Integrated Filing — IndAS



General information about company
Scrip Code 522029
NSE Symbol WINDMACHIN
MSEI Symbol NOTLISTED
ISIN INE052A01021
Name of company WINDSOR MACHINES 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 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 26-May-2025   12:25:00
End date and time of board meeting 26-May-2025   14:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1208210000 3687211000
Other income 658000 15730000
Total income 1208868000 3702941000
2 Expenses
(a) Cost of materials consumed 790582000 2364112000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 20752000 21491000
(d) Employee benefit expense 125100000 550337000
(e) Finance costs 17298000 80309000
(f) Depreciation, depletion and amortisation expense 50938000 179589000
(f) Other Expenses
1 Other Expenses 161845000 511665000
Total other expenses 161845000 511665000
Total expenses 1166515000 3707503000
3 Total profit before exceptional items and tax 42353000 -4562000
4 Exceptional items 1941000 203675000
5 Total profit before tax 44294000 199113000
6 Tax expense
7 Current tax 2143000 12018000
8 Deferred tax 83585000 219350000
9 Total tax expenses 85728000 231368000
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 -41434000 -32255000
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 -41434000 -32255000
17 Other comprehensive income net of taxes -688000 34753000
18 Total Comprehensive Income for the period -42122000 2498000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -41434000 74191000
Total profit or loss, attributable to non-controlling interests 0 -106447000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -41222000 108944000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 -106447000
21 Details of equity share capital
Paid-up equity share capital 168957000 168957000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 7172516000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.52 -0.47
Diluted earnings (loss) per share from continuing operations -0.42 -0.44
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 -0.52 -0.47
Diluted earnings (loss) per share from continuing and discontinued operations -0.42 -0.44
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 financial results were reviewed and recommended by the Audit Committee and were approved by the Board of Directors at its meeting held on May 26 2025 2 Segment Information Consolidated for the quarter and year ended March 31 2025 under SEBI LODR REGULATIONS 2015 3 Statement of Consolidated Assets and Liabilities as on March 31 2025 4 Consolidated Cash Flow Statement for the year ended March 31 2025 5 This statement has been prepared in accordance with the Companies Indian Accounting Standards Rules 2015 Ind AS prescribed under Section 133 of the Companies Act 2013 read with rule 3 of the Companies Indian Accounting Standard Rules 2015 and Companies Indian Accounting Standard Amendment Rules 2016 6 The company had executed the one time settlement OTS for inter corporate loans ICD outstanding net of Rs 5881 Lakhs during the period ended 30th September 2024 given in the earlier years Under the settlement the Company has received upfront payment of Rs 1875 Lakhs balance payment of Rs 4300 Lakhs will be received before 30th June 2025 including grace period The Company has waived total nonaccrued interest of Rs 5364 Lakhs starting from April 2019 reversed the provision of Rs 294 Lakhs on account of the receipt of the same under this settlement 7 The company had also settled interest bearing capital advance under OTS during the period ended 30th September 2024 Under this settlement the Company has received a total capital advance refund of Rs 2461 as onetime payment from the service provider 8 The voluntary judicial liquidation application filled with the Court of Brescia for Wintal Machines SRL Italy Wintal 100 percent subsidiary has been approved by the court on 30th December 2024 and the court has appointed administrator to take control of Wintal Accordingly the administrator has taken control on all the activities of the Wintal wef 30th December 2024 Consequent to the loss of control over said subsidiary and as per the requirements of Ind AS 110 Consolidated financial Statements unaudited financial results as certified by the management of Wintal Italy has been consolidated till 29th December 2024 The Company has recognised gain of Rs. 3791 lakhs under exceptional items in the consolidated financial statement pursuant to cessation of parentsubsidiary relationship with Wintal The Company has already provided for total investment receivables from Wintal in standalone accounts and it does not expect any proceeds from the above Judicial Liquidation 9 RCube Energy Storage Systems Pvt Ltd RCube the subsidiary of the Company has provided for the Capital Work In Progress of Rs 1923 Lakhs during the quarter ended on 30th September 2024 as the project was abandoned Consequently the net worth of Subsidiary has reduced from Rs 1971 Lakhs to Rs 47 Lakhs The Company has entered into an agreement on 9th January 2025 with the buyer to sell the entire stake of 44 percent in RCube & accordingly the sale transaction has been completed on 7th February 2025 Consequent to the loss of control over said subsidiary and as per the requirements of Ind AS 110 Consolidated financial Statements unaudited financial results as certified by the management of RCube has been consolidated till 6th February 2025 The Company has already provided for the entire investment of Rs 919 Lakhs in standalone financial results during the period ended 30th September 2024 net sale proceeds of Rs 33 Lakhs has been accounted as an exceptional income for the period ended 31st March 2025 10 The Company has completed acquisition of Global CNC Pvt Ltd Global on 13th February 2025 as per Share Purchase agreement entered on 11th November 2024 Accordingly Global has become subsidiary of the Company and the Company has taken control of the management of Global The purchase consideration paid has been allocated in accordance with the Ind AS 103 Business Combinations on the basis of fair value of the acquired assets and liabilities Accordingly the Company has recognised goodwill of Rs 31335 lakhs The results of consolidated accounts are included in the results from 14th February 2025 hence previous period figures are not comparable with current period 11 The Assessing Officer AO made certain additions to the Income Tax return of Company for AY 2012 in the past which Company appealed to CIT A CIT A cancelled additions made by AO The Income Tax Department challenged the CIT A decision before ITAT which has allowed appeals filed by revenue Company had filed a Miscellaneous Application MA to the ITAT but MA has been rejected Accordingly the Company has provided for the Tax liability which works out to be Rs 1585 Lakhs including interest up to the period ended on 31st March 2025 The Company has now filled appeal with Mumbai High court against the order of ITAT 12 For the Assessment year 2021 the Assessing officer disallowed business loss of Rs 3873 lacs for investment write off of subsidiary company and allowed Rs 5238 lacs as Long term/short term Capital losses in the past The Company had filed an appeal before CITA but to reduce the litigation the Company has applied for Direct Tax Vivaad se Vishwas Scheme 2024 DTVSV Scheme 2024 for AY 2021 Accordingly Income Tax expense of Rs 1396 lacs including interest has been booked and deferred tax liability reduction gain of Rs 1231 lacs during the current quarter 13 The Company has accounted for the following exceptional items of Rs 2037 Lakhs A CWIP provision in subsidiary RCube Energy Pvt Ltd Refer Note No 9 Q2 negative Rs 1922.56 Lakhs B Less Reversal of provision on receipt of funds for ICD on OTS Refer Note No 6 Q2 Rs 294 Lakhs C Add Past services claim setteled of service provider under OTS Refer Note No 7 Q2 Negative Rs 145 Lakhs D Less Gain on derecognition of Wintal assets and liabilities Refer Note No 8 Q3 Rs 3791 Lakhs E Add Gain on derecognition of RCube assets and liabilities Refer Note No 9 Q4 Rs 26 Lakhs nF Less Additional loss of Rcube vendor payment as per agreement Refer Note No 9 Q4 negative Rs 6.52 Lakhs nTotal Exceptional Items gain loss A minus B plus C minus D plus Eminus F Rs 2037 Lakhs 14 During the quarter under review the Company Issued and allotted the following securities by way of preferential allotment basis ni 2606202 fully paidup equity shares having face value of Rs 2 each at an issue price of Rs 191 each to person forming part of the promoter group of the Company ii 9121708 fully paidup equity shares having face value of Rs 2 each at an issue price of Rs 191 each to the Non-promoters of the Company iii 7818608 warrants each convertible into or exchangeable for one equity share with balance 75 percent amount payable within the period of 18 months from the date of allotment at a price of Rs 191 each to person forming part of the promoter group of the Company iv 18243419 warrants each convertible into or exchangeable for one equity share with balance 75 percent amount payable within the period of 18 months from the date of allotment at a price of Rs 191 each to the Non promoters of the Company Out of this 7818608 warrants are fully paid during the period accordingly equity shares have been issued 15 Previous period figures have been restated for prior period adjustments and regrouped reclassified wherever necessary to make them comparable with current period figures



