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27-05-2025 | 02:39 pm

RIDHI SYNTHETICS LIMITED

Regd. Office: 11-B, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021

Tel. No. :022 22042554; Email add.: ridhisyntheticsltd@gmail.com

CIN : L51900MH1981PLC025265 website:www.ridhisynthetics.com

To, The Secretary, 27.05.2025

BSE Limited

Dalal Street, Fort, Mumbai - 400 001

Re : Script Code 504365

Subject : Integrated Filing (Financial) for the quarter and year ended March 31, 2025,

Dear Sir / Madam,

This is to inform you that the Board of Directors at its meeting held today, i.e. 27" May, 2025, inter alia, approved

audited financial results of the Company for the quarter and financial year ended March 31, 2025.

Pursuant to SEB! Circulars No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, read with

BSE Circular No. 20250102-4 dated January 2, 2025, we are submitting herewith the integrated filling (Financial) for

the quarter and year ended 31st March, 2025.

A. FINANCIAL RESULTS

Enclosed.

B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE,

PREFERENTIAL ISSUE, QUALIFIED INSTITUTION PLACEMENT ETC.

Enclosed.

C. QUARTERLY DISCLOSURE OF OUTSTANDING DEFAULT ON LOANS / DEBT SECURITIES

Not Applicable, No default.

D. DISCLOSURE OF RELATED PARTY TRANSACTION (applicable only for half-yearly filings)

Enclosed (Related Party Transaction of second half year of FY 2024-25).

E, STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT QUALIFICATIONS (FOR AUDIT

REPORT WITH MODIFIED OPINION) SUBMITTED ALONG-WITH ANNUAL AUDITED FINANCIAL

RESULTS (Standalone and consolidated separately) (applicable only for Annual Filing)

Enclosed — Declaration of Unmodified Opinion.

An extract of the aforementioned results will be published in the newspapers in accordance with Regulation

47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board Meeting commenced at 1.30 pm and concluded at 2.15 pm.

Kindly acknowledge the receipt.

Thanking You,

Yours faithfully,

For RIDH] SYNTHETICS LIMITED

Wryrave A

Vishal Chaturvedi

Wholetime Director

Din: 10043860

----------------Page (0) Break----------------

RIDHI SYNTHETICS LIMITED

11B, MITTAL TOWER, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021

CIN : L51900MH1981PLC025265

Tel. No. : 022 - 22042554 / 22047164 L

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED ON 31°" MARCH, 2025 |

(Rs. In Lakh except per share data)

QUARTER ENDED YEAR ENDED

. 31.03.2025 | 31.12.2024 | 34.03.2024 | 31.03.2025] 31.03.2024 Bitte RerGestans Audited (Ref

Audited (Ref

Note 4) Unaudited Note 4) Audited Audited

1 {Income

(a) Revenue from Operations 10.85 10.85 10.85 43.41 43.41

(b) Other Income 27.96 45.76 37.93 163.05 190.61

Total Income 38.81 56.61 48.78 206.46 234,02

2 |Expenses

(a) Cost of Material Consumed - - - - -

(b) Purchase of Stock-in-trade - - - - n

Work-in-Progress and Stock-in-Trade

(d) Employee Benefit Expenses 9.93 9.79 9.69 40.34 34.70

(e) Finance Cost - - - .

(f) Depreciation and Amortisation Expenses 1.28 1.13 3.62 4.54 3.58

(g) Other Expenses 5.77 8.92 3.07 18.51 10.37

Total Expenses 16.98 19.84 16.28 63.39 48.66

3 |Profit/(Loss) before exceptional items and tax (1-2) 21,83 36.77 32.50 143.07 185.36

4 |Exceptional Items - - - - - 5

|Profit/(Loss) before tax (3-4) 21.83 36.77 32.50 143.07 185.36

6 |Tax Expenses

(a) Current Tax 3.06 10.42 10.69 33.71 44.67

(b) Deferred Tax 2.21 (1.36) (7.19) 1.07 (8.93)

7 |Profit/(Loss) for the period/year (5-6) 16.56 26.48 29.00 107.06 149.62

8 |Other Comprehensive Income (OCI)

(A) (i) Items that will not be reclassified to Profit and Loss: (159.71) (774.98) 541.31 (821.47)| 1,406.87

(ii) Income Tax effect on above 22.84 107.70 (66.88) 26.78 (160.95)

(B) Items that will be reclassified to the Profit and Loss - - - - “

Total Other Comprehensive Income| (136.87) (667.28) 474,43 (794.69)| 1,245.92

9 |Total Comprehensive Income (after Tax) (7+8) (120.31) (640.80) 503.43 (687.63)| 1,395.54

10 |Paid-up Equity Share Capital 120.20 120.20 120.20 120.20 120.20

(Face value of Re.10/- each) .

