Integrated Filing — IndAS



General information about company
Scrip Code 533638
NSE Symbol FLEXITUFF
MSEI Symbol NOTLISTED
ISIN INE060J01017
Name of company FLEXITUFF VENTURES INTERNATIONAL 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 30-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 Consolidated
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 Technical Textiles
Start date and time of board meeting 30-May-2025   16:00:00
End date and time of board meeting 30-May-2025   23:55:00
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



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 Consolidated Consolidated
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 605776000 2885717000
Other income 20216000 1692114000
Total income 625992000 4577831000
2 Expenses
(a) Cost of materials consumed 269243000 1662730000
(b) Purchases of stock-in-trade 23775000 47340000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 174476000 213887000
(d) Employee benefit expense 222097000 857610000
(e) Finance costs 86147000 310909000
(f) Depreciation, depletion and amortisation expense 62244000 279417000
(f) Other Expenses
1 Other Expenses 194587000 1165453000
2 Prior Period Expenses -161851000 113649000
Total other expenses 32736000 1279102000
Total expenses 870718000 4650995000
3 Total profit before exceptional items and tax -244726000 -73164000
4 Exceptional items 0 0
5 Total profit before tax -244726000 -73164000
6 Tax expense
7 Current tax 0 0
8 Deferred tax -129036000 1323724000
9 Total tax expenses -129036000 1323724000
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 -115690000 -1396888000
12 Profit (loss) from discontinued operations before tax 0 3776022000
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 3776022000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -115690000 2379134000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -115690000 2379134000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 15911000 6957000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 328228000 328228000
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 -3.64 74.85
Diluted earnings (loss) per share from continuing operations -3.64 69.44
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 -3.64 74.85
Diluted earnings (loss) per share from continuing and discontinued operations -3.64 69.44
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2360749000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 451000
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 11000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 86352000
Total non-current financial assets 86363000
Deferred tax assets (net) 528824000
Other non-current assets 50120000
Total non-current assets 3026507000
2 Current assets
Inventories 282079000
Current financial asset
Current investments 0
Trade receivables, current 507360000
Cash and cash equivalents 119254000
Bank balance other than cash and cash equivalents 34686000
Loans, current 0
Other current financial assets 361259000
Total current financial assets 1022559000
Current tax assets (net) 9895000
Other current assets 342196000
Total current assets 1656729000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4683236000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 328228000
Other equity -277993000
Total equity attributable to owners of parent 50235000
Non controlling interest 0
Total equity 50235000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1002608000
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 56927000
Total non-current financial liabilities 1059535000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1059535000
Current liabilities
Current financial liabilities
Borrowings, current 1375905000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 25153000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 791479000
Total Trade payable 816632000
Other current financial liabilities 738584000
Total current financial liabilities 2931121000
Other current liabilities 641384000
Provisions, current 961000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 3573466000
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 4633001000
Total equity and liabilites 4683236000
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 Consolidated Consolidated
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 Consolidated Consolidated
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
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



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 Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -73164000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 424557000
Adjustments for decrease (increase) in inventories 625837000
Adjustments for decrease (increase) in trade receivables, current 150563000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -326129000
Adjustments for decrease (increase) in other non-current assets -423332000
Adjustments for other financial assets, non-current 90426000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -850400000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 167133000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 279417000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 406906000
Adjustments for provisions, non-current -55248000
Adjustments for other financial liabilities, current -1921011000
Adjustments for other financial liabilities, non-current 2123000
Adjustments for unrealised foreign exchange losses gains -1986000
Adjustments for dividend income 0
Adjustments for interest income 21882000
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) -1658509000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 5812000
Total adjustments for reconcile profit (loss) -3105723000
Net cash flows from (used in) operations -3178887000
Dividends received 0
Interest paid 10938000
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -3189825000
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 732723000
Purchase of property, plant and equipment 0
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 3980393000
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 23807000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 4736923000
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 55933000
Proceeds from issuing other equity instruments 45553000
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 -2362363000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 8014000
Income taxes paid (refund) 711215000
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -2980106000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -1433008000
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 -1433008000
Cash and cash equivalents cash flow statement at beginning of period 1552262000
Cash and cash equivalents cash flow statement at end of period 119254000





