CASH FLOW STATEMENT

AXLE TECH PRIVATE LIMITED

PARTICULARS YEAR ENDED YEAR ENDED YEAR ENDED

31st MARCH 31st MARCH 31st MARCH
2021 2022 2023
A. CASH FLOW FROM OPERATING
ACTIVITIES:

Net Profit Before Tax as per Statement of Profit and 10,00,000 15,00,000 1,50,000
Loss (After exceptional item and tax thereon)
Adjusted for:
Share of (Profit)/Loss of Associates and Joint Ventures 1,50,000 50,000 5,000
Premium on Buy back of Debentures 50,000 10,000 --
(Profit) / Loss on Sale / Discard of Property, Plant and (2,00,000) (1,00,000) (10,000)
Equipment and Other Intangible Asset (Net)
Depreciation / Amortization and Depletion Expense 4,00,000 5,00,000 50,000

Ikshana Trust 1,00,000 (1,50,000) 2,000

Net Gain on Financial Assets# 2,50,000 2,00,000 3,000
Exceptional Item (Net of Taxes) (1,00,000) 1,00,000 8,000
Dividend Income# 50,000 1,20,000 6,000
Interest Income# 1,50,000 90,000 2,000
Finance Costs# (3,00,000) (60,000) (10,000)
Operating Profit before Working Capital Changes 14,50,000 22,60,000 206,000
Adjusted for:
Trade and Other Receivables 3,00,000 (3,50,000) (20,000)

Inventories 2,50,000 (2,00,000) (8,000)

Trade and Other Payables 1,00,000 (2,80,000) 16,000
Cash Generated from Operations 19,00,000 14,30,000 194,000
Taxes Paid (Net) (1,00,000) (1,70,000) (30,000)
Net Cash Flow from Operating Activities 18,00,000 12,60,000 164,000
B. CASH FLOW FROM INVESTING ACTIVITIES:
Expenditure on Property, Plant and Equipment and Other (8,00,000) (10,00,000) (120,000)
Intangible Assets
Proceeds from disposal of Property, Plant and Equipment 3,00,000 3,50,000 20,000
and Other Intangible Assets
Purchase of Other Investments 4,50,000 (6,50,000) (8,000)
Proceeds from Sale of Financial Assets 2,00,000 90,000 12,000
Repayment of Deferred Payment liabilities (1,00,000) (2,00,000) --
Interest Income 75,000 1,20,000 3,000
Dividend Income from Associates 1,00,000 50,000 2,000
Dividend Income from Others 50,000 30,000 4,000
Net Cash Flow used in Investing Activities 2,75,000 (13,10,000) (87,000)
C. CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from Issue of Equity Share Capital 1,00,000 10,00,000 110,000
Proceeds from Issue of Share Capital to Non-Controlling 75,000 3,00,000 5,000
Interest (Net of Dividend Paid)
Net Proceeds from Rights Issue 2,50,000 1,50,000 8,000
Payment of Lease Liabilities (1,25,000) (70,000) (3,000)
Proceeds from Borrowings - Non-Current (including 10,00,000 7,00,000 140,000
current maturities)
Repayment of Borrowings - Non-Current (including (3,00,000) (5,00,000) (80,000)
current maturities)
Borrowings - Current (Net) 50,000 (1,20,000) 20,000
Movement in Deposits 25,000 2,00,000 --
Dividend Paid (1,50,000) (3,20,000) (6,000)
Interest Paid (2,00,000) (1,50,000) (4,000)
Net Cash Flow from Financing Activities 6,00,000 12,90,000 1,90,000
Net Increase / (Decrease) in Cash and Cash Equivalents 26,75,000 40,000 2,67,000
Opening Balance of Cash and Cash Equivalents 5,00,000 4,00,000 80,000
Add: Upon addition of Subsidiaries 2,50,000 1,20,000 --
Closing Balance of Cash and Cash Equivalents 34,25,000 34,500 3,47,000

Singhania and Company Yash Mangale (Chairman)

(Chartered Accountants)
Firm Registration No. 142412W / W100595

Place : Pune, Date: April 16, 2024 Prajwal Sharma (Chief Financial Officer)

For and on behalf of Board of Directors