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©
retina
PAINTS LIMITED
Date: 30.05.2025
The Listing Department,
M/s BSE Limited
P.J. Towers
Dalal Street, Fort
Mumbai 400 001
Dear Sirs,
SUB: Outcome of Board Meeting
REF: Regulation 30 read with Schedule III, of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015
Further to our intimation dated May 22, 2025, we are pleased to inform you
that the Board of Directors, at its meeting held today, May 30, 2024, has
approved the following:
1. Audited Financial Results of the company for the half year and year ended
31st March 2025. The financial results together with the auditor’s report
are enclosed as “ANNEXURE - A” and the same will be uploaded on the
website of the company www.retinapaints.com.
2. Re-appointment of M/s. M M R S & Co, Chartered Accountants,
Hyderabad, as the Internal Auditors of the company for the financial year
2025 - 26.
3. Re-appointment of M/s. MVK ®& Associates, Practicing Company
Secretaries, Hyderabad, as the Secretarial Auditors of the company for the
financial year 2025 - 26.
4. Re-appointment of M/s. KP Associates, Chartered Accountants,
Hyderabad, as the Tax Auditors of the company for the financial year
2025- 26.
The Meeting commenced at 12:30 P.M and concluded at 02:00 P.M
Thanking you,
Yours Sincerely,
For RETINA PAINTS LIMITED
MADHU SOLANKI,
COMPANY SECRETARY & COMPLIANCE OFFICER,
MEMBERSHIP NUMBER: A75333.
Regd. & Corporate Office : Block # 2, 2” & 3” Floors, Survey No, 184 & 185, Opp : Ganesh Kaman
5" Phase, IDA Cherlapally, Hyderabad - 500 051, Medchal Malkajgiri, Telangana, India.
Tel : +91 40 2720 5580 | Mobile : +91 96189 19333
E-mail : info@retinapaints.com | Website : www.retinapaints.com
CIN : L24232TG2010PLC071018
----------------Page (0) Break----------------
ANNEXURE-A
RETINA PAINTS LIMITED
CIN: L24232TG2010PLC071018 Statement of the Audited Financial Results for the Half and Year Ended 31st March 2025
(in % Thousands, except equity share and per equity share data)
; Half-Year | Half-Year | Half-Year Year Ended Year Ended
Particulars Notes Ended Ended Ended 31.03.2025 31.03.2024
31.03.2025 | 30.09.2024 | 31.03.2024
I {Income
(a) Revenue from Operations 18 147,984.95 58,257.28 64,967.11 2,06,242.23 1,16,564.43 (b) Other Income 19 2,519.20 1,332.40 55,617.31 3,851.60 56,670.74
Total Income [(a) + (b)] 150,504.15 | 59,589.68 | 1,20,584.42 210,093.83 1,73,235.17
II_ | Expenses
Cost of Materials Consumed 20 63,292.94] 34,440.32 39,648.79 97,733.26 86,583.71
(Increase) / Decrease in Inventories 21 19,436.63 | (26,757.60)} (10,050.42) (7,320.97) (32,358.96)
Employee Benefit Expenses 22 9,824.18 21,096.00 15,036.78 30,920.18 30,764.74 Finance Costs 23 4,604.59 4,743.76 4,001.61 9,348.35 6,928.72
Depreciation and Amortisation Expenses 9 2,149.96 1,907.26 (745.28) 4,057.22 2,952.80 Other Expenses 24 37,580.97 | 19,264.63 39,615.05 56,845.60 67,993.32
Total Expenses 136,889.26 | 54,694.37 | 87,506.52 1,91,583.63 1,62,864.33
VU. EXTRAORDINARY ITEMS
III | Profit before Exceptional, Extraordinary Items and Tax (I-II) 13,614.89 4,895.31 33,077.90 18,510.20 10,370.84 IV |Exceptional Items -
V |Profit before Extraordinary Items and Tax (ITI-IV) 13,614.89 4,895.31 33,077.90 18,510.20 10,370.84 VI | Extraordinary Items
VI |Profit Before Tax (V-VI) 13,614.89 4,895.31 33,077.90 18,510.20 10,370.84 VII | Tax Expenses:
Current tax 3,335.54 628.13 1,569.85 3,963.67 1,569.85
Deferred tax 771.05 736.06 2,579.79 1,507.11 1,377.24
MAT Credit Entitlement - - - - -
Total Tax Expenses 4,106.59 1,364.19 4,149.65 5,470.78 2,947.10
VIII| Profit After Tax 9,508.30 3,531.12 28,928.25 13,039.42 7A23.74 IX |Paid up Equity Share Capital (FV of Rs. 10/- each) 1,53,400.00 | 1,39,400.00 | 1,39,400.00 1,53,400.00 1,39,400.00
X |No. of Equity shares (FV of Rs.10/- each) 1,53,40,000 | 1,39,40,000 | 1,39,40,000 1,53,40,000 1,39,40,000
XI |Earnings per Equity Share of Rs.10/- each
1. Basic 0.62 0.25 2.08 0.85 0.54
2. Diluted 0.62 0.25 2.08 0.85 0.54
