Indian Acrylics Ltd — Board Meeting, 30-05-2025: Board Meeting

INDIAN ACRYLICS LIMITED

CIN: L24301PB1986PLC006715

Head Office : ISO 9001-2008 Certified

SCO 49-50-51, Sector 26,

Madhya Marg, Chandigarh — 160019 (INDIA)

Tel : +91-172-2792385 / 2793112

Fax : +91-172-2794834 / 2790887

Website : www. indianacrylics.com

IAL/CS/2025/

May 30, 2025

THE DY. MANAGER

DEPTT. OF CORPORATE SERVICES

BSE LIMITED

PHIROZE JEEJEEBHOY TOWERS, DALAL STREET,

MUMBAI - 400 001.

Sub: Outcome of the Board Meeting (Stock Code: 514165)

Dear Sir/ Madam,

Pursuant to Regulation 33 and Regulation 30 of the Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform you that the

Board of Directors in their meeting held today i.e. 30/05/2025 at Chandigarh, approved the

following:

- Standalone and Consolidated Audited Financial Results along with Auditors Report for the

quarter and year ended 31* March, 2025 (Copy of Standalone and Consolidated Financial

Results and Auditors Report alongwith declaration of unmodified opinion is attached

herewith).

- Appointment of M/s S.K. Sikka & Associates, Company Secretaries as the Secretarial

Auditors of the Company on the recommendation of the Audit Committee for first term of 5

(five) consecutive years effective from April 1, 2025 to March 31, 2030.

- Appointment of Mr. Jasvinder Singh, a Qualified Professional as Internal Auditors of the

Company for the financial year 2025-2026.

- Appointment of M/s Aggarwal Vimal & Associates, Cost Accountants as Cost Auditors of the

Company for the financial year 2025-2026.

- Appointment of Mrs Surabhi Malik, IAS and Managing Director of Punjab State Industrial

Development Corporation Ltd. (PSIDC) as Non-Executive Nominee Director, PSIDC and

Chairperson of the Company w.e.f. 30.05.2025 in place of Smt. Parampal Kaur Sidhu in

compliance with various provisions of Companies Act, 2013 and SEBI (LODR) Regulations,

2015.

Details as required under Regulation 30 read with Schedule Ill of the Listing Regulations and

SEBI Circular No. vide its Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11°

November, 2024, is enclosed as Annexure

The meeting commenced at 12:30 P.M and concluded at 1.55 P.M..

Kindly take the same on your records.

Thanking you,

Yours faithfully,

For INDIAN ACRYLICS LIMITED

(BHAVNESH K. GUPTA)

COMPANY SECRETARY

Encl.: As above

Works & Regd. Office : Village Harkishanpura, Patiala - Sangrur Highway, Distt. Sangrur - 148 026 (Pb.)

Tel.: +91 (1672) 278106, 278104, Fax: +91 (1672) 278110

Delhi Office : S-2, Second Floor, Vasant Square Mall, Community Center, Pocket V , Plot No. A,

Sector B, Vasant Kunj, New Delhi - 110 070, Phone-011-40000378, 377, 376

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

ANNEXURE

Sr. Particulars Details

No.

1. Name of Secretarial Auditor Appointment of S.K. Sikka & Associates, Peer

Reviewed Firm of Company Secretaries in Practice,

as Secretarial Auditors of the Company.

2. Reason for change viz. Appointment. | Appointment to comply with the provisions of the

Section 204 of the Companies Act, 2013 and

Regulation 24A of the Listing Regulations.

2. Date of appointment & term of|w.e.f. Tuesday, O1st April, 2025 to conduct the

appointment Secretarial Audit for first term of 05 (five)

Consecutive years effective from April 1, 2025 to

March 31, 2030, subject to the shareholder approval

in ensuing Annual General Meeting of the Company.

Term of Appointment : 05 (Five) Years

3. Brief Profile Brief Profile of M/s. S.K. Sikka & Associates,

Company Secretaries:

M/s. S.K. Sikka & Associates is a well-known firm of

Practising Company Secretaries founded in 2001

and based in Chandigarh having — significant

experience in the field of professional services in

Corporate Law, SEBI Regulations, FEMA

Compliance, and allied fields, delivering strategic

solutions to ensure regulatory adherence and

operational efficiency.

Renowned for its commitment to quality and

precision, the firm has been Peer Reviewed and

Quality Reviewed by the Institute of Company

Secretaries of India (ICSI), ensuring the highest

standards in professional practices.

4 Disclosure of relationships between | Not Applicable

Directors (in case of appointment of

a Director).

Sr. Particulars Details

No.

1. Name of Internal Auditor Appointment of Mr. Jasvinder Singh, Qualified

Professional appointed as Internal Auditors of the

Company.

2. Reason for change viz. Appointment. | Appointment to comply with the provisions of the

Section 138 of the Companies Act, 2013

2. Date of appointment & term of | 30.05.2025

appointment

3. Brief Profile Mr. Jasvinder Singh: is a Qualified Professional

having significant experience in the field of

Accounts, driving and leading Audit, Taxation and

Due Diligence.

