Date: 14.11.

2024

To,
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot No. C/1,
G Block, Bandra-Kurla Complex, Bandra (E)
Mumbai – 400051

Symbol: PARAGON

Subject- Outcome of Board Meeting

Dear Sir/ Madam,

The Board of Directors of the Company at their meeting held today i.e. November 14,
2024 duly approved and took on record the Unaudited Financial Results for the half
year ended September 30, 2024.

Please find enclosed herewith the duly signed Unaudited Financial Results for the half
year ended September 30, 2024 along with the Auditor's Review Report.

The meeting of Board of Directors commenced on 4:30 P.M. and concluded on 5:10
P.M.

This is for your information and records.

Thanking You,

For Paragon Fine and Speciality Chemical Limited

Digitally signed by
PRAVINCHANDRA PRAVINCHANDRA JASMAT
VASOLIA
JASMAT VASOLIA Date: 2024.11.14 17:21:40
+05'30'

___________
Pravinchandra Jasmat Vasolia
Managing Director
DIN: 02896534

Encl: As Above
SURANA MALOO & CO. 2nd Floor, Aakashganga Complex,
CHARTERED ACCOUNTANTS Parimal Under Bridge,
Web : www.suranamaloo.com Near Suvidha Shopping Centre,
Paldi, Ahmedabad - 380007
E·mail : [email protected]
Ph.: 079-26651777, 26651778

Independent Auditor's Review Report on Half Yearly Un-Audited Financial Results of the
Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended.

To,
The Board of Directors of,
Paragon Fine and Speciality Chemical Limited
CIN: U24304GJ2018PLC105071
Ahmedabad.

1. We have reviewed the accompanying statement of unaudited financial results of Paragon

Fine and Speciality Chemical Limited ("the Company") for the half yearly ended
September 30th, 2024 ("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').

2. 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 Accounting Standard 25 "Interim Financial
Reporting" (AS 25) prescribed under Section 133 of the Companies Act, 2013 and
other accounting principles generally accepted in India and in compliance with Regulation
33 of listing obligations. Our Responsibility is to issue a report on this statement based on
our review.

3. 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. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the financial statements are free of material misstatement. A
review of interim financial information consists of making inquiries, primarily of persons
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 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.

4. Based on our review conducted as above, nothing has come to our attention that causes us
to believe that the accompanying statement, prepared in accordance with the recognition
and measurement principle laid down in the aforesaid Accounting Standards and other
accounting principles generally accepted in India specified under section 133 of the
Companies Act, 2013 as amended, has not disclosed the information required to be
disclosed in terms of the Listing Regulations, including the manner in which it is to be
disclosed, or that it contains any material misstatement.

For, Surana Maloo & Co.

Chartered Accountants
Firm Reg. No. 112171W

~1\:::1
ra~rn~~
Date : 14th November, 2024 ... , .. ... Membership No. 037671
Place :Ahmedabad UDIN · .zttoS%11 Bkx~.J cgs~

Branch: 711, Addor Aspire, 7th Floor, Nr. Jahanvi Restaurant, University Road,
Ahemdabad-380015. Ph.: 079-48983241
 ~
Energising Chemistry.....
CIN : U24304GJ2018PLC1 05071
An ISO 9001 : 2015 Certified Company
An ISO 14001 : 2015 Certified Company PARAGON
An ISO 45001 : 2018 Certified Company FINE a SPECIALITY CHEMICAL LTD.
SA 8000 : 2014 Certified Company
PARAGON FINE & SPECIALITY CHEMICAL LIMITED
(Formarly Known as Paragon Fine & Speciality Chemical Private Limited)
1001/1, PARSHWA TOWER, NR PAKVAN HOTEL, S.G. HIGHWAY, BODAKDEV, AHMEDABAD.
CIN:U24304GJ2018PLC105071

Statement of Unaudited Financial Results for the Half Year ended on 30th September 2024
(Rs In l akh)
6 Months Ended Year Ended on
Sr. No. PARTICULARS 30·09·2024 31·03·2024 30-09·2023 31· 03·2 024 31·03·2 023
Unaudited Audited Audited Audited Aud ited
(I) REVEN UE FROM OPERATION S 5,198.1 4 6,116.95 6,0 15.78 12,132.73 10,405.53
(II) OTHER INCOME 73.81 109.50 23.7S 133.25 95.66

