AKASH2023-01-012023-03-31 AKASH2023-01-012023-03-31 AKASH2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member AKASH2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member AKASH2023-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 000000 AKASH NOTLISTED Akash Infra Projects Limited Equity 2022-04-01 2023-03-31 2023-05-19 2023-05-13 INR Lakhs Yearly 17:00:00 18:35:00 2023-05-19 2023-05-19 true Cash Flow Indirect Declaration of unmodified opinion Single segment INFRASTRUCTURE 2023-01-01 2023-03-31 Audited Consolidated 132855000.00 1548000.00 134403000.00 153458000.00 0.00 -90809000.00 6995000.00 16713000.00 2730000.00 44376000.00 133463000.00 940000.00 0.00 940000.00 277000.00 656000.00 933000.00 0.00 7000.00 0.00 0.00 0.00 46000.00 53000.00 403000.00 456000.00 55000.00 -3000.00 450000.00 6000.00 168625000.00 10 0.03 0.03 0.00 0.00 0.03 0.03 The Financial Resuts of the Company for the Quarter and Year Ended March 31, 2023 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their meeting held on May 19, 2023. The Results are being Published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These Financial Results have been prepared in accordance with Indian Accounting Standards (Ind- AS) as prescribed under section 133 of Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. The Statutory Auditors have expressed an Un-Modified Audit Opinion. The Company is engaged only in the business of civil constructions. Accordingly, there is no separate reportable segments as per Indian Accounting Standard 108 (Ind AS) on 'Operating Segment'. Comparative figures have been rearranged/regrouped wherever necessary. Correction of Errors in Consolidated Financial Result. During financial year 2022-23, the group discovered the error in consolidation of financials for the quarter ended 31st March, 2022, wherein Investment in associates, remeasurement gain for defined benefit plans, Non-controlling interest were wrongly consolidated and error in excel formula. As a consequence, Total Comprehensive Income in Statement of Profit or Loss have been understated. The errors have been corrected by restating consolidated statement of other comprehensive income and consolidated statement of financial position during quarter ended June 2022. The following table summarises the impacts on Group's Consolidated financial results. A. Consolidated financial result for the quarter and year ended 31st March, 2022: [Rs. in Lakhs] Particulars Quarter ended 31st March, 2022 Year ended 31st March, 2022 Particulars Quarter ended 31st March, 2022 Year ended 31st March, 2022 As previously reported Adjustments As restated As previously reported Adjustments As restated Other Expenses TOTAL EXPENSES 1444.81 1.34 1446.15 2564.23 - 2564.23 Profit before Extraordinary Items and Tax (V+VI) 5462.21 1.34 5463.55 9336.63 - 9336.63 Profit / (Loss) after Exceptional items but Before Tax (3-4) 261.00 -1.34 259.66 234.91 - 234.92 Share of profit from associate companies (Net of tax) 261.00 -1.34 259.66 234.91 - 234.92 Profit/Loss for the period -12.66 5.68 -6.98 -5.29 - -5.29 Other Comprehensive Income Profit/loss for the period (7+8) 273.69 4.33 278.02 232.26 - 232.27 1) Item that will not be reclassified to profit & loss 22.31 -0.00 22.31 -2.52 22.94 20.42 Total comprehensive income for the year (XI+XII) 0.48 -0.39 0.09 0.49 0.49 Earnings per equity share 293.04 3.94 296.98 227.04 22.94 249.98 Basic in Rs 1.74 0.02 1.76 1.35 0.14 1.48 Dulited in Rs 1.74 0.02 1.76 1.35 0.14 1.48 B. Consolidated Statement of Assets and Liabilities as on 31st March, 2022: [Rs. in Lakhs] Particulars As previously reported Adjustments As restated Non-Current Investments 32.61 296.53 329.14 Deferred Tax Assets (net) 59.03 -46.92 12.1 Total Non-current Assets 965.61 249.61 1215.22 Total Assets 14735.04 249.61 14984.65 Other Equity 6270.39 268.53 6538.92 Non-Controlling Interest 25.23 -18.92 6.31 Total Equity 7981.88 249.61 8231.49 Total Equity and Liabilities 14735.04 249.61 14984.65 Comparative figures have been rearranged/regrouped wherever necessary. The Company has incorporated new foreign subsidiary in USA namly Alcash International LLC in Feb 2023 and The company has invested 42.09 Lacs at 9996 holding. The figures has been included in consolidated financial statements. Single segment 2022-04-01 2023-03-31 Audited Consolidated 617802000.00 10553000.00 628355000.00 570443000.00 0.00 -245974000.00 29840000.00 44444000.00 10648000.00 201675000.00 611076000.00 17279000.00 0.00 17279000.00 2680000.00 688000.00 3368000.00 0.00 13911000.00 0.00 0.00 0.00 -104000.00 13807000.00 718000.00 14525000.00 13795000.00 12000.00 14442000.00 83000.00 168625000.00 10 666649000.00 0.86 0.86 0.00 0.00 0.86 0.86 Other Expenses 44376000.00 Other Expenses 201675000.00 715000.00 51411000.00 0.00 39000.00 32775000.00 0.00 30541000.00 63316000.00 540000.00 73000.00 115379000.00 383866000.00 0.00 1232995000.00 5946000.00 53490000.00 0.00 6368000.00 1298799000.00 123406000.00 1806071000.00 1921450000.00 168625000.00 666649000.00 835274000.00 835989000.00 24943000.00 120088000.00 145031000.00 0.00 59000.00 145090000.00 580701000.00 347074000.00 1651000.00 929426000.00 4634000.00 3334000.00 2977000.00 940371000.00 1085461000.00 1921450000.00 44440000.00 -271763000.00 -161932000.00 0.00 7688000.00 0.00 -3972000.00 0.00 0.00 44808000.00 0.00 0.00 0.00 -10741000.00 0.00 1123000.00 0.00 -16360000.00 0.00 0.00 0.00 -3417000.00 0.00 0.00 0.00 0.00 0.00 -1223000.00 0.00 -364515000.00 -347236000.00 0.00 0.00 0.00 0.00 12404000.00 -334832000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3906000.00 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 3417000.00 0.00 5637000.00 0.00 5148000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -378635000.00 0.00 0.00 1686000.00 0.00 0.00 -43217000.00 333732000.00 4048000.00 0.00 4048000.00 1898000.00 5946000.00 407000.00 485000.00 63000.00 76000.00 -59000.00 -309000.00