ROHLTD2023-04-012023-06-30 ROHLTD2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member ROHLTD2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member ROHLTD2023-04-012023-06-30in-bse-fin:OneOperatingExpenses03Member ROHLTD2023-06-30 ROHLTD2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532699 ROHLTD NA Royal Orchid Hotels Limited Equity 2023-04-01 2024-03-31 2023-08-07 2023-08-01 INR Lakhs First quarter 12:27:00 12:44:00 2023-08-07 2023-08-07 Not applicable Single segment Hospitality 2023-04-01 2023-06-30 Unaudited Consolidated 688881000.00 48282000.00 737163000.00 69487000.00 0.00 0.00 170800000.00 46215000.00 47580000.00 267657000.00 601739000.00 135424000.00 0.00 135424000.00 33077000.00 351000.00 33428000.00 0.00 101996000.00 0.00 0.00 0.00 5303000.00 107299000.00 -309000.00 106990000.00 96942000.00 10357000.00 96633000.00 10357000.00 274252000.00 10 3.53 3.53 0.00 0.00 3.53 3.53 The Statement for the quarter ended 300623 have been reviewed by the AC and approved by the BOD at their meeting held on 0708232 The Group has evaluated its Operating segments in accordance with Ind AS 108 and has concluded that it is engaged in a single operating segment viz hospitality business3 The figures for the quarter ended 310323 are the balancing figures between the audited figures in respect of the full financial years and published unaudited year to date figures upto third quarter of the respective financial years Also the figures upto the end of third quarter were subjected to limited review and were not subjected to audit4 During the year ended 310322 the Holding Company entered into arbitration in respect of one of its leased hotels with the lessor The Holding Company is of the view that it will be able to continue regular operations at the said premise Accordingly no adjustments with respect to lease liabilities and Right-of-use assets have been made as on 300623 The Holding Company has been accruing for the unpaid rent from the date of dispute out of which the Holding Company has been directed to make a payment of Rs1350 LAC basis an interim order dated 141022 issued by the arbitrator The said amount has been paid to the lessor in two installments ie on 310323 and 0604235 In the current quarter the Group has accounted for lease modification in accordance with Ind AS 116 due to change in certain lease terms for one of its leased premise The gain on such modification amounting to Rs 12130 LAC has been recorded under other income6 sebi on 310323 issued an Interim Order cum Show Cause Notice to the Company its Managing Director a Director and its CFO for not considering KSDPL as a subsidiary of ROHLand treating it as an associate and thereby overstating the consolidated net profit of the Royal Orchid Group and misrepresenting the consolidated financial statements for the financial year ended 310322 The interim order has directed the Company to restate its consolidated financial statements for the year ended 310322 and prepare its consolidated financial statements for the year ended 310323 after considering KSDPL as a subsidiaryThe order also contains show cause notices to show cause as to why suitable directions/prohibitions under SEBI Act should not be issued against the Noticees The order also contains show cause notices to show cause as to why inquiry should not be held in terms of Rule 4 of Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules 1995 and penalty be not imposed on SEBI Act 1992 for the above alleged violations of provisions of the SEBI Act LODR Regulations and PFUTP RegulationsThe Company its Board and its AChad carried out a detailed evaluation of the above order cum show cause notice and on the advice from its legal counsel had filed an appeal with the SAT against the order cum show cause notice issued by SEBI The SAT on 090523 had stayed the effect and operation of the order cum show cause notice issued by SEBI till 300623 This has been further extended till 170823In the year ended 310322 the management had assessed that due to change in the composition of the BOD of the aforesaid investee company the Holding Company lost control of the investee company and had accounted for such ‘loss of control’ Ind AS 110 Consolidated Financial Statements and accordingly the management is of the view that SEBI’s contention as included in the aforesaid interim order is not tenable Other Expenses 181836000.00 Power and fuel Expense 55467000.00 Rent Expense 30354000.00 items that will be reclassified subsequently to profit or loss -309000.00 -309000.00 0.00 0.00