MODTHREAD2023-01-012023-03-31 MODTHREAD2023-01-012023-03-31 MODTHREAD2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneOperatingExpenses02Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourOperatingExpenses02Member MODTHREAD2023-03-31 MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue01Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue02Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue03Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue01Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue02Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourReportableSegmentRevenue03Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults01Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults02Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults03Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults01Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults02Member MODTHREAD2023-01-012023-03-31in-bse-fin:FourReportableSegmentResults03Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets01Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets02Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets03Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member MODTHREAD2023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member MODTHREAD2023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member MODTHREAD2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities03Member MODTHREAD2023-03-31in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500282 MODTHREAD NOTLISTED Modern Thread Limited Equity 2022-04-01 2023-03-31 2023-05-29 2023-05-18 INR Lakhs Yearly 16:00:00 19:05:00 2023-05-29 2023-05-29 true Cash Flow Indirect Statement on impact of audit qualification Multi segment 2023-01-01 2023-03-31 Audited Standalone 715008000.00 21682000.00 736690000.00 367687000.00 291000.00 24607000.00 76571000.00 7117000.00 9142000.00 149914000.00 635329000.00 101361000.00 0.00 101361000.00 0.00 0.00 0.00 0.00 101361000.00 0.00 0.00 0.00 0.00 101361000.00 -377000.00 100984000.00 0.00 0.00 347752000.00 10 2.91 2.91 0.00 0.00 2.91 2.91 Notes :- 1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29/05/2023. 2. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ( Ind AS ) notified under the companies (Indian Accounting Standards) Rules, 2015, as amended, as specified in section 133 of the Companies Act, 2013, except stated otherwise. 3. Non current secured borrowings (Debentures, term loan and accrued interest) of Rs. 20729.85 lakhs was settled at Rs. 1855 lakhs, out of it, Rs. 1780 lakhs has already been paid up to 31.03.2022 and balance Rs. 75 lakhs has been paid during the year. As the Company has complied with terms of settlement and accordingly, balance liabilities of Rs. 18874.85 Lakhs has been written back and credited to Statement of Profit and Loss as an Exceptional Items due to which net worth of the company has become positive. 4. The Company has not provided for interest (Dividend) on cumulative redeemable preference shares for the quarter ended 31.03.20232 Rs. 8.91 Lakhs and for the year ended 31.03.2023 Rs. 36.13 Lakhs and Cuumulative interest (Dividend) Rs. 975.48 lakhs upto 31.03.2023, as the Company is in process of settlement of remaining redeemable preference share capital. 5. Balances of trade payables and trade receivable are subject to confirmation and consequential adjustments, if any. 6. Share Application Money Rs. 1450 Lakhs has been raised pursuant to restructuring / settlement scheme submitted to BIFR but consequent to abatement of Sick Industrial Companies (Special Provision) Act, 1985 w.e.f. 01/12/2016, it become refundable. 7. Provision for Income Tax has not been made in view of accumulated losses and deferred tax asset has not recognised in the financial statement as a matter of prudence. 8. The figures of the quarter ended 31st March, 2023 and quarter ended 31st March, 2022 are the balancing figures between audited figures between audited figures in respect of the full financial year and published year to date figure upto the end of third quarter of respective financial year which were subjected to limited review by the respective auditor. 9. Figures for the previous period have been regrouped/ rearranged wherever necessary to confirm to current period presentation. For and on behalf of the Board of Directors Modern Threads (India) Limited (Ram Awatar Kabra) Place : Bhilwara Executive Director Date : 29/05/2023 DIN : 00945603 Multi segment 2022-04-01 2023-03-31 Audited Standalone 3011122000.00 41982000.00 3053104000.00 1837057000.00 291000.00 -73219000.00 313100000.00 32867000.00 34915000.00 654414000.00 2799425000.00 253679000.00 1887485000.00 2141164000.00 0.00 0.00 0.00 0.00 2141164000.00 0.00 0.00 0.00 0.00 2141164000.00 1656000.00 2142820000.00 0.00 0.00 347752000.00 10 685773000.00 61.57 61.57 0.00 0.00 61.57 61.57 Administrative and Selling Expenses 45578000.00 Manufacturing Expenses 104336000.00 Administrative and Selling Expenses 176996000.00 Manufacturing Expenses 477418000.00 400894000.00 5421000.00 39994000.00 0.00 668000.00 0.00 0.00 0.00 79000.00 0.00 0.00 39410000.00 39489000.00 1307000.00 16604000.00 504377000.00 717480000.00 19727000.00 396337000.00 74724000.00 5701000.00 0.00 2475000.00 498964000.00 0.00 49747000.00 1266191000.00 0.00 0.00 1770568000.00 347752000.00 685773000.00 1033525000.00 1033525000.00 0.00 0.00 50000.00 50000.00 35770000.00 0.00 0.00 0.00 35820000.00 0.00 385485000.00 241654000.00 627139000.00 68627000.00 5457000.00 0.00 0.00 701223000.00 0.00 0.00 737043000.00 1770568000.00 Notes :- 1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29/05/2023. 2. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ( Ind AS ) notified under the companies (Indian Accounting Standards) Rules, 2015, as amended, as specified in section 133 of the Companies Act, 2013, except stated otherwise. 