General information about company |
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|---|---|
| Scrip code | 532960 |
| NSE Symbol | DHANI |
| MSEI Symbol | NOTLISTED |
| ISIN | INE274G01010 |
| Name of company | DHANI SERVICES 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 | 02-May-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 28-Apr-2025 |
| Description of presentation currency | INR (in Actuals) |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| 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 | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 02-May-2025 15:30:00 |
| End date and time of board meeting | 02-May-2025 18:45:00 |
| 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 — NBFC |
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|---|---|---|---|
| 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 | 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 | |||
| (i) | Interest Income | 639486000 | 2657718000 |
| (ii) | Dividend Income | 0 | 0 |
| (iii) | Rental Income | 0 | 0 |
| (iv) | Fees and commission Income | 248756000 | 1180513000 |
| (v) | Net gain on fair value changes | 10303000 | 109460000 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0 | 0 |
| (vii) | Sale of products (including Excise Duty) | 0 | 11000 |
| (viii) | Sale of services | 0 | 0 |
| (ix) | Other revenue from operations | ||
| Total other revenue from operations | |||
| Total Revenue From Operations | 898545000 | 3947702000 | |
| Other income | 457433000 | 921130000 | |
| Total income | 1355978000 | 4868832000 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0 | 0 | |
| Purchases of stock-in-trade | 0 | 0 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0 | 20000000 | |
| Employee benefit expense | 479308000 | 1901753000 | |
| Finance costs | 130842000 | 641984000 | |
| Depreciation, depletion and amortisation expense | 56807000 | 301367000 | |
| Fees and commission expense | 30652000 | 367325000 | |
| Net loss on fair value changes | 0 | 0 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0 | 0 | |
| Impairment on financial instruments | 182943000 | 556119000 | |
| (f) | Other expenses | ||
| 1 | Other expenses | 347516000 | 1220190000 |
| Total other expenses | 347516000 | 1220190000 | |
| Total expenses | 1228068000 | 5008738000 | |
| 3 | Total profit before exceptional items and tax | 127910000 | -139906000 |
| 4 | Exceptional items | 0 | 0 |
| 5 | Total profit before tax | 127910000 | -139906000 |
| 7 | Tax expense | ||
| 8 | Current tax | 26824000 | 203953000 |
| 9 | Deferred tax | 38193000 | 332627000 |
| 10 | Total tax expenses | 65017000 | 536580000 |
| 11 | Net Profit Loss for the period from continuing operations | 62893000 | -676486000 |
| 12 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 13 | Tax expense of discontinued operations | 0 | 0 |
| 17 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | 0 |
| 15 | Total profit (loss) for period | 62893000 | -676486000 |
| 16 | Other comprehensive income net of taxes | 20477000 | -6697292000 |
| 17 | Total Comprehensive Income for the period | 83370000 | -7373778000 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 71803000 | -548176000 | |
| Total profit or loss, attributable to non-controlling interests | -8910000 | -128310000 | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 92281000 | -7119121000 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | -8911000 | -254657000 | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 1216377000 | 1216377000 | |
| Face value of equity share capital | 2 | 2 | |
| 21 | Reserves excluding revaluation reserve | ||
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 0.12 | 0.95 | |
| Diluted earnings per share from continuing operations | 0.12 | 0.95 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 0.12 | 0.95 | |
| Diluted earnings per share | 0.12 | 0.95 | |
| 23 | Debt equity ratio | ||
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | Textual Information(1) | |
Remarks |
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|---|---|---|
| 23 | Debt equity ratio | |
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio | |
Text Block |
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| Textual Information(1) | |||
Cash flow statement, indirect |
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|---|---|---|---|
| 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 | -139906000 | ||
