SUMEETINDS2023-04-012023-06-30 SUMEETINDS2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SUMEETINDS2023-06-30 SUMEETINDS2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member SUMEETINDS2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 514211 SUMEETINDS NOTLISTED Sumeet Industries Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-07-26 INR Lakhs First quarter 16:30:00 18:00:00 2023-08-10 2023-08-10 false Not applicable Single segment Textile 2023-04-01 2023-06-30 Unaudited Consolidated 2447509000.00 2939000.00 2450448000.00 2105859000.00 0.00 -31342000.00 62941000.00 60000.00 59507000.00 410946000.00 2607971000.00 -157523000.00 0.00 -157523000.00 0.00 0.00 0.00 0.00 -157523000.00 0.00 0.00 0.00 0.00 -157523000.00 1406000.00 -156117000.00 0.00 0.00 1036424000.00 10 -1.52 0.00 0.00 0.00 -1.52 0.00 1. The above Un-Audited Financial Results for the quarter ended 30th June, 2023, were reviewed and approved by the Board of Directors (Suspended) and taken on records by Resolution Professional (RP) on August 10, 2023. 2. The Financial results of M/s Sumeet Global Pte Limited, wholly owned overseas subsidiary of Sumeet Industries Ltd have been included in the Consolidated Financial Results. 3. The Hon’ble National Company Law Tribunal Bench, Ahmedabad vide order dated vide order dated 20.12.2022 ('Insolvency Commencement Date') has initiated Corporate Insolvency Resolution Process ('CIRP') U/S 7 of the Insolvency and Bankruptcy Code, 2016 ('The Code') based on the application filed by IDBI Bank Limited, Secured Creditor of the Company. Mr. Kuresh Hatim Khambati (having registration number IBBI/IPA-001/IP-P-01521/2018-19/12454) was appointed as Interim Resolution Professional (“IRP”). Pursuant to the NCLT order for commencement of the CIRP and in line with the provision of the Code, the power of the Board of Directors stand suspended and be exercised by the IRP. Subsequently on application filed by BOB, the lead Banker for replacement of IRP, Mr. Satyendra P. Khorania (Reg. No. IBBI/IPA-002/IP-N00002/2016-17/10002) has been appointed as a Resolution Professional ( RP ) of the company vide Hon’ble NCLT order dated 15.02.2023. The Company is continued as going concern. The above results were reviewed by the Management and the RP. 4.The company has not provided interest amount in the financial accounts on outstanding loans during the quarter under review due to initiation of CRIP vide Hon'ble NCLT Order dated 20.12.2022 5.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 specified in Section 133 of the Companies Act, 2013. 6.The Company is operating in Textile Business only therefore, there is only one reportable segment in accordance with the Accounting Standards AS-17 issued by ICAI. 7.The figures of previous period are regrouped/reclassified wherever necessary to correspond to the figures of the current reporting period. Other Expenses 410946000.00 Fair Value of Equity Instruments through other Comprehensive Income 26000.00 26000.00 0.00 Exchange difference to in translating the financial statement of a foreign opartion 1380000.00 1380000.00 0.00