INDLMETER2024-01-012024-03-31 INDLMETER2024-01-012024-03-31 INDLMETER2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member INDLMETER2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member INDLMETER2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member INDLMETER2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member INDLMETER2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 517571 INDLMETER NOTLISTED IMP Powers Limited Equity 2023-04-01 2024-03-31 2024-05-23 2024-05-16 INR Lakhs Yearly 15:45:00 16:00:00 2024-05-23 2024-05-23 true Cash Flow Indirect Statement on impact of audit qualification Single segment Electrical products like power & distrubution transformer, spares & hydeo project 2024-01-01 2024-03-31 Audited Consolidated 0.00 2203000.00 2203000.00 855000.00 0.00 0.00 -1707000.00 371000.00 15064000.00 73312000.00 87895000.00 -85692000.00 0.00 -85692000.00 0.00 0.00 0.00 0.00 -85692000.00 0.00 0.00 0.00 0.00 -85692000.00 3077000.00 -82615000.00 -14000.00 0.00 -82615000.00 86366000.00 10 -9.92 -9.92 0.00 0.00 -9.92 -9.92 0.00 0.00 0.00 1) The above Audited consolidated financial results which are in accordance with Regulation 33 of the SEBI (Listing Obligation ard 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 Liquidator. 2) Liquidation Process under Section 33 of the Insolvency and Bankruptcy Code, 2016 has been admitted against the Company vide Honourable National Company Law Tribunal, Ahmedabad bench vide Order dated 19.12.2023 and Mr, Ravindra Kumar Goyal (having registration no, IBBI/ IPA-001 / IP-P-02019/2020-2021/13098} has been appointed as Liquidator of the company under section 34 of the Insolvency and Bankruptcy Code, 2016 and Resolution Professional has been discharged. Upon the order of Hon’ble NCLT, all the powers of board of directors shall cease to have effect and shall be vested in the Liquidator. Accordingly, the above Audited consolidated financial results of the Company for the quarter and year ended March 31, 2024 have been reviewed by Liquidator, Ravindra Kumar Goyal. 3) The e-auction conducted on 21.05.2024 for sale of corporate debtor as a going concern under Regulation 32(e) of IBBI (Liquidation Process) Regulations 2016 has been successful and the successful H1 bidder has been declared by the Liquidator. 4) 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) 5) Provision for interest and finance charges on outstanding finance liability has not been provided in above financial results. 6) The order of Moratorium passed under Section 14 of the Insolvency and Bankruptcy Code, 2016 shall cease to have its effect and that a fresh Moratorium under section 33(5) of the Insolvency and Bankruptcy Code shall commence. 7) The Company had reported losses during the year as well as in earlier years. Hence, the net worth of the Company has been 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, 2, Liquidation process was Initiated in respect of the Company w.e.f. December 19, 2023. 8) During the quarter ended 31st March, 2024, various customers have invoked performance bank guarantees totalling to Rs, 6,37 crores, the same has been provided in the said results. 9) Privileged Leave liability provision has been write back in quarter ended March 2024 as per actuarial valuation which has been provided in above result in employee benefits expenses. 10) Basis of Preparation The results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and the relevant provisions of the Companies Act, 2013 (“the Act”). The results are prepared on going concern assumptions considering the fact that the successful H1 bidder has been declared by the Liquidator at the end of e auction sale process. 11) Figures of the previous periods have been regrouped / reclassified / rearranged where ever considered necessary to conform current period/ Year Classification. 12) Consolidated results include result of IMP Energy Limited subsidiary for the purpose of consolidated financial statement. Single segment 2023-04-01 2024-03-31 Audited Consolidated 15482000.00 7449000.00 22931000.00 15451000.00 0.00 4175000.00 29814000.00 2068000.00 60981000.00 115590000.00 228079000.00 -205148000.00 0.00 -205148000.00 0.00 0.00 0.00 0.00 -205148000.00 0.00 0.00 0.00 0.00 -205148000.00 3106000.00 -202042000.00 -56000.00 0.00 -202041000.00 86366000.00 10 -2753112000.00 -23.75 -23.75 0.00 0.00 -23.75 -23.75 0.00 0.00 0.00 Other Expenses 9616000.00 Provision for doubtful debts BG Invoked 63696000.00 Other Expenses 39174000.00 Provision for doubtful debts BG Invoked 76416000.00 5454000.00 445667000.00 0.00 0.00 2376000.00 4419000.00 0.00 0.00 0.00 2000.00 0.00 0.00 0.00 2000.00 1302000.00 2064000.00 455830000.00 125472000.00 0.00 398293000.00 1828000.00 49322000.00 164740000.00 0.00 614183000.00 0.00 85960000.00 825615000.00 28060000.00 0.00 1309505000.00 86388000.00 -2753112000.00 -2666724000.00 -2661270000.00 0.00 0.00 0.00 0.00 15854000.00 0.00 0.00 0.00 15854000.00 2562041000.00 657019000.00 633662000.00 3852722000.00 91495000.00 6172000.00 4532000.00 0.00 3954921000.00 3970775000.00 1309505000.00 2068000.00 1184000.00 2215000.00 0.00 0.00 -4000.00 0.00 -34765000.00 0.00 3336000.00 0.00 -27040000.00 0.00 60981000.00 0.00 -6182000.00 0.00 47553000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 49346000.00 -155802000.00 0.00 0.00 0.00 0.00 0.00 -155802000.00 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 79523000.00 0.00 79523000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 71844000.00 0.00 0.00 0.00 0.00 0.00 0.00 -2068000.00 69776000.00 -6503000.00 0.00 -6503000.00 8331000.00 1828000.00 0.00 0.00 -3077000.00 -3106000.00