Place: Hyderabad Date: 30-05-2025
For Retina Paints Limited
Rakesh Dommati
Managing Director
DIN:03214046
----------------Page (1) Break----------------
RETINA PAINTS LIMITED
CIN: L24232TG2010PLC071018
Statement of Audited Assets and Liabilities as at 31st March 2025
(in = Thousands)
Particulars Notes Asat Asat 31.03.2025 31.03.2024
I JEQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital 1 1,53,400.00 1,39,400.00
(b) Reserves and Surplus 2 1,88,090.43 81,601.01
3,41,490.43 2,21,001.01
(2) Non-Current Liabilities
(a) Long-Term Borrowings 3 22,644.56 24,507.94
(b) Long-Term Provisions 4 422.76 480.72
23,067.33 24,988.66
(3) Current Liabilities
(a) Short-Term Borrowings 5 66,448.72 40,016.73
(b) Trade Payables 6 50,428.54 34,257.71
(c) Other Current Liabilities 7 49,621.13 17,519.71
(d) Short-Term Provisions 8 7,046.84 5,419.18
1,73,545.23 97,213.33
TOTAL 5,38,102.99 343,202.99
II] ASSETS
(1) Non-Current Assets
(a) Property, Plant and Equipment and . 9
Intangible Assets
(i) Property, Plant and Equipment 1,25,750.07 1,15,238.17
(ii) Intangible Assets -
(ii) Capital Work in progress -
(b) Deffered Tax Asset 10 (2,804.83) (1,297.72)
(c) Long-Term Investments 11 1,800.00 -
(d) Long-Term Loans and Advances 12 1,115.00 1,285.00
1,25,860.25 1,15,225.45
(2) Current Assets
(a) Inventories 13 57,109.56 68,714.66
(b) Trade Receivables 14 2,36,456.44 1,13,863.74
(c) Cash and Cash Equivalents 15 3,216.59 3,559.52
(d) Short-Term Loans and Advances 16 92,163.90 34,270.68
(e) Other Current Assets 17 23,296.26 7,568.94
4,12,242.74 2,27,977 54
TOTAL 5,38,102.99 3,43,202.99
Place: Hyderabad
Date: 30-05-2025
For Retina Paints Limited
Rakesh Dommati
Managing Director
DIN:03214046
----------------Page (2) Break----------------
RETINA PAINTS LIMITED
CIN: L24232TG2010PLC071018
Statement of Audited Cash Flows for the year ended 31st March 2025
(in = Thousands)
Year ended 31.03.2025 Year ended 31.03.2024
Particulars
(Amount in 2)|_ (Amount in)| | (Amount in 2) (Amount in 2)
I. Cash From Operating Activities
Net Profit before tax 18,510.20 10,370.84. Add: Adjustments for Non Cash and Non Operating Items
Depreciation 4,057.22 2,952.80 Interest Received on Deposits (266.60) (1,423.56)
Financial Charges 9,348.35 6,928.72
Interest receivable on loan (941.64)
Profit on Sale of Asset - (122.18)
Interest on Income Tax 570.15 130.79
Income Tax Refund Receivable - 6.93
Operating Profit before working capital changes 31,277.68 18,844.33
Increase / Decrease in Working Capital
(Increase) / Decrease in Inventories 11,605.10 (30,439.70)
(Increase) / Decrease in Sundry Debtors (1,22,592.70) (72,144.72)
(Increase) / Decrease in Loans & Advances (57,723.22) (15,986.66)
(Increase) / Decrease in Other Current Assets (15,727.32) (6,126.19)
Increase / (Decrease) in Non Current Liabilities (57.95) (39.74)
Increase / (Decrease) in Current Liabilities 47,506.10 21,102.31
Cash Generated/Used in Operations (1,36,989.99) (1,03,634.70)
Income Tax Paid (2,140.00) (900.00)
Taxes Paid (2,140.00) (900.00)
Net Cash Flow From Operating Activities - I (1,07,852.30) (85,690.37)
II. Cash From Investing Activities:
Purchase of Fixed Assets (14,569.13) (22,450.99)
Long term Investments (1,800.00) -
Interest receivable on loan 941.64 -
Interest Received on Deposits 266.60 1,423.56
Profit on Sale of Asset - 122.18
Net Cash Flow From Investing Activities - II (15,160.90) (20,905.25)
III. Cash From Financing Activities
Increase in Shareholders funds 14,000.00 37,000.00
Securities Premuim Reserve 93,450.00 51,746.60 Increase / ( Decrease) in Long Term Borrowings (1,863.38) 3,016.67
Increase in Short Term Borrowings 26,431.98 21,684.26 Financial Charges (9,348.35) (6,928.72)
Net Cash Flow From Financing Activities - ITT 1,22,670.26 1,06,518.80
Net Increase in cash & cash equivalent (I+II+III ) (342.93) (76.81)
Reconciliation :
Cash & Cash Equivalents at the beginning of the year 3,559.52 3,636.33
Cash & Cash Equivalents at the end of the year 3,216.59 3,559.52
