5328702022-07-012022-09-305328702022-09-305328702022-03-315328702022-04-012022-09-305328702022-07-012022-09-30in-bse-fin:OtherExpenses1Member5328702022-07-012022-09-30in-bse-fin:OtherExpenses2Member5328702022-04-012022-09-30in-bse-fin:OtherExpenses1Member5328702022-04-012022-09-30in-bse-fin:OtherExpenses2Member5328702022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15328702022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares532870ANKITMETALNOTLISTEDINE106I01010ANKIT METAL & POWER LIMITEDEquity2022-04-012023-03-312022-11-142022-11-07INRLakhsHalf yearlySingle segmentIRON & STEEL2022-11-1421:45:002022-11-1422:30:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone1873693000330000187402300084304100019947600039204400027838000253000863750004403010001989328000-1153050000-1153050000000-1153050000000-1153050001578000-11372700000141110500010-0.82-0.8200-0.82-0.821)The above results for the quarter and half year ended 30th September, 2022 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 14th November,2022. <BR> 2) During the F.Y. 21-22,the Company has planned to increase its Pellet production capacity from the existing capacity of 6,00,000 MT p.a to 12,00,000 MT p.a in F.Y. 2022-23 at an overall CAPEX outlay of Rs 12,500 Lacs approx. These investments, efficiently executed, shall give the company higher productivity, superior cost profile- to serve a growing domestic and global market. The investment in respect of the aforesaid project has been made till this quarter ended 30th September, 2022 for Rs. 4,719.95 Lacs (shown under the head "Capital Work-in-Progress"). <BR> 3) Various credit facilities availed from SBI, Allahabad Bank, IOB, UBI and IDBI have been assigned by the respective Banks to 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. <BR> In view of the above, pending finalization of the restructuring plan, the company has not provided accrued interest in its books during the quarter as the account was declared NPA by the banks. The amount of interest has been recognised in the books of accounts to the extent amount charged/realised by the banks as reflected in the Bank Statements. The amount of interest not so provided stands at Rs. 3,533.28 Lacs for the quarter ended 30th September, 2022 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, 2022 amounted to Rs. 86,552.26 Lacs. The same have consequential impact on the reported figures. <BR> In respect of credit facility availed from Andhra Bank assigned to Alchemist Asset Reconstruction Company Ltd, repayment of installment amount of Rs. 173.52 Lacs is overdue till 30th September, 2022. <BR> 4) The Company has incurred loss of Rs 1,137.27 Lacs for the quarter ended 30th September, 2022. The accumulated loss as on 30th September, 2022 is Rs 1,25,621.36 Lacs which is in excess of the entire net worth of the company. The Government has put major emphasis on infrastructure development and thus continuous sustained demand is expected in iron and steel industry going forward. Considering the above developments and expected favourable impact thereof on the Company's operations and financials, the Company has prepared the financial results on the basis of 'Going Concern' assumption. <BR> 5) In the opinion of the management, current and non current asset have a value of realization in the ordinary course of business at least equal to the amount at which they are stated in the accounts. Certain balances of “Trade Receivables”, “Trade Payables”, "Borrowings", “Advances from Customers”, “Advances Recoverable In Cash or Kind”, “Advance to Suppliers and Other Parties”, "Current Accounts and Cash Credit Accounts in Banks", etc includes balances remaining outstanding for a substantial period. The balances are subject to confirmations and reconciliations. The Balance with revenue authorities are subject to final assessment order and/or submission of returns. The reported financials might have consequential impact once the confirmations are received and reconciliation if any is made. <BR> 6) Other Operating Revenue includes Net of Liabilities no longer required amounting to Rs. 3,503.50 Lacs written back during the quarter ended 30th September, 2022. <BR> 7) 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. <BR> 8) The figures for the previous period/year have been regrouped and /or reclassified to conform to the classification of current period/year wherever necessary.2022-04-012022-09-30UnauditedStandalone394500400034700039453510002049343000479083000713028000603940004170001764760007169830004195724000-2503730000-2503730000000-2503730000000-2503730003156000-24721700000141110500010-1.77-1.7700-1.77-1.77Power59144000Other Expenses381157000Power168315000Other Expenses548668000443845700047199500000000012190000020473000216920000709000493285300055207100000325552000591900024700005698800038870600042803000694413000664663200000115794850001411105000-9510129000-8099024000-80990240003383080000033830800042606000380914000109458210005750210000166395300018359984000831526000106085000001929759500000196785090001157948500041700044894100029887000000-3110001468100000-2624250000252160000176476000000-172010000003470000000000547463000297090000000031560003002460000000000001879970000000000000000000003470000-5000-18765500000000000011250100000041700000-112918000-3270000-32700062460005919000Item that will not be reclassified to profit and loss15780001578000Item that will not be reclassified to profit and loss3156000315600000