WSI2021-01-012021-03-31in-bse-fin:OneOperatingExpenses01Member WSI2021-01-012021-03-31in-bse-fin:FourOperatingExpenses01Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue01Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue02Member WSI2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue01Member WSI2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue02Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults01Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults02Member WSI2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults01Member WSI2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults02Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets01Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets02Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities01Member WSI2021-03-31in-bse-fin:OneReportableSegmentLiabilities01Member WSI2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities02Member WSI2021-03-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares WSI 2020-04-01 2021-03-31 2021-07-07 INR Lakhs Yearly true Cash Flow Indirect Multi segment 2021-01-01 2021-03-31 Audited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 714000.00 0.00 2000.00 61865000.00 62582000.00 -62582000.00 0.00 -62582000.00 0.00 0.00 0.00 0.00 -62582000.00 8637000.00 0.00 8637000.00 0.00 -53945000.00 0.00 -53945000.00 0.00 0.00 262606000.00 10 -2.48 -2.48 0.33 0.33 -2.15 -2.15 Due to characters restrictions upto 4000 kindly refer for point 1 to 3,10,14 to the published results in pdf 4.Status of production and related activities remains unchanged as reported for previous qtrs. 5.No Interest has been provided on financial facilities availed from banks/financial institutions since company will be seeking reliefs as part of resolution plan eventually to be finalised. 6.In previous year (PY) Chennai Insulator division and Vizag Insulator division (wef 01.10.2019- 6 Months) were considered as “Discontinued Operations . For current full year under review, both Insulator divisions are being considered as “Discontinued Operations”. Hence previous period figures are not comparable. Turnkey Project Business Segment (TPBU) is considered as “Continuing Operations” in both years. Accordingly adjustments are shown separately in statement of profit and loss under Ind AS 105. 7.Company has partially complied with terms of settlement agreements executed with secured lenders as highlighted in the annual report for the FY ending 31.03.2019 but company has been unable to complete full and final settlement due in Feb 2019. Pursuant to the same, Company has received latest claim letter in Feb’21 claiming repayment of contractual dues as follows: (i) Rs.523.18 cr., from Edelweiss Asset Reconstruction Company Ltd (in its capacity as Trustee of EARC SAF 1 Trust, EARC Trust SC 168, EARC Trust SC 209) as on Jan 31, 2021, (ii) Rs.110.53 cr., from IDBI Trusteeship Service Ltd (as a debenture trustee on behalf of debenture holders) as on Jan 31, 2021 and (iii) Rs.177.40 cr., from Allium Finance Pvt Ltd as on Jan 31, 2021. Claim amounts include interest up to said period and other charges as provided for under respective financing documents entered into by company. Company is in discussions with secured lenders for its resolution. 8.As required under Ind AS 36 Impairment amounting to Rs.4618.93 Lakhs has been provided for the yr. ended 31.03.2021 in the books of Vizag Insulator Division (considered as discontinued operations w.e.f. 01.10.2019) with reference to Land on unexpired Lease period (as on 31.03.2021), Buildings on Card Rate and other fixed assets on the respective WDV basis. Provision made earlier in the yr. ended 31.03.2020 amounting to Rs.4570.01 Lakhs stands reversed. 9.Company has additionally subscribed to 20000 Equity Shares of Rs.10/- each fully paid up in Subsidiary, viz., Vidagara Tech Park Pvt Ltd during the quarter under review. 11.Company clarifies that its Project business vertical is currently functioning at a low scale because of inadequacy of funds. However, Company is evaluating various steps in connection with re-vitalization and long term stability and growth of its TPBU which potential and opportunity exists once the balance sheet is restructured. Moreover, continuing disruption caused by the Covid pandemic on normal business activities has delayed progress of such evaluation. Company is also in the process of exploring various options for effective usage of its industrial land in Chennai in compliance with various approvals and regulations based on its previous experience. These steps are intended to set foundation for the revival of activities of the company. Hence, Company continues to prepare its Accounts and Statement of audited financial results on a ‘going concern’ basis of accounting. 12.Lockdown and restriction of activities due to Covid-19 did not have any significant impact in Company’s overall performance during current period, but has impacted our functioning with shutdown of our office. Due to above, our efforts on the resolution plan has not made progress. We will be able to get a better clarity only after the lockdown is lifted and reasonable normalcy is restored. 13. Liability of Rs.4 cr., assigned by one of the erstwhile Subsidiaries to the Holding Company, now confirmed not payable, has been written back during the period under review. Multi segment 2020-04-01 2021-03-31 Audited Standalone 0.00 0.00 0.00 0.00 0.00 0.00 2847000.00 3000.00 9000.00 62940000.00 65798000.00 -65798000.00 0.00 -65798000.00 0.00 0.00 0.00 0.00 -65798000.00 -17769000.00 0.00 -17769000.00 0.00 -83567000.00 0.00 -83567000.00 0.00 0.00 262606000.00 10 0.00 -2.90 -2.90 -0.68 -0.68 -3.58 -3.58 Other Expenses 61865000.00 Other Expenses 62940000.00 Electro-porcelain products 0.00 Turnkey Projects 0.00 Electro-porcelain products 0.00 Turnkey Projects 0.00 0.00 0.00 0.00 0.00 Electro-porcelain products 8645000.00 Turnkey Projects -62581000.00 Electro-porcelain products -14402000.00 Turnkey Projects -65796000.00 -53937000.00 -80197000.00 8000.00 3370000.00 Considering the characters restrictions upto 4000 : In addition to the points 1 to 14 as mentioned in the Notes to financial results, 15.Breakup of Segment Results for Continuing and Discontinued Operations (Rs. in Lakhs) Quarter Ended ------------ 31.03.2021 1. Profit(+)/Loss(-) before Tax and Interest from each segment from continuing operations a) Electro-porcelain products b) Turnkey Projects (625.82) 2. Profit(+)/Loss(-) before Tax and Interest from each segment from discontinued operations - Electro-porcelain Products (86.45) Total (539.37) 3. Less:Interest(i)+(ii) as below 0.08 (i) from continuing operations a) Electro-porcelain products b) Turnkey Projects 0.01 (ii) from discontinued operations - Electro-Porcelain Products 0.07 (iii)from Continuing and discontinued operations 0.08 4. Total Earnings before Tax (i) from continuing operations (625.83) (ii) from discontinued operations 86.38 (iii) from Continuing and discontinued operations (539.45) -53944000.00 -83567000.00 Electro-porcelain products 609391000.00 Turnkey Projects 207000.00 609598000.00 117094000.00 726692000.00 Electro-porcelain products 292729000.00 Turnkey Projects 3492000.00 296221000.00 1236724000.00 1532945000.00 3000.00 0.00 14347000.00 0.00 -10112000.00 -66767000.00 0.00 0.00 0.00 -715000.00 0.00 -65139000.00 0.00 9000.00 0.00 69973000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -17769000.00 0.00 0.00 -76170000.00 -141969000.00 0.00 0.00 0.00 0.00 0.00 -141969000.00 0.00 300000.00 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 141895000.00 0.00 0.00 0.00 0.00 3000.00 0.00 0.00 141893000.00 -376000.00 0.00 -376000.00 2216000.00 1839000.00