4 Disclosure of relationships between | Not Applicable

Directors (in case of appointment of

a Director).

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

ANNEXURE

Sr. Particulars Details

No.

1. Name of Internal Auditor Appointment of M/s Aggarwal Vimal &

Associates, Cost Accountants, as Cost Auditors of

the Company.

2. Reason for change viz. Appointment. | Appointment to comply with the provisions of the

Section 148 of the Companies Act, 2013

2. Date of appointment & term of | 30.05.2025

appointment

3. Brief Profile M/s Aggarwal Vimal & Associates, Cost Accountants

registered with the Institute of Cost Accountants of

India. The Firm is being managed by a team of

competent and experienced professionals with rich

experience.

4 Disclosure of relationships between | Not Applicable

Directors (in case of appointment of

a Director).

Sr. Particulars Details

No.

1. Name of Director Mrs. Surabhi Malik, IAS

2. Reason for change viz. Appointment. | Appointment as per nomination by Punjab State

Industrial Development Corporation Ltd. (PSIDC)

2. Date of appointment & term of | 30.05.2025

appointment

3. Brief Profile Mrs Surabhi Malik, a 2012-batch IAS officer is

Managing Director of Punjab State Industrial

Development Corporation Ltd. (PSIDC). She is the

recipient of Directors Gold Medal for Management at

Lal Bahadur Shastri National Academy of

Administration, Mussoorie.

She has been given charge as the Director of

Industries and Commerce by Government of Punjab

and also serve as the Managing Director of the

Punjab State Industrial Export Corporation (PSIEC).

She has held various prestigious positions and

previously served as Deputy Commissioner of

Ludhiana. Mrs Surabhi Malik is the first woman

officer to take charge as the DC of the largest district

and also served as the Fatehgarh Sahib DC, ADC,

Ropar, and SDM, Nangal.

4 Disclosure of relationships between | Not Applicable

Directors (in case of appointment of

a Director).

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

AKR & ASSOCIATES nn hon dlgash G6

Centre

Chartered Accountants VIP Road, Zirakpur (Pb.) 140603

M : 9316288660, 01762-516660

E-mail : narang.ca@gmail.com

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone

Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors of

INDIAN ACRYLICS LIMITED

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone

financial results of INDIAN ACRYLICS LIMITED (the "Company") for the quarter ended

March 31, 2025 and for the year ended March 31, 2025 ("Statement"), attached

herewith, being submitted by the Company pursuant to the requirements of Regulation

33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as

amended (the "Listing Regulations").

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

given to us, the Statement:

i) is presented in accordance with the requirements of the Listing Regulations in

this regard; and

ii) gives a true and fair view in conformity with the applicable Indian accounting

standards and other accounting principles generally accepted in India, of the

net loss and other comprehensive loss and other financial information of the

Company for the quarter ended March 31, 2025 and of the net Loss and other

comprehensive Loss and other financial information of the Company for the

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, as amended ("the Act"). Our

responsibilities under those Standards are further described in the "Auditor's

Responsibilities for the Audit of the Standalone 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 statements under the provisions of the Act

and the Rules there under, and we have fulfilled our other ethical responsibilities in

accordance with these requirements and the Code of Ethics. We believe that the audit

evidence obtained by us is sufficient and appropriate to provide a basis for our opinion

on the Standalone Financial Results.

ehSS0G,, ie

eI a aN 78%

pe LO AL

<

i

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

Management's Responsibilities for the Standalone Financial Results

The Statement has been Prepared on the basis of the standalone annual financial

statements. The Board of Directors of the Company are responsible for the preparation

and presentation of the Statement that gives a true and fair view of the net Loss an

d other comprehensive loss of the company

and other financial information in accordance

with the applicable Indian accounting standards prescribed under Section 133 of the Ac

t read with relevant rules issued there

under and other accounting principles generally

accepted in India and in compliance with Regulation 33 of the Listing 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 the accuracy and

completeness of the accounting records, relevant to the preparation and presentation

of the Statement that give a true and fair view and are free from material misstatement,

whether due to fraud or error,

In preparing the Statement, 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 responsible for overseeing the Company's financial reporting

process,

Auditor's Responsibilities for the Audit of the Standalone Financial Results

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

whole is 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 the Statement.

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 Statement, 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

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

from fraud is higher than for one resulting from error, as fraud may involve

collusion, forgery, intentional omissions, misrepresentations, or the overrid

e of internal control.

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

to design audit procedures that are ap

propriate 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.

e Evaluate the appropriateness of accounting policies used and the reasonableness

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

e Evaluate the appropriateness and reasonableness of disclosures made by the

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

the LODR Regulations.

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, 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 Statement,

including the disclosures, and whether the Statement represents the underlying

transactions and events in a manner that achieves fair presentation.

® Obtain sufficient appropriate audit evidence regarding the Standalone Financial

Results of the Company to express an Opinion on the Standalone Financial

Results.

