ITTL2024-07-012024-09-30 ITTL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member ITTL2024-09-30 ITTL2024-07-012024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 0 ITTL NOTLISTED INE070Y01023 Innovative Tyres & Tubes Limited Nonbanking Format SME/ITP 2024-04-01 2025-03-31 2024-11-14 2024-11-06 INR Lakhs Half yearly Single segment Tyres & Tubes 15:30:00 16:20:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable 2024-04-01 2024-09-30 Unaudited Standalone 195068000.00 1098000.00 196166000.00 185310000.00 6266000.00 -8761000.00 16620000.00 159000.00 21666000.00 64328000.00 285588000.00 -89422000.00 0.00 -89422000.00 0.00 -89422000.00 0.00 0.00 0.00 -89422000.00 0.00 0.00 0.00 -89422000.00 -89422000.00 100000000.00 10 -6.50 -6.50 0.00 0.00 0.00 Notes: 1. The Un-audited financial results of the Company for the half year ended 30th September, 2024 have been taken on record by the Board of Directors of the Company. The Un-audited Financial Results of the Company for the half year ended 30th September 2024 were reviewed by the Statutory Auditors, recommended by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 14th November, 2024. 2. As per the Honourable NCLTs order dated 9th August, 2023, the promoters shareholding was stated as 35,06,104 (representing 19.49%) equity shares and public shareholding as 1,44,85,457(representing 80.51%) equity share of Rs. 10/- each respectively whereas the actual shareholding on 9th August 2023, the promoters shareholding was 25,19,104 (representing 14.00%) equity shares and public shareholding was 1,54,72,457 (representing 86.00%) equity share of Rs. 10/- each respectively. This discrepancy was because one of the promoters group has sold 9,87,000 (representing 5.49%) during CIRP period. Because of this discrepancy, the Company could not cancel promoters shareholding and reduce public shareholding to 5,10,000 equity shares as per the NCLT Order. Considering above situation an Interlocutory Application has been filed by the Chairman of Monitoring Committee appointed for implementation of the Resolution Plan, before Honourable NCLT, Ahmedabad on dated 1st November, 2023 for modifying the stipulation of cancellation of equity share capital of promoter shareholders and reduction of equity share capital of the public shareholders which was rejected hence again a separate interlocutory application was filed on 8th March 2024 and the application was approved by the Honourable NCLT, Ahmedabad on 04th June 2024. Thereby the company has made allotment of 94,55,000 equity shares to the promoter M/s Ten on Ten Rubtech Pvt Ltd., and extinguished old promoters 25,19,104 equity shares and the remaining 1,54,72,457 shares were reduced to 5,45,000 equity shares by allocating the in the ratio of 3.52:100. 3. During the Half-Year ended 30th September, 2024, the Company has made provision for gratuity expenses of Rs 2.45 lacs on estimation basis as per past year expenses. Company could not be able to obtain actuarial valuation report as on 30th September, 2024 for making provision for Gratuity Expenses. 4. The Company is engaged in the business of Tyre & Tubes and therefore, there is only one reportable segment in accordance with the Accounting Standard on Segment Reporting (AS-17). 5The previous year figures have been regrouped/rearranged wherever necessary to make it comparable with the current period. Other Expenses 64328000.00 100000000.00 -192117000.00 -92117000.00 0.00 0.00 377183000.00 149000.00 377332000.00 1672000.00 80774000.00 21334000.00 77245000.00 853000.00 181878000.00 467093000.00 336908000.00 0.00 2467000.00 339375000.00 108000.00 273000.00 0.00 22396000.00 362152000.00 0.00 33910000.00 23080000.00 786000.00 0.00 4351000.00 42814000.00 104941000.00 467093000.00 158000.00 21666000.00 0.00 0.00 0.00 0.00 0.00 0.00 501000.00 0.00 22325000.00 -5013000.00 -16397000.00 -45687000.00 45353000.00 59073000.00 0.00 37329000.00 59654000.00 -29768000.00 0.00 0.00 0.00 0.00 0.00 -29768000.00 0.00 0.00 -29768000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 509000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -509000.00 0.00 0.00 -509000.00 -450000.00 0.00 0.00 190937000.00 160187000.00 0.00 158000.00 0.00 0.00 30142000.00 0.00 0.00 30142000.00 -135000.00 0.00 -135000.00 921000.00 786000.00