INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SDREAMS
MSEI Symbol NOTLISTED
ISIN INE0X6F01017
Name of Company S D RETAIL 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 19-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
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 Manufacturing and Trading of garments
Start date and time of board meeting 19-05-2026   12:15:00
End date and time of board meeting 19-05-2026   14:50:00
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
(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? Yes
Latest Date on which RPT policy is updated 20-06-2024
Indicate Company website link for updated RPT policy of the Company https://cdn.shopify.com/s/files/1/0490/3331/4465/files/7.Policy_on_Related_Party_Transactions.pdf?v=1719817913
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 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and circulars issued thereunder, we wish to inform that: S D RETAIL LIMITED, a company listed on the NSE SME Platform, has neither issued any debt securities nor availed any loan facilities from banks or financial institutions that are currently in default. The Company deals solely in equity shares and, as on date, there is no instance of default in repayment of any borrowings or interest thereon.


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 01-10-2025 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 11,767.62 19,597.54
Other income 64.84 234.81
Total Income 11,832.46 19,832.35
2 Expenses
(a) Cost of materials consumed 6,089.68 10,565.80
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (447.05) (1,440.70)
(d) Employee benefit expense 977.31 1,838.13
(e) Finance costs 73.40 263.82
(f) Depreciation and amortisation expense 18.58 179.21
(g) Other Expenses
1 Rent, Repair, Maintenance, Extra Discount, Commission, Power, Fuel, Professional Consultancy fess, Auditor's Remuneration and others 3,712.56 6,981.21
Total other expenses 3,712.56 6,981.21
Total expenses 10,424.48 18,387.47
3 Profit before exceptional and extraordinary items and tax 1,407.98 1,444.88
4 Exceptional items (118.12) (118.12)
5 Profit before extraordinary items and tax 1,289.86 1,326.76
6 Extraordinary items 0.00 0.00
7 Profit before tax 1,289.86 1,326.76
8 Tax Expense
Current tax 333.80 376.42
Deferred tax (8.78) (27.58)
Total tax expenses 325.02 348.84
9 Net Profit Loss for the period from continuing operations 964.84 977.92
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 964.84 977.92
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 964.84 977.92
17 Details of equity share capital
Paid-up equity share capital 1,872.24 1,872.24
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 0.00
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.15 5.22
Diluted earnings (loss) per share from continuing and discontinued operations 5.15 5.22
20 Debt equity ratio 0.1400 0.1400
21 Debt service coverage ratio 20.1800 7.100
22 Interest service coverage ratio 20.1800 6.4800
23 Disclosure of notes on financial results Textual Information(1)


Text Block

Textual Information(1) Face value is written in actual Figures


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 31-03-2026
C Whether results are audited or unaudited Audited
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 1,326.76
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 37.11
Adjustments for depreciation and amortisation expense 179.21
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) 2.77
Other adjustments for non-cash items (3.86)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 215.23
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (1,390.66)
Adjustments for decrease (increase) in trade receivables (179.80)
Adjustments for decrease (increase) in other current assets (682.66)
Adjustments for increase (decrease) in trade payables 412.05
Adjustments for increase (decrease) in other current liabilities 42.25
Adjustments for provisions 112.57
Total adjustments for working capital (1,686.25)
Total adjustments for reconcile profit (loss) (1,471.02)
Net cash flows from (used in) operations (144.26)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 442.89
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities before extraordinary items (587.15)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (587.15)
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 0.00
Purchase of property plant and equipment 642.69
Proceeds from sales of intangible assets 34.44
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 0.00
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 223.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 2,797.81
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items 2,412.96
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities 2,412.96
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 16.55
Repayments of borrowings 1,696.18
Dividends paid 0.00
Interest paid 263.83
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items (1,943.46)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities (1,943.46)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (117.65)
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 (117.65)
Cash and cash equivalents cash flow statement at beginning of period 322.38
Cash and cash equivalents cash flow statement at end of period 204.73


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 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,872.24
Reserves and surplus 10,148.92
Money received against share warrants
Total shareholders' funds 12,021.16
2 Share application money pending allotment 0.00
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 21.25
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Total of Other long-term liabilities
Long-term provisions 106.22
Total non-current liabilities 127.47
6 Current liabilities
Short-term borrowings 1,604.79
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 1,399.97
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 461.18
Total Trade payable 1,861.15
Other current liabilities
1 Other current Liabilities 1,639.89
Total of Other long-term liabilities 1,639.89
Short-term provisions 96.58
Total current liabilities 5,202.41
Total equity and liabilities 17,351.04
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 1,095.71
Producing properties
Intangible assets 7.09
Preproducing properties
Property, Plant and Equipment capital work-in-progress
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 1,102.80
ii Non-current investments 0.00
v Deferred tax assets (net) 154.50
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 48.96
Other non-current assets
1 Other Non current assets 2,716.49
Total of Other non-current assets 2,716.49
Total non-current assets 4,022.75
Current assets
Current investments 0.00
Inventories 4,406.18
Trade receivables 8,153.00
Cash and cash equivalents 204.73
Bank balance other than cash and cash equivalents 37.90
Short-term loans and advances 473.03
Other current assets
1 Other current assets 53.45
Total of Other current assets 53.45
Total current assets 13,328.29
Total assets 17,351.04
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1)


