INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SMVD
MSEI Symbol NOTLISTED
ISIN INE702Y01013
Name of Company SMVD POLY PACK 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 26-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 Plastic Products
Start date and time of board meeting 30-May-2025   17:00:00
End date and time of board meeting 30-May-2025   18:00:00
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? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(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 2022-08-22
Indicate Company website link for updated RPT policy of the Company https://www.smvdpolypack.com/corporate-policies
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? Yes


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 838000 3742000
Other income 564000 596000
Total Income 1402000 4338000
2 Expenses
(a) Cost of materials consumed 500000 1304000
(b) Purchases of stock-in-trade 1113000 1212000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 11880000 14366000
(d) Employee benefit expense 4362000 7688000
(e) Finance costs 6761000 19386000
(f) Depreciation and amortisation expense 355000 777000
(g) Other Expenses
1 Other Expenses 5283000 7691000
Total other expenses 5283000 7691000
Total expenses 30254000 52424000
3 Profit before exceptional and extraordinary items and tax -28852000 -48086000
4 Exceptional items 7594000 167241000
5 Profit before extraordinary items and tax -21258000 119155000
6 Extraordinary items 0 0
7 Profit before tax -21258000 119155000
8 Tax Expense
Current tax 19000 10185000
Deferred tax 0 0
Total tax expenses 19000 10185000
9 Net Profit Loss for the period from continuing operations -21277000 108970000
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 -21277000 108970000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period -21277000 108970000
17 Details of equity share capital
Paid-up equity share capital 100301000 100301000
Face value of equity share capital 1003.01 1003.01
18 Reserves excluding revaluation reserve -404883000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -2.12 10.86
Diluted earnings (loss) per share from continuing and discontinued operations -2.12 10.86
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 above results were reviewed by the audit committee and were approved and taken on record by Board of Directors in their meetings held on 30.05.2025 2.The Financial Results have been prepared in accordance with the accounting standards as notified under section 133 of the Companies Act, 2013 (Act), read with the relevant rules made thereunder and other accounting principles generally accepted in India. 3.The figures of the previous period have been regrouped/ rearranged wherever found necessary, to make them comparable with the figures of the current period. 4The figures of the half year ended 31st March 2025 are balancing figures between audited figures for the full year ended 31st March 2025 and unaudited figures upto half year ended 30th September 2024. 5. The above financial results are available on the website of the company i.e. www.smvdpolypack.com and on the website of the National Stock Exchange Limited. 6.EPS has been calculated, dividing profit after tax/ Number of Shares on each reported date. 7.As per Accounting standard 17 (AS-17) issued by the Institute of Chartered Accountants of India, the segment is reportable only if it account for more than 10% of the total revenue, result or assets. The Company operates under two segment, viz. plastic products and water coconut, but the later segment doesn't account for more than 10% of the total revenue, result or assets. As a result their is only one reportable segment i.e Plastic Product, and hence no additional disclosure are required. 8.The Company is listed on the SME Platform of the National Stock Exchange (NSE Emerge). The disclosure as applicable, have been furnished. 9.A massive fire broke out at the factory premises of the company situated at Champahati Station Road, P.S. Baruipur, Srirampore, 24 Parganas South, PIN - 700145, West Bengal on 29.07.2023 which has destroyed the entire factory of the company. Company's assets consisting of stock and property, plant and equipment were burnt in fire. This matter was immediately informed by the Company to Baruipur Fire Station, Baruipur Police Station and Insurance Company. The information about the incident was given to the National Stock Excange of India Limited on 30.07.2023. The company has lodged the claim with insurance company namely The Oriental Insurance Company Limited against the policy number 311400/11/2023/715 dated 13.03.2023 for the loss suffered by the company. The company's insurance policy is fully covered against the loss of stock and property, plant and equipment by fire. The amount of loss suffered due to fire is yet to be assessed by the insurance company. During the year ended 31st March 2025 the insurance company has released Rs 1600.00 Lakhs as on account payment towards the claim lodged by the company which has been shown under exception items in the statement of profit and loss account. Further the company during the year has also realised a sum of Rs.124.85 Lakhs from sale of salvage materials which has been shown under exceptional items in the statement of profit and loss account. 10.The Company has accumulated losses of the company has exceeded the share capital and net worth has been fully eroded. As of that date, the Company's liabilities has exceeded its total assets by Rs.1,956.12 lakhs. The management of the company has the plans and projects in hand to set up new plant in the state of Odisha and has got the provisional land allotment letter from Odisha State Government for setting up of new project. The managment expects to get the plant commissioned within a period of 13 months from the date of commencement of the project and this situation is dependent on the full realisation of insurance claim. Looking to the projects in hand, future cash flow projections and pending full realisation of insurance claim from the insurance company, the accounts have been prepared under going concern basis. 11.The company has given a detailed intimation of fire which broke out at the factory premises of the company on 29.07.2023 to the bankers of the Company. Appropriate disclosure was being given in the monthly stock statement given to bank containing the Insurance Claim Receivable of Rs. 3000.00 lakhs for which the stock insurance policy was taken by the Company. Further, the company has been regular in serving the principal and interest of the term loans during the year except in one case, where Company defaulted in payment of principal of Rs.15.91 lakhs and interest of Rs. 1.13 Lakhs which was due for payment on 25th March, 2025. The insurance policy Standard Fire & Special Perils Policy Schedule taken by the company from The Oriental Insurance Company Limited is fully covered against the loss sufferd by the company and included agreed bank clause and contains the name of two bankers of the Company namely Standard Chartered Bank and Axis Bank. Accordingly, insurance claim receivable will be credited to these bank accounts as per agreed terms and conditions of the policy. In view of the above loan is fully secured though the securities against which loan was obtained has been destroyed by fire. 12.During the period under audit the management of the company has decided to opt for the New Tax regime u/s 115BAA of The Income Tax Act, 1961. In view thereof the MAT Credit entitlement has been charged to Profit & Loss Account under Tax Expenses 13.Deferred tax assets at the current financial year end have not been accounted for in the books in view of present uncertaininty regarding generation of sufficient future taxable income against which carried forward losses and allowances can be set off in near future on prudent basis.


