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Ruchi Infrastructure Ltd Annual Report 2023
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Annual Report
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ROC STRUCTURE LTD.
101, The Horizon, 1st Floor, Nath Mandir Road, 11/5, South Tukoganj, Indore - 452 001 (M.P.} Tel. :91-731-4755209, 4755227 _ CIN - L65990MH1984PLC033878
RIL/2023 Date: 29" May, 2023
BSE Lid. Floor No.25, Phiroze Jeejeebhoy Tower Dalal Street, Mumbai — 400 001
National Stock Exchange of India Ltd. "Exchange Plaza" Bandra-Kurla Complex, Bandra (E) Mumbai — 400 051
Dear Sir(s),
a Lae , fad att 2 yn LOD meh at Wyte dona depp k eb ovae TREE ae AAG2 Sub. : Qutceme of the meeting of Board of Directors held on 23° May, 2023.
Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach herewith the audited standalone and consolidated financial results of the Company for the quarter and year ended on 31 March, 2023 duly approved by the Board of Directors of the Company in accordance with provisions of Regulation 33 of the said Regulations at its meeting held on 29" May, 2023. The audit reports issued by the Statutory Auditors in this regard are also attached herewith for your records.
We may also inform you that the trading window for designated persons under the Code of Conduct of the Company made in terms of SEBI (Prohibition of Insider Trading) Regulations, 2015 is closed from Thursday, the 16" March, 2023 till 48 hours from this disclosure.
The meeting commenced at 1.30 pm and concluded at 4.00 pm.
Thanking you, Yours faithfully,
Yor Rachi Infrastructure Ltd.
Ce ee
Executive Director DIN: 02143172
Encl: As Above
'ROC STRUCTURE LTD.
101, The Horizon, 1st Floor, Natn Mandir Road, 11/5, South Tukoganj, Indore - 452 001 (M.P)} Tel. :91-731-4755209, 4755227 CIN - L65990MH1884PLC033878
RIL/2023 Date: 29" May, 2023
BSE Ltd. Floor No.25, Phiroze Jeejeebhoy Tower Dalal Street, Mumbai — 400 001
National Stock Exchange of India Ltd. "Exchange Plaza" Bandra-Kurla Complex, Bandra (E) Mumbai — 400 051
Dear Sir(s),
Sub: Declaration in respect of Unmodified Ovision on Audited Fisancial Results Wes ICC HON i PESPCCT OF URRIOGIICR UPIII0ON OF Abdiled FINGNICIAL Mesusss,
Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare and confirm that the Statutory Auditors of the Company viz. SMAK & Co., Chartered Accountants (Firm Registration No. 020120C), have issued an Unmodified Audit Report on Standalone and Consolidated Financial Statements of the Company for the year ended 31* March, 2023. Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai — 400021, Maharashtra
Kindly take the same in your records.
Thanking you, Yours faithfully,
For Ruchi Infrastructure Lid.
yet te
Executive Director DIN: 02143172
[20 Trade Centre, South Tukogani, SMAK & Co Indore — 452001, M.P . Ph (0) : #91-9770067763, FRN: 020120C Email : [email protected]
Independent Auditors Report on the. Quarterly and Year to Date Audited: Standalone Financial Results of the Company pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
To
The Board of Directors of Ruchi Infrastructure Limited
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying quarterly and year to. date standalone financial results of Ruchi Infrastructure Limited (the Company) for the quarter and year ended 31st March, 2023 attached herewith being submitted by the company pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the Listing Regulations).
In our opinion and to the best of our information and according to the explanations given: to us these standalone financial results :
(i) are presented in accordance with the requirements of the Listing Regulations 33 of The SEB! (Listing Obligation and Disclosure Requirements ) Regulations, 2015 in this regards and
(ii) gives a true and fair view in conformity with the recognition and measurement principle laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net loss for the quarter and net profit for the year ended 31° | March 2023 and of other comprehensive income and other financial information for the quarter and year ended March 31, 2023.
Basis for Opinion
We conducted our audit in accordance with the-Standards on Auditing. (SAs) specified under 'section 143(10) of the Companies Act, 2013 (as amended). Our responsibilities under those Standards: are further described in the Auditor's Responsibilities for the Audit of the Financial. Statements section of our report: We are indépendent of the Company in accordance with the Code' of Ethics issued by the Institute.of Chartered Accountants of India'together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules 'thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the: audit evidence we \ shave obtained i is sufficient and appropriate to provide a basis for our opinion. : ios Ss
. Management's Responsibility for the Standalone F inancial Results
These quarterly financial results as well as the year to date financial results have been prepared on the basis of the annual financial statements. The Board of Directors of company are responsible for the preparation and presentation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the - Act read with relevant rules issued thereunder and other accounting principles generally accepted in india and in compliance with Regulation 33 of.the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for "preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation'and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error. .
-In preparing the standalone financial results, the Board of directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Company's firiancial reporting process.
Auditor's Responsibilities for the Audit of the Financial Results'
Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Standard on: Auditing will.always detect a material misstatement when it exists. .Misstatements can arise from fraud or error and are considered material if; individually or in the aggregate, they 'could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. . Sorrow tas : ,
As part.of an audit in accordance with Standard on Auditing; we exercise, professional. judgment and maintain professional skepticism throughout the audit. We also:
-
¢ Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures. responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not | detecting a material misstatement resulting from fraud is higher than for one resulting from error, ~as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override _.ofinternalcontrol. OS re * Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are, appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal © financial controls with reference to financial statements in place and the operating effectivene
-
such controls.
