MAHASTEEL2024-01-012024-03-31 MAHASTEEL2024-01-012024-03-31 MAHASTEEL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member MAHASTEEL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member MAHASTEEL2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 513554 MAHASTEEL NOTLISTED Mahamaya Steel Industries Limited Equity 2023-04-01 2024-03-31 2024-05-27 2024-05-20 INR Lakhs Yearly 13:30:00 14:40:00 2024-05-27 2024-05-27 true Cash Flow Indirect Declaration of unmodified opinion Single segment STEEL SEGEMENT 2024-01-01 2024-03-31 Audited Consolidated 1976205000.00 11094000.00 1987299000.00 1676880000.00 480000.00 -47989000.00 32964000.00 12672000.00 17387000.00 280639000.00 1973033000.00 14266000.00 0.00 14266000.00 5010000.00 -340000.00 4670000.00 0.00 9596000.00 0.00 0.00 0.00 4680000.00 14276000.00 1419000.00 15695000.00 0.00 0.00 164344000.00 10 0.87 0.87 0.00 0.00 0.87 0.87 NOTES 1. The above results of the company for the quarter and year ended 31st March, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th May, 2024. 2. The above year end results have been Audited and the quaterly results have been reviewed by the Statutory Auditor of the Company. 3. These 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 other recognized accounting practices and policies to the extent applicable. 4. The company is elegible for electricity duty subsidy under the Industrial Policy of the state of Chhattishgarh. The application filed by the company to the CGM, DIC is under process and presently pending before Commissioner of industries for his approval. The order is expected to be issued soon. There is a reasonable certainty regarding ultimate collection of the same. The company has recognised the subsidy as assets in the books of accounts in accordance with the provisons of Ind AS. Total receivable amount is Rs.1105.69 Lakhs as at 31st March 2024. 5. The Board of Directors of the Company in its meeting held on 05.01.2024 have redeemed 1,17,500 nos. and 8,82,500 nos. of 8% Redeemable Non Convertible Non Cumulative Preference Shares of the Company of Rs.10/- each at premium of Rs. 10/- each aggregating to Rs.23,50,000/- and Rs. 1,76,50,000/-issued to M/s. Escort Finvest Private Limited. 6. The Company has one reportable business segment viz. Steel Segment 7. The previous year/period figures have been regrouped, rearranged wherever found necessary. 8. The Statement includes the results for the quarter ended 31.03.2024 being the balancing figure between audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year. Single segment 2023-04-01 2024-03-31 Audited Consolidated 7838288000.00 14231000.00 7852519000.00 6602060000.00 5806000.00 -136505000.00 98812000.00 51452000.00 70007000.00 1105028000.00 7796660000.00 55859000.00 11377000.00 67236000.00 20610000.00 -1267000.00 19343000.00 0.00 47893000.00 0.00 0.00 0.00 19278000.00 67171000.00 1419000.00 68590000.00 0.00 0.00 164344000.00 10 0.00 4.09 4.09 0.00 0.00 4.09 4.09 Other Expenses 280639000.00 Other Expenses 1105028000.00 685390000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 259801000.00 0.00 258155000.00 517956000.00 9834000.00 1213180000.00 873354000.00 0.00 146343000.00 14291000.00 0.00 0.00 11170000.00 171804000.00 571000.00 72294000.00 1118023000.00 2331203000.00 164344000.00 1248243000.00 1412587000.00 1412587000.00 188990000.00 188990000.00 6866000.00 70406000.00 266262000.00 219439000.00 138585000.00 358024000.00 207978000.00 86352000.00 652354000.00 918616000.00 2331203000.00 51452000.00 -68426000.00 35215000.00 0.00 -7571000.00 -9315000.00 0.00 -4320000.00 0.00 -45202000.00 0.00 72647000.00 0.00 70007000.00 0.00 15814000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9300000.00 0.00 101001000.00 168237000.00 0.00 0.00 0.00 25442000.00 0.00 142795000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91317000.00 59995000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24878000.00 0.00 0.00 0.00 0.00 0.00 0.00 -98000.00 0.00 -56298000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -23733000.00 0.00 0.00 0.00 0.00 51450000.00 0.00 0.00 -75183000.00 11314000.00 0.00 11314000.00 2974000.00 14288000.00 1419000.00 1419000.00 0.00 0.00 0.00 0.00