5399862026-01-012026-03-315399862026-03-315399862025-03-315399862025-04-012026-03-315399862026-01-012026-03-31in-capmkt:OtherExpenses1Member5399862025-04-012026-03-31in-capmkt:OtherExpenses1Member5399862026-03-31OtherNoncurrentFinancialAssetsDomain15399862026-03-31OtherNoncurrentAssetsDomain15399862026-03-31OtherCurrentFinancialAssetsDomain15399862026-03-31OtherCurrentAssetsDomain15399862026-03-31OtherNoncurrentFinancialLiabilitiesDomain15399862026-03-31OtherNoncurrentFinancialLiabilitiesDomain25399862026-03-31OtherNoncurrentLiabilitiesDomain15399862026-03-31OtherCurrentFinancialLiabilitiesDomain15399862026-03-31OtherCurrentFinancialLiabilitiesDomain25399862026-03-31OtherCurrentLiabilitiesDomain15399862026-01-012026-03-31in-capmkt:ReportableSegments1Member5399862026-01-012026-03-31in-capmkt:ReportableSegments2Member5399862025-04-012026-03-31in-capmkt:ReportableSegments1Member5399862025-04-012026-03-31in-capmkt:ReportableSegments2Member5399862026-01-012026-03-31in-capmkt:ReportableSegments1Member5399862026-01-012026-03-31in-capmkt:ReportableSegments2Member5399862025-04-012026-03-31in-capmkt:ReportableSegments1Member5399862025-04-012026-03-31in-capmkt:ReportableSegments2Member5399862026-01-012026-03-31in-capmkt:ReportableSegments1Member5399862026-03-31in-capmkt:ReportableSegments1Member5399862026-01-012026-03-31in-capmkt:ReportableSegments2Member5399862026-03-31in-capmkt:ReportableSegments2Member5399862026-01-012026-03-31in-capmkt:ReportableSegments1Member5399862026-03-31in-capmkt:ReportableSegments1Member5399862026-01-012026-03-31in-capmkt:ReportableSegments2Member5399862026-03-31in-capmkt:ReportableSegments2Member5399862026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15399862025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15399862026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares539986COMSYNNOTLISTEDINE073V01015COMMERCIAL SYN BAGS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-302026-05-26INRLakhsQuarterlyFourth quarterMulti segment2026-05-3017:00:002026-05-3017:50:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated1005550000141450001019695000459109000113760003809600018052200024321000274920001974850009384010008129400008129400016194000167300017867000063427000000063427000646400069891000403392000101.591.51001.591.51Notes to Audited Consolidated Financial Results for the quarter and year ended on 31st March, 2026: <BR> <BR> 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 step down subsidiary Comsyn International Private Limited (formerly known as Erawat Vegcap Private Limited) and its associate Smartlift Bulk Packaging Limited in UK (along with its wholly owned subsidiary Smartlift Bulk Packaging (Ireland) Limited, Ireland) for the quarter and year ended on 31st March, 2026 have been prepared in accordance with the Indian Accounting Standard as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules as amended from time to time. <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, 2026 and unaudited published year-to-date figures upto 31st December, 2025 being the date of end of the third quarter of financial year respectively which were subject to limited review. <BR> <BR> 3. The audited results of Commercial Syn Bags and Comsyn India Private Limited and Comsyn International Private Limited (formerly known as Erawat Vegcap 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, 2026 have been approved and recommended by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on 30th May, 2026. <BR> <BR> 4. Statutory Auditors of the Company have carried out Audit of the books of Accounts for the Financial Year 2025-2026 and issued us an Audit Report with unmodified opinion. <BR> <BR> 5. The Company operates in three segments i.e. (a) Manufacture and sale of FIBC, Woven Sacks/Bags, Tarpaulin, Pond Liner, Liner and other plastic products (b) Trading of Granules (c) Solar Power generation. <BR> The segment for Manufacture and sale of FIBC, Woven Sacks/Bags, Tarpaulin, Pond Liner, Liner and other plastic products 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, 2026. <BR> <BR> 6. Previous Year and Previous Quarter(s) figures have been regrouped / reclassified wherever necessary to confirm to this period classification. <BR> <BR> 7. The Company has solar power project of 1.0 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 has received in principal approval for issuance of the warrants on preferential basis from NSE and BSE and the Board of Directors in their meeting held on 20th March 2025 allotted 20,00,000 convertible warrants of Rs. 72/- each to the promoters and promoter group. The Company has received 25% upfront money i.e. Rs. 360.00 Lakhs and utilized the same as per the object of the preferential issue as stated in the Notice of EGM. <BR> During the quarter ended 31st March, 2026, the Company has received necessary amount for the conversion of 3,87,000 warrants into equity shares by one of the proposed allottee from promoter group and the Company in its board meeting on 30th March, 2026 has approved the allotment of 3,87,000 shares. There is no deviation and the amount received has been utilized for the object of issue. <BR> The Company has also received the listing and trading approval from both exchanges. <BR> 10. The Government of India notified the provisions of the four new Labour Codes ("Labour Codes") on 21st November 2025, thereby consolidating twenty-nine existing labour laws into a comprehensive and unified framework. Among other changes, the Labour Codes provide a unified definition of "wages" to be applied across various employee benefit computations. