AKSHAR2024-01-012024-03-31 AKSHAR2024-01-012024-03-31 AKSHAR2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member AKSHAR2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member AKSHAR2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 541303 AKSHAR NOTLISTED Akshar Spintex Limited Equity 2023-04-01 2024-03-31 2024-05-20 2024-05-11 INR Lakhs Yearly 15:00:00 15:45:00 2024-05-20 2024-05-20 true Cash Flow Indirect Declaration of unmodified opinion Single segment SPINNING OF COTTON YARN 2024-01-01 2024-03-31 Audited Standalone 481348000.00 7040000.00 488388000.00 318160000.00 126523000.00 -47651000.00 15844000.00 3901000.00 11244000.00 45145000.00 473166000.00 15222000.00 0.00 15222000.00 5681000.00 -33000.00 5648000.00 0.00 9574000.00 0.00 0.00 0.00 0.00 9574000.00 -920000.00 8654000.00 0.00 0.00 299988000.00 1 0.03 0.03 0.00 0.00 0.03 0.03 1.The Company's financial results for the quarter & year ended 31st March, 2024 have been reviewed by the Audit Committee and subsequently approved & taken on record by the Board of Directors of the Company at its meeting held on 20th May, 2024. The statutory auditors have expressed an unmodified audit opinion on these financial results. 2.The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under section 133 of The Companies Act , 2013 and Regulation 33 of SEBI (Listing Obilgation and Disclosure Requirement) Regulation 2015 (as amended) and circulars and notifications issued thereunder. 3.The Company's Operations fall under a single segment Spinning of Cotton Yarn . Hence, Segment reporting is not applicable as perIndian Accounting Standard (IndAS) - 108 - Segment Reporting. 4.The Code on Social Security, 2020 ( the Code ) has been enacted, which may impact the employee related contributions made by the Company. The effective date from which the changes are applicable is yet to be notified. The Ministry of Labour and Employment ('the Ministry') has released draft rules for the Code on November 13, 2020. The Company will complete its evaluation and will give appropriate impact in its financial results in the period in which the Code becomes effective and the related rules are published 5.Figures of previous reporting periods have been regrouped/reclassified wherever necessary to correspond with the figures of the current reporting period. 6.These financial results have been extracted from the audited financial statements. Figures for the quarter ended March 31, 2024 represent the difference between the audited figures in respect of full financial years and the published figures for the nine months ended December 31, 2023. 7.During the quarter ended 31st March, 2024 the Company on 04th January, 2024 ( Record Date ) had declared interim dividend of Rs.0.01/-per share on existing equity shares of the company on that date. 8.During the quarter ended 31st March, 2024 the company on 15th February, 2024 ( Record Date ) had declared bonus shares on the existing equity shares of the company,in the ratio of 1:5 i.e. 1 (one) equity share for the 5 (five) equity shares held. Accordingly, earnings per share of comparative periods presented has been calculated based on number of shares outstanding in respective periods, as increased by the number of bonus shares. Single segment 2023-04-01 2024-03-31 Audited Standalone 1749551000.00 29590000.00 1779141000.00 1126846000.00 372430000.00 -25237000.00 48063000.00 13334000.00 43357000.00 150188000.00 1728981000.00 50160000.00 0.00 50160000.00 8895000.00 6714000.00 15609000.00 0.00 34551000.00 0.00 0.00 0.00 0.00 34551000.00 367000.00 34918000.00 0.00 0.00 299988000.00 1 0.00 0.12 0.12 0.00 0.00 0.12 0.12 Other Expenses 45145000.00 Other Expenses 150188000.00 394422000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22355000.00 416777000.00 241023000.00 0.00 50281000.00 53000.00 45000.00 0.00 50379000.00 30403000.00 321805000.00 738582000.00 299988000.00 138846000.00 438834000.00 438834000.00 89877000.00 89877000.00 1411000.00 4591000.00 95879000.00 99922000.00 83443000.00 6152000.00 189517000.00 2198000.00 5241000.00 6913000.00 203869000.00 299748000.00 738582000.00 13334000.00 -67256000.00 69458000.00 0.00 33894000.00 0.00 -11847000.00 0.00 0.00 -64464000.00 0.00 -11476000.00 0.00 43357000.00 0.00 -317000.00 843000.00 -6910000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1566000.00 0.00 182000.00 50342000.00 0.00 0.00 -1095000.00 1535000.00 0.00 47712000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46122000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -20000.00 0.00 0.00 0.00 0.00 0.00 0.00 1095000.00 0.00 0.00 0.00 -45047000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13056000.00 0.00 0.00 0.00 2463000.00 0.00 0.00 -13334000.00 -2741000.00 -76000.00 0.00 -76000.00 174000.00 98000.00 -1249000.00 496000.00 -329000.00 129000.00