INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol AERON
MSEI Symbol NOTLISTED
ISIN INE0WL801011
Name of Company Aeron Composite 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 10-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 FRP
Start date and time of board meeting 23-May-2025   16:00:00
End date and time of board meeting 23-May-2025   18:00:00
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 2024-06-20
Indicate Company website link for updated RPT policy of the Company https://www.aeroncomposite.com/investorrelations.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
NA as no default


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 1074537000 2153071000
Other income 32013000 54543000
Total Income 1106550000 2207614000
2 Expenses
(a) Cost of materials consumed 817619000 1480872000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -213716000 -244891000
(d) Employee benefit expense 92207000 179879000
(e) Finance costs 14645000 23675000
(f) Depreciation and amortisation expense 14931000 32038000
(g) Other Expenses
1 Other Expenses 295442000 554201000
Total other expenses 295442000 554201000
Total expenses 1021128000 2025774000
3 Profit before exceptional and extraordinary items and tax 85422000 181840000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 85422000 181840000
6 Extraordinary items 0 0
7 Profit before tax 85422000 181840000
8 Tax Expense
Current tax 19326000 51737000
Deferred tax -811000 -3330000
Total tax expenses 18515000 48407000
9 Net Profit Loss for the period from continuing operations 66907000 133433000
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 66907000 133433000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 66907000 133433000
17 Details of equity share capital
Paid-up equity share capital 170200000 170200000
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 4.43 8.84
Diluted earnings (loss) per share from continuing and discontinued operations 4.43 8.84
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) For notes please refer financial statement submitted Debt Equity Ratio for the period under reporting is 0.45 Debt Service Coverage Ratio for the period under reporting is 14.67 Interest Service Coverage Ratio for the period under reporting is 8.39


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 181840000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 23675000
Adjustments for depreciation and amortisation expense 32038000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains -2365000
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow -21481000
Other adjustments to reconcile profit (loss) 2452000
Other adjustments for non-cash items 6019000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 40338000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -286055000
Adjustments for decrease (increase) in trade receivables -37078000
Adjustments for decrease (increase) in other current assets 11847000
Adjustments for increase (decrease) in trade payables 101158000
Adjustments for increase (decrease) in other current liabilities -38248000
Adjustments for provisions -11520000
Total adjustments for working capital -259896000
Total adjustments for reconcile profit (loss) -219558000
Net cash flows from (used in) operations -37718000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 50674000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -88392000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -88392000
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 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 965000
Purchase of property plant and equipment 362503000
Proceeds from sales of intangible assets 0
Purchase of intangible 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 20866000
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 -340672000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -340672000
Cash flows from used in financing activities
Proceeds from issuing shares 561000000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 354008000
Repayments of borrowings 17388000
Dividends paid 0
Interest paid 22717000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -39578000
Net cash flows from (used in) financing activities before extraordinary items 835325000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 835325000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 406261000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents -355000
Net increase (decrease) in cash and cash equivalents 405906000
Cash and cash equivalents cash flow statement at beginning of period 50853000
Cash and cash equivalents cash flow statement at end of period 456759000


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 170200000
Reserves and surplus 839645000
Money received against share warrants 0
Total shareholders' funds 1009845000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 209135000
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 0
Total non-current liabilities 209135000
6 Current liabilities
Short-term borrowings 245759000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 75960000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 438157000
Total Trade payable 514117000
Other current liabilities 50560000
Short-term provisions 33910000
Total current liabilities 844346000
Total equity and liabilities 2063326000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 195371000
Producing properties
Intangible assets 0
Preproducing properties
Property, Plant and Equipment capital work-in-progress 347185000
Intangible assets under development or work-in-progress 5429000
Total Property, Plant and Equipment and Intangible assets 547985000
ii Non-current investments 0
v Deferred tax assets (net) 3564000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 4308000
viii Other non-current assets 7860000
Total non-current assets 563717000
Current assets
Current investments 0
Inventories 536960000
Trade receivables 451523000
Cash and cash equivalents 456759000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 2433000
Other current assets 51934000
Total current assets 1499609000
Total assets 2063326000
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 Dinesh R. Thokkor & Co. Yes 30-Sep-2027


