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Pearl Polymers Ltd. Earnings Release 2025

May 30, 2025

62385_rns_2025-05-30_f869bd31-90d6-4d22-aac0-83875ce603fc.pdf

Earnings Release

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Regd. Office: A-97/2, Okhla Industrial Area, Phase-II, New Delhi-110020, INDIA CIN: L25209DL1971PLC005535 Tel. No.:+91-11-47385300

Email: [email protected], Website: www.pearlpet.net

30.05.2025

National Stock Exchange of India Ltd.
Exchange Plaza, 5th Floor
Plot No. C1, G Block
Bandra, Kurla Complex
Bandra (East), Mumbai- 400051		 BSE Ltd.
Phiroze Jeejeebhoy Towers,
25th Floor, Dalal Street,
Mumbai-400001
(Stock Code: PEARLPOLY) (Stock Code: 523260)

Dear Sir/Madam,

Sub: Outcome of Board Meeting

Ref: Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the following:

  • (1) Audited financial results year ended 31st March, 2025, duly approved by the Board of Directors in the Meeting held on 30th May, 2025 along with Auditor's Report. (Annexure-A)
  • (2) Auditors Report for audited financial results for the financial year ended 31st March, 2025. Please note that the Statutory Auditors have issued audit report with unmodified opinion on the Audited Financial Results for the year ended 31st March, 2025 and the declaration for unmodified opinion signed by CFO is attached. (Annexure-B)

The Board Meeting commenced at 11.30 a.m. and concluded at 01.15 p.m.

Kindly take the same on your record.

Thanking you,

Yours faithfully, For Pearl Polymers Limited

AMAN THAKRAN Digitally signed by AMAN THAKRAN Date: 2025.05.30 13:22:51 +05'30'

Aman Thakran Company Secretary

GOEL GOYAL AND CO. CHARTERED ACCOUNTANTS

Address: D-3, PLOT NO.658, SHAKTI KHAND-IV, INDIRAPURAM, GHAZIABAD, U.P. 201014 Email: [email protected] and [email protected] MOB: +91-9871936907

Independent Auditor's Report On Annual Financial Results Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors Pearl Polymers Limited

Opinion

    1. We have audited the annual financial results of M/s Pearl Polymers Limited (hereinafter referred to as the 'Company") for the year ended March 31, 2025 and the statement of assets and liabilities and the statement of cash flows as at and for the year ended on that date, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Listing Regulations').
    1. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial results:
  • i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
  • ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2025 and the statement of assets and liabilities and the statement of cash flows as at and for the year ended on that date.

Basis of opinion

  1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. 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 statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Board of Directors' Responsibilities for the Financial Results

  1. These financial results have been prepared on the basis of the annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these financial results that give a true and fair view of the net loss and other comprehensive loss and other financial information of the Company and the statement of assets and liabilities and the statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting

Other office address:

Branch Office: C-40, First Floor, Sanjay Enclave, Uttam Nagar, New Delhi-110059 Email: [email protected] Second Office: 8/40, Shop No.20, Ground Floor, Karol Bagh, New Delhi-110005

GOEL GOYAL AND CO. CHARTERED ACCOUNTANTS

Address: D-3, PLOT NO.658, SHAKTI KHAND-IV, INDIRAPURAM, GHAZIABAD, U.P. 201014

Email: [email protected] and [email protected] MOB: +91-9871936907

Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for 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 statements 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 financial results by the Directors of the Company, as aforesaid.

    1. In preparing the financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company 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.
    1. The Board of Directors of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Financial Results

    1. 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 based on these financial results.
    1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We are also:
  • i. Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
  • ii. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such control.

Other office address:

GOEL GOYAL AND CO. CHARTERED ACCOUNTANTS

Address: D-3, PLOT NO.658, SHAKTI KHAND-IV, INDIRAPURAM, GHAZIABAD, U.P. 201014

Email: [email protected] and [email protected] MOB: +91-9871936907

  • iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
  • iv. 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 Company 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.
  • v. 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.
    1. We communicate with those charged with governance of the Company 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.

