Integrated Filing — IndAS



General information about company
Scrip Code 541276
NSE Symbol HARDWYN
MSEI Symbol NOTLISTED
ISIN INE626Z01029
Name of company Hardwyn India 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 07-Jun-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-Jun-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 Furniture, Home Furnishing
Start date and time of board meeting 07-Jun-2025   16:30:00
End date and time of board meeting 07-Jun-2025   17:00:00
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? No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
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
NA n



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 362962000 1415600000
Other income 3579000 7398000
Total income 366541000 1422998000
2 Expenses
(a) Cost of materials consumed 16632000 47879000
(b) Purchases of stock-in-trade 304923000 1218270000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -5538000 -81038000
(d) Employee benefit expense 8176000 28961000
(e) Finance costs 2848000 11748000
(f) Depreciation, depletion and amortisation expense 4182000 16340000
(f) Other Expenses
1 Other Expenses 10457000 28666000
Total other expenses 10457000 28666000
Total expenses 341680000 1270826000
3 Total profit before exceptional items and tax 24861000 152172000
4 Exceptional items 0 0
5 Total profit before tax 24861000 152172000
6 Tax expense
7 Current tax 7775000 45732000
8 Deferred tax -287000 -1055000
9 Total tax expenses 7488000 44677000
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 17373000 107495000
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 17373000 107495000
17 Other comprehensive income net of taxes 257000 257000
18 Total Comprehensive Income for the period 17630000 107752000
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 488434000 488434000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 3442467000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.04 0.22
Diluted earnings (loss) per share from continuing operations 0.04 0.22
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 0.04 0.22
Diluted earnings (loss) per share from continuing and discontinued operations 0.04 0.22
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 33879000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 4814000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 3483518000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 3483518000
Deferred tax assets (net) 1647000
Other non-current assets 114000
Total non-current assets 3523972000
2 Current assets
Inventories 538978000
Current financial asset
Current investments 0
Trade receivables, current 315133000
Cash and cash equivalents 1362000
Bank balance other than cash and cash equivalents 17807000
Loans, current 0
Other current financial assets 0
Total current financial assets 334302000
Current tax assets (net) 16348000
Other current assets 79050000
Total current assets 968678000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4492650000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 488434000
Other equity 3442467000
Total equity attributable to owners of parent 3930901000
Non controlling interest
Total equity 3930901000
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
(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 0
Provisions, non-current 0
Deferred tax liabilities (net) 912000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 912000
Current liabilities
Current financial liabilities
Borrowings, current 91429000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 229895000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 105364000
Total Trade payable 335259000
Other current financial liabilities 5246000
Total current financial liabilities 431934000
Other current liabilities 83143000
Provisions, current 28000
Current tax liabilities (Net) 45732000
Deferred government grants, Current 0
Total current liabilities 560837000
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 561749000
Total equity and liabilites 4492650000
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 tTotal Amount of items that will not be reclassified to profit and loss 362000 362000
Total Amount of items that will not be reclassified to profit and loss 362000 362000
2 Income tax relating to items that will not be reclassified to profit or loss 105000 105000
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 257000 257000



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 152172000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 11748000
Adjustments for decrease (increase) in inventories -81038000
Adjustments for decrease (increase) in trade receivables, current -4166000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 15344000
Adjustments for decrease (increase) in other non-current assets -7000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -95772000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 41937000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 16340000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 4134000
Adjustments for provisions, non-current -2000
Adjustments for other financial liabilities, current 0
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 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 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -91482000
Net cash flows from (used in) operations 60690000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 45732000
Other inflows (outflows) of cash -856000
Net cash flows from (used in) operating activities 14102000
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 0
Purchase of property, plant and equipment 5846000
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 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -5846000
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 12291000
Repayments of borrowings 0
Payments of lease liabilities 6132000
Dividends paid 0
Interest paid 11748000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -5589000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2667000
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 2667000
Cash and cash equivalents cash flow statement at beginning of period 16501000
Cash and cash equivalents cash flow statement at end of period 19168000





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 S.S. Periwal & Co. Yes 31-Dec-2026


