5321892025-01-012025-03-315321892025-03-315321892024-03-315321892024-04-012025-03-315321892025-01-012025-03-31in-capmkt:OtherExpenses1Member5321892024-04-012025-03-31in-capmkt:OtherExpenses1Member5321892025-01-012025-03-31in-capmkt:ReportableSegments1Member5321892025-01-012025-03-31in-capmkt:ReportableSegments2Member5321892025-01-012025-03-31in-capmkt:ReportableSegments3Member5321892025-01-012025-03-31in-capmkt:ReportableSegments4Member5321892025-01-012025-03-31in-capmkt:ReportableSegments5Member5321892024-04-012025-03-31in-capmkt:ReportableSegments1Member5321892024-04-012025-03-31in-capmkt:ReportableSegments2Member5321892024-04-012025-03-31in-capmkt:ReportableSegments3Member5321892024-04-012025-03-31in-capmkt:ReportableSegments4Member5321892024-04-012025-03-31in-capmkt:ReportableSegments5Member5321892025-01-012025-03-31in-capmkt:ReportableSegments1Member5321892025-01-012025-03-31in-capmkt:ReportableSegments2Member5321892025-01-012025-03-31in-capmkt:ReportableSegments3Member5321892025-01-012025-03-31in-capmkt:ReportableSegments4Member5321892025-01-012025-03-31in-capmkt:ReportableSegments5Member5321892024-04-012025-03-31in-capmkt:ReportableSegments1Member5321892024-04-012025-03-31in-capmkt:ReportableSegments2Member5321892024-04-012025-03-31in-capmkt:ReportableSegments3Member5321892024-04-012025-03-31in-capmkt:ReportableSegments4Member5321892024-04-012025-03-31in-capmkt:ReportableSegments5Member5321892025-01-012025-03-31in-capmkt:ReportableSegments1Member5321892025-03-31in-capmkt:ReportableSegments1Member5321892025-01-012025-03-31in-capmkt:ReportableSegments2Member5321892025-03-31in-capmkt:ReportableSegments2Member5321892025-01-012025-03-31in-capmkt:ReportableSegments3Member5321892025-03-31in-capmkt:ReportableSegments3Member5321892025-01-012025-03-31in-capmkt:ReportableSegments4Member5321892025-03-31in-capmkt:ReportableSegments4Member5321892025-01-012025-03-31in-capmkt:ReportableSegments5Member5321892025-03-31in-capmkt:ReportableSegments5Member5321892025-01-012025-03-31in-capmkt:ReportableSegments1Member5321892025-03-31in-capmkt:ReportableSegments1Member5321892025-01-012025-03-31in-capmkt:ReportableSegments2Member5321892025-03-31in-capmkt:ReportableSegments2Member5321892025-01-012025-03-31in-capmkt:ReportableSegments3Member5321892025-03-31in-capmkt:ReportableSegments3Member5321892025-01-012025-03-31in-capmkt:ReportableSegments4Member5321892025-03-31in-capmkt:ReportableSegments4Member5321892025-01-012025-03-31in-capmkt:ReportableSegments5Member5321892025-03-31in-capmkt:ReportableSegments5Member5321892025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15321892024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15321892025-01-012025-03-31AuditorDomain15321892025-01-012025-03-31in-capmkt:AuditedMember5321892025-03-31in-capmkt:AuditedMember5321892025-01-012025-03-31in-capmkt:AdjustedMember5321892025-03-31in-capmkt:AdjustedMember5321892025-01-012025-03-31AuditQualification15321892025-01-012025-03-31AuditQualification25321892025-01-012025-03-31AuditQualification35321892025-01-012025-03-31AuditQualification45321892025-01-012025-03-31AuditQualification5iso4217:INRxbrli:pureiso4217:INRxbrli:shares532189ITDCNAINE353K01014INDIA TOURISM DEVELOPMENT CORPORATION LIMITEDMain BoardEquity2024-04-012025-03-312025-05-302025-05-22INRLakhsQuarterlyFourth quarterMulti segment2025-05-3012:00:002025-05-3016:50:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated1999391000456110002045002000810652000104197000-5423400025988700036750001605900055689400016971300003478720000347872000113684000-15682000980020000249870000-2144000-518000-16260000248244000-13500000234744000251131000-2887000237631000-2887000857694000102.912.91-0.02-0.022.892.890002024-04-012025-03-31AuditedConsolidated570397300020971100059136840001936399000104197000-542340009916950001003600066196000187166200049259510009877330000987733000307927000-1337100001742170000813516000-6931000-1694000-52370000808279000-20880000787399000815453000-7174000794573000-71740008576940001022017110009.489.48-0.06-0.069.429.42000Operating Expenses556894000Operating Expenses187166200041539500054620000001280001500000000001570400015704000458862000791700095412600018757700001197052000824099000137896400001476337000487645200001436549000650057800089140000746361800085769400027801450003637839000-11498200035228570000000158965000158965000297770000423480004566300027675300063490002754800012132860001240834000981206000222838900011319750003019410000170300036640080000039407610007463618000Hotel