DIACABS2024-07-012024-09-30 DIACABS2024-07-012024-09-30 DIACABS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member DIACABS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member DIACABS2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 522163 DIACABS NA Diamond Power Infrastructure Limited Equity 2024-04-01 2025-03-31 2024-11-12 2024-11-06 INR Lakhs Half yearly 11:30:00 15:05:00 2024-11-12 2024-11-12 true Cash Flow Indirect Not applicable Single segment Cables and Conductors 2024-07-01 2024-09-30 Unaudited Consolidated 2502996000.00 1849000.00 2504845000.00 1451471000.00 0.00 660515000.00 30578000.00 43202000.00 49217000.00 230078000.00 2465060000.00 39785000.00 0.00 39785000.00 0.00 -229000.00 -229000.00 0.00 40014000.00 0.00 0.00 0.00 0.00 40014000.00 0.00 40014000.00 0.00 0.00 0.00 0.00 526971000.00 10 0.76 0.76 0.00 0.00 0.76 0.76 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 November 12, 2024. The Auditors of the Company have carried out a Limited Review of the above Consolidated Financials Results for the quarter and half year ended September 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. Since the Subsidiary has not yet commenced Commercial Operations, due to which there is no impact on of the Consolidation on the Standalone Financial Results of the Holding Company for the quarter and half year ended 30th September, 2024. Further, since the Subsidiary Company is incorporated on 26/06/2024, there is no impact on the comparative periods in the Consolidated Financial Results. 4. Further with regard to the Holding Company: a) Pursuant to the takeover of the Holding Company by the new management upon approval of the Resolution Plan by the Hon. NCLT in FY 22-23, the Holding 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. Accordingly, during the quarter under report, the proceeds from sale of shares of Rs 29.84 Crores held by Trustee on behalf of lenders, which have been utilised for the repayment to the lenders as per the approved Resolution Plan, have been credited to Capital Reserve. b) The Financial Results of the Holding Company for the quarter and half year ended September 30, 2023 were subjected to limited review by the previous Statutory Auditor. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 4741605000.00 2326000.00 4743931000.00 3478765000.00 0.00 424090000.00 56432000.00 69881000.00 98123000.00 411503000.00 4538793000.00 205137000.00 0.00 205137000.00 0.00 -454000.00 -454000.00 0.00 205592000.00 0.00 0.00 0.00 0.00 205592000.00 0.00 205592000.00 0.00 0.00 0.00 0.00 526971000.00 10 3.90 3.90 0.00 0.00 3.90 3.90 Other Expenses 230078000.00 Other Expenses 411503000.00 0.00 10479355000.00 2107765000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9416000.00 36790000.00 46206000.00 0.00 0.00 12633326000.00 1981088000.00 0.00 891793000.00 340005000.00 54920000.00 1913000.00 815355000.00 2103986000.00 0.00 0.00 4085073000.00 0.00 0.00 16718399000.00 526971000.00 -9756371000.00 -9229400000.00 -9229400000.00 2873615000.00 0.00 20882910000.00 23756525000.00 2544000.00 0.00 0.00 27933000.00 23787001000.00 443000.00 1408295000.00 2147000.00 1410885000.00 691893000.00 58020000.00 0.00 0.00 2160798000.00 0.00 0.00 25947800000.00 16718399000.00 Notes constinues: Restriction of 4000 characters 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. d.) As at the end of the half year for the Holding Company, the updation / preparation of Property, Plant and Equipment Register with all necessary details and reconciliation with the books of accounts, as well as verification of amounts reflected as capital work in progress (CWIP) and giving appropriate effect to the same was under process. The Holding Company has allotted the task relating to the same to an Independent Agency and the same is expected to be completed in the fourth 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 Holding 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 of CWIP. During the quarter / period under reporting, the Holding 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. e.) No provision has been made for Income Tax for the quarter and half year ended 30th September, 2024 considering the brought forward unabsorbed losses and unabsorbed depreciation f.) 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.5. Figures of the Previous Period have been re-grouped / re-arranged wherever considered necessary to confirm to the presentation of the current period. 0.00 -778250000.00 -303924000.00 0.00 -118334000.00 -3797000.00 0.00 -493000.00 0.00 367625000.00 0.00 381254000.00 0.00 98123000.00 0.00 50410000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 454000.00 0.00 -306931000.00 -101794000.00 0.00 -69881000.00 0.00 0.00 0.00 -31913000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 134102000.00 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 0.00 0.00 0.00 0.00 -134102000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235028000.00 0.00 0.00 1022000.00 0.00 69881000.00 0.00 298452000.00 462577000.00 296562000.00 0.00 296562000.00 98363000.00 394925000.00