-
» Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
* Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
'e Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events ina manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the. planned scope and timing of the audit and significant audit findings, including any significaint deficiencies in internal control that we identify during our audit. ,
We aiso provide those charged 'with governance with a 'staternent that. we s have complied with relevant ethical requirements regarding independence, and 'to communicate 'with them all relationships and other matters that may reasonably be thought to bear on our independence, and where, applicable, related safeguards.
Other Matter
These standalone financial results include result for the quarter ending March 31,2023 and _ corresponding quarter ending of previous year being the balancing figure between audited figures in respect of the full financial year and the published un 'audited year to date figures up. to the. third quarter of the respective financial year, which were subjected to a limited review as required under the listing regulations.
For SMAK & Co. Chartered Accoun ants ;"
MeNo. 417866 Date: 29.05.2023 Place: Mumbai UDIN: DBAIFEEL BinRIcy 9213
RUCHI INFRASTRUCTURE LTD CIN L65990MH1984PLC033878
| RUCHI INFRASTRUCTURE LTDCIN L65990MH1984PLC033878 | ||||||
|---|---|---|---|---|---|---|
| Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 021 | Phone : 022-49712051 | |||||
| Website: www.ruchiinfrastructure.com, E Mail : [email protected]STATEMENT OF AUDITED STANDALONE | FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31, MARCH 2023 | |||||
| Quarter Ended | {Rs. In lacs}Year Ended | |||||
| PARTICULARS | 31-03-2023Audited | 31-12-2022Reviewed | 31-03-2022Audited | 31-03-2623Audited | 31.03.2022Audited | |
| IncomeRevenue from operations | 1,043 | 990 | 923 | 4,141 | 4,163 | |
| i.Hl. | Other Income Total income (1411) | 911,134 | 281,018 | 12,06612,989 | 3584,499 | 12,44616,609 |
| IV. | Expenses | |||||
| (a) Cost of Materials Consumed(b) Purchases of Stock in Trade | 18- | 21- | 10- | 112- | 133- | |
| (c ) Changes in Inventories of finished goods , work inprogress and stock in trade(d) Employee benefits expenses | 2279 | (3)290 | it308 | (6)1,013 | -926 | |
| (e) Finance Cost(f) Depreciation, amortisation and Impairment Expense | 101280 | 72247 | 96255 | 341993 | 4371,014 | |
| (g) Other ExpensesTotal Expenses (IV } | 6201,300 | 4151,042 | 7,8298,509 | 1,8024,255 | 8,82711,337 | |
| Vv | Profit /(loss } before exceptional items and tax ( Il- IV) | {166} | (24) | 4,480 | 244 | 5,272 |
| VI | Exceptional Items | - | - | - | - | - |
| Vil | Profit /(loss) before tax (V - VE) | (166) | (24) | 4,480 | 244 | 5,272 |
| Vill | Tax ExpensesCurrent Tax | (7) | (2) | 91 | 54 | 246 |
| Deferred TaxTax for earlier years | (38) | 46- | 1,099(24) | 91- | 1,184(24) | |
| IX | Profit /(loss) for the period (ViI-VHI) | (121) | (68) | 3,314 | 99 | 3,866 |
| x | Other Comprehensive Income(a} Items that will not be reclassified to profit or loss | - | (28) | (36) | (18) | 14 |
| Tax Relating to above items{b) Items that will be reclassified to profit or loss | (1)- | 18- | 8g- | 2- | (3)- | |
| Tax Relating to above items | - | - | - | - | - | |
| XI | Total Comprehensive income for the period (1X +X} | (122) | (78) | 3,286 | 83 | 3,877 |
| XI | Paid up Equity Share Capital ( Face Value of Re 1 each) | 2155 | 2052 | 2052 | 2155 | 2,052 |
| Xlll | [Earning per equity share of face value of Re 1 eachBasic and Diluted earning per share before Exceptional | |||||
| Itemsa) Basic (Rs.} | 0.10) | 0.07) | 1.57 | 0.11) | 1.72 | |
| b) Diluted (Rs.) | (0.10) | 0.07) | 1.57 | 0.12) | 1.72 | |
| Earning per equity share of face value of Re 1 eachBasic and Diluted earning per share after Exceptional | ||||||
| a) Basic (Rs.)b) Diluted (Rs.) | 0.10)(0.10) | yon0.07)0.07) | 1.571.57 | (0.11)(0.12) | 4.721.72 | |
| For and on behalf of the Board of Directors | ||||||
| Place Mumbai |
Date : May 29, 2023
Executive Director
RUCHI INFRASTRUCTURE LTD
| RUCHI INFRASTRUCTURE LTDCIN L65990MH1984PLC033878 | |||||
|---|---|---|---|---|---|
| Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 021Phone : 022-49712051 | |||||
| Website : www.ruchiinfrastructure.com, E Mail : [email protected] | AUDITED SEGMENT INFORMATION FOR THE QUARTER AND YEAR ENDED MARCH 31, 2023 | ||||
| STANDALONE | (Rs. in lacs) | ||||
| PARTICULARS | 31-03-2023 | Quarter Ended31-12-2022 | 31-03-2022 | Year Ended31-03-2023 | 31.03.2022 |
| Segment Revenue | (Audited) | (Reviewed) | {Audited} | (Audited) | (Audited) |
| Commodities | - | - | - | - | - |
| infrastructureWindpower | 894 | 866 | 782 | 3,485508 | 3,429564 |
| Others | 10940 | 9331 | 11427 | 148 | 170 |
| UnallocableTotal Segment Revenue | -1,043 | -990 | -923 | -4,144 | -4,163 |
| Less : Inter segment Revenue | - | - | ~ | - | - |
| Net Sales/Income from operations | 1,043 | 990 | 3923 | 4,141 | 4,163 |
| Segment Results(Profit/(loss) before tax and interest from each segment) | |||||
| TradingInfrastructure | -201 | -301 | 5,619(164) | -1,314 | 5,6971,108 |
