ASMS2024-01-012024-03-31 ASMS2024-01-012024-03-31 ASMS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member ASMS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member ASMS2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532694 ASMS NOTLISTED Bartronics India Limited Equity 2023-04-01 2024-03-31 2024-05-27 2024-05-21 INR Lakhs Yearly 11:00:00 12:17:00 2024-05-27 2024-05-27 true Cash Flow Indirect Declaration of unmodified opinion Single segment Automatic Identification and Data capture solutions (AIDC) 2024-01-01 2024-03-31 Audited Standalone 124120000.00 10470000.00 134590000.00 107963000.00 0.00 1354000.00 13598000.00 0.00 410000.00 2661000.00 125986000.00 8604000.00 -3028000.00 5576000.00 0.00 -14195000.00 -14195000.00 0.00 19771000.00 0.00 0.00 0.00 0.00 19771000.00 -2861000.00 16910000.00 0.00 0.00 304577000.00 1 0.06 0.06 0.00 0.00 0.06 0.06 1.The financial results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors of the Company at their meetings held on 27 May 2024. The Statutory Auditors have carried out the audit of the above financial results. 2. The figures for the quarter ended 31“ March 2024 and preceding quarter ended 31 March 2023 are the balancing figures between audited year to date figures for the year ended 31 March and the unaudited published figures for the nine months ended 31“ December of the respective financial years. The figures for the corresponding periods have been regrouped and reclassified, wherever necessary to make them comparable. 3, Company's business relates to the providing Automatic Identification & Data Capture (AIDC) Solutions which in context of Indian Accounting Standards 108 (Ind AS 108) as notified under Section 133 of the Companies Act, 2013 is considered as the only segment. 4. The Company has received communications from BSE Limited and National Stock Exchange of India Limited related to the various SOP based non compliances, The Company has represented to the Market Regulators that the new Board of Directors and Management has been inducted based on the approved resolution plan by Honorable National Company Law Tribunal, Hyderabad vide its order dated 10 March 2022. The new management has received control on the Company with effect from 28 March 2023. The hon-compliances pertain to the period prior to or during the Corporate Insolvency Resolution Period. The management has requested the waiver of the penalties. 5. Exceptional Item as on 31st March 2023 represents the net difference between write back of liabilities/ provisions and write off of assets of the Company pursuant to the resolution plan approved by the Honorable National Company Law Tribunal, Hyderabad vide its order dated 10 March 2022. Pursuant to implementation of the Resolution Plan, the Company has written off/derecognized or provided for impairment of its assets, based on management's estimate, to the extent not receivable/recoverable and written back/ derecognized its liabilities, based on management’s estimate, to the extent not payable/extinguished/waived/cancelled to the Statement of Profit and Loss amounting to % 15,752.20 Lakhs (net). Exceptional Item for year ended 31“ March 2024 represents an impairment allowance of 2 43.49 Lakhs recognized under Ind AS 36 “Impairment of Assets” on account of classification of plant and machinery and related software as Assets Held for Sale in accordance with Ind AS 105 “Non-Current Assets Held for Sale and Discontinued Operations” and derecognition of financial wd Sos soma worth 2 30.27 lakhs . 6. ‘The current promoters and management of the Company took control of the Company on 28 March 2023, upon successful implementation of the Resolution Plan. Subsequently, it has been noticed that the Foreign Subsidiaries are not being functional and current management do not have any control over these subsidiaries, In order to give a transparent view of the Company's Assets, the current management had written off such investments in previous quarters. Further, the Company confirms that this has not resulted in any adverse impact on the financials as there are no operations in these foreign subsidiaries. The management of the Company is in the process of regularizing the Compliances related to Foreign Subsidiaries and closure of such subsidiaries under the applicable legal framework in respective jurisdiction, 7. The Company has opted for rate of Income Tax as specified under Section 11SBAA of the Income Tax Act, 1961 tor and from Assessment Year 2023-24 i.e. for the year ended 31“ March 2023. Therefore the Company has not recognize any Minimum Alternate Tax under the provisions of Income Tax Act, 1961. Single segment 2023-04-01 2024-03-31 Audited Standalone 488380000.00 14739000.00 503119000.00 389466000.00 0.00 1126000.00 55771000.00 0.00 4464000.00 42570000.00 493397000.00 9722000.00 -7377000.00 2345000.00 0.00 -11482000.00 -11482000.00 0.00 13827000.00 0.00 0.00 0.00 0.00 13827000.00 -2861000.00 10966000.00 0.00 0.00 304577000.00 1 0.00 0.05 0.05 0.00 0.00 0.05 0.05 Other Expenses 2661000.00 Other Expenses 42570000.00 19983000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6623000.00 6623000.00 29403000.00 109697000.00 165706000.00 514000.00 0.00 4504000.00 44182000.00 59118000.00 300000.00 1777000.00 109881000.00 11285000.00 121680000.00 10000000.00 0.00 297386000.00 304577000.00 -39532000.00 265045000.00 265045000.00 0.00 0.00 4244000.00 0.00 0.00 0.00 4244000.00 0.00 6307000.00 3716000.00 10023000.00 16051000.00 2023000.00 28097000.00 32341000.00 297386000.00 1.The financial results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors of the Company at their meetings held on 27 May 2024. The Statutory Auditors have carried out the audit of the above financial results. 2. The figures for the quarter ended 31“ March 2024 and preceding quarter ended 31 March 2023 are the balancing figures between audited year to date figures for the year ended 31 March and the unaudited published figures for the nine months ended 31“ December of the respective financial years. The figures for the corresponding periods have been regrouped and reclassified, wherever necessary to make them comparable. 3, Company's business relates to the providing Automatic Identification & Data Capture (AIDC) Solutions which in context of Indian Accounting Standards 108 (Ind AS 108) as notified under Section 133 of the Companies Act, 2013 is considered as the only segment. 4. The Company has received communications from BSE Limited and National Stock Exchange of India Limited related to the various SOP based non compliances, The Company has represented to the Market Regulators that the new Board of Directors and Management has been inducted based on the approved resolution plan by Honorable National Company Law Tribunal, Hyderabad vide its order dated 10 March 2022. The new management has received control on the Company with effect from 28 March 2023. The hon-compliances pertain to the period prior to or during the Corporate Insolvency Resolution Period. The management has requested the waiver of the penalties. 5. Exceptional Item as on 31st March 2023 represents the net difference between write back of liabilities/ provisions and write off of assets of the Company pursuant to the resolution plan approved by the Honorable National Company Law Tribunal, Hyderabad vide its order dated 10 March 2022. Pursuant to implementation of the Resolution Plan, the Company has written off/derecognized or provided for impairment of its assets, based on management's estimate, to the extent not receivable/recoverable and written back/ derecognized its liabilities, based on management’s estimate, to the extent not payable/extinguished/waived/cancelled to the Statement of Profit and Loss amounting to % 15,752.20 Lakhs (net). Exceptional Item for year ended 31“ March 2024 represents an impairment allowance of 2 43.49 Lakhs recognized under Ind AS 36 “Impairment of Assets” on account of classification of plant and machinery and related software as Assets Held for Sale in accordance with Ind AS 105 “Non-Current Assets Held for Sale and Discontinued Operations” and derecognition of financial wd Sos soma worth 2 30.27 lakhs . 6. ‘The current promoters and management of the Company took control of the Company on 28 March 2023, upon successful implementation of the Resolution Plan. Subsequently, it has been noticed that the Foreign Subsidiaries are not being functional and current management do not have any control over these subsidiaries, In order to give a transparent view of the Company's Assets, the current management had written off such investments in previous quarters. Further, the Company confirms that this has not resulted in any adverse impact on the financials as there are no operations in these foreign subsidiaries. The management of the Company is in the process of regularizing the Compliances related to Foreign Subsidiaries and closure of such subsidiaries under the applicable legal framework in respective jurisdiction, 7. The Company has opted for rate of Income Tax as specified under Section 11SBAA of the Income Tax Act, 1961 tor and from Assessment Year 2023-24 i.e. for the year ended 31“ March 2023. Therefore the Company has not recognize any Minimum Alternate Tax under the provisions of Income Tax Act, 1961. 0.00 1126000.00 0.00 18081000.00 -8959000.00 0.00 0.00 45863000.00 -58612000.00 1773000.00 0.00 14233000.00 4594000.00 4464000.00 0.00 6268000.00 1883000.00 -5576000.00 0.00 0.00 0.00 2677000.00 0.00 0.00 0.00 -2861000.00 -10201000.00 7377000.00 0.00 16776000.00 19121000.00 0.00 0.00 0.00 23931000.00 0.00 -4810000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 438000.00 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 10003000.00 0.00 0.00 0.00 9565000.00 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 4755000.00 39427000.00 44182000.00 0.00 44182000.00