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 AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member AKSHOPTFBR2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member 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 Consolidated 502881000.00 4970000.00 507852000.00 381938000.00 21627000.00 -37114000.00 50240000.00 44362000.00 46907000.00 93762000.00 601723000.00 -93871000.00 -590789000.00 -684660000.00 -13631000.00 -67366000.00 -80997000.00 0.00 -603663000.00 0.00 0.00 0.00 0.00 -603663000.00 383541000.00 -220122000.00 0.00 0.00 813490000.00 5 -3.71 -3.71 0.00 0.00 -3.71 -3.71 Notes 1 The Consolidated financial results of the Group 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. 2 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. 3 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 banks. 4 The Holding 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 Holding Company has applied for necessary extension in consultation with RBI Consultant. Management of the respective companies does not expect any material implication on account of delays under the existing regulations. 5 During the quarter, AOL FZE at Dubai has shut down its operations and accordingly the Company has created the provision for diminution in value of Property, Plant & Equipment of Rs 3,525.91 Lakhs. 6 During the quarter, AOL Technologies FZE, Dubai has made provision for impairment of Capital work in progress of Rs 1,568.96 Lakhs. 7 During the quarter, the Holding 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. 8 During the quarter, the Holding Company has revalued its block of Land assets in compliance of Ind AS -16 and accordingly, a revaluation reserve of Rs. 1867.09 Lakhs net of tax has been accounted through comprehensive income in other equity. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 2202818000.00 17265000.00 2220083000.00 1438311000.00 66992000.00 -5775000.00 222298000.00 158038000.00 212309000.00 322420000.00 2414593000.00 -194510000.00 -556275000.00 -750785000.00 0.00 -37733000.00 -37733000.00 0.00 -713052000.00 0.00 0.00 0.00 0.00 -713052000.00 363145000.00 -349907000.00 0.00 0.00 813490000.00 5 0.00 -4.38 -4.38 0.00 0.00 -4.38 -4.38 Other Expenses 93762000.00 Other Expenses 322420000.00 1212415000.00 870000.00 0.00 2885000.00 0.00 0.00 55022000.00 55022000.00 6066000.00 46000.00 1277304000.00 223397000.00 0.00 242500000.00 37869000.00 170070000.00 35000000.00 43185000.00 528624000.00 29931000.00 68146000.00 850098000.00 1193158000.00 3320560000.00 813490000.00 -408789000.00 404701000.00 404701000.00 0.00 17778000.00 159192000.00 176970000.00 34305000.00 21408000.00 232683000.00 854075000.00 616354000.00 362500000.00 1832929000.00 87020000.00 805000.00 1920754000.00 762423000.00 2915859000.00 3320560000.00 9 With a view to reduce the outstanding debts with the lenders, the Company has decided to sell its assets i.e. all assets of Lens division and surplus Land at Reengus and assets located at Dubai in subsidiaries. Accordingly assets and liabilities of such assets have been shown under Assets/ Liabilities held for sale of Rs. 11,931.58 Lakhs and Rs. 7,624.23 Lakhs respectively. 10 Exceptional Income for the quarter and year ended of Rs. 5,907.89 Lakhs & Rs. 5,562.75 Lakhs, inter-alia includes exchange fluctuation (loss)/gain of Rs. 82.52 Lakhs & Rs. (1.49 Lakhs), provision for dimunition in value of assets of Rs. 73.99 Lakhs & Rs. 73.99 Lakhs, Loss on sale of Property, Plant and Equipment & Impairment Loss of Rs. 6,001.27 Lakhs & Rs. 6,387.20 Lakhs, Misc. Balances written back of Rs 282.99 lakhs & Rs. 1,155.19 Lakhs, provision for doubtful debt of Rs. 198.14 Lakhs & Rs. 255.26 Lakhs respectively. 11 In reference to order passed by collector stamps, Jaipur on October 4, 2023, demanding Rs. 3,068.85 lacs along with surcharge, interest and penalty on amalgamation of APAksh Broadband Limited, the Company has challenged it and filed a writ before Hon’ble High Court of Jaipur, Rajasthan. The writ has been admitted and matter is sub-judice. The Company has till date made part payment of Rs. 110.00 Lakhs underprotest. 12 During the quarter, the wholly owned Indian subsidiary namely Aksh Composite Private Limited (ACPL) has permanently shut down its business operations. 13 Figures for the quarters ended March 31, 2024, and March 31, 2023, are the balancing figures between audited figures for the full financial year and the reveiwed year to date figures upto the third quarter of the respective financial years. 14 The figures of the previous periods/year have been re-grouped/re-classified to render them comparable with the figures of the current period. Manufacturing 332185000.00 Services 170696000.00 Manufacturing 1429036000.00 Services 773782000.00 502881000.00 2202818000.00 502881000.00 2202818000.00 Manufacturing -58942000.00 Services 16366000.00 Manufacturing -103506000.00 Services 100528000.00 -42576000.00 -2978000.00 44362000.00 158038000.00 597722000.00 589769000.00 -684660000.00 -750785000.00 Manufacturing 2685857000.00 Services 520727000.00 3206584000.00 113976000.00 3320560000.00 Manufacturing 2739517000.00 Services 148279000.00 2887796000.00 28063000.00 2915859000.00 158038000.00 18236000.00 171595000.00 0.00 594000.00 1000000.00 45397000.00 -5865000.00 -152694000.00 97011000.00 -37394000.00 27520000.00 0.00 212309000.00 633375000.00 361000.00 -901000.00 14304000.00 -925000.00 0.00 0.00 15020000.00 0.00 0.00 0.00 0.00 0.00 84881000.00 0.00 1251821000.00 501036000.00 0.00 0.00 0.00 40749000.00 0.00 460287000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7848000.00 209374000.00 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 7790000.00 0.00 0.00 0.00 -193736000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -27775000.00 0.00 76450000.00 0.00 228048000.00 0.00 0.00 -276723000.00 -10172000.00 0.00 -10172000.00 48041000.00 37869000.00 items that will not be reclassified to Profit or (Loss) 237023000.00 items that will not be reclassified to Profit or (Loss) 237023000.00 237023000.00 237023000.00 49357000.00 49357000.00 items that will be reclassified to Profit or (Loss) 195875000.00 items that will be reclassified to Profit or (Loss) 175479000.00 195875000.00 175479000.00 0.00 0.00