Other Matters

    1. The Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures, between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter ended 31st December, 2024 of the current financial year. The figures for the quarter ended March 31, 2025 are neither subject to limited review nor audited by us.
    1. The annual financial results dealt with by this report has been prepared for the express purpose of filing with Stock Exchanges. These results are based on and should be read with the audited financial statements of the Company for the year ended March 31, 2025 on which we issued an unmodified audit opinion vide our report dated May 30, 2025.

UDIN: 25537710BMULBG4862

PEARL POLYMERS LIMITED

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2025 CIN NO. L25209DL1971PLC005535

(Rs.
lakhs)
in
Quarter
Ended		 Year Ended
SI. No. Particulars 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024
(Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)
(1) (2) (3) (4) (5) (6 {7)
1 Income
Revenue
a)
from
Operations		 622.81 \$49.07 517.75 2,197.21 1,640.15
Other
b)
Income		 (150.83) (27.69) 119.09 319.60 795.73
Total
Revenue		 471.98 521.38 636.84 2,516.81 2,435.88
2 Expenses
Cost
of
Materials
a)
Consumed
of Stock
b)
Purchase
Trade
in		 320.40 252.34 272.97 1,117.98 1,009.55
c)
Changes
of
in
Inventories
finished
goods, work
in
progress
stock
trade
and
in		 \$9.21 19.69 24.02 56.77 (32.79)
d)
Employees
Benefit
Expenses
e)
Finance
Cost		 130.71 127.31 114.46 498.53 503.67
Depreciation
Amortization
f)
Expenses
&		 0.88
11.56		 2.46 0.89 5.53 5.32
Other
Expenditure
g)		 407.08 12.46
328.81		 16.41
278.35		 48.63
1,316.50		 60.36
857.06
Tota!
Expenses		 929.84 743.07 707.10 3,043.94 2,403.17
3 Profit/(Loss)
exceptional
tax
before
items
and
(1-2)		 (457.86)
4 Exceptional
/ (Exps))
Items
( Income		 (221.69) (70.26) (527.13) 32.71
5 Profit/(Loss)
before
tax
(3-4)		 (457.86) (221.69) (70.26) (527.13) 32.71
6 Tax
Expense
(a)
Current
tax
(b)
Deferred
tax		 (19.40) (20.60) (19.40) (20.60)
(c)Tax
adjustment
for
earlier
year		 4.27 4.27 (12.10)
Total
tax
expense		 (15.13) (20.60) (15.13) (32.70)
7 Net
Profit/(Loss)
for
the
period
(5-6)		 (442.73) (221.69) (49.66) (512.00) 65.41
8 Other
(net
of
tax)
Comprehensive
Income		 (3.24) (14.00) (3.24) (14.00)
that will
of
a)
not
reclassified
to
statement
Item
be
Profit
&
Loss		 (3.24) (14.00) (3.24) (14.00)
statement
of
that will
reclassified
to
Profit
b)
Item
be
&
Loss
9 (after
tax)
Total
Comprehensive
Income
(7+8)		 (445.97) (221.69) (63.66) (515.24) 51.41
10 Rs. 10/-
of
equity
share
capital
each
up
[Paid		 1,682.68 1,682.68 1,682.68 1,682.68 1,682.68
Reserves
excluding
Revaluation
Reserves
per
balance
as
11 sheet
of
previous
accounting
year		 1,657.36 2,172.60
12 Earning
per
Share
(not
annualised)
(in
Rs.)
(Equity
share
value
Rs.10
each)
par
-Basic (2.63) (1.32) (0.30) (3.04) 0.39
-Diluted (2.63) (1.32) (0.30) (3.04) 0.39

