Integrated Filing — IndAS



General information about company
Scrip Code 530699
NSE Symbol RAJRILTD
MSEI Symbol NOTLISTED
ISIN INE533D01032
Name of company RAJ RAYON INDUSTRIES 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 29-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 Rayon Industries
Start date and time of board meeting 29-May-2025   13:00:00
End date and time of board meeting 29-May-2025   17:15:00
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 Statement on impact of audit qualification
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 2022-05-05
Indicate Company website link for updated RPT policy of the Company https://www.rajrayon.com/Pdf/Policy%20_Related%20party%20transcation.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 2058451000 8493794000
Other income 26117000 47518000
Total income 2084568000 8541312000
2 Expenses
(a) Cost of materials consumed 1775746000 6826083000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -163012000 98619000
(d) Employee benefit expense 34350000 119955000
(e) Finance costs 26605000 135802000
(f) Depreciation, depletion and amortisation expense 31225000 124401000
(f) Other Expenses
1 Other Expense 305061000 1153817000
Total other expenses 305061000 1153817000
Total expenses 2009975000 8458677000
3 Total profit before exceptional items and tax 74593000 82635000
4 Exceptional items 0 0
5 Total profit before tax 74593000 82635000
6 Tax expense
7 Current tax 0 0
8 Deferred tax -59842000 -55426000
9 Total tax expenses -59842000 -55426000
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 134435000 138061000
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 134435000 138061000
17 Other comprehensive income net of taxes 1217000 1315000
18 Total Comprehensive Income for the period 135652000 139376000
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 556082000 556082000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 418627000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.24 0.25
Diluted earnings (loss) per share from continuing operations 0.17 0.17
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0.24 0.25
Diluted earnings (loss) per share from discontinued operations 0.17 0.17
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.48 0.5
Diluted earnings (loss) per share from continuing and discontinued operations 0.34 0.34
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
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 2124155000
Capital work-in-progress 1014572000
Investment property 0
Goodwill 0
Other intangible assets 303000
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 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 13109000
Total non-current financial assets 13109000
Deferred tax assets (net) 0
Other non-current assets 33864000
Total non-current assets 3186003000
2 Current assets
Inventories 1086643000
Current financial asset
Current investments 0
Trade receivables, current 285792000
Cash and cash equivalents 80281000
Bank balance other than cash and cash equivalents 121000
Loans, current 0
Other current financial assets 0
Total current financial assets 366194000
Current tax assets (net) 9323000
Other current assets 354736000
Total current assets 1816896000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 5002899000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 556082000
Other equity 668627000
Total equity attributable to owners of parent 1224709000
Non controlling interest
Total equity 1224709000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1597187000
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
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 1597187000
Provisions, non-current 1840000
Deferred tax liabilities (net) 2330000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1601357000
Current liabilities
Current financial liabilities
Borrowings, current 777148000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 42601000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1249249000
Total Trade payable 1291850000
Other current financial liabilities 101841000
Total current financial liabilities 2170839000
Other current liabilities 5985000
Provisions, current 9000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2176833000
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 3778190000
Total equity and liabilites 5002899000
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
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 -1627000 -1757000
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 410000 442000
5 Total Other comprehensive income 1217000 1315000



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 82635000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 140814000
Adjustments for decrease (increase) in inventories -62023000
Adjustments for decrease (increase) in trade receivables, current 77365000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 530000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -507000
Adjustments for other financial assets, current -85605000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 94970000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 1690000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 124400000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss -77000
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 14857000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -14742000
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) 0
Other adjustments for non-cash items 3824000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 295496000
Net cash flows from (used in) operations 378131000
Dividends received 0
Interest paid 0
Interest received -8645000
Income taxes paid (refund) -1260000
Other inflows (outflows) of cash -2519000
Net cash flows from (used in) operating activities 368227000
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 450000
Purchase of property, plant and equipment 1053564000
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 8645000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 212648000
Net cash flows from (used in) investing activities -831821000
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 616509000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 142928000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 473581000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 9987000
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 9987000
Cash and cash equivalents cash flow statement at beginning of period 70295000
Cash and cash equivalents cash flow statement at end of period 80282000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Disclaimer of 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
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 BAGARIA & CO. LLP Yes 31-Dec-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 8541312000 8541312000
2 Total Expenditure 8458677000 8458677000
3 Net Profit/(Loss) 138061000 138061000
4 Earnings Per Share 0.25 0.25
5 Total Assets 5002899000 5002899000
6 Total Liabilities 5002899000 5002899000
7 Net Worth 1224709000 1224709000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) The Statement of four inoperative bank accounts which are continuing in the name of the Company from prior to the Corporate Insolvency Resolution Process when the current management was not in charge of the affairs of the Company was not available for verification. nAccordingly, Auditors cannot audit and comment on the impact, if any, on the financial statement arising out of subsequent availability of such pending bank statements.
Textual Information(2) NA
Textual Information(3) NA
Textual Information(4) The Management is in the process to obtain the required information from the Bankers to ascertain the financial impact if any.
Textual Information(5) Agree with management comments


Signatories detail
Name of CEO / Managing director RAJKUMAR SATYANARAYAN AGARWAL
Name of CFO SANDIIP SATYANARAYAN AGARWWAL
Name of audit committee chairman KAILASHNATH JEEVAN KOPPIKAR
Name of statutory auditor BAGARIA & CO. LLP
Name of other signatory, if any, with designation NA
Place Mumbai
Date 29-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 RAJ RAYON INDUSTRIES LIMITED SVG FASHIONS PRIVATE LIMITED PROMOTER Sale of goods or services 9000000000 Approved By Audit Committee with Arms Length and Approved By Mambers at the AGM 187245000 5127000 11933000
2 RAJ RAYON INDUSTRIES LIMITED SVG FASHIONS PRIVATE LIMITED PROMOTER Purchase of goods or services 9000000000 Approved By Audit Committee with Arms Length and Approved By Mambers at the AGM -624000 -56000 0
3 RAJ RAYON INDUSTRIES LIMITED SVG FASHIONS PRIVATE LIMITED PROMOTER Interest paid 9000000000 Approved By Audit Committee with Arms Length and Approved By Mambers at the AGM 0 0 0
4 RAJ RAYON INDUSTRIES LIMITED SVG FASHIONS PRIVATE LIMITED PROMOTER Loan 9000000000 Approved By Audit Committee with Arms Length and Approved By Mambers at the AGM 169003000 -496511000 -327508000 Loan 0.06 more than 1 year Loan 0.06 more than 1 year Unsecured Operations
5 RAJ RAYON INDUSTRIES LIMITED SVG FASHIONS PRIVATE LIMITED PROMOTER Any other transaction Corporate Guarantee Taken 9000000000 Approved By Audit Committee with Arms Length and Approved By Mambers at the AGM 251500000 4620000000 4871500000 Any other Corporate Guarantee Taken 0.1245 more than 1 year
6 RAJ RAYON INDUSTRIES LIMITED SUNFLAG FILAMENTS LIMITED COMPANY IN WHICH DIRECTOR AND PROMOTER ARE INTERESTED Purchase of goods or services 100000000 Approved By Audit Committee with Arms Length and Approved By Mambers at the AGM -576000 18761000 0
7 RAJ RAYON INDUSTRIES LIMITED SUNFLAG FILAMENTS LIMITED COMPANY IN WHICH DIRECTOR AND PROMOTER ARE INTERESTED Purchase of fixed assets 50000000 Approved By Audit Committee with Arms Length -26022000 0 -353000
Total value of transaction during the reporting period 580526000