Integrated Filing — IndAS



General information about company
Scrip Code 509692
NSE Symbol INDIANCARD
MSEI Symbol NOTLISTED
ISIN INE061A01014
Name of company INDIAN CARD CLOTHING COMPANY 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 25-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 Segment information disclosed under Consolidated Financial Statements as per IND AS 108
Start date and time of board meeting 29-May-2025   16:00:00
End date and time of board meeting 30-May-2025   12:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-05-29
Indicate Company website link for updated RPT policy of the Company https://cardindia.com/wp-content/uploads/2023/07/ICC-Policy-on-Related-Party-Transactions-Rev.-03-29.05.2023.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 88542000 360853000
Other income 150472000 438685000
Total income 239014000 799538000
2 Expenses
(a) Cost of materials consumed 20691000 109720000
(b) Purchases of stock-in-trade 373000 3696000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -5907000 216000
(d) Employee benefit expense 47588000 173384000
(e) Finance costs 6820000 25663000
(f) Depreciation, depletion and amortisation expense 11374000 42505000
(f) Other Expenses
1 Other expenses 64112000 207107000
Total other expenses 64112000 207107000
Total expenses 145051000 562291000
3 Total profit before exceptional items and tax 93963000 237247000
4 Exceptional items 104438000 761444000
5 Total profit before tax 198401000 998691000
6 Tax expense
7 Current tax 17000000 18400000
8 Deferred tax 10736000 61819000
9 Total tax expenses 27736000 80219000
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 170665000 918472000
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 170665000 918472000
17 Other comprehensive income net of taxes -457000 -917000
18 Total Comprehensive Income for the period 170208000 917555000
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 59411000 59411000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 3336040000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 28.73 154.59
Diluted earnings (loss) per share from continuing operations 28.73 154.59
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 28.73 154.59
Diluted earnings (loss) per share from continuing and discontinued operations 28.73 154.59
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 nKindly refer the PDF file of Financial Results for the quarter and year ended March 31, 2025 submitted to the exchange on May 30, 2025.



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 238951000
Capital work-in-progress 5901000
Investment property 65925000
Goodwill 0
Other intangible assets 2437000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 2162087000
Trade receivables, non-current
Loans, non-current 100000000
Other non-current financial assets 8588000
Total non-current financial assets 2270675000
Deferred tax assets (net) 0
Other non-current assets 136696000
Total non-current assets 2720585000
2 Current assets
Inventories 89599000
Current financial asset
Current investments 376319000
Trade receivables, current 84488000
Cash and cash equivalents 389543000
Bank balance other than cash and cash equivalents 5686000
Loans, current 0
Other current financial assets 10952000
Total current financial assets 866988000
Current tax assets (net) 24938000
Other current assets 38009000
Total current assets 1019534000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3740119000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 59411000
Other equity 3332899000
Total equity attributable to owners of parent 3392310000
Non controlling interest
Total equity 3392310000
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 16951000
Total non-current financial liabilities 16951000
Provisions, non-current 20709000
Deferred tax liabilities (net) 31506000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 69166000
Current liabilities
Current financial liabilities
Borrowings, current 128625000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 30208000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 72734000
Total Trade payable 102942000
Other current financial liabilities 24011000
Total current financial liabilities 255578000
Other current liabilities 17816000
Provisions, current 5249000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 278643000
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 347809000
Total equity and liabilites 3740119000
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
1 Remeasurement gain/(loss) on defined benefit plans 495000 -275000
2 Exchange Differences on translation of foreign operations -802000 -802000
Total Amount of items that will not be reclassified to profit and loss -307000 -1077000
2 Income tax relating to items that will not be reclassified to profit or loss 124000 -69000
3 Amount of items that will be reclassified to profit and loss
1 Changes in the fair value of debt instruments at FVOCI -33000 122000
2 Decimal Adjusted 15000 0
Total Amount of items that will be reclassified to profit and loss -18000 122000
4 Income tax relating to items that will be reclassified to profit or loss 8000 31000
5 Total Other comprehensive income -457000 -917000



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 998691000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 25663000
Adjustments for decrease (increase) in inventories -6742000
Adjustments for decrease (increase) in trade receivables, current 16069000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -7885000
Adjustments for decrease (increase) in other non-current assets 158000
Adjustments for other financial assets, non-current -644000
Adjustments for other financial assets, current -21000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 14859000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 3046000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 42505000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1159000
Adjustments for provisions, non-current -613000
Adjustments for other financial liabilities, current -32408000
Adjustments for other financial liabilities, non-current 2281000
Adjustments for unrealised foreign exchange losses gains 1676000
Adjustments for dividend income 3776000
Adjustments for interest income 55335000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -339889000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -792943000
Other adjustments to reconcile profit (loss) -3263000
Other adjustments for non-cash items 4200000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1131903000
Net cash flows from (used in) operations -133212000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 31099000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -164311000
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 958763000
Purchase of property, plant and equipment 154667000
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 905861000
Purchase of other long-term assets 1214486000
Cash advances and loans made to other parties 100000000
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 2488000
Interest received 60684000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 109345000
Net cash flows from (used in) investing activities 567988000
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 87300000
Payments of lease liabilities 6094000
Dividends paid 216000
Interest paid 19104000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -112714000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 290963000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 548000
Net increase (decrease) in cash and cash equivalents 291511000
Cash and cash equivalents cash flow statement at beginning of period 98033000
Cash and cash equivalents cash flow statement at end of period 389544000





