AKSHARCHEM2024-01-012024-03-31 AKSHARCHEM2024-01-012024-03-31 AKSHARCHEM2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member AKSHARCHEM2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member AKSHARCHEM2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member AKSHARCHEM2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member AKSHARCHEM2024-03-31 AKSHARCHEM2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AKSHARCHEM2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AKSHARCHEM2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member AKSHARCHEM2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 524598 AKSHARCHEM NOTLISTED AksharChem India Limited Equity 2023-04-01 2024-03-31 2024-05-29 2024-05-21 INR Lakhs Yearly 15:00:00 16:30:00 2024-05-29 2024-05-29 true Cash Flow Indirect Declaration of unmodified opinion Single segment Chemical 2024-01-01 2024-03-31 Audited Standalone 817872000.00 1037000.00 818909000.00 502187000.00 35326000.00 -77618000.00 36802000.00 10687000.00 34674000.00 316877000.00 858935000.00 -40026000.00 0.00 -40026000.00 0.00 20185000.00 20185000.00 0.00 -60211000.00 0.00 0.00 0.00 0.00 -60211000.00 -1121000.00 -61332000.00 0.00 0.00 80331000.00 10 -7.50 -7.50 0.00 0.00 -7.50 -7.50 1. The above financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meetings held on May 29, 2024. The audit as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by the statutory auditors of the Company. The Statutory Auditors have expressed an unmodified audit opinion on these results. 2. The financial results for the quarter and year ended March 31, 2024 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 recognised accounting practices and policies to the extent applicable. 3. The figures in respect of results for the quarter ended March 31, 2024 and March 31, 2023 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures of the third quarter of the respective financial year. 4. The Company operates in a single segment and in line with Ind AS - 108 - Operating Segments , the operations of the Company fall under Chemical Business which is considered to be the only reportable business segment. 5. The Board of Directors have recommended a final divided of Rs.0.50 per equity share (5% of face value of Rs. 10 each) for the Financial Year ended on March 31, 2024 subject to the approval of Shareholders at the ensuing Annual General Meeting. 6. On 3rd May, 2024 Company has informed to both exchanges that a fire broke out on 2nd May, 2024 at around 04:30 p.m. (IST) in the Dry zone of VS Plant of the Company located at Village: Indrad, Chhatral-Kadi Road, Mahesana-382715. Due to fire incident, production operation of the said Dry Zone plant disrupted. However, there were no human injuries or casualties reported. The Company is in the process of ascertaining the cause of the fire and the actual loss caused by it. The Company has adequate insurance coverage and has informed the insurance company about such incident. The initial estimated loss of the material stock at dry zone of VS plant is around Rs. 3.15 crores. The initial estimated loss of Plant & Machinery, Building and other assets is around 5.35 crores. However, on detailed inspection of the Plant & Machinery, Building etc. the extent of damages would be known. 7. The Parliament of India has approved the Code on Social Security, 2020 (the Code) which may impact the contributions by the Company towards provident fund, gratuity and ESIC. The Ministry of Labour and Employment has released draft rules for the Code on November 13,2020. Final rules are yet to be notified. The Company will assess the impact of the Code when it comes into effect and will record related impact, if any. 8. The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures. Single segment 2023-04-01 2024-03-31 Audited Standalone 3020470000.00 4487000.00 3024957000.00 1728157000.00 125764000.00 -40322000.00 133698000.00 37267000.00 137832000.00 1058180000.00 3180576000.00 -155619000.00 0.00 -155619000.00 0.00 31154000.00 31154000.00 0.00 -186773000.00 0.00 0.00 0.00 0.00 -186773000.00 -995000.00 -187768000.00 0.00 0.00 80331000.00 10 2511532000.00 -23.25 -23.25 0.00 0.00 -23.25 -23.25 Other Expenses 169414000.00 Power & Fuel 147463000.00 Other Expenses 527632000.00 Power & Fuel 530548000.00 2345310000.00 111604000.00 0.00 0.00 2215000.00 38000.00 0.00 19440000.00 19478000.00 24213000.00 2502820000.00 648608000.00 0.00 473423000.00 1599000.00 24360000.00 3546000.00 175000.00 503103000.00 6917000.00 143566000.00 1302194000.00 3805014000.00 80331000.00 2511532000.00 2591863000.00 2591863000.00 174676000.00 174676000.00 6546000.00 212287000.00 393509000.00 343538000.00 435246000.00 5016000.00 783800000.00 32226000.00 3616000.00 819642000.00 1213151000.00 3805014000.00 37267000.00 -55220000.00 -116615000.00 0.00 0.00 0.00 0.00 0.00 0.00 38589000.00 0.00 0.00 3836000.00 137832000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3716000.00 0.00 0.00 0.00 0.00 0.00 -251000.00 0.00 41722000.00 -113897000.00 0.00 0.00 0.00 -48348000.00 0.00 -65549000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 473000.00 168449000.00 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 3944000.00 0.00 0.00 0.00 -164032000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 271960000.00 0.00 0.00 0.00 4987000.00 37267000.00 0.00 0.00 229706000.00 125000.00 0.00 125000.00 1474000.00 1599000.00 Items that will not be reclassified to Profit and Loss -1068000.00 Items that will not be reclassified to Profit and Loss -942000.00 -1068000.00 -942000.00 0.00 0.00 Items that will be reclassified to Profit and Loss -53000.00 Items that will be reclassified to Profit and Loss -53000.00 -53000.00 -53000.00 0.00 0.00