ACL2023-04-012023-06-30 ACL2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member ACL2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member ACL2023-04-012023-06-30in-bse-fin:OneOperatingExpenses03Member ACL2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532141 ACL Notlisted Andhra Cements Limited Equity 2023-04-01 2024-03-31 2023-07-27 2023-07-13 INR Lakhs First quarter 11:30:00 13:30:00 2023-07-27 2023-07-27 Not applicable Single segment cement 2023-04-01 2023-06-30 Unaudited Standalone 132000000.00 3600000.00 135600000.00 70700000.00 0.00 -500000.00 28000000.00 141400000.00 128700000.00 143500000.00 511800000.00 -376200000.00 0.00 -376200000.00 0.00 -129600000.00 -129600000.00 0.00 -246600000.00 0.00 0.00 0.00 0.00 -246600000.00 0.00 -246600000.00 0.00 0.00 921700000.00 10 -2.68 -2.68 0.00 0.00 -2.68 -2.68 Notes: 1. The above financial results of Andhra Cements Limited (the Company) as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on July 27, 2023. The Statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review of the quarter ended June 30, 2023. 2. The Company is engaged in manufacture and sale of cement and cement related products which constitutes a single reportable business segment as per Ind AS 108 - Operating Segments. 3. The financial results of the Company have been prepared in accordance with the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 (the Act) read with relevant rules issued thereunder ('Ind AS') and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (SEBI) . 4. The implementation of the Approved Resolution Plan commenced on February 17, 2023, the entire process was completed within the prescribed timeline of 30 days as mentioned in the approved Resolution Plan. Pursuant to the implementation of resolution plan, Erstwhile promoter fully paid up equity shares of 20,17,41,371 has been cancelled and the public shareholding have been reduced from 9,17,79,121 shares to 45,88,956 of Rs. 10 each (i.e., reduced to 5%) of the reconstituted paid up equity share capital of the Company. The Board of Directors of the Company at its meeting held on March 23, 2023 approved allotment of 8,75,63,533 fully paid equity shares Rs. 10/- each to Sagar Cements Limited with a premium of Rs. 26.80 per share, aggregating to Rs. 32,223 Lakhs, representing 95% of the equity share capital of the Company. 5. Post implementation of the resolution plan, the Monitoring Committee was dissolved on March 17, 2023 and the Board of Directors took charge for managing the affairs of the company and to maintain the Company as a going concern. 6 .During the previous quarter ended March 31, 2023, company has written back the interest cost accrued in the prior quarters of the year ended March 31, 2023 in accordance with approved Resolution plan. 8. The figures for the quarter ended March 31, 2023 are the balancing figures of the audited financials for the year ended March 31, 2023 and unaudited the year to date published results for the nine months ended December 31, 2022, which were subject to limited review by the statutory auditors. The financials results of the Company for the quarter ended June 30, 2022 and quarter ended March 31, 2023 were reviewed by the predecessor auditors (M/s Dass Gupta & Associates, Chartered Accountants), who had expressed an unmodified review conclusion. The financial results of the Company for the year ended March 31, 2023 were audited by the predecessor auditors (M/s Dass Gupta & Associates, Chartered Accountants), who had expressed an unmodified audit opinion. Freight and forwarding expense 28800000.00 Other expenses 67100000.00 Power and fuel expenses 47600000.00 0.00 0.00