| Adjustments for reconcile profit (loss) | |||
| Adjustments for finance costs | 686423000 | ||
| Adjustments for decrease (increase) in inventories | -132917000 | ||
| Adjustments for decrease (increase) in trade receivables, current | 48823000 | ||
| 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 | 883544000 | ||
| Adjustments for other bank balances | 0 | ||
| Adjustments for increase (decrease) in trade payables, current | -406511000 | ||
| Adjustments for increase (decrease) in trade payables, non-current | 0 | ||
| Adjustments for increase (decrease) in other current liabilities | 0 | ||
| Adjustments for increase (decrease) in other non-current liabilities | 0 | ||
| Adjustments for depreciation and amortisation expense | 301367000 | ||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 556119000 | ||
| Adjustments for provisions, current | -51441000 | ||
| Adjustments for provisions, non-current | 0 | ||
| Adjustments for other financial liabilities, current | 560789000 | ||
| Adjustments for other financial liabilities, non-current | 0 | ||
| Adjustments for unrealised foreign exchange losses gains | -1341000 | ||
| Adjustments for dividend income | 0 | ||
| Adjustments for interest income | 2630758000 | ||
| Adjustments for share-based payments | 10261000 | ||
| Adjustments for fair value losses (gains) | -109460000 | ||
| 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 | -854048000 | ||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | ||
| Total adjustments for reconcile profit (loss) | -1139150000 | ||
| Net cash flows from (used in) operations | -1279056000 | ||
| Dividends received | 0 | ||
| Interest paid | 496338000 | ||
| Interest received | 2584308000 | ||
| Income taxes paid (refund) | -175377000 | ||
| Other inflows (outflows) of cash | 0 | ||
| Net cash flows from (used in) operating activities | 984291000 | ||
| 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 | -511754000 | ||
| 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 | 24707000 | ||
| Purchase of investment property | 0 | ||
| Proceeds from sales of intangible assets | 0 | ||
| Purchase of intangible assets | 36010000 | ||
| 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 | 23353000 | ||
| Net cash flows from (used in) investing activities | 523804000 | ||
| 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 | 1014459000 | ||
| Proceeds from borrowings | 0 | ||
| Repayments of borrowings | 1726842000 | ||
| Payments of lease liabilities | 178282000 | ||
| Dividends paid | 0 | ||
| Interest paid | 0 | ||
| Income taxes paid (refund) | 0 | ||
| Other inflows (outflows) of cash | 0 | ||
| Net cash flows from (used in) financing activities | -890665000 | ||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 617430000 | ||
| Effect of exchange rate changes on cash and cash equivalents | |||
| Effect of exchange rate changes on cash and cash equivalents | 43443000 | ||
| Net increase (decrease) in cash and cash equivalents | 660873000 | ||
| Cash and cash equivalents cash flow statement at beginning of period | 1993562000 | ||
| Cash and cash equivalents cash flow statement at end of period | 2654435000 | ||
Statement of Asset and Liabilities |
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|---|---|---|---|
| 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 | Finanical Asset | ||
| Cash and cash equivalents | 2654435000 | ||
| Bank Balance other than (a) above | 4078424000 | ||
| Derivative financial instruments | 0 | ||
| Receivables | |||
| (I) Trade Receivables | 496584000 | ||
| (II) Other Receivables | 0 | ||
| Loans | 12800483000 | ||
| Investments | 635057000 | ||
| Other Financial assets | 538435000 | ||
| Total Financial Assets | 21203418000 | ||
| 2 | Non Financial Asset | ||
| Inventories | 3175757000 | ||
| Current tax assets (Net) | 468272000 | ||
| Deferred tax Assets (Net) | 6337290000 | ||
| Investment Property | 39198000 | ||
| Biological assets other than bearer plants | 0 | ||
| Property, Plant and Equipment | 159817000 | ||
| Capital work-in-progress | 0 | ||
| Intangible assets under development | 5347000 | ||
| Goodwill | 679716000 | ||
| Other Intangible assets | 152369000 | ||
| Other non-financial assets (to be specified) | 5095390000 | ||
| Total Non Financial Assets | 16113156000 | ||
| Total assets | 37316574000 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 1216377000 | ||
