PRUDENT2023-10-012023-12-31 PRUDENT2023-10-012023-12-31 PRUDENT2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member PRUDENT2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member PRUDENT2023-12-31 PRUDENT2023-12-31 PRUDENT2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PRUDENT2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543527 PRUDENT NA Prudent Corporate Advisory Services Limited Equity 2023-04-01 2024-03-31 2024-01-25 2024-01-16 INR Lakhs Third quarter 2024-01-25 11:00:00 2024-01-25 12:55:00 false Not applicable Single segment Distribution and sale of financial products (Mutual Funds, Bonds, Fixed Deposits, Structured Products, Stock broking, etc) within India 2023-10-01 2023-12-31 Unaudited Standalone 0.00 0.00 0.00 1723057000.00 1705000.00 0.00 0.00 0.00 1724762000.00 32703000.00 1757465000.00 0.00 0.00 0.00 182189000.00 3317000.00 57401000.00 1067450000.00 0.00 0.00 0.00 90739000.00 1401096000.00 356369000.00 0.00 356369000.00 83587000.00 6751000.00 90338000.00 266031000.00 0.00 0.00 0.00 0.00 266031000.00 -927000.00 265104000.00 265104000.00 0.00 207033000.00 5 6.42 6.42 0.00 0.00 6.42 6.42 0.00 0.00 0.00 1) The above financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their meetings held on January 25, 2024. The Statutory Auditors have carried out limited review of the financial results for the quarter and nine months ended on December 31, 2023. 2) In the previous financial year, during the quarter ended March 31, 2023, the Board of Directors of the Company considered and approved the draft Scheme of Arrangement (“Scheme”) between Prudent Broking Services Private Limited, a wholly owned subsidiary (“PBSPL”) and the Company and their respective shareholders and creditors under section 233 of the Companies Act. 2013. Pursuant to the Scheme, the stock broking and depository business of PBSPL was proposed to be demerged and transferred to the Company subject to all regulatory and statutory approvals. Subsequently, in the previous quarter, the Board of Directors in their meeting held on July 17, 2023 reconsidered various alternatives for restructuring the business of PBSPL owing to changed business circumstances since the approval of the scheme and decided to withdraw the existing scheme and evaluate various alternative options. Congruant to the above, the Board of Directors of the Company at their meeting held on July 25,2023, approved a scheme of Amalgamation of PBSPL with the Company (the Amalgamation Scheme) with effect from appointed date of April 01, 2023, subject to regulatory and statutory approvals. Pending the necessary approvals, the effect of the Amalgamation Scheme has not been given in the financial results. 3) In the previous financial year, during the quarter ended December 31, 2022, the Company acquired Mutual Fund Assets under Management (“AUM”) of iFAST Financial India Private Limited (iFAST) for a consideration of Rs.226.23/- Lakhs (excluding taxes), pursuant to which, the AUM of iFAST was transferred from iFAST's ARN to the Company's ARN. Consequently, the results for the nine months ended December 31, 2023 is not comparable with the Nine months ended December 31, 2022 on account of revenue received from such AUM and its consequential expenses. 4) The Company operates in only one reportable business segment i.e. distribution and sale of financial products (Mutual Funds, Bonds, Fixed Deposits, Structured Products, Stock broking, etc) within India, as determined by the chief operating decision maker, in accordance with Indian Accounting Standard 108 “Operating Segments” 5) The Parliament of India has approved the Code on Social Security, 2020 (the Code) which, inter alia, deals with employee benefits during employment and post employment. The Code has been published in the Gazette of India. The effective date of the Code is yet to be notified and the rules for quantifying the financial impact are also yet to be issued. In view of this, the impact of the change, if any, will be assessed and recognised post notification of the relevant provisions. 6) Previous year/period`s figures have been regrouped/reclassified wherever necessary, in order to make them comparable. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 0.00 0.00 0.00 4737526000.00 6397000.00 0.00 0.00 0.00 4743923000.00 93140000.00 4837063000.00 0.00 0.00 0.00 530346000.00 9388000.00 167831000.00 2924390000.00 0.00 0.00 0.00 230290000.00 3862245000.00 974818000.00 0.00 974818000.00 226679000.00 18451000.00 245130000.00 729688000.00 0.00 0.00 0.00 0.00 729688000.00 -3075000.00 726613000.00 726613000.00 0.00 207033000.00 5 0.00 17.62 17.62 0.00 0.00 17.62 17.62 0.00 0.00 0.00 Other expenses 90739000.00 Other expenses 230290000.00 0.00 0.00 0.00 0.00 (a) Re-measurement of the defined benefit plans -1239000.00 (a) Re-measurement of the defined benefit plans -4109000.00 -1239000.00 -4109000.00 -312000.00 -1034000.00 -927000.00 -3075000.00