SPYL2023-07-012023-09-30 SPYL2023-07-012023-09-30 SPYL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member SPYL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member SPYL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member SPYL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member SPYL2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533301 SPYL NOTLISTED Shekhawati Poly-Yarn Limited Equity 2023-04-01 2024-03-31 2023-10-25 2023-10-13 INR Lakhs Half yearly 15:00:00 17:30:00 2023-10-25 2023-10-25 true Cash Flow Indirect Not applicable Single segment TEXTILE 2023-07-01 2023-09-30 Unaudited Standalone 148712000.00 121322000.00 270034000.00 47574000.00 0.00 0.00 15955000.00 112000.00 21450000.00 101995000.00 187086000.00 82948000.00 0.00 82948000.00 0.00 0.00 0.00 0.00 82948000.00 0.00 0.00 0.00 0.00 82948000.00 0.00 82948000.00 0.00 0.00 344700000.00 1 0.24 0.24 0.00 0.00 0.24 0.24 Notes: 1 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25th October,2023 and have undergone Limited Review by the Statutory Auditors of the Company. 2 This statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and the recognized accounting practices and policies to the extent applicable. 3 Based on the guiding principles given in Ind-AS-108 Operating Segment, prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles accepted in India, the Company's primary business consists of Textile Products . As the Company's business falls within a single primary business segment, the disclosure requirements of Ind-AS-108 in this regard are not applicable. 4 During the quarter ended September 30, 2023, the company has not provided for interest amounting to Rs. 613.64 lakhs (Rs. 16620.69 lakhs till September 30, 2023) on the borrowings outstanding which have been classified as Non-Performing Assets (NPA) by the banks which has been assigned to Asset Restructuring Company ('ARC'). The company has also not provided penal interest and other bank charges, as the same are not ascertainable. During the FY 22-23, the Company has received 3 notices dated 29.09.2022 from ARC for public auction (through e-auction) on 7th November, 2022 under the Security Interest (Enforcement) Rules, 2002 for sale of immovable and movable secured assets situated at Goregaon, Masat and Naroli at a reserve price of Rs. Rs. 307.00 lakhs, 433.00 lakhs and Rs. 8700.00 lakhs respectively. In respect of property situated at Naroli, the Company has received another notice dated 15.12.2022 for e-auction on 02.01.2023 at a reduced reserve price of Rs. 6264.00 lakhs (from Rs. 8700.00 lakhs) and further received notice dated 03.01.2023 for e-auction on 24.01.2023 at a further reduced reserve price of Rs. 5011.20 lakhs. Impact of the sale of properties will be provided after outcome of the same received from the ARC. 5 The Company has suffered losses in previous years, its net worth has been completely eroded and the credit facilities of the company has also been classified as Non-performing assets (NPA) by its banks which has been assigned to Asset Restructuring Company ('ARC') . However, the company has prepared its financials on going concern basis, as the company is in the process of discussion with its lenders and is hopeful that the suitable resolution plan will be considered by its lenders. 6 Other income includes Rs. 898.61 lakhs claim of rate difference settled during the quarter on earlier period purchases and Rs. 304 lakhs Reversal of Expected Credit Loss on Other receivables which is received during the quarter. 7 The figures of the previous period have been re-grouped / rearranged and / or recast wherever considered necessary. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 304810000.00 122630000.00 427440000.00 101970000.00 3354000.00 1321000.00 32755000.00 224000.00 43060000.00 182561000.00 365245000.00 62195000.00 0.00 62195000.00 0.00 0.00 0.00 0.00 62195000.00 0.00 0.00 0.00 0.00 62195000.00 0.00 62195000.00 0.00 0.00 344700000.00 1 0.18 0.18 0.00 0.00 0.18 0.18 OTHER EXPENSES 45847000.00 POWER AND FUEL 56148000.00 OTHER EXPENSES 72568000.00 POWER AND FUEL 109993000.00 671484000.00 0.00 99000.00 0.00 0.00 30335000.00 30335000.00 56877000.00 758795000.00 11626000.00 0.00 91473000.00 26592000.00 573000.00 77500000.00 1135000.00 197273000.00 73436000.00 282335000.00 1041130000.00 344700000.00 -1751619000.00 -1406919000.00 -1406919000.00 0.00 3568000.00 3568000.00 5743000.00 0.00 0.00 0.00 9311000.00 2010170000.00 409398000.00 15740000.00 2435308000.00 1773000.00 1657000.00 0.00 0.00 2438738000.00 2448049000.00 1041130000.00 224000.00 -206000.00 101557000.00 0.00 -10204000.00 0.00 0.00 591000.00 0.00 -105884000.00 0.00 1500000.00 0.00 43060000.00 0.00 295000.00 0.00 1211000.00 0.00 0.00 0.00 863000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 31281000.00 93476000.00 0.00 0.00 0.00 37000.00 0.00 93439000.00 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 0.00 77500000.00 0.00 0.00 0.00 0.00 863000.00 0.00 -23000.00 0.00 -76660000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 653000.00 0.00 0.00 224000.00 0.00 0.00 -877000.00 15902000.00 0.00 15902000.00 10691000.00 26593000.00