INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SYLVANPLY
MSEI Symbol NOTLISTED
ISIN INE01IH01015
Name of Company SYLVAN PLYBOARD (INDIA) 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 22-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 NA
Start date and time of board meeting 29-May-2025   12:00:00
End date and time of board meeting 29-May-2025   14:30:00
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 2025-05-29
Indicate Company website link for updated RPT policy of the Company WWW.SYLVANPLY.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? No
NO DEFAULT HAS BEEN MNADE BY THE COMPANY IN REPAYMENT OF LOANS FROM BANKS / NBFC / OTHER PARTIES IN THE CURRENT REPORTING PERIOD


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 1346251000 2420136000
Other income 7688000 14968000
Total Income 1353939000 2435104000
2 Expenses
(a) Cost of materials consumed 847050000 1504110000
(b) Purchases of stock-in-trade 105023000 181232000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -102570000 -152158000
(d) Employee benefit expense 65381000 127774000
(e) Finance costs 55246000 104693000
(f) Depreciation and amortisation expense 16740000 30404000
(g) Other Expenses
1 Consumption of Stores & Spares 17544000 30186000
2 Electricity Charges Factory 15327000 28809000
3 Freight Charges 615000 1023000
4 Power and Fuel 1976000 3617000
5 Transit Permit Fees and Other 133000 417000
6 Salary ans Bonus Manufacturing 16524000 32225000
7 Factory Wages 50532000 92529000
8 Factory Overhead 1067000 1572000
9 Administrative and Other Expenses 215019000 352364000
10 Repairs and Maintainance 3102000 5824000
Total other expenses 321839000 548566000
Total expenses 1308709000 2344621000
3 Profit before exceptional and extraordinary items and tax 45230000 90483000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 45230000 90483000
6 Extraordinary items 0 0
7 Profit before tax 45230000 90483000
8 Tax Expense
Current tax 10996000 22419000
Deferred tax -816000 -921000
Total tax expenses 10180000 21498000
9 Net Profit Loss for the period from continuing operations 35050000 68985000
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 35050000 68985000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 35050000 68985000
17 Details of equity share capital
Paid-up equity share capital 19375000 19375000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 1057904000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.93 3.8
Diluted earnings (loss) per share from continuing and discontinued operations 1.93 3.8
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) Notes to Financial Statements- i) The Audited financial results are prepared in accordance with the Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Rule 7 of the companies (Account) Rules 2021 issued by ministry of Corporate Affair’s and amendments thereof. ii) The Audited Financial results of the company for the Half Year Ended and Year Ended 31st March, 2025 was reviewed by the Audit Committee and were approved and taken on record by the Board of Directors in their meeting held on 29th May, 2025. iii) As per Ministry of Corporate Affair’s notification dated 16th February 2015, companies whose securities are listed on SME Exchange as referred in chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2009 are exempted from compulsory adoption of Ind AS. iv) The figures for the half year ended 31st March, 2025 are the balancing figures between audited figures in respect of full financial year and unaudited year to date figures of the half year ended 30th September, 2024. v) The figures for the corresponding period have been regrouped/ reclassified wherever necessary, to make them comparable with current period figures. vi) There is no deviation or variation in the utilisation of proceeds from IPO as per the objects stated in the Prospectus, duly reviewed by the Audit Committee of the Company and taken on record by the Board of Directors at their respective meetings held on 29th May, 2025. vii) The comparative results and other information for the half year ended 31st March, 2024 has not been provided as the company got listed recently on 01st July, 2024. viii) As the company operates only in one business segment, disclosure of segment report is not applicable on the company. ix) Utilization of IPO proceeds, object wise as disclosed in offer document is as under- Object as disclosed in the Offer Document Amount disclosed in the Offer Document Actual Utilised Amount as on 31/03/2025 Unutilised Amount as on 31/03/2025 Remarks Capex 3,71,34,000 3,71,34,000 - - Working Capital 16,93,46,000 16,93,46,000 - - Issue Related Expenses 3,10,20,000 3,10,20,000 - - General Corporate Purposes 4,30,00,000 4,30,00,000 - -


