Shahlon Silk Industries Ltd — Results, 27-05-2025: Result

V.

Sha}hnlon

Silk IndustriesLtd

May 27, 2025

To,

Manager- Dept. of Corporate Services BSE Ltd.,

25t Floor, P.J. Towers,

Dalal Street, Mumbai - 400 001

Scrip Code: 542862

Sub.: Outcome of Board Meeting held today i.e. May 27, 2025

Ref.: Regulation 30, 33 and other applicable provisions of the SEBI (LODR) Regulations,

2015 read with corresponding circulars and notifications issued thereunder.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 we wish to inform you that the Board of Directors of the Company at their

meeting held today i.e. Tuesday, May 27, 2025, inter alia, transacted the following

businesses:

1. Considered and approved the audited financial results of the Company for the quarter

and year ended March 31, 2025.

2. Recommended final dividend @ 3.50% amounting Rs.0.07/- per equity share of face

value of Rs.2/- each for the Financial Year 2024-25, subject to approval of the

members at the forthcoming Annual General Meeting and the Book Closure/record

date for the purpose of payment of the said Final Dividend for the Financial Year 2024-

25 would be intimated in due course.

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, we submit herewith the following:

1. Statement showing the Audited Financial Results for the quarter and financial year

ended March 31, 2025, along with the Statement of Assets and Liabilities, Cash Flow

Statement

2. Auditors’ Report on aforesaid Audited Financial Results; and

3. Declaration on the unmodified opinion on Audit Report.

The advertisement will be published in the newspapers in terms of Regulation 47(1)(b) of SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015 and The results will also

be uploaded on Company website www.shahlon.com in compliance with Regulation 46(2)(1)(ii)

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

The Meeting of the Board of Directors of the Company commenced at 10.45 a.m. and

concluded at 2.45 p.m.

Please take the same on your record.

Thanking you.

Yours faithfully,

For Shahlon Silk Industries Limited

Hitesh K. Garmora

Company Secretary

Reg. & Corp. off: Plot no. 5, C.S. Nondh No. Tel. : +91 261 3603200 CIN : L17120GJ2008PLC053464

451/A, R.S. No. 33/1 paiki, Nr. Narendra E-mail : :info@shahlon.com Dyeing Mill, B/h. Old Sub-Jail, Khatodara, Web : www.shahlon.com

Ring Road, Surat-395002, Gujarat.

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HTKS & Co.

INDIA Chartered

Accountants

INDEPENDENT AUDITOR’S REPORT (UNMODIFIED OPINION) ON THE AUDIT

OF THE

FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH,

2025 OF

THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI

(LISTING

OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

To,

The Board of Directors,

Shahlon Silk Industries Limited.

Report on the Audit of the Financial Results

Opinion

We have audited the accompanying financial results of SHAHLON SILK INDUSTRIES

LIMITED (‘the Company”), for the quarter and the year ended 31t March,

2025,

attached herewith, being submitted by the Company pursuant to the requirement

of

Regulation 33 of the Securities and Exchange Board of India (Listing Obligations

and

Disclosure Requirements) Regulations, 2015, as amended (“‘LODR Regulations”).

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

given

to us, the aforesaid financial results:

a. are presented in accordance with the requirements of Regulation 33 of the LODR

Regulations; and

b. give a true and fair view in conformity with the recognition and measurement

principles laid down in the applicable Indian 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 31t March, 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 SAs 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 together with the ethical requirements that are relevant to our audit of the

financial

results under the provisions of the Companies Act, 2013 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 opinion on the financial results.

T,

harishankartosniwal@gmail.com, cakapadiashah@gm (0261) 3601178

Surat Valsad Vapi

Guwahati

2-367/368, Tosniwal House, 208-209, Centre Point, 305, Orbit, Opp. 2lst Century,

83, Kuber Residency,

Moto Dastur Mohallo, Rustampura, Opp. Amit Hospital, Mahavir Nagar, NH No. 48,

Bettola College Road,

lidhna Darwaia. Surat - 395002 Halar Road, Valsad - 396001 Vapi- 396191

Guwahati, Assam - 781029

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Management's and Board of Directors’ Responsibilities for the Financial Results

These quarterly financial results as well as the year-to-date financial results have been

prepared on the basis of the 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 recognition and measurement principles laid down in applicable

Indian 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 LODR Regulations. 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 the design, implementation and maintenance of adequate internal financial controls,

that were operating effectively for ensuring 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 Company’s Board of Directors are also responsible for overseeing the Company’s

financial reporting process.