Materiality is the magnitude of misstatements in the Annual Standalone Financial

Results that, individually or in aggregate, makes it probable that the economic decisions

of a reasonably knowledgeable user of the Annual Standalone Financial Results 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 any identified misstatements in the Annual Standalone Financial Results.

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

We communicate with those charged with governance regarding, among other matter

s, the planned scope and timing of the au

dit 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 Statement includes the results for the quarter ended March 31, 2025 being the

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

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

quarter of the current financial year, which were subjected to a limited review by us, as

required under the Listing Regulations,

Our opinion on the Statement is not modified in respect of the above matter.

For AKR & Associates

Chartered Accountants

(Firm registration No, O21179N sao,

Lae a he

Henan Se

\5\ ay

CA Kailash Kume Partner

(Membership Number: 505972)

Place of signature: Chandigarh

Date: 30.05.2025

UDIN: 25505972BMKUTP8850

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

INDIAN ACRYLICS LIMITED

CIN: L24301PB1986PLC006715

REGD. OFFICE: VILLAGE - HARKISHANPURA, SUB-TEHSIL BHAWANIGARH, DISTT. - SANGRUR (PB)-148026.

Website: www. indianacrylics.com; Email ID: shares@indianacrylics.com

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31/03/2025

PARTICULARS (INR LAKHS)

QUARTER ENDED YEAR ENDED

31-03-2025 | 31-12-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024

(AUDITED) |(UNAUDITED)|] (AUDITED) | ~ ~~ (AUDITED) ©

|. Revenue from operations a j fo j i

Net Sales/ Income from Operations 6594.31 7105.00 8668.13 31378.65] 41310.36

ExportSale 1697.90 2531.26 1965.62 7554.49 13305.93

il. Other Income j 36.27 121.39 171.28 509.60 841.72

III. Total income from operations / 8328.48 9757.65 10805.03 39442.74 55458.01

IV. Expenses: :

(a) Cost of material consumed 5773.82 6211.28 6553.34 24179.86 34148.80

(b) Purchase of stock-in-trade : 0.00 0.00 0.00 0.00 0.00

(c) Change in Inventories of FG, WIP & stock in trade. (549.05) (493.28) 733.80 1337.93 2962.72

(d) Employee benefits expenses 1223.79 1132.26 1290.75 4508.53 6157.62

(e) Depreciation & amortization expense 316.26 313.06 375.85 1366.66 1529.29

(f) Finance Cost 314.59 433.21 644.53 1854.39 3250.35

(g) Other Expenditure 1817.88 2652.25 2441.12 9281.48 12814.32

Total Expenses (a to g) 8897.29 10248,78 12039.39 42528.85 60863.10

V. Profit(Loss) before exceptional Items and Tax (III-IV) (568.81) (491.13)] (1234.36) (3086.11)} (5405.09)

VI. Exceptional Items 0.00 0.00 0.00 0.00 0.00

VII. Profit/ (Loss) after execptional items and before tax (V- (568.81) (491.13) (1234.36) (3086.11) (5405.09)

Vi)

Current tax - - - - -

Deferred tax - - x - -

VIIL. Total tax expenses 7 = a - -

IX. Profit/ (Loss) from continuing operations (568.81) (491.13) (1234.36) (3086.11) (5405.09)

X. Profit/ (Loss) from discontinuing operations j - z 2 a fi

XI. Tax expense of discontinuing operations - - = 2 a

XIl. Net profit/ (loss) from discontinuing operation after tax - - = a z

(X-Xl)

XIll. Profit/ (Loss) for the period(IX+Xll) (568.81) (491.13) (1234.36) (3086.11) (5405.09)

XIV. Other Comprehensive Income: |

Items will not be reclassified to profit or loss (47.05) 0.00 147.95 27.68 254.35

Items will be reclassified to profit or loss - - na - -

XV. Total Comprehensive Income for the period (XIII+XIV) (615.86) (491.13) (1086.41) (3058.43) (5150.74)

Comprising Profit (Loss) and Other comprehensive Income

for the period)

XVI. Paid-up Equity Share Capital 13532 13532 13532 13532 13532

Face value of equity share capital (Rs.) 10.00 10.00 10.00 10.00 10.00

XVII. Reserves excluding Revaluation Reserves as per - - (12522.12) (9463.69)

balance sheet

XVIII. Earnings per equity share

Basic (0.42) (0.36) (0.91) (2.28) (3.99)

Diluted (0.42) (0.36) (0.91) (2.28) (3.99)

Note: 1. The above financial results have been reviewed by Audit Committee and approved by Board of Directors in their meeting

held on 30/05/2025.

2. Previous year figures have been regrouped and rearranged wherever necessary to make them comparable with those of current

period. ;

Place: Chandigarh (DHEERAJ GARG)

Dated : 30/05/2025 ADDL. MANAGING DIRECTOR __

£% Mae, “00034926 aif

/ 4 iS ()

\S\ FAM owtizon |= \ 17S A dL

&

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

INDIAN ACRYLICS LIMITED

CIN: L24301PB1986PLC006715

REGD. OFFICE: VILLAGE HARKISHANPURA, SUB-TEHSIL BHAWANIGARH, DISTT. SANGRUR (PB)-148026.