Annexure |

YEAR
CASH
FLOW
STATEMENT
FOR
THE
ENDED		 31st
March,
2025
---------------------------------------------------------- ------------------------
For
year
the		 For
year
the
Ended Ended
S.No. Particulars 31-03-2025 31-03-2024
(Rs.
lakhs)
in		 (Rs.
lakhs)
in
A. Cash
flow
operating
activities:
from
/ (loss)
tax
Net
before
profit		 (527.13) 32.71
Adjustments
for
:
Depreciation/Amortisation 48.63 60.36
Expense
Interest		 §.53 5.32
Interest
Income		 (73.44) (105.97)
Dividend
Income		 (19.06) (20.01)
Actuarial
Gain
OCI
routed
through		 (3.24) (14.00)
sale
of assets
(Profit)/loss
on		 (0.28) 7.16
sale
(Profit)/loss
of Investments
on		 (171.60) (138.40)
(Profit)/loss
revaluation
of Investments
on		 119.44 (465.98)
working
capital
Operating
profit
before
changes (621.15) (638.81)
changes
working
Adjustments
for
capital
In
:
- (Increase)/Decrease
Sundry
Debtors
in		 3.33 29.28
- (Increase)/Decrease
Other
Receivables
in		 (12.89) (6.10)
- (Increase)/Decrease
Inventories
in		 52.18 (33.47)
- Increase/(Decrease)
Trade
and
Other
in
Payables 91.77 (38.24)
Cash
operations
generated
from		 (486.76) (687.34)
- Taxes
(Paid)
/ Received		 4.33 (21.66)
activities
cash
operating
(a)
Net
from		 (482.43) (709.00)
B. investing
activities:
flow
from
Cash
assets
Purchase
of fixed
Additions
during
the
period		 (45.32) (57.01)
Sale
assets
Proceeds
of fixed
from		 1.58 0.65
(Purchase)/
Sale
of Investment		 280.84 771,45
(Revenue)
Received
Interest		 76.27 103.19
(Revenue)
Received
Dividend		 19.06 20.01
cash
investing
activities
(b)
used
Net
in		 332.43 838.29
C. Cash
flow
financing
activities:
from
Proceeds
long
borrowings(Net)
from
term		 (9.95) (12.87)
Paid
Interest		 (5.59) (5.39)
( c)
cash
financing
activities
used
Net
in		 (15.54) (18.26)
Cash
Cash
Increase/(Decrease)
&
Net
in
(atb+c)
Equivalents		 (165.54) 111.03
Cash
cash
as
equivalents
at
01.04.2024
and		 276.23 165.20
Cash
cash
equivalents
as
at
31.03.2025
and		 110.69 276.23
Cash
cash
equivalents
comprise
and
Cash
in hand		 0.22 0.08
Banks
Balance
Scheduled
with		 75.47 143.15
Cash
Bank
Cash
Balance
other
than
and
Equivalen		 35.00 133.00
110.69 276.23

