Integrated Filing — IndAS



General information about company
Scrip Code 540923
NSE Symbol ASHOKAMET
MSEI Symbol NOTLISTED
ISIN INE760Y01011
Name of company ASHOKA METCAST 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 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-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 Multi segment
Description of single segment
Start date and time of board meeting 28-May-2025   16:30:00
End date and time of board meeting 28-May-2025   17:15:00
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 2024-04-27
Indicate Company website link for updated RPT policy of the Company http://www.ashokametcast.in/Reports/Policy/related-party-transaction-policy.pdf
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 n



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 0 17978000
Other income 2380000 29997000
Total income 2380000 47975000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 15481000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 398000 1220000
(e) Finance costs 2000 2000
(f) Depreciation, depletion and amortisation expense 488000 692000
(f) Other Expenses
1 Other Expenses 1151000 3571000
Total other expenses 1151000 3571000
Total expenses 2039000 20966000
3 Total profit before exceptional items and tax 341000 27009000
4 Exceptional items 0 0
5 Total profit before tax 341000 27009000
6 Tax expense
7 Current tax -228000 3107000
8 Deferred tax 1000 1000
9 Total tax expenses -227000 3108000
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 568000 23901000
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 568000 23901000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 568000 23901000
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 249960000 249960000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 138500000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.02 0.96
Diluted earnings (loss) per share from continuing operations 0.02 0.96
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 0.02 0.96
Diluted earnings (loss) per share from continuing and discontinued operations 0.02 0.96
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.tThe above financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 28, 2025. The Audit under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the statutory auditors. The Audit Report does not contain any observation which could have an impact on the results for the quarter/year ended March 31, 2025. n n2.tThe Company has first time adopted Indian Accounting Standards (“Ind AS”) from 1st April, 2023 and accordingly these results has been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34, Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting pronouncements generally accepted in India. n n3.tCompany currently operates in multi-segment of trading of steel and chemical activities. n n4.tPrevious Year/Period figures are regrouped and rearranged, whenever found necessary. n n5.tThe figures for Quarter ended 31st March, 2025 are the balancing figures between the audited financial results for the year ended 31st March, 2025 and the published financial results for nine months ended 31st December, 2024. n



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 2546000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 223264000
Trade receivables, non-current
Loans, non-current 136866000
Other non-current financial assets 3514000
Total non-current financial assets 363644000
Deferred tax assets (net) 208000
Other non-current assets
Total non-current assets 366398000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 32985000
Cash and cash equivalents 5013000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 1852000
Total current financial assets 39850000
Current tax assets (net)
Other current assets
Total current assets 39850000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 406248000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 249960000
Other equity 138500000
Total equity attributable to owners of parent 388460000
Non controlling interest
Total equity 388460000
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 8207000
Total non-current financial liabilities 8207000
Provisions, non-current 0
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 8207000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, 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 3935000
Total Trade payable 3935000
Other current financial liabilities
Total current financial liabilities 3935000
Other current liabilities 5646000
Provisions, current 0
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 9581000
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 17788000
Total equity and liabilites 406248000
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)
1 Steel Trading 0 0
2 Trading of Goods 0 17978000
3 Others 0 0
Total Segment Revenue 0 17978000
Less: Inter segment revenue
Revenue from operations 0 17978000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Steel Trading 0 0
2 Trading of Goods 0 2497000
3 Others 2380000 29997000
Total Profit before tax 2380000 32494000
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income 2039000 2039000
Profit before tax 341000 27009000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Steel Trading 30421000 30421000
2 Trading of Goods 2564000 2564000
3 Others 0 0
Total Segment Asset 32985000 32985000
Un-allocable Assets 373263000 373263000
Net Segment Asset 406248000 406248000
4 Segment Liabilities
Segment Liabilities
1 Steel Trading 3935000 3935000
2 Trading of Goods 0 0
3 Others 0 0
Total Segment Liabilities 3935000 3935000
Un-allocable Liabilities 13853000 13853000
Net Segment Liabilities 17788000 17788000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 27009000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current -1162000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -1197000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 2364000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 273000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
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 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 278000
Net cash flows from (used in) operations 27287000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -3107000
Other inflows (outflows) of cash -33013000
Net cash flows from (used in) operating activities -2619000
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 1500000
Proceeds from sales of investment property 43009000
Purchase of investment property 28899000
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 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -7502000
Net cash flows from (used in) investing activities 5108000
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 0
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 0
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2489000
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 2489000
Cash and cash equivalents cash flow statement at beginning of period 2524000
Cash and cash equivalents cash flow statement at end of period 5013000





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 GMCA & Co. Yes 31-May-2026


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 Ashoka Metcast Limited Payal Punit Pandya Company Secretary (KMP) Remuneration None 84000 0 14000
2 Ashoka Metcast Limited Rhetan TMT Limited Subsidiary Loan 1500000000 None 9570000 63250000 70720000 Loan 0 Repayble on Demand Loan 0 Repayble on Demand Unsecured Business Purpose
3 Ashoka Metcast Limited Lesha Industries Limited Entities where Key ManagerialnPersonnel/Director exercisensignificant influence Loan 1500000000 None 6172000 0 6172000 Loan 0 Repayble on Demand Loan 0 Repayble on Demand Unsecured Business Purpose
4 Rhetan TMT Limited Subha Ranjan Dash Chief Financial Officer (KMP) Loan 2000000000 None 100000 20000 117000
5 Rhetan TMT Limited Subha Ranjan Dash Chief Financial Officer (KMP) Remuneration None 320000 0 40000
6 Rhetan TMT Limited Ashok Shah Director Loan 2000000000 None 0 1205000 39000
7 Rhetan TMT Limited Ashnisha Industries Limited Entities where Key ManagerialnPersonnel/Director exercisensignificant influence Loan 2000000000 None 4400000 18571000 27050000 Loan 0 Repayble on Demand Loan 0 Repayble on Demand Unsecured Business Purpose
8 Rhetan TMT Limited Riddhi Shah Company Secretary (KMP) Remuneration None 244000 0 37000
9 Rhetan TMT Limited Gujarat Natural Resources Limited Entities where Key ManagerialnPersonnel/Director exercisensignificant influence Loan 2000000000 None 0 13700000 0 Loan 0 Repayble on Demand Loan 0 Repayble on Demand Unsecured Business Purpose
10 Rhetan TMT Limited Gujarat Natural Resources Limited Entities where Key ManagerialnPersonnel/Director exercisensignificant influence Any other transaction Trade Payables None 0 514000 514000
11 Rhetan TMT Limited Lesha Industries Limited Entities where Key ManagerialnPersonnel/Director exercisensignificant influence Purchase of goods or services None 14999000 10914000 18357000
12 Rhetan TMT Limited Ashnisha Industries Limited Entities where Key ManagerialnPersonnel/Director exercisensignificant influence Sale of goods or services None 20677000 1558000 1322000
Total value of transaction during the reporting period 56566000