5142742025-04-012025-06-305142742025-06-305142742025-04-012025-06-30in-capmkt:OtherExpenses1Member5142742025-04-012025-06-30in-capmkt:ReportableSegments1Member5142742025-04-012025-06-30in-capmkt:ReportableSegments2Member5142742025-04-012025-06-30in-capmkt:ReportableSegments1Member5142742025-04-012025-06-30in-capmkt:ReportableSegments2Member5142742025-04-012025-06-30in-capmkt:ReportableSegments1Member5142742025-06-30in-capmkt:ReportableSegments1Member5142742025-04-012025-06-30in-capmkt:ReportableSegments2Member5142742025-06-30in-capmkt:ReportableSegments2Member5142742025-04-012025-06-30in-capmkt:ReportableSegments1Member5142742025-06-30in-capmkt:ReportableSegments1Member5142742025-04-012025-06-30in-capmkt:ReportableSegments2Member5142742025-06-30in-capmkt:ReportableSegments2Member5142742025-06-30Statement15142742025-04-012025-06-30Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares514274AARVEEDENNOTLISTEDINE273D01019Aarvee Denims & Exports LimitedMain BoardEquity2025-04-012026-03-312025-08-142025-08-08INRLakhsQuarterlyFirst quarterMulti segment2025-08-1415:30:002025-08-1416:00:00Not applicabletrue1falseN.A2025-04-012025-06-30UnauditedStandalone-5520000682480006272800000-56043000109160001426800099570005077100029869000328590000328590000-221948000-221948000025480700000002548070000254807000257643000109.899.89009.899.890001 The unaudited Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the company at their meeting held on August 14 2025 These unaudited standalone financial results have been reviewed by the statutory auditors of the company The statutory auditors have expressed an unmodified opinion <BR> <BR> 2 The above unaudited Standalone Financial Results have been prepared in accordance with the guidelines issued by the Securities and Exchange Board of India SEBI and the Indian Accounting Standards Ind AS prescribed under Section 133 of the Companies Act 2013 <BR> <BR> 3 The Company has a balance of MAT credit of Rs 1357 Crores Approx as on 01042024 and Mat credit aggregating to Rs 554 crores Approx were lapsed and hence written off in the books of accounts during the FY 202425 Based on the future projections of profitability and tax liabilities computed in accordance with the provisions of Income Tax Act 1961 the management of the company believes that there shall be sufficient future taxable profit and the company shall be required to pay normal taxes within the period specified under section 115JAA of the Income Tax Act and amount of Rs 600 Crores Approx MAT credit shall be setoff utilized and MAT credit of Rs 201 Crores Approx will be lapsed The company is continuing with the balance of MAT credit of Rs 60 Crores recognized up to June 30 2025 Therefore in accordance with the Guidance Note on Minimum Alternate Tax under the Income Tax Act 1961 issued by the Institute of Chartered Accountants of India such MAT credit has been continued to be recognized as asset <BR> <BR> 4 The previous periods years figures have been regrouped and rearranged where necessary to make them comparable to current period year figures <BR> <BR> 5 The period ends various stocks have been physically verified valued and certified by the management and no material discrepancies were observed between book stock and physical stock Auditors have relied upon and accepted the same <BR> <BR> 6 The Company has Net Asset block of Noncurrent Assets Held for Sale aggregating to Rs 337113 Lakhs as on 31st March 2025 and subsequently during the quarter ended 30062025 assets of Net Block Rs 18904 Lakh has been reduced from the block Also during the quarter ended on 30062025 company does not have any production of finished goods The details regarding the going concern and revival plan have been explained by the management as under <BR> The Company and the promoters promoter group shareholders have executed a Share Purchase Agreement SPA on 05092024 with the Acquirer Mr Jaimin Kailash Gupta and PAC Mr Tarachand Gangasahay Agrawal and Qmin Industries Limited for sale of the entire shareholding held by the promoters promoter group of 14266303 equity shares of the Company constituting around 6081 of the share capital of the Company for an aggregate consideration of Rs 3582 crores Further the Asset Monetization and Debt Reduction Plan as per SPA is such that post implementation of the said plan the Company would have one unit namely Narol unit out of three units as mentioned in the sale purchase agreement SPA The Narol unit has facility from Yarn warping sizing dying weaving and finishing denim non denim fabrics Therefore upon completion of the conditions precedent and the transfer of shares by the existing Promoters and Promoters Group to the Acquirer and PACs Proposed New Management as mentioned in SPA the Narol unit with production facilities being remaining in the company will be utilized by the proposed New Management In view of the same the company will remain going concern in the New Management Further The Company has successfully repaid all outstanding bank loans in full as on 03062025 and is now a bank debtfree <BR> <BR> 7 The company has approved the execution of the share purchase agreement on 5th September 2024 for selling of 142 crores shares from promoters and promoters group at 2511 per share to Mr Jaimin Gupta Acquirer along with Mr Tarachand Gangasahay Agrawal and Qmin Industries Limited PACs Accordingly in the Board Meeting held on 05th July 2025 the Board approved the transfer of entire balance shareholding of Promoters and Promoters Group to Acquirer and PACs and consequently change of management was also approved in the same Board Meeting Therefore there will be change in management from 5th July 2025 <BR> <BR> 8 During the quarter ended 30th June 2025 the company has written off furniture and fixtures Electric installation and other miscellaneous items having value of gross block aggregating to Rs 8043 Lacs Approx along with building due to dismantling of the building structures on the land which is sold to the buyers <BR> <BR> 9 The company has got the approval from members for preferential allotment of 3713044 Equity Shares having face value Rs 10 and premium Rs 12466 per share through special resolution passed on 1st March 2025 The same has been approved by NSE and BSE on 23rd April 2025 and 6th May 2025 respectively <BR> <BR> 10 As per requirements of Regulation 33 of the Securities and Exchange Board of India the Company is required to publish financial results Investors can view the unaudited standalone financial results of the company for the quarter ended June 30 2025 on the companys website wwwaarveedenimscom or on wwwbseindiacom and wwwnseindiacom of the website of Bombay Stock Exchange BSE and National Stock Exchange NSE respectivelyOther Expenses50771000Textile-5520000Power Generation - Wind Farm0-55200000-5520000Textile47128000Power Generation - Wind Farm04712800014268000032860000Textile2133283000Power Generation - Wind Farm0213328300002133283000Textile1210726000Power Generation - Wind Farm0121072600001210726000Preferential Issues2025-05-17310329221740002025-06-30falsefalseNANANAJaimin Kailash GuptaManaging DirectorAhmedabad2025-08-14