(III) TOTAL REVENUE (1+11) 5,271.95 6,226.45 6,039.53 12,265.99 10,501.19

(IV) EXPENSES:
COST OF MATERIAL CONSUMED 3,3S7.45 · 158.31 4,424.25 4,265.94 7,447.96
PURCHASE OF STOCK· IN-TRADE 656.4S 4,236.09 4,236.09
CHANGES IN INVENTORIES OF FINISHED GOODS & WIP · 194.S 1 ·198.90 69.36 ·129.54 · 222.93
EMPLOYEE BENEFITS EXPENSE 313.41 368.93 214.99 583.92 514.76
FINANCE COST 15.82 35.07 64.66 99.73 118.22
DEPRECIATION AND AMORTIZATION EXPENSE 50.59 47.37 43.33 90.70 82.79
OTHER EXPENSES 819.00 778.19 417.33 1,195.52 1,203.87

TOTAL EXPENSES 5,018.21 5,108.4 5 5,233 .91 10,342.37 9,144.67

(V) PROFIT BEFORE EXCEPTIONAL AND 253.74 1,118.00 805.62 1,923.62 1,356.52
EXTRAORDINARY ITEMS AND TAX(IIHV)

(VI) EXCEPTIONAL ITEMS

PRIOR PERIOD ITEMS (NET)
OTHER EXCEPTIONAL ITEM S

(VII) PROFIT BEFORE EXTRAORDINARY ITEMS AND TAX (V·Vl) 253.74 1,118.00 805.62 1,923.62 1,356.52

(VIII) EXTRAORDI NARY ITEMS

(I X) PROFIT BEFORE TAX (VII·VIII) 253.74 1,118.00 805.62 1,923.62 1,356.52

(X) TAX EXPENSE :

1) SHORT PROVISION OF TAXES IN EARLIER YEAR 15.84 ·0.00 -0.78 -0.78 -0.28
2) CURRENT TAX 64.30 288.37 200.46 488.83 363.29
3] DEFERRED TAX 3.08 -2.45 6.94 4.49 7.81

(XI) PROFIT /(LOSS) FROM ORDINARY ACTIVITIES (IX·X) 170.51 832.08 599.00 1,431.08 985.71

(XII) PROFIT/[LOSS) FROM DISCONTINUING OPERATION (BEFORE TAX) (Xli-X lll)

(XIII) TAX EXPENSE OF DISCONTINU ING OPERATION
(XIV) PROFIT/(LOSS) FROM DISCONTINUING OPERATION (AFTER TAX) (XII-XIII)

(XV) PROFIT (LOSS) FOR THE PERIOD BEFORE M INORITY INTEREST (XI-XIV) 170.51 832.08 599.00 1,431.08 985 .71
SHARE OF PROFIT /LO SS OF ASSOCIATES
SHARE OF PROFIT /LOSS OF M INORITY INTEREST

NET PROFIT (LOSS) FOR THE PERIOD

DETAILS OF EQUITY SHARE CAPITAL
PAID UP EQUITY SHARE CAPITAL 1,956.60 1,956.60 1,440.00 1,956.60 360.00
FACE VALU E OF EQU ITY SHARE (PER SHARE) (in Rupees) 10.00 10.00 10.00 10.00 10.00
(XVI) EARNINGS PER EQUITY SHARE:
1) BASIC EARN INGS/(LOSS) PER SHARE [ADjUSTED TO BONUS ISSUE) (RS.) 0.87 5.04 4.16 8.66 6.85
2) DILUTED EAR~N GS/(LO SS) PER SHARE (ADj USTED TO BONUS ISSUE) (RS.) 0.87 5.04 4.16 8.66 6.85

FOR PARAGON FINE ~ECIALITY CHEMICAL LIMITED

-
=·v..:
\:,r·.,~.
PRAVINCHANDRA JASMAT VASOLIA
(MANAGING DIRECTOR)
(DIN -02896534)
PLACE: AHMEDABAD
DATE: 14/11/2024

CORPORATE OFFICE :
1001/1, Porshwo Towers, B/H Pokwon-11, Judges Bung lows, S. G. Highwoy, Ahmedobod -380054. Gujorot, Indio.
Phone: +91-79-35335483 • Emoil: [email protected] • Website: www.porogonind.com
PLANT ADDRESS :
Viromgom co.op.ind. Estote, Opp. Bolopir Dorgoh, Viromgom-382150. Dist. Ahmedobod, Gujorot-lndio.
Phone: + 91 - 079-29900247 • Emoil: [email protected] • Website: www.porogonind.com
 CIN : U24304GJ2018PLC1 05071 Energising Chemistry.... .