Website: www. indianacrylics.com; Email ID: shares@indianacrylics.com

Segment wise Revenue, Results and Capital Employed (Standalone)

INR LAKHS

QUARTER ENDED YEAR ENDED

Panticulske 31-03-2025 | 31-12-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024

1)Segment Revenue

Fibre 6033.40 7229.80 7970.97 28244.16 40166.32

Yarn 3719.16 4949.32 5130.32 18632.16 28599.69

Total 9752.56 12179.12 13101.29 46876.32 68766.01

Less: Inter-segment revenue (1460.34) (2542.86) (2467.54) (7943.17)| (14149.72)

Total 8292.22 9636.26 10633.75 38933.15 54616.29

2|Segment result

Profit before tax and finance cost

Fibre 230.71 (137.86) 93.27 237.54 (1853.03)

Yarn (469.11) 106.51 (624.19) (1317.20) (48.21)

Total (238.40) (31.35) (530.92) (1079.66) (1901.24)

(i) Less :- Finance Cost 314.59 433.21 644.53 1854.39 3250.35

(ii) Less :-Unallocable expenses 15.82 26.57 58.91 152.06 253.50

Total Profit before tax (568.81) (491.13) (1234.36)| (3086.11)} (5405.09)

3/ Capital Employed

(Segment Assets - Segment Liabilities)

Fibre 5022.50 4984.91 6192.43 5022.50 6192.43

Yarn (4012.42) (3358.95) (2123.90) (4012.42) (2123.90)

Unallocable Capital Employed

Total 1010.08 1625.96 4068.53 1010.08 4068.53

mJ

Place: Chandigarh

Date: 30/05/2025

Note : Previous year figures have been regrouped and rearranged wherever necessary to make them comparable with

those of current period.

\_ GARG)

ADDL. MANAGING OR

> 00034926

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

INDIAN ACRYLICS LIMITED

STANDALONE CASH FLOW STATEMENT AS AT 31ST MARCH, 2025

(INR LAKHS)

31.03.2025 31.03.2024

(Audited) (Audited)

A. |CASH FLOW FROM OPERATING ACTIVITIES :

NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS (3086.11) (5405.09)

ADJUSTMENT FOR :

!) |ADD: DEPRECIATION 1366.66 1529.29

ii) J|ADD: INTEREST & FINANCIAL CHARGES EXPENSES 1854.39 3250.35

ADD: LOSS ON SALE OF FIXED ASSETS 31.76 0.00

OPERATING PROFIT BEFORE WORKING CAPITAL 166.70 (625.45)

CHANGES

ADJUSTMENTS FOR :

TRADE AND OTHER RECEIVABLES 369.29 2199.30

INVENTORIES 316.81 9448.02

TRANSITION IMPACT OF LEASE RENTALS 0.00 0.00

TRADE PAYABLES / CURRENT LIABLITIES (1835.18) (10413.36)

OTHER COMPREHENSIVE INCOME 27.68 254.35

CASH GENERATED FROM OPERATIONS (954.70) 862.86

B. |CASH FLOW FROM INVESTING ACTIVITIES :

PURCHASE OF FIXED ASSETS 0.00 (150.56)

RIGHT TO USE ASSET

SALE OF FIXED ASSETS & ADVANCE 2732.90 186.15

INVESTMENT IN EQUITY 0.00 (0.16)

NET CASH USED IN INVESTING ACTIVITIES 2732.90 35.43

C. |CASH FLOW FROM FINANCING ACTIVITIES :

INTEREST & FINANCIAL CHARGES PAID (1854.39) (3250.35)

TERM LOANS RECEIVED 0.00 1500.00

TERM LOANS REPAYMENTS (2432.25) (2215.48)

UNSECURED LOAN (INTER CORPORATE LOANS) 2580.00 353.33

(PAID)/RECEIVED

NET CASH FROM FINANCING ACTIVITIES (1706.64) (3612.50)

D. JNET INCREASEADECREASE) IN CASH AND BANK 71.56 (2714.21)

BALANCES

CASH AND BANK BALANCES (OPENING BALANCE) 867.95 3582.16

CASH AND BANK BALANCES (CLOSING BALANCE) 939.51 867.95

Place : Chandigarh

Date : 30/05/2025

ye \—

(DBHEERAJ GARG)

ADDL. MANAGING-BIRECTFOR.

