NILAINFRA2023-04-012023-06-30 NILAINFRA2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member NILAINFRA2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530377 NILAINFRA NOTLISTED Nila Infrastructures Limited Equity 2023-04-01 2024-03-31 2023-08-12 2023-08-05 INR Lakhs First quarter 11:00:00 12:50:00 2023-08-12 2023-08-12 Not applicable Single segment Construction & Development of Infrastructure Projects 2023-04-01 2023-06-30 Unaudited Standalone 242923000.00 35523000.00 278446000.00 237911000.00 0.00 0.00 9260000.00 20095000.00 3696000.00 74000.00 271036000.00 7410000.00 0.00 7410000.00 -1104000.00 4009000.00 2905000.00 0.00 4505000.00 0.00 0.00 0.00 0.00 4505000.00 0.00 4505000.00 0.00 0.00 393889000.00 1 0.01 0.01 0.00 0.00 0.01 0.01 1. These results have been prepared in accordance with the IND AS notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time. 2. The above standalone Financial Results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meetings held on 12 August 2023. The statutory auditors of the company have conducted audit of these financial results in terms of Regulation 33 of SEBI (Listing obligations and disclosure requirements) Regulation, 2015 and have issued unmodified audit report on the same. 3. Figures for the quarter ended 31 March 2023 as reported in these financial results are the balancing figures between audited figures in respect of full finacial year and the published year to date figures up to the end of the third quarter of the relevant financial year. Also the figures upto the end of the third quater has only been reviewed and not subject to audit. 4. The entire operations of the Company constitute a single operating segment i.e. “construction and development of infrastructure projects” as per Ind AS 108 “Operating segments” specified under Section 133 of the Companies Act 2013. 5. The Parliament of India has approved the Code on Social Security, 2020 (the Code) which may impact the contributions by the Company towards provident fund, gratuity and ESIC. The Code has been published in the Gazette of India. However, the effective date has not yet been notified. The Company will assess the impact of the Code when it comes into effect and will record related impact, if any, in the period the Code becomes effective. 6. The Income-Tax Department had carried out a search operation at the Company's various business premises and residential premises of promoters and certain key employees of the company, under Section 132 of the Income-tax Act, 1961 on September 08, 2021. The Company had made the necessary disclosures to the stock exchanges in this regard on September 12, 2021, in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 (as amended). As of the date of issuing these financial results, the Company has received notices under Section 148 and / or Section 142(1)/143(2) of the Income Tax Act, 1961 for the assessment years 2014-15, 2016-17 to 2022-23, to which the Company has responded. Till the quarter ended June 30, 2023, the Company received orders for assessment years 2014-15, 2016-17 to 2022-23 and the Company has filed the necessary response and / or appeal. Management believes that these developments are unlikely to have a significant impact on the Company's financial position as of June 30, 2023, and its performance for the quarter ended on that date, as presented in these standalone financial results. However, due to the nature and complexity of the matter, the final outcome remains uncertain, making it currently impossible for the management to determine the potential impact, if any, on the results related to this issue. The statutory auditors have issued an Emphasis of Matter in their review report on the standalone financial results for the quarter ended June 30, 2023, highlighting this matter. 7. Figures have been regrouped/rearranged/reclassified whenever necessary. Other Expenses 74000.00 0.00 0.00