Integrated Filing — IndAS



General information about company
Scrip Code 539986
NSE Symbol COMSYN
MSEI Symbol NOTLISTED
ISIN INE073V01015
Name of company COMMERCIAL SYN BAGS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 08-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 08-Aug-2025   12:15:00
End date and time of board meeting 08-Aug-2025   16:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 905132000
Other income 7065000
Total income 912197000
2 Expenses
(a) Cost of materials consumed 504051000
(b) Purchases of stock-in-trade 11705000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -31589000
(d) Employee benefit expense 143464000
(e) Finance costs 24353000
(f) Depreciation, depletion and amortisation expense 27162000
(f) Other Expenses
1 Other Expences 167343000 167343000
Total other expenses 167343000
Total expenses 846489000
3 Total profit before exceptional items and tax 65708000
4 Exceptional items 0
5 Total profit before tax 65708000
6 Tax expense
7 Current tax 12084000
8 Deferred tax -1916000
9 Total tax expenses 10168000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 55540000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 55540000
17 Other comprehensive income net of taxes 0
18 Total Comprehensive Income for the period 55540000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0
Total profit or loss, attributable to non-controlling interests 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0
21 Details of equity share capital
Paid-up equity share capital 399520000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.39
Diluted earnings (loss) per share from continuing operations 1.32
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.39
Diluted earnings (loss) per share from continuing and discontinued operations 1.32
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Notes to Unaudited Consolidated Financial Results for the quarter ended on 30th June, 2025: n n1.tThis unaudited consolidated financial results of the Group comprises of results of parent Commercial Syn Bags Limited, its wholly owned subsidiary Comsyn India Private Limited and step down subsidiary Erawat Vegcap Private limited and its associate Smartlift Bulk Packaging Limited along with its wholly owned subsidiary Smartlift Bulk Packaging Ireland Limited for quarter ended on 30th June, 2025 have been prepared in accordance with the Companies Indian Accounting Standard Rule, 2015 IndAS as prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extend applicable.. n n2.tThe unaudited consolidated financial results of Commercial Syn Bags Limited its wholly owned subsidiary Comsyn India Private Limited and step down subsidiary Erawat Vegcap Private Limited and its associate Smartlift Bulk Packaging Limited (along with its wholly owned subsidiary Smartlift Bulk Packaging Ireland Limited for the quarter ended 30th June, 2025 have not been audited by statutory auditors and they have provided their limited review report. The report does not have any impact on the above results and notes which needs any explanation. However, the management has exercised necessary due diligence to ensure that the consolidated financial results provide true and fair view of the Company's affairs. n n3.tThis unaudited consolidated financial results have been approved and recommended by the Audit Committee and thereafter approved by the Board of Directors at their meeting held on 8th August, 2025. n n4.tThe Company operates in three segments i.e. a Manufacture and sale of FIBC, Bulk Bags, Poly Tarpaulin, Woven SacksBags, Box Bags, PP HDPE Fabric, Liner, Flexible Packaging and Geotextiles, Ground Cover, Nets and other technical textiles products and b Trading of Granules c Solar Power generation for Captive Consumption. n nThe segment for Manufacture and sale of FIBC, Bulk Bags, Poly Tarpaulin, Woven Sacks/Bags, Box Bags, PP HDPE Fabric, Liner, Flexible Packaging and Geotextiles, Ground Cover, Nets and other technical textiles products meets the quantitative thresholds and is considered as reportable segment. Financial information of other segments b and c have been shown in ,All other SegmentsT as these do not fall within the criteria for segmental report as on 30th June, 2025. n n5.tPrevious Year and Previous Quarters figures have been regrouped/ reclassified wherever necessary to confirm to this period classification. n n6.tThe Company has received in principal approval for issuance of the warrants on preferential basis from NSE and BSE and the Board of Directors in their meeting held on 20th March 2025 allotted 20,00,000 convertible warrants of Rs. 72 each to the promoters and promoter group. The Company has received 25% upfront money i.e. Rs. 360.00 Lakhs and utilized the same as per the object of the preferential issue as stated in the Notice of EGM. n nDuring the quarter ended 30th June, 2025, there has been no further receipt of funds and no conversion of warrants into equity shares. n n7.tThe Company has further acquired 1 Percent i.e. 10 shares in Smartlift Bulk Packaging Limited, U.K. by payment of agreed consideration of GBP 43,500 to Mr. Trevor William Bland. With this acquisition the Company now holds 50 Percent of the paid up share capital of Smartlift Bulk Packaging Limited. n n8.tComsyn India Private Limited acquired 100 Percent equity shares of Erawat Vegcap Private Limited through a Share Purchase Agreement SPA dated 12th April, 2025, for a total consideration of Rs. 551.00 Lakhs. As a result, Erawat Vegcap Private Limited has become a wholly owned subsidiary of Comsyn India Private Limited and Commercial Syn Bags Limited is the ultimate holding company of Erawat Vegcap Private Limited. n n9.tIn continuation of our earlier disclosure regarding the acquisition of leasehold land of Comsyn India Private Limited by NHAI for their project, the matter is still pending for adjudication before the Honourable High Court of Madhya Pradesh bench at Indore. The Competent Authority (Sub Divisional Magistrate), NHAI, MPIDC RO have submitted their replies respectively and the demarcation of land is pending. The notification u/s 3D of the National Highway Act, 1956 is being issued. We have the lease hold right in the land and having the interim relief of retaining the possession of land till the matter is decided by the Honourable High Court. Though after the publication of notification u/s 3D the land vest in Central Government still the further proceeding under the act and the verdict by the High Court is yet to be completed. n n10.tThe figure of quarter on quarter depreciation is being affected due the reversal of accumulated depreciation on subsidy received in the financial year 2024-2025 adjusted in last quarter in their respective block. n n11.tThe Company has solar power project of 1.0 MW for Captive Consumption of power. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Segment -A Manufacturing 900237000 900237000
2 Segment-B other Segment 4895000 4895000
Total Segment Revenue 905132000
Less: Inter segment revenue 0 0
Revenue from operations 905132000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Segment -A Manufacturing 86033000 86033000
2 Segment-B other Segment 4028000 4028000
Total Profit before tax 90061000
i. Finance cost 24353000 24353000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 65708000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Segment -A Manufacturing 3023345000 3023345000
2 Segment-B other Segment 151409000 151409000
Total Segment Asset 3174754000 3174754000
Un-allocable Assets 0 0
Net Segment Asset 3174754000 3174754000
4 Segment Liabilities
Segment Liabilities
1 Segment -A Manufacturing 1554434000 1554434000
2 Segment-B other Segment 64301000 64301000
Total Segment Liabilities 1618735000 1618735000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1618735000 1618735000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 0