Shivam Chemicals Ltd — Results, 30-05-2025: Result

Date: 30th May, 2025.

To,

The Manager,

Department of Corporate Services,

Bombay Stock Exchange Limited

P. J. Tower, Dalal Street,

Mumbai – 400 001.

Dear Sir,

Subject: Outcome of Board Meeting held to consider and approve Audited Financial

Results for the half year and year ended 31st March, 2025.

Ref: Regulation 30 and 33 of SEBI (LODR) Regulations, 2015

BSE Scrip ID: 544165.

With reference to above captioned subject matter and pursuant to Reg. 30, read with Reg.33

of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we would like to

inform you that the Board of Directors of the Company in their meeting held on Friday the

30th May, 2025 which started at 11.00 a.m. and concluded at 1.00 p.m. at the registered

office of the Company, transacted the following businesses:

1. Considered and approved and taken on records the Standalone and Consolidated

Audited Financial Results along with the Statement of Assets and Liabilities and the

Audit Report for the quarter and financial year ended on 31st March, 2025 as

recommended by Audit Committee.

Pursuant to provisions Reg.33 of the SEBI (Listing Obligations and Disclosures

Requirements) Regulations, 2015, we hereby enclose the following:

a. Standalone and Consolidated Audited Financial Results along with the

Statement of Assets and Liabilities for the half year and year ended 31st March,

2025;

b. Audit Report from the Statutory Auditors of the Company

The report of the Auditor is with unmodified opinion with respect to the Audited Financial

Statements of the Company for the Quarter and Financial Year ended 31st March, 2025.

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It is further brought the notice of all the concerns that the pursuant to provision of SEBI

(Prevention of Insider Trading) Regulation, 2015 and the Company’s Code of Conduct, the

Trading Window shall remain close till the end of 48 hours from the conclusion of the Board

meeting/making the results public.

You are kindly requested to take note of the above and arrange to bring to the notice of all

the concerned.

Thanking You,

1. Yours Sincerely,

For Shivam Chemicals Limited

Sanjiv Vasant

Managing Director

Din No.: 03036854.

SANJIV

GIRDHARL

AL VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853bae63f76a33cc8f1c9f58c9473f, postalCode=400058,

street=Behind Gazebo House Mumbai Andheri West, pseudonym=814b056536794c4f8a39677fd72964ab, title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa

15bc7792cef79c5457b55e4eb35de66, o=Personal, cn=SANJIV GIRDHARLAL VASANT Date: 2025.05.30 13:12:07 +05'30'

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31-03-202530-09-202431-03-202431-03-202531-03-2024ADate of Start of Reporting period01-10-202401-04-202401-10-202301-04-202401-04-2023

BDate of end of reporting period31-03-202530-09-202431-03-202431-03-202531-03-2024CWhether results are audited or unauditedAuditedUnauditedAuditedAuditedAudited

INCOME FROM OPERATIONS

IRevenue from Operations12971.779441.578229.6322413.3414,654.11

IIOther Income66.3576.2646.20142.6131.83

IIITotal Revenue (I+II)13038.119517.848,275.8322555.9514,685.94

IVEXPENSES

Cost of Material Consumed580.85702.88600.831283.74807.25

Purchase of Traded Goods/Stock in Trade11031.778427.136,664.4819458.9012148.27

Change in inventories of Finished Goods, Work-in-progress & Stock in Trade(234.63) (156.18) (14.19) (390.81) (31.75)

Employee Benefit Expenses111.1877.63134.93188.81224.81

Finance Cost113.0956.1450.15169.2476.44

Depreciation &Amortization Expense66.2561.8457.96128.10114.50

Other Expenses1154.03260.61665.761414.641147.57

Total expenses (IV)12822.549430.068159.9222252.6014487.08

VProfit before Exceptional & Extraordinary Items and tax (III-IV)215.5787.78115.91303.34198.84

VIExceptional Items---5.32

VIIProfit before Extraordinary Items and tax (V-VI)215.5787.78115.91303.34204.16

VIIIExtraordinary Items-----

IXProfit before tax (VII-VIII)215.5787.78115.91303.34204.16

XTax Expenses

1 Current Tax58.5829.1440.2387.7382.71

2 Deferred Tax3.990.613.584.610.91

3 Tax Related to earlier years1.71- (0.11) 1.71(0.11)

Total Tax Expenses (X)64.2829.7643.7094.0483.51

XIProfit/(Loss) for the period from continuing operations (IX-X)151.2858.0272.22209.30120.65

XIIProfit/(Loss) from discontinuing operation- - - - -

XIIITax Expenses of discontinuing operations- - - - -

XIVProfit/(Loss) from discontinuing operation after tax (XII-XIII)- - - - -

XVProfit(Loss) for the Period (XI+XIV)151.2858.0272.22209.30120.65

XVIPaid up Equity Share Capital1698.701698.701240.001698.701240.00

XVIIReserves & Surplus1844.631660.901345.621844.63266.27

XVIIIEarnings per equity share

(1) Basic 0.910.350.431.260.97

(2) Diluted0.910.350.431.260.97

For Shivam Chemicals Limited

Mr Sanjiv VasantManaging Director

DIN : 03036854

Place : MumbaiDate : 30/05/2025

(Amount in Lakhs, except per share data)

Shivam Chemicals Limited

CIN - L24100MH2010PLC208870Office No 108, 1st Floor, Hubtown Solaris, Off N S Phadke Marg

Saiwadi, Andheri (East), Mumbai - 400 069.Statement of Consolidated Financial Results for the Half Year and Year Ended on 31st March 2025

Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015

8. Previous year's/ period figures have been regrouped/ reclassified/ restated, wherever necessary to confirm to classification of current year/period.

ParticularsHalf Year endedYear Ended

Notes:-

1.TheaboveFinancialResultsareasperRegulation33oftheSEBI(ListingObligationandDisclosureRequirements)Regulations,2015andbeingreviewedbytheAuditCommittee and approved by the Board of Directors of the Company at their respective meeting held on 30/05/2025

2. The Company has been listed on SME Platform on 30th April 2024.3.TheCompanyisengagedinonlyonebusinesshencenoinformationhasbeenfurnishedinaccordancewithAS17on"SegmentReporting"issuedbytheInstitueofChartered

Accountants of India.4. The Statutory Auditors of the Company have expressed an unmodified opinion on the audited financial results for the year ended as on 31.03.2025.

5. Figures of half year ended 31st March, 2025 represent the difference between the audited figures in respect of full finanical years and published unaudited figures of half year ended on 30th september, 2024.

6. There are no Investor Complaint received/pending as on 31st March, 2025.7. Statement of Assets and Liabilities and cashflow statement as on 31st March 2025 is enclosed herewith.

SANJIV

GIRDHARLAL

VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853bae63f76a33cc8f1c9f58c9473f, postalCode=400058, street=Behind Gazebo House Mumbai Andheri West, pseudonym=814b056536794c4f8a39677fd72964ab, title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal, cn=SANJIV GIRDHARLAL VASANT

Date: 2025.05.30 12:45:12 +05'30'

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

As on 31st March

2025

As on 31st March

2024

AuditedAudited

I.EQUITY AND LIABILITIES

1Shareholders’ funds

Share capital 1698.701240.00

Reserves and surplus1844.63266.27

3543.331506.27

2Non-current liabilities

Long Term Borrowings384.05492.75

Long Term Provisions25.0030.80

Deferred Tax Liabilities (Net)4.950.34

414.00523.90

3Current liabilities

Short Term Borrowings1036.011092.49

Trade Payables

i) Outstanding dues of Micro, Small and Medium Enterprises7.722.46

ii) Outstanding dues of Creditors other than Micro, Small and Medium Enterprises601.01741.97