| Other equity | 27141852000 | ||
| Total equity attributable to owners of parent | 28358229000 | ||
| Non controlling interest | 409947000 | ||
| Total equity | 28768176000 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | 0 | |
| (b) | Payables | 0 | |
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 67362000 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 0 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 368183000 | ||
| (C ) | Debt Securities | 285454000 | |
| (d) | Borrowings (Other than Debt Securities) | 4522464000 | |
| (e) | Deposits | 0 | |
| (f) | Subordinated Liabilities | 0 | |
| (g) | Other financial liabilities | 2573687000 | |
| Total Financial Liabilities | 7817150000 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 10947000 | |
| (b) | Provisions | 248808000 | |
| (C ) | Deferred tax liabilities (Net) | 0 | |
| (d) | Other non-financial liabilities | 471493000 | |
| Total Non Financial Liabilities | 731248000 | ||
| Total liabilities | 8548398000 | ||
| Total equity and liabilites | 37316574000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results |
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|---|---|---|---|
| Particulars | 3 months/ 6 month 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 |
| 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) | |||
| 1 | Financing, Digital wallet services and related activities | 651280000 | 2583826000 |
| 2 | E-Commerce and related activities | 0 | 251000 |
| 3 | Broking and related activities | 286209000 | 1336307000 |
| 4 | Real Estate development and related activities | 6759000 | 25027000 |
| 5 | Asset reconstruction and related activities | 123623000 | 639544000 |
| 6 | Others | 16460000 | 73512000 |
| Total Segment Revenue | 1084331000 | 4658467000 | |
| Less: Inter segment revenue | 185786000 | 710765000 | |
| Revenue from operations | 898545000 | 3947702000 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Financing, Digital wallet services and related activities | 38767000 | 743513000 |
| 2 | E-Commerce and related activities | -20848000 | -212484000 |
| 3 | Broking and related activities | -17966000 | 244350000 |
| 4 | Real Estate development and related activities | 363716000 | 321446000 |
| 5 | Asset reconstruction and related activities | -36398000 | -569823000 |
| 6 | Others | 0 | 0 |
| Total Profit before tax | 327271000 | 527002000 | |
| i. Finance cost | 109367000 | 461610000 | |
| ii. Other Unallocable Expenditure net off Unallocable income | 89994000 | 89994000 | |
| Profit before tax | 127910000 | -139906000 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Financing, Digital wallet services and related activities | 15205548000 | 15205548000 |
| 2 | E-Commerce and related activities | 0 | 0 |
| 3 | Broking and related activities | 6916284000 | 6916284000 |
| 4 | Real Estate development and related activities | 7262274000 | 7262274000 |
| 5 | Asset reconstruction and related activities | 4107977000 | 4107977000 |
| 6 | Others | 0 | 0 |
| Total Segment Asset | 33492083000 | 33492083000 | |
| Un-allocable Assets | 3824491000 | 3824491000 | |
| Net Segment Asset | 37316574000 | 37316574000 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Financing, Digital wallet services and related activities | 1499642000 | 1499642000 |
| 2 | E-Commerce and related activities | 0 | 0 |
| 3 | Broking and related activities | 1854292000 | 1854292000 |
| 4 | Real Estate development and related activities | 443732000 | 443732000 |
| 5 | Asset reconstruction and related activities | 199083000 | 199083000 |
| 6 | Others | 0 | 0 |
| Total Segment Liabilities | 3996749000 | 3996749000 | |
| Un-allocable Liabilities | 4551649000 | 4551649000 | |
| Net Segment Liabilities | 8548398000 | 8548398000 | |
| Disclosure of notes on segments | |||
Other Comprehensive Income |
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|---|---|---|---|
| Particulars | 3 months/ 6 month 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 | 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 | -21054000 | -22008000 |
| Total Amount of items that will not be reclassified to profit and loss | -21054000 | -22008000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | -3150000 | -3294000 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit or loss | 38381000 | -8454023000 |
| Total Amount of items that will be reclassified to profit and loss | 38381000 | -8454023000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | -1775445000 |