Auditor’s Responsibility 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 scepticism throughout the audit. We also:

o 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

7

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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.

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 through a

separate report on the complete set of financial statements on whether the

company has adequate internal financial controls with reference to financial

statements in place and the operating effectiveness of such controls. Evaluate the

appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the management.

Evaluate the appropriateness of accounting policies used and the reasonableness

of accounting estimates and related disclosures made by the Management and

Board of Directors in terms of the requirements specified under Regulation 33 of

the LODR Regulations.

Conclude on the appropriateness of the Management and 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 appropriateness of this assumption. 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, to modify our opinion. Our conclusions are based on

the audit evidence obtained up to the date of our auditor’s report. However, future

events or conditions may cause the Company to cease to continue as a going

concern.

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.

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.

V

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Other Matter:

The financial results include the results for the quarter ended 31t March, 2025 being the

balancing figure between the audited figures in respect of the full financial year ended

31t March, 2025 and the published unaudited year to date figures up to the third quarter

of the current financial year which were subject to limited review by us, as required under

the LODR Regulations.

FORHTKS & CO,,

CHARTERED ACCOUNTANTS

FIRM REGISTRATION NO: 111032W

o

CA HARISHANKAR TOSNIWAL

(PARTNER)

MEMBERSHIP NO.: 055043

UDIN: 25055043BMGXXR7147

PLACE : SURAT

DATE :27™ MAY, 2025

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SHAHLON SILK INDUSTRIES LTD.

Statement of Standalone Audited Financial Results for the Quarter & Year Ended 31st March 2025

Vi

Shahlon ST IndustriesLtd.

(% In lakhs)]

Parficulal’s For the qu:‘fl:—r;;x)ed (dd-] For the Year Efifd (dd-mm-|

A |Date of start of reporting period 01/01/2025 | 01/01/2024 | 01/10/2024 | 01/04/2024 | 01/04/2023

B Date of end of reporting period 31/03/2025 31/03/2024 31/12/2024 31/03/2025 31/03/2024

c \Whether results are audited or unaudited Audited Audited Unaudited Audited

1 |Revenue From Operations

(a) Revenue From Operations 6,297.93 17,364.57 6,877.83 25,126.53 31,087.76

(b) Other Income 24.41 27.27 13.86 67.30 51.34

Total Revenue 6,322.34 17,391.84 6,891.69 25,193.83 31,139.09

2 |Expenses

(a) | Cost of materials consumed 4,002.45 4,082.69 477.15 7,524.32 9,714.71

(b) Purchases of stock-in-trade: 1,768.15 12,077.98 4,110.49 11,899.76 15,696.78

() Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,357.51)| (618.31)] 466.01 (1,509.40)| (1,944.90))

(d) Employee benefit expense 49224 510.56 538.49 2,096.75 2,266.04

(e) Finance costs 467.67 426.53 435.76 1,717.87 1,478.39

® Depreciation and amortisation expense 149.76 194.24 160.69 640.00 781.67

()] Other Expenses

i Manufacturing Expenses 385.49 405.53 417.37 1,570.96 1,884.29

i |Administrative & Other Expenses 7467 103.47 82.98 360.28 349.36

i Selling & Distribution Expenses 4125 0.77 98.97 339.18 333.95

Total other expenses| 501.42 509.77| 599.32) 2,270.42] 2,567.60}

Total expenses| 6,024.17] 17,183.46 6,787.91| 24,639.72 30,560.29)

3 Profit before exceptional items and tax| 298.17| 208.37| 103.78 554.11 578.80)

4 Exceptional items 10.03 4.32 5.13 38.27 3269

5 Profit before tax| 308.20 212.70| 108.91 592.38 611.49

6 |TaxExpense

Current tax 247.67 23.86 27.98 325.26 204.34

Deferred tax 27.37 71.55 (15.41)| (82.73)| 8.99

Total tax expenses| 275.04 95.41 12.57] 242.53| 213.33

74 Net Profit Loss for the period| 33.16) 117.29) 96.34] 349,86 398.16

8 |Other Comprehensive income/(Expense) for period

(i) Items that will not be reclassified to profit or loss

Actuarial (loss)/gain on defined benefit obligation (2.45)) 42.94 - (2.45)] 4294

Total Other Comprehensive Income for the year (Net of Tax) (2.45)] 42.94 - (2.45)) 4294