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 01-10-2025 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results 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
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

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 kkc and associates llp Yes 31-07-2027


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 27-09-2024
Amount Raised 6,497.60
Report filed for Quarter ended 31-03-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders No
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Utilisation of balance IPO proceeds beyond the originally envisaged timeline of 31 March 2026 has been approved by the Board of Directors, and the Company shall utilise the balance proceeds within the revised timeline.
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
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 Capital expenditure to be incurred by our Company for setting up new exclusive brand outlets (“EBOs”) Not applicable 1,648.85 0.00 583.22 1,065.63
2 Funding Working Capital Requirement Not applicable 3,500.00 0.00 3,010.00 490.00
3 General Corporate Expenses Not applicable 893.01 0.00 648.64 244.37


Signatory Details

Name of signatory POOJABEN SHAH
Designation of person Company Secretary and Compliance Officer
Place AHMEDABAD
Date 19-05-2026


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 S D RETAIL LIMITED HITESH PRAVINCHANDRA RUPARELIA KMP Remuneration 170.00 Approved 169.81 0.00 0.00
2 S D RETAIL LIMITED HITESH PRAVINCHANDRA RUPARELIA KMP Interest paid 32.93 Approved 32.93 0.00 0.00
3 S D RETAIL LIMITED HITESH PRAVINCHANDRA RUPARELIA KMP Any other transaction Loan Repaid (Net) 30.00 Approved 30.00 236.20 204.20
4 S D RETAIL LIMITED UTPALBHAI PRAVINCHANDRA RUPARELIA KMP Remuneration 130.00 Approved 129.81 0.00 0.00
5 S D RETAIL LIMITED UTPALBHAI PRAVINCHANDRA RUPARELIA KMP Interest paid 15.01 Approved 15.01 0.00 0.00
6 S D RETAIL LIMITED UTPALBHAI PRAVINCHANDRA RUPARELIA KMP Any other transaction Loan Repaid (Net) 0.00 Approved 0.00 126.10 126.10
7 S D RETAIL LIMITED RITESH SURRENDRA SARAOGI KMP Remuneration 49.84 Approved 49.84 1.80 2.02
8 S D RETAIL LIMITED RITESH SURRENDRA SARAOGI KMP Advance 0.00 Approved 0.00 0.58 0.44
9 S D RETAIL LIMITED POOJABEN SHAH KMP Remuneration 3.81 Approved 3.81 0.28 0.33
10 S D RETAIL LIMITED SAKSHI SINGH CHAUHAN KMP Remuneration 0.00 Approved 0.00 0.00 0.00
11 S D RETAIL LIMITED UTPAL P RUPARELIA HUF Relative of KMP Interest paid 2.74 Approved 2.74 0.00 0.00
12 S D RETAIL LIMITED UTPAL P RUPARELIA HUF Relative of KMP Any other transaction Loan Repaid (Net) 0.00 Approved 0.00 22.85 22.85
13 S D RETAIL LIMITED PRAVIN H RUPARELIA Relative of KMP Any other transaction salary 5.68 Approved 5.68 0.47 0.47
14 S D RETAIL LIMITED PRAVIN H RUPARELIA Relative of KMP Interest paid 1.99 Approved 1.99 0.00 0.00
15 S D RETAIL LIMITED PRAVIN H RUPARELIA Relative of KMP Any other transaction Loan Repaid (Net) 0.00 Approved 0.00 0.00 0.00
16 S D RETAIL LIMITED PARTH U RUPARELIA Relative of KMP Any other transaction salary 30.00 Approved 29.67 1.92 2.03
17 S D RETAIL LIMITED PARTH U RUPARELIA Relative of KMP Advance 0.00 Approved 0.00 2.39 0.00
18 S D RETAIL LIMITED MINA P RUPARELIA Relative of KMP Interest paid 6.95 Approved 6.95 0.00 0.00
19 S D RETAIL LIMITED MINA P RUPARELIA Relative of KMP Any other transaction rent 1.86 Approved 1.86 0.00 0.00
20 S D RETAIL LIMITED MINA P RUPARELIA Relative of KMP Any other transaction Loan Repaid (Net) 0.00 Approved 0.00 0.00 0.00
21 S D RETAIL LIMITED GAURANG H RUPARELIA Relative of KMP Any other transaction salary 18.00 Approved 17.86 0.00 0.00
22 S D RETAIL LIMITED GAURANG H RUPARELIA Relative of KMP Any other transaction payable for expenses 0.00 Approved 0.00 1.49 1.13
23 S D RETAIL LIMITED HINA H RUPARELIA Relative of KMP Interest paid 7.88 Approved 7.88 0.00 0.00
24 S D RETAIL LIMITED HINA H RUPARELIA Relative of KMP Any other transaction Loan Repaid (Net) 0.00 Approved 0.00 0.00 0.00
25 S D RETAIL LIMITED INTIMATE APPARELS PRIVATE LIMITED Enterprise in which KMP have significant influence Any other transaction Payable for Expenses 0.00 Approved 0.00 0.77 0.77
Total value of transaction during the reporting period 505.84