| 5 | Total Other comprehensive income | 20477000 | -6697292000 |
Details of Impact of Audit Qualification |
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| 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 | Hem Sandeep & Co | Yes | 31-Mar-2027 | ||
|---|---|---|---|---|---|
Financial details |
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| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1 | Turnover / Total income | 4868832000 | 4868832000 |
| 2 | Total Expenditure | 13506204000 | 5008738000 |
| 3 | Net Profit/(Loss) | -7398507000 | -676486000 |
| 4 | Earnings Per Share | -12.57 | -0.95 |
| 5 | Total Assets | 37316574000 | 37316574000 |
| 6 | Total Liabilities | 8548398000 | 8548398000 |
| 7 | Net Worth | 28088460000 | 28088460000 |
| 8 | Other comprehensive income | 24729000 | -6697292000 |
Standalone Audit qualification |
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| 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 | Whether appeared first time | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
Text Block |
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| Textual Information(1) | Following qualification has been given by the Auditors in the audit report on Consolidated Financial Statements of the Company for the year ended March 31, 2025: n nAs explained in Note 7 to the accompanying Statement, the Group has recorded impairment losses resulting from decline in some of its subsidiaries businesses and assets of trusts whose financial information is included in the Consolidated Financial Results. Management intends to grow its real estate business and has, on a prudent approach, re-assessed the recoverability of certain financial assets and has accordingly, recorded provisions for impairment due to expected credit loss of Rs. 47,448.40 Lakhs (net of deferred tax) to other comprehensive income and has recorded a provision of impairment loss of Rs. 19,771.80 Lakhs (net of deferred tax) to other comprehensive income on account of impairment of certain non-financial assets. n n na) We reproduce hereunder the Basis for qualified opinion issued by the respective independent auditors of the following subsidiary companies, on the annual financial statements for the year ended March 31, 2025, to the extent the same are found significant as per the Guidance issued by the Institute of Chartered Accountants of India, from time to time and which also forms the basis for qualified opinion in our audit report on the accompanying Statement: n n nIn respect of Indiabulls Nests Limited (formerly known as Indiabulls Distribution Services Limited) vide their audit report dated May 1, 2025 - As explained in Note 27 to the accompanying Financial Statements, the Company has recorded impairment loss due to expected credit loss of Rs. 15,947.22 lakhs (net of deferred tax) to Other Comprehensive income, instead of debiting the same to the Statement of Profit and Loss, which is not in accordance with the applicable Ind AS and consequently, the Companys loss after tax is understated and other comprehensive loss is overstated by the aforesaid amount. There is no resultant impact on the carrying value of the total equity, assets and liabilities of the Company n nIn respect of Indiabulls Urbanresidency Limited (formerly known as Indiabulls Investment Advisors Limited) vide their audit report dated May 1, 2025: As explained in Note 32 to the accompanying Financial Statements, the Company has recorded an impairment loss due to expected credit loss of Rs. 2,712.59 lakhs (net of deferred tax) to Other Comprehensive income, instead of debiting the same to the Statement of Profit and Loss, which is not in accordance with the applicable Ind AS and consequently, the Companys the profit after tax is overstated and other comprehensive loss is overstated by the aforesaid amount. There is no resultant impact on the carrying value of the total equity, assets and liabilities of the Company.t n nIn respect of Transerv Limited vide their audit report dated May 1, 2025 As explained in Note 26 to the accompanying Financial Statements, the Company has recorded impairment of unamortised cost of cards and unamortised customer acquisition costs of Rs. 9,532.89 lakhs (net of related deferred tax) to Other Comprehensive income instead of debiting the same to the Statement of Profit and