INDLMETER2023-07-012023-09-30 INDLMETER2023-07-012023-09-30 INDLMETER2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member INDLMETER2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member INDLMETER2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 517571 INDLMETER NOTLISTED IMP Powers Limited Equity 2023-04-01 2024-03-31 2023-11-13 2023-11-02 INR Lakhs Half yearly 19:45:00 20:15:00 2023-11-13 2023-11-13 true Cash Flow Indirect Not applicable Single segment Electrical products like power & distrubution transformer, spares & hydeo project 2023-07-01 2023-09-30 Unaudited Standalone 9899000.00 0.00 9899000.00 5046000.00 0.00 6233000.00 10966000.00 895000.00 15356000.00 9268000.00 47764000.00 -37865000.00 0.00 -37865000.00 0.00 0.00 0.00 0.00 -37865000.00 0.00 0.00 0.00 0.00 -37865000.00 9000.00 -37856000.00 0.00 0.00 86366000.00 10 -4.38 -4.38 0.00 0.00 -4.38 -4.38 1. Pursuant to the application under section 9 of Insolvency and Bankruptcy Act, 2016 filed by one of the Operational Creditor, being C.P (1B) No 203 of 2020, the National Company Law Tribunal (NCLT), Ahmedabad Bench, admitted the application vide order dated 29.03.2022 and directed to initiate Corporate Insolvency Resolution Process (CIRP) against the Company. Shri. Mukesh Verma (IBBI/TPA-001/P-01665/2019-2020/12522) was appointed as the Interim Resolution Professional (IRP) and thereafter as Resolution Professional. Upon commencement of CIRP, the powers of the Board of Directors of the Company stand suspended and management of the Company vested with the IRP/Resolution Professional (RP). Committee of Creditors {COC) is constituted on the basis of collation of all claims by the IRP/RP and report is submitted to NCLT by IRP/RP. 2. The above unaudited standalone financial results which are in accordance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 read with SEBI circular dated July 05, 2016, have been prepared by the supporting staff of the company and approved by Resolution Professional. 3. The Company is primarily engaged in the business of Electrical products like Power & Distribution Transformers, its parts and Hydro projects which together constitute a single segment in accordance with the Accounting Standard on Segment Reporting (Ind AS 108) 4. Provision for interest and finance charges on outstanding finance liability has not been provided in above financial results. 5. In consonance with the stipulations contained in Section 14 of the Code, a moratorium has been declared vide the Order dated March 29, 2022 passed by the Hon'ble NCLT 6. The Company had reported losses during the quarter as well as in earlier years. Hence, the net worth of the Company has been fully eroded. There is strain on the working capital and operations of the Company and it is undergoing significant financial stress. As stated in Note No. 1, CIRP process was Initiated in respect of the Company w.e.f. March 29, 2022. The Company has assessed that the use of the going concern assumption is appropriate in the circumstances pending the CIRP process and these financial results have therefore been prepared on a going concern assumption considering the following: a) The Code requires the RP to, among other things, run the Company as a going concern during CIRP. b) The RP, in consultation with the Committee of Creditors {'CoC’) of the Company, in accordance with the provisions of the IBC, is making all endeavours to run the Company as a going concern with the assistance of the COC. 7. Figures of the previous periods have been regrouped / reclassified / rearranged where ever considered necessary to conform current period/ Year Classification. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 17209000.00 0.00 17209000.00 13778000.00 0.00 4175000.00 21876000.00 1311000.00 30735000.00 32094000.00 103969000.00 -86760000.00 0.00 -86760000.00 0.00 0.00 0.00 0.00 -86760000.00 0.00 0.00 0.00 0.00 -86760000.00 19000.00 -86741000.00 0.00 0.00 86366000.00 10 -10.05 -10.05 0.00 0.00 -10.05 -10.05 Other Expenses 9268000.00 Other Expenses 32094000.00 474979000.00 0.00 2264000.00 7748000.00 0.00 2032000.00 9780000.00 487023000.00 93331000.00 0.00 402515000.00 823000.00 49322000.00 164966000.00 617626000.00 101010000.00 811967000.00 28060000.00 1327050000.00 86388000.00 -2649889000.00 -2563501000.00 -2563501000.00 0.00 0.00 19673000.00 19673000.00 2475942000.00 654464000.00 602312000.00 3732718000.00 107886000.00 11658000.00 18616000.00 3870878000.00 3890551000.00 1327050000.00 1311000.00 6376000.00 0.00 -2007000.00 13437000.00 -1000.00 0.00 0.00 0.00 711000.00 0.00 -13484000.00 0.00 30735000.00 0.00 3946000.00 0.00 16203000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 57227000.00 -29533000.00 0.00 0.00 0.00 0.00 12739000.00 -16794000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10600000.00 0.00 0.00 0.00 0.00 0.00 0.00 -1311000.00 9289000.00 -7505000.00 0.00 -7505000.00 8328000.00 823000.00 -9000.00 -19000.00 0.00 0.00