Integrated Filing — IndAS



General information about company
Scrip Code 526576
NSE Symbol TECHIN
MSEI Symbol NOTLISTED
ISIN INE778A01021
Name of company TECHINDIA NIRMAN 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 15-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 Infrastructure Development
Start date and time of board meeting 26-May-2025   03:00:00
End date and time of board meeting 26-May-2025   06:00:00
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 Statement on impact of audit qualification
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 2024-04-01
Indicate Company website link for updated RPT policy of the Company www.techindianirman.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 0 0
Other income 3000 3000
Total income 3000 3000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 393000 1398000
(e) Finance costs 1597000 1597000
(f) Depreciation, depletion and amortisation expense 233000 433000
(f) Other Expenses
1 Selling and distribution expeses 0 0
2 Other Expenditure 247000 4276000
Total other expenses 247000 4276000
Total expenses 2470000 7704000
3 Total profit before exceptional items and tax -2467000 -7701000
4 Exceptional items 0 0
5 Total profit before tax -2467000 -7701000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 569000 569000
9 Total tax expenses 569000 569000
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 -3036000 -8270000
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 -3036000 -8270000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -3036000 -8270000
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 143260000 143260000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve -34056000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.21 -0.58
Diluted earnings (loss) per share from continuing operations -0.21 -0.58
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 -0.21 -0.58
Diluted earnings (loss) per share from continuing and discontinued operations -0.21 -0.58
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) Notes n n1)The NCLT hasappointed Mr Vallabh Narayandas Sawana (lP Registration No:- lBBl/lPA- OOlAP-P-O265212022-2023114114 of the company wef 02nd Jan 2025. These results have been reveiwed by him. The Statutory Aurditors of the Company have expressed mnodified opinion on the results n n2) The company is dealing in one major product segment: Real Estate Development n n3) lnvestor complaints - Opening Balance - 0, Received and Solved - 0, Closing Balance - O n n4) The frgures for the Quarter endrng 31 03 2025 arc lhe balanc ng frgures between audrted figures of the futt financral year and the year to date figures of the third quarter n n5) The figures have been regrouped/ rearrnaged where ever 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 220210000
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 19000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 533462000
Total non-current financial assets 533481000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 753691000
2 Current assets
Inventories 58931000
Current financial asset
Current investments 0
Trade receivables, current 0
Cash and cash equivalents 40146000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 24000
Total current financial assets 40170000
Current tax assets (net) 1855000
Other current assets 0
Total current assets 100956000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 854647000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 143260000
Other equity -34057000
Total equity attributable to owners of parent 109203000
Non controlling interest
Total equity 109203000
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 31000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 31000
Other non-current financial liabilities 0
Total non-current financial liabilities 31000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 31000
Current liabilities
Current financial liabilities
Borrowings, current 701054000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 121000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 121000
Other current financial liabilities 0
Total current financial liabilities 701175000
Other current liabilities 44026000
Provisions, current 212000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 745413000
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 745444000
Total equity and liabilites 854647000
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 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 -7701000
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 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 105457000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 2000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 13000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 41556000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 434000
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 52000
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) 147514000
Net cash flows from (used in) operations 139813000
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 139813000
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 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 601000
Net cash flows from (used in) investing activities 601000
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 102174000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -3000
Net cash flows from (used in) financing activities -102177000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 38237000
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 38237000
Cash and cash equivalents cash flow statement at beginning of period 1916000
Cash and cash equivalents cash flow statement at end of period 40153000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified 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
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 GAUTAM N ASSOCIATES, CHARTERED ACCOUNTANTS Yes 30-Jun-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 0 0
2 Total Expenditure 7701000 299740000
3 Net Profit/(Loss) -8276000 -300315000
4 Earnings Per Share -0.58 -20.96
5 Total Assets 854647000 854647000
6 Total Liabilities 854647000 854647000
7 Net Worth 109203000 -182835000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) 4.ta. The National Company Law Tribunal (NCLT) judicature at Mumbai vide its order dated 2nd January 2025 has started proceeding of Corporate Insolvency Resolution Process (CIRP) in accordance with the petition filed by Agritech India Limited for recovery of their dues. Further, the NCLT has appointed Interim Resolution Professional (now Resolution Professional) resultantly, the management of the company is now vested in Resolution Professional. Refer note no 28 to the financial statements. n nb. The company has not provided for accumulated interest liability of Rs. 2,920.39 (comprising of interest liability of Rs. 810.56 from 1st April 2024 to 02nd January 2025) in respect of loans of Rs. 6,435.93 granted in earlier years by Agritech India Limited, a group company. Further, the company has also not provided for interest on certain other unsecured loan for the period 3rd January 2025 to 31st March 2025. The loss for the current year, reserve & surplus and Current Financial Liabilities Borrowings are understated to that extent. Refer note no 14 (a)(i) and 16.1 to the Financial Statement. n nc. The standalone financial statements have been prepared on assumption of going concern adopting the fair value of the assets and liabilities reflected in the books of account despite the CIRP proceedings initiated by the NCLT for recovery of loans granted by Agritech India Limited. n nd. The penalty levied by the SEBI in respect of deficiencies in the disclosure requirement is borne by the company for the reasons mentioned in Note No. 32. ne. The accounts, including detailed transactions of Unsecured Loans, Loans and Advances (including advances to Real Estate Development Contractors), bank balances are subject to confirmations and reconciliations. The difference as may be noticed on reconciliation will be accounted for on completion thereof. In the opinion of the management, the ultimate difference will not be material. nf. The composition of board of directors was not in accordance with the prescribed regulations issued by the Securities and Exchange Board of India for listed entities during the period from 30th September 2023 till commencement of CIRP proceedings. ng. We are unable to express an opinion about the recoverability of advances Rs. 5,334.62 granted for real estate development. Refer note no 5 nh. In view of ongoing CIRP proceeding, we are unable to express our opinion regarding realization of expenses incurred on project development and stood as inventory in the financial statements. Refer note no 6.
Textual Information(2) Other qualifications are not quantifible except 4 (b) Since the matter is sub-judice before the H'ble NCLT the interest had not being provided
Textual Information(3) Other qualifications are not quantifible except 4 (b) Since the matter is sub-judice before the H'ble NCLT the interest had not being provided
Textual Information(4) not quantifible except 4 (b)
Textual Information(5) quantified where it was quantifiable