Loss, which is not in accordance with the applicable Ind AS and consequently, the Companys the loss after tax is understated and other comprehensive loss is overstated by the aforesaid amount. There is no resultant impact on the carrying value of the total equity, assets and liabilities of the Company. n nIn respect of Dhani Loans and Services Limited vide their audit report dated May 2, 2025- As more fully explained in Note 45 to the accompanying standalone financial statements, the company has created a provision for impairment losses on certain non-financial assets amounting to Rs.4,123.21 Lakhs (Net of deferred tax) and derecognized certain financial assets amounting to Rs.14,118.57 Lakhs (Net of deferred tax). These amounts have been debited to other Comprehensive Income (OCI) instead of debiting the same to the Standalone Statement of Profit and Loss, which is not in strict accordance with the applicable India Accounting Standards (IndAS) and other applicable regulations. This indicates that if these were debited to the Standalone Statement of Profit and Loss for the year ended March 31 2025, the company would have reported a net loss (after tax) of Rs. 7145.85 Lakhs. Consequently, the Profit After tax for the year ended March 31 2025 has been overstated by the aforesaid amount. n nIn respect of Indiabulls Cityheights Limited (formerly known as Dhani Healthcare Limited) vide their audit report dated April 30, 2025 -Based on information provided to us by management, the Company has recorded impairment of certain non-financial assets, of Rs. 6,115.70 lakhs (net of deferred tax) and impairment loss due to expected credit loss of Rs. 239.12 (net of deferred tax), to Other Comprehensive income instead of debiting the same to the Statement of Profit and Loss, which is not in accordance with the applicable Ind AS and consequently, the Companys the loss after tax is understated and other comprehensive loss is overstated by the aforesaid amount. There is no resultant impact on the carrying value of the total equity, assets and liabilities of the Company. n nb) As explained in Note 7 to the accompanying Statement, the Group has recorded impairment loss of tRs.14,430.90 lakhs in respect of valuation of assets of five trusts included in the Statement, to Other Comprehensive income, instead of debiting the same to the Consolidated Statement of Profit and Loss, which is not in accordance with the applicable Ind AS and accordingly, the Groups loss after tax is understated and other comprehensive loss is overstated by the aforesaid amount for the year ended March 31, 2025. There is no resultant impact on the carrying value of the total equity, assets and liabilities of the Group. n nConsequently, the Groups net loss after tax is understated by Rs. 67,220.20 lakhs (net of deferred tax) and other comprehensive loss is overstated by the aforesaid amount. There is no resultant impact on the carrying value of the total equity, assets and liabilities of the Group. n |
| Textual Information(2) | The Group has recorded impairment losses resulting from decline in some of its subsidiaries businesses and assets of trusts whose financial information is included in the Consolidated Financial Results. n nManagement intends to grow its real estate business and has, on a prudent approach, re-assessed the recoverability of certain financial assets and has accordingly, recorded provisions for impairment due to expected credit loss of Rs. 47,448.40 Lakhs (net of deferred tax) to other comprehensive income and has recorded a provision of impairment loss of Rs. 19,771.80 Lakhs (net of deferred tax) to other comprehensive income on account of impairment of certain non-financial assets for the year from April 1, 2024 to March 31, 2025. Also, there is no resultant impact on the carrying amount of the total equity, total comprehensive income, total assets and total liabilities of the Company due to this exceptional treatment. n |
| Textual Information(3) | Not applicable |
| Textual Information(4) | Not applicable |
| Textual Information(5) | Not applicable |
Signatories details |
|
|---|---|
| Name of CEO / Managing director | Divyesh B. Shah |
| Name of CFO | Rajeev Lochan Agrawal |
| Name of audit committee chairman | Aishwarya Katoch |
| Name of statutory auditor | Hem Sandeep & Co. |
| Name of other signatory, if any, with designation | |
| Place | Gurugram |
| Date | 02-May-2025 |