Increase in cash & cash equivalents at the end of the year (342.93) (76.81)
Place: Hyderabad
Date: 30-05-2025
For Retina Paints Limited
Rakesh Dommati
Managing Director
DIN:03214046
----------------Page (3) Break----------------
CMT & ASSOCIATES Or
Chartered Accountants
Independent Auditor’s Report On Audited Half Year and Year to Date Results
of Retina Paints Limited Pursuant to The Regulation
33 Of The SEBI (Listing Obligation And Disclosure Requirement)
Regulation, 2015, As Amended
To
The Board of Directors,
Retina Paints Limited
Opinion
We have audited the accompanying annual financial results of Retina Paints Limited
(“the company”) for the half year ended 31st March 2025 and the year to date results
for the period from 1: April 2024 to 31st March 2025, being submitted by the Company
pursuant to the requirement of Regulation 33 of The SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015, as amended ("the listing regulations;’).
In our Opinion 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 SEBI
(Listing Obligations and Disclosure Requirements) Regulations 2015, as amended
li. Gives 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 financial
information for the half year ended 31st March 2025 and the year to date results
for the period from 1st April 2024 to 31st March 2025.
Basis of 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 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.
H.No.:25-105, Ashok Nagar,
Ramachandrapuram,
H.No.6-3-664, Flat No.101,
pari
ea A an
Punjagutta, Hyderabad - 500 082. : emtcllants@gmail.com
Ph : +91-40-40151553 admin@cmtassociates.in Cell : 9030037499,
9849864269 MUSA SS I
----------------Page (4) Break----------------
Management Responsibilities for the Annual Financial Results
The Statement, which is the responsibility of the Company’s management and
approved by the Board of Directors, has 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
Accounting Standards prescribed under Section 133 of the Act read with relevant rules
issued thereunder other accounting principles generally accepted in India and in
compliance with Regulation 33 of the Listing Regulations.
This responsibility also includes maintenance of adequate records in accordance with
the provisions of the Act for safeguarding of the Assets of the company and for
preventing and detecting frauds and error 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 annual 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
ceases the 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.
Auditors' Responsibilities for the Audit of the Annual 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 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:
----------------Page (5) Break----------------
e Identify and assess the risks of material misstatement of the financial
results, whether due to fraud or error, design and perform audit procedure,
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 arc 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 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
regulations 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 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 financial
results, including the disclosures and whether the financial results
represent the underlying transactions and events in a manner that achieves
fair representation.
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.
----------------Page (6) Break----------------
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 Matters
The annual financial results include the results for the half year ended March
31, 2025 being the balancing figure between audited figures in respect of the
full financial year and the unaudited year to date figures upto the first half year
(September 30, 2024) of the current financial year which were subject to limited
review by us. Our report on the Statement is not modified in respect of this
matter.
