Integrated Filing — IndAS



General information about company
Scrip Code 533329
NSE Symbol INDTERRAIN
MSEI Symbol NOTLISTED
ISIN INE611L01021
Name of company INDIAN TERRAIN FASHIONS 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 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-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 Apparels and Accessories
Start date and time of board meeting 27-May-2025   12:05:00
End date and time of board meeting 27-May-2025   13:25:00
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 2024-02-14
Indicate Company website link for updated RPT policy of the Company www.indianterrain.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? Yes
No. of times funds raised during the quarter 1
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 895300000 3406000000
Other income 12300000 47600000
Total income 907600000 3453600000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 554600000 1833900000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -50700000 267100000
(d) Employee benefit expense 54200000 223000000
(e) Finance costs 44100000 209600000
(f) Depreciation, depletion and amortisation expense 40400000 179400000
(f) Other Expenses
1 Garment Processing Cost (as a part of Cost of Good Sold) 3800000 18700000
2 Other Expenses 299600000 1132000000
Total other expenses 303400000 1150700000
Total expenses 946000000 3863700000
3 Total profit before exceptional items and tax -38400000 -410100000
4 Exceptional items 0 0
5 Total profit before tax -38400000 -410100000
6 Tax expense
7 Current tax 0 0
8 Deferred tax -16700000 16500000
9 Total tax expenses -16700000 16500000
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 -21700000 -426600000
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 -21700000 -426600000
17 Other comprehensive income net of taxes 100000 -1000000
18 Total Comprehensive Income for the period -21600000 -427600000
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 91400000 91400000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 1736800000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.48 -9.48
Diluted earnings (loss) per share from continuing operations -0.48 -9.48
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 -0.48 -9.48
Diluted earnings (loss) per share from continuing and discontinued operations -0.48 -9.48
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1 The above audited results for the quarter and year ended 31st March 2025 as reviewed and recommended by the Audit Committee, have been approved by the Board of Directors ar its Meeting held on Tuesday, 27th May 2025 n n2 The Company operates exclusively in the segment of apparels and accessories. Consequently, there is no requirement of disclosure in the context of Indian Accounting Standards - 108 (Ind AS 108) n n3 The figures for the quarter ended 31st March 2025 and 31st March 2024 are the balancing figures between the audited figures in respect of the full financial year ended 31st March 2024 and 31st March 2025 and the unaudited published year to date figures upto 31st December 2024 and 31st December 2023 respectively n n4 During the quarter, the company had allotted 49,48,537 warrants convertible into Equity Shares at Rs. 50.52/- per Warrant on 31st March 2025. Out of the total amount to be received from issuance of Warrants, Company has received Rs. 18.70 Crore on March 2025 and the balance amount was received subsequently during the FY 2025-26 n n5 In compliance with the MSMED Act, 2006, interest of Rs. 3.93 Crore on delayed payments to registered MSME' has been provided for and disclosed under Other Expenses n n6 The previous period figures have been re-grouped / re-stated 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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 428200000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 0
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 138400000
Total non-current financial assets 138400000
Deferred tax assets (net) 186000000
Other non-current assets 0
Total non-current assets 752600000
2 Current assets
Inventories 707500000
Current financial asset
Current investments 3100000
Trade receivables, current 2366400000
Cash and cash equivalents 128500000
Bank balance other than cash and cash equivalents 308200000
Loans, current 0
Other current financial assets 1100000
Total current financial assets 2807300000
Current tax assets (net) 10300000
Other current assets 145700000
Total current assets 3670800000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4423400000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 91400000
Other equity 1736800000
Total equity attributable to owners of parent 1828200000
Non controlling interest
Total equity 1828200000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 11300000
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 437300000
Total non-current financial liabilities 448600000
Provisions, non-current 18000000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 466600000
Current liabilities
Current financial liabilities
Borrowings, current 850400000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 559900000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 264000000
Total Trade payable 823900000
Other current financial liabilities 424300000
Total current financial liabilities 2098600000
Other current liabilities 15700000
Provisions, current 14300000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2128600000
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 2595200000
Total equity and liabilites 4423400000
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 Re-measurement gains/(losses) on defined benefit plans 200000 -1300000
Total Amount of items that will not be reclassified to profit and loss 200000 -1300000
2 Income tax relating to items that will not be reclassified to profit or loss 100000 -300000
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 100000 -1000000