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The incremental impact of these changes, assessed by the Company, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material and has been recognized in the standalone and consolidated financial results of the Company for the year ended 31st March, 2026. The Company continues to monitor the finalization of Central/State Rules and clarification from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> <BR> 11. Comsyn India Private Limited has taken a land from MPIDC � RO Indore on 99 years lease. The lease period of this land is from 12th January, 2022 to 11th January, 2121. The construction on this leasehold land is already started and subsequently Central Government on 24th June, 2024 had issued a notification u/s 3A of the National Highways Act, 1956 for acquisition of this land for the development projects of NHAI. <BR> After this notification, we are forced to stop our construction work. We have raised our objection against this acquisition before the Competent Authority (Sub Divisional Magistrate) and file a writ petition before the Hon�ble High Court bench at Indore. The part of our leasehold land is subject matter of acquisition and exact area to be acquired from our leasehold land is yet to be demarcated. We have prayed for the following relief in our writ petition � <BR> <BR> - to set aside the impugned notification related to acquisition, or <BR> <BR> - in the alternative, order an appropriate compensation <BR> <BR> The matter is yet to be decided by the Hon�ble Court and the court as an interim relief has issued the order that the Company shall not be disposed from the land. <BR> <BR> Central Government has also issue notification u/s 3D of National Highway Act, 1956 on 10th June, 2025. <BR> As the company is in possession of the land so it will continue the lease liabilities and right of use assets in respect of lease hold land in the financial statement till the final order by Hon'ble High Court. <BR> 13. The construction for setting up of factory of Comsyn International Private Limited (formerly known as Erawat Vegcap Private Limited) and the expansion of SEZ and Techtex units is currently in progress. Capital expenditure incurred on the expansion up to the reporting date has been capitalized and carried under Capital Work in Progess in Balance Sheet. The Company will intimate the commencement of operations of the expanded capacity in due course. <BR> <BR> 14. The EPS has been calculated on the basis of Weighted Average Number of shares outstanding in the given year. <BR> 2025-04-012026-03-31AuditedConsolidated387004100026240000389628100019155170005501000047968000652989000912190001086620007185060003589871000306410000030641000059664000-16475000431890000263221000000026322100064640002696850004033920001013716880006.596.27006.596.27Other Expenses197485000Other Expenses7185060001042530000260775000020063000466000000236924000016094100062392000460257000015900000179999100082539700006538190004715000519650002743000152100071476300002432040001783364000003583355000403392000137168800017750800001775080000267106000000780870003451930004438600019157000004087360009341910004375400017526700021902100062479000121569100016950800077810006559000013995390000018082750003583355000Other financial assets62392000Other non-current assets15900000Other financial assets1521000Other current assets243204000Lease Lianilities78087000Other Financial libilities0Other non-current liabilities0Lease liabities5779000Other financial liability56700000Other current liabilities169508000Segment -A Manufacturing1000604000Segment-B other Segment4946000Segment -A Manufacturing3842576000Segment-B other Segment27465000100555000038700410000010055500003870041000Segment -A Manufacturing122359000Segment-B other Segment10748000Segment -A Manufacturing473794000Segment-B other Segment3249700013310700050629100024321000912190002749200010866200081294000306410000Segment -A Manufacturing3316228000Segment-B other Segment267127000358335500003583355000Segment -A Manufacturing1646495000Segment-B other Segment16178000018082750001775080000358335500091220000-18219000-2249970000-58055000-10941000-2622000121513000-7829000335460000380150000108662000329460007781000939000512130000002831100000-768000142900007771000014482900045123900000061949000038929000004888000000583590000028340004016930000000000200630000000000000283110000767000-45309100000208980000000065691000-6702400040100015982000851990000052031000-117700000-11770000164860004716000Item that will not be classified to Profit and loss77710007771000Item that will not be classified to Profit and loss77710007771000130700013070000064640006464000AuditedtrueAshok Kumar Agrawal and Associatestrue2027-07-31