Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol C2C
MSEI Symbol NOTLISTED
ISIN INE0U7V01015
Name of company C2C Advanced Systems Limited
Type of company SME
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 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
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 Aerospace & Defense
Start date and time of board meeting 30-May-2025   17:00:00
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 Not applicable
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 2024-01-19
Indicate Company website link for updated RPT policy of the Company https://c2c-as.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? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-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 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 718874000 1151111000
Other income 23218000 23478000
Total income 742092000 1174589000
2 Expenses
(a) Cost of materials consumed 790485000 1031661000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -491615000 -522758000
(d) Employee benefit expense 62597000 121794000
(e) Finance costs 8623000 9179000
(f) Depreciation, depletion and amortisation expense 11460000 17272000
(f) Other Expenses
1 Travelling Expenses 16004000 23975000
2 Professional and consultancy fees 27948000 31443000
3 Prepaid Rent Written Off 318000 400000
4 Rent Expenses 1654000 3840000
5 Electricity Expenses 2054000 3405000
6 Bank Charges 226000 282000
7 Commission & Brokerage 165000 165000
8 Repair & Maintenance 7658000 11205000
9 Freight 4112000 4112000
10 Other Expenses 20067000 27397000
Total other expenses 80206000 106224000
Total expenses 461756000 763372000
3 Total profit before exceptional items and tax 280336000 411217000
4 Exceptional items 0 0
5 Total profit before tax 280336000 411217000
6 Tax expense
7 Current tax 73027000 105940000
8 Deferred tax 16213000 16882000
9 Total tax expenses 89240000 122822000
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 191096000 288395000
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 191096000 288395000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period 191096000 288395000
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 43836000 166412000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1809482000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 12.64 21.07
Diluted earnings (loss) per share from continuing operations 12.64 21.07
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 12.64 21.07
Diluted earnings (loss) per share from continuing and discontinued operations 12.64 21.07
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 29450000
Capital work-in-progress 255674000
Investment property 0
Goodwill 0
Other intangible assets 109505000
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
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 0
Deferred tax assets (net) 0
Other non-current assets 15861000
Total non-current assets 410490000
2 Current assets
Inventories 588260000
Current financial asset
Current investments 0
Trade receivables, current 1099587000
Cash and cash equivalents 17182000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 238072000
Total current financial assets 1354841000
Current tax assets (net) 0
Other current assets 270892000
Total current assets 2213993000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2624483000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 166412000
Other equity 1809482000
Total equity attributable to owners of parent 1975894000
Non controlling interest
Total equity 1975894000
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 6325000
Deferred tax liabilities (net) 16679000
Deferred government grants, Non-current 0
Other non-current liabilities 81751000
Total non-current liabilities 104755000
Current liabilities
Current financial liabilities
Borrowings, current 376102000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1644000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 25664000
Total Trade payable 27308000
Other current financial liabilities
Total current financial liabilities 403410000
Other current liabilities 31875000
Provisions, current 108549000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 543834000
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 648589000
Total equity and liabilites 2624483000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) Explanatory notes to the Statement of audited Financial Results for the half year and year ended 31st March, 2025 n1) The above Financial Results which are published in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been reviewed and recommended by the Audit Committee and have been approved by the Board of Directors at its Meeting held on 30th May, 2025. n2) The Financial Results have been subjected to an audit by the Statutory Auditors of the Company and they have expressed an unmodified audit opinion. n3) The accompanying financial results include the results for the half year ended March 31, 2025 being the balancing figure between the audited figures in respect of the full financial year and the audited year to date figures up to the first half year ended as on 30th September, 2024 of the current financial year. n4) Previous period figures have been re-grouped / re-classified wherever necessary, to confirm to current period's classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021. n5) There are no unresolved investor complaints for the period under review. n6) Earning per shares are calculated on weighted average of the share capital outstanding during the year/half year/period EPS is not annualized. n7) As the company is listed on SME Platform of NSE, financial statements have been prepared as per IND-AS . n8) The Financial results have been prepared in accordance with the accounting standard as notified under section 133 of the Companies Act 2013 (Act), read with the relevant rules made thereunder and other accounting principles generally accepted in India. n9) The results for the half year and year ended 31st March 2025 are available on the NSE Limited website (URL: www.nseindia.com) n10) As the company do not have any Holding/Subsidiary/Joint Venture/Associate concern, no reporting has been made in this regards. n11) Issue of Equity shares through IPO: nThe Company has completed Initial Public Offer of 43,83,600 Equity Shares of the face value of Rs.10 each at an issue price of Rs.226 per Equity Share, comprising fresh issue of 43,83,600 shares aggregating to Rs. 9906.93 Lakhs. The Equity Shares of the Company were listed on 03rd December, 2024 on SME Platform of NSE Limited nThe total IPO Expenses incurred Rs.677.67 Lakhs has been adjusted against securities premium account. nThe details of utilization of proceeds from IPO are as follows: n nParticularstTotal AmounttUtilized upto 31st March 2025tUn-Utilized upto 31st March 2025 nIssue Related Expenses t750.00t677.67t72.33 nWorking Capital Requirementst4600.00t4600.00t- nPurchase of Fixed Assets & Fit-outst1931.10t1931.10t- nTowards Security Depositst160.00t106.00t54 nGeneral Corporate Purposet2465.83t1472.00t993.83 n n* Out of Net IPO proceeds which were unutilized as at March 31, 2025, INR 101.94 lakhs are lying in Escrow account maintained with Indusind Bank and INR 1018.22 lakhs are temporarily invested in fixed deposit maintain with Yes Bank. n



