Manugraph India : MIL Financial Results 31032025

‌Technology in. Print

May 29, 2025

To

BSE Limited,

Phiroze Jeejebhoy Tower, Dalal Street, Fort, Mumbai - 400 001.

To

The Manager,

Listing Department,

National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Dear Sir,

In continuation of our intimation dated May 19, 2025, we wish to inform you that the Board of Directors of the Company at its meeting held today approved the following Audited Financial Results for the quarter /year ended March 31, 2025.

Pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulations, 2015, we enclose the following:

1. Statements showing the Audited Financial results for the quarter/year ended March 31, 2025;

2. Auditors' Report on the Audited Financial Results; and

3. A declaration that the Auditor's Report on Financial Statements for the quarter and year ended March 31, 2025 are with unmodified opinion.

   The meeting of the Board of Directors commenced at 3.15 p.m. and concluded at 5.15 p.m. We request you to kindly bring the above information to the notice of your members.

   For Manugraph India Limited

   
   
   

   Mihir V. Mehta Company Secretary & Chief Financial Officer

   Encl.: a/a

   MANUL RA PH INDIA LIMITED

   
   
   
   
   
   
   
   
   

   Technology in Print

   May 29, 2025

   To

   Dept. of Corporate Services,

   BSE Limited,

   Phiroze Jeejebhoy Tower, Dalal Street, Fort, Mumbai - 400 001.

   Security Code No. 505324

   Dear Sir/Madam,

   To

   The Manager,

   Listing Department,

   National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

   Security Symbol : MANUGRAPH Security Series : EQ

   Sub: Declaration under Regulation 33(3)(d) of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015

   We hereby declare that in respect of Audited Financial Results for the financial year ended March 31, 2025 which have been approved by the Board of Directors of the Company at its meeting held today, i.e. May 29, 2025, the Statutory Auditors have not expressed any modified opinion(s) in their Audit Report.

   The above declaration is made in pursuant to regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and disclosure Requirements) Regulations, 2015, as amended.

   We request you to take the same on record.

   Thanking you, Yours faithfully,

   For Manugraph India Limited
   
   
   
   
   
   

   ‌Desai Ohah & Associates

   CHARTERED ACCOUNTANTS

   Independent Auditor's Report on the Quarterly and Year-to-date Audited Financial Results

   To

   The Board of Directors Manugraph India Limited

   Report on the audit of the Financial Results Opinion

   We have audited and reviewed the quarterly and year to date Financial results of Manugraph

   India Ltd (the "Company"), for the quarter and year ended March 31, 2025, both included in the accompanying "Statement of Annual Financial Statements and Quarterly Financial Results for the year and quarter ended March 31,2025" of the Company (the "Statement") 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 for the year ended March 31, 2025:

   1. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S, as amended; and

   2. gives a true and fair view, in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards ("Ind AS") and other accounting principles generally accepted in India, of the loss and total comprehensive income/(loss) and other financial information of the Company for the quarter and year ended March 31,2025.

Basis for Opinion on the Audited Financial Results for the year ended March 31, 202S.

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 Annual Financial Results for the year ended March 31, 2025" section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICA1") together with the ethical requirements that are relevant to our audit of the

Page 1 of 5

Unit 6

Su

ummit Business Bay, dehind turunanak Petrol Pump, Next to Western Express Highway Metro Station ndheri {El, Mumbai 400 093 '4• lei 2683 9090 2683 2850 4• E Mail [email protected]

Annual Financial Results for the year ended March 31, 2025 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 lCAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter

a. We draw attention to Note no. 4 of the Statement which describes management's assessment of Exceptional items and its impact on the operations and financial results of the Company.

Our conclusion on the Statement is not modified in respect of the above matters.

This Statement, which includes the Annual Financial Results and the Quarterly Financial Results, is the responsibility of the Company's Board of Directors, and has been approved by them for the issuance. The Financial Results for the year ended March 31, 2025, has been compiled from the related audited Financial Statements for the quarter and year ended March 31 2025. This responsibility includes the preparation and presentation of the Annual Financial Results and Quarterly Financial Results for the year and quarter ended March 31, 2025 that give a true and fair view of the net loss and total comprehensive income/(loss) and other financial information in accordance with the recognition and measurement principles laid down in Ind AS, 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. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding 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

is 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, maners 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 also responsible for overseeing the financial reporting process of the

Company.