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 3074865000
Capital work-in-progress 209112000
Investment property 0
Goodwill 3133477000
Other intangible assets 50911000
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 5000
Trade receivables, non-current 0
Loans, non-current 81000
Other non-current financial assets 40000
Total non-current financial assets 126000
Deferred tax assets (net) 46692000
Other non-current assets 258227000
Total non-current assets 6773410000
2 Current assets
Inventories 1442236000
Current financial asset
Current investments 0
Trade receivables, current 245835000
Cash and cash equivalents 916582000
Bank balance other than cash and cash equivalents 21324000
Loans, current 430000000
Other current financial assets 30989000
Total current financial assets 1644730000
Current tax assets (net) 0
Other current assets 161562000
Total current assets 3248528000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 10021938000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 168957000
Other equity 7172516000
Total equity attributable to owners of parent 7341473000
Non controlling interest 0
Total equity 7341473000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 65136000
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 228082000
Total non-current financial liabilities 293218000
Provisions, non-current 0
Deferred tax liabilities (net) 560595000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 853813000
Current liabilities
Current financial liabilities
Borrowings, current 35316000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 32934000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 798902000
Total Trade payable 831836000
Other current financial liabilities 70084000
Total current financial liabilities 937236000
Other current liabilities 444289000
Provisions, current 32385000
Current tax liabilities (Net) 412742000
Deferred government grants, Current 0
Total current liabilities 1826652000
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 2680465000
Total equity and liabilites 10021938000
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 Extrusion Machinery Division 371078000 1408711000
2 Injection Moulding Machinery 455680000 1909305000
3 CNC & VMC Machinery 380581000 380581000
4 Energy Storage Systems 0 0
Total Segment Revenue 1207339000 3698597000
Less: Inter segment revenue
Revenue from operations 1207339000 3698597000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Extrusion Machinery Division -21864000 13918000
2 Injection Moulding Machinery 28070000 225903000
3 CNC & VMC Machinery 57354000 57354000
4 Energy Storage Systems 2593000 -189892000
Total Profit before tax 66153000 107283000
i. Finance cost 17298000 17298000
ii. Other Unallocable Expenditure net off Unallocable income 6502000 6502000
Profit before tax 42353000 -4562000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Extrusion Machinery Division 2217418000 2217418000
2 Injection Moulding Machinery 1265861000 1265861000
3 CNC & VMC Machinery 724369000 724369000
4 Energy Storage Systems 0 0
Total Segment Asset 4207648000 4207648000
Un-allocable Assets 5814290000 5814290000
Net Segment Asset 10021938000 10021938000
4 Segment Liabilities
Segment Liabilities
1 Extrusion Machinery Division 864962000 864962000
2 Injection Moulding Machinery 508295000 508295000
3 CNC & VMC Machinery 278968000 278968000
4 Energy Storage Systems 0 0
Total Segment Liabilities 1652225000 1652225000
Un-allocable Liabilities 1028240000 1028240000
Net Segment Liabilities 2680465000 2680465000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) New segment wef 14022025 on acquisition of Global CNC Pvt Ltd Discontinuance on Sale of subsidiary wef 0702205 Rcube The segment assets and segment results include the assets and expenses respectively which are identifiable with each segment and amounts allocated to the respective segments on a reasonable basis



