NILAINFRA2024-04-012024-06-30 NILAINFRA2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member NILAINFRA2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530377 NILAINFRA NOTLISTED Nila Infrastructures Limited Equity 2024-04-01 2025-03-31 2024-08-10 2024-08-03 INR Lakhs First quarter 11:00:00 11:45:00 2024-08-10 2024-08-10 Not applicable Single segment Construction & Development of Infrastructure Projects 2024-04-01 2024-06-30 Unaudited Standalone 412016000.00 39630000.00 451646000.00 255689000.00 0.00 90908000.00 12405000.00 11001000.00 3220000.00 11898000.00 385121000.00 66525000.00 0.00 66525000.00 18468000.00 -1121000.00 17347000.00 0.00 49178000.00 0.00 0.00 0.00 0.00 49178000.00 0.00 49178000.00 0.00 0.00 393889000.00 1 0.13 0.13 0.00 0.00 0.13 0.13 1 These results have been prepared in accordance with the IND AS notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time. 2 The above standalone Financial Results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meetings held on 10/08/2024. The statutory auditors of the company have conducted audit of these financial results in terms of Regulation 33 of SEBI (Listing obligations and disclosure requirements) Regulation, 2015 and have issued unmodified audit report on the same. 3 Figures for the quarter ended 31 March 2024 as reported in these financial results are the balancing figures between audited figures in respect of full financial year and the published year to date figures up to the end of the third quarter of the relevant financial year. Also the figures up to the end of the third quarter has only been reviewed and not subject to audit. 4 The entire operations of the Company constitute a single operating segment i.e. “construction and development of infrastructure projects” as per Ind AS 108 “Operating segments” specified under Section 133 of the Companies Act 2013. 5 The Income-Tax Department had carried out a search operation at the Company's various business premises and residential premises of promoters and certain key employees of the company, under Section 132 of the Income-tax Act, 1961 on September 08, 2021. The Company had made the necessary disclosures to the stock exchanges in this regard on September 12, 2021, in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 (as amended). As of the date of issuing these financial results, the Company has received notices under Section 148 and / or Section 142(1)/143(2) of the Income Tax Act, 1961 for the assessment years 2014-15, 2016-17 to 2022-23, to which the Company has responded. Till the quarter ended June 30, 2024, the Company received orders for assessment years 2014-15, 2016-17 to 2022-23 and the Company has filed the necessary response and / or appeal. Management believes that these developments are unlikely to have a significant impact on the Company's financial position as of June 30, 2024, and its performance for the quarter ended on that date, as presented in these standalone financial results. However, due to the nature and complexity of the matter, the final outcome remains uncertain, making it currently impossible for the management to determine the potential impact, if any, on the results related to this issue. The statutory auditors have issued an Emphasis of Matter in their review report on the standalone financial results for the quarter ended June 30, 2024, highlighting this matter. 6 Based on the findings noted by the Income Tax department in their notices / assessment orders for assessment years 2018-19 and 2019-20, which are under appeal, the GST department has issued demand cum show cause notices for financial years 2017-18 and 2018-19 till July 2024. The Company had made the necessary disclosures to the stock exchanges in this regard on July 16, 2024, in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 (as amended). The Company is in the process of filing the necessary response and / or appeal. The Management believes that these developments are unlikely to have a significant impact on the Company's financial position as of June 30, 2024, and its performance for the quarter ended on that date, as presented in these standalone financial results. However, due to the nature and complexity of the matter, the final outcome remains uncertain, making it currently impossible for the management to determine the potential impact, if any, on the results related to this issue. The statutory auditors have issued an Emphasis of Matter in their review report on the standalone financial results for the quarter ended June 30, 2024, highlighting this matter. Other Expenses 11898000.00 0.00 0.00