INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol DHARIWAL
MSEI Symbol NOTLISTED
ISIN INE0YRN01017
Name of Company Dhariwalcorp Limited
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-11-2025   17:00:00
End date and time of board meeting 14-11-2025   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 Not applicable
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
(III) 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? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results — Other than Bank

Amount in (Lakhs)

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 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 11,866.45 11,866.45
Other income 157.73 157.73
Total Income 12,024.18 12,024.18
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 12,195.67 12,195.67
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (830.22) (830.22)
(d) Employee benefit expense 48.66 48.66
(e) Finance costs 78.98 78.98
(f) Depreciation and amortisation expense 17.97 17.97
(g) Other Expenses
1 Other Expenses 95.48 95.48
Total other expenses 95.48 95.48
Total expenses 11,606.54 11,606.54
3 Profit before exceptional and extraordinary items and tax 417.64 417.64
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 417.64 417.64
6 Extraordinary items 0.00 0.00
7 Profit before tax 417.64 417.64
8 Tax Expense
Current tax 108.59 108.59
Deferred tax 0.00 0.00
Total tax expenses 108.59 108.59
9 Net Profit Loss for the period from continuing operations 309.05 309.05
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 309.05 309.05
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 309.05 309.05
17 Details of equity share capital
Paid-up equity share capital 895.14 895.14
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.45 3.45
Diluted earnings (loss) per share from continuing and discontinued operations 3.53 3.53
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 417.64
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 78.98
Adjustments for depreciation and amortisation expense 17.97
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 96.95
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (713.30)
Adjustments for decrease (increase) in trade receivables 157.21
Adjustments for decrease (increase) in other current assets 419.69
Adjustments for increase (decrease) in trade payables (828.10)
Adjustments for increase (decrease) in other current liabilities (203.49)
Adjustments for provisions (18.69)
Total adjustments for working capital (1,186.68)
Total adjustments for reconcile profit (loss) (1,089.73)
Net cash flows from (used in) operations (672.09)
Dividends received 0.00
Interest paid 0.00
Interest received (1.15)
Income taxes paid (refund) 96.09
Other inflows (outflows) of cash (2.99)
Net cash flows from (used in) operating activities before extraordinary items (772.32)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (772.32)
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment 316.80
Purchase of property plant and equipment 111.28
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 167.04
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1.15
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.19
Proceeds from government grants 2.99
Net cash flows from (used in) investing activities before extraordinary items 376.89
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities 376.89
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 172.68
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 313.15
Repayments of borrowings 0.00
Dividends paid 0.00
Interest paid 78.98
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items 406.85
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 406.85
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 11.42
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 11.42
Cash and cash equivalents cash flow statement at beginning of period 7.11
Cash and cash equivalents cash flow statement at end of period 18.53


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 895.14
Reserves and surplus 2,875.76
Money received against share warrants 172.68
Total shareholders' funds 3,943.58
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 441.98
Deferred tax liabilities (net) 48.03
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities 0.00
Long-term provisions 0.00
Total non-current liabilities 490.01
6 Current liabilities
Short-term borrowings 1,013.08
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 952.90
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 952.90
Other current liabilities 25.42
Short-term provisions 96.09
Total current liabilities 2,087.49
Total equity and liabilities 6,521.08
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 694.88
Producing properties 0.00
Intangible assets 0.68
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 348.06
Intangible assets under development or work-in-progress 0.00
Total Property, Plant and Equipment and Intangible assets 1,043.62
ii Non-current investments 53.81
v Deferred tax assets (net) 0.00
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 1.36
viii Other non-current assets 0.00
Total non-current assets 1,098.79
Current assets
Current investments 0.00
Inventories 3,373.19
Trade receivables 1,536.85
Cash and cash equivalents 18.53
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 81.46
Other current assets 412.26
Total current assets 5,422.29
Total assets 6,521.08
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Wax 10,829.68 10,829.68
2 Agro 1,036.77 1,036.77
Total Segment Revenue 11,866.45 11,866.45
Less: Inter segment revenue
Revenue from operations 11,866.45 11,866.45
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Wax 456.64 456.64
2 Agro 44.34 44.34
Total Profit before tax 500.98 500.98
i. Finance cost 78.98 78.98
ii. Other Unallocable Expenditure net off Unallocable income 4.36 4.36
Profit before tax 417.64 417.64
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Wax 3,546.20 3,546.20
2 Agro 1,432.78 1,432.78
3 Wax 3,546.20 3,546.20
4 Agro 1,432.78 1,432.78
Total Segment Asset 4,978.98 4,978.98
Un-allocable Assets 1,542.10 1,542.10
Net Segment Asset 6,521.08 6,521.08
4 Segment Liabilities
Segment Liabilities
1 Wax 1,897.24 1,897.24
2 Agro 315.60 315.60
3 Wax 1,897.24 1,897.24
4 Agro 315.60 315.60
Total Segment Liabilities 2,212.84 2,212.84
Un-allocable Liabilities 364.67 364.67
Net Segment Liabilities 2,577.51 2,577.51
Disclosure of notes on segments




Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 06-08-2024
Amount Raised 2,514.74
Report filed for Quarter ended 30-09-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding Capital Expenditure towards construction of Warehouse NA 810.00 0.00 338.81 0.00
2 Funding the working capital requirements NA 800.00 0.00 800.00 0.00
3 General Corporate Purposes NA 613.91 0.00 613.91 0.00
4 Issue related expenses NA 290.83 0.00 290.83 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 16-07-2025
Amount Raised 172.68
Report filed for Quarter ended 30-09-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Working Capital requirement NA 172.68 0.00 172.68 0.00


Signatory Details

Name of signatory JINESH JAIN
Designation of person Chief Financial Officer
Place JODHPUR
Date 14-11-2025


Amount in (Lakhs)

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 DHARIWALCORP LIMITED MANISH DHARIWAL MANAGING DIRECTOR AND PROMOTER Any other transaction RENT EXPENSES 100.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Amounts reported are exclusive of GST wherever applicable. 0.45 0.00 0.00
2 DHARIWALCORP LIMITED VIDHAN INDUSTRIES PROPRIETORSHIP FIRM OF SHAKSHI DHARIWAL (WHOLE TIME DIRECTOR AND PROMOTER) Any other transaction RENT EXPENSES 100.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Amounts reported are exclusive of GST wherever applicable. 9.45 0.00 0.00
3 DHARIWALCORP LIMITED Dhariwal Lac and Thread Factory PARTNERSHIP FIRM OF MANISH DHARIWAL AND DILIP DHARIWAL Any other transaction RENT EXPENSES 100.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Amounts reported are exclusive of GST wherever applicable. 5.40 0.00 0.00
4 DHARIWALCORP LIMITED MANISH DHARIWAL MANAGING DIRECTOR AND PROMOTER Remuneration 0.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Remuneration is approved by the Board of Directors on the recommendation of Nomination and Remuneration Committee. 3. Amounts reported are exclusive of GST wherever applicable. 18.00 0.00 3.80
5 DHARIWALCORP LIMITED SHAKSHI DHARIWAL WHOLE TIME DIRECTOR AND PROMOTER Remuneration 0.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Remuneration is approved by the Board of Directors on the recommendation of Nomination and Remuneration Committee. 3. Amounts reported are exclusive of GST wherever applicable. 6.00 0.00 0.00
6 DHARIWALCORP LIMITED DILIP DHARIWAL DIRECTOR AND PROMOTER Remuneration 0.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Remuneration is approved by the Board of Directors on the recommendation of Nomination and Remuneration Committee. 3. Amounts reported are exclusive of GST wherever applicable. 6.00 0.90 1.14
7 DHARIWALCORP LIMITED JINESH JAIN KEY MANAGERIAL PERSONNEL Remuneration 0.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Remuneration is approved by the Board of Directors on the recommendation of Nomination and Remuneration Committee. 3. Amounts reported are exclusive of GST wherever applicable. 2.40 0.81 1.61
8 DHARIWALCORP LIMITED VIKAS JAIN SENIOR MANAGERIAL PERSONNEL Remuneration 0.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Remuneration is approved by the Board of Directors on the recommendation of Nomination and Remuneration Committee. 3. Amounts reported are exclusive of GST wherever applicable. 3.12 0.36 0.38
9 DHARIWALCORP LIMITED SALONI KACHHWAHA KEY MANAGERIAL PERSONNEL Remuneration 0.00 Notes:- 1. Value of the transaction approved by the audit committee pertains to entire financial year 2025-26. 2. Remuneration is approved by the Board of Directors on the recommendation of Nomination and Remuneration Committee. 3. Amounts reported are exclusive of GST wherever applicable. 1.02 0.15 0.12
Total value of transaction during the reporting period 51.84