DIACABS2024-04-012024-06-30 DIACABS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member DIACABS2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 522163 DIACABS NOTLISTED Diamond Power Infrastructure Limited Equity 2024-04-01 2025-03-31 2024-07-25 2024-07-15 INR Lakhs First quarter 15:30:00 17:30:00 2024-07-25 2024-07-25 Not applicable Single segment Cables and Conductors 2024-04-01 2024-06-30 Unaudited Standalone 2238609000.00 477000.00 2239086000.00 2027294000.00 0.00 -236425000.00 25854000.00 26679000.00 48907000.00 180560000.00 2072869000.00 166217000.00 -865000.00 165352000.00 0.00 -225000.00 -225000.00 0.00 165577000.00 0.00 0.00 0.00 0.00 165577000.00 0.00 165577000.00 0.00 0.00 526971000.00 10 3.14 3.14 0.00 0.00 3.14 3.14 Notes to Standalone Financial Results: 1. These Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on July 25, 2024. The Auditors of the Company have carried out a Limited Review of the above Standalone Financials Results for the quarter ended June 30, 2024 in the terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. 2. The Standalone Financial Results for the quarter ended June 30, 2023 were subjected to limited review by the previous Statutory Auditors. 3. The Company in engaged in the business of manufacturing Cables and Conductors, which in terms of Ind AS 108 on Operating Segments, constitute a single operating segment. 4. Pursuant to the takeover of the Company by the new management upon approval of the Resolution Plan by the Hon. NCLT in FY 22-23, the Company has passed the entries to account for the write-offs, write-backs and other adjustments of assets and liabilities, arising on account of the Resolution Plan as approved, through Capital Reserve. Subsequently, the management has continued the policy to account for any amounts relating to the period prior to the takeover by the new management through Capital Reserve only. However, there were no such amounts in the quarter ended 30th June, 2024. 5. As at the end of the quarter, the updation / preparation of Property, Plant and Equipment Register with all necessary details and reconciliation with the books of accounts including physical verification as well as verification of amounts reflected as capital work in progress (CWIP) and giving appropriate effect to the same was under process. The Company has allotted the task relating to the same to an Independent Agency and the same is expected to be completed in the second quarter of this Financial Year. The Property, Plant and Equipment Block is being carried forward with balances as appearing from the Pre-NCLT / RP period pending the exercise as aforesaid and adjustments to be made as an outcome of the same while fresh additions made during the year have been presented under the respective blocks. The Company has further appropriated and capitalised electricity, manpower and interest costs to CWIP block which are identified and / or worked out as relating to ongoing expansion / commissioning n of CWIP. During the year / period under reporting, the Company was still not running at its optimum capacity and only 20% of the Company’s Property, Plant & Equipment were operational. Hence the Company has provided for depreciation equivalent to only 20% of the applicable depreciation on the PPE Block as per part C of Schedule II of the Companies Act, 2013, on pro-rata basis for normal wear and tear while on additions during the year depreciation has been fully provided. 6. No provision has been made for Income Tax in the first 3 months of the current financial year including under MAT provisions considering the brought forward losses and depreciation in line with the relief provision for Companies acquired under IBC. 7. The Company would continue to state that the Enforcement Directorate has not yet released their attachment on the Assets. However, the matter relates to the period prior to the NCLT proceedings and takeover by the new management. In the opinion of the Company, the new management and the assets taken over are protected under S. 32 of the IBC and hence the assets are eligible to be released from the said attachment. The Company has filed petitions before the relevant Honourable Courts seeking release of the attachments. 8. Figures of the Previous Period have been re-grouped / re-arranged wherever considered necessary to confirm to the presentation of the current period. Other Expenses 180560000.00 0.00 0.00