INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SHIGAN
MSEI Symbol NOTLISTED
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 Consolidated
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


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 Consolidated Consolidated
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 1053055000 2109665000
Other income 11780000 12864000
Total Income 1064835000 2122529000
2 Expenses
(a) Cost of materials consumed 644756000 1363848000
(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 66743000 119807000
(e) Finance costs 34030000 65485000
(f) Depreciation and amortisation expense 19427000 40123000
(g) Other Expenses
1 Other Expenses 45563000 98799000
2 Manufacturing and other direct expenses 188170000 294665000
Total other expenses 233733000 393464000
Total expenses 1004718000 2004492000
3 Profit before exceptional and extraordinary items and tax 60117000 118037000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 60117000 118037000
6 Extraordinary items 0 0
7 Profit before tax 60117000 118037000
8 Tax Expense
Current tax 17374000 32095000
Deferred tax -2904000 -1367000
Total tax expenses 14470000 30728000
9 Net Profit Loss for the period from continuing operations 45647000 87309000
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 45647000 87309000
14 Share of profit (loss) of associates 0 0
15 Profit (loss) of minority interest 6000 24000
16 Net profit (Loss) for the period 45653000 87333000
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 726276000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.46 4.7
Diluted earnings (loss) per share from continuing and discontinued operations 2.46 4.7
20 Debt equity ratio 0.006 0.006
21 Debt service coverage ratio 0.0294 0.0294
22 Interest service coverage ratio 0.0355 0.0355
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 Consolidated
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 118037000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 65485000
Adjustments for depreciation and amortisation expense 40123000
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 3284000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 114639000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 25227000
Adjustments for decrease (increase) in trade receivables -187975000
Adjustments for decrease (increase) in other current assets -137202000
Adjustments for increase (decrease) in trade payables -37749000
Adjustments for increase (decrease) in other current liabilities 87156000
Adjustments for provisions -634000
Total adjustments for working capital -251177000
Total adjustments for reconcile profit (loss) -136538000
Net cash flows from (used in) operations -18501000
Dividends received 0
Interest paid 0
Interest received -5724000
Income taxes paid (refund) 32095000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -56320000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -56320000
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 0
Purchase of property plant and equipment 120347000
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 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 -114623000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -114623000
Cash flows from used in financing activities
Proceeds from issuing shares 135671000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 108297000
Repayments of borrowings 0
Dividends paid 0
Interest paid 65485000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 83000
Net cash flows from (used in) financing activities before extraordinary items 178566000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 178566000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 7623000
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 7623000
Cash and cash equivalents cash flow statement at beginning of period 1617000
Cash and cash equivalents cash flow statement at end of period 9240000


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 Consolidated
Equity and liabilities
1 Shareholders' funds
Share capital 203274000
Reserves and surplus 726276000
Money received against share warrants 0
Total shareholders' funds 929550000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest 296000
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 15896000
Total non-current liabilities 91951000
6 Current liabilities
Short-term borrowings 479039000
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 234670000
Total Trade payable 251640000
Other current liabilities 114469000
Short-term provisions 13510000
Total current liabilities 858658000
Total equity and liabilities 1880455000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 249013000
Producing properties 0
Intangible assets 55356000
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 304369000
ii Non-current investments 0
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 316780000
Current assets
Current investments 0
Inventories 492962000
Trade receivables 392725000
Cash and cash equivalents 216879000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 431625000
Other current assets 29484000
Total current assets 1563675000
Total assets 1880455000
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block
Textual Information(1) 1. The above Financial Results, Statement of Assets and Liabilities and Statement of Cash Flows 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 financial results include the unaudited financial results of subsidiary - E Mobility Exim Pte Ltd. And audited financial results of wholly-owned subsidiary - Shigan Electronics Private Limited. 5. 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. 6. 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. The management has exercised necessary due diligence to ensure that the said comparative results provide a true and fair view of its affairs. 7. 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. 8. The Company is 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 for auto industries and Eletronics 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. 9. Previous year/period's figures have been regrouped/reclassified wherever necessary to correspond with the current period's classification for comparison.


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 Consolidated Consolidated
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