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 Remeasurement of the net defined benefit obligation gain / (loss) -688000 -5043000
2 Exchange differences on translation of foreign operations and loss 0 39796000
Total Amount of items that will not be reclassified to profit and loss -688000 34753000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 -688000 34753000



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 Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 199113000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 80309000
Adjustments for decrease (increase) in inventories -349499000
Adjustments for decrease (increase) in trade receivables, current 35023000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -229475000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 25153000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 299380000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -358445000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 179589000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -343000
Adjustments for provisions, non-current 163474000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 47076000
Adjustments for dividend income 0
Adjustments for interest income 2326000
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 -1776000
Other adjustments to reconcile profit (loss) -5043000
Other adjustments for non-cash items -425663000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -542566000
Net cash flows from (used in) operations -343453000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 69700000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -413153000
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 174000
Purchase of property, plant and equipment 3480639000
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 -187419000
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 2326000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 336547000
Net cash flows from (used in) investing activities -2954173000
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 4624999000
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 11070000
Repayments of borrowings 266032000
Payments of lease liabilities 0
Dividends paid 32664000
Interest paid 80309000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 4257064000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 889738000
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 889738000
Cash and cash equivalents cash flow statement at beginning of period 26843000
Cash and cash equivalents cash flow statement at end of period 916581000





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 JBTM & Associates LLP Yes 30-Sep-2026