For CMT & Associates
Chartered Accountants /
Firm Registration no: 011515S
CA. China Masthan T
Partner
Place: Hyderabad Membership No: 218549
Date: 30.05.2025 UDIN: 25218549BMIYZU7301
----------------Page (7) Break----------------
NOTES TO FINANCIAL RESULTS
1.
10.
The financial results of the company have been reviewed and recommended
by the audit committee and approved by the board of directors of the company
in their meeting held on 30th May, 2025. The results are being published in
accordance with regulation 33 of the SEBI (listing obligations and disclosure
requirements) regulations ,2015.
The Company operates only in one segment viz manufacturing and selling of
paints.
The Figures for the previous year have been regrouped/ rearranged wherever
necessary to make them comparable.
The financial results of the company have been prepared in accordance with
accounting standards (as) notified under section 133 of the company’s act, read
with the companies (accounts) rules 2014 as considered material and
appropriate.
As per ministry of corporate affairs notification February 16, 2015, companies
whose securities are listed on SME exchange as referred to in chapter XB of the
securities and exchange board of India (issue of capital and disclosure
requirements) regulations, 2009 [ICDR,2009] are excepted from the compulsory
requirements of adoption of Ind AS.
The figures for the half year ended March 31, 2025, are arrived at as difference
between audited figures in respect of full financial year and unaudited public
figures up to six months ended on September 30, 2024.
There were no Investor Complaints pending received during the period under
review.
There were no exceptional and extra-ordinary items for the reporting period.
Retina Retail Limited, a wholly-owned subsidiary of the Company, ceased to
be a wholly-owned subsidiary and became an associate company with effect
from March 27, 2025.
During the second half of the financial year, the Company issued 14,00,000
equity shares of %10 each at a premium of %66.75 per share through a
preferential allotment on October 9, 2024.
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©
. retina
PAINTS LIMITED
30.05.2025
The Listing Department,
M/s. BSE Limited,
P.J.Towers,
Dalal Street, Fort,
Mumbai — 400 001.
Dear Sirs,
SUB: Declaration of Audit Report with Un-modified Opinion
REF: Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
This has reference to the above subject.
We hereby declare that the Statutory Auditors of the Company i.e, CMT &
Associates had issued an unmodified Audit Report on the financial results of
the company for the financial year ended 31st March, 2025.
Thanking you,
Regards,
For RETINA PAINTS LIMITED
Ww
S. VISHNU VARDHAN
CHIEF FINANCIAL OFFICER
Regd. & Corporate Office : Block # 2, 2” & 3° Floors, Survey No. 184 & 185, Opp : Ganesh Kaman
5" Phase, IDA Cherlapally, Hyderabad - 500 051, Medchal Malkajgiri, Telangana, India.
Tel : +91 40 2720 5580 | Mobile : +91 96189 19333
E-mail : info@retinapaints.com | Website : www.retinapaints.com
CIN: | 24732TG2010P1 0071018
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©
. retina
PAINTS LIMITED
30.05.2025
The Listing Department,
M/s. BSE Limited,
P.J.Towers,
Dalal Street, Fort,
Mumbai — 400 001.
Dear Sirs,
SUB: Submission of details of Outstanding Qualified Borrowings and
Incremental Qualified Borrowings for the financial year 2024 — 25.
REF: SEBI Circular No. SEBI/HO/DDHS/DDHS-
RACPOD1/P/CIR/2023/172 dated 19* October 2023.
This has reference to the above subject.
Outstanding Qualified Borrowings at the start of 1 6.89
the financial year.
2 Outstanding Qualified Borrowings at the end of 9.84
the financial year °
Highest credit rating of the company relating to
the unsupported bank borrowings or plain
3 vanilla bonds, which have no Not Rated
structuring/support-built in.
4 Incremental borrowing done during the year. 2.95
Borrowings by way of issuance of debt securities
5 : NIL during the year
Thanking you,
Regards,
For RETINA PAINTS LIMITED
Woe oe ;
S. VISHNU VARDHAN
CHIEF FINANCIAL OFFICER
Regd. & Corporate Office : Block # 2, 2” & 3° Floors, Survey No. 184 & 185, Opp : Ganesh Kaman
5" Phase, IDA Cherlapally, Hyderabad - 500 051, Medchal Malkajgiri, Telangana, India.
Tel : +91 40 2720 5580 | Mobile : +91 96189 19333
E-mail : info@retinapaints.com | Website : www.retinapaints.com
CIN : L24232TG2010PLC071018
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