11 |Other Equity excluding revaluation reserve 4,865.90} 5,553.53

12 |Earnings per share (Rs.)(* Not Annualised)

Basic & Diluted 1,38) * 2.20 * 2.41 * 8.91 12.45

Notes to the financial results:

4 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 27"

May,2025. The Statutory Auditor has issued audit report with unmodified opinion on the above results.

The Company operates in single business segment and hence, the information pursuant to IND-AS-108 is not applicable.

The figures for the corresponding previous period/year have been rearranged/regrouped/reclassified wherever necessary, to make

them comparable,

The figures for the quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures of the

full financial year and the published/restated year to date figures upto the third quarter of the respective financial year.

For and on Behalf of the Board

Verh

Vishal Chaturvedi

Whole Time Director

Date: 27" May,2025

Place: Mumbai

----------------Page (1) Break----------------

RIDHI SYNTHETICS LIMITED

11B, MITTAL TOWER, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021

CIN : L51900MH1981PLC025265

Tel. No. : 022 - 22042554 / 22047164

BALANCE SHEET AS AT 31°" MARCH, 2025 |

(Rs. In Lakh)

As at As at

Particulars 31.03.2025 | 31.03.2024

(Audited) (Audited) |. ASSETS

1. Non-Current Assets

(a) Property,plant and equipment 267.64 39.01

(b) Capital work-in-progress - -

(i) Investments 3,905.27 5,726.68

(ii) Others Financial Assets 0.59 131.62

(d) Non-Current tax assets (net) 43.13 19.63

(e) Other non-current assets 47.11 47.11

Total non-current assets 4,263.74 5,964.05

2. Current Assets

(a) Financial Assets

(i) Investments 1,047.24 77.61

(ii) Cash and Cash Equivalents 2.98 1.00

(iii) Others Financial Assets 2.50 2.50

Total Current assets 1,052.72 81.11

TOTAL ASSETS 5,316.46 6,045.16

Il. EQUITY AND LIABILITIES

Equity

(a) Share Capital 120.20 120.20

(b) Other Equity 4,865.90 5,553.53

4,986.10 5,673.73 Liabilities

1. Non-Current Liabilities

(a) Deferred tax Liabilities (net) 319.82 353.62

319.82 353.62 2. Current Liabilities

(a) Financial Liabilities

(i) Trade payables

a) Total Outstanding dues of Micro and Small Enterprises - -

b) Others 3.60 3.00

(iii) Other Financial Liabilities 1.00 1.00

(b) Other Current Liabilities 1.87 2.25

(d) Current Tax Liabilties(Net) - 9.14

10.54 17.81 TOTAL EQUITY AND LIABILITIES

5,316.46 6,045.16

Date: 27" May,2025

Place: Mumbai

VACA al

Vishal Chaturvedi

Whole Time Director

For and on Behalf of the Board

----------------Page (2) Break----------------

RIDHI SYNTHETICS LIMITED

Cash Flow Statement for the year ended on 31° March, 2025

(Rs. In Lakh)

Particulars Ferie year ended robite year ended

31° March, 2025 31° March, 2024

A. CASH FLOW FROM OPERATING ACTIVITIES

Net Profit before tax as per Statement of Profit and Loss 143.07 185.36

Adjusted for:

Depreciation and Amortization Expense 4.54 3.59

Dividend (13.51) (11.87)

Fair value changes (net) on financial assets classified as fair value through

profit and loss (8.93) (4.58)

Profit on Sale of Investments (3.93) (45.06)

Interest on NCD (136.31) (129.10)

Interest on IncomeTax Refund (0.37) -

158.51) (187.02) Operating

Profit before Working Capital Changes (15.44) (1.66)

Adjusted for:

Changes in other Current Assets 1.93 12.81

Changes in Current Liabilities 1.87 0.25

3.80 13.06 Cash used

in Operations (11.64) 11.40

Taxes paid (75.68) (36.62)

Net Cash (Used in)/from Investing Activities (87.32) (25.22)

B. CASH FLOW FROM INVESTING ACTIVITIES

Dividend Income 13.51 11.87

Purchase of Investments (1,626.22) (1,402.31)

Purchase of Capital work in progress/Fixed Assets (233.17) _ (18.07)

Sale of Investments 1,669.40 1,433.43

Interest received 265.78 -

Net Cash (used in)/ from Investing Activities 89.30 24.92

Cc. CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from issue of Share Capital - -

Proceeds from Long Term Borrowings - :

Net Cash from Financing Activities - -

Net Increase/(Decrease) in Cash and Cash Equivalents 1.98 (0.30)

Opening Balance of Cash and Cash Equivalents 1.00 1.30

Closing Balance of Cash and Cash Equivalents 2.98 1.00

Components of Cash and Cash Equivalents

Balance with Bank in Current Accounts 2.98 1.00

Cash on Hand

Less: Working Capital Loan from Bank Repayable on Demand

Date: 27" May,2025

Place: Mumbai

For and on Behalf of the Board

Vir hel

Vishal Chaturvedi

Whole Time Director

----------------Page (3) Break----------------

Ridhi Synthetics Limited

Related Party Disclosure

(All amount in Lakh, unless otherwise stated)

Disclosure of transactions between the Group and Related Parties and the status of Outstanding Balances as on

31 March, 2025

Holding Company:

Fellow Subsidiaries:

Key Management personnel:

Not Appcliable

Remuneration paid to:

Executive Directors

Vishal Chaturvedi

Campany Secretary

Ajay Kumar

C.F.O.

Sunil Sharma

Remuneration Payable

Vishal Chaturvedi

Sunil Sharma

Ajay Kumar

Terms and conditions of transactions with related parties

Nil

Period Ended

31-03-2025

12.00

2.64

24.00

1.15

2.15

0.22

3153

42.17

Period Ended

31-03-2024

Nil

9.60

2.64

20.40

0.69

1.30

0.22 2.21

34.85

All realted Party Transactions entered during the period were in ordinary course of the business and on arm's length basis.

Outstanding balance at the period end are unsecured and settlement occurs in cash

Other Related Parties with whom the company has transacted during the period

(I) Key Management Personnel

(a) Executive Directors: Vishal Chaturvedi

----------------Page (4) Break----------------

RIDHI SYNTHETICS LIMITED

11-B, MITTAL TOWER,FPJ MARG, Nariman Point, Mumbai 400021

Tel. No. : 022 - 2204 2554 / 2204 7164

CIN: LsTodoMFtoe1Pl.coz6ze5

EXTRACT OF STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER! YEAR ENDED 31°" MARCH, 2025.

(Rs. In Lakhs ) Quarter Quarter Quarter Ended| Year Ended Year Ended

Ended Ended 31.03.2024 31.03.2025 31.03.2024 31.03.2025 34.12.2024 (Audited) (Audited) (Audited)

(Audited) (Unaudited) Total Income from Operations 10.85 10.85 10.85

43.41 43.41 Net Profit / (loss) for the period (before tax, Exceptional and/or Extraordinary items) ordinary

activites after tax 21.83 36.77 32.50 143.07 185.36

Net Profit / (loss) for the period before tax (after Exceptional and/or Extraordinary items) 21.83 36.77 32.50

143.07 185.36 Net Profit / (loss) for the period after tax (after Exceptional and/or Extraordinary items)

16.56 26.48 29.00 107.06 149.62 Total Comprehensive Income for the period [Comprising Profit/(loss) for the period (after tax)

and other Comprehensive Income (after tax)] (120.31) (640.80) 503.43 (687.63) 4,295.54 Equity Share Capital

120.20 120.20 120.20 120.20 120.20 Earnings Per Share (of Rs. 10/- each) (For continuing and discontinued operations)-

Basic and Diluted 1.38 2.20 2.41 8.91 12.45,

NOTE:

1) The above is an extract of the detailed format of Quarterly / Year ended 31 March, 2025 Financial Results filed with the Stock Exchange under Regulation 33 of the SEB|

(Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI circular dated 5" July, 2016. The full format of the Qarterly/ Year end Financial Results is available on the Stock Exchange webs

ite: BSE Limited (www.bseindia.com),

2) The above were reviewed by the Audit Committee and approved by the Board of Directors at their Tespective meetings held on 27" May, 2025.

