INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol ESFL
MSEI Symbol NOTLISTED
ISIN INE0ITO01014
Name of Company Essen Speciality Films 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 05-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Apr-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 Manufacturing of Plastic Products
Start date and time of board meeting 05-May-2025   15:30:00
End date and time of board meeting 05-May-2025   16:00:00
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
(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 2023-02-14
Indicate Company website link for updated RPT policy of the Company https://www.essenspeciality.com/investorszone.html
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
Disclosure for the defaults on loans and debt securities is not applicable to the Company as Company has not defaulted in payment of loans or debt securities during the quarter ended March 31, 2025.


Financial Results — Other than Bank
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 Revenue From Operations
Revenue from operations 447061000 1730037000
Other income 6656000 27604000
Total Income 453717000 1757641000
2 Expenses
(a) Cost of materials consumed 336482000 1245002000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -26973000 -213517000
(d) Employee benefit expense 83993000 245327000
(e) Finance costs 5153000 20836000
(f) Depreciation and amortisation expense 15310000 57336000
(g) Other Expenses
1 Other Expenses 84083000 242496000
Total other expenses 84083000 242496000
Total expenses 498048000 1597480000
3 Profit before exceptional and extraordinary items and tax -44331000 160161000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax -44331000 160161000
6 Extraordinary items 0 0
7 Profit before tax -44331000 160161000
8 Tax Expense
Current tax -7883000 46632000
Deferred tax -309000 -3553000
Total tax expenses -8192000 43079000
9 Net Profit Loss for the period from continuing operations -36139000 117082000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest -36139000 117082000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period -36139000 117082000
17 Details of equity share capital
Paid-up equity share capital 248390000 248390000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 1284108000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.45 4.71
Diluted earnings (loss) per share from continuing and discontinued operations -1.45 4.71
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
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
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 160161000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 20836000
Adjustments for depreciation and amortisation expense 57336000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains -9131000
Adjustments for dividend income 7000
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow -524000
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 to profit (loss) 68510000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -343256000
Adjustments for decrease (increase) in trade receivables -46250000
Adjustments for decrease (increase) in other current assets -23484000
Adjustments for increase (decrease) in trade payables 64429000
Adjustments for increase (decrease) in other current liabilities 63475000
Adjustments for provisions 5083000
Total adjustments for working capital -280003000
Total adjustments for reconcile profit (loss) -211493000
Net cash flows from (used in) operations -51332000
Dividends received 0
Interest paid 0
Interest received -25707000
Income taxes paid (refund) 47819000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -124858000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -124858000
4 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 21838000
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 650000
Purchase of property plant and equipment 144860000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 825000
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 7000
Interest received 26401000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 82370000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -58095000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -58095000
Cash flows from used in financing activities
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 174645000
Repayments of borrowings 0
Dividends paid 15524000
Interest paid 20836000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 138285000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 138285000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -44668000
6 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 -44668000
Cash and cash equivalents cash flow statement at beginning of period 46757000
Cash and cash equivalents cash flow statement at end of period 2089000


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
Equity and liabilities
1 Shareholders' funds
Share capital 248390000
Reserves and surplus 1284108000
Money received against share warrants
Total shareholders' funds 1532498000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 0
Deferred tax liabilities (net) 13209000
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 0
Total non-current liabilities 13209000
6 Current liabilities
Short-term borrowings 174645000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 30121000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 68804000
Total Trade payable 98925000
Other current liabilities 83284000
Short-term provisions 19746000
Total current liabilities 376600000
Total equity and liabilities 1922307000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 443501000
Producing properties
Intangible assets 86000
Preproducing properties
Property, Plant and Equipment capital work-in-progress 1319000
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 444906000
ii Non-current investments 27377000
v Deferred tax assets (net)
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 9915000
viii Other non-current assets 7088000
Total non-current assets 489286000
Current assets
Current investments 0
Inventories 740949000
Trade receivables 239019000
Cash and cash equivalents 252918000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 176552000
Other current assets 23583000
Total current assets 1433021000
Total assets 1922307000
Disclosure of notes on assets and liabilities


Format for Reporting Segment 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 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
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 M/s. Rushabh R Shah and Co. Yes 31-Dec-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 03-Jul-2023
Amount Raised 502814000
Report filed for Quarter ended 31-Mar-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 false
Comments of the Audit Committee after review None
Comments of the auditors, if any None
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 Offer expenses in relation to the Fresh Issue No 100666000 0 100666000 0
2 Prepayment or repayment of all or a portion of certain outstanding borrowings No 35391000 0 35391000 0
3 Funding the working capital requirements of our Company No 290000000 0 290000000 0
4 General corporate purposes No 76757000 0 76757000 0


Signatory Details
Name of signatory Pallav Kishorbhai Doshi
Designation of person Director
Place Veraval (Shapar)
Date 05-May-2025


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 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 Essen Speciality Films Limited Rajoo Innovation Centre LLP Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Sale of goods or services - 647000 26901000 2527000
2 Essen Speciality Films Limited Rajoo Innovation Centre LLP Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 61370000 0 0
3 Essen Speciality Films Limited Rajoo Innovation Centre LLP Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Any other transaction Rental Income - 531000 0 0
4 Essen Speciality Films Limited Rajoo Engineers Limited Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 2442000 812000 1000
5 Essen Speciality Films Limited Rajoo Engineers Limited Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Sale of goods or services - 423000 0 0
6 Essen Speciality Films Limited Kunj Proplast Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 0 -1000 -1000
7 Essen Speciality Films Limited Essen Speciality Disposables LLP Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 4055000 3157000 -95000
8 Essen Speciality Films Limited Pro-Shell Packaging Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 24535000 5817000 4343000
9 Essen Speciality Films Limited Bison Enterprise Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 244000 0 0
10 Essen Speciality Films Limited Bison Enterprise Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Sale of goods or services - 5000 0 -5000
11 Essen Speciality Films Limited Chitra Art Works Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Sale of goods or services - -8000 -127000 0
12 Essen Speciality Films Limited Avantgarde Design Studio Private Limited Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 4372000 0 0
13 Essen Speciality Films Limited Think Yellow Private Limited Enterprise which are owned, or have significant influence of or are partners with Key Management Personnel and their relatives Purchase of goods or services - 413000 0 54000
14 Essen Speciality Films Limited Pallav Kishorbhai Doshi Wholetime Director & Key Managerial Personnel Remuneration - 2673000 0 0
15 Essen Speciality Films Limited Kruti Rajeshbhai Doshi Director & Key Managerial Personnel Remuneration - 1774000 0 0
16 Essen Speciality Films Limited Karishma Rajesh Doshi Director & Key Managerial Personnel Remuneration - 1730000 0 0
17 Essen Speciality Films Limited Utkarsh Rajesh Doshi Director & Key Managerial Personnel Remuneration - 1730000 0 0
18 Essen Speciality Films Limited Jayantilal Tapubhai Jhalavadia Chief Financial Officer & Key Managerial Personnel Remuneration - 450000 0 0
19 Essen Speciality Films Limited Sunny Dharmendrabhai Mamtora Company Secretary & Key Managerial Personnel Remuneration - 219000 0 0
20 Essen Speciality Films Limited Ankit A Shah Relative of Key Managerial Personnel Purchase of goods or services - 1080000 26000 -132000
21 Essen Speciality Films Limited Chhayaben Ajay Shah Relative of Key Managerial Personnel Purchase of goods or services - 450000 50000 50000
Total value of transaction during the reporting period 109135000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt