Spinaroo Commercial Limited , a company listed on the BSE (Scrip Code: 544392), has announced its unaudited standalone financial results for the half-year ended September 30, 2025. The company's Board of Directors approved these results at a meeting held on November 11, 2025.

Financial Highlights

• Revenue: The company reported revenue from operations of Rs 1,916.95 crore for the half-year period.
• Profit: Spinaroo Commercial Limited posted a profit of Rs 42.55 crore.
• Earnings Per Share (EPS): The basic and diluted EPS stood at Rs 0.88.

Balance Sheet Changes

Comparing the unaudited figures as of September 30, 2025, with the audited figures from March 31, 2025, several key changes in the company's balance sheet are notable:

All figures in Rs crore

Other Key Points

1. Short-term Borrowings: There was a slight decrease in short-term borrowings from Rs 707.65 crore to Rs 666.41 crore.
2. Trade Receivables: The company saw a significant increase in trade receivables, rising from Rs 384.28 crore to Rs 615.96 crore.
3. Auditor's Review: The financial results were reviewed by statutory auditors R.K. Banka & Co., who issued a limited review report with no material concerns noted.

Balance Sheet Analysis

The company's balance sheet shows significant changes over the six-month period:

• Share Capital: Increased by 39.88%, suggesting a possible issuance of new shares.
• Reserves and Surplus: Grew substantially by 295.40%, which could be due to retained earnings or additional paid-in capital.
• Inventories: Rose by 22.37%, potentially indicating increased production or anticipation of higher sales.
• Cash and Cash Equivalents: Decreased by 14.73%, which may be related to the expansion of operations or investments.

Conclusion

Spinaroo Commercial Limited's half-year results for FY2026 demonstrate revenue generation and profitability, alongside significant changes in its balance sheet structure. The substantial increases in share capital and reserves indicate potential strategic moves by the company. Investors and stakeholders may want to monitor how the company utilizes its increased capital base and manages its growing inventory and receivables in the coming quarters.

Spinaroo Commercial Limited (SCL), a company listed on the BSE with scrip code 544392, has announced a significant investment in its sister company, Spino Poly Products Private Limited (SPPPL). The Board of Directors of SCL approved an investment of up to 15% shareholding or Rs. 2.00 crore in SPPPL at Rs. 65.00 per share.

Investment Details

The investment decision was made during a board meeting held on September 15, 2025. The transaction is structured as a cash deal and is expected to be completed within one month. This related party transaction has been approved by both the Audit Committee and the Board of Directors, confirming that it was conducted on an arm's length basis through equity share subscription based on an independent valuation.

About Spino Poly Products

Spino Poly Products Private Limited, incorporated on December 29, 2020, is a manufacturer of premium thin-walled plastic containers and paper plate raw materials. The company operates 23 injection moulding machines and 2 roto gravure printing machines from its strategically located factory near Bagnan on the Kolkata-Bombay highway.

Financial Performance

According to the latest available financial data, SPPPL reported the following figures for the fiscal year ending March 31, 2025:

It's worth noting that SPPPL has shown a fluctuating turnover over the past three years:

Investment Rationale

The primary objective of this investment, as stated by Spinaroo Commercial Limited, is to support general business requirements and business activities of Spino Poly Products. SCL noted that while SPPPL currently has sufficient capital adequacy and liquidity to meet existing liabilities, the capital infusion will help in meeting future business needs.

Industry Context

Spino Poly Products operates in the paper and packaging products industry, manufacturing paper disposables and other packaging products. The company has established a strong presence in the region, with a diverse portfolio of clients and a network of vendors.

Regulatory Compliance

The investment details have been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This strategic investment by Spinaroo Commercial Limited in its sister company Spino Poly Products Private Limited represents a significant move in the paper and packaging industry, potentially strengthening both companies' positions in the market.