Division995991000International Trade Division36039000Travels And Tours258445000Engg Consultancy Projects214214000Event Management AIHTM And Others540366000Hotel Division3437371000International Trade Division132399000Travels And Tours465394000Engg Consultancy Projects325055000Event Management AIHTM And Others15535180002045055000591373700020450550005913737000Hotel Division248608000International Trade Division-9437000Travels And Tours57595000Engg Consultancy Projects920000Event Management AIHTM And Others51717000Hotel Division738811000International Trade Division-13038000Travels And Tours116049000Engg Consultancy Projects5998000Event Management AIHTM And Others143018000349403000990838000367500010036000345728000980802000Hotel Division1062136000International Trade Division162411000Travels And Tours1615129000Engg Consultancy Projects574826000Event Management AIHTM And Others4049116000746361800007463618000Hotel Division1742113000International Trade Division41299000Travels And Tours844113000Engg Consultancy Projects743926000Event Management AIHTM And Others56931000039407610000394076100027387000-65792000-5604940000-1746090003922000571000-2033870003903330000368939000011351500006619600001578000-4714000-379261700023258000500001255360000000-6932000773250000-348055000639678000000111247000052843100000000000300096221000000000000000000000896120000-37403000-4400900000000000000216139000000-216139000268283000-5000268278000555821000824099000(A) (i) Items that will not be Reclassified to Profit or Loss-17151000-17151000(A) (i) Items that will not be Reclassified to Profit or Loss-27426000-27426000-3651000-6546000-13500000-20880000AuditedQualified opinionHDSG & Associatestrue2025-05-3159136840006042943000492595100049259510008082790009050060009.4210.55746361800075928770003940761000397329300035228570003619584000MSMED Act Compliances <br></br> As per the information provided to us the Company has identified suppliers registered under the MSMED Act 2006 by obtaining confirmation from suppliers and information has been collated to the extent of information received. <br></br> <br></br> In the absence of the requisite audit evidence we are unable to determine the delay in making payment to MSME entities liability of interest and compliance on such delayed payments in terms of provisions of MSMED Act <br></br> Qualified opinionRepetitiveNot quantified by AuditorNot quantified by ManagementAll pending issues have been resolved and compliances are in place <br></br> No major financial impact as on dateNARevenue from License fee <br></br> The Company has not generated invoices for license fees on licensees of units viz. Ashok Hotel Samrat Hotel & Taj Restaurant which is a units of ITDC to the tune of Rs. 1292.59 lakhs during the year 2020-21 on account of Covid19 pandemic and hence not considered in Books of Accounts. The matter is still under consideration before the board of Directors of ITDC. Thus the sale of services from license fees and trade receivables of the Company continued to be understated to this extent. <br></br> Qualified opinionRepetitiveAmount of Rs. 1292.59 lakhs not booked as Revenue from OperationsNANANAAshok Tours and Travels (ATT) Delhi <br></br> 1. ATT had entered into a General Sales Agent agreement with Shree Plan Your Journey Pvt. Ltd. in September 2019 for marketing of its travel related business. Upon expiry of this agreement SPYJ was again appointed as GSA through a fresh open tender process dated October 21 2024. As per management the terms and conditions of the new agreement are to be considered independently from the earlier arrangement. In respect of the GSA agreement dated September 2019 we observed the following points <br></br> I. After the initial deposit of security of Rs. 300.00 lakh. The said amount was required to be increased additionally through the deposit of funds as and when required based on the business. As per the agreement the evaluation is to be made by the Company on a monthly basis and in case of its non compliance the issue of all travel related services would be stopped till funds are received. <br></br> However