Reply to Clarification- Financial results

Date: 05.08.2025 The Secretary NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED Listing Department P J Towers Exchange Plaza, 5th Floor, Dalal Street, Fort, Bandra-kurla Complex, Mumbai 400 001 Bandra (East), Mumbai – 400 051. Company Code No.: 530699 Company Code: RAJRILTD Dear Sir, Ref.: Regulation 30 & 33 of SEBI (Listing Obligation and Disclosure Requirements), Regulation, 2015 Sub.: Outcome of Board meeting held on Tuesday, 5th August, 2025 We wish to inform you that, the Board of Directors of the Company, at its meeting held today Tuesday, 5th August, 2025 has inter- alia considered, approved and taken on record: 1. The Un-audited Financial Results of the Company for the first quarter ended June 30, 2025 2. Limited Review Report on the said results received from the Statutory Auditors of the Company. 3. Adopted corporate social responsibility policy and authorised Board to implement the same as per requisite regulations. Extract of Unaudited financial results would also be published in one English and one vernacular newspaper as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Board Meeting commenced at 12.00 noon and concluded at 1.40 p.m. Kindly take the above information on your record and acknowledge. Thanking you, Yours faithfully, For RAJ RAYON INDUSTRIES LIMITED RAJKUMAR SATYANARAYAN AGARWAL MANAGING DIRECTOR DIN: 00395370 Encl.: A/a BAGARIA & CO LLP 701, Stanford, +91 t22) 62s0s600 Junction of S. V. Road & bagariaco.com Barfiwala Marg, Andheri (W) Chartered Accountants Mumbai 400058, INDIA LIMITED REVIEW REPORT To the Board of Directors Raj Rayon lndustries Limited 1. We have reviewed the accompanying statement of unaudited financial results of Raj Rayon lndustries Limited ("the Company") for the quarter ended June 30, 2025 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing, Obligations and Disclosure requirements) Regulations, 2A15 ('Listing regulations'). The statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34 "lnterim Financial Reporting" ("lnd AS 34") prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in lndia. Our responsibility is to issue a report on this financial Statement based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of lnterim Financial lnformation Performed by the lndependentAuditorof the Entity" issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whetherthe financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Basis for qualified conclusion: We draw attention to the facl that the Management is in the process to obtain details of three inoperative bank accounts which are continuing in the name of the Company from prior to the Corporate lnsolvency Resolution Process when the cunent management was not in charge of the affairs of the Company. Accordingly, we are unable to comment on the impact, if any, on the financial statement arising out of the subsequent availability of such pending bank statements. The matter stated above were also subject matter of qualification in our review conclusion on the audited financial statements for the quarter and year ended ltlarch 31,2A25. lified Conclusion Except for the possible effect of the matter specified under "Basis for Qualified Conclusion" and based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable lndian Accounting Standards (lND AS) and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with circular issued from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatement. Other Matter: The figures for the 3 months ended March 31,2A25 as reported in these financials results are the balancing figures between the audited figures in respect of the full previous financial year and the year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of the previous financial year had only been reviewed and not subjected to audit. Our conclusion is not modified in respect of the above matter. For Bagaria & Co. LLP Chartered Accountants (Firm Registration No. 1 7WW-10001e) \,,lto UMBAI Mohak Partner Membership No. 159883 U Dl N: 251 59883BMlTFl48 Place: Mumbai Date: August 05, 2025 RAJ RAYON INDUSTRIES LIMITED UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025 Registered office: Survey No. 177/1/3, Village - Surangi, Dist - Silvassa, Dadra & Nagar Haveli (UT) - 396 230. Tel: 91-22-40343434, Fax: 91-22-40343400, email: investors@rajrayon.com, website: www.rajrayon.com CIN No. L17120DN1993PLC000368 Quarter ended Year Ended 30th June, 2025 31st March, 2025 30th June, 2024 31st March, 2025 Particulars (Audited) (Unaudited)(cid:10) (Unaudited)(cid:10) (Audited) (Refer Note-4) 1 INCOME (a) Revenue from operations 2 6,019.21 20,584.51 2 0,222.39 84,937.94 (b) Other income 20.75 2 61.17 93.79 475.18 TOTAL INCOME 26,039.96 20,845.68 20,316.18 85,413.12 2 EXPENSES (a) Cost of materials consumed 2 2,341.86 17,757.46 1 6,146.56 68,260.83 (b) Changes in inventories of finished goods ( 1,923.18) (1,630.12) 713.38 986.19 (c) Employee benefits expense 347.27 3 43.50 275.41 1,199.55 (d) Finance costs 399.91 2 66.05 368.34 1,358.02 (e) Depreciation and amortisation expense 410.51 3 12.25 306.95 1,244.01 (f) Other expenses 3,719.47 3 ,050.61 2,756.16 11,538.17 TOTAL EXPENSES 25,295.84 20,099.75 20,566.80 84,586.77 3 PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (1-2) 744.12 745.93 (250.62) 826.35 4 Exceptional Items - - - - 5 PROFIT BEFORE TAX (3-4) 744.12 745.93 (250.62) 826.35 6 TAX EXPENSE Current Tax - - - - Deferred Tax (136.85) 5 98.42 (97.18) 554.26 TOTAL TAX EXPENSE (136.85) 598.42 ( 97.18) 554.26 7 PROFIT AFTER TAX (5-6) 607.27 1,344.35 (347.80) 1,380.61 8 Other Comprehensive Income Items that will not be reclassified to profit or loss Re-Measurement Gain / (Loss) on Defined Benefit Plans 4.39 16.27 0.43 17.57 Income Tax Effect on Above (1.11) ( 4.10) (0.11) (4.42) 9 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (7+8) 610.55 1,356.52 (347.48) 1,393.76 10 Paid-up Equity Share Capital (Face Value of Re. 1/- each) 5 ,560.82 5,560.82 5 ,560.82 5,560.82 11 Other Equity 4,186.27 12 Earning Per Equity Share (Face Value of Re. 1/- each) (not annualised) (not annualised) (not annualised) (annualised) Basic (in `) 0.11 0.24 (0.06) 0 .25 Diluted (in `) 0.08 0.17 (0.04) 0 .17 See accompanying notes to the financial results Notes to the Un-Audited Financial Results for the quarter ended June 30, 2025 1 TheabovefinancialresultsforthequarterendedJune30,2025havebeenreviewedbytheAuditCommitteeandapprovedbytheBoardof Directors at its meeting held on August 05, 2025 and have been subjected to review by the Statutory Auditors of the Company. 2 TheManagementhassentletterswithBoardResolutionstothein-operativebankaccountswhicharecontinuinginthenameoftheCompany frompriortotheCorporateInsolvencyResolutionProcesswhenthecurrentmanagementwasnotinchargeoftheaffairsoftheCompany for closure and awaits response from these [Showing first 8,000 characters — download PDF for full document]