Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol SALONA
MSEI Symbol NOTLISTED
ISIN INE498E01010
Name of company SALONA COTSPIN 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 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-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 TEXTILES
Start date and time of board meeting 28-May-2025   14:30:00
End date and time of board meeting 28-May-2025   18:30:00
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 2022-05-22
Indicate Company website link for updated RPT policy of the Company www.salonacotspin.com
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 1477918000 6621564000
Other income -346000 1549000
Total income 1477572000 6623113000
2 Expenses
(a) Cost of materials consumed 308373000 1238578000
(b) Purchases of stock-in-trade 961261000 4430236000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -48691000 1085000
(d) Employee benefit expense 43343000 143639000
(e) Finance costs 51204000 188486000
(f) Depreciation, depletion and amortisation expense 23088000 77384000
(f) Other Expenses
1 Other Expenses 153815000 488353000
Total other expenses 153815000 488353000
Total expenses 1492393000 6567761000
3 Total profit before exceptional items and tax -14821000 55352000
4 Exceptional items 0 0
5 Total profit before tax -14821000 55352000
6 Tax expense
7 Current tax -2480000 9233000
8 Deferred tax 16825000 14788000
9 Total tax expenses 14345000 24021000
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 -29166000 31331000
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 -29166000 31331000
17 Other comprehensive income net of taxes 2023000 2023000
18 Total Comprehensive Income for the period -27143000 33354000
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 52624000 52624000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 772482000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -5.54 5.95
Diluted earnings (loss) per share from continuing operations -5.54 5.95
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 -5.54 5.95
Diluted earnings (loss) per share from continuing and discontinued operations -5.54 5.95
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 Company's main business is manufacture and sale of textiles. There is no other reportable segments. n n2.The above results for full financial year and for quarter ended March 31, 2025 has been reviewed and nrecommended by the Audit Committee and approved by the Board at their meeting held on May 28, 2025. The statement of financial results for full year have been audited and results for quarter ended March 31, 2025 has been reviewed by the Statutory Auditors of the Company. The statutory auditors have issued an unmodified opinion on the financial results. n n3. The statement includes the results for the quarter and year ended March 31, 2025 and March 31, 2024 being the balancing figure in respect of full FY and the published year to date figures upto 3rd quarter. Refer Note 2. n n4.The financial results have been prepared in accordance with Ind AS u/s 133 of Companies Act, 2013 read with relevant rules thereunder and in terms of SEBI (LODR) Reg, 2015. n n5. Previous period figures have been regrouped/re-classified wherever necessary, to confirm with the current period classification/presentation/ n n6. The Company does not have any subsidiary/Associate/Joint venture as on March 31, 2025 n n7. The Statement of Assets & Liabilites and Cash flow statement as at march 31, 2025 is given as Annexure. 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 1062684000
Capital work-in-progress 181937000
Investment property 0
Goodwill 1857000
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 49000
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 1500000
Other non-current financial assets
Total non-current financial assets 1500000
Deferred tax assets (net)
Other non-current assets 30816000
Total non-current assets 1278843000
2 Current assets
Inventories 657972000
Current financial asset
Current investments 0
Trade receivables, current 1172025000
Cash and cash equivalents 1122000
Bank balance other than cash and cash equivalents 20014000
Loans, current 0
Other current financial assets 798000
Total current financial assets 1193959000
Current tax assets (net) 56310000
Other current assets 357867000
Total current assets 2266108000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3544951000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 53289000
Other equity 772482000
Total equity attributable to owners of parent 825771000
Non controlling interest
Total equity 825771000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 649223000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 26759000
Total Trade payable 26759000
Other non-current financial liabilities
Total non-current financial liabilities 675982000
Provisions, non-current 14210000
Deferred tax liabilities (net) 60526000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 750718000
Current liabilities
Current financial liabilities
Borrowings, current 1736872000
Trade payables, 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 134980000
Total Trade payable 134980000
Other current financial liabilities
Total current financial liabilities 1871852000
Other current liabilities 92227000
Provisions, current 4383000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1968462000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 2719180000
Total equity and liabilites 3544951000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) 1.The Company's main business is manufacture and sale of textiles. There is no other reportable segments. n n2.The above results for full financial year and for quarter ended March 31, 2025 has been reviewed and nrecommended by the Audit Committee and approved by the Board at their meeting held on May 28, 2025. The statement of financial results for full year have been audited and results for quarter ended March 31, 2025 has been reviewed by the Statutory Auditors of the Company. The statutory auditors have issued an unmodified opinion on the financial results. n n3. The statement includes the results for the quarter and year ended March 31, 2025 and March 31, 2024 being the balancing figure in respect of full FY and the published year to date figures upto 3rd quarter. Refer Note 2. n n4.The financial results have been prepared in accordance with Ind AS u/s 133 of Companies Act, 2013 read with relevant rules thereunder and in terms of SEBI (LODR) Reg, 2015. n n5. Previous period figures have been regrouped/re-classified wherever necessary, to confirm with the current period classification/presentation/ n n6. The Company does not have any subsidiary/Associate/Joint venture as on March 31, 2025 n n7. The Statement of Assets & Liabilites and Cash flow statement as at march 31, 2025 is given as Annexure. n



