Interim report
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JESWANI & RATHORE CHARTERED ACCOUNTANTS 408/C, NIRANJAN, 99, MARINE DRIVE, MUMBAI-400 002 TEL NO: +91 22 22816968/22834451/40066968 Email: jeswanirathore@gmail.com Limited Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of “Flair Writing Industries Limited” Review Report, To The Board of Directors, Flair Writing Industries Limited . We have reviewed the accompanying statement of unaudited standalone financial results of Flair Writing Industries Limited (“the Company”) for the quarter and half year ended September 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) Regulafions, 2015, as amended (“the Listing Regulations"). . This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, “Interim Financial Reporting” (“Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India ond in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Inferim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, 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 Standards on Auditing specified under section 143(10) of the Companies Act, 2013 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. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind AS') specified under section 133 of the Companies Act, 2013 os amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be
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disclosed in ferms of Regulation 33 of the Listing Regulations, including the manner in which it is fo be disclosed, or that it contains any material misstatement. For Jeswani & Rathore Chartered Accountants (FRN: 104202W) Dhiren K. Rathore (Partner) M. No: 115126 UDIN: 25115126BMOXYR9218 Place: Mumbai Date: November 06, 2025
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FLAIR WRITING INDUSTRIES LIMITED Flair House, Plot No. A/64, Cross Road-A Marol Ind. Area, MIDC, Andheri (East), Mumbai-400 093 CIN - L51100MH2016PLC284727 Unavdited Standalone Financial Results for the quarter and half year ended September 30, 2025 lakhs except earnings per share) akhs excent ec o U arter Ended (U e Sep INCOME ¥ & 1 [Revenue from Operations 2630448| 202201| 24189.37| 5054645| 4636974| 9aI a4 2 [Otherincome 136348) 79659| ssals| 2.16507) 147591 350106 Total Income (A) [27.692.92 | 25018.60 | 75041.53 | 52.711.52 | 48,045.65| 9643250 3 [expenses (a) Cost of Material Consumed 14,642.42 12,027.86 13,837.23| 26,670.28| 2462521 49,283.58 (b) Purchases of Stock-n-Trade a0s0| 2030 onsa| smes0| a19es 899.63 (c) Changes in Inventories of Fiished Goods, Workin-Progress and Stockin-Trade | (1649.94) | 385.45| (2209.60)| (1.26e.49)| [158339)| (1421.23) (d) Employee Benelits Expense 454098| 40801 3977.48| se3s9| 7081| 1s3015 (e Finance Costs 99.35 8388 9848| 18323 21292 363.63 (1) Depreciation and Amoriisaiion Expense se6ss| se2s7| 78170\ 172943| 154673 samiua (o) Other Expenses 414615 369996| a0ess| 7saent| 750777| 1559958 Tofal Expenses (8) [23,003.12 | 2137333 | 2076548 | 4437645 | 4029939 | 8334648 4689.80| 364527 | 4,27607| 833507| 774627| 15086.02 4 |Prolfit for the period/year before fax 5 |Tax Expense (o) Current Tax 106223 97615| 1nes2| 203638| 207308 387181 (b) Deferred Tox Expenses/(Credif) (16.99) (430 (@560 (6129)] (86.61) 816 (c) Short/[Excess) Provision of fox relating to eariier years (1.95) - (3.86) 11.95 (3.86) (3.22) Total Tax Expenses (0) T04328| 93186 | 1.079.46] 1,975.14 | 1.982.81 3874.75 364651| 271342 | 3196.61| 6359.93| 576346 11.211.27 & |Profitfor the period/year after fax 7 |Other Comprehensive Income liems that will not be reclassified fo Statement Of Profit Or Loss (o) Remeasurement (losses) on Defined Benefit Plan (43.62) (4577) (35.55) (89.40) (19.52) (3.83) (b) Income Tox effect on the above 10.98 1152 895 2250 491 096 Total Other Comprehensive Incomey/(Loss) for the period/year (Net of Tax) () (32.64) (3425) (2661)] (6650)] (14.61) (2.87) 8 |Total Comprehensive Income for the period/year (G=E+F) | _3,61387| 267917 | 317000| 629304| 5749.05| 1120841 9 |Paid up equity share capital (face value of € 5/- each) 526977 | 526977| 526977 526977 5269.77 526977 10 [Other Equity 94,855.71 11 |Earnings Per Equity Share of face value of ¥ 5/- each (not annualised for the quarter) Bosic(in ?) 346 257 303 603 547 10.64 Diluted {in ?) 346 257 303 603 547 1064 JESWANI & RATHORE hartered Accountants For Identification Purpose
