AKSHOPTFBR2024-07-012024-09-30 AKSHOPTFBR2024-07-012024-09-30 AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member AKSHOPTFBR2024-09-30 AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member AKSHOPTFBR2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member AKSHOPTFBR2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member AKSHOPTFBR2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532351 AKSHOPTFBR NOTLISTED Aksh Optifibre Limited Equity 2024-04-01 2025-03-31 2024-11-13 2024-10-29 INR Lakhs Half yearly 13:30:00 18:45:00 2024-11-13 2024-11-13 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 261151000.00 3704000.00 264855000.00 199044000.00 17755000.00 -30648000.00 47596000.00 22165000.00 32198000.00 66683000.00 354793000.00 -89938000.00 21279000.00 -68659000.00 47333000.00 -25344000.00 21989000.00 0.00 -90648000.00 0.00 0.00 0.00 0.00 -90648000.00 -13645000.00 -104293000.00 0.00 0.00 0.00 0.00 813490000.00 5 -0.56 -0.56 0.00 0.00 -0.56 -0.56 1. The Consolidated financial results of the Company for the quarter and half year ended September 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 13, 2024. 2. The Consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 3. The Holding Company has foreign currency payable and receivable balances which are outstanding for more than the period as prescribed in Foreign Exchange Management Act. As on the date of signing of financial results, the Holding Company has applied for necessary extension in consultation with RBI Consultant. Management of the respective companies does not expect any material implication on account of delays under the existing regulations. 4. During the quarter and half-year ended September 30, 2024, AOL FZE (wholly owned subsidiary) in Dubai has sold all the Property, Plant and Equipments (Comprising Building and Plant & Machinery), the sale proceeds whereof are to be utilized towards repayment of outstanding dues of Bank of Baroda. The Property, Plant and Equipments have been sold on the basis of the latest asset valuation conducted by the Bank. As at September 30, 2024, the Company has deposited the sale proceeds of Rs.1,193.39 Lakhs with Bank of Baroda. The Bank has however adjusted the same on October 24, 2024 after confirmation of transfer of lease from JAFZA (Authority) in the name of the buyer.Further, Loss on sale of such Property, Plant and Equipments, by AOL FZE amounting to 1,076.00 Lakhs has been reflected in the consolidated financial results under the head Exceptional Income/ (Expense). 5. In reference to order passed by collector stamps, Jaipur on October 4, 2023, demanding Rs. 3,068.85 lacs along with surcharge, interest and penalty on amalgamation of APAksh Broadband Limited, the Company has challenged it and filed a writ before Hon’ble High Court of Jaipur, Rajasthan. The writ has been admitted and matter is sub-judice. The Holding Company has till date made part payment of Rs. 120.00 Lakhs under protest. Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 680696000.00 7078000.00 687774000.00 421093000.00 29600000.00 35554000.00 99719000.00 55560000.00 62605000.00 137969000.00 842100000.00 -154326000.00 19842000.00 -134484000.00 47333000.00 -36019000.00 11314000.00 0.00 -145798000.00 0.00 0.00 0.00 0.00 -145798000.00 -10685000.00 -156483000.00 0.00 0.00 0.00 0.00 813490000.00 5 -0.90 -0.90 0.00 0.00 -0.90 -0.90 Other Expenses 66683000.00 Other Expenses 137969000.00 0.00 1151510000.00 2214000.00 0.00 0.00 2413000.00 0.00 0.00 0.00 0.00 0.00 0.00 57952000.00 57952000.00 27172000.00 1708000.00 1242969000.00 169257000.00 0.00 195592000.00 152313000.00 226805000.00 35000000.00 44384000.00 654094000.00 25731000.00 73779000.00 922861000.00 963793000.00 0.00 3129623000.00 813490000.00 -565272000.00 248218000.00 248218000.00 155905000.00 8018000.00 0.00 163923000.00 37901000.00 0.00 0.00 0.00 201824000.00 664347000.00 537335000.00 562762000.00 1764444000.00 61327000.00 805000.00 41809000.00 0.00 1868385000.00 811196000.00 0.00 2881405000.00 3129623000.00 Notes of Consolidated Financial 6.HDFC Bank Limited, vide its letter dated October 16, 2024, has approved the One-Time Settlement (‘OTS’) offer made by the Holding Company, under which the company is required to pay Rs. 2,559.78 lakhs as full and final settlement against the outstanding dues. Both the parties have accepted the terms and conditions of settlement. The Company is required to settle the dues on or before January 7, 2025. 