For RIDHI SYNTHETICS LIMITED ‘ Nes

Vishal Chaturvedi

Whole Time Director

Place : Mumbai

Dale : 27.05.2025

----------------Page (5) Break----------------

B-601, SERENITY, RAHEJA REFLECTIONS,

SVP & ASSOCIATES THAKUR VILLAGE, KANDIVALI(EAST),

CHARTERED ACCOUNTANTS MUMBAI-400101 Mobile: 09820047387 E-Mail : yksinghania@gmail.com

INDEPENDENT AUDITOR’S REPORT

The Board of Directors of

Ridhi Synthetics Limited

Report on the audit of the Financial Results

Opinion

We have audited the accompanying financial results of Ridhi Synthetics Limited (‘the

Company’) for the quarter and year ended March 31, 2025, attached herewith along with notes

thereto, being submitted by the Company pursuant to the requirement of Regulation 33 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

(“Listing Regulations’).

In our opinion and to the best of our information and according to the explanations given to

us, these financial results:

(i) are presented in accordance with the requirements of Regulation 33 of the Listing

Regulations in this regard; and

(ii) give a true and fair view in conformity with the recognition and measurement

principles laid down in the applicable accounting standards and other accounting

principles generally accepted in India, of the net profit and other comprehensive

income and other financial information for the quarter and year ended March 31,

2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under

Section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those

Standards are further described in the Auditor's Responsibilities for the Audit of the Financial

Results section of our report. We are independent of the Company in accordance with the

Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with

the ethical requirements that are relevant to our audit of the financial results under the

provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical

responsibilities in accordance with these requirements and the Code of Ethics.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide

a basis for our audit opinion.

Management’s Responsibilities for the Financial Results

Quarterly financial results have been prepared on the basis of the annual financial statements.

The Company’s Board of Directors are responsible for the preparation of these financial results

that give a true and fair view of the net profit and other comprehensive income and other

financial information in accordance with the applicable accounting standards prescribed under

Section 133 of the Act, read with relevant rules issued thereunder and other accounting

principles generally accepted in India and in compliance with Regulation 33 of the Listing

Regulations.

Head Office : New Delhi Branch: Ghaziabad

----------------Page (6) Break----------------

SVP&ASSOCIATES CONTINUATION SHEET

This responsibility also includes maintenance of adequate accounting records in accordance

with the provisions of the Act for safeguarding of the assets of the Company and for preventing

and detecting frauds and other irregularities; selection and application of appropriate

accounting policies; making judgments and estimates that are reasonable and prudent; and

design, implementation and maintenance of adequate internal financial controls, that were

operating effectively for ensuring the accuracy and completeness of the accounting records,

relevant to the preparation and presentation of the financial results that give a true and fair

view and are free from material misstatement, whether due to fraud or error.

In preparing the financial results, the Board of Directors are responsible for assessing the

Company’s ability to continue as a going concern, disclosing, as applicable, matters related to

going concern and using the going concern basis of accounting unless the Board of Directors

either intends to liquidate the Company or to cease operations, or has no realistic alternative

but to do so. ~

The Board of Directors are also responsible for overseeing the Company’s financial reporting

process.

Auditor’s Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a

whole are free from material misstatement, whether due to fraud or error, and to issue an

auditor's report that includes our opinion. Reasonable assurance is a high level of assurance

but is not a guarantee that an audit conducted in accordance with SAs will always detect a

material misstatement when it exists. Misstatements can arise from fraud or error and are

considered material if, individually or in the aggregate, they could reasonably be expected to

influence the economic decisions of users taken on the basis of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain

professional skepticism throughout the audit. We also:

e Identify and assess the risks of material misstatement of the financial results, whether

due to fraud or error, design and perform audit procedures responsive to those risks,

and obtain audit evidence that is sufficient and appropriate to provide a basis for our

opinion. The risk of not detecting a material misstatement resulting from fraud is higher

than for one resulting from error, as fraud may involve collusion, forgery, intentional

omissions, misrepresentations, or the override of internal control.

e Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances. Under section 143(3)(i) of the

Act, we are also responsible for expressing our opinion on whether the Company has

adequate internal financial control system in place and the operating effectiveness of

such controls

e Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the Board of Directors.

e Conclude on the appropriateness of the Board of Directors’ use of the going concern

basis of accounting and, based on the audit evidence obtained, whether a material

uncertainty exists related to events or conditions that may cast significant doubt on the

Company’s ability to continue as a going concern. If we conclude that a material

uncertainty exists, we are required to draw attention in our auditor's report to the

related disclosures in the financial results or, if such disclosures are inadequate

modify our opinion. Our conclusions are based on the audit evidence obtained

----------------Page (7) Break----------------

SVP&ASSOCIATES CONTINUATION SHEET

the date of our auditor's report. However, future events or conditions may cause the

Company to cease to continue as a going concern.

e Evaluate the overall presentation, structure and content of the financial results,

including the disclosures, and whether the financial results represent the underlying

transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the financial statements that individually or in

aggregate makes it probable that the economic decisions of a reasonably knowledgeable user

of the financial statements may be influenced. We consider quantitative materiality and

qualitative factors in (i) planning the scope of our audit work and in evaluating the results of

our work and (ii) to evaluate the effect of ant identified misstatements in the financial

statements.

We communicate with those charged with governance regarding, among other matters, the

planned scope and timing of the audit and significant audit findings, including any significant

deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with

relevant ethical requirements regarding independence, and to communicate with them all

relationships and other matters that may reasonably be thought to bear on our independence,

and where applicable, related safeguards.

Other Matter:

The Financial Results include the results for the quarter ended March 31, 2025 and March 31,

2024 being the balancing figure between audited figures in respect of full financial year and

the published unaudited year to date figures up to the third quarter of the respective financial

years which were subject to limited review by us.

Our opinion is not modified in respect of these matters.

For SVP & Associates

Chartered Accountants

Firm Registration No. 003838N

gt ase Neer

Yogesh Kumar Singhania

Mumbai ~ Partner

May 27, 2025 Membership No. 111473

UDIN : 25 W443 BMKVRI H32Sq-

----------------Page (8) Break----------------

RIDHI SYNTHETICS LIMITED

Regd. Office: 11-B, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021

Tel. No. :022 22042554; Email add.: ridhisyntheticsltd@gmail.com

CIN : L51900MH1981PLC025265 website:www.ridhisynthetics.com

27th May, 2025

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai — 400 001

Ref: Ridhi Synthetics Limited

Script Code — 504365, Script ID - RIDHISYN

Sub: Statement of Deviation(s) or Variation(s) under Regulation 32 of the Securities and

Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015.

Dear Sir/Madam,

Please find enclosed herewith the Statement of Deviation(s) or Variation(s) under Regulation 32

of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015 read with the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December

24, 2019, for the quarter ended March 31, 2025, duly reviewed by the Audit Committee at its

meeting held on 27.05.2025.

We hereby confirm that there has been no deviation or variation in the use of proceeds of funds

raised through rights issue.

Kindly take the same on records.

Thank you.

Yours truly,

For Ridhi Synthetics Limited

val

Mr. Vishal Chaturvedi

Wholetime Director

Enclosed as above

----------------Page (9) Break----------------

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----------------Page (11) Break----------------

RIDHI SYNTHETICS LIMITED

Regd. Office: 11-B, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021

Tel. No. :022 22042554; Email add.: ridhisyntheticsltd@gmail.com

CIN : L51900MH1981PLC025265 website:www.ridhisynthetics.com

DECLARATION

With reference to the SEBI circular dated 27" May, 2016 in respect of Disclosure of the impact

of Audit qualifications, we hereby declare that the Statutory Auditors of the Company, M/s.

SVP & Associates, Chartered Accountants have issued Audit reports with unmodified opinions

on the Annual Audited Financial Statements of the Company for the year ended on 31% March,

2025 which have been approved at the Board Meeting held today i.e. May 27, 2025.

For RIDHI SYNTHETICS LIMITED

\rA bk

Vishal Chaturvedi

Wholetime Director

Din: 10043860

----------------Page (12) Break----------------

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