DIN: 00034926

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

AKR & ASSOCIATES ee chandigarh citi Cente,

Chartered Accountants VIP Road, Zirakpur (Pb.) 140603

M : 9316288660, 01762-516660

E-mail : narang.ca@gmail.com

Independent Auditor's Report on the Quarterly and Year to Date Audited Consolidated

Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors of

INDIAN ACRYLICS LIMITED

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying Statement of quarterly and year to date

Consolidated Financial Results of INDIAN ACRYLICS LIMITED (hereinafter referred to as

the “Holding company”) and its subsidiary (holding company and its subsidiary together

referred to as “the Group”), (“the Statement”), being submitted by the holding 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, and based on the consideration of the information and explanations given to us by

the Management on separate financial statements/ financial information of subsidiary,

the Statement:

The Statement includes the results of the subsidiary: -

- M/s Carlit Trading Europe S.L.U (Spain)

i) is presented in accordance with the requirements of the Listing Regulations in

this regard; and

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

principles laid down in the Indian Accounting Standards and other accounting

principles generally accepted in India of the consolidated net loss and

consolidated total comprehensive loss and other financial information of the

Group for the year ended March 31, 2025.

CoA Ay @ Mes lp . & mes

. We

= Fanpsroy =

----------------Page (10) Break----------------

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, as amended ("the Act"). Our

responsibilities under those Standards are further described in the "Auditor's

Responsibilities for the Audit of the Consolidated Financial Results" section of our report.

We are independent of the group 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 statements under the provisions of the Act and

the Rules there under, and we have fulfilled our other ethical responsibilities in

accordance with these requirements and the Code of Ethics. We believe that the audit

evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the statement

The Statement, which is the responsibility of the Holding Company’s management and

has been approved by the Holding Company’s Board of Directors, has been prepared on

the basis of the consolidated annual financial statements. The Holding Company’s Board

of Directors are responsible for the preparation and presentation of Statement that givea

true and fair view of the net loss and other comprehensive loss and other financial

information of the Group in accordance with the recognition and measurement principles

laid down in Indian Accounting Standard 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. The respective

Board of Directors of the companies included in the Group, are responsible for

maintenance of adequate accounting records in accordance with the provisions of the Act

for safeguarding of the assets of the Group 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 Statement that give a true and fair

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

been used for the purpose of preparation of the Statement by the Directors of the

Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included

in the Group entities are responsible for assessing the ability of the Group to continue as

a going concern, disclosing, as applicable, matters related to going concern and using the

going concern basis of accounting unless the respective Board of Directors either intends

to liquidate the Group or to cease operations, or hasno realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are responsible

for overseeing the financial reporting process of the Group.

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

Auditor's Responsibilities

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

whole is 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 the Statement.

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

maintain professional skepticism throughout the audit. We also:

* Identify and assess the risks of material misstatement of the Statement, 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.

@ Obtain an understanding of internal contro! 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 holding Company has adequate internal financial controls with reference to

financial statements 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.

* Evaluate the appropriateness and reasonableness of disclosures made by the

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

the Listing Regulations

* 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 ability of the Group and its subsidiary 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, 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 Group and

its subsidiary to cease to continue as a going concern.

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

e Evaluate the overall presentation, structure and content of the Statement,

including the disclosures, and whether the Statement represents the underlying

transactions and events in a manner that achieves fair presentation.

e Perform procedures in accordance with the circular issued by the SEBI under

Regulation 33(8) of the Listing Regulations to the extent applicable.

* Obtain sufficient appropriate audit evidence regarding the Annual

Standalone/Consolidated Financial Information of the entities within the Group

and its subsidiary to express an Opinion on the Annual Consolidated Financial

Results. We are responsible for the direction, supervision and performance of the

audit of financial information of such entities included in the Annual Consolidated

Financial Results of which we are the independent auditors. For the other entities

included in the Annual Consolidated Financial Results, which have been unaudited

and relied on the information and explanations given to us by the Management of

the holding company. We remain solely responsible for our audit opinion

Materiality is the magnitude of misstatements in the Annual Consolidated Financial

Results that, individually or in aggregate, makes it probable that the economic decisions

of a reasonably knowledgeable user of the Annual Consolidated Financial Results 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 any identified misstatements in the Annual Consolidated Financial Results

We communicate with those charged with governance of the holding company rega rding,

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.

We also performed procedures in accordance with the circular issued by the SEBI under

Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, as amended, to the extent applicable.

Other Matter

We have relied on the unaudited financial statements of subsidiary whose financial

statements reflect total assets of Rs 1.18 Lakh as at March 31, 2025, total revenue of Rs.

NIL and Rs. NIL Lakh, net loss of Rs. 0.45 Lakh and Rs. 1.34 Lakh and total comprehensive

loss of Rs. 0.45 Lakh and Rs. 1.34 Lakh for the quarter and year ended March 31, 2025

respectively and cash outflows of Rs. 1.14 Lakh for the year ended March 31, 2025, as

considered in the consolidated financial statements. These financial statements are

unaudited and have been furnished to us by the Management and our opinion on the

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

consolidated financial statements, in so far as it relates to the amounts and disclosures

included in respect of this subsidiary, and our report in terms of subsections (3) of Section

143 of the Act in so far as it relates to the aforesaid subsidiary, is based solely on such

unaudited financial statements. In our opinion and according to the information and

explanations given to us by the Management, these financial statements are not material

to the Group. :

Our opinion on the Statement is not modified in respect of the above matter with respect

to our reliance on the work done and the financial information certified by the Board of

Directors. ,

The Statement includes the results for the quarter ended March 31, 2025 being the

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

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

of the current financial year, which were subjected to a limited review by us, as required

under the Listing Regulations. :

For AKR & Associates

Chartered Accountants

(Firm registration No. 021179N)

4% ASS er, Ad So.