| (9) | (22) | 14 | 69 | ||
| WindpowerOthersUnallocable | 10(267) | 1(232) | 1(894) | 2(800) | 115 |
| TotalLess: (i) Finance Cost | (65)101 | 4872 | 4,57696 | 585-341 | 5,709437 |
| (i) Exceptional Item | - | - | - | - | - |
| Profit for the Period Before Tax | (166) | {24) | 4,480 | 244 | |
| 1(1,212)5,272 | |||||
| Segment Assets | |||||
| Infrastructure | 4813,606 | 4813,943 | 4813,189 | 4813,606 | 4813,189 |
| 1,06140 | 1,08463 | 1,28051 | 1,06140 | 1,28051 | |
| 12,427 | 11,043 | 12,240 | 12,427 | 12,240 | |
| Unatlocablie | 27,182 | 26,181 | 26,808 | 27,182 | 26,808 |
| TradingWindpowerOthersTotal AssetsSegment LiabilitiesTrading | - | - | 5 | - | |
| InfrastructureWindpower | 1,590- | 1,5678 | 1,426- | 1,590- | 51,426- |
| OthersUnallocable | -8,110 | qe38,590 | 29,568 | -8,110 | 29,568 |
Place : Mumbai Date : May 29, 2023
RUCHT INFRASTRUCTURE LTD
| RUCHT INFRASTRUCTURE LTDCIN L6E599O0MH1984P1LC033873 | |||
|---|---|---|---|
| Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 021Phone : 022-49712054 | |||
| Website : www.ruchiinfrastructure.com, E Mail : [email protected] | |||
| STATEMENT OF ASSETS AND LIABILITIES | {Rs. in Lacs}STANDALONE | ||
| PARTICULARS | As at 31st March2023 | As at 3ist March 2022 | |
| i. | ASSETSNon-current assets | ||
| (a) Property, plant and equipment | 16,187 | 15,978 | |
| (b) Capital work-in-progress(c) Intangible assets | 18286 | 39398 | |
| (d) Right of use assets(e) Financial Assets | 4,126 | 631- | |
| (i) Investments(i) Others | 4,267416 | 4,229647 | |
| (f) Deferred tax Assets (Net)(g) Other non-current assets | -740 | -1,166 | |
| Total Non-current assets | 23,004 | 23,142 | |
| Current assets | |||
| (a) Inventories(b) Financial Assets | 19 | 28 | |
| (i) Investments(ii) Trade receivables | 711 | 690 | |
| (iii) Cash and cash equivalents(iv) Bank balances ther than (iii) above | 1,0611,150 | 50292 | |
| (v) Loans | 228 | 1,389 | |
| (vi) Others(c) Other Current Assets | 435491 | 398485 | |
| Total Current assets | 4,095 | 3,584 | |
| Assets Classified as Held for Sale | 83 | 82 | |
| Total Assets | 27,182 | 26,808 | |
| Il. | EQUITY AND LIABILITIESEquity | ||
| (a) Equity share capital(b) Other Equity | 2,15515,327 | 2,05213,755 | |
| Total Equity | 417,482 | 15,807 | |
| LIABILITIESNon-Current Liabilities | |||
| (a) Financial LiabilitiesBorrowingsi) | 5,425 | 7,443 | |
| (ia) Lease Liabilities(b) Provisions | 7388 | 56123 | |
| (c) Deferred tax liabilities (Net)(d) Other non-current liabilities | 265395 | 176515 | |
| Total Non-Current Liabilities | 6,246 | 8,323 | |
| Current liabilities(a) Financial Liabilities | |||
| (i) Borrowings | 2,021 | 1,445 | |
| (ia) Lease Liabilities(ii) Trade payables(a) Total outstanding dues of Micro and Small Enterprises | 11 | 30 | |
| (b) Total outstanding dues of Creditors other than Micro and Small Enterprises | -15 | -g | |
| (iii) Other financial liabilities(b) Other current liabilities | 228557 | 258484 | |
| (c) Provisions(d) Current Tax Liabilities ( Net } | 47112 | 4259 | |
| Total Current liabilitiesLiabilities Directly Associated with asssets held for sale | 2,991463 | 2,326362 | |
| Total Equity and Liabilities | qn27,182 | 26,808 | |
| PlaceDate | MumbaiMay 29, 2023 | For and on behalf of the Board of Directors | |
Executive Director
RUCHI INFRASTRUCTURE LTD
| RUCHI INFRASTRUCTURE LTD | |||
|---|---|---|---|
| CIN L65990MH1984PLC033873 | |||
| Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 021Phone : 022-49712051 | |||
| Website : www.ruchiinfrastructure.com, E Mail : [email protected] | |||
| Cash Flow Statement for the year ended March 31, 2023 | |||
| Year ended | (Rs. in Lacs)Year ended | ||
| March 31st, 2023 | March 31st, 2022 | ||
| A | Cash Flow from operating activitiesProfit / (loss } before tax | 244 | 5,272 |
| Adjustments for :Depreciation | |||
| Net (gain)/ Loss on Sale of Property, plant & Equipment | 993(12) | 1,014(6) | |
| Amounts charged directly to OCI/Retained earningsGuarantee Commission | (1)(101) | 12(101) | |
| Share in (profit)/loss of partnership firm | - | - | |
| Government Grant IncomeLoss / (gain) on sale of investment | (19)- | (20)(42) | |
| Provision for doubtful debts reversed | (23) | (4,149) | |
| Interest IncomeFinance Costs | (103)341 | (276)437 | |
| Operating Profit Before Working Capital ChangesWorking Capital Adjustments | 1,319 | 2,471 | |
| (Increase)/Decrease in Inventories | 9 | (9) | |
| (Increase)/Decrease in Trade and other receivablesIncrease/(Decrease) in Trade and other payables | (98)19 | 7,647(7,737) | |
| Cash Generated fram operationsIncome Tax (Paid)/ Refund | 1,249(169) | 2,072(81) | |
| NET CASH FLOW FROM OPERATING ACTIVITIES | 1,080 | 1,991 | |
| Cash Flow from investing Activities | |||
| Purchase of Property, Plant & Equipment (Including Capital WIPand Capital advance) | (1,124) | ||
| Proceeds from Sale of Property , Plant & Equipment | (826)39 | 10 | |
| Advance received against asssets held for sale(Purchase ) of Investment | 101(55) | 304(32) | |
| Sale of InvestmentInterest Income | - | 28272 | |
| Loan given to / Recover from Subsidiary | 991,164 | 472 | |