Liabilities:
Statement
of
Assets
and		 (Rs. in
Lakhs)		 (Rs. in
Lakhs)
Particulars For
the
Year
ended}
31.03.2025		 For
the
Year
ended
31.03.2024
Audited Audited
ASSETS
Non-Current
Assets
(a) Property
&
Equipment
Plant		 389.59 462.52
(b) Investment
Property		 69.56
(c) Other
Intangible
Assets		 3.68) 4.92
(d) Financial Assets
(i) Investments 139.43 139.43
(ii) Loans 8.91 8.91
{e) Tax
Deffered
Assets
(Net)		 33.50 14.10
(fl Other
Non-Current
Assets		 2.09 1.47
Sub-total - Non-Current
Assets		 646.76)
2 Current
assets
(a) Inventories 156.07 208.24
(b) Financial Assets
(i) Investments 2,652.01 2,880.69
(ii) Trade
Receivables		 172.14 175.47
(iii) Cash
Equivalents
and
Cash		 75.69 143.23
other
(iii) above
{iv) Bank
Balance
than		 35.00
84.62		 133.00
80.02
(v) Loans 46.94 49.77
(vi) Other
Financial Assets		 25.16 33.76
(c)
(d)		 Current
(Net)
Tax
Assets
Other
Current
Assets		 190.65 182.99
Sub-total -Current
Assets		 3,438.20 3,887.17
- ASSETS
TOTAL		 4,085.04 4,510.52
EQUITY
AND
LIABILITIES
1 EQUITY
Equity
Capital
Share		 1,682.68 1,682.68
Other
Equity		 1,657.36 2,172.60
total - Equity
Sub		 3,340.04 3,055.20
2 Non-current
liabilities
(a) Financial Liabilities
(i) Provisions 78.64 70.40
(ii) Other
Current
Liabilities
Non		 52.75 58.84
Sub-total - Non-Current
Liabilities		 137, 125.24
3 Current
Liabilities
{a) Financial Liabilities
(i) Borrowings 9.95)
(il) Trade
Payables
of micro
enterprises
small
-Total outstanding
dues
and
enterprises 39.94 20.68
of
creditors
other
than
micro
-Total outstanding
dues
small enterprises
enterprises
and		 376.85 399.57
(iii) Other
financial Liabilities		 42.13 31.18
(b) Other
Current
Liabilities		 145.85 60.10
(c) Provisions 8.84 12.52
Sub-total - Current
Liabilities		 613.61 534.00
EQUITY
AND
uABILITIES
TOTAL

NOTES:

1 The Financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind-AS) notified under the companies (Indian Accounting Standards) Rules, 2015 as amended by the companies (India Accounting Standards) (Amendement) Rule,2016.

2 The aforementioned results are reviewed by the Audit Committee of the Board and subsequently approved and taken on record by the Board of Directors at its meeting held on 30th May, 2025.

3 The Company is in the business of trading Bottles, Jars & Containers under "Pearl Pet" brand and has only one reportable segment.

4 Figures for the quarter ended March 31, 2025 and March 31, 2024 represents the difference between audited figures in respect of the full financial year and the published figures of nine months ended Decent 0584 and December 31, 2023 respectively.

5 The previous period's figures have been regrouped/reaphadgeli/Aegiayc fied wherever considered necessary

Place: New Delhl

ad Ghaz Dated: 30th May 2025 ered Accous

of f \O t Pearl Polymers Ltd ce Udit Seth Chairman & Managi DIN 00005403

Regd. Office: A-97/2, Okhla Industrial Area, Phase-ll, New Delhi-110020, INDIA CIN: L25209DL1971PLC005535 Tel. No.:+91-11-47385300 Email: [email protected], Website: www pearipetnet

30.05.2025

Stock
National
Exchange
of India
Ltd
5"
Exchange
Plaza,
Floor
Plot
C1,
G
Block
No.
Bandra,
Kurla
Complex
Mumbai-
Bandra
(East),
400051		 BSE
Ltd.
Phiroze
Jeejeebhoy
Towers,
25"
Floor,
Dalal
Street,
Mumbai-400001
(Stock (Stock
Code: Code:
PEARLPOLY) 523260)

Dear Sir/ Madam,

Sub: Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 - Declaration for Audit Report with Unmodified Opinion for the Financial Year ended March 31, 2025

Pursuant to Regulation 33(3) of SEB! (Listing Obligations and Disclosure Requirements) Regulation, 2015, this is to confirm and declare that the auditors of the Company M/s Goel Goyal & Co., Chartered Accountants have issued the Audit report(s) with unmodified opinion in respect of the Financial Statements/ Financial Results for the Financial Year ended March 31, 2025.

You are requested to take the same on record.

Thanking you,

Yours faithfully For Pearl Polymers Limited

Sanjeev Rikhi Chief Financial Officer

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