5399862025-01-012025-03-315399862025-03-315399862024-03-315399862024-04-012025-03-315399862025-01-012025-03-31in-capmkt:OtherExpenses1Member5399862024-04-012025-03-31in-capmkt:OtherExpenses1Member5399862025-01-012025-03-31in-capmkt:ReportableSegments1Member5399862025-01-012025-03-31in-capmkt:ReportableSegments2Member5399862024-04-012025-03-31in-capmkt:ReportableSegments1Member5399862024-04-012025-03-31in-capmkt:ReportableSegments2Member5399862025-01-012025-03-31in-capmkt:ReportableSegments1Member5399862025-01-012025-03-31in-capmkt:ReportableSegments2Member5399862024-04-012025-03-31in-capmkt:ReportableSegments1Member5399862024-04-012025-03-31in-capmkt:ReportableSegments2Member5399862025-01-012025-03-31in-capmkt:ReportableSegments1Member5399862025-03-31in-capmkt:ReportableSegments1Member5399862025-01-012025-03-31in-capmkt:ReportableSegments2Member5399862025-03-31in-capmkt:ReportableSegments2Member5399862025-01-012025-03-31in-capmkt:ReportableSegments1Member5399862025-03-31in-capmkt:ReportableSegments1Member5399862025-01-012025-03-31in-capmkt:ReportableSegments2Member5399862025-03-31in-capmkt:ReportableSegments2Member5399862025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15399862024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15399862025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares539986COMSYNNOTLISTEDINE073V01015COMMERCIAL SYN BAGS LIMITEDMain BoardEquity2024-04-012025-03-312025-05-302025-05-23INRLakhsQuarterlyFourth quarterMulti segment2025-05-3017:00:002025-05-3021:35:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31AuditedConsolidated977860000225080001000368000478757000219940005731500015445900022030000519000015147600089122100010914700001091470001836000010085000284450000807020000000807020005912000866140000000399522000102.022.02002.022.02Notes to Audited Consolidated Financial Results for the quarter and year ended on 31st March 2025 <BR> <BR> 1 The standalone financial results have been prepared in accordance with the Companies Indian Accounting Standard Rule 2015 IndAS as prescribed under Section 133 of the Companies Act 2013 and other recognized accounting practices and policies to the extend applicable <BR> 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 <BR> <BR> 2 The figures for the last quarter are the balancing figures between audited figures in respect of full financial year upto 31st March 2025 and unaudited published year to date figures upto 31st December 2024 being the date of end of the third quarter of financial year respectively which were subject to limited review <BR> <BR> 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 2025 have been approved and recommended by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on 30th May 2025 <BR> <BR> 4 Statutory Auditors of the Company have carried out Audit of the books of Accounts for the Financial Year 2024 2025 and issued us an Audit Report with unmodified opinion <BR> <BR> 5 The Company operates in three segments ie 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 <BR> 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 2025 <BR> <BR> 6 Previous Year and Previous Quarter figures have been regrouped reclassified wherever necessary to confirm to this period classification <BR> <BR> 7 The Company has solar power project of 1 MW for Captive Consumption of power <BR> <BR> 8 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 <BR> <BR> 9 The Company manufacturing unit Techtex situated at Plot No A12 and A13 Indore Special Economic Zone, Pithampur Phase 2 Dhar Madhya Pradesh is yet to achieve its optimum capacity <BR> <BR> 10 The members of the Company at its 01 2024 25 Extra Ordinary General Meeting held on 10th January 2025 has approved the increase in the Authorised Capital of the Company from existing Rs 4000 Lakhs to Rs 4250 Lakhs and consequent alteration of the Memorandum of Association of the Company Further the member of the Company has also authorised the Board of Directors of the Company for issuance of 2000000 warrants of Rs 72 each convertible into equity shares of Rs 10 each at a premium of Rs 62 per share on a preferential basis to the promoters and promoters group of the Company <BR> The Company has received in principal approval for issuance of the warrants on preferential basis from NSE and BSE and the Board of Directors, in its meeting held on 20th March 2025 allotted 2000000 convertible warrants of Rs 72 per warrants to the promoters and promoter group The Company has received 25 percent upfront money ie Rs 360 Lakhs and utilized the same as per the object of the preferential issue. <BR> <BR> 11 The Company has further acquired 1 percent ie 10 shares in Smartlift Bulk Packaging Limited, U.K. by payment of agreed consideration of GBP 43500 to Mr Trevor William Bland With this acquisition the Company now holds 50 percent of the paid up share capital of Smartlift Bulk Packaging Limited <BR> <BR> 12 The Company has filed an appeal before the Commissioner Appeals Indore against the order passed by Assistant Commissioner Customs for failure to fulfil the export obligation and non submission of EODC thereby demanding the Custom Duty with interest and penalty The matter is remanded back to the Assistant Commissioner Customs and the case is finally adjudicated in favour of Company dropping the demand, interest and penalty The Company received back the amount deposited in appeal along with interest <BR> <BR> 13 Comsyn India Private Limited a wholly owned subsidiary of the Company has acquired 100 percent equity shareholding of Erawat Vegcap Private Limited through a Share Purchase Agreement SPA dated 12th April 2025 for a total consideration of Rs 551 Lakhs <BR> Following the completion of this transaction Erawat Vegcap Private Limited has become a wholly owned subsidiary of Comsyn India Private Limited. Consequently Commercial Syn Bags Limited is the ultimate holding company of Erawat Vegcap Private Limited <BR> 2024-04-012025-03-31AuditedConsolidated3478195000402870003518482000183066900070142000-580780005833160009360500088177000696520000330435100021413100002141310003870700042170004292400001712070000000171207000591200017711900000003995220001011333740004.294.29004.294.29Other Expenses151476000Other Expenses6965200009972330001645500000140000002348740000102581000597700003972250000495900014158860008071770000461770000164860004413600011549900071770006450680002353400018514900016609280000030768140003995220001100957000150047900001500479000201415000000780760002794910004344600035632000003585690008671670003611200014936300018547500025570001055199000131494000031073000012177660000015763350003076814000Segment -A Manufacturing969745000Segment-B other Segment8115000Segment -A Manufacturing3451018000Segment-B other Segment271770009778600003478195000009778600003478195000Segment -A Manufacturing123618000Segment-B other Segment7559000Segment -A Manufacturing281845000Segment-B other Segment25891000131177000307736000220300009360500000109147000214131000Segment -A Manufacturing2898490000Segment-B other Segment178324000307681400003076814000Segment -A Manufacturing1488698000Segment-B other Segment8763700015763350000157633500093605000-85729000-414190000-12867000044680003464000-121089000-3588000145530000211730000881770001278000-46270009221000-2239000-2000000023347000000037300007016000-17993000-1822160003191500000021742000010173000083680000003367000007323700094007000000000000000179930000000109390003745500000-2104000000360000000000-107558000-170664000786200008746500000377900011848000011848000463800016486000Item that will not be classified to Profit and loss70160007016000Item that will not be classified to Profit and loss70160007016000110400011040000059120005912000AuditedtrueAshok Kumar Agrawal and Associatestrue2027-07-31