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 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 05-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 02-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 05-02-2026   17:00:00
End date and time of board meeting 05-02-2026   18:15:00
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
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default on Loan and Debt Securities during the reporting period.



Financial Results Ind-AS

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 9,699.16 28,380.90
Other income 70.19 226.36
Total income 9,769.35 28,607.26
2 Expenses
(a) Cost of materials consumed 4,719.29 14,509.69
(b) Purchases of stock-in-trade 227.35 434.32
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 170.54 215.20
(d) Employee benefit expense 1,572.60 4,529.12
(e) Finance costs 205.19 632.54
(f) Depreciation, depletion and amortisation expense 244.22 720.81
(f) Other Expenses
1 Other Expenses 1,876.52 5,338.15
Total other expenses 1,876.52 5,338.15
Total expenses 9,015.71 26,379.83
3 Total profit before exceptional items and tax 753.64 2,227.43
4 Exceptional items 0.00 0.00
5 Total profit before tax 753.64 2,227.43
6 Tax expense
7 Current tax 140.05 421.28
8 Deferred tax (11.22) (178.35)
9 Total tax expenses 128.83 242.93
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 624.81 1,984.50
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 624.81 1,984.50
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 624.81 1,984.50
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 3,995.22 3,995.22
Face value of equity share capital 10 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 1.57 4.97
Diluted earnings (loss) per share from continuing operations 1.49 4.73
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.57 4.97
Diluted earnings (loss) per share from continuing and discontinued operations 1.49 4.73
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 Standalone Financial Results for the quarter and nine months ended on 31st December, 2025: 1. The unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standard (referred to as Ind AS 34 Interim Financial Reporting) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 2. This unaudited standalone financial results of the Company for the quarter and nine months ended 31st December, 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 standalone financial results provides true and fair view of the Companys affairs. 3. This unaudited standalone financial results of the Company for the quarter and nine months ended on 31st December, 2025 have been approved and recommended by the Audit Committee and thereafter approved by the Board of Directors at their meeting held on 05th February, 2026. 4. The Company operates in three segments i.e. (a) 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 and (b) Trading of Granules (c) Solar Power generation for Captive Consumption. The 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 Segments as these do not fall within the criteria for segmental report as on 31st December, 2025. 5. Previous Year and Previous Quarter(s) figures have been regrouped/ reclassified wherever necessary to confirm to this period classification. 6. The 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. During the quarter ended 31st December, 2025, there has been no further receipt of funds and no conversion of warrants into equity shares. 7. The Company has undertaken expansion in its SEZ and Techtex unit. The proposed capacity addition for this expansion is approximately 3300 MT per annum which is expected to be operational on or before July 2026. The total estimated investment for the project is Rs. 23.00 Crores, which will be financed through borrowings from banks and from internal accruals. 8. The Government of India notified the provisions of the four new Labour Codes (Labour Codes) on 21st November 2025, thereby consolidating twenty-nine existing labour laws into a comprehensive and unified framework. Among other changes, the Labour Codes provide a unified definition of wages to be applied across various employee benefit computations. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The incremental impact of these changes, assessed by the Company, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material and has been recognized in the standalone and consolidated financial results of the Company for the quarter and nine months ended 31st December, 2025. Once Central/ State Rules are notified by the Government on all aspects of the Codes, the Company will evaluate additional impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. 9. The Company has solar power project of 1.0 MW for Captive Consumption of power.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Segment -A Manufacturing 9,599.85 28,155.72
2 Segment-B other Segment 0.0009931 0.0022518
Total Segment Revenue 9,699.16 28,380.90
Less: Inter segment revenue 0.00 0.00
Revenue from operations 9,699.16 28,380.90
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Segment -A Manufacturing 891.95 2,676.38
2 Segment-B other Segment 66.88 183.59
Total Profit before tax 958.83 2,859.97
i. Finance cost 205.19 632.54
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 753.64 2,227.43
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Segment -A Manufacturing 28,998.21 28,998.21
2 Segment-B other Segment 2,178.38 2,178.38
Total Segment Asset 31,176.59 31,176.59
Un-allocable Assets 0.00 0.00
Net Segment Asset 31,176.59 31,176.59
4 Segment Liabilities
Segment Liabilities
1 Segment -A Manufacturing 13,527.73 13,527.73
2 Segment-B other Segment 1,230.50 1,230.50
Total Segment Liabilities 14,758.23 14,758.23
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 14,758.23 14,758.23
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
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
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
5 Total Other comprehensive income