Integrated Filing — IndAS



General information about company
Scrip Code 544364
NSE Symbol BAJAJINDEF
MSEI Symbol NOTLISTED
ISIN INE0O9T01021
Name of company Indef Manufacturing 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 22-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 material handling equipment
Start date and time of board meeting 27-May-2025   16:15:00
End date and time of board meeting 27-May-2025   18:30:00
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 2025-05-27
Indicate Company website link for updated RPT policy of the Company www.indef.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? Yes



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 515871000 1767153000
Other income 43004000 169790000
Total income 558875000 1936943000
2 Expenses
(a) Cost of materials consumed 273263000 942002000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -11575000 -7937000
(d) Employee benefit expense 65672000 236184000
(e) Finance costs 932000 4251000
(f) Depreciation, depletion and amortisation expense 12780000 51591000
(f) Other Expenses
1 OTHER EXPENSES 81876000 290384000
Total other expenses 81876000 290384000
Total expenses 422948000 1516475000
3 Total profit before exceptional items and tax 135927000 420468000
4 Exceptional items 0 0
5 Total profit before tax 135927000 420468000
6 Tax expense
7 Current tax 23641000 40827000
8 Deferred tax 10931000 37249000
9 Total tax expenses 34572000 78076000
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 101355000 342392000
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 101355000 342392000
17 Other comprehensive income net of taxes 1443000 347000
18 Total Comprehensive Income for the period 102798000 342739000
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 32000000 32000000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 2497821000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.17 10.7
Diluted earnings (loss) per share from continuing operations 3.17 10.7
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 3.17 10.7
Diluted earnings (loss) per share from continuing and discontinued operations 3.17 10.7
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 266916000
Capital work-in-progress 24455000
Investment property
Goodwill 0
Other intangible assets 47621000
Intangible assets under development 306000
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 1986070000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 6909000
Total non-current financial assets 1992979000
Deferred tax assets (net)
Other non-current assets 45855000
Total non-current assets 2378132000
2 Current assets
Inventories 221787000
Current financial asset
Current investments 0
Trade receivables, current 312160000
Cash and cash equivalents 54819000
Bank balance other than cash and cash equivalents 6552000
Loans, current 5946000
Other current financial assets 9407000
Total current financial assets 388884000
Current tax assets (net) 1569000
Other current assets 16047000
Total current assets 628287000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3006419000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 32000000
Other equity 2497821000
Total equity attributable to owners of parent 2529821000
Non controlling interest
Total equity 2529821000
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
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 28146000
Total non-current financial liabilities 28146000
Provisions, non-current 0
Deferred tax liabilities (net) 128733000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 156879000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 77617000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 144207000
Total Trade payable 221824000
Other current financial liabilities 24126000
Total current financial liabilities 245950000
Other current liabilities 42919000
Provisions, current 30819000
Current tax liabilities (Net) 31000
Deferred government grants, Current
Total current liabilities 319719000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 476598000
Total equity and liabilites 3006419000
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 -1928000 -463000
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 485000 116000
5 Total Other comprehensive income 1443000 347000



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 420468000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4251000
Adjustments for decrease (increase) in inventories 1664000
Adjustments for decrease (increase) in trade receivables, current -116735000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 6986000
Adjustments for decrease (increase) in other non-current assets 4299000
Adjustments for other financial assets, non-current -557000
Adjustments for other financial assets, current -5048000
Adjustments for other bank balances 875000
Adjustments for increase (decrease) in trade payables, current -5828000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -88327000
Adjustments for increase (decrease) in other non-current liabilities 200000
Adjustments for depreciation and amortisation expense 51591000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -5388000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -3089000
Adjustments for dividend income 0
Adjustments for interest income 20053000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -145067000
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 5094000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -315132000
Net cash flows from (used in) operations 105336000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 53275000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 52061000
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 100000
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 1053000
Purchase of property, plant and equipment 86209000
Proceeds from sales of investment property 0
Purchase of investment property 30000000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 20053000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -5946000
Net cash flows from (used in) investing activities -101149000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 19748000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -19748000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -68836000
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 -68836000
Cash and cash equivalents cash flow statement at beginning of period 123657000
Cash and cash equivalents cash flow statement at end of period 54821000





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 M/s. Kanu Doshi Associates LLP Yes 31-Dec-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 INDEF MANUFACTURING LIMITED Bajaj International Pvt Ltd Shri Shekhar Bajaj is Chairman Purchase of goods or services 30000 Yes 0 26700000 0
2 INDEF MANUFACTURING LIMITED Hind Musafir Agency Ltd Shri Shekhar Bajaj and Smt Minal Bajaj,nMother of ShrinNirav Nayan Bajaj Purchase of goods or services 5000000 Yes 3482000 467000 1426000
3 INDEF MANUFACTURING LIMITED The Hindustan Housing Co Ltd Smt Minal Bajaj, mother of Shri Nirav Nayan Bajaj is Director Purchase of goods or services 1500000 Yes 76000 10000 0
4 INDEF MANUFACTURING LIMITED Bajaj Allianz General Insurance Co Ltd Shri Niraj bajaj , brother of Shri Shekhar Bajaj and father of Shri Nirav nayan Bajaj is Director Purchase of goods or services 9500000 Yes 828000 -836000 -1435000
5 INDEF MANUFACTURING LIMITED Bajaj Finserv Asset Management Ltd Other than Promoter Group Investment 20000000 Yes 15000000 0 0
6 INDEF MANUFACTURING LIMITED Bajaj Electricals Ltd Promoter Group Purchase of goods or services 500000 Yes 331000 0 0
7 INDEF MANUFACTURING LIMITED Mukand Ltd Promoter Group Sale of goods or services 30000000 Yes 20960000 3432000 -17527000
8 INDEF MANUFACTURING LIMITED Mukand Sumi Special Steel Limited Shri Niraj bajaj , brother of Shri Shekhar Bajaj and father of Shri Nirav nayan Bajaj is Director Sale of goods or services 10000000 Yes 0 7239000 4481000
9 INDEF MANUFACTURING LIMITED Consolidated swift Industries Limited Wholly Owned Susidiary Inter-corporate deposit 60000000 Yes 59464000 0 0
10 INDEF MANUFACTURING LIMITED Shri Amit Bhalla Managing Director Remuneration 20758000 Yes 20758000 0 0
11 INDEF MANUFACTURING LIMITED Shri Girish Jethmalani KMP Remuneration 4496000 Yes 4496000 0 0
12 INDEF MANUFACTURING LIMITED Shri Bijay Agarwal KMP Remuneration 388000 Yes 388000 0 0
13 INDEF MANUFACTURING LIMITED Shri Vineesh Vijayan KMP Remuneration 601000 Yes 601000 0 0
Total value of transaction during the reporting period 126384000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0