Other Current Liabilities141.09135.64

Short term Provisions103.4293.53

1889.242066.09

5846.574096.26

II.ASSETS

Non-current assets

Property Plant & Equipments & Intangible Assets

1Fixed assets

(i) Property, Plant & Equipment1550.541549.82

(ii) Intangible Assets0.130.13

Non Current Assets31.0627.71

1581.741577.66

2Current assets

Inventories456.0653.29

Trade Receivables2497.581829.70

Cash and cash equivalents75.5935.65

Short Term Loans & Advances621.28263.54

Other Current Assets614.32336.41

4264.832518.60

5846.574096.26

For Shivam Chemicals Limited

Mr Sanjiv Vasant

Managing Director

DIN : 03036854

Place : Mumbai

Date : 30/05/2025

TOTAL

TOTAL

Shivam Chemicals Limited

CIN - L24100MH2010PLC208870

(Amount in Lakhs)

Saiwadi, Andheri (East), Mumbai - 400 069.

Office No 108, 1st Floor, Hubtown Solaris, Off N S Phadke Marg

Particulars

Consolidated Statement of Assets & Liabilities as on 31st March 2025

SANJIV

GIRDHARL

AL VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853bae63f76a33cc8f1c9f58c9473f,

postalCode=400058, street=Behind Gazebo House Mumbai Andheri West, pseudonym=814b056536794c4f8a39677fd72964ab, title=5394,

serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal, cn=SANJIV GIRDHARLAL VASANT Date: 2025.05.30 12:45:39 +05'30'

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31.03.202531.03.2024

AuditedAudited

Cash flows from operating activities

Profit before Exceptional & Extraordinary Items and tax303.34198.84

Adjustments for:

Exceptional Item- 5.32

Depreciation128.10114.50

Finance Cost169.2476.44

Provision for Gratuity(0.93) 41.62

Exchange difference on translation of foreign currency cash and cash equivalents(39.95) (4.08)

Interest Income(43.47) (1.04)

Working capital changes:

Increase/(Decrease) in Trade Payables(135.70) 542.66

Increase/(Decrease) in Other current Liabilities5.4480.45

Increase/(Decrease) in Short Term Provisions5.02(47.29)

Increase/(Decrease) in Short Term Borrowings(56.48) 424.30

Decrease/(Increase) in Trade receivables(667.88) (622.05)

Decrease/(Increase) in Inventories(402.77) (53.29)

Decrease/(Increase) in Short Term Loans & Advances(357.74) (138.52)

Decrease/(Increase) in Other Current Assets(277.91) (40.70)

Cash generated from operations(1,371.69) 577.15

Payment/Adjustment on Account of Tax Expenses89.4482.60

Net cash from operating activities(1,461.13) 494.55

Cash flows from investing activities

Purchase of property, plant and equipment(128.82) (310.27)

Proceeds from Sale of Assets- 75.87

Interest Income43.471.04

Net cash used in investing activities(85.35) (233.36)

Cash flows from financing activities

Interest & Finance Charges paid(169.24) (76.44)

Changes in Non-Current Assets(3.35) 2.40

Proceeds from Long Term Borrowings24.75 38.84

Repayment of Long Term Borrowing(133.45) (229.26)

Proceeds from Issuance of Shares2018.28-

Share Issue Expenses(190.53) -

Net cash used in financing activities1546.46(264.46)

Net increase in cash and cash equivalents(0.02) (3.28)

Cash and cash equivalents at beginning of period35.6534.85

Exchange difference on translation of foreign currenncy cash and cash equivalents39.954.08

Cash and cash equivalents at end of period75.5935.65

For Shivam Chemicals Limited

Mr Sanjiv Vasant

Managing Director

DIN : 03036854

Place : Mumbai

Date : 30/05/2025

Particulars

Financial Year Ended on

Shivam Chemicals Limited

CIN - L24100MH2010PLC208870

Office No 108, 1st Floor, Hubtown Solaris, Off N S Phadke Marg

Saiwadi, Andheri (East), Mumbai - 400 069.