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 HARDWYN INDIA LIMITED RUBALJEET SINGH SAYAL MANAGING DIRECTOR Remuneration Yes It is approvedt 18120000000 108120000000 90000000000
2 HARDWYN INDIA LIMITED RUBALJEET SINGH SAYAL DIRECTOR Any other transaction Rent Paid Yes It is approvedt 44000000000 54000000000 10000000000
3 HARDWYN INDIA LIMITED TANYA SAYAL NON EXECUTIVE DIRECTOR Remuneration Yes It is approvedt 32000000000 32636000000 636000000
4 HARDWYN INDIA LIMITED TANYA SAYAL NON EXECUTIVE DIRECTORt Any other transaction Rent Paid Yes It is approvedt 105931400000 0 53127500000
5 HARDWYN INDIA LIMITED HARPREET KAUR SAYAL Mrs. HARPREET KAUR SAYAL WIFE OF Mr. Swaranjeet singh Sayal Director of Company Any other transaction Rent Paid Yes It is approvedt 158724500000 131190300000 27534200000
6 HARDWYN INDIA LIMITED RUBALJEET SINGH SAYAL MANAGING DIRECTOR Any other transaction Rent Paid Yes It is approvedt 54000000000 27200000000 38000000000
7 HARDWYN INDIA LIMITED SWARANJEET SINGH SAYAL DIRECTOR Any other transaction Rent Paid Yes It is approvedt 51840000000 0 0
8 HARDWYN INDIA LIMITED KITCHEN INDIA INC Proprietor Mrs. SUKHLEEN KAUR SAYAL WIFE OF MR. RUBAL JEET SINGH SAYAL Managing Director of the Company Any other transaction Receipts Yes It is approvedt 0 0 0
9 HARDWYN INDIA LIMITED FIBA HARDWYN LOCKS LTD Mrs. SUKHLEEN KAUR SAYAL Director of M/s. Fiba Hardwyn Locks Ltd W/o. MR. RUBAL JEET SINGH SAYAL ( Managing Director of Hardwyn India Ltd) Purchase of goods or services Yes It is approvedt 6870098000000 6857597890000 12500000000
10 HARDWYN INDIA LIMITED HARDWYN INDIA INC Proprietor Mr. Rubaljeet singh Sayal Managing Director of the Hardwyn India Ltd Purchase of goods or services Yes It is approvedt 336234500000 0 0
11 HARDWYN INDIA LIMITED HARDWYN INDIA INCt Proprietor Mr. Rubaljeet singh Sayal Managing Director of the Hardwyn India Ltd Sale of goods or services Yes It is approvedt 12918459400000 4237394278000 0
12 HARDWYN INDIA LIMITED HARDWYN INDIA INCt Proprietor Mr. Rubaljeet singh Sayal Managing Director of the Hardwyn India Ltd Any other transaction Rent of Vehicles Yes It is approvedt 0 10530000000 10530000000
13 HARDWYN INDIA LIMITED HARDWYN INDUSTRIAL TRADING CORPORATION Proprietor Mr. Swaranjeet singh Sayal Director of the Hardwyn India Ltd Purchase of goods or services Yes It is approvedt 17038000000 17038000000 0
14 HARDWYN INDIA LIMITED FIBA HARDWYN LOCKS LTD Mrs. SUKHLEEN KAUR SAYAL Director of M/s. Fiba Hardwyn Locks Ltd W/o. MR. RUBAL JEET SINGH SAYAL ( Managing Director of Hardwyn India Ltd) Any other transaction Other Yes It is approvedt 0 348181804400000 348181804400000
15 HARDWYN INDIA LIMITED SLIMX INTERIOR SOLUTIONS PVT LTD Director of Slimx Mrs. SUKHLEEN KAUR SAYAL of W/o. MR. RUBAL JEET SINGH SAYAL ( Director of Hardwyn India Ltd) Any other transaction Other Yes It is approvedt 43902900000 0 0
16 HARDWYN INDIA LIMITED RUBALJEET SINGH SAYAL MANAGING DIRECTORt Loan Yes It is approvedt 3002814300000 761193700000 3764008000000
Total value of transaction during the reporting period 23653163000000