INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol PARAGON
MSEI Symbol NOTLISTED
ISIN INE0N4G01012
Name of Company Paragon Fine and Speciality Chemical 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 24-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 Speciality Chemicals
Start date and time of board meeting 30-May-2025   15:30:00
End date and time of board meeting 30-May-2025   16:10:00
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? Yes
Latest Date on which RPT policy is updated 2025-05-30
Indicate Company website link for updated RPT policy of the Company https://www.paragonind.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 such event


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 641274000 1161088000
Other income 2716000 10097000
Total Income 643990000 1171185000
2 Expenses
(a) Cost of materials consumed 355510000 691255000
(b) Purchases of stock-in-trade 114989000 180634000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -6412000 -25863000
(d) Employee benefit expense 36018000 67359000
(e) Finance costs 339000 1921000
(f) Depreciation and amortisation expense 5535000 10594000
(g) Other Expenses
1 Other Expenses 80565000 162465000
Total other expenses 80565000 162465000
Total expenses 586544000 1088365000
3 Profit before exceptional and extraordinary items and tax 57446000 82820000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 57446000 82820000
6 Extraordinary items 0 0
7 Profit before tax 57446000 82820000
8 Tax Expense
Current tax 14631000 22645000
Deferred tax 686000 994000
Total tax expenses 15317000 23639000
9 Net Profit Loss for the period from continuing operations 42129000 59181000
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 42129000 59181000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 42129000 59181000
17 Details of equity share capital
Paid-up equity share capital 195660000 195660000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 698314000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.15 3.02
Diluted earnings (loss) per share from continuing and discontinued operations 2.15 3.02
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 82820000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 1921000
Adjustments for depreciation and amortisation expense 10594000
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 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 12515000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 28600000
Adjustments for decrease (increase) in trade receivables -124026000
Adjustments for decrease (increase) in other current assets 0
Adjustments for increase (decrease) in trade payables -24181000
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for provisions 0
Total adjustments for working capital -119607000
Total adjustments for reconcile profit (loss) -107092000
Net cash flows from (used in) operations -24272000
Dividends received 0
Interest paid 0
Interest received -9778000
Income taxes paid (refund) 22645000
Other inflows (outflows) of cash 5000
Net cash flows from (used in) operating activities before extraordinary items -56690000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -56690000
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 820000
Purchase of property plant and equipment 87920000
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 660000
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 9778000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 56841000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -19821000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -19821000
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 200000
Repayments of borrowings 52857000
Dividends paid 0
Interest paid 1921000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items -54578000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities -54578000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -131089000
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 -131089000
Cash and cash equivalents cash flow statement at beginning of period 0
Cash and cash equivalents cash flow statement at end of period -131089000


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 195660000
Reserves and surplus 698314000
Money received against share warrants 0
Total shareholders' funds 893974000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 31259000
Deferred tax liabilities (net) 4570000
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 2265000
Total non-current liabilities 38094000
6 Current liabilities
Short-term borrowings 2957000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 19319000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 77794000
Total Trade payable 97113000
Other current liabilities 2002000
Short-term provisions 5585000
Total current liabilities 107657000
Total equity and liabilities 1039725000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 161532000
Producing properties
Intangible assets 0
Preproducing properties
Property, Plant and Equipment capital work-in-progress 29395000
Intangible assets under development or work-in-progress 425000
Total Property, Plant and Equipment and Intangible assets 191352000
ii Non-current investments 5000
v Deferred tax assets (net)
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 0
viii Other non-current assets 99122000
Total non-current assets 290479000
Current assets
Current investments 0
Inventories 286995000
Trade receivables 393538000
Cash and cash equivalents 930000
Bank balance other than cash and cash equivalents 1306000
Short-term loans and advances 7022000
Other current assets 59455000
Total current assets 749246000
Total assets 1039725000
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 Surana Maloo & Co Yes 31-Dec-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 31-Oct-2023
Amount Raised 516600000
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 Nil
Comments of the Audit Committee after review Nil
Comments of the auditors, if any Nil
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 Funding capital expenditure towards civil construction work in the existing premises of factory Nil 10006000 0 3575000 0
2 Repayment in full or in part, of certain of our outstanding borrowings Nil 129000000 0 129000000 0
3 Funding Capital Expenditure towards installation of additional plant and machinery for Expansion. Nil 78742000 0 41812000 0
4 Funding to meet working capital requirements Nil 130000000 0 130000000 0
5 General Corporate Purpose Nil 122090000 0 122090000 0
6 Issue Related expenses Nil 46762000 0 46762000 0


Signatory Details
Name of signatory Pravinchandra Jasmat Vasolia
Designation of person Managing Director
Place Ahmedabad
Date 30-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 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Vallabhbhai Ratnaji Savaliya Director Remuneration 12000000 Nil 8784000 0 0
2 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Kishor Panchabhai Patolia Director Remuneration 12000000 Nil 8784000 0 0
3 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Pravinchandra Jasmat Vasolia Director Remuneration 12000000 Nil 8784000 0 0
4 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Rutesh V Savaliya Director Remuneration 3000000 Nil 2393000 0 0
5 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Shivam K Patolia Director Remuneration 2000000 Nil 1896000 0 0
6 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Jasmin J Patel Director Remuneration 500000 Nil 60000 0 0
7 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Insiya Nalawala Director Remuneration 500000 Nil 60000 0 0
8 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Kishan D Tilva Director Remuneration 500000 Nil 60000 0 0
9 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Nikita K Muliya CFO Remuneration 1200000 Nil 1102000 0 0
10 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Shankumar Dhandhara CS Remuneration 500000 Nil 68000 0 0
11 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Sonal J Yadav CS Remuneration 500000 Nil 89000 0 0
12 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Chemtech Dyes and Intermediates Enterprises over which Key Managerial personnel and/or their relatives are able to exercise significant influence: Purchase of goods or services 500000000 Nil 221724000 -29300000 -47368000
13 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Chemtech Dyes and Intermediates Enterprises over which Key Managerial personnel and/or their relatives are able to exercise significant influence: Sale of goods or services 400000000 Nil 196946000 0 0
14 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Hindparagon Polyresins Pvt.Ltd. Enterprises over which Key Managerial personnel and/or their relatives are able to exercise significant influence: Purchase of goods or services 10000000 Nil 190000 508000 516000
15 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Hindparagon Polyresins Pvt.Ltd. Enterprises over which Key Managerial personnel and/or their relatives are able to exercise significant influence: Sale of goods or services 10000000 Nil 1000 0 0
16 PARAGON FINE AND SPECIALITY CHEMICAL LIMITED Shree Rasayan Enterprise Enterprises over which Key Managerial personnel and/or their relatives are able to exercise significant influence: Any other transaction Job Work 100000000 Nil 47320000 11453000 9999000
Total value of transaction during the reporting period 498261000