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FLAIR WRITING INDUSTRIES LIMITED Flair House, Plot No. A/64, Cross Road-A Marol Ind. Area, MIDC, Andheri (East), Mumbai-400 093 CIN - L51100MH2016PLC284727 Unaudited Standalone Assets and Liabilities as at September 30, 2025 ASSETS Non-Current Assets a) |Property. Plant and Equipment 2712472 2721811 b) [Capital Work in Progress 325919 120037 c) |Intangible Assets 12492 1392.06 d) |Right-of-Use Assets 1,848.39 2,061.82 &) |Financial Assets i) Investments 362,00 362.00 i) Loans 27,273.31 22,437.01 i) Other Financial Assets 355.54 667.02 f) [Current Tax Assets (Nef) 822 822 g) |Other Non-Current Assets 135222 123974 Total Non-Current Assets 61,708.51 55,333.35 Current Assets o) |inventories 24,363.18 22,090.68 b) |Financial Assets ) Investment 310270 i) Trade Receivables 21,559.64 5375.85 i) Cash and Cash Equivalents iv) Bank Balance ofher than (i) above V) Loans vi) Other Financial Assets c) |other Current Assets Total Current Assels Tolul Assets EQUITY AND LIABILITIES Equity c) |Equity Share Capital 5,269.77 5.269.77 b) |Other Equity 1.00,094.79 94,855.71 Total Equity 1,05,364.56 1,00,125.47 Liabilities Non-Current Liabiliies a) |Financial Liabilities i) Borowings 1,167.09 1.584.32 i) Lease Liabilities 1,478.75 1,696.17 i) Other Financial Liabilities 7.34 7.34 b) [Provisions 1,226.01 1,061.52 ) |Defered Tax Liobiliies (Nef) 777.03 86082 d) |Other Non-Current Liabilities 11.08 13.82 Total Non-Current Liabiliies 4,667.31 5,223.99 Current Liabilities @) |financial Licbilifies i) Borrowings 4872 72.75 i) Lease Liabilies 549.75 523.74 i) Trade Payables Total Ouistanding Dues of Micro and Small Enterprises; 227024 171683 Tofal Outstanding Dues of Credifors other than Micro and Small Enterprises 4294.58 2,849.57 iv) Other Financial Liobilties 3556405 239092 b) [Provisions 136376 1,073.54 ) |other Current Liabilifies 1,085.11 127425 d) |Curent Tax Liabilities (Net) 284.25 340.70 Total Current Liabilifies 13,458.47 10,242.29 Total Liabilities 18,125.77 15,466.28 Total Equity and Liabllities — 172343033 = 1.15591.76 | JESWANI & RATHORE For Identification Purpose
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FLAIR WRITING INDUSTRIES LIMITED Flair House, Plot No. A/64, Cross Road-A Marol Ind. Area, MIDC, Andheri (East), Mumbai-400 093 CIN - L51100MH2016PLC284727 Unaudited Standalone Cash Flow Statement for the half year ended September 30, 2025 (Zin lakhs) iic z 5 5 " As of Sep 30,2025 | As af Sep 30,2024 | e S _ (Unaudited) | (Unaudited) | Cash Flow From Operating Activities Profit before fax 833507 7.74627 Adjustments for: Depreciation and amortisafion Expenses 1729.43 154673 Finance Costs 183.23 21292 Allowances for Expected Credit Loss on Trade Receivables 2721 442 Premium/(Discount) on Forward Confract (0.81) 025 Rent Income (74.10) (66.30) Foreign Exchange Floctuation (127.52) (40.17) Sundry Balance written back (1.99) 113 Government Grant Income (2.91) (3.7} Interest Income (1.241.83) (1.386.07) Gain on Sale of Mutual Funds (170.43) (4.38) {Profif)/Loss on Sales of Property, Plant and Equipment (192.11) - Operating Profit before change in working capital 846325 8,011.62 Movements in working capital: (Increase) in Inventories (2.272.50) (2.547.77) (Increase) in Trade Receivables (414.63) (2.163.41) Decrease/(Increose) in Loans (14.11) 459 {Increase) in Financial and Ofher Assets (515.71) (768.95) Increase in Trade Payables 2,000.42 314.69 Increase in Provisions 454.71 418.62 {Decrease)/Increase in Financial and Other Liabilities 895.58 (449.04) Cash Generated From /(Used In) Operations 8,597.00 2,820.36 Income Toxes Paid (Nef) (2.092.88) (1.514.55) Net Cash Generated From / (Used In) Operating Activities (a) 6,504.13 1.305.81 B |Cash Flows From Investing Activifies Rent Income 7410 6630 Purchase of Property, Plant and Equipment and Infangible Asset (3.496.71) (2.820.43) Sales of Property, Plant and Equipment 295.50 - Investment in unifs of Mutual Funds (10,900.00) (1,425.00) Redemption of Mutual Funds Investment 5.749.05 1,429.38 Loon given to subsidiaries (4.823.66) (2713.19) Decrease In Bank Deposits And Other Bank Balances 5583.03 16,657.21 Interest received 124183 1,386.07 Net Cash Generaled From / (Used In) Investing Activiies (8) (6,276.85) 12,580.34 C |Cash Flow From Financing Activities Repayment of Bomowings (443.27) (2.250.47) Finance Costs Paid (87.12) (124.32) Dividend Paid (1.053.95) - Repayment of Principal Porfion of Lease Liabilities (361.49) (302.47) Net Cash Generated From / (Used In) Financing Activifies (© (1.945.83) (2,677.26) D |Netincrease/(Decrease) in Cash and Cash Equivalents (A+B+C) (1,718.55) 11,208.90 Cash and Cash Equivalents at the Beginning of the period 537585 519458 Cash And Cash Equivalents at the End of the period 3,657.30 16,403.48 JESWANI & RATHORE r Accountants For Identification Purpose
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Notes to the Standalone Financial Results 1. The above unaudited Standalone Financial Results of the Flair Writing Industries Limited (“the Company”) have been prepared in accordance and comply with all material aspects with the Indian Accounting Standards (Ind AS| nofified under Section 133 of the Companies Act, 2013 [“he Act”), read wilh relevant rules thereunder and other generally accepted accounting practices in India and in terms of fhe Regulafion 33 of the Securifies and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations 2015 (Lisiing Regulation), as amended. 2. The above unaudited Standalone Financial Results have been reviewed and recommended by the Audit Committee and approved by The Board of Directors at their respective meetings held on November 06, 2025 and faken them on record. The Statutory auditors of the Company have caried out limited review of these Unaudited Standalone Financial Results for the quarter and Half year ended September 30, 2025 and have issued an unmodified report on these results. 3. The unaudited Standalone Financial Results for the quarter ended September 30, 2025 are available on the Company's website at www flairworld.in and also on the website of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com, where the shares of the Company are listed. 4. During the year ended March 31, 2024: The Company has completed an Initial Public Offer(*IPO") of 1.95,06,578 equity shares of face value of 2 5 at an issue price of ¥ 304 per equily shares, comprising of fresh issue of 96,05,263 equity shares. ¥ 27,303.72 lakhs have been received in Escrow account (net off estimated offer expenses % 1,896.28 lakhs) from proceeds of fresh issue of equity shares. Full amount of % 27,303.72 lakhs have been transfered 1o the Company's account. Further, the fund raised from Offer for Sale were remitied to the seling shareholders (net off estimated offer expenses bome/to be bome by the seling shareholders]. The uisation of the net proceeds is summarised as below: (2 in lakhs) Esfimated Utiised | Unufilised as st viilization upto on No. jlem Head fromthe | September | September