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 02-Sep-2024
Amount Raised 561000000
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


Signatory Details
Name of signatory CHIRAG CHANDULAL PATEL
Designation of person Managing Director
Place Ahmedabad
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)
1 Aeron Composite Limited Pankaj Shantilal Dadhaniya Whole Time Director Remuneration 8800000 Approved 4400000 0 0
2 Aeron Composite Limited Pankaj Shantilal Dadhaniya Whole Time Director Any other transaction Rent Expense 606000 Approved 303000 0 0
3 Aeron Composite Limited Dilipkumar Ratilal Patel Chairman and Non Executive Director Remuneration 8800000 Approved 4400000 0 0
4 Aeron Composite Limited Ravi Pankajkumar Patel Whole Time Director Remuneration 8800000 Approved 4400000 0 0
5 Aeron Composite Limited Chirag Chandulal Patel Managing Director Remuneration 8800000 Approved 4400000 0 0
6 Aeron Composite Limited Pankajkumar Ratilal Patel Relative of Director Any other transaction Appointment to any office or place of profit in the company 7333000 Approved 4000000 0 0
7 Aeron Composite Limited SANJAYKUMAR JYESTHARAM OZA CFO Remuneration 898000 Approved 448000 72000 67000
8 Aeron Composite Limited Prabhaben Chandulal Patel Relative of Director Any other transaction Rent Expense 606000 Approved 303000 0 0
9 Aeron Composite Limited Manishaben Dilipkumar Patel Relative of Director Any other transaction Rent Expense 606000 Approved 303000 0 0
10 Aeron Composite Limited Kantaben Bipinbhai Patel Relative of Director Any other transaction Rent Expense 606000 Approved 303000 0 0
11 Aeron Composite Limited Ripaben Pankaj Dadhaniya Relative of Director Any other transaction Rent Expense 606000 Approved 303000 0 0
12 Aeron Composite Limited Pravinaben Pankajkumar Patel Relative of Director Any other transaction Rent Expense 606000 Approved 303000 0 0
13 Aeron Composite Limited Jayesh Dilipkumar Patel Relative of Director Any other transaction Appointment to any office or place of profit in the company 6000000 Approved 2667000 0 0
14 Aeron Composite Limited A. Innovative International Limited Enterprises owned or significantly influenced by key management personnel or their relatives Sale of goods or services 833000 Approved 830000 0 0
15 Aeron Composite Limited Chamak Polymers Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Sale of goods or services 5589000 Approved 5589000 0 0
16 Aeron Composite Limited Chamak Polymers Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Purchase of goods or services 36571000 Approved 17126000 0 0
17 Aeron Composite Limited Chamak Polymers Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Any other transaction Manpower Supply reimbursment 13929000 Approved 8927000 0 0
18 Aeron Composite Limited Chamak Polymers Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Any other transaction Machinery Rent Income 6600000 Approved 3600000 0 0
19 Aeron Composite Limited Chamak Polymers Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Any other transaction Job Work charges 45494000 Approved 26486000 8146000 0
20 Aeron Composite Limited A. INNOVATIVE FOOD PRODUCTS LIMITED Enterprises owned or significantly influenced by key management personnel or their relatives Purchase of goods or services 35000 Approved 35000 0 0
21 Aeron Composite Limited Chamak Paint & Coating Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Purchase of goods or services 50701000 Approved 27293000 0 1655000
22 Aeron Composite Limited Innomach Engineering Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Purchase of fixed assets 1519000 Approved 825000 0 0
23 Aeron Composite Limited Innomach Engineering Private Limited Enterprises owned or significantly influenced by key management personnel or their relatives Purchase of goods or services 2175000 Approved 1197000 0 0
24 Aeron Composite Limited Vijay Mahendrabhai Dakshini Company Secretary and Compliance Officer Remuneration 389000 Approved 306000 0 50000
25 Aeron Composite Limited NAVEEN KUMAR MANDOVARA Non-Executive Independent Director Any other transaction Sitting Fees 100000 Approved 100000 0 0
26 Aeron Composite Limited POONAM NEELENDU SAVALIA Non-Executive Independent Director Any other transaction Sitting Fees 100000 Approved 100000 0 0
Total value of transaction during the reporting period 118947000





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