An ISO 9001 : 2015 Certified Company

An ISO 14001 : 2015 Certified Company PARAGON
An ISO 45001 : 2018 Certified Company FINE & SPECIALITY CHEMICAL LTD.
SA 8000 : 2014 Certified Company

PARAGON FINE & SPECIALITY CHEMICAL LIMITED

(Formarly Known as Paragon Fine & Speciality Chemical Private Limited)
1001 / 1, PARSHWA TOWER, NR PAKVAN HOTEL, S.G. HIGHWAY, BODAKDEV, AHMEDABAD.
CIN: U24304G}2018PLC105071

Unaudited Statement of Assets and Liablities as on 30th September 2024

(Rs. In lakh)
~.·,;;· ;; As on AS on
Sr. No. PARTICULARS 30·09-2024 31·03·2024
,,,.
····· ...._
Unaudited Audited
(I) EQUITY AND LIABILITIES

1 SHARE HOLDER'S FUNJ?S

A) SHARE CAP ITAL 1,956.60 1,956.60
B) RESERVES AND SURPLUS 6,561.85 6,391.33
C) MONEY RECE IVED AGAINST SHARE WARRENTS -
2 SHARE APPLICA!ION MONEY PENDING ALLOTMENT - -
3 NON-CURRENT LIABILITIES
A) LONG TERM BORROWINGS 596.63 841.16
B) DEFERRED TAX LIAB ILITIES (NET) 38.84 35.76
C) OTHER LONG TERM LIABILITI ES -
D) LONG TERM PROVISION 19.81 17.85

4 CURRENT LIABILITIES
A) SHORT TERM BORROWINGS 28.55 27.57
B) TRADE PAYABLE
-TOTAL OUTSTANDING DUES OF MSME 268.62 150.26
-TOTAL OUTSTANDING DUES OF OTHER THAN MSME 652.83 1,109.18
C) OTHER CURRENT LIAB ILITIES 16.21 24.51
D) SHORT-TERM PROVISIONS 67.00 498.50
TOTAL 1U,:wo.Y4 ll,U5~.7~

(II) ASSETS
1 NON-CURRENT ASSTES
A) PROPERTY, PLANT AND EQU IPMENTS & INTANG IBLE ASSETS 1,383.37 1,086.56
CAPITAL WORK IN PROGRESS 213.7 0 61.95
B)NON-CURRENTI NVESTMENTS 0.05 0.05
C) DEFERRED TAX ASSETS (NET) -
D) LONG TERM LOANS AND ADVANCES - -
E) OTHER NON-CURRENT ASSETS 101.78 507.88

2 CURRENT ASSETS
A) CURRENT INVESTMENTS
B) INVENTORIES, 3,705.33 3,15 5.95
C) TRADE RECEIVABLES 2,387.26 2,550.43
D) CASH AND CAS H EQUIVALENTS 1,422.92 2,391.60
E) SHORT TERM LOANS AND ADVANCES 174.28 94.10
F) OTHER CURRENT ASSETS 818.25 1,204.19
TOTAL .lU,..:UO.'J4 ll,U5~.7~

