Integrated Filing — IndAS



General information about company
Scrip Code 533482
NSE Symbol KRIDHANINF
MSEI Symbol NOTLISTED
ISIN INE524L01026
Name of company Kridhan Infra 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 27-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 Infra
Start date and time of board meeting 30-May-2025   19:00:00
End date and time of board meeting 30-May-2025   21:15:00
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 2025-05-30
Indicate Company website link for updated RPT policy of the Company www.kridhan.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
NA



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 25767000 25767000
Other income 2035000 4611000
Total income 27802000 30378000
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 816000 2202000
(e) Finance costs 17223000 17412000
(f) Depreciation, depletion and amortisation expense 723000 2933000
(f) Other Expenses
1 Other Expenses 922000 5383000
Total other expenses 922000 5383000
Total expenses 19684000 27930000
3 Total profit before exceptional items and tax 8118000 2448000
4 Exceptional items 44246000 720733000
5 Total profit before tax 52364000 723181000
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 52364000 723181000
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 52364000 723181000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 52364000 723181000
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 189558000 189558000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve -3004187000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.55 7.63
Diluted earnings (loss) per share from continuing operations 0.55 7.63
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 0.55 7.63
Diluted earnings (loss) per share from continuing and discontinued operations 0.55 7.63
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 166984000
Capital work-in-progress
Investment property 17500000
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 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 726000
Total non-current financial assets 726000
Deferred tax assets (net) 662000
Other non-current assets
Total non-current assets 185872000
2 Current assets
Inventories 0
Current financial asset
Current investments 644000
Trade receivables, current 4959000
Cash and cash equivalents 22184000
Bank balance other than cash and cash equivalents 331000
Loans, current 24247000
Other current financial assets 13179000
Total current financial assets 65544000
Current tax assets (net) 0
Other current assets 0
Total current assets 65544000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 251416000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 189558000
Other equity -3004187000
Total equity attributable to owners of parent -2814629000
Non controlling interest
Total equity -2814629000
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 9114000
Total non-current financial liabilities 9114000
Provisions, non-current 0
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 9114000
Current liabilities
Current financial liabilities
Borrowings, current 254682000
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 10228000
Total Trade payable 10228000
Other current financial liabilities 2787224000
Total current financial liabilities 3052134000
Other current liabilities 4797000
Provisions, current 0
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3056931000
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 3066045000
Total equity and liabilites 251416000
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 723181000
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 28345000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
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 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -96862000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 2933000
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 2780000
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 -719838000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -788202000
Net cash flows from (used in) operations -65021000
Dividends received 0
Interest paid 17412000
Interest received -2780000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -85213000
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 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties -97799000
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 0
Net cash flows from (used in) investing activities 97799000
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 -19809000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 17412000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 766000
Net cash flows from (used in) financing activities 3163000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 15749000
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 15749000
Cash and cash equivalents cash flow statement at beginning of period 6766000
Cash and cash equivalents cash flow statement at end of period 22515000





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 B.R. Kotecha & Co. Yes 31-Oct-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 30378000 30378000
2 Total Expenditure 27930000 27930000
3 Net Profit/(Loss) 723181000 723181000
4 Earnings Per Share 7.63 7.63
5 Total Assets 251416000 251416000
6 Total Liabilities 3066045000 3066045000
7 Net Worth -2814629000 -2814629000


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) In relation to Going Concern assumption, we nrefer to Note 6 & 7 of the Statement where it is mentioned that the Company nhas accumulated losses and its net worth stands fully eroded and there has nbeen defaults in repayment of working capital borrowings. Further, the nCompany has received an in-principle approval in respect of One Time nSettlement in respect of the debt due to its lenders, the same requires npayment of certain amounts by the company over a period of time, which is nunder process. Post payments, and final approval of the lenders the amount nof corresponding Liability shall be derecognized. The Company has naccumulated losses incurred in the past years which have resulted in nerosion of Company's Net worth. However, the management is of the view nthat its proposals of One Time Settlement submitted to the lenders and other ncost reduction measures adopted by the Company will be able to support the nCompany's continued operations and enable it to continue as a going nconcern. Accordingly, the financial results are prepared on going concern basis
Textual Information(2) The impact of the qualification is not quantified by the Auditor. n
Textual Information(3) The Impact of the same on the Consolidated financial statements of the nCompany is unascertainable.
Textual Information(4) The Management has made efforts to ascertain the balance nconfirmation from the lender. However, no balance confirmation from the nlender as on 31st March, 2025 has been received.
Textual Information(5) Auditor has not provided any comment on Management clarifications. n


Signatories detail
Name of CEO / Managing director Gautam Suri
Name of CFO Jagannath Sanjeeva Shetty
Name of audit committee chairman Mahdav Deshpande
Name of statutory auditor CA Bakulesh R Kotecha
Name of other signatory, if any, with designation NA
Place Mumbai
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 Kridhan Infra Limited Kridhan Infra Solutions Private Limited Subsidiary Company Loan 1088000 NA 1088000 88200000 87119000
2 Kridhan Infra Limited Kridhan Infra Solutions Private Limited Subsidiary Company Investment NA 0 9270000 9270000
3 Kridhan Infra Limited Anil Agrawal KMP Any other transaction Shares Alloted NA 0 52520000 52520000
4 Kridhan Infra Limited Anil Agrawal KMP Loan NA 0 2987000 2987000
5 Kridhan Infra Limited Anil Agrawal KMP Remuneration NA 0 104000 104000
6 Kridhan Infra Limited Nikki Agrawal (Prop. Of KrishnanTrading Relative of KMP Loan NA 0 951000 951000
7 Kridhan Infra Limited Krish Steel & Trading Private Limited. (Formerly Known As Kridhan Infrastructures Private Limited KMP interested concern Any other transaction Shares Alloted NA 0 22762000 22762000
8 Kridhan Infra Limited Krish Steel & Trading Private Limited. (Formerly Known As Kridhan Infrastructures Private Limited KMP interested concern Any other transaction Rental Income NA 0 292000 352000
9 Kridhan Infra Limited Kridhan Petrochemicals Private Limited KMP interested concern Any other transaction Shares Alloted NA 0 14000000 14000000
10 Kridhan Infra Limited Krishna Devi Agrawal KMP Any other transaction Shares Alloted NA 0 100000 100000
11 Kridhan Infra Limited Readymade Steel Singapore Pte Limited Subsidiary Company Investment NA 0 1117583000 1117583000
12 Kridhan Infra Limited Readymade Steel Singapore Pte Limited Subsidiary Company Loan NA 0 151675000 151675000
13 Kridhan Infra Limited Readymade Steel Singapore Pte Limited Subsidiary Company Dividend received NA 0 2562000 2562000
14 Kridhan Infra Limited Vijay Nirman Company Private Limited Associates Company Investment NA 0 984170000 984170000
15 Kridhan Infra Limited Vijay Nirman Company Private Limited Associates Company Any other transaction Working Capital Advance 15000000 NA 15000000 9429000 9429000
16 Kridhan Infra Limited Vijay Nirman Company Private Limited Associates Company Sale of goods or services 708000 NA 708000 1752000 2460000
17 Kridhan Infra Limited S Vijay Kumar KMP of Associate Company Advance NA 0 17500000 17500000
Total value of transaction during the reporting period 16796000