Integrated Filing — IndAS



General information about company
Scrip Code 526217
NSE Symbol HITECHCORP
MSEI Symbol NOTLISTED
ISIN INE120D01012
Name of company Hitech Corporation 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 20-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 Manufacturing of Plastic Containers
Start date and time of board meeting 26-May-2025   17:00:00
End date and time of board meeting 26-May-2025   19:45:00
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 2025-05-26
Indicate Company website link for updated RPT policy of the Company https://hitech-prod.blr1.cdn.digitaloceanspaces.com/Policy_on_Related_Party_Transactions_And_Its_Materiality_5274e53884.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
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-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 1372955000 5494294000
Other income 12038000 34395000
Total income 1384993000 5528689000
2 Expenses
(a) Cost of materials consumed 838112000 3358343000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 6261000 1766000
(d) Employee benefit expense 109100000 429616000
(e) Finance costs 41142000 160654000
(f) Depreciation, depletion and amortisation expense 91863000 360163000
(f) Other Expenses
1 Other Expenses 286435000 1107153000
Total other expenses 286435000 1107153000
Total expenses 1372913000 5417695000
3 Total profit before exceptional items and tax 12080000 110994000
4 Exceptional items -15491000 -7833000
5 Total profit before tax -3411000 103161000
6 Tax expense
7 Current tax -2085000 26001000
8 Deferred tax 2874000 -2650000
9 Total tax expenses 789000 23351000
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 -4200000 79810000
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 -4200000 79810000
17 Other comprehensive income net of taxes 830000 357000
18 Total Comprehensive Income for the period -3370000 80167000
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 171757000 171757000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2525424000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.24 4.65
Diluted earnings (loss) per share from continuing operations -0.24 4.65
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 -0.24 4.65
Diluted earnings (loss) per share from continuing and discontinued operations -0.24 4.65
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) 1. The Audited Standalone and Consolidated financial results which are published in accordance with nRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, have been nreviewed and recommended by the Audit Committee and subsequently approved by the Board of nDirectors of the Company at their respective meetings held on May 26, 2025. n2. The Audited Standalone and Consolidated financial results are prepared in accordance with the nIndian Accounting Standards (Ind AS) under section 133 of the Companies Act, 2013, read with nprescribed relevant rules issued thereunder and other accounting principles generally accepted in nIndia. n3. The Group has identified Plastic Products as its single primary reportable segment in naccordance with the requirements of Ind AS 108 Operating Segments. Accordingly, no separate nsegment information has been provided. n4. During quarter ended June 30, 2024, the Company has formed a 100 percent subsidiary, Hitech Global nInc. having its registered office in the state of Delaware, USA, with initial capital of USD 100,000 n(equivalent to Rs. 84.60 lakhs). The Management certified results of the aforesaid subsidiary forms npart of these audited consolidated financial results for the quarter and year ended March 31, 2025, nbased on Ind AS 110 'Consolidated Financial Statements'. n5. During quarter ended March 31, 2025, the Company has acquired Thriarr Polymers Limited nthrough Share Purchase Agreement entered into between the parties dated February 27, 2025, with neffect from the base accounts date of January 01, 2025. The 100 percent share transfer formalities nwere completed as on March 7, 2025. In the consolidated financials, the identifiable assets acquired nand liabilities assumed were recognised at their respective fair values as at the acquisition date with na resultant goodwill amounting to Rs. 841.46 lakhs which is accounted at fair value. n6. Details of exceptional items are listed below: nttttttttt (Rs.in lakhs) nParticularst Quarter endedt Year ended nt AuditedtAudited Audited Audited Audited nt 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 na. Compensation under compulsory nacquisitiont t (76.58)t nb. Employee retrenchment costst 154.91t 154.91t nTotalt 154.91 t 78.33 t n na. During quarter ended June 30, 2024, the Company had received Orders from the Land Acquisition, nRehabilitation & Resettlement Authority, D and N. H., Silvassa under the Right to Fair nCompensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 n(‘the Act’), aggregating Rs. 104.61 lakhs as compensation for the compulsory acquisition of Land nunder the Act, which included interest of Rs. 9.32 Lakhs. nThe exceptional item of Rs. 76.58 lakhs represents the excess of the compensation amount (net of ninterest) over the related carrying cost of the asset held for sale. nb. During the quarter March 31, 2025, as part of rationalisation of the production facilities and noptimisation of cost, the Company has decided to close its operations of 'Sarigam Unit' by May n2025, situated at GIDC Sarigam, Gujarat for which a one time Employee retrenchment ncompensation payable is accounted amounting to Rs. 154.91 lakhs, as per statute. This has been nincluded as an exceptional item for the quarter and year ended March 31, 2025. n7. The Board of Directors have, subject to approval by shareholders in the ensuing Annual General nMeeting, recommended a dividend of Rs. 1 per share (at the rate of 10 percent), on the equity shares nof the Company for the year ended March 31, 2025, the liability for the same to be accounted once napproved by the shareholders at the ensuing Annual General Meeting. n8. The figures for the quarter ended March 31 are balancing figures between audited figures in respect nof the full financial year and the cumulative figures up to the third quarter of the respective financial nyears. n 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 2660984000
Capital work-in-progress 126201000
Investment property 64121000
Goodwill 0
Other intangible assets 1136000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method
Non-current financial assets
Non-current investments 285163000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 63657000
Total non-current financial assets 348820000
Deferred tax assets (net) 107243000
Other non-current assets 30065000
Total non-current assets 3338570000
2 Current assets
Inventories 488221000
Current financial asset
Current investments 0
Trade receivables, current 449698000
Cash and cash equivalents 2810000
Bank balance other than cash and cash equivalents 1833000
Loans, current 0
Other current financial assets 48993000
Total current financial assets 503334000
Current tax assets (net)
Other current assets 69542000
Total current assets 1061097000
3 Non-current assets classified as held for sale 3747000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4403414000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 171757000
Other equity 2525424000
Total equity attributable to owners of parent 2697181000
Non controlling interest
Total equity 2697181000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 408429000
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 69156000
Total non-current financial liabilities 477585000
Provisions, non-current 68489000
Deferred tax liabilities (net) 28998000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 575072000
Current liabilities
Current financial liabilities
Borrowings, current 660250000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 82134000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 140686000
Total Trade payable 222820000
Other current financial liabilities 198822000
Total current financial liabilities 1081892000
Other current liabilities 11551000
Provisions, current 36311000
Current tax liabilities (Net) 1407000
Deferred government grants, Current 0
Total current liabilities 1131161000
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 1706233000
Total equity and liabilites 4403414000
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 of defined benefit plans 1149000 490000
Total Amount of items that will not be reclassified to profit and loss 1149000 490000
2 Income tax relating to items that will not be reclassified to profit or loss 319000 133000
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 0
5 Total Other comprehensive income 830000 357000