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 90483000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 104693000
Adjustments for depreciation and amortisation expense 30404000
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 -9863000
Other adjustments to reconcile profit (loss) -625000
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) 124609000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -265052000
Adjustments for decrease (increase) in trade receivables -114544000
Adjustments for decrease (increase) in other current assets -5560000
Adjustments for increase (decrease) in trade payables 58606000
Adjustments for increase (decrease) in other current liabilities 138022000
Adjustments for provisions 0
Total adjustments for working capital -188528000
Total adjustments for reconcile profit (loss) -63919000
Net cash flows from (used in) operations 26564000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 26350000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 214000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 214000
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 851000
Purchase of property plant and equipment 94784000
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 9377000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 15711000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -68845000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -68845000
Cash flows from used in financing activities
Proceeds from issuing shares 280500000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 34522000
Dividends paid 0
Interest paid 104693000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -59655000
Net cash flows from (used in) financing activities before extraordinary items 81630000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 81630000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 12999000
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 12999000
Cash and cash equivalents cash flow statement at beginning of period 96605000
Cash and cash equivalents cash flow statement at end of period 109604000


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 193748000
Reserves and surplus 1057904000
Money received against share warrants 0
Total shareholders' funds 1251652000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 32619000
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 0
Total non-current liabilities 32619000
6 Current liabilities
Short-term borrowings 601950000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 34142000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 642389000
Total Trade payable 676531000
Other current liabilities 50879000
Short-term provisions 9000000
Total current liabilities 1338360000
Total equity and liabilities 2622631000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 302823000
Producing properties
Intangible assets 2367000
Preproducing properties
Property, Plant and Equipment capital work-in-progress 3575000
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 308765000
ii Non-current investments 0
v Deferred tax assets (net) 10000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 3463000
viii Other non-current assets 13194000
Total non-current assets 325432000
Current assets
Current investments 0
Inventories 1656534000
Trade receivables 515435000
Cash and cash equivalents 109604000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 7369000
Other current assets 8257000
Total current assets 2297199000
Total assets 2622631000
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 Dokania S Kumar & Co Yes 31-Jul-2025


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 27-Jun-2024
Amount Raised 28050000000000
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 No deviation
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No deviation
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 Capex NA 3713400000000 0 3713400000000 0
2 Working Capital NA 16934600000000 0 16934600000000 0
3 Issue Related Expenses NA 3102000000000 0 3102000000000 0
4 General Corporate Purposes NA 4300000000000 0 4300000000000 0


Signatory Details
Name of signatory Anand Kumar Singh
Designation of person Managing Director
Place Kolkata
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 SYLVAN PLYBOARD INDIA LIMITED ANAND KUMAR SINGH DIRECTOR Remuneration 300000000000 NO REMARKS 120000000000 0 0
2 SYLVAN PLYBOARD INDIA LIMITED JAI PRAKASH SINGH DIRECTOR Remuneration 300000000000 NO REMARKS 120000000000 0 0
3 SYLVAN PLYBOARD INDIA LIMITED SRISHTI SINGH RELATIVE OF KMP Any other transaction SALARY 200000000000 NO REMARKS 90000000000 12125500000 12125600000
4 SYLVAN PLYBOARD INDIA LIMITED PRITHVI SINGH RELATIVE OF KMP Any other transaction SALARY 60000000000 NO REMARKS 15000000000 0 5000000000
5 SYLVAN PLYBOARD INDIA LIMITED SHREE KRISHNA TIMBER CO PVT LTD GROUP COMPANY Any other transaction RENT PAYMENT 400000000000 NO REMARKS 185700000000 0 0
6 SYLVAN PLYBOARD INDIA LIMITED SILVERTOSS INDUSTRIES PVT LTD GROUP COMPANY Advance 1000000000000 NO REMARKS 375000000000 0 0
7 SYLVAN PLYBOARD INDIA LIMITED SINGH SUPPLIERS PVT LTD HOLDING COMPANY Any other transaction SERVICE CHARGES 50000000000 NO REMARKS 34842500000 0 0
8 SYLVAN PLYBOARD INDIA LIMITED PRITI SINGH RELATIVE OF KMP Sale of fixed assets 50000000000 NO REMARKS 13000000000 0 0
Total value of transaction during the reporting period 953542500000