COMSYN2024-01-012024-03-31 COMSYN2024-01-012024-03-31 COMSYN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member COMSYN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member COMSYN2024-03-31 COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member COMSYN2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member COMSYN2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member COMSYN2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member COMSYN2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member COMSYN2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member COMSYN2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member COMSYN2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539986 COMSYN NOTLISTED Commercial Syn Bags Limited Equity 2023-04-01 2024-03-31 2024-05-30 2024-05-21 INR Lakhs Yearly 17:00:00 23:00:00 2024-05-30 2024-05-30 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Consolidated 696277000.00 22731000.00 719008000.00 366228000.00 67313000.00 -101458000.00 137617000.00 30849000.00 28119000.00 139183000.00 667851000.00 51157000.00 0.00 51157000.00 6869000.00 12136000.00 19005000.00 0.00 32152000.00 0.00 0.00 0.00 0.00 32152000.00 3448000.00 35600000.00 0.00 0.00 0.00 0.00 399522000.00 10 0.81 0.81 0.81 0.81 1.62 1.62 Notes to Audited Consolidated Financial Results for the quarter and year ended on 31st March, 2024: 1.The audited consolidated financial results of the Group comprises of results of parent Commercial Syn Bags Limited, its wholly owned subsidiary Comsyn India Private Limited and its associate Smartlift Bulk Packaging Limited (along with its wholly owned subsidiary Smartlift Bulk Packaging (Ireland) Limited) for the quarter and year ended on 31st March, 2024 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 the Companies (Indian Accounting Standards) Rules as amended from time to time. Smartlift Bulk Packaging Limited is a private limited company limited by shares incorporated in England and Wales and domiciled at United Kingdom. Smartlift Bulk Packaging (Ireland) Limited is a wholly owned subsidiary of Smartlift Bulk Packaging Limited is a company limited by shares incorporated and registered in the Republic of Ireland and domiciled at Ireland. 2.The figures of the last quarter are the balancing figures between audited figures in respect of full financial year upto 31st March, 2024 and unaudited published year-to-date figures upto 31st December, 2023 being the date of end of the third quarter of financial year respectively which were subject to limited review. 3.The audited consolidated financial results of the Group comprises of results of parent Commercial Syn Bags Limited, its wholly owned subsidiary Comsyn India Private Limited and its associate Smartlift Bulk Packaging Limited in UK (along with its wholly owned subsidiary Smartlift Bulk Packaging (Ireland) Limited Ireland. The audited results of Commercial Syn Bags and Comsyn India Private Limited and un audited results of Smartlift Bulk Packaging Limited and its wholly owned subsidiary for the quarter and year ended on 31st March, 2024 have been approved and recommended by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on 30th May, 2024. 4.Statutory Auditors of the Company have carried out Audit of the books of Accounts for the Financial Year 2023-2024 and issued us an Audit Report with unmodified opinion. 5.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. The segment for Manufacture and sale of FIBC, Bulk Bags, Poly Tarpaulin, Woven Sacks/Bags, Box Bags, PP/HDPE Fabric, and Liner meets the quantitative thresholds and is considered as reportable segment. Financial information of other segments (b) and (c) have been shown in ‘ All other Segments’ as these do not fall within the criteria for segmental report as on 31st March, 2024. 6.Previous Year and Previous Quarter(s) figures have been regrouped / reclassified wherever necessary to confirm to this period classification. 7.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. Further the Company has acquired the equity shares of Smartlift Bulk Packaging Limited (Foreign company) and its wholly owned subsidiary as its associate. The Company has presented the consolidated and standalone financial results as on the reporting date. 8.The Company has solar power project of 1.0 MW for Captive Consumption of power. 9.Some balances of Trade Receivables and recoverable shown under Assets and Trade and Other Payables shown under Liabilities include balances subject to confirmation/reconciliation and consequential adjustments if any. However, reconciliations are carried out on ongoing basis. The management does not expect any material adjustment in the books of accounts as a result of the reconciliation. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 2884347000.00 33408000.00 2917755000.00 1585682000.00 149744000.00 -129881000.00 511552000.00 84085000.00 109325000.00 499886000.00 2810393000.00 107362000.00 0.00 107362000.00 19072000.00 9708000.00 28780000.00 0.00 78582000.00 0.00 0.00 0.00 0.00 78582000.00 3448000.00 82030000.00 0.00 0.00 0.00 0.00 399522000.00 10 887839000.00 1.97 1.97 1.97 1.97 3.94 3.94 Other Expenses 139183000.00 Other Expenses 499886000.00 0.00 1080560000.00 1132000.00 0.00 0.00 17000.00 0.00 0.00 0.00 221846000.00 0.00 94214000.00 62634000.00 378694000.00 0.00 9427000.00 1469830000.00 721448000.00 0.00 424080000.00 4638000.00 40549000.00 1587000.00 0.00 470854000.00 10529000.00 56479000.00 1259310000.00 0.00 0.00 2729140000.00 399522000.00 887839000.00 1287361000.00 1287361000.00 308973000.00 72605000.00 200000.00 381778000.00 34225000.00 31414000.00 0.00 7363000.00 454780000.00 696503000.00 170922000.00 4625000.00 872050000.00 110214000.00 4735000.00 986999000.00 1441779000.00 2729140000.00 Segment A Manufacturing 678719000.00 Segment B Other Segments 6881000.00 Segment A Manufacturing 2858862000.00 Segment B Other Segments 25485000.00 685600000.00 2884347000.00 685600000.00 2884347000.00 Segment A Manufacturing 99988000.00 Segment B Other Segments 10137000.00 Segment A Manufacturing 269941000.00 Segment B Other Segments 30832000.00 110125000.00 300773000.00 30849000.00 84085000.00 28120000.00 109325000.00 51156000.00 107363000.00 Segment A Manufacturing 2546289000.00 Segment B Other Segments 182851000.00 2729140000.00 Segment A Manufacturing 1334344000.00 Segment B Other Segments 107435000.00 1441779000.00 84085000.00 -140173000.00 -147771000.00 0.00 29450000.00 20632000.00 -1555000.00 2052000.00 6883000.00 18599000.00 0.00 24040000.00 0.00 109325000.00 1230000.00 1318000.00 4775000.00 -12217000.00 200000.00 0.00 0.00 31516000.00 0.00 0.00 0.00 0.00 2500000.00 4062000.00 -1148000.00 -25229000.00 82133000.00 0.00 0.00 0.00 21179000.00 0.00 60954000.00 0.00 30862000.00 0.00 0.00 0.00 1230000.00 1148000.00 0.00 60755000.00 124749000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 224667000.00 0.00 0.00 0.00 0.00 0.00 31518000.00 0.00 0.00 0.00 -288087000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -358272000.00 36307000.00 12434000.00 0.00 78380000.00 0.00 0.00 231151000.00 4018000.00 0.00 4018000.00 620000.00 4638000.00 4062000.00 4062000.00 614000.00 614000.00 0.00 0.00