Integrated Filing — IndAS



General information about company
Scrip Code 500282
NSE Symbol MODTHREAD
MSEI Symbol NOTLISTED
ISIN INE794W01014
Name of company MODERN THREADS (INDIA) 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 30-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 TEXTILE
Start date and time of board meeting 30-May-2025   14:30:00
End date and time of board meeting 30-May-2025   15:45:00
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 2025-02-14
Indicate Company website link for updated RPT policy of the Company https://modernwoollens.com/admin/public/uploads/1/2025-05/policy_on_related_party_transactions_2025.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



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 674145000 2600448000
Other income 40385000 98501000
Total income 714530000 2698949000
2 Expenses
(a) Cost of materials consumed 409130000 1505225000
(b) Purchases of stock-in-trade 62000 62000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -25288000 -1372000
(d) Employee benefit expense 99775000 383175000
(e) Finance costs 2673000 12363000
(f) Depreciation, depletion and amortisation expense 10872000 45081000
(f) Other Expenses
1 Manufacturing Expenses 125582000 491776000
2 Administrative and Selling Expenses 56433000 215099000
Total other expenses 182015000 706875000
Total expenses 679239000 2651409000
3 Total profit before exceptional items and tax 35291000 47540000
4 Exceptional items 0 0
5 Total profit before tax 35291000 47540000
6 Tax expense
7 Current tax 5133000 13847000
8 Deferred tax 0 0
9 Total tax expenses 5133000 13847000
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 30158000 33693000
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 30158000 33693000
17 Other comprehensive income net of taxes -568000 2100000
18 Total Comprehensive Income for the period 29590000 35793000
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 347752000 347752000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 979455000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.87 0.97
Diluted earnings (loss) per share from continuing operations 0.87 0.97
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 0.87 0.97
Diluted earnings (loss) per share from continuing and discontinued operations 0.87 0.97
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 447027000
Capital work-in-progress 50096000
Investment property 43737000
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 48000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 68169000
Total non-current financial assets 68217000
Deferred tax assets (net) 0
Other non-current assets 28850000
Total non-current assets 637927000
2 Current assets
Inventories 765916000
Current financial asset
Current investments 283296000
Trade receivables, current 468698000
Cash and cash equivalents 8671000
Bank balance other than cash and cash equivalents 9466000
Loans, current 0
Other current financial assets 5543000
Total current financial assets 775674000
Current tax assets (net) 968000
Other current assets 75810000
Total current assets 1618368000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2256295000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 347752000
Other equity 979455000
Total equity attributable to owners of parent 1327207000
Non controlling interest
Total equity 1327207000
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 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 0
Provisions, non-current 39905000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 103000
Total non-current liabilities 40008000
Current liabilities
Current financial liabilities
Borrowings, current 210347000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 12216000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 340088000
Total Trade payable 352304000
Other current financial liabilities 251414000
Total current financial liabilities 814065000
Other current liabilities 64719000
Provisions, current 10296000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 889080000
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 929088000
Total equity and liabilites 2256295000
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 568000 -2100000
5 Total Other comprehensive income -568000 2100000



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 47540000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 12363000
Adjustments for decrease (increase) in inventories -71528000
Adjustments for decrease (increase) in trade receivables, current -1900000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -33135000
Adjustments for decrease (increase) in other non-current assets -10693000
Adjustments for other financial assets, non-current -28557000
Adjustments for other financial assets, current -1381000
Adjustments for other bank balances 14634000
Adjustments for increase (decrease) in trade payables, current -20623000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 6103000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 45081000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 6087000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 4695000
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 6005000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 1990000
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) -82869000
Net cash flows from (used in) operations -35329000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 18428000
Other inflows (outflows) of cash -21554000
Net cash flows from (used in) operating activities -75311000
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 16814000
Purchase of property, plant and equipment 88355000
Proceeds from sales of investment property 1000000
Purchase of investment property 118501000
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 6005000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -183037000
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 -210347000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 12360000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 197987000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -60361000
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 -60361000
Cash and cash equivalents cash flow statement at beginning of period 69032000
Cash and cash equivalents cash flow statement at end of period 8671000





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 S S SURANA & COMPANY Yes 30-Jun-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 2698915000 2698949000
2 Total Expenditure 2651409000 2655022000
3 Net Profit/(Loss) 33693000 30080000
4 Earnings Per Share 0.97 0.86
5 Total Assets 2256295000 2256295000
6 Total Liabilities 929088000 1033862000
7 Net Worth 1327207000 1222433000


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 Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) (i) The company has not provided for Interest (Dividend) on cumulative redeemable preference shares for the quarter ended 31.03.2025 Rs. 8.92 Lakhs and for the year ended 31.03.2025 Rs. 36.13 Lakhs (cumulative Rs. 1047.74 Lakhs upto 31.03.2025). Cumulative Interest (Dividend) Rs. 1047.74 lakhs has not been provided for as the company is in process of settlement of remaining redeemable preference share capital.(ii) Balances of trade payables and trade receivables are subject to confirmation and consequential Adjustments, if any.
Textual Information(2) For the Audit Qualifications Company is in process of settlement with respective preference shareholders.
Textual Information(3) Unable to Estimate
Textual Information(4) For qualification (ii) the company is in process of identifying liability of trade Payables and trade receivables.
Textual Information(5) Managements Comments are self explanatory so no separate comments are required.


Signatories detail
Name of CEO / Managing director RAM AWATAR KABRA
Name of CFO PRABODH KUMAR NAHAR
Name of audit committee chairman ANKITA JAIN
Name of statutory auditor PRAHALAD GUPTA
Name of other signatory, if any, with designation NA
Place BHILWARA
Date 30-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 Modern Threads (India) Limited Rajesh Ranka Chairman & Managing Director Remuneration 269000 Omnibus approval by Audit Committee 269000 0 0
2 Modern Threads (India) Limited Ram Awatar Kabra Executive Director Remuneration 116000 Omnibus approval by Audit Committee 116000 0 0
3 Modern Threads (India) Limited Prabodh Kumar Nahar Chief Financial Officer Remuneration 128000 Omnibus approval by Audit Committee 128000 0 0
4 Modern Threads (India) Limited Banwari Lal Saini Company Secretary Remuneration 14000 Omnibus approval by Audit Committee 14000 0 0
5 Modern Threads (India) Limited Invitation Investment Private Limited Related Party Interest paid 93000 Omnibus approval by Audit Committee 93000 0 0
6 Modern Threads (India) Limited H M Ranka Foundation Related Party Any other transaction CSR Expenses 100000 Omnibus approval by Audit Committee 100000 0 0
7 Modern Threads (India) Limited Acharya Shri Nanesh Samta Vikas Trust Related Party Any other transaction CSR Expenses 320000 Omnibus approval by Audit Committee 320000 0 0
8 Modern Threads (India) Limited S L Ranka Foundation Related Party Any other transaction CSR Expenses 180000 Omnibus approval by Audit Committee 180000 0 0
9 Modern Threads (India) Limited Modern Polytex Limited Related Party Loan 6000000 Omnibus approval by Audit Committee 6000000 0 0
10 Modern Threads (India) Limited Modern Polytex Limited Related Party Interest paid 207000 Omnibus approval by Audit Committee 207000 0 0
11 Modern Threads (India) Limited Modern Polytex Limited Related Party Any other transaction Interest on purchase 700000 Omnibus approval by Audit Committee 700000 0 0
12 Modern Threads (India) Limited Anil Kumar Jain Company Secretary Remuneration 36000 Omnibus approval by Audit Committee 36000 0 0
Total value of transaction during the reporting period 8163000