| Share in profit / (loss ) of partnership firmChange in Investment in Fixed Deposits | -(826) | -(55) | |
| B | NET CASH FLOW FROM INVESTING ACTIVITIES | (307) | (125) |
| Cash Flow from Financing Activities | |||
| Proceeds from issue of share capital | 1,057 | - | |
| Money Received against share warrantsRepayment of borrowings | 534(1,443) | ~(1,193) | |
| Repayment of Lease liability | (21) | (37) | |
| Finance Costs | (341) | (437) | |
| Cc | NET CASH FLOWS FROM FINANCING ACTIVITIES | (214) | (1,667) |
| Net increase/(decrease) in Cash and Cash Equivalents | 559 | 199 | |
| Cash & Cash Equivalents at the beginning of the yearCash & Cash Equivalents at the end of the year | 5021,061 | 303502 | |
| Cash & Cash Equivalents comprises : | |||
| Balance with Banks in Current AccountsCash on Hand | 1,0583 | 4975 | |
| 1,061 | 502 | ||
| Place | Mumbai | For and on behalf of the Board of Directors | |
| Date | May 22, 2023 | ytte | |
Place Mumbai For and on behalf of the Board of Directors
Executive Director
NOTES :
- The audited standalone financial results for the quarter and year ended March 31, 2023 were reviewed by the Audit committee at its meeting held on May 29, 2023 and approved at the meeting of Board of Directors on that date.
- During the quarter ended 31% March, 2023, the Company made a preferential issue of 3,07,85,000 warrants each convertible into an equity share of Re. 1/- at a price of Rs. 10.30 per warrant within the validity period of 18 months from the date of allotment. Out of which 1,02,62,000 warrants were converted into equity shares in accordance with the terms of preferential issue during the quarter ended 31% March, 2023, thereby increasing the paid up equity share capital from Rs.2052.40 lacs to Rs.2155.02 lacs and the remaining warrants are outstanding for conversion upto 2% August, 2024. The Company raised Rs. 1590.58 lakhs towards warrant subscription/warrant conversion, which is being utilised towards the objects of the preferential issue, as approved by the shareholders of the Company.
| Other Income include the following(Rs. In lacs} | |||||
|---|---|---|---|---|---|
| Quarter Ended | Year Ended | ||||
| 34-03-2023) | 31-12-2022) | 31-03-2022) | 31-03-2023) | 31-03-2022 | |
| Reversal of Provisons against trade receivables | 2 | (8) | 4,115 | 23 | 4,149 |
| Write back of Trade Payables | - | - | 7,833 | 4 | 7,833 |
Other Expenses include the following {Rs, In lacs)
| Quarter Ended | Year Ended | ||||||
|---|---|---|---|---|---|---|---|
| 34-03-2023} | 31-12-2022] | 31-03-2022} | 31-03-2023 | 31.03.2022 | |||
| Irrecoverable Advances written off | - | - | 2,899 | - | 2,899 | ||
| Bad debts written off | - | - | 4,437 | - | 4,437 |
The figures for the quarter ended March 31, 2023 and March 31, 2022 are the balancing figures between the audited figures for the full financial year and the year to date figures upto the third quarter of the financial year
The figures for the previous period/year have been regrouped/reclassified/rearranged, where ever necessary, to correspond with the current periods classification/disclosure.
For and on behalf of the Board of Directors
Executive Director
Place: Date: Mumbai May 29, 2023
120 Trade Centre, South Tukoganj, SMAK & Co Indore — 452001,M.P _ Ph (0) : 491-9770067763, Chartered Accountants SEN. () : +91-9111110023 | FRN: 020120C .. ae ~ Email : associates.atishayCgmail.com _
Independent Auditors Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Company pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended,
'To
The Board of Directors
Ruchi Infrastructure Limited
Report on the audit of the Consolidated Annual Financial Results
Opinion ©
We have audited the accompanying consolidated quarterly and year to date financial results of Ruchi Infrastructure Limited (hereinafter referred to as the "Holding Company" or the "Parent'") and its. subsidiaries (Holding-Company and its subsidiaries together referred to as "the Group") and its associates for the quarter and year ended 31° March 2023, attached herewith, being submitted by the-Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us and _ based on. the consideration of reports of other auditors on-separate audited financial statements /financial results of the subsidiaries and associates, the aforesaid consolidated annual financial results: : :
a. include the annual financial results of the following entities:
i . Peninsular Tankers Pvt Ltd. (Subsidiary)
ii. . - Ruchi Renewable Energy Pvt Ltd: (Subsidiary)
o iii. Manglore Liquid Impex Pvt Ltd. (Subsidiary)
iv. Narang and Ruchi Devlopers (Associate)
- b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and . L
- --C. give a true and fair view in conformity. with the recognition and measurement principles laid _ down in the applicable Indian Accounting: Standards, and other accounting 'principles generally accepted in India, of consolidated net loss for the quarter and net profit for the year ended 31* March, 2023 and of other 'comprehensive income and other financial information of the Group for the quarter and year ended 31* March 2023.