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 103161000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 160654000
Adjustments for decrease (increase) in inventories -67559000
Adjustments for decrease (increase) in trade receivables, current -28683000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -13285000
Adjustments for decrease (increase) in other non-current assets -29632000
Adjustments for other financial assets, non-current -10283000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 36131000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 853000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 360163000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 4849000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 14766000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -1418000
Adjustments for dividend income 0
Adjustments for interest income 5721000
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) 0
Other adjustments for non-cash items -4028000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 416807000
Net cash flows from (used in) operations 519968000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 50481000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 469487000
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 149460000
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 35512000
Purchase of property, plant and equipment 526912000
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 0
Interest received 3392000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 45000
Net cash flows from (used in) investing activities -637423000
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 516712000
Repayments of borrowings 158026000
Payments of lease liabilities 21977000
Dividends paid 17252000
Interest paid 155144000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 164313000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -3623000
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 -3623000
Cash and cash equivalents cash flow statement at beginning of period 6433000
Cash and cash equivalents cash flow statement at end of period 2810000





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 Kalyaniwalla & Mistry LLP Yes 31-Jul-2027


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 Hitech Corporation Limited Mr. Malav Dani Managing Director ( Promoter Directior and Key Managerial Personnel) Remuneration 15000000 Approved 3990000 0 1400000
2 Hitech Corporation Limited Mrs. Ina Dani Promoter Director (Non Executive) Any other transaction Sitting Fees and commission 1000000 Approved 250000 0 100000
3 Hitech Corporation Limited Mr. Chirag Gosalia Son of Non Executive Director of Geetanjali Trading and Invts Pvt. Ltd. (Holding Company) Remuneration 3000000 Approved 1367000 0 278000
4 Hitech Corporation Limited Asian Paints Ltd. Entities Controlled/ Significantly influenced by Directors/Close FamilyMembers of Directors Sale of goods or services 10000000000 Approved 1740476000 77434000 61910000
5 Hitech Corporation Limited Hitech Specialities Solutions Pvt. Ltd. Entities Controlled/ Significantly influenced by Directors/Close FamilyMembers of Directors Any other transaction Rent and deposits paid 13176000 Approved 6570000 9600000 9600000
6 Hitech Corporation Limited SAB KA MANGAL HO FOUNDATION Other Related Party Any other transaction Contribution for CSR 7600000 Approved 2390000 0 0
7 Hitech Corporation Limited Hitech Global Inc. Wholly Owned Foreign Subsidiary Any other transaction Professional Fees for Marketing Consultancy 10000000 Approved 7001000 0 754000
8 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Investment 265300000 Approved 265300000 0 0
9 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Sale of goods or services 0 Approval by Audit Committee is not Applicable 460000 0 355000
10 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Loan 0 Approval by Audit Committee is not Applicable 20300000 0 20408000 Loan 0.08 0 Unsecured Loan was given for carrying out general business operations Textual Information(1)
11 Hitech Corporation Limited Thriarr Polymers Private Limited Wholly Owned Subsidiary Interest received 0 Approval by Audit Committee is not Applicable 120000 0 120000
12 Hitech Corporation Limited Siddhamoorthi Thyagarajan Director of Wholly Owned Subsidiary Any other transaction Amount Payable towards to directors of Subsidiary Company towards share purchase consideration 59502000 Approved 59502000 59502000 59502000
13 Hitech Corporation Limited Sashikala Thyagarajan Director of Wholly Owned Subsidiary Any other transaction Amount Payable towards to directors of Subsidiary Company towards share purchase consideration 59714000 Approved 59714000 59714000 59714000
14 Hitech Corporation Limited Rajgopal Thyagarajan Director of Wholly Owned Subsidiary Any other transaction Amount Payable towards to directors of Subsidiary Company towards share purchase consideration 5084000 Approved 5084000 5084000 5084000
15 Hitech Corporation Limited Asian Paints PPG Private Limited Entity significantly controlled by Related party Sale of goods or services 10000000 Approved 2349000 0 374000
16 Hitech Corporation Limited Shivender Sofat Director of Wholly Owned Subsidiary Any other transaction Professional fees for legal Consultancy 3806000 Approved 3806000 0 0
Total value of transaction during the reporting period 2178679000



Text Block
Textual Information(1) The tenure of the loan as stated in the agreement is repayable on demand