Integrated Filing — IndAS



General information about company
Scrip Code 514274
NSE Symbol AARVEEDEN
MSEI Symbol NOTLISTED
ISIN INE273D01019
Name of company AARVEE DENIMS & EXPORTS 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 Multi segment
Description of single segment
Start date and time of board meeting 27-May-2025   16:30:00
End date and time of board meeting 27-May-2025   18:15:00
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 2025-01-30
Indicate Company website link for updated RPT policy of the Company www.aarveedenims.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? 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 75029000 424529000
Other income 379386000 1399059000
Total income 454415000 1823588000
2 Expenses
(a) Cost of materials consumed 73000 74229000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 423087000 788928000
(d) Employee benefit expense -7069000 52889000
(e) Finance costs 12132000 128440000
(f) Depreciation, depletion and amortisation expense 11525000 43513000
(f) Other Expenses
1 Other Expenses 175919000 407488000
Total other expenses 175919000 407488000
Total expenses 615667000 1495487000
3 Total profit before exceptional items and tax -161252000 328101000
4 Exceptional items 0 0
5 Total profit before tax -161252000 328101000
6 Tax expense
7 Current tax 0 0
8 Deferred tax -72542000 142662000
9 Total tax expenses -72542000 142662000
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 -88710000 185439000
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 -88710000 185439000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -88710000 185439000
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 234598000 234598000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -3.78 7.9
Diluted earnings (loss) per share from continuing operations -3.78 7.9
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 -3.78 7.9
Diluted earnings (loss) per share from continuing and discontinued operations -3.78 7.9
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 682184000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 110000
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 2188000
Total non-current financial assets 2188000
Deferred tax assets (net) 672544000
Other non-current assets 33759000
Total non-current assets 1390785000
2 Current assets
Inventories 80764000
Current financial asset
Current investments 0
Trade receivables, current 77646000
Cash and cash equivalents 134302000
Bank balance other than cash and cash equivalents 14621000
Loans, current 0
Other current financial assets 5156000
Total current financial assets 231725000
Current tax assets (net) 0
Other current assets 3737000
Total current assets 316226000
3 Non-current assets classified as held for sale 337114000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2044125000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 234598000
Other equity 122822000
Total equity attributable to owners of parent 357420000
Non controlling interest
Total equity 357420000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 486872000
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 70000
Total Trade payable 70000
Other non-current financial liabilities 0
Total non-current financial liabilities 486942000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 2051000
Total non-current liabilities 488993000
Current liabilities
Current financial liabilities
Borrowings, current 455721000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 5043000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 178520000
Total Trade payable 183563000
Other current financial liabilities 1225000
Total current financial liabilities 640509000
Other current liabilities 557203000
Provisions, current 0
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1197712000
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 1686705000
Total equity and liabilites 2044125000
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 textiles 75029000 424529000
2 power generation -wind farm 0 0
Total Segment Revenue 75029000 424529000
Less: Inter segment revenue 0 0
Revenue from operations 75029000 424529000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 textiles -149119000 456541000
2 power generation -wind farm 0 0
Total Profit before tax -149119000 456541000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 12132000 12132000
Profit before tax -161251000 328101000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 textiles 2044125000 2044125000
2 power generation -wind farm 0 0
Total Segment Asset 2044125000 2044125000
Un-allocable Assets 0 0
Net Segment Asset 2044125000 2044125000
4 Segment Liabilities
Segment Liabilities
1 textiles 1686705000 1686705000
2 power generation -wind farm 0 0
Total Segment Liabilities 1686705000 1686705000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1686705000 1686705000
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 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 0 0



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 328101000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 128440000
Adjustments for decrease (increase) in inventories 814940000
Adjustments for decrease (increase) in trade receivables, current 778110000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 4772000
Adjustments for decrease (increase) in other non-current assets -18285000
Adjustments for other financial assets, non-current 109000
Adjustments for other financial assets, current -3959000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -335513000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -305840000
Adjustments for increase (decrease) in other non-current liabilities -3752000
Adjustments for depreciation and amortisation expense 43513000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss -1248977000
Adjustments for provisions, current -11049000
Adjustments for provisions, non-current -5869000
Adjustments for other financial liabilities, current -30209000
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 -1353000
Other adjustments to reconcile profit (loss) 141537000
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) -53385000
Net cash flows from (used in) operations 274716000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 274716000
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 0
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 1813046000
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 1353000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 5371000
Net cash flows from (used in) investing activities 1819770000
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 1833959000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 128440000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1962399000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 132087000
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 132087000
Cash and cash equivalents cash flow statement at beginning of period 2215000
Cash and cash equivalents cash flow statement at end of period 134302000





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 Pankaj R Shah & Associates Yes 31-Oct-2027


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 Aarvee Denims and Exports Limited SEVEN FOOD LLP ASSOCIATED CONCERN Sale of goods or services 50000000 NA 3258000 0 0
2 Aarvee Denims and Exports Limited VIRENDRABHAI BHOGILAL & CO. ASSOCIATED CONCERN Any other transaction JOB CHARGES (WEAVING) 10000000 NA 6471000 0 0
3 Aarvee Denims and Exports Limited B S TEXTILES ASSOCIATED CONCERN Any other transaction JOB CHARGES (WEAVING) 10000000 NA 6471000 0 0
4 Aarvee Denims and Exports Limited TECH TEX ASSOCIATED CONCERN Sale of fixed assets 5600000 NA 5600000 0 0
5 Aarvee Denims and Exports Limited SEVEN FOOD LLP ASSOCIATED CONCERN Sale of fixed assets 2400000 NA 2400000 0 0
6 Aarvee Denims and Exports Limited VIRENDRABHAI BHOGILAL & CO. ASSOCIATED CONCERN Sale of fixed assets 2500000 NA 2000000 0 0
7 Aarvee Denims and Exports Limited B S TEXTILES ASSOCIATED CONCERN Sale of fixed assets 2500000 NA 2000000 0 0
8 Aarvee Denims and Exports Limited VIRENDRABHAI BHOGILAL & CO. ASSOCIATED CONCERN Purchase of fixed assets 35000000 NA 29661000 0 0
9 Aarvee Denims and Exports Limited B S TEXTILES ASSOCIATED CONCERN Purchase of fixed assets 35000000 NA 29661000 0 0
Total value of transaction during the reporting period 87522000