Page 2 of 5

Auditor's Responsibilities for the Audit »i me Annual Financial Results for the year ended March 31, 2025

Our objectives are to obtain reasonable assurance about whether the Annual Financial Results

for the year ended March 31, 2025, 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 this Statement for the year ended March 31, 2025.

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 for the year ended March 31, 2025, 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 controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of such controls. Under Section 143(3)(i) of the Act we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the 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 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

  
  
  
  
  
  

  Page 3 of 5

  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 for the year ended March 31, 2025 including the disclosures, and whether the Statement for the year ended March 31, 2025represent the underlying transactions and events in a manner that achieves fair presentation.

  • Obtain sufficient appropriate audit evidence regarding the Statement for the year ended March 31, 2025 of the Company to express an opinion on the Statement for the year ended March 31, 2025.

Materiality is the magnitude of misstatements in the Statement for that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement 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 Statement.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with • relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence,

and where applicable, related safeguards.

Review of the Quarterly Financial Results for the quarter ended March 31,202 S.

We conducted our review of the Financial Results for the quarter ended March 31, 2025 in accordance with the Standard on Review Engagements ('SRE") 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making enquiries primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Page4ofS

Other matters

The Statement includes the results for the quarter ended March 31, 2025, being the balancing figure between the aud ited figures in respect of the year ended March 31, 2025, and the published unaudited year to date figures up to December 31, 2024 which were su bject to limited review by us as required under the Listing Regulations. Our conclus ion on the Statement is not modified in respect of the above matters.

For, Desai Shah & Associates

Chartered Ac untants

g

lCA F.R N . 118174W

Ya sh Mohanlal Desai Partner

Membership No: 034975 Place: Mumbai

Date: May 29, 2025

UDIN: 25034975BMIOLG7636

Page 5 of 5

‌MANUGRAPH INDIA LIMITED

Regd. Office: 2nd Floor, Sidhwa House, N.A. Sawant Marg, Colaba, Mumbai 400 OOS, Maharashtra, India.

CIN: L29290MH 1972PLC015772; Tel No. 022-35121178-80 / 82;

Email: [email protected]; Website: https://www.manugraph.com

STATEME iT OF AUDITED FIiiAhiCIAL RESULTS FOR THE QUARTER AND YEAR EhiDED 31ST MARCH 2025

(Rs. in lakhs except: EP'›]

Revenue from Operations

1. Other Income

2. Total Income (I+II)

3. Expenditure

   1. Cost of materials consumed

   2. Changes in inventories of finished goods- work-in-progress and stock-in-trade

   3. Employee benefits expense

   4. Finance Cost

   5. Depreciation and amortisation expense

   6. Other expenses

      Total Expenses (IV)

4. Profit/(Loss) before Exceptional item and Tax (III - IV)

5. Exceptional item ( Refer Note 4 )

6. Profit/(Loss) before Tax (V + VI)

   1. Current Tax

   2. Deferred Tax

   3. Tax adjustment of previous year

7. Tax Expense

8. Profit/(Loss) for the period (VII-VIII)

   Other Comprehensive Income

   1. Items that will not be reclassified to statement of profit and loss

      1. Remeasurement gain / (loss) on defined benefit plans

      2. Tax effect relating to items above

Other Comprehensive Income / (Loss) after tax

1. Total Coraprehensive Income / (Loss) aRer tax (IX + X]

2. Paid-up equity share apitat (Face value of Rs. 2/- each)

3. Other Equity

4. Earning per share - Not annualised :

   1. Before exceptional items - Basic & Diluted (in Rs.)

   2. After exceptional items - Basic & Diluted (in Rs.] Par value (in Rs.)

2;80&80

1,542,73

502.10

43&40

57.49

19.07

33t.49

2,g92Ag

{s )

(23J0)

(1ft5&g)

18.23

(0.69)

.,{M5•Z2)

16A2 (4.16)

1 i6

[109A)

(0.30)

(0.38)

2.00

670.60

606.25

(290.65)

448.56

65.62

19.89

275.14

1,124.81

(454.21)

(10.28)

(464.49)

(9.14)

(9.14)

(455.35)

6.25

(1.63)

4.62

(450.73}

(1.47)

(1.50)

2.00

1,484.90

840.60

22.03

669.03

S9.03 24.76

270.35

1,88S&0 (400.90)

