VIMTALABS2023-10-012023-12-31 VIMTALABS2023-10-012023-12-31 VIMTALABS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member VIMTALABS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member VIMTALABS2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 524394 VIMTALABS NOTLISTED Vimta Labs Limited Equity 2023-04-01 2024-03-31 2024-01-31 2024-01-19 INR Millions Third quarter 11:30:00 13:30:00 2024-01-31 2024-01-31 Not applicable Single segment CONTRACT RESEARCH AND TESTING SERVICES 2023-10-01 2023-12-31 Unaudited Standalone 800970000.00 8920000.00 809890000.00 194230000.00 0.00 150000.00 253410000.00 5320000.00 86440000.00 144360000.00 683910000.00 125980000.00 0.00 125980000.00 35620000.00 -4190000.00 31430000.00 0.00 94550000.00 0.00 0.00 0.00 0.00 94550000.00 -60000.00 94490000.00 94490000.00 0.00 44330000.00 2 4.26 4.20 0.00 0.00 4.26 4.20 1.The above unaudited standalone financial results for the quarter and nine months ended December 31, 2023 have been reviewed and recommended by the Audit Committee and approved by the Board in its meeting held on January 31, 2024. 2.The results for the quarter and nine months ended December 31, 2023 were subjected to Limited Review by the statutory auditors of the company. An unmodified report was issued by them thereon. 3.These unaudited standalone financials results of the Company are prepared in accordance with the Indian Accounting Standards (IND AS) prescribed under section 133 of the Companies Act, 2013 ( the Act ) read with relevant rules issued thereunder and other accounting principles generally accepted in India and the guidelines issued by the Securities and Exchange Board of India ( SEBI ) in this regard. 4.The management has identified the reportable segments in accordance with the requirements of Ind AS-108 'Operating Segments', and decided that the Company has only one reportable segment, viz. 'Contract Research and Testing Services'. 5. The company has entered into a Public Private Partnership (PPP) agreement with Food Safety and Standards Authority of India (FSSAI) on June 29, 2021 to setup, operate and transfer (SOT) a National food Testing Laboratory (NFL) in JNPT,Mumbai. In accordance with the provisions of Ind AS 115, this arrangement has been considered as a Service Concessionaire Arrangement (SCA) and accordingly, revenue and costs are allocatable between those relating to lab setup services and those relating to operation and maintenance services. Further, the Company has acquired the right to charge the customer for the services to be rendered which has been assessed as an intangible asset. Consequently, the amount of revenues from operations and lab setup expenses includes Rs. 0.05 million for the quarter ended December 31, 2023, Rs. 0.21 million for the quarter ended September 30, 2023, Rs. 14.92 million for the quarter ended December 31, 2022 and Rs. 19.86 million for year ended March 31, 2023, respectively representing the revenues relating to lab setup services provided under SCA, the costs of fulfilling the contract and the right to charge the customer for the services to be rendered, respectively. 6. Pursuant to ' Vimta Labs Employee Stock Option Plan 2021 (VLESOP-2021)', during the quarter ended and Nine months ended December 31,2023 , the company has allotted 18,018 Equity shares of Rs. 2 each and 36,376 Equity shares of Rs. 2 each upon exercise of Employee stock options by the eligible employees. Accordingly, the paid up share capital of the company stands increased from Rs.44.26 million to Rs.44.33 million for the period ended 31st March,2023 to 31st December,2023 respectively. In respect of stock options granted pursuant to the Company’s stock options plan, the fair value of the options is accounted as employee compensation expense over the vesting period. Consequently, the amount of employee benefits expense includes Rs.3.04 million for the quarter ended December 31,2023, Rs.4.10 million for the quarter ended September 30,2023, Rs.9.37 million for the quarter ended December 31,2022 and Rs.40.74 million for year ended March 31, 2023 respectively. 7.The previous period figures have been regrouped/rearranged wherever necessary to make it comparable with the current period. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 2345530000.00 35230000.00 2380760000.00 579450000.00 0.00 400000.00 749390000.00 15850000.00 259670000.00 416140000.00 2020900000.00 359860000.00 0.00 359860000.00 114590000.00 -24790000.00 89800000.00 0.00 270060000.00 0.00 0.00 0.00 0.00 270060000.00 -180000.00 269880000.00 269880000.00 0.00 44330000.00 2 12.18 12.00 0.00 0.00 12.18 12.00 Other Expenses 144360000.00 Other Expenses 416140000.00 -80000.00 -240000.00 -20000.00 -60000.00 0.00 0.00