INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SATIPOLY
MSEI Symbol NOTLISTED
ISIN INE0RPM01017
Name of Company SATI POLY PLAST 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 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 flexible packaging material
Start date and time of board meeting 30-May-2025   15:20:00
End date and time of board meeting 30-May-2025   16:45:00
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 2024-03-01
Indicate Company website link for updated RPT policy of the Company https://a26.80f.myftpupload.com/wp-content/uploads/2024/09/RPT-Policy.pdf
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
No Default


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 1560944000 3018559000
Other income 300000 472000
Total Income 1561244000 3019031000
2 Expenses
(a) Cost of materials consumed 1243563000 2524427000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 60780000 27953000
(d) Employee benefit expense 21085000 43942000
(e) Finance costs 8335000 16341000
(f) Depreciation and amortisation expense 13727000 28876000
(g) Other Expenses
1 Other Expenses 147511000 263696000
Total other expenses 147511000 263696000
Total expenses 1495001000 2905235000
3 Profit before exceptional and extraordinary items and tax 66243000 113796000
4 Exceptional items -254123000 -254123000
5 Profit before extraordinary items and tax -187880000 -140327000
6 Extraordinary items 0 0
7 Profit before tax -187880000 -140327000
8 Tax Expense
Current tax -12293000 479000
Deferred tax -34455000 -35260000
Total tax expenses -46748000 -34781000
9 Net Profit Loss for the period from continuing operations -141132000 -105546000
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 -141132000 -105546000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period -141132000 -105546000
17 Details of equity share capital
Paid-up equity share capital 49470000 49470000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 112151000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -28.53 -23.19
Diluted earnings (loss) per share from continuing and discontinued operations -28.53 -23.19
20 Debt equity ratio 0.0094 0.0094
21 Debt service coverage ratio -0.0871 -0.0167
22 Interest service coverage ratio 0.0895 0.0796
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) Current tax for half year is after adjustment of Income tax of earlier yeas amounting to INR 4.79 lakhs. The amount Current tax for the year ended pertains to Income tax of earlier yeas amounting to INR 4.79 lakhs.


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 -140327000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 16341000
Adjustments for depreciation and amortisation expense 28876000
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 -43000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -341000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 44833000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 81177000
Adjustments for decrease (increase) in trade receivables -129207000
Adjustments for decrease (increase) in other current assets -68546000
Adjustments for increase (decrease) in trade payables 88542000
Adjustments for increase (decrease) in other current liabilities 1113000
Adjustments for provisions 2762000
Total adjustments for working capital -24159000
Total adjustments for reconcile profit (loss) 20674000
Net cash flows from (used in) operations -119653000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 12983000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -132636000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -132636000
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 55027000
Purchase of property plant and equipment 1960000
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 43000
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 53110000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities 53110000
Cash flows from used in financing activities
Proceeds from issuing shares 143810000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 45260000
Repayments of borrowings 117177000
Dividends paid 0
Interest paid 16341000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 55552000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 55552000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -23974000
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 -23974000
Cash and cash equivalents cash flow statement at beginning of period 29210000
Cash and cash equivalents cash flow statement at end of period 5236000


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 49470000
Reserves and surplus 112151000
Money received against share warrants 0
Total shareholders' funds 161621000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 53363000
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 3043000
Total non-current liabilities 56406000
6 Current liabilities
Short-term borrowings 98735000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 270197000
Total Trade payable 270197000
Other current liabilities 21973000
Short-term provisions 745000
Total current liabilities 391650000
Total equity and liabilities 609677000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 58928000
Producing properties
Intangible assets 0
Preproducing properties
Property, Plant and Equipment capital work-in-progress
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 58928000
ii Non-current investments 0
v Deferred tax assets (net) 41944000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 0
viii Other non-current assets 8216000
Total non-current assets 109088000
Current assets
Current investments 0
Inventories 166275000
Trade receivables 252959000
Cash and cash equivalents 2557000
Bank balance other than cash and cash equivalents 2679000
Short-term loans and advances 72480000
Other current assets 3639000
Total current assets 500589000
Total assets 609677000
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 Disclaimer of 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 Keyur Shah & Associates Yes 31-Jul-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 3018559000 0
2 Total Expenditure 2905235000 0
3 Net Profit/(Loss) -105546000 0
4 Earnings Per Share -23.19 0
5 Total Assets 609677000 0
6 Total Liabilities 609677000 0
7 Net Worth 161621000 0


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) Disclaimer of opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) During the course of the audit, we were informed that a major fire broke out at the companys premises on 15th February, 2025 resulting in the destruction of significant financial records, inventory, fixed assets, and supporting documents. Due to this incident, we were unable to obtain sufficient appropriate audit evidence concerning the existence, valuation, and completeness of inventory, fixed assets, and other records as on the balance sheet date. Accordingly, we are unable to determine whether any adjustments might have been necessary in respect of the said items. nIn view of the significance of the matter described above, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on the accompanying financial statements.
Textual Information(2) Not Quantifiable
Textual Information(3) Not quantifiable
Textual Information(4) The Management is unable to comment on the consequential impact of the above matter on the financial statement.
Textual Information(5) view remains unchanged considering the matters referred as above


Signatories details

Name of CEO / Managing director Balmukund Jhunjhunwala
Name of CFO Aanchal Choudhary
Name of audit committee chairman Abhishek sehgal
Name of statutory auditor Keyur Shah & Associates
Name of other signatory, if any, with designation
Place Noida
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 Sati Poly Plast limited Balmukund Jhunjhunwala Promoter & Managing Director Remuneration NA 1500000 654000 0
2 Sati Poly Plast limited Aditya Jhunjhunwala Promoter & CEO Remuneration NA 450000 169000 0
3 Sati Poly Plast limited Keshav Jhunjhunwala Promoter & Non-Executive Director Any other transaction Sitting Fees NA 15000 30000 45000
4 Sati Poly Plast limited Osho Tradeflex Private Limited Promoter Group Sale of goods or services NA 101564000 0 55730000
5 Sati Poly Plast limited Balmukund Jhunjhunwala Promoter & Managing Director Loan NA 1846000 208000 2054000 Loan 0 NA Loan 0 long term Unsecured Business Purpose
6 Sati Poly Plast limited Aditya Jhunjhunwala Promoter & CEO Loan NA 590000 0 590000 Loan 0 NA Loan 0 long term Unsecured Business Purpose
7 Sati Poly Plast limited Keshav Jhunjhunwala Promoter & Non-Executive Director Loan NA 0 50000 50000 Loan 0 NA Loan 0 long term Unsecured Business Purpose
8 Sati Poly Plast limited Osho Tradeflex Private Limited Promoter Group Purchase of goods or services NA 5528000 0 0
Total value of transaction during the reporting period 111493000