Consolidated Audited Statement of Cash Flows for the year ended on 31st March 2025

(Amount in Lakhs)

SANJIV GIRDHARLAL

VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853bae63f76a33cc8f1c9f58c9473f, postalCode=400058, street=Behind Gazebo House Mumbai Andheri West,

pseudonym=814b056536794c4f8a39677fd72964ab, title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal, cn=SANJIV GIRDHARLAL VASANT

Date: 2025.05.30 12:45:57 +05'30'

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31-03-202530-09-202431-03-202431-03-202531-03-2024ADate of Start of Reporting period01-10-202401-04-202401-10-202301-04-202401-04-2023

BDate of end of reporting period31-03-202530-09-202431-03-202431-03-202531-03-2024CWhether results are audited or unauditedAuditedUnauditedAuditedAuditedAudited

INCOME FROM OPERATIONS

IRevenue from Operations12,158.538,577.527,430.3320736.0513,633.82

IIOther Income40.7633.5929.9774.365.75

IIITotal Revenue (I+II)12,199.298,611.117,460.3020810.4013,639.56

IVEXPENSES

Purchase of Traded Goods/Stock in Trade11,031.778,427.136,664.4819458.9012,148.27

Change in inventories of Finished Goods, Work-in-progress & Stock in Trade(228.04) (147.17) (2.25) (375.21) (2.25)

Employee Benefit Expenses75.0455.8557.21130.90180.58

Finance Cost87.9630.5721.99118.5428.97

Depreciation &Amortization Expense5.053.892.128.937.09

Other Expenses999.06123.26534.231122.32998.30

Total expenses (IV)11,970.848,493.537,277.7820,464.3713,360.95

VProfit before Exceptional & Extraordinary Items and tax (III-IV)228.45117.58182.52346.03278.61

VIExceptional Items----5.32

VIIProfit before Extraordinary Items and tax (V-VI)228.45117.58182.52346.03283.93

VIIIExtraordinary Items-----

IXProfit before tax (VII-VIII)228.45117.58182.52346.03283.93

XTax Expenses

1 Current Tax58.5829.1440.2387.7382.71

2 Deferred Tax(1.16) 0.61(0.32) (0.54) (0.32)

3 Tax Related to earlier years1.710.000.971.710.91

Total Tax Expenses (X)59.1329.7640.8788.8983.30

XIProfit/(Loss) for the period from continuing operations (IX-X)169.3187.82141.65257.14200.64

XIIProfit/(Loss) from discontinuing operation-----

XIIITax Expenses of discontinuing operations-----

XIVProfit/(Loss) from discontinuing operation after tax (XII-XIII)-----

XVProfit(Loss) for the Period (XI+XIV)169.3187.82141.65257.14200.64

XVIPaid up Equity Share Capital1,698.701,698.701,240.001,698.701,240.00

XVIIReserves & Surplus1,971.621,782.141,344.791,971.62345.43

XVIIIEarnings per equity share

(1) Basic 1.020.531.141.551.62

(2) Diluted1.020.531.141.551.62

For Shivam Chemicals Limited

Mr Sanjiv VasantManaging Director

DIN : 03036854

Place : MumbaiDate : 30/05/2025

8. Previous year's/ period figures have been regrouped/ reclassified/ restated, wherever necessary to confirm to classification of current year/period.

ParticularsHalf Year endedYear Ended

Notes:-

1. The above Financial Results are as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and being reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on 30/05/2025

2. The Company has been listed on SME Platform on 30th April 2024.3. The Company is engaged in only one business hence no information has been furnished in accordance with AS 17 on "Segment Reporting" issued by the Institue of

Chartered Accountants of India.4. The Statutory Auditors of the Company have expressed an unmodified opinion on the audited financial results for the year ended as on 31.03.2025.

5. Figures of half year ended 31st March, 2025 represent the difference between the audited figures in respect of full finanical years and published unaudited figures of half year ended on 30th september, 2024.

6. There are no Investor Complaint received/pending as on 31st March, 2025.7. Statement of Assets and Liabilities and cashflow statement as on 31st March 2025 is enclosed herewith.

