Integrated Filing — IndAS



General information about company
Scrip Code 532890
NSE Symbol TAKE
MSEI Symbol NA
ISIN INE142I01023
Name of company TAKE SOLUTIONS 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 Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Consolidated
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 Life Sciences
Start date and time of board meeting 30-May-2025   13:00:00
End date and time of board meeting 30-May-2025   16:20:00
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



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-Oct-2024 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 Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 0 0
Other income 16960000 102190000
Total income 16960000 102190000
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 1400000 10950000
(e) Finance costs 2440000 19610000
(f) Depreciation, depletion and amortisation expense 100000 450000
(f) Other Expenses
1 Other Expenses 9980000 63800000
Total other expenses 9980000 63800000
Total expenses 13920000 94810000
3 Total profit before exceptional items and tax 3040000 7380000
4 Exceptional items 0 0
5 Total profit before tax 3040000 7380000
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 3040000 7380000
12 Profit (loss) from discontinued operations before tax -51840000 367020000
13 Tax expense of discontinued operations 0 -270000
14 Net profit (loss) from discontinued operation after tax -51840000 367290000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -48800000 374670000
17 Other comprehensive income net of taxes 360000 -450000
18 Total Comprehensive Income for the period -48440000 374220000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -48800000 374670000
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 360000 -600000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 146220000 146220000
Face value of equity share capital 1 1
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 0.02 0.05
Diluted earnings (loss) per share from continuing operations 0.02 0.05
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -0.35 2.51
Diluted earnings (loss) per share from discontinued operations -0.35 2.51
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.33 2.56
Diluted earnings (loss) per share from continuing and discontinued operations -0.33 2.56
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 Consolidated
Assets
1 Non-current assets
Property, plant and equipment 0
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 80000
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 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 0
Total non-current financial assets 0
Deferred tax assets (net) 0
Other non-current assets 129190000
Total non-current assets 129270000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 0
Cash and cash equivalents 33670000
Bank balance other than cash and cash equivalents 640000
Loans, current 0
Other current financial assets 122600000
Total current financial assets 156910000
Current tax assets (net) 0
Other current assets 78610000
Total current assets 235520000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 364790000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 146220000
Other equity 59050000
Total equity attributable to owners of parent 205270000
Non controlling interest 0
Total equity 205270000
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 -20000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities -20000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 210000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 14640000
Total Trade payable 14850000
Other current financial liabilities 85300000
Total current financial liabilities 100150000
Other current liabilities 57160000
Provisions, current 2230000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 159540000
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 159520000
Total equity and liabilites 364790000
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-Oct-2024 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 Consolidated Consolidated
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-Oct-2024 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 Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 210000 870000
Total Amount of items that will not be reclassified to profit and loss 210000 870000
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
1 Items that will be reclassified to profit or loss 150000 -1320000
Total Amount of items that will be reclassified to profit and loss 150000 -1320000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 360000 -450000



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 Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 7380000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 19610000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 2310000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 21050000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -114790000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -2440000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -15750000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 450000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 90000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 37760000
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 1860000
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 -114720000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -168290000
Net cash flows from (used in) operations -160910000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 2750000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -163660000
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 219810000
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 2250000
Net cash flows from (used in) investing activities 222060000
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 32000000
Payments of lease liabilities 0
Dividends paid 390000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -32390000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 26010000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 40000
Net increase (decrease) in cash and cash equivalents 26050000
Cash and cash equivalents cash flow statement at beginning of period 7620000
Cash and cash equivalents cash flow statement at end of period 33670000





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 Sundar Srini Sridhar Yes 30-Jun-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 102190000 102190000
2 Total Expenditure 94810000 94810000
3 Net Profit/(Loss) 374670000 374670000
4 Earnings Per Share 2.56 2.56
5 Total Assets 364790000 364790000
6 Total Liabilities 364790000 364790000
7 Net Worth 205270000 205270000
8 Any other financial item(s) (Profit /(Loss) from Discontinued Operations after tax) 367290000 367290000


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 Since how long continuing Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Since how long continuing Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Qualified opinion Since how long continuing Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Qualified opinion Whether appeared first time Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)


Text Block
Textual Information(1) As stated in Note No 5 to the statement tax assets appearing in the consolidated financial statements to an extent of INR 118.70 Million pertain to various assessment years relating to the financial periods ending upto March 31 2021. In the absence of sufficient appropriate evidence to corroborate the respective entitys managements assessment of recoverability of these balances we are unable to comment on the carrying value of above receivables and the shortfall if any on the amount that would be ultimately realizable from the tax authorities considering the fact that the Groups contingent liabilities as at 31 March 2025 include contingent liabilities aggregating to INR 720.99 Million pertaining to direct tax litigations pending before various forums relating to the above periods for which the assessment on whether the outflow of resource embodying economic benefits is probable or not as per the requirements of Ind AS 37 Provisions Contingent Liabilities and Contingent Assets is in progress. In the absence of sufficient appropriate audit evidence, we are unable to comment upon the appropriateness and classification of the aforesaid amounts as provision or contingent liabilities as at 31 March 2025 in accordance with Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets and the consequential impact if any on the total liabilities and loss of the Group as at and for the year then ended.
Textual Information(2) Not Applicable
Textual Information(3) Not Applicable
Textual Information(4) Tax Assets to the extent on 118.70 Million pertain to various assessment years relating to the financial periods ending upto March 31 2021, which according to the management are fully recoverable upon completion of the assessment or disposal of the appeals pending in various forums. The refunds are withheld or under process on account of disputes pending before various forums and no impairment is considered necessary. Further, Management expects a favourable outcome on the pending tax litigations.
Textual Information(5) Refer Details of Audit Qualifications stated in Row 13
Textual Information(6) Considering the business operations of the Company and its subsidiary Navitas LLP are severely impacted as stated in Note No 4 to the Statement, we are unable to comment on the usage or recoverability of indirect tax credit or receivables of INR 77.53 Million and the consequential impact if any on the total assets and loss of the Group as at and for the year thenended.
Textual Information(7) Not Applicable
Textual Information(8) Not Applicable
Textual Information(9) Management has actively engaged consultants to claim refunds where the same is allowed by Laws and balance amount can be carried forward and set off against any future tax liability that may arise once the business get revived.
Textual Information(10) Refer Details of Audit Qualifications stated in Row 14
Textual Information(11) As stated in Note No 4 to the Statement, the Group other than the disposed group constituting the discontinued operations has not carried out any operations during the year. Further significant deterioration in the value of the assets used to generate cash flows was seen over the last two years as evidenced by lower volume of business. In addition the Group has significant litigations under direct tax law and the outcome & impact of which is unascertainable. Furthermore, the Group has significant unpaid statutory dues. The ncumulative effect of these factors and the possible impact of the matters stated in paragraphs a and b above indicate the existence of a material uncertainty that may cast significant doubt on the Groups ability to continue as a going concern and therefore the Group may be unable to realize its assets and discharge its liabilities in the normal course of business. Despite the above factors the Consolidated Financial results have been prepared on a going concern basis and no adjustment has been made to the carrying value of nassets and liabilities as the Holding Company, during the reporting period has successfully divested its subsidiary Ecron Acunova Limited the proceeds of which were available to meet the pending statutory and debt obligations through this Financial Year. Further the Holding Company has pragmatically initiated conversations for diversification of operations to other verticals as subject to current non compete obligations applicable in the CRO industry. The Holding Companys strategy is to solicit mutually rewarding business partnerships or Mergers and Acquisitions in non-cash transactions and a positive closure of the deal is expected in the Financial Year 2026. While the plans for diversification of operations to other verticals are in the discussion stage the consequential impact on the going concern assumption is not ascertainable at this stage in the absence of detailed managements assessment on the entitys going concern and hence we are unable to comment on whether the preparation of consolidated financial results on a going concern basis is appropriate and on the consequential impact if any on the annual consolidated financial results. n
Textual Information(12) Not Applicable
Textual Information(13) Not Applicable
Textual Information(14) The Consolidated Financial Results have been prepared on a going concern basis and no adjustment has been made to the carrying value of assets and liabilities as TAKE Solutions Limited hereafter referred as the Holding Company during the reporting period ended has successfully divested its subsidiary Ecron Acunova Limited the proceeds of which has addressed the immediate liquidity requirements to meet pending statutory and debt obligations through this Financial Year and the Group has paid some of the statutory dues. Further the Holding Company has pragmatically initiated conversations for diversification of operations to other verticals as subject to current non compete obligations applicable in the CRO industry. The Holding Companys strategy is to solicit mutually rewarding business partnerships or Mergers and Acquisitions in non-cash transactions and a positive closure of the deal is expected in the Financial Year 2026.
Textual Information(15) Refer Details of Audit Qualifications stated in Row 15
Textual Information(16) As stated in Point 8c Other Income for the quarter and year includes write back of financial and non financial liabilities by Navitas LLP as Management feels these liabilities are no longer required to an extent of INR 16.44 Million and INR 46.53 Million respectively. In the absence of sufficient audit evidence to corroborate managements assessment of writing back these liabilities, we are unable to comment on the amounts recognized under other income for the quarter and year ended March 31 2025. Further no assessment was carried out to determine whether tax credits availed earlier on these items are to be adjusted or any further indirect tax liability to be recognised. In the absence of such assessment, we are unable to comment on the carrying value of input credits lying in the books of the subsidiary.
Textual Information(17) Not Applicable
Textual Information(18) Not Applicable
Textual Information(19) Management is of the opinion that these liabilities are no longer required and thus the same has been accordingly accounted for.
Textual Information(20) Refer Details of Audit Qualifications stated in Row 16


Signatories detail
Name of CEO / Managing director Cecily Dheepa
Name of CFO Vedamirtham Venkatesan
Name of audit committee chairman Pushpa Joshi
Name of statutory auditor V Vijay Krishna
Name of other signatory, if any, with designation
Place Chennai
Date 30-May-2025