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 -410100000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 209600000
Adjustments for decrease (increase) in inventories 267100000
Adjustments for decrease (increase) in trade receivables, current 374100000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -4300000
Adjustments for decrease (increase) in other non-current assets -39300000
Adjustments for other financial assets, non-current -8600000
Adjustments for other financial assets, current 28800000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -512500000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 39400000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 179400000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 33000000
Adjustments for provisions, current -33100000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 112900000
Adjustments for other financial liabilities, non-current -13400000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 23700000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -6200000
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) 603200000
Net cash flows from (used in) operations 193100000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 700000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 192400000
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 32400000
Proceeds from sales of investment property 167900000
Purchase of investment property 76700000
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 2400000
Cash receipts from repayment of advances and loans made to other parties 5700000
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 20500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 82600000
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 2800000
Proceeds from issuing other equity instruments 187000000
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 76500000
Payments of lease liabilities 149800000
Dividends paid 0
Interest paid 209600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 97200000
Net cash flows from (used in) financing activities -148900000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 126100000
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 126100000
Cash and cash equivalents cash flow statement at beginning of period 2400000
Cash and cash equivalents cash flow statement at end of period 128500000





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 SRSV and Associates Yes 30-Apr-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 31-Mar-2025
Amount Raised 250000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Deployment towards working capital requirements and General Corporate Purpose Nil 1.87000045E+15 0 1.87000045E+15 0 Pursuant to requisite approval as laid down in the SEBI ICDR Regulations, out of overall issue of Rs. 25,00,00,090/-, the receipt of an amount aggregating to Rs. 18,70,00,045/- (74.80% consideration upfront of Issue Size) was approved vide circular resolution of the Board of Directors of the Company on 31st March 2025, considering the allotment of 49,48,537 Convertible Warrants on preferential basis to certain identified nonpromoter persons / entity (Allottees). The details of the remaining 25.20% amounting to Rs. 6,30,00,045/- which were received in the month of April 2025, shall be informed to the Board in the subsequent quarters


Signatory Details
Name of signatory Sainath Sundaram
Designation of person Company Secretary and Compliance Officer
Place Chennai
Date 27-May-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 Indian Terrain Fashions Limited Celebrity Fashions Ltd Entities with joint control Purchase of goods or services 400000000 NA 51000000 95800000 44800000
2 Indian Terrain Fashions Limited Mr. Venkatesh Rajagopal Chairman and Whole-time Director Remuneration NA 4800000 0 0
3 Indian Terrain Fashions Limited Mrs. Rama Rajagopal Non-Executive Non-Independent Director Any other transaction Sitting Fees NA 100000 0 0
4 Indian Terrain Fashions Limited Mr. Charath Ram Narsimhan Managing Director and CEO Remuneration NA 3600000 0 0
5 Indian Terrain Fashions Limited Mr. P S Raghavan Independent Director Any other transaction Sitting Fees NA 300000 0 0
6 Indian Terrain Fashions Limited Mr. Tarique Ansari Independent Director Any other transaction Sitting Fees NA 300000 0 0
7 Indian Terrain Fashions Limited Mrs. Nidhi Reddy Independent Director Any other transaction Sitting Fees NA 200000 0 0
8 Indian Terrain Fashions Limited Mr. Sheikh Sahenawaz Chief Financial Officer Remuneration NA 2700000 0 0
9 Indian Terrain Fashions Limited Mr. Sheikh Sahenawaz Chief Financial Officer Any other transaction Advance repayment NA 200000 200000 0 Advance 0 6 months Unsecured Educational purposes
10 Indian Terrain Fashions Limited Mr. Sainath Sundaram Company Secretary and Compliance Officer Remuneration NA 800000 0 0
Total value of transaction during the reporting period 64000000