as at March 31 2025 total amount receivable from the business conducted through the GSA amounts to Rs. 5238.96 lakh whereas ATT has kept on HOLD only an amount of Rs. 1 579.82 lakh in the form of security deposit bank guarantee commission and other services payable to cover the outstanding limit. Hence there is a deficit which is not in consonance with the terms of the agreement ie dated September 2019 and directive of the Board. <br></br> II. We observe that various conditions of the agreement with SPYJ were not complied & oblique or not enforced like credit limit reconciliation monthly evaluation additional Bank Guarantee etc. Despite raising the issues in the previous years and also in the current year. There is periodical reconciliation of PLB from Airlines identification of unlinked receipts credit note delays settlement of commission bills after receiving full payment from SPYJ clients compliance of SoP etc. Separate reconciliation for compliance towards old agreement was not available on record. Above mentioned deficiencies have repercussions on timely compliance of TDS and provisions under GST Act. <br></br> In view of the circumstances stated in para I and II above we are unable to comment on the final outcome of non-compliance of the terms of Agreement compliance reconciliation and oblique or assessment of recoverability for the outstanding in the accounts pertaining to SPYJ and ATT customers and its consequential impact on the Standalone Financial Statements. <br></br> Qualified opinionRepetitiveNot quantified by AuditorNot quantified by ManagementConsidering the nature and volume of business involved necessary terms and conditions has been amended in the new agreement. Rigorous efforts are being made for the recovery of the balance receivable. <br></br> <br></br> Reconciliation exercise is in advance stage. <br></br> NA2. During the year 2024 25 ITDC through its division Ashok Travels & Tours undertook a prestigious project to provide luxury tent accommodation and allied facilities during Mahakumbh 2025 in Prayagraj. The project was executed through one of ATTs empaneled General Sales Agents named Zenith Leisure Holidays Ltd. further Considering the special nature of assignment and business involved ITDC has engaged an independent Chartered Accountant firm to conduct reconciliation verification and certification of the project accounts and based on the interim report of such CA firm income and expenses have been recognised in the financial statement for the period ended march 31 2025. The outcome is subject to final report and reconciliation. Refer point No. 21 of Note No. 39 of the Standalone Financial Statements. <br></br> <br></br> In the absence of the final outcome of the above project accounts and adequate supporting document for verification of revenue and expense related to above event we are unable to determine the completeness and accuracy of the revenue and expenses recognized and the corresponding financial impact on the financial statements for the year ended 31st March 2025. <br></br> Qualified opinionWhether appeared first timeNot quantified by AuditorNot quantified by ManagementDue reconciliation along with the final report of the engaged professional is in advance stage of completion. NA3. ATT division of ITDC has entered into Memorandum of understanding oblique Travel Services Agreement with its various customers comprising of mainly Ministries or Govt. Departments or Government organisations for rendering travel related services of Domestic and International Air Ticketing at ZERO ie Nil charge. Further an Office Memorandum was issued by MoF on 16th June 2022 for non levy of any agency charges or convenience fee. In few cases oblique services the company is yet to implement such clauses of TSA and aforementioned Office Memorandum. <br></br> In view of circumstances stated in para above we are unable to comment on the final outcome of non compliance of terms of Memorandum of understanding with ATT customers and its consequential impact thereof on the Standalone Financial statement. <br></br> Qualified opinionRepetitiveNot quantified by AuditorNot quantified by ManagementNecessary action is being takenNAMugdha SinhaLokesh Kumar AggarwalManan KaushalHarbir Singh GulatiNew Delhi2025-05-30