ASIL2024-01-012024-03-31 ASIL2024-01-012024-03-31 ASIL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member ASIL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member ASIL2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 521076 ASIL NOTLISTED Amit Spinning Industries Limited Equity 2023-04-01 2024-03-31 2024-05-31 2024-05-22 INR Lakhs Yearly 16:00:00 21:30:00 2024-05-30 2024-05-31 true Cash Flow Indirect Declaration of unmodified opinion Single segment TEXTILE 2024-01-01 2024-03-31 Audited Standalone 278147000.00 9548000.00 287695000.00 195623000.00 38000.00 13097000.00 5151000.00 10136000.00 5292000.00 49347000.00 278684000.00 9011000.00 0.00 9011000.00 0.00 0.00 0.00 0.00 9011000.00 0.00 0.00 0.00 0.00 9011000.00 -236000.00 8775000.00 0.00 0.00 20585000.00 5 3.20 3.20 0.00 0.00 3.20 3.20 Notes : 1 The above financial results have been reviewed by the audit committee and approved by Board of Directors in the meeting held on 30th May, 2024 and concluded on 31st May, 2024 2 .'The Statutory Auditors have carried out audit of the Financial Results of the Company for the year and quarter ended 31st March, 2024 3 The Company has adopted Indian Accounting Standards (‘Ind AS’) notified by the Ministry of Corporate Affairs with effect from 1st April, 2017. Accordingly, the financial results for the year and quarter ended 31st March, 2024 are in compliance with Ind AS and the results for the comparative year and quarter ended 31st March, 2023 have been restated to comply with Ind-AS to make them comparable. 4 The figures of previous comparative year and quarter ended 31st March, 2023 have been re grouped/recasted/rearranged wherever considered necessary to make them comparable with those of the current quarter. 5 The balances of parties under the head trade payables and loans & advances which are subject to confirmation, reconciliation and consequential adjustments, if any. 6 Pursuant to the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 initiated on 1st August 2017, and approved by the National Company Law Tribunal (NCLT) vide its order dated 31.07.2018, the Resolution Plan (the Plan) as submitted by Mr. Deepak C. Choudhari and Mr. Jitendrakumar G. Chopra, the extinguishment of shares, reduction in the face value of existing shares from Rs. 5 per share to Rs. 0.50 per share and again consolidation of shares to Rs.5 per share face value have been given effect to during F Y 2020-21 with corresponding effect to Insolvency and Bankruptcy Reserve, pending approval of SEBI in this respect. 7 The Company is in the business of manufacturing Cotton Yarn having similar characteristics and reviewed by the Chief Operating Decision Maker for assessment of Company's performance and resource allocation. Accordingly, the Company has only one reportable operating segment as per Ind AS 108 - Operating Segments. 8 The figures for the quarter ended 31.03.2024 and 31.03.2023 represent the balance between audited figures in respect of the full financial year and those published till the third quarter of the respective financial year. 9 Disclosure pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023 are as below a. Outstanding Qualified Borrowings at the start of the financial year (Rs. 23.03 Crores) b. Outstanding Qualified Borrowings at the end of the financial year (Rs. 19.03 Crores) c. Highest credit rating of the company relating to the unsupported bank borrowings or plain vanilla bonds, which have no structuring/support built in. - Not Applicable d. Incremental borrowing done during the year (qualified borrowing) (Rs. NIL Crores) e. Borrowings by way of issuance of debt securities during the year (Rs. NIL Crores) Single segment 2023-04-01 2024-03-31 Audited Standalone 957046000.00 9915000.00 966961000.00 750503000.00 137000.00 -11542000.00 19868000.00 45583000.00 20919000.00 189905000.00 1015373000.00 -48412000.00 0.00 -48412000.00 0.00 0.00 0.00 0.00 -48412000.00 0.00 0.00 0.00 0.00 -48412000.00 -236000.00 -48648000.00 0.00 0.00 20585000.00 5 332922000.00 -17.72 -17.72 0.00 0.00 -17.72 -17.72 Other Expenses 49347000.00 Other Expenses 189905000.00 774251000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23000.00 0.00 0.00 4954000.00 4977000.00 0.00 9032000.00 788260000.00 75786000.00 0.00 36547000.00 174000.00 0.00 0.00 0.00 36721000.00 0.00 10374000.00 122881000.00 0.00 0.00 911141000.00 20585000.00 372937000.00 393522000.00 393522000.00 181875000.00 0.00 0.00 181875000.00 949000.00 0.00 0.00 0.00 182824000.00 250433000.00 68305000.00 2686000.00 321424000.00 0.00 13371000.00 0.00 0.00 334795000.00 0.00 0.00 517619000.00 911141000.00 45583000.00 3885000.00 44576000.00 0.00 3088000.00 0.00 0.00 0.00 0.00 49256000.00 0.00 -6006000.00 0.00 20919000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -137000.00 -237000.00 0.00 160927000.00 112515000.00 0.00 0.00 -756000.00 0.00 -773000.00 110986000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 200000.00 5191000.00 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 756000.00 0.00 14729000.00 0.00 10494000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77146000.00 0.00 0.00 0.00 45583000.00 0.00 -927000.00 -123656000.00 -2176000.00 0.00 -2176000.00 2350000.00 174000.00 -236000.00 -236000.00 0.00 0.00 0.00 0.00