(Amount in Lakhs, except per share data)

Shivam Chemicals Limited

CIN - L24100MH2010PLC208870Office No 108, 1st Floor, Hubtown Solaris, Off N. S. Phadke Marg

Saiwadi, Andheri (East), Mumbai - 400 069.Statement of Standalone Audited Financial Results for the Half Year and Year Ended on 31st March 2025

Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015

SANJIV GIRDHARLAL

VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853bae63f76a33cc8f1c9f58c9473f, postalCode=400058, street=Behind Gazebo House Mumbai Andheri West,

pseudonym=814b056536794c4f8a39677fd72964ab, title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal, cn=SANJIV GIRDHARLAL VASANT

Date: 2025.05.30 12:46:31 +05'30'

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

As on 31st March

2025

As on 31st March

2024

AuditedAudited

I.EQUITY AND LIABILITIES

1Shareholders’ funds

Share capital 1,698.701,240.00

Reserves and surplus1,971.62345.43

3,670.32 1,585.43

2Non-current liabilities

Long Term Borrowings12.429.93

Long Term Provision25.0030.80

Deferred Tax Liability (Net)- 0.34

37.42 41.07

3Current liabilities

Short Term Borrowings1,010.861,092.49

Trade Payables

i) Outstanding dues of Micro, Small and Medium Enterprises4.501.80

ii) Outstanding dues of Creditors other than Micro, Small and Medium Enterprises511.26608.95

Other Current Liabilities24.4318.83

Short term Provisions103.4293.53

1,654.47 1,815.60

5,362.21 3,442.10

II.ASSETS

Non-current assets

Property Plant & Equipments & Intangible Assets

1Fixed assets

(i) Property, Plant & Equipment77.4861.11

Non Current Investments712.00150.00

Deferred Tax Assets (Net)0.20-

Non Current Assets31.0627.71

820.74 238.81

2Current assets

Inventories377.462.25

Trade Receivables2,345.641,506.53

Cash and cash equivalents50.1811.59

Short Term Loans & Advances1,342.171,515.35

Other Current Assets426.02167.56

4,541.463,203.28

5,362.21 3,442.10

For Shivam Chemicals Limited

Mr Sanjiv Vasant

Managing Director

DIN : 03036854

Place : Mumbai

Date : 30/05/2025

TOTAL

TOTAL

Shivam Chemicals Limited

CIN - L24100MH2010PLC208870

(Amount in Lakhs)

Saiwadi, Andheri (East), Mumbai - 400 069.

Office No 108, 1st Floor, Hubtown Solaris, Off N. S. Phadke Marg

Standalone Audited Statement of Assets & Liabilities as on 31st March 2025

Particulars

SANJIV

GIRDHARL

AL VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97

386853bae63f76a33cc8f1c9f58c9473f, postalCode=400058, street=Behind Gazebo House Mumbai Andheri West, pseudonym=814b056536794c4f8a39677fd729

64ab, title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal, cn=SANJIV GIRDHARLAL VASANT

Date: 2025.05.30 12:46:53 +05'30'

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

31.03.202531.03.2024

AuditedAudited

Cash flows from operating activities

Profit before Exceptional & Extraordinary Items and tax346.03 278.61

Adjustments for:

Exceptional Items- 5.32

Extraordinary Items- -

Depreciation8.93 7.09

Finance Cost118.54 28.97

Provision for Gratuity(0.93) 41.62

Exchange difference on translation of foreign currency cash and cash equivalents(39.95) (4.08)

Interest Income(33.56) (0.12)

Working capital changes:

Increase/(Decrease) in Trade Payables(94.99) 454.62

Increase/(Decrease) in Other current Liabilities5.60 (18.01)

Increase/(Decrease) in Short Term Provisions5.02 (47.29)

Decrease/(Increase) in Trade receivables(839.11) (298.88)

Decrease/(Increase) in Inventories(375.21) (2.25)

Decrease/(Increase) in Short Term Loans & Advances173.18 (690.92)

Decrease/(Increase) in Other Current Assets(258.46) (49.85)

Cash generated from operations(984.91) (295.17)

Payment/Adjustment on Account of Tax Expenses89.44 82.38

Net cash from operating activities(1,074.35) (377.55)