Basis for: Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further | described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results sectiori of our report. We are independent of the Group and its associates entities in accordance with the Code of.Ethics issued.by the. Institute of Chartered. Accountants.of India together with: the. ethical] requirements that are relevant to our audit of the financial statements. under the provisions. of.-the-- Companies Act, 2013 and the Rules thereunder, and we have. fulfilled our othe responsibilities in accordance with these requirements and the Code of Ethics. We belie
audit evidence obtained by us and other auditors in terms of their reports referred to in "Other _ Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Consolidated Financial Results
These quarterly financial results as well as the annual consolidated financial results have been prepared on the basis of the annual financial statements. —
The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit/ (loss) and other comprehensive income and other financial information of the Group including its associates entities in accordance with the applicable accounting standard prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles. generally accepted in India and in compliance with Regulation 33 of the Listing Regulations, The respective Board of Directors of the companies included in the Group and of its associates entities are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associates entities and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and- presentation. of the - consolidated financial results that give a true and fair view and.are free from material misstatement, whether due to fraud or. error, which have been used for the. 'purpose of preparation of the consolidated financial results by the Directors ofthe Holding Company, as aforesaid. .
In preparing the consolidated financial results, the: respective Board of Directors of the 'companies included in the Group and of its associates entities are responsible for assessing the ability of the Group and of its associates to continue as a going concern, disclosing, as 'applicable, matters related to going: concern and using the going concern basis of accounting unless the' respéctive Board of Directors either intends to liquidate the Group. or to cease operations, or has no realistic alternative but to do : SO. . °
The respective Board of Directors of the companies included. in the Group and:of its associates entities are responsible: for overseeing: the financial - "reporting. process | of .the Group: and of 'its associates entities. we : : poe o
Auditor's Responsibilities for the Audit of the Consolidated Financial Results. Do
Our objectives are to obtain reasonable assurance. about whether the consolidated financial, results as a whole are free from material misstatement, whether due to. fraud or error, -and to issue an auditor' Ss report that includes our opinion. Reasonable assurance. isa high. level of assurance, but i is not a guarantee that an audit conducted in accordance with SAS will always detect a material misstatement when it exists. Misstatements can_ arise from fraud or error and are 'considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
As part of an audit in accordance with SAs, "We. exercise 'professional Judgment. and, 'maintain professional skepticism throughout the audit. We also:
identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to: provide :a basis for. our opinion. The risk of not detecting a 'material misstatement resulting from fraud i is higher-than for one resulting from error, as fraud :may- involve collusion, n, forgery, intentional: omissions, misrepresentations, or the override of , internal control.
Obtain an understanding of internal control relevant to the.audit in order to design audit p that are appropriate in' the-circumstances. Under Section.-143(3) (i)of-the Act, w
responsible for expressing our opinion through a separate report on the complete set of | consolidated financial statements on whether the company has adequate internal financial controls with reference to consolidated financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group.and its associates entities to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the. related disclosures.in the consolidated financial results or, if such disclosures are inadequate, to modify. our-opinion. Our-conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates entities to cease to continue as a going concern.
- Evaluate the overall. presentation, structure and content. of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and_events:in a manner that achieves fair presentation. oe
- Obtain sufficient appropriate audit evidence regarding the financial results/fi nancial information of the entities within the Group and its associates entities to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and-performance of the audit of financial information. of such entities included in the consolidated financial results of which we are the independent auditors.. For the other entities included cin' the consolidated Financial Results, ' which have been audited. by other auditors, such other auditors remain. responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in the section titled "Other Matters" in.this audit treport.
We communicate: with those. charged with governance of the. Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding; among other matters, the planned scope and timing -of the audit:and. significant:audit findings, including any: significant deficiencies in. interna}. control. that we * identify during our audit.
We also provide. those charged with | governance: with < 'a . statement that. 'we have complied: with relevant ethical requirements regarding independence, -and.-to communicate. with them. 'all relationships and other matters that.may: reasonably be thought to-bear on our. independence, and where applicable, related Safeguards. . ee Co, .
We also performed procedures i in accordance with the. circular issued by the SEBI under Regulation 33(8) of of the Listing Regulations, as amended, to the extent applicable..
Other Matters
a. The. consolidated Financial Results include the: audited Financial Results of 3 subsidiaries - whose Financial Results reflect: Group's share of. total assets of Rs.-6434.59-lacs as at 31° ' March 2023, Group's share of total revenue of -Rs.375.48 lacs and: Rs. 2409.83 -lacs ai Group's. share of total net profit:/ (loss) after-tax of Rs: (225.30)-and Rs. 28.42 _ lacs ~ . comprehensive income of Rs. (225.30) and Rs. 28.43 lacs for the quarter ended a ended on 31* March 2023, respectively, and net cash Outflows of Rs 1186.77 lacs, for the
year. ended on that date, as-considered in the consolidated Financial Results, which have 'been audited by their respective independent auditors. The independent auditors' reports on financial statements/Financial Results of these entities have been furnished to us and our opinion on the consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.
b. The-consolidated Financial Results include the unaudited Financial Results of Group's share of net loss after tax of Rs. 0.18 lacs and Rs. 0.27 lacs. for the quarter and year ended 31 March 2023, as considered in the consolidated annual financial results of one associate. . These unaudited financial Statements/Financial Results have been furnished to us by the Board of Directors and our opinion on the consolidated Financial Results, in so far as it relates to. the amounts and disclosures included in. respect of this associate entity is based solely. on such unaudited: Financial Statements/Financial Résults. in our opinion and according to the information and explanations given to us by the Board of Directors, these interim Financial Statements/Financial Results are not material to the Group.
