GAYAHWS2023-04-012023-06-30 GAYAHWS2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member GAYAHWS2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member GAYAHWS2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 541546 GAYAHWS NOTLISTED Gayatri Highways Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-07-29 INR Lakhs First quarter 12:45:00 14:35:00 2023-08-10 2023-08-10 Not applicable Single segment Construction, invest, operations and maintenance of roads, highways, vehicle bridges and tunnels and toll roads on BOT, BOOT, BOLT, EPC basis or in any manner 2023-04-01 2023-06-30 Unaudited Consolidated 1800000.00 5754000.00 7554000.00 0.00 0.00 0.00 92000.00 52028000.00 199000.00 2507000.00 54826000.00 -47272000.00 0.00 -47272000.00 0.00 0.00 0.00 0.00 -47272000.00 -850079000.00 0.00 -850079000.00 -79470000.00 -976821000.00 0.00 -976821000.00 -976821000.00 0.00 -976821000.00 0.00 479304000.00 2 -0.53 -0.53 -3.55 -3.55 -4.08 -4.08 5.The Exceptional items of Rs. 17,887.51 Lakhs includes Loans payable written off during the quarter ended 31st March 2023. 6.Subsidiaries “Sai Maatarini Tollways Limited” and Indore Dewas Tollways Limited which are SPVs for Road project of NHAI on DBFOT pattern, terminated the project and handed over to NHAI and the financial statements are prepared on non-going concern basis. For the purpose of consolidation, the same is considered and accounted as per Ind AS 105 – Discontinued operations. 7.With respect to Subsidiary, Sai Maatarini Tollways Limited , the Auditor has qualified his conclusion in their limited review report based on a.) Difference in accounting of the termination payment receivable from NHAI Rs.1,78,228 Lakhs and claim to be given as per settlement agreement with NHAI Rs.96,803 Lakhs. Henceforth the expenses of the company are understated by Rs. 82,362 lakhs and assets overstated by Rs. 82,362 lakhs. Pending settlement with NHAI and Lenders, no adjustments have been made in financial statements. b.) Non-receipt of Balance confirmations from Banks and Financial Institutions as the accounts are NPAs. The company had recognized interest expense and other finance charges as per existing loan agreements. c.) Non-recognition of GST Liability on the Termination payment Rs.20,664 Lakhs. Pending the ultimate outcome of this matter, which is presently unascertainable, no adjustments have been made in the financial statements. d.) SMTL has written off a receivable of Rs.1,011.02 Lakhs from Gayatri Projects Limited and written back trade payable of Rs.2,915.68 Lakhs and claims payable of Rs 22,745 lakhs to Gayatri Projects Limited. However, the company has not received any confirmation from Gayatri Projects Limited for the write off/writeback. 8.With respect to Subsidiary, Indore Dewas Tollways Limited (IDTL), the Auditor has qualified his conclusion in their limited review report based on a.) Non-Accounting of Interest on Deferred additional concession fee (deferred premium) amounting to Rs. 15,527.25 Lakhs and this resulted in understatement of cumulative loss by Rs. 15,527.25 Lakhs and understatement of liabilities by the same amount. IDTL has provided for additional concession fee payable to NHAI of Rs.56,303.05 lakhs in accordance with IND AS accounting and not on realization basis. Further IDTL has not received any statement from NHAI demanding the additional concessional fee payable up to the date of termination of concession agreement. Pending the ultimate outcome of this dispute (settlement due to termination of concession agreement), which is presently unascertainable, the gain due to reversal of concessional fee payable if accounted on realization basis and its impact on the Profit for the year and reserves is not determinable at this stage. b.) Difference in accounting of the termination payment receivable from NHAI Rs.73,580 Lakhs and claim made on NHAI Rs.63,702 Lakhs. Pending the ultimate outcome of this dispute, which is presently unascertainable, the shortfall in realization of the claim receivable of Rs. 73,580 lakhs and its impact on the loss for the year and reserves is not determinable at this stage. c.) Non-receipt of Balance confirmations from Banks and Financial Institutions as the accounts are NPAs. The company had recognized interest expense and other finance charges as per existing loan agreements. They are unable to comment on impact, if any, on loss for the year and the Reserves had the confirmations been received from the lenders. d.) Non-receipt of bank statements and confirmations as on 30th June 2023 for the balances with banks in current accounts of Rs.482.99 lakhs which may result in over statement of assets by Rs.482.99 lakhs and understatement of liabilities by same amount. Operating & Maintenance Expenses 746000.00 Other expenses 1761000.00 0.00 0.00