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 119155000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 19386000
Adjustments for depreciation and amortisation expense 777000
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) -160415000
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) -140252000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 175669000
Adjustments for decrease (increase) in trade receivables 13232000
Adjustments for decrease (increase) in other current assets 400000
Adjustments for increase (decrease) in trade payables -126257000
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for provisions 0
Total adjustments for working capital 63044000
Total adjustments for reconcile profit (loss) -77208000
Net cash flows from (used in) operations 41947000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 9891000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 32056000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 32056000
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 250000
Purchase of property plant and equipment 16000
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 500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 13862000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items 14596000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities 14596000
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 0
Repayments of borrowings 29958000
Dividends paid 0
Interest paid 18816000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items -48774000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities -48774000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -2122000
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 -2122000
Cash and cash equivalents cash flow statement at beginning of period 2272000
Cash and cash equivalents cash flow statement at end of period 150000


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 100301000
Reserves and surplus -295913000
Money received against share warrants
Total shareholders' funds -195612000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 12042000
Deferred tax liabilities (net) 0
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 0
Long-term provisions 1587000
Total non-current liabilities 13629000
6 Current liabilities
Short-term borrowings 165895000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 54109000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 6510000
Total Trade payable 60619000
Other current liabilities 4948000
Short-term provisions 1085000
Total current liabilities 232547000
Total equity and liabilities 50564000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 26262000
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 26262000
ii Non-current investments 4900000
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 1529000
Total non-current assets 32691000
Current assets
Current investments 0
Inventories 7077000
Trade receivables 2128000
Cash and cash equivalents 142000
Bank balance other than cash and cash equivalents 8000
Short-term loans and advances 8518000
Other current assets 0
Total current assets 17873000
Total assets 50564000
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 Seksaria Tibrewal and co Yes 31-Dec-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 4338000 4338000
2 Total Expenditure 62609000 62609000
3 Net Profit/(Loss) 108970000 108970000
4 Earnings Per Share 10.86 10.86
5 Total Assets 50563000 50563000
6 Total Liabilities 246175000 246175000
7 Net Worth -195612000 -195612000


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 Since how long continuing Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) We draw attention to Note 10 regarding erosion of share capital and reserves and surplus, and the accumulated losses have exceeded the Net Worth of the Company. As more fully explained in the above note, a material uncertainty exists that may cast a significant doubt on the Companys ability to continue as a going concern. However, the standalone financial statements have been prepared by the management on a going concern basis for the reason stated in the aforesaid note.
Textual Information(2) Not Qualtified nImpact is not ascertainable till date.
Textual Information(3) n nAs per the views of the management there must not be any impact of the Qualified opinion on the Standalone Financial Statements of the Company as the Company has already received an amount of Rs. 1600.00 lakhs as on account payment from the Insurance Company thereby assuring the admissibility of Companys claim. And on realisation of the full claim the Company expects to get the plant commissioned within a period of 13 months from the date of commencement of the project hence the accounts have been prepared under going concern basis. n
Textual Information(4) NIL
Textual Information(5) Impact is not ascertainable for reason already provided in the report


Signatories details

Name of CEO / Managing director PRAMOD KUMAR AGARWAL
Name of CFO NIRMAL PARAKH
Name of audit committee chairman VARUN ROONGTA
Name of statutory auditor HARSH SEKSARIA
Name of other signatory, if any, with designation
Place KOLKATA
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)
Total value of transaction during the reporting period





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 177936000
B Of the total amount outstanding, amount of default as on date 1591000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 177936000