proceeds 30, 2025 30, 2025 1. | setting up new Vaisad unit ) oalEgs 2732.35 2. | Funding capital expenditure of the Company and if's Subsidiary, Flair Writing Equipments Private Limited 8,674.80 8,674.80 - 3. | Funding working capital requirements of the Company and it's Subsidiaries, Flair Writing Equipments Private Limited and Flair CY@Si@@gsffie} Private Limited 7,700.00 7.700.00 - 3 4 4. | Repaymeni/pre-payment, in parl or ful, of cerfain borowings availed by the Company and Subsidiaries, Fiair wiiing Equipments Private Limited and Fiair Cyrosil Industries Private Limited 4,300.00 4,300.00 ) 5. | General corporate purposes 1029.62 1029.62 v Total 27,303.72 24571.37 2732.35 Out of net proceeds which were unutilised as ai Seplember 30, 2025 ¥ 2732.35lakhs are femporarily invested in Fixed Deposit 5. The Company is primarily engaged in manufacturing of writing instruments, stationeries and other allied(s). Accordingly, the Company has only one reportable segment “Writing Instruments & other alliedi(s)" as per Ind AS - 108~ “Operafing Segment". 6. The Figures for the previous financial period/year have been regrouped and reclassified wherever necessary. For and on behalf of Board of Directors of imalchand Jugraj Rathi JESWANI & RATHORE & Managing Director IV13, C ed Accountants (DIN: 00123007) f Place: Mumbai Date: November 06, 2025 For Identification Purpose
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JESWANI & RATHORE CHARTERED ACCOUNTANTS 408/C, NIRANJAN, 99, MARINE DRIVE, MUMBAI-400 002 TEL NO: +91 22 22816968/22834451/40066968 Email: jeswanirathore@gmail.com Limited Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of “Flair Writing Industries Limited” Review Report To The Board of Directors Flair Writing Industries Limited We have reviewed the accompanying statement of unaudited Consolidated financial results of Flair Writing Industries Limited (“the Parent Company”) and its subsidiaries (the Parent Company and its Subsidiaries together referred to as “the Group”) for the quarter and half year ended September 30, 2025 (“the Statement') attached herewith, being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Obligations”). This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, “Interim Financial Reporting” (“Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement 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 Institute of Chartered Accountants of India (ICAl). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Parent 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 Standards on Auditing specified under section 143(10) of the Companies Act, 2013 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.
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The Statement includes results of the following entfities: Name of the Company Relationship Flair Writing Industries Limited Parent Company Flair Writing Equipments Private Limited Subsidiary Company Flair Cyrosil Industries Private Limited Subsidiary Company Monterosa Stationery Private Limited Subsidiary Company Flomaxe Stationery Private Limited Step down Subsidiary Company Based on our review conducted as stated in paragraph 3 above, nothing has come fo our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind AS') specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required fo be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Jeswani & Rathore Chartered Accountants (FRN: 104202W) e Dhiren K. Rathore (Partner) M. No: 115126 UDIN: 25115126BMOXYS1537 Place: Mumbai Date: November 06, 2025