(Ill) CONTINGENT LIABILITIES - -

" /

FOR PARAG~IALITV CHEMICAL L l =

()~ CiN[
PRAYIN CHANDRA JASMAT VASOLIA
(MANAGING DIRECTOR)
(DIN-02896534)
PLACE: AHMEDABAD
DATE: 14/ 11/ 2024

CORPORATE OFFICE :
1001/1, Porshwo Towers, 8/H Pokwon-11, Judges Bunglows, S. G. Highway, Ahmedabad -380054. Gujorot, Indio.
Phone: + 91-79-35335483 • Email: [email protected] • Website: www.porogonind.com
PLANT ADDRESS :
Viromgom co.op.ind. Estate, Opp. Bolopir Dorgoh, Viromgom-382150. Dist. Ahmedabad, Gujorot-lndio.
Phone: + 91 - 079-29900247 • Email: [email protected] • Website: www.porogonind.com
 Energising Chemistry.... .
CIN: U24304GJ2018PLC105071
An ISO 9001
An ISO 14001
:
:
2015
2015
Certified
Certified
Company
Company PARAGON
An ISO 45001 : 2018 Certified Company FINE 6 SPECIALITY CHEMICAL LTD.
SA 8000 : 2014 Certified Company

PARAGON FINE & SPECIALITY CHEM ICAL LIMITED

(Formarly Known as Paragon Fine & Speciality Chemical Private Limited)
1001/ 1, PARSHWA TOWER, NR PAKVAN HOTEL, S.G. HIGHWAY, BODAKDEV, AHMEDABAD.
ClN: U24304GJ2018PLC105071

Unaudited Cash Flow Statement for the half year ended 30th September, 2024
(Rs In lakh)
Particular As on 30th September, 2024 As on 31st March, 2024
Amount Total Amount Amount Total Amount

Cash flow from ope rating Activity

Net Profit Before taxation and extraordinary activities 253.74 1,923.62

Adjustment:
Depreciation 50.59 90.70
Interest Income ·38.19 -63.24
(Profit)/Loss on sale of Asset
Interest Paid 15.82 28.22 99 .73 127.19

Adj ustme nt For Wo r king Capital Cha nges: -.

lnc rease/(Decrease) in Inve ntory -549.38 -930.39
lnc reasef(Decrease) in Trade and Other Receivables 565.31 418.24
lncrease/(Decrease) in Trade and Other Payables -855.98 -840.05 -748.37 -1,260.51

Cas h Generated from operation -5 58.09 790.30

less: Income tax paid -96.39 -770.61
Add/(Less) : DTA
Less: Dividend Payable -96.39 -770.61
Ne t Cash flow from oper ating activites: -654.48 19.69

Cas h flow from Investi ng Activities

Purchase of Fixed Assets -499.15 -301.43
Investment in Fixed Deposits 409.20 -1,457.94
Proceeds from other De posits 6.70 -56.59
Interest Income 38.19 63.24

Ne t Cash flow from Investing Activities : -45.06 -1,752.72

Cas h flo w from Fina ncing Activities

Finance Cost -15.82 -99.73
Increase/( Decrease) In Long Term Borrowings -244.53 -600.96
lncrease/(Decrease) in Short te rm borrowing 0.98 -1,051.34
Proceeds fro m issue of Share Capital 4,689.41

Net Cash flow from Financing Activities: -259.36 2,937.37

Ne t Increase in Cash & cash Equi vale nt -958.89 1,204.34

Cash & cash equivale nt a t beginning of period 1,333.26 128.92
Cash & cash equivale nt at en d of period 374.37 1,333.26

1. Component of Cash and Cash equiva lents

Cash in Hand 8.62 6.23

Balance with bank 365.75 1,327.03
374.37 1,333.26

2. Cash fl ows are reported using the indirect method, whereby profit befo re tax is adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals
of past or future cash receipts or payments. The cash fl ows from regu lar revenue generating, financing and investing activities of the company are segregated.

"""~'~"IT '"'"'a'""""
PRAVINCHANDRA )ASMAT VASDLIA
(MANAGING DIRECTOR)
(DIN -02896534)
PLACE: AHM EDABAD
DATE: 14/ 11/2024 .

CORPORATE OFFICE :
1001/1, Porshwo Towers, B/H Pokwon-11, Judges Bunglows, S. G. Highway, Ahmedabad -380054. Gujorot, Indio.
Phone: + 91 -79-35335483 • Email : [email protected] • Website: www.porogonind.com
PLANT ADDRESS :
Viromgom co.op.ind. Estate, Opp. Bolopir Dorgoh, Viromgom-382150. Dist. Ahmedabad, Gujorot-lndio.
Phone: + 91 - 079-29900247 • Email: [email protected] • Website: www.porogonind.com
CIN: U24304GJ2018PLC105071 Energising Chemistry.... .

