ALOKINDS2023-10-012023-12-31 ALOKINDS2023-10-012023-12-31 ALOKINDS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member ALOKINDS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member ALOKINDS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member ALOKINDS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member ALOKINDS2023-12-31 ALOKINDS2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ALOKINDS2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ALOKINDS2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ALOKINDS2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 521070 ALOKINDS NOTLISTED Alok Industries Limited Equity 2023-04-01 2024-03-31 2024-01-17 2024-01-17 INR Crores Third quarter 15:30:00 18:00:00 2024-01-17 2024-01-17 Not applicable Single segment TEXTILES 2023-10-01 2023-12-31 Unaudited Consolidated 12530300000.00 200000.00 12530500000.00 8147700000.00 5800000.00 607500000.00 1039300000.00 1439800000.00 790500000.00 2785000000.00 14815600000.00 -2285100000.00 0.00 -2285100000.00 11800000.00 0.00 11800000.00 0.00 -2296900000.00 0.00 0.00 0.00 -2300000.00 -2299200000.00 -11100000.00 -2310300000.00 0.00 0.00 0.00 0.00 4965300000.00 1 -0.46 -0.46 0.00 0.00 -0.46 -0.46 1) The above financial results for the quarter and nine months ended December 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 17, 2024 and have been subjected to review by the statutory auditors. 2) Alok Industries Limited ( the Holding Company ) underwent a corporate insolvency resolution process under section 31 of the Insolvency and Bankruptcy Code, 2016. A resolution plan was approved by the Hon'ble National Company Law Tribunal, Ahmedabad Bench (Approved Resolution Plan) vide its order dated March 8, 2019 and the implementation of the Approved Resolution Plan was concluded in the earlier year with the re-constitution of the Board of Directors of the Holding Company on September 14, 2020. 3) The Holding Company incurred a loss of Rs. 215.50 crore for the quarter and Rs. 606.83 crore for the nine months ended December 31, 2023 and has accumulated losses of Rs. 21,892.71 crore as on that date, its current liabilities exceeds its current assets by Rs. 819.08 crore and it has earned EBITDA of Rs. 2.18 crore for the quarter and Rs. 64.00 crore for the nine months ended December 31, 2023. The market condition is improving and considering the cash flow projection of the Holding Company, the financial results have been prepared on a going concern basis. 4) Considering the nature of its business activities and related risks and returns, the Group operates in a single primary business segment, namely Textiles , which constitutes a reportable segment in the context of Ind AS 108 on Operating Segments . 5) As per Clause 1.2 (xi) of Approved Resolution Plan, the outstanding debt amounting to Rs 17,384.02 crore assigned to Resolution Applicants shall not carry interest for the first 8 years from the Closing Date (as defined in the Approved Resolution Plan), hence such debt has been measured at cost. After such period of 8 years, the terms of assigned debt shall be mutually agreed among the Resolution Applicants and the Company. The Approved Resolution Plan has an overriding effect on the requirements of Ind AS, as per legal view obtained by the Company in this regard. Hence, had the Company applied the Ind AS, it would have recognised the assigned debt at its fair value and accordingly recognized the imputed interest cost over the period of loan in the statement of profit and loss. 6) As a part of its financial restructuring, the Company: (i) during the Quarter ended December 31, 2023, availed terms loans of Rs. 1,750/- crore from Axis Bank Limited and Rs. 1,700/- crore from State Bank of India, along with working capital facilities; (ii) on January 02, 2024, issued 3,300,00,00,000 9% Non-Convertible Redeemable Preference Shares of Re.1/- each for cash at par aggregating to Rs. 3,300/- crore to Reliance Industries Limited, on the terms and conditions as approved by the shareholders of the Company vide special resolution passed on December 23, 2023, and; (iii) utilised the proceeds to settle the earlier term loans and working capital loans and for other business use. 7) Previous periods / year have been reclassified / regrouped, wherever necessary, to correspond with those of the current periods. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 40402800000.00 153300000.00 40556100000.00 28222900000.00 27900000.00 -740300000.00 3473300000.00 4399900000.00 2474300000.00 8988100000.00 46846100000.00 -6290000000.00 0.00 -6290000000.00 11800000.00 0.00 11800000.00 0.00 -6301800000.00 0.00 0.00 0.00 -7100000.00 -6308900000.00 -221800000.00 -6530700000.00 0.00 0.00 0.00 0.00 4965300000.00 1 -1.27 -1.27 0.00 0.00 -1.27 -1.27 Other expenses 1270400000.00 Power & Fuel 1514600000.00 Other expenses 3762700000.00 Power & Fuel 5225400000.00 Remeasurements gains /(losses) on defined benefit plans -31200000.00 Remeasurements gains /(losses) on defined benefit plans -4600000.00 -31200000.00 -4600000.00 0.00 0.00 Exchange differences on translating the financial statements of a foreign operation 20100000.00 Exchange differences on translating the financial statements of a foreign operation -217200000.00 20100000.00 -217200000.00 0.00 0.00