Our opinion on the consolidated Financial Results j is not modified in respect of. the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors. -
c. These.consolidated financial results include result for the quarter. ending March 31,2023.and corresponding quarter ending of previous year being the balancing figure between audited figures in respect of the full financial year. and the published un audited year to date figures up to the third quarter_of. the respective financial year, which. were ? subjected to.a limited review as required under the listing. regulations. -
For SMAK & Co. . Chartered Accountants (Firm feg- No: 02015 00) / ' Pl Date: 29. Ind 05. 2023, 7es UDIN: 2 et +F Le BG RICLLEIG. |
| RUCHI INFRASTRUCTURE LTDCIN L65990MH1984PLC033878 | ||||||
|---|---|---|---|---|---|---|
| Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai — 400 021Website; www.ruchiinfrastructure.com, & Mail : [email protected] | Phone: 022-49712051 | |||||
| STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS——// | FOR THE QUARTER AND YEAR ENDED MARCH 31, 2023Quarter Ended | Rs, In lacsYear Ended | ||||
| PARTICULARSincome | 31-03-2025Audited | 31-12-2022Reviewed | 31-03-2022Audited | 31-03-2023Audited | 31.03.2022Audited | |
| II. | Revenue from operations[Other Income | 1,38976 | 1,81032 | 2,00612,060 | 6,431287 | 6,93912,216 |
| iit, | [Total income (1 +11)J Expenses | 1,465 | 1,842 | 14,066 | 6,718 | 19,155 |
| IV. | (a) Cost of Materials Consumed(b) Purchases of Stock in Trade | 18- | 21526 | 10716 | 112526 | :133 |
| (c ) Changes in Inventories of finished goods , work in progress and stock in trade(d) Employee benefits expenses | 2319 | {3)330 | il342 | (6) | 942 | |
| (e} Finance Cast(f} Depreciation, amortisation and Impairment Expense | 1,172 | -1,077 | ||||
| 226424 | 208390 | 257447 | 8911,563 | 1,1141,662 | ||
| (g) Other ExpensesTotal Expenses (IV) | 7301,719 | 5312,003 | 7,4999,252 | 2,1806,438 | 9,09514,023 | |
| v | Profit/{loss) before share of profit /(loss) of associate & Exceptional Items (II-V) | (254) | (161) | 4,814 | 280 | 5,132 |
| VilVI | Share in Profit/(!oss) of associate{Profit/{loss) before exceptional items and tax (V+V1){Exceptional [tems | -(254)- | -(161)- | -4,814- | -280- | -5,132- |
| Vi1Xx | Profit/(loss) before tax (VI - VII)Tax Expenses | (254) | (161) | 4,814 | 280 | 5,132 |
| Current TaxDeferred Tax | (2)(39) | (6)45 | 901,098 | 668&7 | 2591,180 | |
| XI | Tax for earlier years Profit/(loss) for the period (IX-X) | -(213) | -(200) | (24)3,650 | -127 | (24)3,717 |
| Xil | Other Comprehensive Income{a) tems that will not be reclassified to profit or loss | - | (29) | (36) | (18) | 14 |
| Tax Relating to above items(b) items that will be reclassified to profit or loss | (4)- | 18- | 7- | 2a | (3)- | |
| Tax Relating to above items | - | - | - | - | - | |
| XI | Total Comprehensive income for the period (XI + XI)Net Profit attributable to :a. Owners of the Company | (214)(214} | (214)(200) | 3,6213,650 | 111126 | 3,7283,716 |
| b. Non Controlling interest,Other Comprehensive income attributable to: | 1- | -- | -- | 1- | 1- | |
| a. Owners of the Companyb. Non Controlling interest | (1)- | (11)- | (29)- | (16)- | i1- | |
| Total Comprehensive income attributable to :a. Owners of the Company | (215) | (211) | 3,621 | 110 | 3,727 | |
| b. Non Controlling InterestXIV Paid up Equity Share Capital (Face Value of Re 1 each) | 1 | - | - | 1 | 1 | |
| XV | f Earning per equity share of face value of Re 1 eachBasic and Diluted earning per share before Exceptional Items: | 2155 | 2052 | 2052 | 2155 | 2052 |
| a) Basic (Rs.)b) Diluted (Rs.) | (0.14)(0.15) | (0.14)(0.14) | 1.741.74 | (0.10)(0.10} | 1.651.65 | |
| Basic and Diluted earning per share after Exceptional Itemsa) Basic (Rs.)'b) Diluted (Rs.) | (0.14)(0.15) | sa(0.14)(0.14) | 1.74~1.74 | (0.10}(0.10) | 1.651.65 |
Place: Mumbai For and on behalf of Board of Directors
Executive Director
| RUCHI INFRASTRUCTURE LTD | |||||
|---|---|---|---|---|---|
| Regd. Office :706 , Tulsiani Chambers, Nariman Point, Mumbai — 400 021 | CIN L65990MH1984PLC033878 | ||||
| Website: www.ruchiinfrastructure.com, | Phone : 022-49712051 | & Mail: [email protected] | |||
| AUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND YEAR ENDED MARCH 31, 2023PARTICULARS | Quarter Ended | Year Ended | (Rs. in tacs} | ||
| 31-03-2023 | 31-12-2022 | 31-03-2022 | 31-03-2023 | 31.03.2022 | |
| Segment Revenue | Audited | Reviewed | Audited | Audited | Audited |