Signatories detail
Name of CEO / Managing director SATISH KAGLIWAL
Name of CFO SUNIL DIXIT
Name of audit committee chairman Vadla Nagabhushanam
Name of statutory auditor Gautam N Associates
Name of other signatory, if any, with designation Vallabh Narayandas Sawana, Insolvancy Professional
Place CHHATRAPATI SAMBHAJINAGAR
Date 29-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 TECHINDIA NIRMAN LIMITED AGRI-TECH (INDIA) LIMITED RELATED PARTY Any other transaction Opening Balance of Loans 0 NA 0 -643593000 -643593000
2 TECHINDIA NIRMAN LIMITED NATH BIO-TECHNOLOGIES LIMITED RELATED PARTY Loan 103146000 NA 103146000 14346000 117462000
3 TECHINDIA NIRMAN LIMITED DIZZI LAND FARMS PRIVATE LIMITED RELATED PARTY Any other transaction Loans and Advances recovered 245825000 NA 245825000 245845000 0
4 TECHINDIA NIRMAN LIMITED FERRY FAX FARMS PRIVATE LIMITED RELATED PARTY Any other transaction Opening Balance of Loans -1335000 NA 0 -1335000 -1335000
5 TECHINDIA NIRMAN LIMITED NATH BIO-GENES (INDIA) LIMITED RELATED PARTY Any other transaction Loans and Advances recovered -258551000 NA -258551000 -258551000 0
6 TECHINDIA NIRMAN LIMITED SUNIL DIXIT CHIEF FINANCIAL OFFICER Remuneration 952000 NA 952000 0 0
7 TECHINDIA NIRMAN LIMITED RAJSHREE JAIN COMPANY SECRETARY Remuneration 262000 NA 262000 0 0
Total value of transaction during the reporting period 91634000





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 20000000
B Of the total amount outstanding, amount of default as on date 20000000
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 701054000 Honble NCLT, Mumbai had passed order no CP(IB)/787 (MB)/2024 dated 2nd January 2025 and appoints IP. The total Financial Creditors as on 31 March 2025 (excluding interest) were as under: n nAgritech India Ltd Rs. 6435.94 Lacs nGemag Multitrade Private Limited Rs. 180.00 Lacs nJeen Bhavani Metals Private Limited Rs 100.00 Lacs nMaa Pahari Mercantiles Pvt Ltd. Rs. 100.00 Lacs nPaharimata Commodities Pvt Ltd. Rs. 100.00 Lacs