ANKITMETAL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member ANKITMETAL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses02Member ANKITMETAL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member ANKITMETAL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ANKITMETAL 2019-04-01 2020-03-31 2019-11-06 INR Lakhs Half yearly Single segment IRON AND STEEL 2019-07-01 2019-09-30 Unaudited Standalone 1387362000.00 146000.00 1387508000.00 903651000.00 0.00 225868000.00 60717000.00 26721000.00 121918000.00 179221000.00 1518096000.00 -130588000.00 0.00 -130588000.00 0.00 0.00 0.00 0.00 -130588000.00 0.00 0.00 0.00 0.00 -130588000.00 113000.00 -130475000.00 0.00 0.00 1411105000.00 10 -0.92 -0.92 0.00 0.00 -0.92 -0.92 1) The above results for the quarter and half year ended 30th September, 2019 have been prepared in accordance with Indian Accounting Standard (Ind AS) notified under section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 and have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 13th November, 2019. n2) The Cash Flow Statement for the half year ended 30th September, 2018 is approved by the Board of Directors of the company but the same has not been subjected to review by the Statutory Auditor. n3) The Company has adopted Ind AS 116 - Leases with effect from 1st April 2019, as notified by the Mininstry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standards) Amendment Rules, 2019. The adoption of this standard did not have any impact on the financial results of this quarter and half year ended 30th September,2019. n4) The lenders have stopped charging interest on debts, since the dues from the Company have been categorized as Non Performing Asset. The Company is in active discussion/negotiation with it lenders to restructure its debt at a sustainable level. In view of the above, pending finalization of the restructuring the plan, the Company has not provided accrued interest in its books during the quarter as the account was declared NPA by the respective lenders.The amount of interest has been recognized in the books of accounts to the extent amount charged/realized by the banks only. The amount of interest not so provided stands at ` 3,290.42 Lacs for the quarter ended 30th September, 2019 and penal interest and charges thereof (amount remaining unascertained). The unprovided liability in respect of interest on Long term and Short term borrowings as on 30th September,2019 amounted to ` 47,183.98 Lacs. The same have consequential impact on the reported figures. n5) The Company has incurred loss of ` 1,304.75 Lacs for the quarter ended 30th September, 2019. The accumulated loss as on 30th September, 2019 is ` 1,07,168.37 Lacs which is in excess of the entire net worth of the Company. With the substantial improvement in raw materials availability, improvement in market scenario with notification of Minimum Import Price on steel, it is expected that the overall financial health would improve considerably. Considering the above developments and favourable impact thereof on the Company's operations and financials, the Company has prepared the financial results on the basis of 'Going Concern' assumption. n6) In the opinion of the management, current and non current assets have a value of realization in the ordinary course of buisness at least equal to the amount at which they are stated in accounts. Certain Balances of the sundry creditors, sundry debtors, unsecured loans and advances are subject to confirmation and reconciliation. n7) Various credit facilities availed from SBI, Allahbad Bank, IOB, UBI and IDBI have been assigned by the respective banks and Asset Reconstruction Companies under various assignment agreements between the respective banks and Asset Reconstruction Companies. In absence of information about the terms of assignments, the company is carrying the various credit facilities as appearing in the books as per the previous terms with the respective banks. n8) The Company operates in one reportable segment only viz. Iron & Steel. However, the Company also generates power which is entirely used for the captive consumption. Hence, Segment Reporting is not applicable. n9) The Figures of the previous period has been regrouped/ rearranged, whenever necessary. 2019-04-01 2019-09-30 Unaudited Standalone 2847550000.00 292000.00 2847842000.00 2226069000.00 0.00 309370000.00 121125000.00 -4665000.00 243505000.00 376713000.00 3272117000.00 -424275000.00 0.00 -424275000.00 0.00 0.00 0.00 0.00 -424275000.00 0.00 0.00 0.00 0.00 -424275000.00 -237000.00 -424512000.00 0.00 0.00 1411105000.00 10 -3.01 -3.01 0.00 0.00 -3.01 -3.01 Other Expenses 161601000.00 Power 17620000.00 Other Expenses 345911000.00 Power 30802000.00