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FLAIR WRITING INDUSTRIES LIMITED Flair House, Plot No. A/64, Cross Road-A Marol Ind. Area, MIDC, Andheri (East), Mumbai-400 093 CIN - L51100MH2016PLC284727 Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2025 2 in lakhs except earings per share) e s o] ARS Soarier Ended (Une [y r s ep 30, e P 20251 ch 31 INCOME 1 |Revenue from Operations 32091.32 | 28.854.46 ( 27.013.15 60,945.78 51,726.75 1,07.98603 2 |Other Income 85291 327.57 510.05 1.180.48 1.004.67 2,459.74 Total Income (0] 32,944.23 | 29,182.03| 27,523.20 62.126.26 52,731.42 1,10,445.78 3 |EXPENSES (a) Cost of Material Consumed 17.919.63| 14,198.33( 1505092 32.117.96 2705792 5587284 [b) Purchases of Stock-in-Trade 48242 486.58 211.54 949.00 419.65 1.433.69 [c) Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade (296823)| (230.15)| (2523.47)| (319838 (2317.18) (4,090.53) [d) Employee Bensfits Expense 5629.34| 5037.68 4231.52 10,667.02 806127 17.171.94 (e) Finance Costs 147.94 12485 13707 272.78 283.33 52609 [f) Depreciation and Amertisation Expense 131570 | 127436 1.061.73 259006 2073.58 447361 (o) Other Expenses 4992.49| 442820| 498070| 9uame9| o2m994| 192385 Total Expenses O] 27,519.29 | 25299.84| 23,149.92 52,819.12 44,818.50 94,511.49 4 |Profit for the period/year before lax (C=A-B) 542495 | 3.882.19| 437328 9.307.14 7.912.92 15,934.29 5 |Tax Expense {a} Current Tax 117864 102320| 1,156.76 220184 218273 4,070.40 {b) Deferred Tax Expenses/(Credit) (2368)| (3622) (5642) (59.90) (163.57) (41.73) {c) Short/(Excess) Provision of fox relating to earlier years (292) = (3.84) (292) (3.86) (281) Total Tax Expense. ()] 1,152.04 984.98| 1,096.48 2,139.02 2,015.30 402588 & |Profitfor the period/year atter tax (e=C-D) 4272.90 | 2.895.21| 3276.81 7.168.12 5.897.62 11,908.43 7 |Other Comprehensive Income. iems fhat wil not be reclassiied fo Statement Of Profit Or Loss (a) Remeasurement flosses) on Defined Benefit Plan (a01)| 731|555 19132) (19.52) 1383) (5) Income Tax sffect on the above nos| e 895 283 491 056 Total Other Comprehensive Income/(Loss) for the period/year (Net of Tax) (F) G296)] _(35.53)]__(26.61) (68.49) (14.61) @87 8 [Total Comprehensive Income for the period/year (G=E+F) 4239.94 | 2859.69| 326020 709963 588301 11,9056 5 |Profit atiibulable fo: Equity holders of fhe parent 425868 286448 389 7a2304 593823 1195759 Non Controliing Inferest 1425|3073 (1220 4498 (4061} 147.09) 10 |Other Comprehensive Income;/(Loss) attibulabie o Equity holders of fhe parent [2296)| (35531 (260 (e8.49) (1461} (287) [Non Controliing Inferest : 11 [Total Comprehensive Income aftributable to: Equity hoiders of the parent 422565 282896 326240 705465 592362 1195444 INon Controlling Inferest 2| 73| (220 4458 (@0.61 (#2.09) 12 {Paid up equity share capital (face value of ¥ 5/- each) 526077 526977| s26977| s26977| 526977 526977 13 |Other Equity 96.576.60 14 |Eamings Per Equity Share of face value of € 5/- each (not annudlised for the quarter) Basic (In?) 404 272 an 676 563 nas Divted (in?) 404 272 312 676 563 nas JESWANI & RATHORE artered Accountants === For Identification Purpose
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) b} <l d) e f) 9l h) a) o) < o) b} a) o) <) <) a) b) <) d FLAIR WRITING INDUSTRIES LIMITED Flair House, Plot No. A/é4, Cross Road-A Marol Ind. Area, MIDC, Andheri (East), Mumbai-400 093 CIN - L51100MH2016PLC284727 Unaudited Consolidated Assets and Liabilities as at September 30, 2025 2 in lakhs) it ASSETS Non-Current Assets Property, Plant and Equipment 41,283.10 39,552.00 Capital Work in Progress 4,579.53 229768 Infangible Assets 126.00 140.21 Right-of-Use Assefs 2,829.13 2.989.07 Gooawill 3602 36.02 Financial Assets i) Loans 2236 1.53 i) Other Financial Assets 92471 1,199.63 Current Tax Assets (Net] 9.21 9.21 Other Non-Current Assefs 2.235.10 1,831.03 Total Non-Current Assefs 51,995.16 48,056.37 Current Assets Inventories 33,500.70 28.705.74 Financial Assets i) Invesiment 8,424.08 310270 i) Trode Receivables 27.983.43 25,892.12 i) Cash and Cash Equivalents 3,679.50 5662.33 