5328942025-01-012025-03-315328942025-03-315328942024-03-315328942024-04-012025-03-315328942025-01-012025-03-31in-capmkt:OtherExpenses1Member5328942025-01-012025-03-31in-capmkt:OtherExpenses2Member5328942025-01-012025-03-31in-capmkt:OtherExpenses3Member5328942024-04-012025-03-31in-capmkt:OtherExpenses1Member5328942024-04-012025-03-31in-capmkt:OtherExpenses2Member5328942024-04-012025-03-31in-capmkt:OtherExpenses3Member5328942025-01-012025-03-31AuditorDomain15328942025-01-012025-03-31in-capmkt:AuditedMember5328942025-03-31in-capmkt:AuditedMember5328942025-01-012025-03-31in-capmkt:AdjustedMember5328942025-03-31in-capmkt:AdjustedMember5328942025-01-012025-03-31AuditQualification15328942025-01-012025-03-31AuditQualification25328942025-01-012025-03-31AuditQualification35328942025-01-012025-03-31AuditQualification4iso4217:INRiso4217:INRxbrli:shares532894INDOWINDNOTLISTEDINE227G01018INDOWIND ENERGY LIMITEDMain BoardEquity2024-04-012025-03-312025-05-302025-05-30INRLakhsQuarterlyFourth quarterSingle segmentPOWER GENERATION2025-05-3019:00:002025-05-3021:30:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated48003000182920006629500000-2011000101320005328000109440006101100085404000-191090000-191090007825000208280002865300019000-477430000000-47743000249000-47494000128801700010-0.37-0.3700-0.37-0.372024-04-012025-03-31AuditedConsolidated3351250002297400035809900000-20110003270600019453000739010001989870003230360003506300003506300078250001457700022402000-32000126290000000126290003860001301500012880170001014848500000.110.11000.110.11OPERATING EXPENSES4964000SELLING AND DISTRIBUTING EXPENSES30258000Other Expenses25789000OPERATING EXPENSES34241000SELLING AND DISTRIBUTING EXPENSES104956000Other Expenses597900001613397000956000000855436000000414000185760001157070001346970001183060002731396000157840000542170001213400050210000294780001008500000205950000322584000305398000012880170001501042000278905900070620002796121000160870000000160870000164268000001803550005357000001175000011750000065320000431500078690000077504000257859000305398000019453000-816000298140000-9296200003192000-120000-114980000-125004000-1134000739010000000000608600000000-8570000-112009000-76946000000147300000-9167600000000000020077300000000000000000000060860000-30280000-22496700000405711000000000572290000000-194530003290290001238600001238600047980001718400000-249000-386000249000386000AuditedQualified opinionVenkatesh & COtrue2026-11-3035809900035809900032303600039077300035063000-326740000.11-0.033053978000298624100025785700025785700027961210002728384000We refer to Note 8.10 of the financial statements. The Holding Company has not recognized expected credit loss <br></br> allowance on interest receivables of RUPEES 248.13 lakhs from TNEB Tirunelveli and BESCOM, which are credit impaired. <br></br> This is not in compliance with Ind AS 109 on Financial Instruments, and results in an overstatement of trade <br></br> receivables and profit for the year lower by RUPEES 248.13 lakhs.Qualified opinionRepetitiveThe company had provided interest receipts from TANGEDCO at the rate of 12% as per the power purchase agreement. However, TANGEDCO offered 6% simple interest which the company agreed to avail on the condition that in case interest rate at a higher rate paid at a later date by TANGEDCO to any claimant, Indowind would become entitled to claim differential interest. In the case of BESCOM also the company is hopeful of collecting the interest dues in the due course.NILNAwe dont have any further comments to offer.We refer to Notes 8.11.1 and 8.6.1 of the financial statements. The Company has filed an arbitration claim <br></br> amounting to RUPEES 9,083.39 lakhs against Suzlon Group. Out of this, RUPEES 1,066.24 lakhs paid to Suzlon Global Services Ltd. is accounted as advance without adequate audit evidence and not expensed. Further, RUPEES 845.59 lakhs has been recognised as compensation receivable from Suzlon Energy Ltd. without counterparty confirmation or fair valuation under Ind AS 109. The remaining balance of the claim has not been recognised. Had the advance been expensed and the receivable appropriately fair valued, profit before tax would have been lower by RUPEES 327.24 lakhs and RUPEES 845.59 lakhs respectively. The accounting treatment thus departs from the relevant Ind AS requirements and materially impacts the financial statements.Qualified opinionRepetitiveIn continuation to the MOU dated 21st January 2022, the company envisaged that the 12.6 MW expansion project as agreed by Suzlon would commence immediately. Since there is a delay in the same, the Company has initiated arbitration proceedings to arrive at a comprehensive situation for the observations made.NILNAwe dont have any further comments to offer.We refer to Note 8.8 of the financial statements. The Holding Company has recognised RUPEES 102 lakhs as recoverable from Bank of Baroda based on a legal claim pending since 2007 without confirmation or sufficient audit evidence, which is not in compliance with Ind AS 37 and Ind AS 109. Had appropriate provision been made, the profit before tax would have been lower to that extent.Qualified opinionRepetitiveConsequent to the failure of Dena Bank (merged with Bank of Baroda), Bhopal to honour the Bank Guarantee (BG) for Rs. 100 Lakhs due on 20th June 2004, the company had filed a petition against the bank before the Honble High Court of Bombay for enforcing the BG with interest till the date of payment. Since the recoverable amount is much higher than the BG amount and since the case is under progress the company has preferred to retain the BG amount in the Non-Current asset as it is and consider the interest amount accrued until 31st March 2024 under the Contingent Asset. The appropriate accounting adjustments will be carried out based on the outcome of the caseNILNAwe dont have any further comments to offer.M/s Ind eco ventures, wherin the group has not considered the impairment of goodwill as stated in note no 8.3.3 of the consolidated financial statements pursuant to a demerger. Accordingy we are not able to comment on the potential impairment, if any.Qualified opinionRepetitiveAs Ind eco ventures has sufficient cash generating units and substantial compensation claims on the suppliers, there is no need for impairment of goodwillnilna <br></br> <br></br> we dont have any further comments to offer.N.K. HARIBABUN.K. HARIBABUNIRANJAN JAGTAPVENKATESH & COCHENNAI2025-05-29