Integrated Filing — IndAS



General information about company
Scrip Code 535601
NSE Symbol SREEL
MSEI Symbol NOTLISTED
ISIN INE099F01013
Name of company SREELEATHERS 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 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 Trading in Footwear and Leather Goods
Start date and time of board meeting 29-May-2025   18:00:00
End date and time of board meeting 29-May-2025   19:50:00
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 2024-08-14
Indicate Company website link for updated RPT policy of the Company https://sreeleathers.com/pages/related_party_transactions
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
Company does not have any loan



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 531528000 2199271000
Other income 9945000 15193000
Total income 541473000 2214464000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 405000000 1648867000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 8229000 32872000
(d) Employee benefit expense 21942000 85042000
(e) Finance costs 918000 4243000
(f) Depreciation, depletion and amortisation expense 3308000 12147000
(f) Other Expenses
1 Other Expenses 29390000 112283000
Total other expenses 29390000 112283000
Total expenses 468787000 1895454000
3 Total profit before exceptional items and tax 72686000 319010000
4 Exceptional items 0 0
5 Total profit before tax 72686000 319010000
6 Tax expense
7 Current tax 19909000 93973000
8 Deferred tax -171000 -676000
9 Total tax expenses 19738000 93297000
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 52948000 225713000
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 52948000 225713000
17 Other comprehensive income net of taxes 61268000 206839000
18 Total Comprehensive Income for the period 114216000 432552000
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 231550000 231550000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.29 9.75
Diluted earnings (loss) per share from continuing operations 2.29 9.75
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 2.29 9.75
Diluted earnings (loss) per share from continuing and discontinued operations 2.29 9.75
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 above audited financial results have been reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 29th May, 2025 . n n2. These results have been prepared in accordance with the IndAS notified under the companies (Indian Accounting Standard) Rules, 2015 (as amended) (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. n n3. The figure for the corresponding (previous year) periods have been regrouped/rearranged wherever necessary to make them comparable. n n4. The company has only one segment, therefore segment reporting under IndAS 108 is not required. n n5. The figure for the quarter ended 31st March,2025 are the balancing figure between the audited figure in respect of full current financial year and the results published upto the third quarter ended,31st December, 2024.



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 1492689000
Capital work-in-progress 0
Investment property 17798000
Goodwill 12191000
Other intangible assets 0
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 3148916000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 1770000
Total non-current financial assets 3150686000
Deferred tax assets (net) 0
Other non-current assets 38000
Total non-current assets 4673402000
2 Current assets
Inventories 92201000
Current financial asset
Current investments 0
Trade receivables, current 4719000
Cash and cash equivalents 52626000
Bank balance other than cash and cash equivalents 26056000
Loans, current 0
Other current financial assets 6390000
Total current financial assets 89791000
Current tax assets (net) 4259000
Other current assets 0
Total current assets 186251000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4859653000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 231550000
Other equity 4389441000
Total equity attributable to owners of parent 4620991000
Non controlling interest
Total equity 4620991000
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 34343000
Total non-current financial liabilities 34343000
Provisions, non-current 2342000
Deferred tax liabilities (net) 81237000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 117922000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 54982000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 18308000
Total Trade payable 73290000
Other current financial liabilities 17129000
Total current financial liabilities 90419000
Other current liabilities 24545000
Provisions, current 2157000
Current tax liabilities (Net) 3619000
Deferred government grants, Current 0
Total current liabilities 120740000
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 238662000
Total equity and liabilites 4859653000
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 Investment in Equity Instruments through OCI 70021000 238665000
2 Measurement of Defined Employee Benefit plans 678000 678000
Total Amount of items that will not be reclassified to profit and loss 70699000 239343000
2 Income tax relating to items that will not be reclassified to profit or loss 9431000 32504000
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 61268000 206839000



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 319010000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4243000
Adjustments for decrease (increase) in inventories 32871000
Adjustments for decrease (increase) in trade receivables, current -711000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -4357000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -4890000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 5672000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 12147000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1408000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 2809000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 4180000
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 -4000
Other adjustments to reconcile profit (loss) -9000
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) 44999000
Net cash flows from (used in) operations 364009000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 91582000
Other inflows (outflows) of cash 244000
Net cash flows from (used in) operating activities 272671000
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 673000
Purchase of property, plant and equipment 26596000
Proceeds from sales of investment property 655318000
Purchase of investment property 925686000
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 4180000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 24467000
Net cash flows from (used in) investing activities -267644000
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 1911000
Payments of lease liabilities 5256000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -7167000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -2140000
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 -2140000
Cash and cash equivalents cash flow statement at beginning of period 54766000
Cash and cash equivalents cash flow statement at end of period 52626000





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 K.Rungta & Co. Yes 31-Aug-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 SREELEATHERS LIMITED M/S SREELEATHERS DIRECTOR INTERESTED Sale of goods or services 248000 NIL 248000 0 0
2 SREELEATHERS LIMITED SUMANTA SUSANTA EXPORTS PVT LTD DIRECTOR INTERESTED Purchase of goods or services 358000 NIL 358000 0 0
3 SREELEATHERS LIMITED M/S SREELEATHERS DIRECTOR INTERESTED Purchase of goods or services 1949000 NIL 1949000 0 0
4 SREELEATHERS LIMITED M/S SREELEATHERS DIRECTOR INTERESTED Any other transaction Advertisement Expense Received 10647000 NIL 10647000 0 0
5 SREELEATHERS LIMITED SATYABRATA DEY Managing Director Remuneration 12000000 NIL 12000000 0 0
6 SREELEATHERS LIMITED SUJAY BHATTACHERJEE KMP Any other transaction Salary 636000 NIL 636000 84000 84000
7 SREELEATHERS LIMITED BIJOY KUMAR ROY KMP Any other transaction Salary 491000 NIL 491000 71000 37000
8 SREELEATHERS LIMITED SOHAM DEY Relative of Managing Director Any other transaction Rent Paid 6855000 NIL 6855000 0 0
Total value of transaction during the reporting period 33184000