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 Consolidated 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 0.00 0.00 526971000.00 10 3.14 3.14 0.00 0.00 3.14 3.14 Notes to Consolidated Financial Results: 1.These Consolidated 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 Consolidated 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.List of Entities Consolidated:a.Diamond Power Infrastructure Limited (Holding Company)b.DICABS Nextgen Alloys Private Limited (Subsidiary Company)3.The Subsidiary Company has been incorporated on 26/06/2024 with 100% share of Holding Company. Since the Subsidiary has not yet commenced Commercial Operations, there are currently no profit and loss items in the results of the Subsidiary Company due to which there is no impact of the Consolidation on the Standalone Financial Results of the Holding Company. Further, since the Subsidiary Company is incorporated on 26/06/2024, there is no impact of the same on the comparative periods in the Consolidated Financial Results.4. During the period prior to the takeover by the new management, the Holding Company had made Investments in a Foreign Subsidiary named Diamond Power Global Holdings Ltd., UAE and in Indian Associates named Diamond Power Transformers Ltd. and Apex Electricals Ltd. However, these investments had no remaining value at the time of takeover by the new management and hence a provision for diminution in value of these investments was made for full value of these investments in the books of account is FY 2022-23. As a result, there no longer remained any value of Investment in the Foreign Subsidiary and the Indian Associates since the time of takeover by the new management and hence the same are not being considered for preparation and presentation of Consolidated Financial Results. 5 b)The Financial Results of the Holding Company for the quarter ended June 30, 2023 were subjected to limited review by the previous Statutory Auditor who had expressed a disclaimer of opinion on the same.c)The Holding 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. g)The Holding 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.6.Figures of the Previous Period have been re-grouped / re-arranged wherever considered necessary to confirm to the presentation of the current period. Please refer other points of standalone Other Expenses 180560000.00 0.00 0.00