Aas

2/ C) é

S\FRN. 8211794 CA Kailash Kumars Ss

Partnercacuue

(Membership Number: 505972)

Place of signature: Chandigarh

Date: 30.05.2025

UDIN: 25505972BMKUT09430

----------------Page (14) Break----------------

INDIAN ACRYLICS LIMITED

CIN: L24301PB1986PLC006715

REGD. OFFICE: VILLAGE - HARKISHANPURA, SUB-TEHSIL BHAWANIGARH, DISTT. - SANGRUR (PB)- -148026.

Website: www.indianacrylics.com; Email ID: shares@indianacrylics.com

STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31/03/2025

PARTICULARS (INR LAKHS)

QUARTER ENDED YEAR ENDED

31-03-2025 | 31-12-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024

(AUDITED) |(UNAUDITED)| (AUDITED) (AUDITED)

|. Revenue from operations

Net Sales/ Income from Operations 6594.31 7105.00 8668.13 31378.65 41310.36

Export Sale 1697.90 2531.26 1965.62 7554.49 13305.93

Il. Other Income 36.27 121.39 171.28 509.60 841.72

lll. Total income from operations 8328.48 9757.65 10805.03 3944274 55458.01

IV. Expenses:

(a) Cost of material consumed 5773.82 6211.28 6553.34 24179.86 34148.80

(6) Purchase of stock-in-trade 0.00 0.00 0.00 0.00 0.00

(c) Change in Inventories of FG, WIP & stock in trade (549.05) (493.28) 733.80 1337.93 2962.72

(d) Employee benefits expenses 1223.79 1132.26 1290.75 4508.53 6157.62

(e) Depreciation & amortization expense 316.26 313.06 375.85 1366.66 1529.29

(f) Finance Cost 314.59 433.21 644.53 1854.39 3250.35

(g) Other Expenditure 1818.33 2653.04 2441.17 9282.82 12814.53

Total Expenses (a to g) 8897.74 10249.57 12039.44 42530.19 60863.31

V. Profit/(Loss) before exceptional Items and Tax (III-IV) (569.26) (491.92)} (1234.41) (3087.45) (5405.30)

VI. Exceptional Items 0.00 0.00 0.00 0.00 0.00

VII. Profit/ (Loss) after execptional items and before tax (V; (569.26) (491.92)| (1234.41) (3087.45) (5405.30)

Vi)

Current tax - - - - -

Deferred tax - - - - -

VIII. Total tax expenses - - - - -

IX. Profit/ (Loss) from continuing operations (569.26) (491.92)} (1234.41) (3087.45) (5405.30)

X. Profit/ (Loss) from discontinuing operations - - - - -

XI. Tax expense of discontinuing operations - - - - -

Xll. Net profit! (loss) from discontinuing operation after tax - - - - -

(X-Xl)

XIll. Profit/ (Loss) for the period (IX+X!I]) (569.26) (491.92)} (1234.41) (3087.45) (5405.30)

XIV. Other Comprehensive Income:

Items will not be reclassified to profit or loss (47.05) 0.00 147.95 27.68 254.35

Items will be reclassified to profit or loss - - - - -

XV. Total Comprehensive Income for the period (XIII+XIV) (616.31) (491.92)} (1086.46) (3059.77) (5150.95)

Comprising Profit (Loss) and Other comprehensive

Income for the period)

XVI. Paid-up Equity Share Capital 13532 13532 13532 13532 13532

Face value of equity share capital (Rs.) 10.00 10.00 10.00 10.00 10.00

XVII]. Reserves excluding Revaluation Reserves as per - - (12,523.67) (9463.90)

balance sheet

XVIII. Earnings per equity share

Basic (0.42) (0.36) (0.91) (2.28) (3.99)

Diluted (0.42) (0.36) (0.91) (2.28) (3.99)

Note: 1. The above financial results have been reviewed by Audit Committee and approved by Board of Directors in their meeting

held on 30/05/2025.

2. Previous year figures have been regrouped and rearranged wherever necessary to make them comparable with those of

current period. a a

Place: Chandigarh Va (DHEERAJ GARG)

Dated : 30/05/2025 ADDL. MANAGING DIRECTOR

—DIN-S0037925,—

----------------Page (15) Break----------------

INDIAN ACRYLICS LIMITED

CIN: L24301PB1986PLC006715

REGD. OFFICE: VILLAGE HARKISHANPURA, SUB-TEHSIL BHAWANIGARH, DISTT. SANGRUR (PB)-148026.

