DHARSUGAR2023-04-012023-06-30 DHARSUGAR2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member DHARSUGAR2023-06-30 DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue01Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue02Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue03Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue04Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults01Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults02Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults03Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults04Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets01Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets02Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets03Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets04Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities01Member DHARSUGAR2023-06-30in-bse-fin:OneReportableSegmentLiabilities01Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities02Member DHARSUGAR2023-06-30in-bse-fin:OneReportableSegmentLiabilities02Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities03Member DHARSUGAR2023-06-30in-bse-fin:OneReportableSegmentLiabilities03Member DHARSUGAR2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities04Member DHARSUGAR2023-06-30in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 507442 DHARSUGAR NOTLISTED Dharani Sugars & Chemicals Limited Equity 2023-04-01 2024-03-31 2024-07-22 2024-07-13 INR Lakhs First quarter 17:30:00 20:00:00 2024-07-22 2024-07-22 Not applicable Multi segment 2023-04-01 2023-06-30 Unaudited Standalone 0.00 1425000.00 1425000.00 0.00 0.00 0.00 6980000.00 33000.00 55444000.00 13036000.00 75493000.00 -74068000.00 0.00 -74068000.00 0.00 0.00 0.00 0.00 -74068000.00 0.00 0.00 0.00 0.00 -74068000.00 0.00 -74068000.00 0.00 0.00 332000000.00 10 2.23 2.23 0.00 0.00 2.23 2.23 0.00 0.00 0.00 1. The Hon'ble National Company Law Tribunal ( NCLT ), Chennai Bench, admitted the Corporate Insolvency Resolution Process ( CIRP ) application filed by a financial creditor of the Company and appointed an Interim Resolution Professional ( IRP ), in terms of the Insolvency and Bankruptcy Code, 2016 ( the Code ) to manage the affairs of the Company vide order dated July 29, 2021 received by the Company on July 31, 2021. 2. Further as per the e-voting results dated 22nd September 2022 CoC approved the appointment of Mr. Mahalingam Suresh Kumar, Insolvency Professional as Resolution Professional. The appointment was confirmed by Hon’ble NCLT, Chennai vide order IA/1248(CHE)/2022 in IA/976/2019 dated 18th November 2022. 3. The Hon’ble NCLT had passed a liquidation order dated 28th June 2023. 4. Meanwhile, the following lenders (Consortium Banks) viz., Indian Bank, State Bank of India, Central Bank of India, IDBI Limited, The South Indian Bank Ltd, The Federal Bank Ltd, ICICI Bank, Bank of India, Union Bank of India and Indian Overseas Bank had assigned there loan to National Asset Reconstruction Company Limited (“NARCL”) vide Joint Assignment Agreement dated 30th September 2023. 5. Considering the settlement arrived between the Promoter and the majority lenders of the Company, the Hon'ble Supreme set aside the Liquidation Process vide its order dated 28117/2023 dated 7thAugust 2023. Further the Hon'ble Supreme Court vide its order 150612/2023 dated 18th March 2024, remanded back to The Hon'ble National Company Law Tribunal (NCLT), Chennai Bench for consideration of withdrawal of IBC process initiated against the Company in terms of Section 12A of IBC, 2016 read with Regulation 30A of the IBBI(CIRP) Regulations., 2016. 6. Based on the settlement proposal submitted by the Promoter U/s 12 A of IBC 2016, the CoC and NCLT has approved the proposal and ordered the withdrawal of the CIRP process and restored the powers of the Board vide its order No. IA (IBC)/825/ CHE/2024 in IBA/976/2019 dated 9th May 2024. 7. The Appu Hotels Limited which was in corporate insolvency resolution process (CIRP) had exited the CIRP process as per the approval of the Hon’ble NCLT Chennai Bench-I vide its order dated 20/12/2023 approving the settlement proposal submitted by the Promoter u/s 12A of the IBC 2016. The carrying amount of the investments as at March 31, 2023 is INR 1,455.53 Lakhs. 8. A Master Restructuring Agreement (MRA) was entered into between NARCL and India Debt Resolution Limited (IDRSL) – acting a Trustee on behalf of NARCL on 24th May 2024. 9. Based on the above information and explanations. The financial statements for the quarter ended 30th June 2023 has been prepared on going concern basis. 10. Previous period figures have been regrouped/reclassified, where necessary Other Expenses 13036000.00 Distillery 0.00 Power 0.00 Sugar 0.00 Unallocated 1425000.00 1425000.00 0.00 1425000.00 Distillery -20111000.00 Power -9525000.00 Sugar -51144000.00 Unallocated 1425000.00 -79355000.00 33000.00 0.00 -79388000.00 Distillery 1234371000.00 Power 935842000.00 Sugar 2909686000.00 Unallocated 11669000.00 5091568000.00 0.00 5091568000.00 Distillery 481920000.00 Power 972384000.00 Sugar 5682461000.00 Unallocated 0.00 7136765000.00 0.00 7136765000.00 0.00 0.00