INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SHUBHLAXMI
MSEI Symbol NOTLISTED
ISIN INE01Z401013
Name of Company Shubhlaxmi Jewel Art 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 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-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 Jewellary
Start date and time of board meeting 30-May-2025   15:00:00
End date and time of board meeting 30-May-2025   17:00:00
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 Statement on impact of audit qualification
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 2024-11-14
Indicate Company website link for updated RPT policy of the Company https://www.shubhlaxmiltd.in/invenstor_info.php
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? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
This Clause is not applicable.


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 311106000 550935000
Other income 18000 29000
Total Income 311124000 550964000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 301651000 540681000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -24165000 -63873000
(d) Employee benefit expense 6301000 12629000
(e) Finance costs 6507000 12409000
(f) Depreciation and amortisation expense 705000 1539000
(g) Other Expenses
1 Other Expenses 19192000 33962000
Total other expenses 19192000 33962000
Total expenses 310191000 537347000
3 Profit before exceptional and extraordinary items and tax 933000 13617000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 933000 13617000
6 Extraordinary items 0 0
7 Profit before tax 933000 13617000
8 Tax Expense
Current tax 425000 3699000
Deferred tax 755000 874000
Total tax expenses 1180000 4573000
9 Net Profit Loss for the period from continuing operations -247000 9044000
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 -247000 9044000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period -247000 9044000
17 Details of equity share capital
Paid-up equity share capital 106040000 106040000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 119702000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.03 0.85
Diluted earnings (loss) per share from continuing and discontinued operations -0.03 0.85
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
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 Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 13617000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 1539000
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 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 12137000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 13676000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -63901000
Adjustments for decrease (increase) in trade receivables 5549000
Adjustments for decrease (increase) in other current assets 0
Adjustments for increase (decrease) in trade payables 17138000
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for provisions 0
Total adjustments for working capital -41214000
Total adjustments for reconcile profit (loss) -27538000
Net cash flows from (used in) operations -13921000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 3098000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -17019000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -17019000
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 686000
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 29000
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 -657000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -657000
Cash flows from used in financing activities
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 492000
Repayments of borrowings -30339000
Dividends paid 0
Interest paid 12166000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 18665000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 18665000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 989000
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 989000
Cash and cash equivalents cash flow statement at beginning of period 1500000
Cash and cash equivalents cash flow statement at end of period 2489000


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 106040000
Reserves and surplus 119702000
Money received against share warrants 0
Total shareholders' funds 225742000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 25640000
Deferred tax liabilities (net) 176000
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 0
Long-term provisions 1734000
Total non-current liabilities 27550000
6 Current liabilities
Short-term borrowings 110210000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 180000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 11929000
Total Trade payable 12109000
Other current liabilities 39273000
Short-term provisions 1910000
Total current liabilities 163502000
Total equity and liabilities 416794000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 18389000
Producing properties 0
Intangible assets 0
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 18389000
ii Non-current investments 0
v Deferred tax assets (net) 0
vi Foreign currency monetary item translation difference asset account 0
vii Long-term loans and advances 0
viii Other non-current assets 815000
Total non-current assets 19204000
Current assets
Current investments 0
Inventories 377354000
Trade receivables 11426000
Cash and cash equivalents 2489000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 6321000
Other current assets 0
Total current assets 397590000
Total assets 416794000
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 Statement on impact of audit qualification
Auditor's opinion Qualified 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
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 Sanghvi & Co. Yes 31-May-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 550964000 550964000
2 Total Expenditure 537347000 537347000
3 Net Profit/(Loss) 9044000 9044000
4 Earnings Per Share 0.85 0.85
5 Total Assets 416794000 416794000
6 Total Liabilities 191052000 191052000
7 Net Worth 225742000 225742000


Standalone Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Physical verification of inventories was not carried out by the Auditors. Inventories and valuation thereof are, therefore, taken as verified, valued and certified by the management of the Company. Auditors have not been able to verify the quantity or valuation of inventories aggregating to Rs. 3,773.48 lacs as the sufficient details and adequate records related thereto have not been maintained by the Company. The management has, however, provided a confirmation with respect to inventory listing and valuation. However, in absence of any corroborative evidences, such confirmation cannot be accepted by the Auditors. The Auditors, have therefore, solely relied upon the information and explanations furnished to them by the management of the Company in so far as relates to the disclosure of inventories in the financial statements
Textual Information(2) Impact of qualification is not ascertainable.
Textual Information(3) Impact of qualification is not ascertainable
Textual Information(4) Impact of qualification is not ascertainable
Textual Information(5) Auditors' Comments: ni.tOne of the personal creditors of the managing director has filed a suit against him for a recovery of Rs. 535.00 lacs and inter alia joined the Company also as one of the parties liable to pay the said amount jointly with other seven parties. The Company is suitably defending the said litigation and contends that the Company has never entered into any agreement with the said petitioner and is not involved in the matter in any capacity whatsoever. nii.tBalances for trade receivables, advances from customers, trade payables, balances with some of the banks and for loans and advances are subject to confirmations from the respective parties. In absence of such confirmations, balances as per books have been relied upon by the Auditors. n niii.tCertain unsecured loans taken by the Company are subject to compliance with section 73 of the Companies Act. 2013 n n


Signatories details

Name of CEO / Managing director Narendrasinh Jesingbhai Chauhan
Name of CFO VAIBHAV R CHAPANERI
Name of audit committee chairman NEELABH KAUSHIK
Name of statutory auditor For, Sanghavi & Company
Name of other signatory, if any, with designation
Place BHAVNAGAR
Date 30-May-2025


Signatory Details
Name of signatory
Designation of person
Place
Date


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 SHUBHLAXMI JEWEL ART LTD NARENDRASINH J CHAUHAN MANEGING DIRECTOR Remuneration 500000000000 NA 500000000000 2024-05-24 500000000000 48500200000 79000400000
2 SHUBHLAXMI JEWEL ART LTD NARENDRASINH J CHAUHAN MANEGING DIRECTOR Loan 1888000000000 NA 1888000000000 2024-05-24 1888000000000 317080200000 1393380200000 Loan 0 1 Unsecured Business
Total value of transaction during the reporting period 2388000000000