7.During the quarter and half-year ended September 30, 2024, the Holding Company has reassessed and accordingly, reclassified its liabilities, including borrowings, interest, and other bank charges in respect of credit facilities from Union Bank of India (UBI), with effect from date of inception of the holding-on-operations mechanism i.e. October 1, 2020. As per applicable Regulations/ RBI Circulars and has adjusted the amount paid against the principal which has resulted in reduction of interest expense to the extent of Rs 1260.46 lakhs till March 31, 2024. Accordingly, the reduction in finance cost / liability to UBI amounting to Rs. 1,260.46 lakhs pertaining to the period upto March 31, 2024, has been reflected in the financial statements under the head Exceptional Income/ (Expense). Further the reduction in interest expense pertaining to the period from April 1, 2024 till September 30, 2024 of Rs. 206.56 Lakhs has been adjusted with Finance Costs. The Confirmation from the bank for the reclassification of borrowings / interest is awaited. 8.The Holding Company has received a notice under Section 13(2) of the SARFAESI Act, 2002, on October 28, 2024, from Union Bank of India (UBI), demanding repayment of Rs. 4,973 lakhs within 60 days from the date of receipt of the notice. The Holding Company has however disputed the same and is presently in the process of discussion with UBI. The Holding Company is also seeking appropriate legal advice and will take all necessary actions to protect its interests and those of its stakeholders in this matter. The Holding Company has also submitted a proposal for a One-Time Settlement with UBI, in line with the OTS sanction from HDFC Bank Limited. 9.Exceptional Income / (Expense) for the quarter and half year ended of Rs. 212.78 Lakhs & 198.41 Lakhs inter-alia includes Exchange fluctuation loss of Rs. (7.94) Lakhs & Rs. (8.81 Lakhs), Provision for doubtful debt of Trade Receivable of Rs. (9.89) Lakhs & Rs. (9.89) Lakhs, Profit/(Loss) on sale of Property, Plant and Equipment of Rs. (1,066.42) Lakhs & Rs. (1,076.42) Lakhs, Misc. Balances written back of Rs 36.57 lakhs & Rs. 33.07 Lakhs, Reversal of recovered Interest expense and other bank charges of Rs. 1,260.46 Lakhs and Rs. 1,260.46 Lakhs respectively. 10.The figures of the previous periods/year have been re-grouped/re-classified to render them comparable with the figures of the current period. Manufacturing 150378000.00 Services 110773000.00 Manufacturing 432343000.00 Services 248353000.00 261151000.00 680696000.00 0.00 0.00 261151000.00 680696000.00 Manufacturing 39504000.00 Services 8492000.00 Manufacturing 9673000.00 Services 15697000.00 47996000.00 25370000.00 22165000.00 55560000.00 94490000.00 104294000.00 -68659000.00 -134484000.00 Manufacturing 2405521000.00 Services 594572000.00 3000093000.00 129530000.00 3129623000.00 Manufacturing 2595900000.00 Services 237004000.00 2832904000.00 48502000.00 2881406000.00 55560000.00 54140000.00 45919000.00 0.00 -5633000.00 16000.00 -2930000.00 -655000.00 -56735000.00 -79019000.00 -9760000.00 -28803000.00 0.00 62605000.00 0.00 0.00 3596000.00 20412000.00 0.00 0.00 0.00 6101000.00 0.00 0.00 0.00 107642000.00 -10685000.00 -125057000.00 0.00 24512000.00 -109972000.00 0.00 0.00 0.00 7819000.00 0.00 -117791000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 125322000.00 7849000.00 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 5557000.00 0.00 0.00 0.00 123030000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 140955000.00 0.00 5078000.00 0.00 -255238000.00 0.00 0.00 109205000.00 114444000.00 0.00 114444000.00 37869000.00 152313000.00 0.00 0.00 Amount of Items reclassified to Profit and Loss -13645000.00 Amount of Items reclassified to Profit and Loss -10685000.00 -13645000.00 -10685000.00 0.00 0.00