iv) Bank Balance other than (i) above 179.42 575684 ) Loans 39.79 3526 Vi) Other Financial Assets 80695 582.74 Other Current Assets 4,418.45 4019.16 Total Current Assets 79,032.31 73,756.90 Total Assets EQUITY AND LIABILITIES Equity Equity Share Copital Other Equity Equity atfributed fo equity holders of the parent Non Confrolling Inferest Total Equity Liabilfies Non-Current Liabilities Financial Liabilfies i) Bomowings i) Lease Liabilties i) Other Financiol Liabilties Provisions Deferred Tox Liabilities (Net) Other Non-Current Libilfies Total Non-Current Liabilities Current Liabilies Financial Libilties i) Borrowings i) Lease Liabilies ii) Trade Payables Total Outstanding Dues of Micro and Small Enterprises: Total Outstanding Dues of Creditors ofher than Micro and small Enterprises iv) Other Financial Libilfies Provisions Other Current Liabilifies Current Tax Liabilties (Net) Total Current Liabilfies Total Liabiliies Total Equity and Liabillies 5.269.77 5.269.77 1.02,579.30 96.578.60 1,07,849.07 1,01,848.37 (19.13), (64.11) 1,07,829.93 1,01,784.26 1.875.34 2,120.75 226335 2,452.50 7.34 7.34 1.279.88 1,101.03 663.52 746.25 11.08 13.82 610051 6.442.09 926.90 844,09 826.64 765.14 293304 2.381.96 4,486.48 3011.26 4,495.25 3,339.72 1,657.05 1,272.35 1,628.64 34377 13,586.92 20,029.01 JESWANI & RATHORE Chargered Accountants For Identification Purpose
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FLAIR WRITING INDUSTRIES LIMITED Flair House, Plot No. A/64, Cross Road-A Marol Ind. Area, MIDC, Andheri (East), Mumbai-400 093 CIN - L5T100MH2016PLC284727 Unauditted Consolidated Statement of Cash Flows for the half year ended September 30, 2025 (2in lakhs) A5 of Sep 30, 20: {(Unaudited) “Asal Sep 30,2025 (Unaudited om Operating Activifies Cash Flows Fr Profit before tax 9.307.14 791292 Adjustments for: Deprecition and amortization Expenses 259006 2,073.58 Finance Costs 272.78 263.33 Allowances for Expected Credit Loss on Trade Receivables 30.08 4.42 Premium/(Discount} on Forward Confract (081) 025 Renf Income (7230) (136.35) Foreign Exchange Flactuation (127.35) (4198) sundry Balance witten back (353) 090 Government Grant Income (291)] (317)] Interest Income (247.37) (755.04) Gain on Temination of Lease contract (531) - Gain on Sale of Mutual Funds (17043) (4.38) (Profit)/Loss on Sales of Property, Plant and Equipment (193.25) - Operating Profit before change in working capital 11,37681 9,334.48 [Movements in working capital: (increcse) in Inventories (4.79496) (3.702.26) (increcse) in Trace Receivables (1.99403) (2.479.75) Decrecse/(increase) in Loans (25.36) 464 (increase) in Financiol and Other Assets (752.65) (868.69)| (Decrease)/Increase in Trade Payobles 2.009.82 (1431) Increase in Provisions 56356 49194 (Decrease)/Increase in Financicl and Other Licbilifies 87894 (52471) Cash Generated From /(Used In) Operations 726212 224133 income Taxes Paid (Net) (2,193.39) (1.610.50) Net Cash Generated From / (Used In) Operating Activities (A) 5.088.73 630.84 B |Cash Flows From Invesfing Activifies Rent Income. 72.30 136.35 Purchase of Property, Plant and Equipment and Infangible Asset (6.23891) (4,300.35) Sales of Property. Plant and Equipment 317.99 - Invesment in units of Mutuol Funds (1000.00) (1,425.00) Redemption of Mutual Funds Investment 5749.05 1,429.38 Decrease In Bank Deposits And Other Bank Balonces 5577.42 16,657.21 Interest received 24737 755.04 Net Cash Generated From / (Used In) Investing Activities (8 (5,174.79) 13,252.63 € |Cash Flow From Financing Activities Repayment of Borowings (16261) (2.087.34) finance Costs Poid (130.60) (152.48) Dividend Peid (105395 - Repayment of Principal Porfion of Lease Liabilifies (529.62) (432.68) Net Cash Generated From / (Used In) Financing Acti ) (1.876.78) (2,672.49) D Net Increase in Cash and Cash Equivalents (A+B+C) (1,982.83) 11,210.99 [Cash and Cash Equivalents at the Beginning of the Year/period 5.662.33 5,199.29 [Cash And Cash Equivalents at the End of the Year/period 3,879.50 16,410.27 JESWANI & RATHORE Chartgred Accountants For Identification Purpose
