Integrated Filing — IndAS



General information about company
Scrip Code 532831
NSE Symbol ABHISHEK
MSEI Symbol NOTLISTED
ISIN INE004I01017
Name of company ABHISHEK CORPORATION 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 23-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Textile
Start date and time of board meeting 30-May-2025   14:00:00
End date and time of board meeting 30-May-2025   20:00:00
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 2025-01-01
Indicate Company website link for updated RPT policy of the Company www.mahaalaxmitexpro.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
Company has neither borrowed any loans not issued any debt securities hence 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 8060000 46221000
Other income 33038000 33149000
Total income 41098000 79370000
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 7035000 31056000
(e) Finance costs 0 0
(f) Depreciation, depletion and amortisation expense 6403000 24369000
(f) Other Expenses
1 Operating and Other Expenses 29309000 75980000
Total other expenses 29309000 75980000
Total expenses 42747000 131405000
3 Total profit before exceptional items and tax -1649000 -52035000
4 Exceptional items -215870000 -200816000
5 Total profit before tax -217519000 -252851000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
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 -217519000 -252851000
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 -217519000 -252851000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -217519000 -252851000
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 33696000 33696000
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 -64.54 75.04
Diluted earnings (loss) per share from continuing operations -64.54 75.04
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 -64.54 75.04
Diluted earnings (loss) per share from continuing and discontinued operations -64.54 75.04
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above results are reviewed by the audit committee and approved by the Board of Directors at its meeting held on 30th May 2025 n2.Figures has been regrouped/rearranged/reclassifed/reworked wherever necessary. The amounts in the quarter ending on March 2025 are the balancing figures to the figures for the FY and the figures reported in the first 3 quarters. n3.The financial results for the above periods have been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind AS) as prescribed under section 133 of the Companies Act 2013 read with the relevent rules and circulars issued thereunder. n4.The management of the company is exploring various other business opportunities for the company and thereby the financial statements have been prepared on going concern basis. n5.During the year company operated in single business segment textile (as per Ind AS 108- Segment Reporting). n6.The company has sold its Fabric Manufacturing division and accoridngly the profit/loss arising out of it has been disclosed as exceptional items apart from the write off of the factory building the lease of which was discontinued and certain excess provisons of interest. n7.Disclosure pursuant to Sebi Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October19,2023 are as below: nA)Outstanding Qualified Borrowings at the start of the Financial Year ( Rs. In Crores)-250.71 nB)Outstanding Qualified Borrowings at the End of the Financial Year ( Rs. In Crores)-NIL nC)Highest Credit rating of the Company relating to the Un-Supported Bank Borrowings or plain Vanilla Bonds, Which have no Structuring /Support Built In:NA. The company has not undertaken any credit rating for the past several years. nD)Incremental Borrowing done During the year (Qualified borrowing) (Rs. In Crores):NIL nE)Borrwoings by way of Issuance of Debt Securities during the Year ( Rs. In Crores):NA



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 31150000
Capital work-in-progress 21297000
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 376000
Trade receivables, non-current 10370000
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 10746000
Deferred tax assets (net)
Other non-current assets
Total non-current assets 63193000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 20488000
Cash and cash equivalents 4920000
Bank balance other than cash and cash equivalents 0
Loans, current 4187000
Other current financial assets 29000
Total current financial assets 29624000
Current tax assets (net)
Other current assets
Total current assets 29624000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 92817000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 33696000
Other equity -37383000
Total equity attributable to owners of parent -3687000
Non controlling interest
Total equity -3687000
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
Total non-current financial liabilities 0
Provisions, non-current 786000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 786000
Current liabilities
Current financial liabilities
Borrowings, current 70283000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 12752000
Total Trade payable 12752000
Other current financial liabilities
Total current financial liabilities 83035000
Other current liabilities 12683000
Provisions, current 0
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 95718000
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 96504000
Total equity and liabilites 92817000
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
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -252851000
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 -20488000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 47615000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -63995000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -59452000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 24369000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 200816000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 128865000
Net cash flows from (used in) operations -123986000
Dividends received 0
Interest paid 0
Interest received -139000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -124125000
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 369328000
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 -1204000
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 139000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 4766000
Net cash flows from (used in) investing activities 373029000
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 -323052000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -323052000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -74148000
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 -74148000
Cash and cash equivalents cash flow statement at beginning of period 79069000
Cash and cash equivalents cash flow statement at end of period 4921000





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 ARNA & Associates Yes 31-Mar-2026


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 79370000 79370000
2 Total Expenditure 131376000 131376000
3 Net Profit/(Loss) -52006000 -372507000
4 Earnings Per Share 75.04 75.04
5 Total Assets 92817000 92817000
6 Total Liabilities 92817000 92817000
7 Net Worth -3687000 -3687000


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)tThe Company has incurred cash losses for the year 2024-25 to the extent of Rs.60.33 Lakhs (Previous Year Rs. 516.94 Lakhs). n nii)tThe Company has No undisputed statutory dues including provident Fund, income tax, Sales tax, Services Tax, duty of customs, duty of excise, value added tax, Cess and any other statutory dues which are due for more than 6 months. The disputed statutory dues have not been deposited and considered on account of disputed matters pending before appropriate authorities as on March 31, 2025 amounting to Rs. 13.13 Lakhs. n
Textual Information(2) i) As there is No undisputed statutory dues which are due since more than six month there is no change in adjusted Figures.
Textual Information(3) NA
Textual Information(4) i)tThe impact of cash losses cannot be quantified as the consequences of the same are not known at this point. nii)tPursuant to the Sale of the Company as a going concern under the Insolvency and Bankruptcy Process, 2016, all the liabilities of the company, including the statutory dues, shall be dealt with as per section 53 of the Insolvency and Bankruptcy Code 2016 and the balance liability have accordingly been de-recognized in the books of accounts. The distribution of the proceeds received out of the sale is ongoing and the appropriate dues as per Section 53 of the Insolvency and Bankruptcy Code 2016 shall be paid/distributed by the liquidator in due course. The said proceeds have been kept in a separate bank account/fixed deposit under the control of the liquidator. The interest/penalties on the said dues cannot be quantified by the management at this stage. n
Textual Information(5) NA


Signatories detail
Name of CEO / Managing director Deepak Choudhari
Name of CFO N
Name of audit committee chairman Dhruv Jain
Name of statutory auditor Rahul Agnihotri
Name of other signatory, if any, with designation NA
Place Kolhapur
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 Mahaalaxmi Texpro Limited Manibhadra Ploycot Pvt Ltd. Director of Counter party is KMP in Listed Company Sale of goods or services 2000000000 Approved 21644000 82452000 3279000 Textual Information(1)
2 Mahaalaxmi Texpro Limited Mahaalaxmi Textile Partner of Counter party is KMP in Listed Company Any other transaction Repayment of loan 2000000000 Approved 351164000 0 0 Textual Information(2)
3 Mahaalaxmi Texpro Limited Mahaalaxmi Textile Partner of Counter party is KMP in Listed Company Loan 2000000000 Approved 0 376651000 70283000 Textual Information(3)
Total value of transaction during the reporting period 372808000



Text Block
Textual Information(1) NA
Textual Information(2) NA
Textual Information(3) NA