(400.90)

18.92

7.39

26.31

(427.21)

1.25

(0.32)

0.93

(426.28}

(1.41)

(1.41)

2.00

G,€I07.SI 2,920.91

1,108.C2

1,890&1

243.1S

79.01

1,247.50

7,49tE2O

, ,($ 4BZ›69) t1,179S1) (2,66Z.OO)

100

(0.69) '?d1

.:{g,6&RH)

34.77

(9.04)

ZS.73

. {Z,64 $8)

6g 30

4t7t9AO

(4:90)

(8.7B) 2.00

6 6 S. ›

3,265.1'›

1,5fi8.1':

2,3. 7.1'›

2(i8.1i'

1 i 2.1 fl

1,11 4.7'›

8,6

(1,960. .)

(1 960 7_

I.7.5"'

7.3*i

2!5.Gfi (1,985. 1

i›7.S(I ( I 4.9fi I

t2.Sii (1,9t3.2•. 608.,30

7,362. 7tl

2.fi II

MAXUGRAPH INDIA LIMITED

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.

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Notes:

1. The above audited financial results have been reviewed and recommended for adoption and taken on record by the A a‹1it Committee at its meeting held on May 29, 2025 and approved by the Board of Directors at its meeting held on Flay 29, 2025. The statutory auditors have carried out audit of the same.

2. The statement includes the results for the quarter ended March 31, 2025 and March 31, 2024 which are the balan.ring figures between audited figures in respect of financial year ended March 31, 2025 and March 31, 2024 respectively and the unaudited published year to date figures up to the nine months ended December 31, 2024 and December 31, 20:l3 respectively which were subjected to limited review.

3. The financial statements are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2 i!5 and the Companies (Indian Accounting Standards) Amendments Rules, 2016 and is in compliance with the presentation and disclosure requirements of Regulation 33 of Securities and Exchange Board of India (Listing Obligaticiris and Disclosure Requirements) Regulation, 2015 (as amended).

4. Exceptional item represents:

   The Company has signed consent terms with the Manugraph Employees Union on 20.09.2024 for retirement of w‹:i kin‹:-n as per the Scheme. The liability under the consent terms for the quarter ended 31.12.2024 is Rs. 10.28 lakhs and ct:aa i ter ended 31.03.2025 is Rs. 23.20 lakhs aggregating to Rs. 1179.31 lakhs for the year ended 31.03.2025 to be paid be:oi e June 2025 or such extended period as may be agreed between the Parties.

5. The Company has classified land, factory building, electrical installation and fixtures of Unit 2, Kolhapur as Non t.ur ent Asset held for sale in accordance with the provisions of Ind AS 105 - Non-current Assets Held for sale and Discontinui:d Operations (Ind AS 105).

6. The Company has only one reportable primary business segment i.e. Engineering as per Ind AS 100 "0p Grating Segments".

7. Previous period figures have been re-grouped / re-arranged / reclassified wherever necessary to make them comp.oral ie with those of the current period. The financial statements were drawn up in Rupees, which are rounded to the nearest Lakh. Adding the individual figures may therefore not always tally with the total figure.

On behalf of the Board

For Manugraph India Limited ,. q typ

Place: Date :

Mumbai

May 29, 2025

nja S.Shah !q

Chairman & Managing Direct-or .

Signed for

IdentlBcation

MANUGRAPH Ii¥DlA LIMITED

Regd. Office: Sidhwa House, N.A. Sawant Marg, Colaba, Mumbai 400 005 CIN: L29290MH1972PLC015772; Tel No. 022-35121178-80 / 82;

Email: [email protected]; Website: https://www.manugraph.com

EXTRACTS OF FINAiYCIAL RESULTS FOR THE QUARTER / YEAR ENDED MARCH 31, 2025

(Rs in lakhs

(In terms of 47(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)

iiotes:

The above is an extract of the detailed format of the Financial Results for the Quarter and Year ended March 31, 2025 filed with the Stock Exchanges under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulahons, 2015. The full format of the Financial Results for the Quarter and Year ended March 31, 2025 is available on the Stock Exchange websites (https://www.bseindia.com / https://www.nseindia.com) and the Company's website viz. https://www.manugraph.com.

On behalf of the Board For Manugraph India Limited

Place : Mumbai Dated : May 29, 2025

y S. Shah

C a anaging Director