| Commodities | - | 529 | 719 | 529 | 946 |
| InfrastructureWindpower | 955394 | 927323 | 828432 | 3,7242,030 | 3,6422,181 |
| Others | 40 | 31 | 27 | 148 | 170 |
| UnallocableTotal Segment Revenue | -1,389 | -1,810 | -2,006 | -6,431 | -6,939 |
| Less : Inter segment Revenue | |||||
| - | - | - | - | - | |
| Net Sales/income from operations | 1,389 | 1,810 | 2,006 | 6,431 | 6,939 |
| Segment Results(Profit/(loss) before tax and interest from each segment} | |||||
| Commodities | (1) | 2 | 5,622 | (1) | 5,698 |
| InfrastructureWindpower | 23414 | 299(28) | (150)499 | 1,418624 | 1,233755 |
| Others | 10 | 1 | i | 2 | 1 |
| UnallocableTotal | (285)(28) | (227)4? | (901)5,071 | (872)1,471 | {1,441}6,246 |
| Less: (i) Finance Cost(ii) Exceptional Item | 226- | 208- | 257- | 891- | 1,114- |
| Profit for the Period Before Tax | (254) | (161) | 4,814 | 280 | 5,132 |
| Segment Assets | |||||
| Commodities | 553 | 571 | 573 | 553 | 573 |
| InfrastructureWindpower | 14,4065,425 | 14,6765,602 | 13,8696,435 | 14,4065,425 | 13,8696,435 |
| Others | 39 | 63 | 51 | 39 | 51 |
| Unallocable | 11,365 | 9,803 | 11,021 | 11,365 | 11,021 |
| Totai Assets | 31,788 | 30,715 | 31,949 | 31,788 | 31,949 |
| Segment Liabilities | |||||
| CommoditiesInfrastructure | 12,164 | 192,144 | 272,009 | 12,164 | 272,009 |
| Windpower | 54 | 52 | 55 | 54 | 55 |
| OthersUnallocable | qh-12,452 | 312,755 | 214,441 | -12,452 | 214,441 |
| Total Liabilities | 14,671 | 14,973 | 16,534 | 14,671 | 16,534 |
Place : Mumbai Date : May 29, 2023
Executive Director
RUCHI INFRASTRUCTURE LTD CIN NO L65990MH1984PLC033878 Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 621
| RUCHI INFRASTRUCTURE LTDCIN NO L65990MH1984PLC033878Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 621Phone : 022-49712051Website : www.ruchiinfrastructure.com, E Mail : [email protected]STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIESPARTICULARSASSETSNon-current assets(a) Property, plant and equipment(b) Capital work-in-progress(c) Intangible assets(d) Right of Use assets(e) Financial Assets(i) Investments(ii) Others(f) Deferred tax Assets (Net)(g) Other non-current assetsTotal Non-current assetsCurrent assets(a) Inventories(b) Financial Assets(i) Trade receivables(ii) Cash and cash equivalents | ||
|---|---|---|
| (Rs.in Lacs) | ||
| As at March 31, 2023{As at March 31, 2022 | ||
| 20,226 | 20,552 | |
| 4501,701 | 5351,714 | |
| 1,514 | 1,037 | |
| 1,125 | 1,087 | |
| 42442 | 654- | |
| 889 | 1,294 | |
| 26,371 | 26,873 | |
| 19 | 28 | |
| 1,400 | 1,653 | |
| 1,320 | 1,948 | |
| (iif) Bank balances ther than (iii) above(iv) Loans | 1,150328 | 92229 |
| (v) Others(c) Other Current Assets | 589529 | 529515 |
| Total Current assets | 5,335 | 4,994 |
| Assets Classified as Held for Sale | 82 | 82 |
| Total Assets | 31,788 | 31,949 |
| EQUITY AND LIABILITIES | ||
| Equity(a) Equity share capital | 2,155 | 2,052 |
| (b) Other Equity{C) Non Controlling Interest | 14,9614 | 13,363- |
| Total Equity | 17,117 | 15,415 |
| LIABILITIESNon-Current Liabilities | ||
| (a) Financial Liabilities | ||
| i, Borrowings(ja) Lease Liabilities | 8,244620 | 10,857606 |
| (b) Provisions(c) Deferred Tax Liabilities | 88265 | 123138 |
| (d) Other non-current liabilitiesTotal Non-Current Liabilities | 3959,612 | 41412,138 |
| Current liabilities(a) Financial Liabilities | ||
| (1) Borrowings(i) Lease Liabilities | 3,64514 | 3,14532 |
| (ii) Trade payables(a) Total outstanding dues of Micro and Small Enterprises | ||
| (b) Total outstanding dues of Creditors other than Micro and Small Enterprises | -67 | -99 |
| (iii) Other financial liabilities(b) Other current liabilities | 251460 | 261396 |
| {c) Provisions(d) Current Tax Liabilities | 47112 | 42 |
| Total Current liabilities | 4,596 | 594,034 |
| Liabilities Associated with asssets held for saleTotal Equity and Liabilities | 46331,788 | 36231,949 |
| Mumbai | For and on behalf of Board of Directors | |
| May 29, 2023 | tL | |
| qo |
Executive Director
RUCHI INFRASTRUCTURE LTD
| RUCHI INFRASTRUCTURE LTD | |||
|---|---|---|---|
| CIN L65990IMH1984PLC033878 | |||
| Regd. Office :706, Tulsiani Chambers, Nariman Point, Mumbai — 400 021Phone : 022-49712051Website : www.ruchiinfrastructure.com, E Mail : [email protected] | |||
| Consolidated Cash Flow Statement for year Ended March 31st ,2023 | |||
| For the year Ended | (Rs. In lacs)For the year Ended | ||
| A | Cash Flow from operating activities | March 31, 2023 | March 31, 2022 |