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Notes to the Consolidated Financial Results 1. The above unaudited Consolidated Financial Results of the Flair Writing Industries Limited (“the Group") have been prepared in accordance and comply with all material aspects with the Indian Accounting Standards (Ind AS) nofified under Section 133 of the Companies Act, 2013 (“the Act”), read with relevant rules thereunder and other generally accepied accounting practices in India and in ferms of the Regulation 33 of the Securities and Exchange Board of India (SEBI) (Lising Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulation), as amended. 2. The above unaudited Consolidated Financial Results have been reviewed and recommended by the Audit Committee and approved by The Board of Directors at their respective meetings held on November 06, 2025 and faken them on record. The Statutory auditors of the Company have carried out limited review of these Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2025 and have issued an unmodified report on these results. 3. The unaudited Consolidated Financial Results for the quarter ended September 30, 2025 are available on the Company’s website at www flairworld.in and also on the website of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.. .com, where the shares of the Company are listed. 4. During the year ended March 31, 2024: The Company has completed an Initial Public Offer(“IPO") of 1,95,06,578 equity shares of face value of 5 at an issue price of ¥ 304 per equily shares, comprising of fresh issue of 96,05,263 equity shares. ¥ 27,303.72 lakhs have been received in Escrow account (net off estimated offer expenses T 1,896.28 lakhs) from proceeds of fresh issue of equity shares. Full amount of Z 27,303.72 lakhs have been fransfered fo the Company's account. Further, the fund raised from Offer for Sale were remitted to the seling shareholders (net off estimated offer expenses borne/fo be bore by the seling shareholders). The utilisation of the net proceeds is summarised as below: (% in lakhs) Estimated Utilised Unutilised as Sr. utilization upto on No. temjeag fromthe | September | September proceeds 30, 2025 30, 2025 1 Setting up new Valsad unit 5,599.30 2866.95 2732.35 2. | Funding capital expendilure of the Company and it's Subsidiary, Flair Writing Equipments Private Limited 8,674.80 8,674.80 & 3. | Funding working capital requirements of the Company and it's Subsidiaries, Flair Writing Equipments Private Limited and Flair Cyrosil Industries Private Limited 7.700.00 7.700.00 » 4. | Repayment/pre-payment, in part or ful, of cerlain borrowings availed by the Company and Subsidiaries, Flair Writing Equipments Private Limited and Flair Industries Private Limited 4,300.00 4,300.00 - 5. | General corporate purposes 1,029.62 1,029.62 . Total 27,303.72 24571.37 2732.35 Out of net proceeds which were unutilised as at September 30, 2025 ¥ 2732.35lakhs are temporarily invested in Fixed Deposi. 5. The Group is primarly engaged in manufactuing of wiifing instuments, stafioneries and ofher alied(s). Accordingly, the Group has only one reportable segment “Wiiting Insiruments & other alliedi(s)" as per Ind AS — 108 - “Operafing Segment”. 6. The Figures for the previous financial period/year have been regrouped and reclassified wherever necessary. For and on behalf of Board of, Vimalchand Jugraj Rath Managing Director \,w,_/ (DIN: 00123007) Place: Mumbai Date: November 06, 2025 SWANI & RATHORE Charteged Accountants For Identification Purpose