DIACABS2024-10-012024-12-31 DIACABS2024-10-012024-12-31 DIACABS2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member DIACABS2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member DIACABS2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 522163 DIACABS NA Diamond Power Infrastructure Limited Equity 2024-04-01 2025-03-31 2025-02-10 2025-02-03 INR Lakhs Third quarter 16:20:00 17:30:00 2025-02-10 2025-02-10 Not applicable Single segment Cables and Conductors 2024-10-01 2024-12-31 Unaudited Consolidated 3074237000.00 864000.00 3075101000.00 2673828000.00 0.00 -40260000.00 38948000.00 47953000.00 49802000.00 242309000.00 3012580000.00 62521000.00 0.00 62521000.00 0.00 -222000.00 -222000.00 0.00 62743000.00 0.00 0.00 0.00 0.00 62743000.00 0.00 62743000.00 62743000.00 0.00 0.00 0.00 526971000.00 1 0.12 0.12 0.00 0.00 0.12 0.12 1.These Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on February 10, 2025. The Auditors of the Company have carried out a Limited Review of the above Consolidated Financials Results for the quarter and nine month ended December 31, 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 the Consolidation on the Standalone Financial Results of the Holding Company for the quarter and nine month period ended December 31, 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.5.During the current quarter ended December 31,2024, Board of Holding Company has approved the sub-division/ stock split of existing 1(one) Equity Share of Company having face value of Rs 10 each fully paid up into 10 ( ten) equity share of face value of Rs 1/- each fully paid up. The member of the Company in Extra General Meeting held on November 15,2024 has also approved the same. The Board of Company has fixed December 3,2024 as record date for determining the entitlement for issuing equity share upon split. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 7815842000.00 3190000.00 7819032000.00 6152593000.00 0.00 383830000.00 95380000.00 117834000.00 147925000.00 653812000.00 7551374000.00 267658000.00 0.00 267658000.00 0.00 -677000.00 -677000.00 0.00 268335000.00 0.00 0.00 0.00 0.00 268335000.00 0.00 268335000.00 268335000.00 0.00 0.00 0.00 526971000.00 1 0.51 0.51 0.00 0.00 0.51 0.51 Other Expenses 242309000.00 Other Expenses 653812000.00 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. b)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. c)As at the end of the nine month period ended December 31,2024 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 has progressed well and expected to be completed by the end of Feb’25. During the quarter / period under reporting, 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 period have been presented under the respective blocks. Further, pending completion of the exercise as aforesaid, the Company has continued, to provide depreciation @ 20% of applicable depreciation on Property, Plant & Equipments Blocks as per part C of Schedule II of the Companies Act,2013 on pro-rata basis for estimated normal tear and wear while on additions during the year depreciation has been fully provided. 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. Upon completion of the exercise as aforesaid, the exact amount of depreciation charge for the entire Financial Year 2024-25 shall be worked out and the differential depreciation, if any, shall be provided for in the last quarter of the financial year to reflect the accurate position in the annual financial statements for FY 2024-25 d.)No provision has been made for Income Tax for the quarter and nine month peiod ended December 31, 2024 considering the brought forward unabsorbed losses and unabsorbed depreciation e.)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.