9 Total Comprehensive Income for the period (9+10)| 30.71 160.23| 96.34] 347.40 44111

10 |Details of equity share capital

Paid-up equity share capital 1,786.05 1,786.05 1,786.05 1,786.05 1,786.05

Face value of equity share capital| 200 2.00 2.00 200 2.00

11 Other Equity (excluding Revaluation Reserves) 8,351.94 8,041.46

12 |Earnings per equity share

Basic earnings (loss) per share in ¥ 0.04 0.13 0.11 0.39 0.45

Diluted eamings (loss) per share in ¥ 0.04 0.13 011 0.39 0.45

FOR SHAHLON SILK INDUSTRIES LTD.

DIRECTOR [ AUTHCR <20 SIGNATORY

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(% In lakhs)

Currentyear | Previous year|

Particulars ended ended (dd-mm-yyyy) | (dd-mm-yyyy)

Date of start of reporting period| 01/04/2024 | 01/04/2023 Date of end of reporting period| 31/03/2025 | 31/03/2024

Statement of Assets and Liability as at 31ST March 2025

Whether results are audited or unaudited| ‘Audited

Assets

1 Non-current assets

Property, plant and equipment 6,689.48 747763

Capital work-in-progress 43069 67.62

Intangible assets 7.76 10.77, Investment property - T

Goodwil B - Other intangible assets - =

Intangible assets under development - e Non-current financial assets

‘Non-current investments 199.88 120.11

Loans , Non - current - - Other Non current Financial assets 290,57 234.84

Total non-current financial assets| 490.45 354.95

Deferred tax assets (net) - -

Other non-current assets 773.95 20729 Total non-current assets| __ 8,362.32 8.618.46

2 Current assets

Inventories 0524.09 | 7.949.31 Current financial asset

Current investments - E

Trade receivables 972750 | 14,544.08 Cash and cash equivalents 19.88 17.24

Bank balance other than cash and cash equivalents e1.70 97.34

Loans, current - -

Other current financial assets - - Total current financial assets| 9,830.08 | 14658.63

Current tax assets (net) - - Other current assets 505.59 502.95

Total current assets| _ 19.868.76 | 25,110.89

3 Non-current assets classified as held for sale - = 4 Regulatory deferral account debit balances and related

deferred tax Assets - - Totalassets| 28.261.09| 31.920.351 *

Equity and liabilities

1 Equity Equity Share capital 1,786.05 1,786.05

Other equity 878284 8,489.02

Total equity| 10.568.89 10.275.07

2 Liabilities Non-current liabilities

Non-current financial liabilities Borrowings, non-current 7.429.24 5349.41

Trade payables, non-current - =

Other non-current financial liabilities 131.00 - Total non-current financial liabilities| __7.560.24 5.349.41

Provisions, non-current 89.03 35.28

Deferred tax liabilities (net) 31.57 114.30

Deferred government grants, Non-current -

Other non-current liabilities 185.55 171.29 Total non-current liabilities| __7.866.40 5670.28

Current liabilities Current financial liabilities

Borrowings, current 592293 7,944.60

Trade Payables 2,263.03 7,036.39

Other current financial liabilties 1.307.32 770:01 Total current financial liabilities| _ 9,493.27 | __15.751.00

Other current lizbilities. - : Provisions, current - -

Current tax liabilties (Net) 332.53 233.00 . Deferred government grants, Current - -

Total current liabilities| 9,62580 | 15.984.00

5 Liabilities directly associated with assets in disposal group classified as held for sale - -

4 :?eér'\:ww deferral account credit balances and related deferred tax iabil - -

Total liabilities| 17.692.20 | 21,654.28

Total equity and liabilities| _ 28.261.09 | 31,920.35

[NOTES |77 above fiancial fesuls Nave been reviewed by e AudTt Corites and approved by the Board of Directors at s mesting held on 270h Way 2025

5| fnancial results have been prepared i accordance Wi he Companies (Indian Accounting Standards) Rules, 2015 (I AS) prescribed under Secion

133 of the Companies Act, 2013 and other recognized accounting pracices and policies to the extent applicable.

