GANGAFORGE2023-07-012023-09-30 GANGAFORGE2023-07-012023-09-30 GANGAFORGE2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member GANGAFORGE2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member GANGAFORGE2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 123456 GANGAFORGE NOTLISTED Ganga Forging Limited Equity 2023-04-01 2024-03-31 2023-10-14 2023-10-07 INR Lakhs Half yearly 11:40:00 12:20:00 2023-10-14 2023-10-14 true Cash Flow Indirect Not applicable Single segment Manufacturing of closed die forged products 2023-07-01 2023-09-30 Unaudited Standalone 85696000.00 250000.00 85946000.00 63808000.00 0.00 -10903000.00 7569000.00 1810000.00 2191000.00 19806000.00 84281000.00 1665000.00 0.00 1665000.00 0.00 -538000.00 -538000.00 0.00 2203000.00 0.00 0.00 0.00 0.00 2203000.00 0.00 2203000.00 0.00 0.00 105964000.00 1 0.02 0.02 0.00 0.00 0.02 0.02 a) The above unaudited financial results for the quarter ended September, 30 2023 have been reviewed by the Audit Committee and were thereafter approved by the Board of Directors of the Company held on 14.10.2023. The Statutory Auditors of the Company have carried out limited review of the financial results for the quarter ended on 30th September, 2023. Their limited review report does not have any qualification/modification. b) The financial results have been prepared in accordance with the applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and Amended Rules, 2016 and in terms of regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated 5th July, 2016. c) During the quarter ended on 30th September, 2023, the Company has issued 4,92,50,000 Fully Convertible Share Warrants at Rs. 5.20/- on Preferential basis, against such isuue, the company has partly received Share Money Application of Rs. 6,40,25,000. The Company has utilized such fund for the objects for which funds has been raised and there is no deviation on utilization of such fund. d) The Company is engaged in the manufacturing of closed die forged products, and therefore, the Company's business fall within a single business segment. Hence, Segment Reporting is not applicable to the Company. e) Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the aforesaid Financial Results may be accessed on the company’s website at www.gangaforge.com and may also be accessed at the website of the stock exchange where shares of the company are listed at www.nseindia.com. f) There were no investor complaints pending /received during the period under review. g) The Corresponding figures of the previous year’s /periods’ have been regrouped/rearranged, whenever required. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 184292000.00 250000.00 184542000.00 130533000.00 0.00 -5806000.00 12244000.00 3456000.00 4382000.00 36706000.00 181515000.00 3027000.00 0.00 3027000.00 0.00 -381000.00 -381000.00 0.00 3408000.00 0.00 0.00 0.00 0.00 3408000.00 0.00 3408000.00 0.00 0.00 105964000.00 1 0.03 0.03 0.00 0.00 0.03 0.03 Other Expenses 19806000.00 Other Expenses 36706000.00 164110000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1116000.00 1116000.00 0.00 370000.00 165596000.00 134999000.00 0.00 76081000.00 606000.00 0.00 507000.00 0.00 77194000.00 0.00 19646000.00 231839000.00 0.00 0.00 397435000.00 169989000.00 30024000.00 200013000.00 200013000.00 16749000.00 0.00 0.00 16749000.00 2228000.00 12461000.00 0.00 0.00 31438000.00 89586000.00 73375000.00 0.00 162961000.00 1767000.00 1256000.00 0.00 0.00 165984000.00 0.00 0.00 197422000.00 397435000.00 During the Reporting quarter Company had raised funds of Rs. 6,40,25,000/- by issue of fully convertible warrants on preferential basis and the said funds received as 25% of the issue price on allotment of Warrants. The said amount is disclosed in Balance sheet as Money Received against Share Warrants under Equity head but in XBRL utility as there is no such field in the Balance Sheet, we had entered that amount with Equity Share Capital. 3456000.00 0.00 0.00 0.00 -50236000.00 0.00 0.00 0.00 0.00 0.00 0.00 19732000.00 0.00 4382000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -22666000.00 -19639000.00 0.00 0.00 0.00 0.00 -1000.00 -19640000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 140000.00 5624000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5484000.00 0.00 0.00 0.00 64025000.00 0.00 0.00 0.00 0.00 0.00 36639000.00 0.00 0.00 0.00 3456000.00 0.00 0.00 23930000.00 -1194000.00 0.00 -1194000.00 1800000.00 606000.00 0.00 0.00 0.00 0.00 0.00 0.00