3. Non current secured borrowings (Debentures, term loan and accrued interest) of Rs. 20729.85 lakhs was settled at Rs. 1855 lakhs, out of it, Rs. 1780 lakhs has already been paid up to 31.03.2022 and balance Rs. 75 lakhs has been paid during the year. As the Company has complied with terms of settlement and accordingly, balance liabilities of Rs. 18874.85 Lakhs has been written back and credited to Statement of Profit and Loss as an Exceptional Items due to which net worth of the company has become positive. 4. The Company has not provided for interest (Dividend) on cumulative redeemable preference shares for the quarter ended 31.03.20232 Rs. 8.91 Lakhs and for the year ended 31.03.2023 Rs. 36.13 Lakhs and Cuumulative interest (Dividend) Rs. 975.48 lakhs upto 31.03.2023, as the Company is in process of settlement of remaining redeemable preference share capital. 5. Balances of trade payables and trade receivable are subject to confirmation and consequential adjustments, if any. 6. Share Application Money Rs. 1450 Lakhs has been raised pursuant to restructuring / settlement scheme submitted to BIFR but consequent to abatement of Sick Industrial Companies (Special Provision) Act, 1985 w.e.f. 01/12/2016, it become refundable. 7. Provision for Income Tax has not been made in view of accumulated losses and deferred tax asset has not recognised in the financial statement as a matter of prudence. 8. The figures of the quarter ended 31st March, 2023 and quarter ended 31st March, 2022 are the balancing figures between audited figures between audited figures in respect of the full financial year and published year to date figure upto the end of third quarter of respective financial year which were subjected to limited review by the respective auditor. 9. Figures for the previous period have been regrouped/ rearranged wherever necessary to confirm to current period presentation. For and on behalf of the Board of Directors Modern Threads (India) Limited (Ram Awatar Kabra) Place : Bhilwara Executive Director Date : 29/05/2023 DIN : 00945603 Others - PTA project Shelved 0.00 Synthetic Yarn 197579000.00 Woollens 519012000.00 Others - PTA project Shelved 0.00 Synthetic Yarn 990414000.00 Woollens 2029176000.00 716591000.00 3019590000.00 1583000.00 8468000.00 715008000.00 3011122000.00 Others - PTA project Shelved 0.00 Synthetic Yarn -19590000.00 Woollens 128068000.00 Others - PTA project Shelved -928000.00 Synthetic Yarn -23298000.00 Woollens 310772000.00 108478000.00 286546000.00 7117000.00 32867000.00 0.00 Notes :- 1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29/05/2023. 2. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ( Ind AS ) notified under the companies (Indian Accounting Standards) Rules, 2015, as amended, as specified in section 133 of the Companies Act, 2013, except stated otherwise. 3. Non current secured borrowings (Debentures, term loan and accrued interest) of Rs. 20729.85 lakhs was settled at Rs. 1855 lakhs, out of it, Rs. 1780 lakhs has already been paid up to 31.03.2022 and balance Rs. 75 lakhs has been paid during the year. As the Company has complied with terms of settlement and accordingly, balance liabilities of Rs. 18874.85 Lakhs has been written back and credited to Statement of Profit and Loss as an Exceptional Items due to which net worth of the company has become positive. 4. The Company has not provided for interest (Dividend) on cumulative redeemable preference shares for the quarter ended 31.03.20232 Rs. 8.91 Lakhs and for the year ended 31.03.2023 Rs. 36.13 Lakhs and Cuumulative interest (Dividend) Rs. 975.48 lakhs upto 31.03.2023, as the Company is in process of settlement of remaining redeemable preference share capital. 5. Balances of trade payables and trade receivable are subject to confirmation and consequential adjustments, if any. 6. Share Application Money Rs. 1450 Lakhs has been raised pursuant to restructuring / settlement scheme submitted to BIFR but consequent to abatement of Sick Industrial Companies (Special Provision) Act, 1985 w.e.f. 01/12/2016, it become refundable. 7. Provision for Income Tax has not been made in view of accumulated losses and deferred tax asset has not recognised in the financial statement as a matter of prudence. 8. The figures of the quarter ended 31st March, 2023 and quarter ended 31st March, 2022 are the balancing figures between audited figures between audited figures in respect of the full financial year and published year to date figure upto the end of third quarter of respective financial year which were subjected to limited review by the respective auditor. 9. Figures for the previous period have been regrouped/ rearranged wherever necessary to confirm to current period presentation. For and on behalf of the Board of Directors Modern Threads (India) Limited (Ram Awatar Kabra) Place : Bhilwara Executive Director Date : 29/05/2023 DIN : 00945603 0.00 101361000.00 253679000.00 Others - PTA project Shelved 115086000.00 Synthetic Yarn 359611000.00 Woollens 1295871000.00 1770568000.00 0.00 1770568000.00 Others - PTA project Shelved 0.00 Synthetic Yarn 253584000.00 Woollens 483459000.00 737043000.00 0.00 737043000.00 32867000.00 -114808000.00 -160195000.00 0.00 -19144000.00 6732000.00 -13319000.00 -212000.00 -1145000.00 117593000.00 0.00 5439000.00 0.00 34915000.00 0.00 1758000.00 0.00 14850000.00 0.00 0.00 0.00 0.00 0.00 1656000.00 0.00 -1887485000.00 -2707000.00 0.00 0.00 -1983205000.00 157959000.00 0.00 0.00 0.00 -125000.00 32000.00 158116000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5094000.00 80415000.00 0.00 19500000.00 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 -94821000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -7500000.00 0.00 -2000.00 0.00 0.00 32867000.00 0.00 0.00 -40365000.00 22930000.00 0.00 22930000.00 51794000.00 74724000.00 -377000.00 1656000.00 0.00 0.00 0.00 0.00