Integrated Filing — IndAS



General information about company
Scrip Code 524820
NSE Symbol PANAMAPET
MSEI Symbol NOTLISTED
ISIN INE305C01029
Name of company PANAMA PETROCHEM 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 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-May-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 Speciality Petroleum Products
Start date and time of board meeting 26-May-2025   11:00:00
End date and time of board meeting 26-May-2025   12:20:00
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 2022-02-11
Indicate Company website link for updated RPT policy of the Company https://panamapetro.com/wp-content/uploads/2022/04/Related-Party-Transaction-Policy.pdf
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
N.A.



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 4558200000 17757200000
Other income 44400000 119400000
Total income 4602600000 17876600000
2 Expenses
(a) Cost of materials consumed 3691900000 14570500000
(b) Purchases of stock-in-trade 69400000 145400000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -59300000 -68700000
(d) Employee benefit expense 148900000 244700000
(e) Finance costs 36400000 144800000
(f) Depreciation, depletion and amortisation expense 20500000 79600000
(f) Other Expenses
1 Other expenditure 290600000 1180900000
Total other expenses 290600000 1180900000
Total expenses 4198400000 16297200000
3 Total profit before exceptional items and tax 404200000 1579400000
4 Exceptional items 0 0
5 Total profit before tax 404200000 1579400000
6 Tax expense
7 Current tax 107800000 403800000
8 Deferred tax 3800000 9700000
9 Total tax expenses 111600000 413500000
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 292600000 1165900000
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 292600000 1165900000
17 Other comprehensive income net of taxes -39700000 -32600000
18 Total Comprehensive Income for the period 252900000 1133300000
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 121000000 121000000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 9205200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.84 19.27
Diluted earnings (loss) per share from continuing operations 4.84 19.27
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 4.84 19.27
Diluted earnings (loss) per share from continuing and discontinued operations 4.84 19.27
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



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 1941300000
Capital work-in-progress 136700000
Investment property 272800000
Goodwill 0
Other intangible assets 226200000
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 707100000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 6900000
Total non-current financial assets 714000000
Deferred tax assets (net) 0
Other non-current assets 46400000
Total non-current assets 3337400000
2 Current assets
Inventories 3260200000
Current financial asset
Current investments 0
Trade receivables, current 3951700000
Cash and cash equivalents 329600000
Bank balance other than cash and cash equivalents 11800000
Loans, current 110900000
Other current financial assets 38900000
Total current financial assets 4442900000
Current tax assets (net) 29900000
Other current assets 366400000
Total current assets 8099400000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 11436800000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 121000000
Other equity 9205200000
Total equity attributable to owners of parent 9326200000
Non controlling interest
Total equity 9326200000
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 2200000
Total non-current financial liabilities 2200000
Provisions, non-current 15900000
Deferred tax liabilities (net) 111200000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 129300000
Current liabilities
Current financial liabilities
Borrowings, current 24900000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 77700000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1761300000
Total Trade payable 1839000000
Other current financial liabilities 53300000
Total current financial liabilities 1917200000
Other current liabilities 61500000
Provisions, current 2600000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1981300000
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 2110600000
Total equity and liabilites 11436800000
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 Items that will not be reclassified subsequently to profit or loss -53100000 -43600000
Total Amount of items that will not be reclassified to profit and loss -53100000 -43600000
2 Income tax relating to items that will not be reclassified to profit or loss -13400000 -11000000
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit 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 -39700000 -32600000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
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 1579400000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 144800000
Adjustments for decrease (increase) in inventories 351200000
Adjustments for decrease (increase) in trade receivables, current -184200000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -185000000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -117600000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -432600000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 79600000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 900000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 2500000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 28500000
Adjustments for dividend income 100000
Adjustments for interest income 33200000
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 -63400000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -408600000
Net cash flows from (used in) operations 1170800000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 393800000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 777000000
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 209000000
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 400000
Purchase of property, plant and equipment 216900000
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 100000
Interest received 33200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 61300000
Net cash flows from (used in) investing activities -330900000
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 0
Repayments of borrowings 230000000
Payments of lease liabilities 1400000
Dividends paid 361000000
Interest paid 145100000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -737500000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -291400000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 700000
Net increase (decrease) in cash and cash equivalents -290700000
Cash and cash equivalents cash flow statement at beginning of period 620300000
Cash and cash equivalents cash flow statement at end of period 329600000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 JMR & ASSOCIATES LLP Yes 31-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Panama Petrochem Limited Amirali E. Rayani Executive Chairman Remuneration 31800000 Approved 31800000 0 0
2 Panama Petrochem Limited Arif Rayani Executive Whole-Time Director Remuneration 31600000 Approved 31600000 0 0
3 Panama Petrochem Limited Hussein V. Rayani Joint Managing Director Remuneration 31600000 Approved 31600000 0 0
4 Panama Petrochem Limited Samir A. Rayani Managing Director & CEO Remuneration 31700000 Approved 31700000 0 0
5 Panama Petrochem Limited Akberali E. Rayani Brother of Mr. Amirali E Rayani Remuneration 200000 Approved 200000 0 0
6 Panama Petrochem Limited Amin A. Rayani Brother of Mr. Arif Rayani Remuneration 600000 Approved 600000 0 0
7 Panama Petrochem Limited Munira H. Rayani Wife of Mr. Hussein Rayani Remuneration 200000 Approved 200000 0 0
8 Panama Petrochem Limited Nilima Kheraj Sister of Mr. Samir Rayani Remuneration 200000 Approved 200000 0 0
9 Panama Petrochem Limited Salimali E. Rayani Brother of Mr. Amirali E Rayani Remuneration 200000 Approved 200000 0 0
10 Panama Petrochem Limited Serena Rayani Brother's Wife of Hussein Rayani Remuneration 600000 Approved 600000 0 0
11 Panama Petrochem Limited Vazirali E. Rayani Brother of Mr. Amirali E Rayani Remuneration 200000 Approved 200000 0 0
12 Panama Petrochem Limited Panol Industries RMC FZE, UAE Subsidiaries Any other transaction Investment in Equity 0 Approved 0 518600000 518600000
13 Panama Petrochem Limited Panol Industries RMC FZE, UAE Subsidiaries Any other transaction Commission charged on Corporate Guarantee 20800000 Approved 20800000 0 11300000
14 Panama Petrochem Limited Panol Industries RMC FZE, UAE Subsidiaries Any other transaction Corporate Guarantee 495800000 Approved 495800000 950500000 1446300000
Total value of transaction during the reporting period 645500000