INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SURANI
MSEI Symbol NOTLISTED
ISIN INE01ZJ01015
Name of Company Surani Steel Tubes 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 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-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 ERW MS Pipes and Trading of MS Pipe
Start date and time of board meeting 29-May-2025   16:15:00
End date and time of board meeting 29-May-2025   17:10:00
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? No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
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 4
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not made any default on loans and debt securities.


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 1142143000 2250038000
Other income 15613000 23826000
Total Income 1157756000 2273864000
2 Expenses
(a) Cost of materials consumed 1106447000 2183592000
(b) Purchases of stock-in-trade 2236000 5489000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 10047000 10939000
(d) Employee benefit expense 8915000 17706000
(e) Finance costs 173000 173000
(f) Depreciation and amortisation expense 4551000 7980000
(g) Other Expenses
1 Other Expenses 9032000 18535000
Total other expenses 9032000 18535000
Total expenses 1141401000 2244414000
3 Profit before exceptional and extraordinary items and tax 16355000 29450000
4 Exceptional items -27798000 -27798000
5 Profit before extraordinary items and tax -11443000 1652000
6 Extraordinary items 0 0
7 Profit before tax -11443000 1652000
8 Tax Expense
Current tax 1208000 1208000
Deferred tax -5790000 -4412000
Total tax expenses -4582000 -3204000
9 Net Profit Loss for the period from continuing operations -6861000 4856000
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 -6861000 4856000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period -6861000 4856000
17 Details of equity share capital
Paid-up equity share capital 155480000 155480000
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 -0.98 0.38
Diluted earnings (loss) per share from continuing and discontinued operations -0.98 0.38
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) 1. The aforesaid standalone financial results have been reviewed and recommended by Audit Committee and approved by the Board of Directors at their meeting held on 29-05-2025. The statutory auditors have carried out the statutory audit of the aforesaid financial results of the Company and have expressed an unmodified opinion on these results. 2. The Company has carried out exercise of balances confirmation of trade receivable, trade payable, long-term and short-term loans and advances, and other current assets and liabilities and have received confirmations in most of the cases. In few cases, such balances are subject to confirmation/ reconciliation and their balances are stated as per books of accounts. Adjustments, if any will be accounted for on confirmation/ reconciliation of the same, which in the opinion of the management will not have a material impact. 3. As per MCA Notification dated 16th February 2015, Companies whose shares are listed on SME as referred in chapter XB of SEBI (Issue of Capital Disclosure Requirement) Regulations 2009 are exempted from compulsory requirement of adoption of IND AS. As the Company is covered under exempted category, it has not adopted IND AS for preparation of financial results. 4. The figures have been regrouped wherever necessary, or previous year’s figures have been regrouped/ recast wherever necessary to confirm to the half year’s/ year’s classification. 5. The figures of the half year ended 31st March, 2025 and 31st March 2024 are balancing figures between audited figures for the full year and reviewed year to date figures upto the half year ended of the respective financial year. 6. During the financial year, the Company has allotted 4914036 numbers of fully paid Equity Shares on conversion of share warrants to the non-promotor, public group. 7. The Company operates in only one reportable segment of manufacturing and Trading of ERW MS Pipes. As regards geographical segment, company operates in single segment in India only, hence, separate disclosure is not required as per AS-17 Segment Reporting. 8. The current investments has been valued at lower of cost and fair value, due to the same there is a loss on recognition of fair value of current investments, the same is disclosed as exceptional item. As on the date of the fair value of such investments are on recovery trend. 9. During the half year ended, the Company had incorporated its wholly owned subsidiary namely ‘SSTUK Limited’, in United Kingdom on 22nd November, 2024. 10. The above standalone financial results are available on the website of the Company i.e., www.suranisteel.com and on the website of Emerge platform of National Stock Exchange i.e., www.nesindia.com/emerge.


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 1652000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 173000
Adjustments for depreciation and amortisation expense 7980000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow 25613000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -21123000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 12643000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 315341000
Adjustments for decrease (increase) in trade receivables -257108000
Adjustments for decrease (increase) in other current assets 42088000
Adjustments for increase (decrease) in trade payables -22638000
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for provisions 0
Total adjustments for working capital 77683000
Total adjustments for reconcile profit (loss) 90326000
Net cash flows from (used in) operations 91978000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 3249000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 88729000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 88729000
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 22967000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 460456000
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 19423000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -201088000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -665088000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -665088000
Cash flows from used in financing activities
Proceeds from issuing shares 49140000
Proceeds from issuing other equity instruments -333385000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 77940000
Dividends paid 0
Interest paid 173000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 614255000
Net cash flows from (used in) financing activities before extraordinary items 251897000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 251897000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -324462000
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 -324462000
Cash and cash equivalents cash flow statement at beginning of period 340565000
Cash and cash equivalents cash flow statement at end of period 16103000


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 155480000
Reserves and surplus 1062850000
Money received against share warrants 0
Total shareholders' funds 1218330000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 0
Deferred tax liabilities (net) 0
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 830000
Total non-current liabilities 830000
6 Current liabilities
Short-term borrowings 345680000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 636000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2964000
Total Trade payable 3600000
Other current liabilities 2947000
Short-term provisions 450000
Total current liabilities 352677000
Total equity and liabilities 1571837000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 118150000
Producing properties
Intangible assets 152000
Preproducing properties
Property, Plant and Equipment capital work-in-progress 981000
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 119283000
ii Non-current investments 1087000
v Deferred tax assets (net) 484000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 3003000
viii Other non-current assets 100000
Total non-current assets 123957000
Current assets
Current investments 174387000
Inventories 317695000
Trade receivables 271799000
Cash and cash equivalents 43604000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 560623000
Other current assets 79772000
Total current assets 1447880000
Total assets 1571837000
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 Anu & Associates Yes 30-Sep-2026


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 18-Oct-2024
Amount Raised 5063000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
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 Not Applicable
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 Working Capital and Issue Expenses Not Applicable 5063000 0 5063000 0 During the half year ended on 31.03.2025, funds raised upon the conversion of 75000 warrants into equity shares post getting balance payment @ Rs. 67.50 per warrant on 18.10.2024 were fully utilised for the stated objects.


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 07-Dec-2024
Amount Raised 21467000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
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 Not Applicable
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 Working Capital and Issue Expenses Not applicable 21467000 0 21467000 0 During the half year ended on 31.03.2025, funds raised upon the conversion of 318036 warrants into equity shares post getting balance payment @ Rs. 67.50 per warrant on 07.12.2024 were fully utilised for the stated objects.


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (3)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 31-Dec-2024
Amount Raised 176913000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
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 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 Working Capital and Issue Expenses Not applicable 176913000 0 176913000 0 During the half year ended on 31.03.2025, funds raised upon the conversion of 2620930 warrants into equity shares post getting balance payment @ Rs. 67.50 per warrant on 31.12.2024 were fully utilised for the stated objects.


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (4)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 03-Jan-2025
Amount Raised 6075000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
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 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 Working Capital and Issue Expenses Not applicable 6075000 0 6075000 0 During the half year ended on 31.03.2025, funds raised upon the conversion of 90000 warrants into equity shares post getting balance payment @ Rs. 67.50 per warrant on 03.01.2025 were fully utilised for the stated objects.


Signatory Details
Name of signatory Mohinder Singh
Designation of person Company Secretary
Place Chandigarh
Date 29-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 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 Surani Steel Tubes Limited Vijay Singla Managing Director Remuneration 3600000 Approved by Audit Committee 600000 2025-05-29 600000 0 0
Total value of transaction during the reporting period 600000