5 |The Companyis engaged n he business of Textles" and therefore has orly one reportable segment in accordance wih Ind AS 106 Opertaing Segments'

4 [The fgures for e quarter ended Warch 31,2025 and March 31,2024 are e balancing figures beween audied figures n respectof he fllfnancial year and the unaudited published year-to-date figures upto the third quarter ended December 31,2024 and December 31, 2023 respectively.

5 |Previous years'figures have been regrouped / rearranged wherever considered necessary.

For Shahlon Silk Industries Ltd

By Order of the Board

DHIRAJLAL R SHAH

Chairman DIN:00010480 Date :27.05.2025

Place: SURAT

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SHAHLON SILK INDUSTRIES LTD.

202425 2023-24

CASH FLOW STATEMENT ANNEXED TO THE FINANCIAL Audited Audited

RESULTS FOR THE YEAR ENDED 31ST March, 2025 i

(% in lakhs) (% in lakhs)

(A) Cash Flow from Operating Activities :

Net profit beforeTax and Extraordinary Items 551.66 621.75 Adjusted For :

Depreciation 640.00 78167

Interest Paid 1,717.87 1,478.39 Proportionate Capital Subsidy on Plant Machinery/grauity provion (33.44) 659)

Extra ordinary item ((Profit) /loss on sale of assets) 170.12 (12.38)

Provision for gratuity 53.75 35.27840 Operating Profit before Working Capital Charges 3,099.95 2,898.11

Adjusted For :

Trade and other receivables 4813.91 (2652.48)

Inventories (1,574.78) (1,492.17)

Trade payables & Provisions (4,146.16) 3,627.99

Cash Generated From Operations 2,192.93 2,381.46

Interest Paid on operations (979.95), (1,137.70)

Cash flow before Extraordinary items 1,212.98 1,243.76

Short Provision for taxation ( Earlier Year ) B 143.68

Current tax (325.26) (348.02)

Net Cash from Operating Activities 887.72 1,039.43

(B) Cash Flow from Investing Activities

§ Purchase of Fixed Assets (762.64) (85.34)]

Sales of Fixed Assets 419.09 240.85

(Purchase) / Sales of Investments (79.78)| (37.03)

Long Term Advances 92.57 (15.62)

Net Cash used in Investing Activities (283.05) 102.86

(C) Cash Flow from Financing Activities

Repayment of Finance / Lease / Loan (Net) 2,089.47 234,61

Short Term Loan (2,021.68) ©7272)

Interest Paid on Term Loan (737.91) (340.69)

Dividend Paid (53.58) (53.58)

Other Financial Liabilities - Security Deposit Received 131.00 :

Net Cash used in Financial Activities (592.71) (1,132.38)

NET INCREASE IN CASH & CASH EQUIVALENTS (A)+(B)+(C) 11.9 9.91

Opening Cash and Cash Equivalents ’ 195.24 185.33

Closing Cash and Cash Equivalents 207.20 195.24

FOR SHAHLON SILK INDUSTRIES LTD.

et

DIRECTOR | A1/ THORISED SIGNATORY

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Vi

Shahlon

Silk IndustriesLtd.

May 27, 2025

To,

The Manager

Dept. of Corporate Services

BSE Ltd.

25th Floor, P.J. Towers,

Dalal Street,

Mumbai — 400001

BSE Scrip Code: 542862

Sub.: Declaration under Regulation 33(3)(d) of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.

Dear Sir,

In Compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, as amended from time to time, we

hereby declare that, M/s HTKS & Co., Chartered Accountants (Firm registration

No. 111032W), Surat, Statutory Auditors of the Company, have issued an Audit

Report with unmodified opinion on Audited financial Results of the Company for

the quarter and year ended March 31, 2025.

Kindly find the same in order and take the same on your record.

Thanking you.

For Shahlon Silk Industries Limited

Dhirajlal Raychand Shah

Chairman

DIN: 00010480

Reg. & Corp. Off : Plot No. 5, Tel. : +91 261 3603200 CIN : L17120GJ2008PLC053464

C.S. Nondh No. 451/A, R.S. No. 33/1 Paiki, info@shahlon.com

Nr. Narendra Dyeing Mill, B/h. Old Sub-Jail, Web : www.shahlon.com

Khatodara, Ring Road, Surat-395002, Gujarat.

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