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 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-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 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 411217000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4505000
Adjustments for decrease (increase) in inventories -522757000
Adjustments for decrease (increase) in trade receivables, current -672636000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -190424000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -163342000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 3884000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 7819000
Adjustments for increase (decrease) in other non-current liabilities -5857000
Adjustments for depreciation and amortisation expense 17271000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1140000
Adjustments for provisions, non-current 5200000
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 8126000
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 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1523323000
Net cash flows from (used in) operations -1112106000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 40244000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -1152350000
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 30278000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 77000
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 255674000
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 7816000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -829000
Net cash flows from (used in) investing activities -279042000
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 922926000
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 376102000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 4505000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1294523000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -136869000
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 -136869000
Cash and cash equivalents cash flow statement at beginning of period 154051000
Cash and cash equivalents cash flow statement at end of period 17182000





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 03-Dec-2024
Amount Raised 990697000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable ICRA LIMITED
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding of capital expenditure towards purchase of fixed assests NA 193100000 0 193100000 0
2 Funding working capital requirements of our Company NA 460000000 0 460000000 0
3 Towards security deposit NA 16000000 0 16000000 0
4 General corporate purposes NA 246583000 0 147200000 0
5 Issue Related Expenses NA 75000000 0 67767000 0


Signatory Details
Name of signatory Manjeet Singh
Designation of person Company Secretary and Compliance Officer
Place New Delhi
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 C2C ADVANCED SYSTEMS LIMITED PVR Multimedia Private limited Promoter Company Advance 900000000 NA 2500000 2500000 0 Advance 0 call on demand Unsecured Business Purpose
2 C2C ADVANCED SYSTEMS LIMITED C2C Innovations Private limited Promoter Company Loan 900000000 NA 271803000 139408000 411211000 Loan 0 call on demand Unsecured Business Purpose
3 C2C ADVANCED SYSTEMS LIMITED Realtime Techsolutions Private limited Subsidiary of Promoter Company Any other transaction Reimbursement of Expenses 900000000 NA 13587000 0 13587000
4 C2C ADVANCED SYSTEMS LIMITED C2C Innovations Private limited Promoter Company Advance 900000000 NA 28603000 0 28603000 Advance 0 call on demand Unsecured Business Purpose
5 C2C ADVANCED SYSTEMS LIMITED Murtaza Ali Soomar Whole-time Director and CFO Remuneration 0 NA 2756000 235700000000 5113000
6 C2C ADVANCED SYSTEMS LIMITED Laxmi Chandra Managing Director Remuneration 0 NA 2756000 235700000000 5113000
7 C2C ADVANCED SYSTEMS LIMITED K.Ramesh Whole-time Director Remuneration 0 NA 3540000 265100000000 6192000
8 C2C ADVANCED SYSTEMS LIMITED Manjeet Singh Company Secretary Remuneration 0 NA 300000 30000000000 609000
Total value of transaction during the reporting period 325845000