Website: www.indianacrylics.com; Email ID: shares@indianacrylics.com

Segment wise Revenue, Results and Capital Employed (Consolidated)

INR LAKHS

QUARTER ENDED YEAR ENDED

Particulars 31-03-2025 | 31-12-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024

1|Segment Revenue

Fibre 6033.40 7229.80 7970.97 28244.16 40166.32

Yarn 3719.16 4949.32 5130.32 18632.16 28599.69

Total 9752.56 12179.12| 13101.29 46876.32 68766.01

Less: Inter-segment revenue (1460.34)} (2542.86)} (2467.54) (7943.17)| (14149.72)

Total 8292.22 9636.26) 10633.75 38933.15 54616.29

2|Segment result

Profit before tax and finance cost

Fibre 230.26 (138.65) 93.22 236.20 (1853.24)

Yarn (469.11) 106.51 (624.19) (1317.20) (48.21)

Total (238.85) (32.14) (530.97) (1081.00) (1901.45)

(i) Less :- Finance Cost 314.59 433.21 644.53 1854.39 3250.35

(ii) Less :-Unallocable expenses 15.82 26.57 58.91 152.06 253.50

Total Profit before tax (569.26) (491.92) (1234.41) (3087.45) (5405.30)

3|Capital Employed

(Segment Assets - Segment Liabilities)

Fibre 5020.97 4983.81 6192.22 5020.97 6192.22

Yarn (4012.42)} (3358.95)| (2123.90)| (4012.42)] (2123.90)

Unallocable Capital Employed

Total 1008.55 1624.86 4068.32 1008.55 4068.32

Note : Previous year figures have been regrouped and rearranged wherever necessary to make them comparable

with those of current period. ok

Place: Chandigarh (DHEERAJ GARG)

Date: 30/05/2025 ADDL. MANAGING DIRECTOR

DIN: 00034926——

----------------Page (16) Break----------------

INDIAN ACRYLICS LIMITED

CONSOLIDATED CASH FLOW STATEMENT AS AT 31ST MARCH, 2025

(INR LAKHS)

31.03.2025 31.03.2024

(Audited) (Audited)

A. |CASH FLOW FROM OPERATING ACTIVITIES :

NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS (3087.45) (5405.30)

ADJUSTMENT FOR :

l) |ADD: DEPRECIATION 1366.66 1529.29

ii) |ADD: INTEREST & FINANCIAL CHARGES EXPENSES 1854.39 3250.35

ADD: LOSS ON SALE OF FIXED ASSETS 31.76 0.00

OPERATING PROFIT BEFORE WORKING CAPITAL 165.36 (625.66)

CHANGES

ADJUSTMENTS FOR:

TRADE AND OTHER RECEIVABLES 369.29 2199.30

INVENTORIES 316.81 9448,02

TRANSITION IMPACT OF LEASE RENTALS 0.00 0.00

TRADE PAYABLES / CURRENT LIABLITIES (1834.98) (10413.50)

OTHER COMPREHENSIVE INCOME 27.68 254.35

CASH GENERATED FROM OPERATIONS (955.84) 862.51

B. |CASH FLOW FROM INVESTING ACTIVITIES :

PURCHASE OF FIXED ASSETS 0.00 (150.56)

RIGHT TO USE ASSET

SALE OF FIXED ASSETS & ADVANCE 2732.90 186.15

INVESTMENT IN EQUITY 0.00 0.00

NET CASH USED IN INVESTING ACTIVITIES 2732.90 35.59

C. {CASH FLOW FROM FINANCING ACTIVITIES :

INTEREST & FINANCIAL CHARGES PAID (1854.39) (3250.35)

TERM LOANS RECEIVED 0.00 1500.00

TERM LOANS REPAYMENTS (2432.25) (2215.48)

UNSECURED LOAN (INTER CORPORATE LOANS) (PAID)/ 2580.00 353.33

RECEIVED

NET CASH FROM FINANCING ACTIVITIES (1706.64) (3612.50)

D. |NET INCREASE/(DECREASE) IN CASH AND BANK 70.42 (2714.40)

BALANCES

CASH AND BANK BALANCES (OPENING BALANCE) 870.27 3584.67

CASH AND BANK BALANCES (CLOSING BALANCE) 940.69 870.27

Place : Chandigarh

Date : 30/05/2025

Vw GARG)

ADDL. MANAGING DIRECTOR

DIN 00034926

----------------Page (17) Break----------------

INDIAN ACRYLICS LIMITED

STATEMENT OF ASSETS AND LIABILITIES (STANDALONE & CONSOLIDATED)

(INR LAKHS)

STANDALONE CONSOLIDATED

PARTICULARS 31.03.2025 31.03.2024 31.03.2025 31.03.2024

(Audited) (Audited) (Audited) (Audited)

ASSETS

Non-Current Assets

(a) Property, Plant and Equipment 20,576.31 22,344.28 20,576.31 22,344.28

(b) Right to use asset 0.00 173.24 0.00 173.24

(c) Capital work-in-progress 82.55 91.85 82.55 91.85

(d) Other Intangible assets 83.24 104.06 83.24 104.06

(e) Financial assets

(i) Investments 17.85 17.85 0.00 0.00

(ii) Loans 13.87 13.87 13.87 13.87

(iii) Other Financial Assets

(e) Deffered Tax Assets (Net)

