AKSHOPTFBR2024-01-012024-03-31 AKSHOPTFBR2024-01-012024-03-31 AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member AKSHOPTFBR2024-03-31 AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member AKSHOPTFBR2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member AKSHOPTFBR2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532351 AKSHOPTFBR NOTLISTED Aksh Optifibre Limited Equity 2023-04-01 2024-03-31 2024-05-27 2024-05-16 INR Lakhs Yearly 14:30:00 19:45:00 2024-05-27 2024-05-27 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Unaudited Standalone 477812000.00 8287000.00 486099000.00 360995000.00 21627000.00 -45486000.00 49467000.00 33166000.00 33004000.00 83129000.00 535902000.00 -49803000.00 -2297154000.00 -2346957000.00 -13632000.00 -225904000.00 -239536000.00 0.00 -2107421000.00 0.00 0.00 0.00 0.00 -2107421000.00 187666000.00 -1919755000.00 0.00 0.00 813490000.00 5 -12.95 -12.95 0.00 0.00 -12.95 -12.95 The Standalone financial results of the Company for the quarter and year ended March 31, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 27, 2024. The above statement has 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 recognised accounting practices and policies to the extent applicable. The Standalone financial results of the Company for the quarter and year ended March 31, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 27, 2024. The above statement has 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 recognised accounting practices and policies to the extent applicable. Consequent upon classification of Company account as NPA with its lenders, the Company's proposal for restructuring of debt under RBI Circular dated June 07, 2019 Prudential Framework for Resolution of Stressed Assets is under process with Lead bank. The Company has foreign currency payable and receivable balances which are outstanding for more than the period as prescribed in Foreign Exchange Management Act. As on the date of signing of financial results, the Company has applied for necessary extension in consultation with RBI Consultant. Management does not expect any material implication on account of delays under the existing regulations. During the quarter, considering the present global slowdown in the Optical Fibre Industry, the wholly owned foreign subsidiary namely AOL FZE at Dubai has shut down its operations and accordingly the Company has created the provision for diminution in value of Investment of Rs 12,108.35 Lakhs, provision for doubtful debts of Rs. 3,856.14 Lakhs and provision for doubtful interest receivable of Rs. 2,831.42 Lakhs. During the quarter, the wholly owned foreign subsidiary namely AOL Technologies FZE at Dubai has made provision for impairment of assets and accordingly,in compliance with the Indian Accounting Standards, the Company has provided provision for diminution in value of Investment of Rs 2,930.70 Lakhs and provision for doubtful interest receivable of Rs.139.64 Lakhs. During the quarter, the Company has made a provision for Rs. 862.87 Lakhs as impairment of Property, Plant and Equipments of Lens division as it was not operational. With a view to reduce the outstanding debts with the lenders, the company has decided to sell its non operative and surplus assets i.e. all assets of Lens division and surplus Land at Reengus. Accordingly assets and liabilities of such assets have been shown under Assets/ Liabilities held for sale of Rs. 1,886.42 Lakhs and Rs. 54.99 Lakhs respectively. Multi segment 2023-04-01 2024-03-31 Audited Standalone 2150216000.00 30980000.00 2181196000.00 1402895000.00 66992000.00 -14645000.00 212057000.00 103223000.00 132496000.00 302782000.00 2205800000.00 -24604000.00 -2301352000.00 -2325956000.00 0.00 -230696000.00 -230696000.00 0.00 -2095260000.00 0.00 0.00 0.00 0.00 -2095260000.00 187666000.00 -1907594000.00 0.00 0.00 813490000.00 5 0.00 -12.88 -12.88 0.00 0.00 -12.88 -12.88 Other expense 83129000.00 Other expense 302782000.00 1111075000.00 870000.00 0.00 2886000.00 310885000.00 21695000.00 0.00 55022000.00 387602000.00 116554000.00 46000.00 1619033000.00 204580000.00 0.00 242502000.00 37242000.00 170070000.00 35497000.00 36044000.00 521355000.00 29591000.00 61169000.00 816695000.00 188642000.00 2624370000.00 813490000.00 279729000.00 1093219000.00 1093219000.00 0.00 17778000.00 18014000.00 35792000.00 18025000.00 53817000.00 651424000.00 450482000.00 285132000.00 1387038000.00 83992000.00 805000.00 1471835000.00 5499000.00 1531151000.00 2624370000.00 The Standalone financial results of the Company for the quarter and year ended March 31, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 27, 2024. The above statement has 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 recognised accounting practices and policies to the extent applicable. Consequent upon classification of Company account as NPA with its lenders, the Company's proposal for restructuring of debt under RBI Circular dated June 07, 2019 Prudential Framework for Resolution of Stressed Assets is under process with Lead bank. The Company has foreign currency payable and receivable balances which are outstanding for more than the period as prescribed in Foreign Exchange Management Act. As on the date of signing of financial results, the Company has applied for necessary extension in consultation with RBI Consultant. Management does not expect any material implication on account of delays under the existing regulations. During the quarter, considering the present global slowdown in the Optical Fibre Industry, the wholly owned foreign subsidiary namely AOL FZE at Dubai has shut down its operations and accordingly the Company has created the provision for diminution in value of Investment of Rs 12,108.35 Lakhs, provision for doubtful debts of Rs. 3,856.14 Lakhs and provision for doubtful interest receivable of Rs. 2,831.42 Lakhs. During the quarter, the wholly owned foreign subsidiary namely AOL Technologies FZE at Dubai has made provision for impairment of assets and accordingly,in compliance with the Indian Accounting Standards, the Company has provided provision for diminution in value of Investment of Rs 2,930.70 Lakhs and provision for doubtful interest receivable of Rs.139.64 Lakhs. During the quarter, the Company has made a provision for Rs. 862.87 Lakhs as impairment of Property, Plant and Equipments of Lens division as it was not operational. With a view to reduce the outstanding debts with the lenders, the company has decided to sell its non operative and surplus assets i.e. all assets of Lens division and surplus Land at Reengus. Accordingly assets and liabilities of such assets have been shown under Assets/ Liabilities held for sale of Rs. 1,886.42 Lakhs and Rs. 54.99 Lakhs respectively. Manufacturing 307116000.00 Services 170696000.00 Manufacturing 1376434000.00 Services 773782000.00 477812000.00 2150216000.00 477812000.00 2150216000.00 Manufacturing -29390000.00 Services 16366000.00 Manufacturing -2132000.00 Services 100528000.00 -13024000.00 98396000.00 33166000.00 103223000.00 2300767000.00 2321129000.00 -2346957000.00 -2325956000.00 Manufacturing 1567796000.00 Services 520727000.00 2088523000.00 535847000.00 2624370000.00 Manufacturing 1359295000.00 Services 148279000.00 1507574000.00 23577000.00 1531151000.00 103223000.00 3654000.00 -274772000.00 374632000.00 -699000.00 1000000.00 40355000.00 -5954000.00 -152694000.00 85161000.00 -27772000.00 28289000.00 0.00 132496000.00 0.00 367000.00 2477000.00 12488000.00 -318000.00 0.00 0.00 30980000.00 0.00 0.00 0.00 0.00 0.00 2305349000.00 0.00 2596303000.00 270347000.00 0.00 0.00 0.00 40985000.00 0.00 229362000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5128000.00 34952000.00 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 -14613000.00 0.00 0.00 0.00 26491000.00 0.00 0.00 0.00 -17946000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 107490000.00 0.00 16768000.00 0.00 96489000.00 0.00 0.00 -220747000.00 -9331000.00 0.00 -9331000.00 46574000.00 37243000.00 -237023000.00 -237023000.00 49357000.00 49357000.00