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 Qualified 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 Mahesh C. Solanki & Co. Yes 30-Apr-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 4577831000 4577831000
2 Total Expenditure 4537346000 5066170000
3 Net Profit/(Loss) 2379135000 1850311000
4 Earnings Per Share 74.85 58.21
5 Total Assets 4683236000 4154412000
6 Total Liabilities 4633001000 4633001000
7 Net Worth 50235000 -478589000


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)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)


Text Block
Textual Information(1) i.tThe Holding Company has carrying deferred tax asset (net) of Rs. 5,288.24 lakhs on its carried forward accumulated losses (including unabsorbed depreciation) and other temporary differences. In accordance with Ind AS 12 on Income Taxes, a deferred tax asset shall be recognised only to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and unused tax losses can be utilised. Due to the material uncertainty on account of financial and operational difficulties as stated in Note 3 to the Statement, we are unable to comment on the recoverability of deferred tax asset and consequential impact, if any, on the Statement.
Textual Information(2) The Company is carrying deferred tax asset (net) of Rs.5,288.24 lakhs as on March 31, 2025. Management is reasonably certain that the Company will earn sufficient taxable profit in future to utilise the Deferred Tax Asset and MAT credit within the time limit prescribed under the Income Tax Act,1961. Accordingly no adjustment is currently considered necessary by the management to the amount of deferred tax assets.
Textual Information(3) According to Managements estimates and assumptions on the projections for Kashipur CGU; the present value of the future cash flows expected to be derived from Kashipur CGU is higher than its carrying value as on March 31, 2025. Thus, in the view of Management, there is no requirement for accounting any impairment loss.
Textual Information(4) Not Applicable
Textual Information(5) The Holding Companys Cash Generating Unit (CGU) viz. Kashipur cluster, has a carrying value of Rs. 23,606.53 lakhs as at 31st March 2025 comprising of tangible and intangible assets. The Holding Company has performed an impairment assessment of the CGU as required under Ind AS 36 Impairment of Assets. The Holding Company is undergoing financial and operational difficulties as stated in Note 3 to the Statement. We are unable to comment on the appropriateness of the assumptions for the projections used in the impairment assessment and consequential impairment provision, if any, to be made in the Statement with regard to the CGU.
Textual Information(6) ii.tThe Holding Companys Cash Generating Unit (CGU) viz. Kashipur cluster, has a carrying value of Rs. 23,606.53 lakhs as at 31st March 2025 comprising of tangible and intangible assets. The Holding Company has performed an impairment assessment of the CGU as required under Ind AS 36 Impairment of Assets. The Holding Company is undergoing financial and operational difficulties as stated in Note 3 to the Statement. We are unable to comment on the appropriateness of the assumptions for the projections used in the impairment assessment and consequential impairment provision, if any, to be made in the Statement with regard to the CGU.
Textual Information(7) The Company is carrying deferred tax asset (net) of Rs.5,288.24 lakhs as on March 31, 2025. Management is reasonably certain that the Company will earn sufficient taxable profit in future to utilise the Deferred Tax Asset and MAT credit within the time limit prescribed under the Income Tax Act,1961. Accordingly no adjustment is currently considered necessary by the management to the amount of deferred tax assets..
Textual Information(8) According to Managements estimates and assumptions on the projections for Kashipur CGU; the present value of the future cash flows expected to be derived from Kashipur CGU is higher than its carrying value as on March 31, 2025. Thus, in the view of Management, there is no requirement for accounting any impairment loss.
Textual Information(9) Not Applicable.
Textual Information(10) The Holding Companys Cash Generating Unit (CGU) viz. Kashipur cluster, has a carrying value of Rs. 23,606.53 lakhs as at 31st March 2025 comprising of tangible and intangible assets. The Holding Company has performed an impairment assessment of the CGU as required under Ind AS 36 Impairment of Assets. The Holding Company is undergoing financial and operational difficulties as stated in Note 3 to the Statement. We are unable to comment on the appropriateness of the assumptions for the projections used in the impairment assessment and consequential impairment provision, if any, to be made in the Statement with regard to the CGU


Signatories detail
Name of CEO / Managing director Mr. Saurabh Kalani
Name of CFO NA
Name of audit committee chairman Mr.Sunil Ramsinghani
Name of statutory auditor Mahesh C Solanki & Company
Name of other signatory, if any, with designation Mr. Rahul Chouhan
Place Pithampur
Date 30-May-2025