Integrated Filing — IndAS

General information about company
Scrip Code	502450
NSE Symbol	SESHAPAPER
MSEI Symbol	NOTLISTED
ISIN	INE630A01024
Name of company	SESHASAYEE PAPER AND BOARDS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	10-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Paper is the only reportable segment of operation of the Company
Start date and time of board meeting	10-May-2025   11:30:00
End date and time of board meeting	10-May-2025   14:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-03-22
Indicate Company website link for updated RPT policy of the Company	https://www.spbltd.com/investor-info/policy/index.html
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
No default on Loans and Debt Securities

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
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	5022800000	17541100000
	Other income	181700000	701500000
	Total income	5204500000	18242600000
2	Expenses
(a)	Cost of materials consumed	2954800000	11439800000
(b)	Purchases of stock-in-trade	72500000	339200000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	452500000	-568100000
(d)	Employee benefit expense	283400000	1133200000
(e)	Finance costs	42100000	84300000
(f)	Depreciation, depletion and amortisation expense	112200000	452400000
(f)	Other Expenses
1	Cost of Power and Fuel	568400000	2436500000
2	Other Expenses	439300000	1647100000
	Total other expenses	1007700000	4083600000
	Total expenses	4925200000	16964400000
3	Total profit before exceptional items and tax	279300000	1278200000
4	Exceptional items	0	0
5	Total profit before tax	279300000	1278200000
6	Tax expense
7	Current tax	33700000	243800000
8	Deferred tax	-10700000	-11200000
9	Total tax expenses	23000000	232600000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	256300000	1045600000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	256300000	1045600000
17	Other comprehensive income net of taxes	-107600000	-700000
18	Total Comprehensive Income for the period	148700000	1044900000
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	120400000	120400000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		18998700000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	4.25	17.36
	Diluted earnings (loss) per share from continuing operations	4.25	17.36
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	4.25	17.36
	Diluted earnings (loss) per share from continuing and discontinued operations	4.25	17.36
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		n1. Paper is the only reportable segment of operation of the Company. n n2. The Hon'ble NCLT, Chennai bench vide its order dated 12.05.2023 approved thee-auction sale of assets of M/s.Servalakshmi Paper Limited (Corporate Debtor in Liquidation) as a Going Concern, in favour of our company and consequently the Sales Certificate has been issued and the assets handed over to our company. Few appeals challenging Hon’ble NCLT’s order have been filed in Hon’ble NCLAT, which are pending. Company is taking steps for revival, refurbishment and recommencement of operations. n n3.The figures for the last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year. n n4.The above results were reviewed by the Audit Committee of the Board and approved by the Board of Directors at the respective meetings held on May 09, 2025 and May 10, 2025. n n5.The Board of Directors has recommended a dividend of Rs.2.50/- (Two Rupees and fifty paise) per Equity Share of Rs. 2 each for the financial year 2024-25. n

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	7552200000
	Capital work-in-progress	710900000
	Investment property	0
	Goodwill	0
	Other intangible assets	11500000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	2154600000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	252300000
	Total non-current financial assets	2406900000
	Deferred tax assets (net)	0
	Other non-current assets	1321900000
	Total non-current assets	12003400000
2	Current assets
	Inventories	3540500000
	Current financial asset
	Current investments	0
	Trade receivables, current	1479800000
	Cash and cash equivalents	130900000
	Bank balance other than cash and cash equivalents	6583600000
	Loans, current	0
	Other current financial assets	13000000
	Total current financial assets	8207300000
	Current tax assets (net)	0
	Other current assets	699300000
	Total current assets	12447100000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	24450500000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	120400000
	Other equity	18998700000
	Total equity attributable to owners of parent	19119100000
	Non controlling interest
	Total equity	19119100000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	168800000
	Total non-current financial liabilities	168800000
	Provisions, non-current	216800000
	Deferred tax liabilities (net)	1297700000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1683300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	818600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	481800000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1984400000
	Total Trade payable	2466200000
	Other current financial liabilities	239600000
	Total current financial liabilities	3524400000
	Other current liabilities	57500000
	Provisions, current	34800000
	Current tax liabilities (Net)	31400000
	Deferred government grants, Current	0
	Total current liabilities	3648100000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	5331400000
	Total equity and liabilites	24450500000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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
1	Remeasurement benefit of the defined benefit plans	18600000	18600000
2	Net Fair Value Gain on investment in Equity Instruments through OCI	-140800000	13000000
	Total Amount of items that will not be reclassified to profit and loss	-122200000	31600000
2	Income tax relating to items that will not be reclassified to profit or loss	-14600000	32300000
3	Amount of items that will be reclassified to profit and loss
1	item hat will be reclassified to Statement of Pofit and Loss	0	0
	Total Amount of items that will be reclassified to profit and loss	0	0
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-107600000	-700000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1278200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			-661400000
	Adjustments for decrease (increase) in trade receivables, current			-289800000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-30300000
	Adjustments for decrease (increase) in other non-current assets			-164400000
	Adjustments for other financial assets, non-current			1600000
	Adjustments for other financial assets, current			-365300000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-127300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-20300000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			452400000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-8800000
	Adjustments for provisions, non-current			13600000
	Adjustments for other financial liabilities, current			21500000
	Adjustments for other financial liabilities, non-current			-7200000
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			18600000
	Other adjustments for non-cash items			4100000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-1163000000
	Net cash flows from (used in) operations			115200000
	Dividends received			-29800000
	Interest paid			-58800000
	Interest received			-552400000
	Income taxes paid (refund)			204800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-613000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			254900000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			10200000
	Purchase of property, plant and equipment			630800000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			29800000
	Interest received			552400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			717000000
	Net cash flows from (used in) investing activities	423700000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			608600000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			315300000
	Interest paid			58700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			234600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			45300000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			45300000
	Cash and cash equivalents cash flow statement at beginning of period			85600000
	Cash and cash equivalents cash flow statement at end of period			130900000