COMSYN2023-10-012023-12-31 COMSYN2023-10-012023-12-31 COMSYN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member COMSYN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member COMSYN2023-12-31 COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member COMSYN2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member COMSYN2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member COMSYN2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member COMSYN2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member COMSYN2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member COMSYN2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member COMSYN2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539986 COMSYN NOTLISTED Commercial Syn Bags Limited Equity 2023-04-01 2024-03-31 2024-02-13 2024-02-07 INR Lakhs Third quarter 11:30:00 18:50:00 2024-02-13 2024-02-13 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 710709000.00 2424000.00 713133000.00 354796000.00 29524000.00 37892000.00 129387000.00 16482000.00 27870000.00 119136000.00 715087000.00 -1954000.00 0.00 -1954000.00 897000.00 -345000.00 552000.00 0.00 -2506000.00 0.00 0.00 0.00 0.00 -2506000.00 0.00 -2506000.00 0.00 0.00 0.00 0.00 399522000.00 10 -0.06 -0.06 0.00 0.00 -0.06 -0.06 0.00 0.00 0.00 Notes to Unaudited Consolidated Financial Results for the quarter and nine month ended on 31st December, 2023: 1.This unaudited consolidated financial results of Commercial Syn Bags Limited and its subsidiary Comsyn India Private Limited for quarter and nine months ended on 31st December, 2023 have been prepared in accordance with the Indian Accounting Standard (referred to as Ind AS 34 ) Interim Financial Reporting as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. 2.The above unaudited consolidated financial results of the Company for the quarter and nine months ended on 31st December, 2023 have not been audited by statutory auditors and they have provided their limited review report. The report does not have any impact on the above results and notes which needs any explanation. However, the management has exercised necessary due diligence to ensure that the standalone financial results provides true and fair view of the Company’s affairs. 3.This unaudited consolidated financial results of the Company and its subsidiary for the quarter and nine months ended on 31st December, 2023 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their meeting held on 13th February, 2024. 4.The Company operates in three segments i.e. (a) Manufacture and sale of FIBC, Bulk Bags, Poly Tarpaulin, Woven Sacks/Bags, Box Bags, PP/HDPE Fabric, Liner and (b) Trading of Granules (c) Solar Power generation for Captive Consumption. 5.The figures for the previous year/period have been re-grouped, re-arranged wherever necessary to confirm to the current period presentation. 6.Commercial Syn Bags Limited is a parent entity and Comsyn India Private Limited is its wholly owned subsidiary (WoS) which is incorporated on 26th August, 2020. The Company has presented the consolidated and standalone financial results as on the reporting date 7. The Company has already commenced commercial production of its new manufacturing unit Techtex (A unit of Commercial Syn Bags Limited) situated at Plot Nos A-12 & A-13, Indore Special Economic Zone, Pithampur Phase – 2, Dhar, Madhya Pradesh on 11th March, 2023. The capacity addition with the commencement of this unit is 3900 MTPA and the total capacity of the Company is 24530 MTPA. The Company is carrying Rs. 702.91 Lakhs as Capital Work in Progress for Building, Plant and Machinery which will be capitalized in due course of time. The results for the quarter under review is mainly affected due to depreciation and operational expenses of this manufacturing unit. This unit is yet to attain its optimum capacity and we are anticipating that it will contribute to overall profits in the next financial year. 8. The Company has entered into Share Purchase and Shareholders’ Agreement for the purchase of 500 shares of Smartlift Bulk Packaging Limited from Mr. Trevor Bland and Mrs. Rebecca Lucy Bland on 21st December, 2023 for a consideration of GBP 21,75,000 as a result of which Smartlift Bulk Packing Limited will become an Associate of the Company. 9. The Company is listed on the main board of National Stock Exchange of India Limited (NSE) w.e.f 23rd January, 2024 with the scrip code “COMSYN”. 10. The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective 11. The Company has solar power project of 1.0 MW for Captive Consumption of power. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 2188070000.00 10677000.00 2198747000.00 1219455000.00 82431000.00 -28423000.00 373935000.00 53236000.00 81206000.00 360701000.00 2142541000.00 56206000.00 0.00 56206000.00 12204000.00 -2428000.00 9776000.00 0.00 46430000.00 0.00 0.00 0.00 0.00 46430000.00 0.00 46430000.00 0.00 0.00 0.00 0.00 399522000.00 10 1.16 1.16 0.00 0.00 1.16 1.16 0.00 0.00 0.00 OTHERS 119136000.00 OTHERS 360701000.00 Segment A Manufacturing 703909000.00 Segment B other 6800000.00 Segment A Manufacturing 2169467000.00 Segment B other 18604000.00 710709000.00 2188071000.00 0.00 0.00 710709000.00 2188071000.00 Segment A Manufacturing 9620000.00 Segment B other 4908000.00 Segment A Manufacturing 91467000.00 Segment B other 17975000.00 14528000.00 109442000.00 16482000.00 53236000.00 0.00 0.00 -1954000.00 56206000.00 Segment A Manufacturing 2209392000.00 Segment B other 251511000.00 2460903000.00 0.00 2460903000.00 Segment A Manufacturing 1029013000.00 Segment B other 180129000.00 1209142000.00 0.00 1209142000.00 0.00 0.00 0.00 0.00