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 Other comprehensive income 2805000 2805000
Total Amount of items that will not be reclassified to profit and loss 2805000 2805000
2 Income tax relating to items that will not be reclassified to profit or loss 782000 782000
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 2023000 2023000



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 55352000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 188486000
Adjustments for decrease (increase) in inventories -64780000
Adjustments for decrease (increase) in trade receivables, current 269251000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -97000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 6383000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 15164000
Adjustments for increase (decrease) in trade payables, non-current 65663000
Adjustments for increase (decrease) in other current liabilities 20568000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 77384000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -1436000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current -472000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income -1000
Adjustments for interest income -1507000
Adjustments for share-based payments -41000
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) 4660000
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) 582241000
Net cash flows from (used in) operations 637593000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 637593000
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 0
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 100000
Purchase of property, plant and equipment 262798000
Proceeds from sales of investment property 58000
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 1507000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -261133000
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 40055000
Repayments of borrowings 222014000
Payments of lease liabilities 0
Dividends paid 5262000
Interest paid 188486000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -375707000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 753000
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 753000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period 753000





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 M/s Gopalaiyer & Subramaniam Yes 28-Feb-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 Salona Cotspin Limited Shyamlal Agarwala Chairman and Managing Director Remuneration 9600000 Approved 2400000 0 0
2 Salona Cotspin Limited Manoj Kumar Jhajharia Joint Managing Director Remuneration 7200000 Approved 1800000 0 0
3 Salona Cotspin Limited Arunkumar Jhajharia Executive Director Remuneration 3000000 Approved 1500000 0 0
4 Salona Cotspin Limited Pramod Kumar Jhajharia Chief Executive Remuneration 1200000 Approved 600000 0 0
5 Salona Cotspin Limited Shristi Cotspinn Private Limited Common Promoters Sale of goods or services 2000000000 Approved 45257000 0 0
6 Salona Cotspin Limited Shristi Cotspinn Private Limited Common Promoters Purchase of goods or services 2000000000 Approved 42959000 0 0
7 Salona Cotspin Limited Aman Vedanth Agarwal Related Party Any other transaction Rent 960000 Approved 480000 0 0
8 Salona Cotspin Limited Raghav Agarwal Director Remuneration 3000000 Approved 1500000 0 0
9 Salona Cotspin Limited Aman Vedanth Agarwal Executive Remuneration 600000 Approved 500000 0 0
10 Salona Cotspin Limited Shyamlal Agarwala Chairman and Managing Director Any other transaction Perquisites 4800000 Approved 4800000 0 0
11 Salona Cotspin Limited Manoj Kumar Jhajharia Joint Managing Director Any other transaction Perquisites 3600000 Approved 3600000 0 0
Total value of transaction during the reporting period 105396000