Cash flows from investing activities

Purchase of property, plant and equipment(25.30) (31.78)

Proceeds from Sale of Assets- 0.90

Interest Income33.56 0.12

Increase in Non Current Investments(562.00) -

Net cash used in investing activities(553.74) (30.76)

Cash flows from financing activities

Interest & Finance Charges paid(118.54) (28.97)

Proceeds from Issue of Shares2,018.28 -

Share Issue Expenses(190.53) -

Changes in Non-Current Assets(3.35) 2.40

Proceeds from Long Term Borrowings24.75 21.09

Repayment of Long Term Borrowing(22.26) (17.11)

Increase / (Decrease) in Short Term Borrowing(81.63) 424.30

Net cash used in financing activities1,626.73 401.71

Net increase in cash and cash equivalents(1.36) (6.60)

Cash and cash equivalents at beginning of period11.59 14.12

Exchange difference on translation of foreign currenncy cash and cash equivalents39.95 4.08

Cash and cash equivalents at end of period50.18 11.59

Reconciliation of Cash and Cash Equivalents with Balance Sheet:

Cash and Cash Equivalent Includes

Cash on Hand15.0711.08

Balances with Banks in Current Accounts1.220.00

Balances with Banks in Fixed deposits Accounts33.890.51

50.1811.59

For Shivam Chemicals Limited

Mr Sanjiv Vasant

Managing Director

DIN : 03036854

Place : Mumbai

Date : 30/05/2025

Particulars

Shivam Chemicals Limited

CIN - L24100MH2010PLC208870

Office No 108, 1st Floor, Hubtown Solaris, Off N. S. Phadke Marg

Saiwadi, Andheri (East), Mumbai - 400 069.

(Amount in Lakhs)

Standalone Audited Statement of Cash Flows for the year ended on 31st March,2025

Financial Year Ended on

SANJIV GIRDHARLAL

VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853bae63f76a33cc8f1c9f58c9473f, postalCode=400058, street=Behind Gazebo House

Mumbai Andheri West, pseudonym=814b056536794c4f8a39677fd72964ab, title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal,

cn=SANJIV GIRDHARLAL VASANT Date: 2025.05.30 12:47:07 +05'30'

----------------Page (13) Break----------------

Date: 30th May, 2025.

To,

The Manager,

Department of Corporate Services,

Bombay Stock Exchange Limited

P. J. Tower, Dalal Street,

Mumbai – 400 001.

Dear Sir,

Subject: Declaration in respect of Unmodified Opinion on Audited Financial Results

for the financial year ended 31st March, 2025.

Ref: Regulation 30 of SEBI (LODR) Regulations, 2015

BSE Scrip ID: 544165.

Pursuant to Regulation 33 (3) (c) of the SEBI (Listing Obligation and Disclosure Requirements)

Regulations, 2015, we hereby declare that the Statutory Auditors of the Company, M/s. PSRD

& Co., Chartered Accountants, have issued Audit Reports with Unmodified Opinion in respect

of the Standalone Audited Financial Statements of the Company for the half year and year

ended 31st March, 2025.

You are kindly requested to take note of the above and kindly take the same on records.

Thanking You,

Yours Sincerely,

For Shivam Chemicals Limited

Sanjiv Vasant

Managing Director

Din No.: 03036854.

SANJIV

GIRDHARLAL

VASANT

Digitally signed by SANJIV GIRDHARLAL VASANT DN: c=IN, st=Maharashtra, 2.5.4.20=418d552896ccb89c92c556af56e0e97386853ba

e63f76a33cc8f1c9f58c9473f, postalCode=400058, street=Behind Gazebo House Mumbai Andheri West, pseudonym=814b056536794c4f8a39677fd72964ab,

title=5394, serialNumber=24e48fc2e64558781c6ad2780bd49b1aa15bc7792cef79c5457b55e4eb35de66, o=Personal,

cn=SANJIV GIRDHARLAL VASANT Date: 2025.05.30 13:13:12 +05'30'

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