ATFL2024-07-012024-09-30 ATFL2024-07-012024-09-30 ATFL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member ATFL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member ATFL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member ATFL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member ATFL2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500215 ATFL NOTLISTED Agro Tech Foods Limited Equity 2024-04-01 2025-03-31 2024-10-24 2024-10-16 INR Lakhs Half yearly 13:30:00 16:30:00 2024-10-24 2024-10-24 true Cash Flow Indirect Not applicable Single segment FOOD BUSINESS 2024-07-01 2024-09-30 Unaudited Standalone 2056200000.00 1600000.00 2057800000.00 1283200000.00 0.00 6600000.00 137400000.00 4800000.00 53800000.00 571300000.00 2057100000.00 700000.00 0.00 700000.00 0.00 400000.00 400000.00 0.00 300000.00 0.00 0.00 0.00 0.00 300000.00 0.00 300000.00 300000.00 0.00 243700000.00 10 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 1. These financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on October 24, 2024. 2. These results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and are as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The statutory auditors have carried out a limited review of these results for the quarter and half-year ended September 30, 2024 and have issued an unmodified report on these results. 3. The consolidated financial results include the results of Agro Tech Foods Limited (the Parent Company /the Company ) and its wholly-owned subsidiaries (i) Sundrop Foods India Private Limited; India (ii) Agro Tech Foods (Bangladesh) Pvt. Ltd.; Bangladesh and (iii) Sundrop Foods Lanka (Private) Limited; Sri Lanka (together referred to as “the Group”). 4. In the context of Indian Accounting Standard (Ind AS) 108 Operating Segments, “Foods” is considered as the operating segment of the Company since the ‘Chief Operating Decision Maker’ (CODM) reviews business performance at an overall Company level as one segment. 5. In the previous year, the Parent Company received an amount of Rs. 113 lakhs in respect of the 'Business Interruption claim' made by it in relation to the fire incident at one of the manufacturing locations of the Parent Company in the earlier years. This insurance claim received by the Parent Company has been included and disclosed as Other Income in the financial results for the half year ended September 30, 2023 and for the year ended March 31, 2024. 6. In the previous year, the Parent Company had received the income tax refund orders relating to earlier years which includes interest income of Rs. 268 lakhs, such interest income has been presented as exceptional item in the financial results for the year ended March 31, 2024. 7. Pursuant to previously submitted Public Announcement of Open Offer made on the February 29, 2024 and a copy of Detailed Public Statement made on March 7, 2024, the change in control of Agro Tech Foods Limited ( Company or Parent ) has occurred through the indirect acquisition of the Parent Company by Zest Holding Investments Limited by way of acquisition of shares from CAG-Tech (Mauritius) Limited (Promoter of the Company). Zest Holding Investments Limited now holds 100% of the issued and paid-up share capital of CAG-Tech (Mauritius) Limited, constituting 51.77% of the paid-up equity share capital of the Parent Company on a fully diluted basis and has acquired control over the Company. 8. In the current quarter, the Company has received amount of Rs. 1,126 lakhs from Conagra Brands Inc. (erstwhile Ultimate Holding Company) as reimbursement towards one time retention incentive payment to certain employees. The transaction does not have any impact in the Unaudited Standalone and Consolidated financial results for the quarter and half year ended September 30, 2024. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 3860500000.00 5300000.00 3865800000.00 2465200000.00 3900000.00 -41700000.00 267200000.00 12200000.00 105900000.00 1050800000.00 3863500000.00 2300000.00 0.00 2300000.00 0.00 1100000.00 1100000.00 0.00 1200000.00 0.00 0.00 0.00 0.00 1200000.00 0.00 1200000.00 1200000.00 0.00 243700000.00 10 0.05 0.05 0.00 0.00 0.05 0.05 0.00 0.00 0.00 Advertisement and sales promotion expense 96800000.00 Other expenses 474500000.00 Advertisement and sales promotion expense 152400000.00 Other expenses 898400000.00 2994000000.00 287400000.00 0.00 0.00 139100000.00 0.00 0.00 0.00 228200000.00 0.00 0.00 41600000.00 269800000.00 0.00 265400000.00 3955700000.00 1307200000.00 0.00 709200000.00 24400000.00 10800000.00 0.00 33000000.00 777400000.00 0.00 279600000.00 2364200000.00 0.00 0.00 6319900000.00 243700000.00 4675700000.00 4919400000.00 4919400000.00 0.00 0.00 52700000.00 52700000.00 19200000.00 173500000.00 0.00 0.00 245400000.00 50000000.00 807000000.00 182400000.00 1039400000.00 61500000.00 36300000.00 17900000.00 0.00 1155100000.00 0.00 0.00 1400500000.00 6319900000.00 12200000.00 139600000.00 -39600000.00 0.00 21200000.00 0.00 0.00 -6200000.00 0.00 125400000.00 0.00 -3100000.00 0.00 105900000.00 0.00 2800000.00 0.00 0.00 0.00 0.00 0.00 3200000.00 0.00 -200000.00 0.00 0.00 0.00 600000.00 0.00 355400000.00 357700000.00 0.00 0.00 0.00 -31400000.00 0.00 389100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100000.00 146300000.00 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 2600000.00 0.00 200000.00 0.00 -143400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4323000000.00 4608000000.00 0.00 9600000.00 0.00 12200000.00 0.00 0.00 -306800000.00 -61100000.00 0.00 -61100000.00 85500000.00 24400000.00 0.00 0.00 0.00 0.00