ANKITMETAL2022-10-012022-12-31 ANKITMETAL2022-10-012022-12-31 ANKITMETAL2022-10-012022-12-31in-bse-fin:OneOperatingExpenses01Member ANKITMETAL2022-10-012022-12-31in-bse-fin:OneOperatingExpenses02Member ANKITMETAL2022-10-012022-12-31in-bse-fin:FourOperatingExpenses01Member ANKITMETAL2022-10-012022-12-31in-bse-fin:FourOperatingExpenses02Member ANKITMETAL2022-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532870 ANKITMETAL NOTLISTED Ankit Metal & Power Limited Equity 2022-04-01 2023-03-31 2023-02-13 2023-02-06 INR Lakhs Third quarter 17:00:00 21:30:00 2023-02-13 2023-02-13 Not applicable Single segment IRON & STEEL 2022-10-01 2022-12-31 Unaudited Standalone 1971683000.00 175000.00 1971858000.00 1382847000.00 294036000.00 151884000.00 33655000.00 176000.00 94398000.00 446330000.00 2403326000.00 -431468000.00 0.00 -431468000.00 0.00 0.00 0.00 0.00 -431468000.00 0.00 0.00 0.00 0.00 -431468000.00 1578000.00 -429890000.00 0.00 0.00 1411105000.00 10 -3.06 -3.06 0.00 0.00 -3.06 -3.06 1)The above results for the quarter and nine months ended 31st December, 2022 have been prepared in accordance with Indian Accounting Standard (Ind AS). 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 ` 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 made till nine month ended 31st December, 2022 amounts to ` 4,719.95 Lacs (shown under the head Capital Work-in-Progress ). 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 respect of credit facility availed from Andhra Bank assigned to Alchemist Asset Reconstruction Company Ltd (AARC), the company has defaulted in making repayment of loan as per the Restructuring Package. The company has written back ` 1,572.99 Lacs in earlier years on account of Restructuring Package. As per the terms of the agreeement, the restructuring package stands revoked without any notice if payment not made till 12th December, 2022. However, the company is in active discussion with the respective party regarding revival of the Restructuring Package. Accordingly, the company has not recognised liability in respect of principal amounting to ` 991.85 Lacs and in respect of Interest accrued till 31st December, 2022 amounting to ` 1,469.81 Lacs. In view of the above, pending finalization/revival 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 Lenders. 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 ` 4,972.15 Lacs (including ` 1,469.81 Lacs in respect of AARC ) for the quarter ended 31st December, 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 31st December, 2022 amounted to ` 92,516.26 Lacs. The same have consequential impact on the reported figures. 4) The Company has incurred loss of ` 4,298.90 Lacs for the quarter ended 31st December, 2022. The accumulated loss as on 31st December, 2022 is ` 1,29,920.26 Lacs which is in excess of the entire net worth of the company. 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. 6) Other Operating Revenue includes Net of Liabilities no longer required amounting to ` 5,800.35 Lacs written back during the nine month ended 31st December, 2022. 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. 8) The figures for the previous period/year have been regrouped and /or reclasified to conform to the classification of current period/year wherever necessary. Single segment 2022-04-01 2022-12-31 Unaudited Standalone 5916687000.00 522000.00 5917209000.00 3432190000.00 773119000.00 981354000.00 94049000.00 593000.00 270874000.00 1046871000.00 6599050000.00 -681841000.00 0.00 -681841000.00 0.00 0.00 0.00 0.00 -681841000.00 0.00 0.00 0.00 0.00 -681841000.00 4734000.00 -677107000.00 0.00 0.00 1411105000.00 10 -4.83 -4.83 0.00 0.00 -4.83 -4.83 Other Expenses 216186000.00 Power 230144000.00 Other Expenses 648412000.00 Power 398459000.00 1578000.00 4734000.00 0.00 0.00 0.00 0.00