Integrated Filing — IndAS



General information about company
Scrip Code 521076
NSE Symbol ASIL
MSEI Symbol NOTLISTED
ISIN INE988A01026
Name of company AMIT SPINNING INDUSTRIES 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 21-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   17:00:00
End date and time of board meeting 30-May-2025   22:30:00
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? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(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 2024-03-29
Indicate Company website link for updated RPT policy of the Company www.girnarspintex.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 not made any default in payment of outstanding loan and debt securities hence disclosure of the same for the quarter ended March 31, 2025 does not apply to the company



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 331731000 1030885000
Other income 21861000 22113000
Total income 353592000 1052998000
2 Expenses
(a) Cost of materials consumed 169647000 700588000
(b) Purchases of stock-in-trade 35659000 36089000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 4862000 -5043000
(d) Employee benefit expense 5523000 25391000
(e) Finance costs 16379000 43715000
(f) Depreciation, depletion and amortisation expense 8930000 24172000
(f) Other Expenses
1 Other Expenses 53800000 203632000
Total other expenses 53800000 203632000
Total expenses 294800000 1028544000
3 Total profit before exceptional items and tax 58792000 24454000
4 Exceptional items 0 0
5 Total profit before tax 58792000 24454000
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 58792000 24454000
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 58792000 24454000
17 Other comprehensive income net of taxes 408000 408000
18 Total Comprehensive Income for the period 59200000 24862000
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 20585000 20585000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 404937000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 21.57 9.06
Diluted earnings (loss) per share from continuing operations 21.57 9.06
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 21.57 9.06
Diluted earnings (loss) per share from continuing and discontinued operations 21.57 9.06
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) nNotes :t t n1tThe above financial results have been reviewed by the audit committee and approved by Board of Directors in the meeting held on 30th May 2025. n2tThe Statutory Auditors have carried out audit of the Financial Results of the Company for the year and quarter ended 31st March 2025 n3tThe Company has adopted Indian Accounting Standards Ind AS notified by the Ministry of Corporate Affairs with effect from 1st April 2017. Accordingly the financial results for the year and quarter ended 31st March 2025 are in compliance with Ind AS and the results for the comparative year and quarter ended 31st March 2024 have been restated to comply with Ind-AS to make them comparable. n4tThe figures of previous comparative year and quarter ended 31st March 2024 have been re grouped/recasted/rearranged wherever considered necessary to make them comparable with those of the current quarter. n5tThe balances of parties under the head trade payables and loans & advances which are subject to confirmation reconciliation and consequential adjustments if any. n6tPursuant to the corporate insolvency resolution process under the Insolvency and Bankruptcy Code 2016 initiated on 1st August 2017 and approved by the National Company Law Tribunal NCLT vide its order dated 31.07.2018 the Resolution Plan the Plan as submitted by Mr. Deepak C. Choudhari and Mr. Jitendrakumar G. Chopra the extinguishment of shares reduction in the face value of existing shares from Rs. 5 per share to Rs. 0.50 per share and again consolidation of shares to Rs.5 per share face value have been given effect to during F Y 2020-21 with corresponding effect to Insolvency and Bankruptcy Reserve pending approval of SEBI in this respect. n7tThe Company is in the business of manufacturing Cotton Yarn having similar characteristics and reviewed by the Chief Operating Decision Maker for assessment of Company's performance and resource allocation. As part of the forward intigration plan the company has acquired a Fabric Manufacturing unit on Slump Sale Basis which was effective from 01st March 2025. The said unit of fabric manufacturing and trading has contributed around 687 lakhs of revenue during the 1 month period. Despite the same the Company has only one reportable operating segment as per Ind AS 108 - Operating Segments i.e. Textile and allied activities. n8tThe figures for the quarter ended 31.03.2025 and 31.03.2024 represent the balance between audited figures in respect of the full financial year and those published till the third quarter of the respective financial year. n9tThe company is not require to prepare Consolidated Financial Statement since it does not have any subsidiary or associate company. n10tDisclosure pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19 2023 are as below n ta. Outstanding Qualified Borrowings at the start of the financial year Rs. 19.03 Crores n tb. Outstanding Qualified Borrowings at the end of the financial year Rs. 31.12 Crores n tc. Highest credit rating of the company relating to the unsupported bank borrowings or plain vanilla bonds which have no structuring/support built in. - Not Applicable n td. Incremental borrowing done during the year qualified borrowing Rs. NIL Crores n te. Borrowings by way of issuance of debt securities during the year Rs. NIL Crores n n



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 1038656000
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 2924000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 11494000
Total non-current financial assets 14418000
Deferred tax assets (net) 0
Other non-current assets 9172000
Total non-current assets 1062246000
2 Current assets
Inventories 90476000
Current financial asset
Current investments 0
Trade receivables, current 118074000
Cash and cash equivalents 407000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 0
Total current financial assets 118481000
Current tax assets (net) 0
Other current assets 12708000
Total current assets 221665000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1283911000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 20585000
Other equity 404937000
Total equity attributable to owners of parent 425522000
Non controlling interest
Total equity 425522000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 284031000
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 284031000
Provisions, non-current 1268000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 285299000
Current liabilities
Current financial liabilities
Borrowings, current 447159000
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 100357000
Total Trade payable 100357000
Other current financial liabilities 10392000
Total current financial liabilities 557908000
Other current liabilities 0
Provisions, current 15182000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 573090000
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 858389000
Total equity and liabilites 1283911000
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 -408000 -408000
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 408000 408000



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 24454000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 43715000
Adjustments for decrease (increase) in inventories -14690000
Adjustments for decrease (increase) in trade receivables, current -81527000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -2333000
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 32053000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 1811000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 24172000
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 -783000
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 -15839000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -11855000
Net cash flows from (used in) operations 12599000
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 12599000
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 65032000
Purchase of property, plant and equipment 331792000
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 783000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -6680000
Net cash flows from (used in) investing activities -272657000
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 306588000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 43715000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -2582000
Net cash flows from (used in) financing activities 260291000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 233000
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 233000
Cash and cash equivalents cash flow statement at beginning of period 174000
Cash and cash equivalents cash flow statement at end of period 407000





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 Nenawat and associates Yes 30-Sep-2027