro fisheries and food trade corporation on January 24, 2025 amounting to Rs. 893.63 lakhs. Subsequent to the reporting date and upon arrival at the destination, the buyer identified quality issues with the consignment. Despite extensive discussions and efforts to resolve the matter, the buyer has ultimately decided to reject the shipment and return the entire consignment. n nAs this situation arose from conditions that occurred after the reporting date of March 31, 2025, it has been classified as a non-adjusting event in accordance with Ind AS 10 - Events after the Reporting Period. Accordingly, the financial statements for the year ended March 31, 2025, remain unadjusted in this regard. However, based on our current assessment, the estimated financial impact of this event is a potential loss of approximately 10% of the transaction value. The effect of this event will be recognized in the financial statements of the subsequent period. n n5tThe above Audited Financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting at the Registered office held on May 26, 2025. The Statutory Auditor of the Company has carried out an audit of the above Financial Results of the Company for the quarter and year ended March 31, 2025 and have issued an unmodified Independent Auditors Report thereon. n n6tThe figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of the full financial years and the published unaudited year to date figures upto third quarter of the respective financial years. Also, the figures upto the end of the third quarter were only reviewed and not subject to audit.



Remarks
Debt equity ratio
Debt service coverage ratio Quarterly: n n1.Debt service coberage ratio: -1670.93% n nAs Its loss in the last quarter that is Jan 25 to March 25 n nAnnually: n n1.Debt Service coberage ratio: -250.18% n nReasone of debt service ratios is high profit in compare to obligtion of loan repayment and also interest and lease liabilities n
Interest service coverage ratio 1. Annually n nInterest Service coverage ratio:-306.35% n nReasone of such high interest service coverage ratio is beacue of high profit in compare to the interst payment obligation n n2. Quarterly n nInterest Service coverage ratio : -3092.94% n nReasone og such high negative valus is due to loss in the last quarter that is Jan 2025 to March 2025 and we do have leaseliabilities andlso some interest obligation


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 45876000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 246000
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 39360000
Trade receivables, non-current 0
Loans, non-current 8235000
Other non-current financial assets 10355000
Total non-current financial assets 57950000
Deferred tax assets (net) 2780000
Other non-current assets 0
Total non-current assets 106852000
2 Current assets
Inventories 9688000
Current financial asset
Current investments 38971000
Trade receivables, current 319612000
Cash and cash equivalents 105635000
Bank balance other than cash and cash equivalents 0
Loans, current 66882000
Other current financial assets 21668000
Total current financial assets 552768000
Current tax assets (net) 0
Other current assets 94274000
Total current assets 656730000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 763582000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 347773000
Other equity 280691000
Total equity attributable to owners of parent 628464000
Non controlling interest
Total equity 628464000
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 9491000
Total non-current financial liabilities 9491000
Provisions, non-current 2621000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 12112000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 22004000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 95719000
Total Trade payable 117723000
Other current financial liabilities 855000
Total current financial liabilities 118578000
Other current liabilities 1104000
Provisions, current 3324000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 123006000
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 135118000
Total equity and liabilites 763582000
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
1 Item that will not be reclassified to Statement of profit or loss -2784000 -4114000
Total Amount of items that will not be reclassified to profit and loss -2784000 -4114000
2 Income tax relating to items that will not be reclassified to profit or loss -700000 -1035000
3 Amount of items that will be reclassified to profit and loss
1 Item that will be reclassified to Statement of profit or loss 1416000 1416000
Total Amount of items that will be reclassified to profit and loss 1416000 1416000
4 Income tax relating to items that will be reclassified to profit or loss 356000 356000
5 Total Other comprehensive income -1024000 -2019000



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 15541000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 6421000
Adjustments for decrease (increase) in inventories 181929000
Adjustments for decrease (increase) in trade receivables, current 62870000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 154475000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 37000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 84810000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -11792000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 10859000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -6117000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 72000
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 3846000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -4690000
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 -2716000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 472312000
Net cash flows from (used in) operations 487853000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 33286000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 454567000
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 29511000
Other cash payments to acquire equity or debt instruments of other entities 105890000
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 4998000
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 10604000
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 2021000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -17938000
Net cash flows from (used in) investing activities -107898000
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 -197202000
Repayments of borrowings 0
Payments of lease liabilities 6174000
Dividends paid 26015000
Interest paid 6421000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -62919000
Net cash flows from (used in) financing activities -298731000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 47938000
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 47938000
Cash and cash equivalents cash flow statement at beginning of period 57697000
Cash and cash equivalents cash flow statement at end of period 105635000





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 Mistry And Shah LLP Yes 31-Oct-2025


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 Axita Cotton Limited Aditya Oil Industries Limited A Public Company in Which Directors Are Interested Purchase of goods or services 1000000000 Not Applicable 61116000 0 0
2 Axita Cotton Limited KPR Sports and Media Private Limited Subsidiary of Axita Cotton Limited Interest received 100000000 Not Applicable 529000 7880000 8357000 Loan 0 0 Loan 0.1006 0 Unsecured Business Purpose
3 Axita Cotton Limited Kushal Nitinbhai Patel Managing Director and Promoter Remuneration 6000000 Not Applicable 1500000 0 0
4 Axita Cotton Limited Nitinbhai Govindbhai Patel Chairman cum Managing Director and Promoter Remuneration 6000000 Not Applicable 1500000 0 0
5 Axita Cotton Limited Gitaben Nitinbhai Patel Relative of KMP and Promoter Group Remuneration 3000000 Not Applicable 1496000 0 0
6 Axita Cotton Limited Pooja Kushal Patel Relative of KMP and Promoter Group Remuneration 3000000 Not Applicable 1496000 0 0
7 Axita Cotton Limited Harsh Kalpeshbhai Shah CFO Any other transaction Salary Not Applicable 971000 0 0
8 Axita Cotton Limited Shyamsunder Panchal CS Any other transaction Salary Not Applicable 452000 0 0
9 Axita Cotton Limited Kunjal Jayantkumar Soni Non-Executive Independent Director Any other transaction Sitting Fees Not Applicable 25000 18000 11000
10 Axita Cotton Limited Vinod Kanubhai Rana Non-Executive Independent Director Any other transaction Sitting Fees Not Applicable 23000 14000 11000
11 Axita Cotton Limited Utsav Himanshu Trivedi Non-Executive Independent Director Any other transaction Sitting Fees Not Applicable 40000 16000 25000
12 Axita Cotton Limited Shivani Rajeshbhai Pathak Non-Executive Independent Director Any other transaction Sitting Fees Not Applicable 23000 16000 11000
13 Axita Cotton Limited Shobha Bharti Non-Executive Independent Director Any other transaction Sitting Fees Not Applicable 3000 0 2000
Total value of transaction during the reporting period 69174000