INTEGRATED FILING — Other than Banks



General information about company

Scrip code 123456
NSE Symbol SHIGAN
MSEI Symbol NA
ISIN INE03KJ01013
Name of Company Shigan Quantum Technologies Limited
Type of company SME
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 23-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-May-2025
Description of presentation currency INR (in Actuals)
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 of Alternative Fuel Systems
Start date and time of board meeting 23-May-2025   12:45:00
End date and time of board meeting 23-May-2025   15:00:00
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? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(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 2025-05-23
Indicate Company website link for updated RPT policy of the Company shiganquantum.com
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? Yes


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-Oct-2024 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 1050068000 2106091000
Other income 11075000 12159000
Total Income 1061143000 2118250000
2 Expenses
(a) Cost of materials consumed 649319000 1377340000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 6029000 21765000
(d) Employee benefit expense 63461000 115628000
(e) Finance costs 33220000 64200000
(f) Depreciation and amortisation expense 16311000 33782000
(g) Other Expenses
1 Other Expenses 47237000 96986000
2 Manufacturing and other direct expenses 187755000 294163000
Total other expenses 234992000 391149000
Total expenses 1003332000 2003864000
3 Profit before exceptional and extraordinary items and tax 57811000 114386000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 57811000 114386000
6 Extraordinary items 0 0
7 Profit before tax 57811000 114386000
8 Tax Expense
Current tax 16739000 30735000
Deferred tax -1215000 -1252000
Total tax expenses 15524000 29483000
9 Net Profit Loss for the period from continuing operations 42287000 84903000
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 42287000 84903000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 42287000 84903000
17 Details of equity share capital
Paid-up equity share capital 20327400000000 20327400000000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 0
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.27 4.57
Diluted earnings (loss) per share from continuing and discontinued operations 2.27 4.57
20 Debt equity ratio 0.0058 0.0058
21 Debt service coverage ratio 0.0279 0.0279
22 Interest service coverage ratio 0.0347 0.0347
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) Notes: 1. The above Financial Results and Statement of Assets and Liabilities were reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on May 23, 2025. 2. The Results for the half year ended and year ended 31st March, 2025 are audited by the statutory auditor of the company in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3. These financial results have been prepared in accordance with the recognition and measurement principles of Accounting Standards ( AS ) prescribed section 133 of the Companies Act 2013 (the Act ) read with relevant rules issued thereunder and the other accounting principles generally accepted in India. 4. The Earning Per Share (EPS) has been computed in accordance with the Accounting Standard on Earnings Per Share (AS 20) which required effect of bonus issue to be given till the earliest period reported. 5. The comparative results and other information for the six months ended September 30, 2024 have been limited reviewed by the statutory auditors of the Company and for the six months ended March 31, 2025 have been audited by the statutory auditors of the Company. The management has exercised necessary due diligence to ensure that the said comparative results provide a true and fair view of its affairs. 6. The figures for the half-year ended March 31, 2025 and March 31, 2024 are balancing figures between audited figures in respect of the full financial year and the unaudited year-to-date figures up to the half-year period ended September 30, 2024 and September 30, 2023 respectively. 7. The Company is exclusively engaged in the business of manufacturing and providing services of Alternate Fuel System Components, FDSS & FPS for CNG and LPG mainly used by the OEM suppliers to auto industries and Electronics Manufacturing Services for Automotive and Non Automotive Applications. This in the context of Accounting Standard (AS 17) “Segment Reporting”, notified under the Companies (Accounting Standards) Rules, 2006, constitutes one single primary segment. The Company does not have a secondary segment. Accordingly, disclosures required under AS 17 are not applicable. 8. Previous year/period's figures have been regrouped/reclassified wherever necessary to correspond with the current period's classification for comparison.


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 114386000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 64200000
Adjustments for depreciation and amortisation expense 33782000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 5747000
Adjustments for dividend income 0
Adjustments for share-based payments 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 2453000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 106182000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 25804000
Adjustments for decrease (increase) in trade receivables -180472000
Adjustments for decrease (increase) in other current assets -110443000
Adjustments for increase (decrease) in trade payables -45833000
Adjustments for increase (decrease) in other current liabilities 4343000
Adjustments for provisions 137000
Total adjustments for working capital -306464000
Total adjustments for reconcile profit (loss) -200282000
Net cash flows from (used in) operations -85896000
Dividends received 0
Interest paid 0
Interest received -5724000
Income taxes paid (refund) 32095000
Other inflows (outflows) of cash 2000
Net cash flows from (used in) operating activities before extraordinary items -123713000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -123713000
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 10000000
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 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 22179000
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 5724000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -26455000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -26455000
Cash flows from used in financing activities
Proceeds from issuing shares 133861000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 88151000
Repayments of borrowings 0
Dividends paid 0
Interest paid 64200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1000
Net cash flows from (used in) financing activities before extraordinary items 157811000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 157811000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 7643000
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 7643000
Cash and cash equivalents cash flow statement at beginning of period 784000
Cash and cash equivalents cash flow statement at end of period 8427000


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 203274000
Reserves and surplus 725374000
Money received against share warrants 0
Total shareholders' funds 928648000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 76055000
Deferred tax liabilities (net) 0
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 0
Long-term provisions 15784000
Total non-current liabilities 91839000
6 Current liabilities
Short-term borrowings 458892000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 16970000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 230520000
Total Trade payable 247490000
Other current liabilities 29965000
Short-term provisions 12147000
Total current liabilities 748494000
Total equity and liabilities 1768981000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 151144000
Producing properties 0
Intangible assets 10286000
Preproducing properties 0
Property, Plant and Equipment capital work-in-progress 0
Intangible assets under development or work-in-progress 0
Total Property, Plant and Equipment and Intangible assets 161430000
ii Non-current investments 64185000
v Deferred tax assets (net) 6478000
vi Foreign currency monetary item translation difference asset account 0
vii Long-term loans and advances 0
viii Other non-current assets 5933000
Total non-current assets 238026000
Current assets
Current investments 2000
Inventories 492385000
Trade receivables 390877000
Cash and cash equivalents 214112000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 429156000
Other current assets 4423000
Total current assets 1530955000
Total assets 1768981000
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-Oct-2024 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 Arun Naresh & Co. Yes 31-Jan-2028


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 Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 20-Sep-2023
Amount Raised 259132000
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
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 Automation of Assembly Lines & Technology Acquisition NA 210000000 204400000 31900000 0 At the time of the subscription of convertible warrants, an upfront amount equivalent to 25% of the issue price, amounting to Rs 6.48 crores. We received the balance of 75% of the issue price, amounting to Rs 18.96 crores as on 31.03.2025. A total of 78,000 warrants were not converted into equity shares due to non receipt of balance 75% amount in due time and therefore 25% amount paid at the time of application was forfeited. As of 31.03.2025, an amount of Rs 8.19 crores has been utilized. The balance amount is lying in Fixed Deposit as of 31.03.2025 in a separate bank account designated for the preferential issue.
2 Debt Repayments/ Working Capital NA 50000000 50000000 50000000 0


Signatory Details
Name of signatory Shishir Agrawal
Designation of person Managing Director
Place Gurugram
Date 23-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)
Total value of transaction during the reporting period





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 534947000
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0