Integrated Filing — IndAS



General information about company
Scrip Code 533576
NSE Symbol VASWANI
MSEI Symbol NOTLISTED
ISIN INE590L01019
Name of company VASWANI 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 26-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 Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   18:00:00
End date and time of board meeting 30-May-2025   21:00:00
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 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 2023-03-27
Indicate Company website link for updated RPT policy of the Company https://www.vaswaniindustries.com/Investors/investor_policies
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
No default on loans and debts durng the quarter



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 1154024000 4116359000
Other income 15244000 23717000
Total income 1169268000 4140076000
2 Expenses
(a) Cost of materials consumed 782132000 3008244000
(b) Purchases of stock-in-trade 99533000 316469000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 14505000 -49735000
(d) Employee benefit expense 38053000 130123000
(e) Finance costs 36388000 79911000
(f) Depreciation, depletion and amortisation expense 11140000 43968000
(f) Other Expenses
1 Other Expenses 121074000 444117000
Total other expenses 121074000 444117000
Total expenses 1102825000 3973097000
3 Total profit before exceptional items and tax 66443000 166979000
4 Exceptional items -35295000 -35295000
5 Total profit before tax 31148000 131684000
6 Tax expense
7 Current tax 6913000 22243000
8 Deferred tax 4366000 23399000
9 Total tax expenses 11279000 45642000
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 19869000 86042000
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 19869000 86042000
17 Other comprehensive income net of taxes 2294000 2294000
18 Total Comprehensive Income for the period 22163000 88336000
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 313462000 313462000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1061382000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.65 2.81
Diluted earnings (loss) per share from continuing operations 0.65 2.81
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.65 2.81
Diluted earnings (loss) per share from continuing and discontinued operations 0.65 2.81
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1119969000
Capital work-in-progress 671341000
Investment property 0
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 24078000
Trade receivables, non-current
Loans, non-current 172902000
Other non-current financial assets
Total non-current financial assets 196980000
Deferred tax assets (net)
Other non-current assets 55359000
Total non-current assets 2043649000
2 Current assets
Inventories 659354000
Current financial asset
Current investments 0
Trade receivables, current 82858000
Cash and cash equivalents 257655000
Bank balance other than cash and cash equivalents 192975000
Loans, current 271468000
Other current financial assets
Total current financial assets 804956000
Current tax assets (net)
Other current assets 111070000
Total current assets 1575380000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3619029000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 313462000
Other equity 1061382000
Total equity attributable to owners of parent 1374844000
Non controlling interest
Total equity 1374844000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1092804000
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 1092804000
Provisions, non-current 17047000
Deferred tax liabilities (net) 107011000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1216862000
Current liabilities
Current financial liabilities
Borrowings, current 469729000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3957000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 414667000
Total Trade payable 418624000
Other current financial liabilities
Total current financial liabilities 888353000
Other current liabilities 87085000
Provisions, current 29642000
Current tax liabilities (Net) 22243000
Deferred government grants, Current
Total current liabilities 1027323000
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 2244185000
Total equity and liabilites 3619029000
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)
1 Iron & Steel (Including Other Income) 1109492000 3924073000
2 Power (Including Other Income) 59775000 216003000
3 Real Estate 0 0
4 Agri Products 0 0
Total Segment Revenue 1169267000 4140076000
Less: Inter segment revenue 58184000 58184000
Revenue from operations 1111083000 3927040000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Iron & Steel (Including Other Income) 90879000 207207000
2 Power (Including Other Income) 11951000 39684000
3 Real Estate 0 0
4 Agri Products 0 0
Total Profit before tax 102830000 246891000
i. Finance cost 36387000 36387000
ii. Other Unallocable Expenditure net off Unallocable income 35295000 35295000
Profit before tax 31148000 131685000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Iron & Steel (Including Other Income) 1638340000 1638340000
2 Power (Including Other Income) 1327570000 1327570000
3 Real Estate 66775000 66775000
4 Agri Products 567000 567000
Total Segment Asset 3033252000 3033252000
Un-allocable Assets 585778000 585778000
Net Segment Asset 3619030000 3619030000
4 Segment Liabilities
Segment Liabilities
1 Iron & Steel (Including Other Income) 1326433000 1326433000
2 Power (Including Other Income) 737853000 737853000
3 Real Estate 0 0
4 Agri Products 0 0
Total Segment Liabilities 2064286000 2064286000
Un-allocable Liabilities 68932000 68932000
Net Segment Liabilities 2133218000 2133218000
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 post - employment defined benefit plans -416000 -416000
2 Fair value changes of investment in equity 3097000 3097000
Total Amount of items that will not be reclassified to profit and loss 2681000 2681000
2 Income tax relating to items that will not be reclassified to profit or loss 387000 387000
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 2294000 2294000



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 131684000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 79911000
Adjustments for decrease (increase) in inventories -197879000
Adjustments for decrease (increase) in trade receivables, current 99918000
Adjustments for decrease (increase) in trade receivables, non-current -67650000
Adjustments for decrease (increase) in other current assets -68081000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -18169000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 225639000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 86471000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 43968000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 2568000
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) 37889000
Other adjustments for non-cash items -803000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 223782000
Net cash flows from (used in) operations 355466000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 11856000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 343610000
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 1818000
Purchase of property, plant and equipment 650694000
Proceeds from sales of investment property 33708000
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 99729000
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 -628136000
Net cash flows from (used in) investing activities -1343033000
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 70000000
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 1233748000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 79911000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1223837000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 224414000
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 224414000
Cash and cash equivalents cash flow statement at beginning of period 226215000
Cash and cash equivalents cash flow statement at end of period 450629000





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 Amitabh Agrawal & Co. Yes 30-Apr-2026


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 Vaswani Industries Limited M/s Kwality Foundry Industries A partnership firm in which directors and promoters are partner Sale of goods or services Approved, where applicable 110333000 169570000 0
2 Vaswani Industries Limited M/s Kwality Foundry Industries A partnership firm in which directors and promoters are partner Purchase of goods or services Approved, where applicable 6424000 0 0
3 Vaswani Industries Limited C.G Ispat Private Limited Group Companies Loan Approved, where applicable 20245000 78000000 98245000
4 Vaswani Industries Limited Yashwant Vaswani Whole Time Director Remuneration Approved, where applicable 9000000 0 0
5 Vaswani Industries Limited Ravi Vaswani Relatives of KMP Any other transaction Salary Approved, where applicable 9000000 0 0
6 Vaswani Industries Limited Kushal Vaswani CFO Any other transaction Salary Approved, where applicable 9000000 0 0
7 Vaswani Industries Limited Sudha Vaswani Relatives of KMP Any other transaction Salary Approved, where applicable 4200000 0 0
8 Vaswani Industries Limited Manisha Vaswani Relatives of KMP Any other transaction Salary Approved, where applicable 3000000 0 0
9 Vaswani Industries Limited Tanya Vaswani Relatives of KMP Any other transaction Salary Approved, where applicable 3000000 0 0
10 Vaswani Industries Limited Jyotsna Vaswani Relatives of KMP Any other transaction Salary Approved, where applicable 3000000 0 0
Total value of transaction during the reporting period 177202000