(f) Other Non-Current assets 349.90 339.88 349.90 339.88

Total Non Current Assets 21,123.72 23,085.03 21,105.87 23,067.18

Current Assets

(a) Inventories 11,027.99 11,344.80 11,027.99 11,344.80

(b) Financial Assets

(i) Current Investments 0.00 0.00 0.00 0.00

(ii) Trade Receivables 1,567.14 1,813.76 1,567.14 1,813.76

(iii) Cash and Cash equivalents 3.39 867.95 4.57 870.27

(iv) Other bank balance 936.13 936.13

(v) Loans 0.00 0.00 0.00 0.00

(vi) Other Financial Assets 11.88 35.08 11.88 35.08

(c) Other Current Assets 2,569.20 2,678.69 2,569.20 2,678.69

Total Current Assets 16,115.73 16,740.28 16,116.91 16,742.60

Total Assets 37,239.45 39,825.31 37,222.78 39,809.78

EQUITY AND LIABILITIES

EQUITY

(a) Equity Share Capital 13,532.22 13,532.22 13,532.22 13,532.22

(b) Other equity -12,522.12 -9,463.69 -12,523.67 -9,463.90

1,010.10 4,068.53 1,008.55 4,068.32

LIABILITIES

Non-Current Liabilities

(a) Financial Liabilities

(i) Borrowings 13,329.79 12,734.31 13,329.79 12,734.31

(ii) Lease Liabilities 0.00 66.64 0.00 66.64

(iii) Others Financial Liabilities 0.00 0.00 0.00 0.00

(b) Provisions 1,081.97 1,069.61 1,081.97 1,069.61

(c ) Deferred Tax Liabilities (Net) 0.00 0.00 0.00 0.00

(d) Other Non-Current Liabilities 2,160.00 0.00 2,160.00 0.00

Total Non-Current Liabilities 16,571.76 13,870.56 16,571.76 13,870.56

Current Liabilities

(a) Financial Liabilities

(i) Borrowings 4,882.10 5,623.82 4,882.10 5,623.82

(ii) Trade payable due to:

-Micro & Small Enterprises 172.03 165.55 172.03 165.55

-Other than Micro & Small Enterprises 12,158.25 12,699.42 12,143.13 12,684.10

(iii) Lease Liabilities 74.07 258.31 74.07 258.31

{iv) Others Financial Liabilities 27.99 26.94 27.99 26.94

(b) Other Current Liabilities 2,027.29 2,872.84 2,027.29 2,872.84

(c ) Provisions 315.86 239.34 315.86 239.34

(d) Current Tax Liabilities

Total Current Liabilities 19,657.59 21,886.22 19,642.47 21,870.90

Total Equity and Liabilities 37,239.45 39,925.91 37,222.78 39,809.78

Place: Chandigarh (DHEERAJ GARG)

Date: 30/05/2025 ADDL. MANAGING DIRECTOR

DIN-96034926~—_——

----------------Page (18) Break----------------

CIN: L24301PB1986PLC006715

Head Office : ISO 9001-2008 Certified

SCO 49-50-51, Sector 26,

Madhya Marg, Chandigarh — 160019 (INDIA)

Tel : +91-172-2792385 /2793112

Fax : +91-172-2794834 / 2790887

Website : www.indianacrylics.com

SG INDIAN ACRYLICS LIMITED

IAL/2025/

May 30, 2025

THE DY. MANAGER

DEPTT. OF CORPORATE SERVICES

BSE LIMITED

PHIROZE JEEJEEBHOY TOWERS,

DALAL STREET,

MUMBAI - 400 001.

Reg: Declaration for Audit Report(s) with unmodified opinion

Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015

Dear Sir/ Madam,

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended vide Notification No. SEBI/LAD-NRO/

GN/2016-17/001 dated 25 May 2016 and Circular No. CIR/CFD/CMD/56/2016 dated

May 27, 2016.

DECLARATION is hereby given that the Statutory Auditors’ Report on the Annual

Standalone and Consolidated Audited Financial Results for the Financial Year ended

31st March 2025 do not contain any qualifications, reservations or adverse remarks.

Apparently, Audit Report for the said period carries with unmodified opinion.

Kindly take the same on your records please.

For and on behalf of the Board

INDIAN ACRYLICS LIMITED

(BHAVNESH K GUPTA)

COMPANY SECRETARY

FCS-3255

Works & Regd. Office : Village Harkishanpura, Patiala - Sangrur Highway, Distt. Sangrur - 148 026 (Pb.)

Tel.: +91 (1672) 278106, 278104, Fax: +91 (1672) 278110

Delhi Office : S-2, Second Floor, Vasant Square Mall, Community Center, Pocket V , Plot No. A,

Sector B, Vasant Kunj, New Delhi - 110 070, Phone-011-40000378, 377, 376

----------------Page (19) Break----------------