BYKE2024-01-012024-03-31 BYKE2024-01-012024-03-31 BYKE2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member BYKE2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member BYKE2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 531373 BYKE BYKE The Byke Hospitality Ltd Equity 2023-04-01 2024-03-31 2024-05-22 2024-05-16 INR Lakhs Yearly 15:30:00 19:35:00 2024-05-22 2024-05-22 true Cash Flow Indirect Declaration of unmodified opinion Single segment Hospitality Segment 2024-01-01 2024-03-31 Audited Standalone 229680000.00 3197000.00 232877000.00 31025000.00 0.00 0.00 32086000.00 16589000.00 68013000.00 66082000.00 213795000.00 19082000.00 0.00 19082000.00 0.00 -3368000.00 -3368000.00 0.00 22450000.00 0.00 0.00 0.00 0.00 22450000.00 -7000.00 22443000.00 0.00 0.00 468978000.00 10 0.54 0.54 0.00 0.00 0.54 0.54 0.00 0.00 0.00 1.The above audited financial results for the quarter and year ended March 31 , 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 22, 2024. The Statutory Auditors of the Company, Bilimoria Mehta & Co., Chartered Accountants, have audited the above financial results for the quarter and year ended March 31, 2024. There is no qualification in the report issued by the statutory Auditor. 2. The above results are prepared in compliance with the Indian Accounting Standards (lnd-AS) as prescribed under Section 133 of the Companies Act, 2013 and notified by the Ministry of Corporate Affairs under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India. 3. The members of the company approved the issue of 124.00 Lakhs share warrants convertible into equivalent number of equity shares, for cash, at an issue price of Rs. 45 per warrant to the Person I Entities forming part of both Promoter & Non Promoter group (as defined in SEBI (I CDR) Regulations) ( Proposed Allottee ) by passing a Special Resolution at the Extra Ordinary General Meeting held on December 7, 2023. Subsequently, on December 21, 2023, the Company received In-principle approval from all the Stock Exchanges. Upon receipt of amount of Rs.1 ,383.75 Lakhs on January 02, 2024 towards 25% of the total consideration against the allotment of 123.00 Lakhs share warrants, the board of directors in its Board Meeting held on January 04, 2024 approved the allotment of 123.00 Lakh share warrants to those allottees who accepted the offer and tendered to subscribe to the Preferential issue of share warrants. Further, on February 26, 2024, the Company received amount of Rs. 2,295.00 Lakhs towards the balance amount (i.e.75% of the consideration) against allotment of 68.00 Lakhs equity shares made on March 01 , 2024 on conversion of 68.00 Lakhs warrants from the applicants of the aforesaid warrants. Accordingly, the company has allotted these equity shares on March 1, 2024 to both the Promoter and Non- Promoter Group. The necessary corporate action with depositories is in process and Listing approvals from Stock Exchanges are yet to be obtained. Consequent to this conversion of warrants/allotment of equivalent Equity Shares, 55.00 Lakhs warrants remain pending for conversion and these warrant holders are entitled to get their warrants converted into Equity Shares of the Company by paying remaining 75% i.e., Rs. 33.75 per warrant within 18 months from the date of warrant allotment. Failure to exercise this option within the specified timeframe i.e. within 18 months from the issuance of the warrants will result in forfeiture of the amount, as per the terms outlined. 4. 'The Company is engaged in Hospitality business, consequently the Company does not have separate reportable business segment for the quarter and year ended March 31, 2024. 5. The figures of the previous year I period have been regrouped I rearranged to make them comparable with the figures of the current period. 6. Figures for the quarter ended March 31, 2024 and March 31, 2023 as reported In these financial results, are the balancing figures between audited figures in respect of full financial years and the published year to date figures upto the end of the third quarter of the respective financial year. 7. The above results of the Company are available on the Company's website www.thebyke.com and also on website of BSE, NSE & MSE. Single segment 2023-04-01 2024-03-31 Audited Standalone 838586000.00 12684000.00 851270000.00 121723000.00 0.00 0.00 119979000.00 74900000.00 252240000.00 245330000.00 814172000.00 37098000.00 0.00 37098000.00 0.00 -19370000.00 -19370000.00 0.00 56468000.00 0.00 0.00 0.00 0.00 56468000.00 -7000.00 56461000.00 0.00 0.00 468978000.00 10 0.00 1.39 1.39 0.00 0.00 1.39 1.39 0.00 0.00 0.00 Other Expenses 66082000.00 Other Expenses 245330000.00 1046560000.00 80685000.00 0.00 0.00 363470000.00 0.00 0.00 0.00 0.00 0.00 0.00 302994000.00 302994000.00 16457000.00 88374000.00 1898540000.00 166087000.00 50118000.00 200761000.00 67312000.00 120000000.00 0.00 116559000.00 554750000.00 47681000.00 171000.00 768689000.00 0.00 0.00 2667229000.00 468978000.00 1550438000.00 2019416000.00 2019416000.00 58443000.00 0.00 404338000.00 462781000.00 4817000.00 0.00 0.00 0.00 467598000.00 48766000.00 34471000.00 86618000.00 169855000.00 5791000.00 4569000.00 0.00 0.00 180215000.00 0.00 0.00 647813000.00 2667229000.00 74900000.00 1171000.00 7094000.00 0.00 4000.00 -17400000.00 -82469000.00 -44631000.00 0.00 -393000.00 0.00 -2292000.00 0.00 252242000.00 0.00 54000.00 1111000.00 -839000.00 1855000.00 0.00 0.00 12566000.00 0.00 -118000.00 0.00 0.00 0.00 0.00 0.00 177723000.00 214821000.00 0.00 0.00 0.00 6288000.00 -287000.00 208246000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75899000.00 0.00 167333000.00 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 12566000.00 0.00 0.00 0.00 -230666000.00 0.00 0.00 306000000.00 61875000.00 0.00 0.00 0.00 0.00 0.00 28848000.00 0.00 94952000.00 0.00 49775000.00 0.00 -125548000.00 68752000.00 46332000.00 0.00 46332000.00 20980000.00 67312000.00