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 P G BHAGWAT LLP Yes 31-May-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 The Indian Card Clothing Company Limited Multi Act Industrial Enterprises Ltd., Mauritius Ultimate Parent Loan Approved by the Audit Committee in its meeting held on July 29, 2019 0 0 0 Loan 0.0625 84 months Secured Working capital purposes, repayment of existing rupee Loan availed by the Company and for other general corporate purposes Textual Information(1)
2 The Indian Card Clothing Company Limited Multi Act Industrial Enterprises Ltd., Mauritius Ultimate Parent Any other transaction Interest Expenses Approved by the Audit Committee in its meeting held on July 29, 2019 6230000 0 0 Loan 0.0625 84 months Secured Working capital purposes, repayment of existing rupee Loan availed by the Company and for other general corporate purposes Textual Information(2)
3 The Indian Card Clothing Company Limited Garnett Wire Limited, U.K. Wholly Owned Subsidiary of the Company Sale of goods or services Not Applicable 11085000 0 0 Textual Information(3)
4 The Indian Card Clothing Company Limited ICC International Agencies Limited Wholly Owned Subsidiary of the Company Loan Not Applicable 6700000 7300000 14000000 Textual Information(4)
5 The Indian Card Clothing Company Limited ICC International Agencies Limited Wholly Owned Subsidiary of the Company Any other transaction Interest Income Not Applicable 232000 0 0 Textual Information(5)
6 The Indian Card Clothing Company Limited Multi Act Trade & Investments Private Limited Promoter, having Common Directors Purchase of goods or services Approved by the Audit Committee in its meeting held on February 12, 2022 1750000 0 0 Textual Information(6)
7 The Indian Card Clothing Company Limited Mr. Prashant K. Trivedi Non-Independent and Non-Executive Chairman Any other transaction Sitting fees as Director Not Applicable 210000 0 0
8 The Indian Card Clothing Company Limited Mr. Mehul K. Trivedi Non-Independent and Non-Executive Director designated as Deputy Chairman Any other transaction Sitting fees as Director Not Applicable 250000 0 0
9 The Indian Card Clothing Company Limited Mr. J M Kothary Non-Independent and Non-Executive Director Any other transaction Sitting fees as Director Not Applicable 200000 0 0
10 The Indian Card Clothing Company Limited Dr. Sangeeta S. Pandit Independent Director Any other transaction Sitting fees as Director Not Applicable 150000 0 0
11 The Indian Card Clothing Company Limited Mr. D. V. Bhatia Independent Director Any other transaction Sitting fees as Director Not Applicable 590000 0 0
12 The Indian Card Clothing Company Limited Mr. Chirag Shah Independent Director Any other transaction Sitting fees as Director Not Applicable 410000 0 0
13 The Indian Card Clothing Company Limited Mr. G. V. Aras Independent Director Any other transaction Sitting fees as Director Not Applicable 590000 0 0
14 The Indian Card Clothing Company Limited Ms. ShivangiI Kanvinde Independent Director Any other transaction Sitting fees as Director Not Applicable 150000 0 0
15 The Indian Card Clothing Company Limited Mr. Alok Misra Ex-Whole-time Director & CEO Any other transaction Payment Of Performance Linked Variable Pay Not Applicable 1683000 0 0
16 The Indian Card Clothing Company Limited Mr. S W. Karkamkar Executive Director Remuneration Not Applicable 1942000 0 0
17 The Indian Card Clothing Company Limited Mr. S W. Karkamkar Executive Director Any other transaction Sitting fees as Director Not Applicable 200000 0 0
18 The Indian Card Clothing Company Limited Mr. Darshan Sheth Chief Executive Officer Remuneration Not Applicable 4537000 0 0
19 The Indian Card Clothing Company Limited Dr. Sriram Swaminathan Chief Financial Officer Remuneration Not Applicable 3640000 0 0
20 The Indian Card Clothing Company Limited Mr. Amogh Barve Company Secretary Remuneration Not Applicable 1885000 0 0
21 The Indian Card Clothing Company Limited Multi-Act Select Opportunities Trust Investment Manager is Multi-Act Equity Consultancy Pvt. Ltd., Other related party having Common Directors Investment Not Applicable 12500000 0 0
Total value of transaction during the reporting period 54934000



Text Block
Textual Information(1) 1.Loans and Advances are towards the External Commercial Borrowing (ECB) facility availed from the Promoters payable but not due 1286.25. Difference in opening and closing is due to repayment of US$ 10,00,000 to lender and change in exchange rate. 2.Interest at fixed interest rate @ 6.25% per annum on each Advance for that interest period. 3.Tenure is 84 months and the Parties have mutually agreed that repayment of Principal amount shall commence after the Statutory Minimum Average Maturity Period of 5 years as defined under the External Commercial Borrowing (ECB) Framework of Reserve Bank of India. 4.Opening figures are the opening figures for the reporting period, i.e., as on 01.10.2024.
Textual Information(2) Interest Expenses on the outstanding ECB facility @ 6.25% per annum as agreed under the ECB Agreement. Opening and Closing Balances of income or expenditure of revenue nature have not been provided for all the transactions for Sr. no. 2 to Sr. no. 3 and from Sr. no. 5 to Sr. no. 20
Textual Information(3) Sales including freight (Including Freight)
Textual Information(4) Loan given to ICC International Agenices Limited (ICCIAL), Wholly Owned Subsidiary of the Company of Rs. 67 Lakh.
Textual Information(5) Interest Income (Net of TDS) - Rs. 2.32 Lakh.
Textual Information(6) Investment Advisory Fees Paid - Rs.17.50 Lakh