| Profit/(loss) before taxAdjustments for : | 280 | 5,132 | |
| DepreciationNet (gain}/Loss on Sale of Property, Plant & Equipment | 1,56313 | 1,662(6) | |
| Amounts charged directly to OCI/Retained earningsShare tn profit of partnership firm | (1)- | 12- | |
| Governement Grant IncomeLoss/(Gain) on Sale of Investment | (19)- | (20)(12) | |
| Provision for doubtful debtsinterest IncomeLoss/(gain} on sale of investment | (55)(103) | (4,234)(56) | |
| Finance Costs | -891 | 1,114 | |
| Operating Profit Before Working Capital ChangesWorking Capital Adjustments | 2,569 | 3,592 | |
| (Increase)/Decrease in Inventories(Increase)/Decrease in Trade and other receivables | 9117 | (9)9,274 | |
| increase/(Decrease) in Trade and other payablesCash Generated from operations | (8)2,687 | (7,753)5,104 | |
| Income Tax PaidNET CASH FLOW FROM OPERATING ACTIVITIES | (181)2,506 | (90)5,014 | |
| B | Cash Flow from Investing Activities | ||
| Purchase of Property, Plant & Equipment (Including Capital WIP and Capital advance)Proceeds from Sale of Property , Plant & EquipmentAdvance received against asssets held for sale | (1,010)14101 | (1,125)10304 | |
| Purchase of InvestmentSale of Investment | (55)- | (31)28 | |
| Interest ReceivedLoan given to /Recover from Subsidiary | 160- | (32)- | |
| Share in profit of partnership firmChange in investment in Fixed Deposits | -(826) | -(55) | |
| NET CASH FLOW FROM INVESTING ACTIVITIES | (1,616} | (901) | |
| Cc | Cash Flow from Financing ActivitiesProceeds from issue of share capital | ||
| Money Received against share warrantsProceeds from borrowings | 1,057534 | -- | |
| Repayment of borrowingsLoan (Given)/recovered | -(2,113)(99) | -(1,450)(229) | |
| Repayment of Lease liabilityFinance Costs | (5)(892) | (39)(1,114) | |
| NET CASH FLOWS FROM FINANCING ACTIVITIES | (1,518) | (2,832) | |
| Net increase/(decrease) in Cash and Cash Equivalents | (628} | 1,281 | |
| Cash & Cash Equivalents at the beginning of the yearCash & Cash Equivalents at the end of the year | 1,9481,320 | 6671948 | |
| Cash & Cash Equivalents comprises :Balance with Banks in Current Accounts | 765 | 1,943 | |
| Balance with Bank in Deposit AccountsCash on Hand | yt55231320 | -51948 | |
| For and on behalf of Board of Directors - | |||
| Place | Mumbai |
Executive Director :
NOTES:
- The audited consolidated financial results for the quarter and year ended March 31, 2023 were reviewed by the Audit committee at its meeting held on May 29, 2023 and approved at the meeting of Board of Directors on that date.
- During the quarter ended 31 March, 2023, the Company made a preferential issue of 3,07,85,000 warrants each convertible into an equity share of Re. i/- at a price of Rs. 10.30 per warrant within the validity period of 18 months from the date of allotment. Out of which 1,02,62,000 warrants were converted into equity shares in accordance with the terms of preferential issue during the quarter ended 31" March, 2023, thereby increasing the paid up equity share capital from Rs.2052.40 lacs to Rs.2155.02 lacs and the remaining warrants are outstanding for conversion upto 12 August, 2024. The Company raised Rs. 1590.58 lakhs towards warrant subscription/warrant conversion, which is being utilised towards the objects of the preferential issue, as approved by the shareholders of the Company.
| Other Income/(expenses) include the following | Quarter Ended | (Rs. In lacs)Year Ended | |||
|---|---|---|---|---|---|
| 31-03-2023) | 31-12-2022) | 31-03-2022] | 31-03-2023] | 31.03.2022 | |
| Reversal of Provisons/(Provision) against trade | |||||
| receivables | 4 | 415 | 4,570 | 55 | 4,234 |
| Write back of Trade Payables | - | - | 7,833 | - | 7,833 |
| Other Expenses include the following | Quarter Ended | Rs. in LacsYear Ended | |||
|---|---|---|---|---|---|
| 31-03-2023} | 34-12-2022} | 31-03-2022) | 31-03-2023; | 31-03-2022 | |
| irrecoverable Advances written off | - | - | 2,899 | - | 2,899 |
| Bad debts written off | - | - | 4,437 | - | 4,437 |
The figures for the quarter ended March 31, 2023 and March 31, 2022 are the balancing figures between the audited figures for the full financial year and the year to date figures upto third quarter of the financial year. st
The figures for the previous period/year have been regrouped/reclassified/rearranged, where ever necessary, to correspond with the current periods classification/disclosure.
For and on behalf of the Board of Directors
Place : Mumbai
Date : May 29, 2023
Executive Director