An ISO 9001 : 2015 Certified Company

An ISO 14001 : 2015 Certified Company PARAGON
An ISO 45001 : 2018 Certified Company FINE 6 SPECIALITY CHEMICAL LTD.
SA 8000 : 2014 Certified Company

Notes a ttached to Unaudited Financial Results for the Half Year Ended on 30th September 2024

1 The above results have been reviewed by the Audit Co mmittee and Subsequently approved by the Board of Directors on 14/11/2024.
2 The figures have been regrouped/ rea rranged wherever necessary to make the m comparable with the current period figures.
3 Figure for the Six Month s e nded on 30th Septembe r 2024 a re provided by the management.
4 Company is engaged in providing Best Quality manufacturing, formul ation, supply and packaging, job work se rvices for various Dyes &
Intermediate a nd a wide variety of other Intermediate in Ind ia as well as for Export.
5 The compa ny has only single reportable business segment and hence, se prate in f? rmation for segment wise di sclosure is not applicable in
accordance with the requirements of accounting sta ndard (AS) 17.

6 IND AS is not currently applicable to the Company hence Th e Statement is prepared in accorda nce with the requirement of Accounting
Standards (AS) specified under section 133 of the Companies Act, 2013 read with rul e 7 of the Compa ni es (Accounts) Rules, 2014.
7 The figures of the half year ended 31st March, 2024 a re the bala ncing fi gures betwee n aud ited figu res in respect of the full financial year 2023·
24 and the half year ended Unaudited fi gure upto 30th September, 2023.
B Earning per Equity Share (EPS) is calculated on the weighted average share capital.
9 Th e Status o f Investor s comp11amts d unng th e haIfr yea r en d e d 30 t h Septem b er, 2024 as un d er:
Comolaints pending at the beginning of the per iod Nil
comolaints received during the period Nil
complaints dispossed during the period Nil
complaints un resolved at the end of the period Nil
. .
10 The Compa ny has made an lntt1al Pubhc Offenng (!PO) of 51,66,000 equ1ty share of Face value of Rs. 10 each fully pa1d up for cash at pnce of Rs.
100 per eq uity share (Including share premium of Rs. 90 per Equity Share ) agg regating to Rs. 5166.00 Lakhs for the aforementioned equ ity
share were allotted on date 03-11-2023. The equity shares of the company were in the process of li sting on the NSE Emerge Platform as on
dated 30-09-2023 a nd got listed and admirted to the dealings on the exchange w.e.f 03-11-2023.
11 The proceeds from the !PO is Rs. 5166.00 Lakhs. The Obj ect & Proposed utili sa tion of the same is as follows: details need to be given below

Amount Utilise Upto Unutilise

Amount
Particulars 30/09/2024 Amount
(Rs. In Lakhs)
_iRs. In Lakh_tl _LRs. In Lakhs)

1. Funding capital expenditure towa rds civil co nstruction work in the existing
100.06 14.30 85.76
Ipremises of factory
2. Repayment in full or in part, of certain of our outstandirtK borrowiflKS; 1,29 0.00 1,290.00
3. Funding Capital Expenditure towards installation of add itional plant and
787.42 302.51 484.9 1
machinery for Expansion
4. Funding to meet workin g capital requirements 1,300.00 1,300.00
5. General Coroorate Purpose. 1,688.52 1,259.19 429.33

Total 5,166.00 4,166.00 1,000.00

FOR PARAGON FIN"~CIALITY CHEMICAL LIMITED

-
r.:,'01:-. FINe4
~ I
PRAVINCHANDRA )ASMAT VASOLIA
(MANAGING DIRECTOR)
(DIN-02 896534)
PLACE: AHMEDABAD
DATE: 14/ 11/ 20 24

CORPORATE OFFICE :
1001/1, Porshwo Towers, B/H Pokwon-11, Judges Bunglows, 5. G. Highway, Ahmedabad -380054. Gujarot, Indio.
Phone : + 91-79-35335483 • Email : [email protected] • Website: www.porogonind.com
PLANT ADDRESS :
Viromgom co.op.ind. Estate, Opp. Balopir Dorgoh, Viromgom-382150. Oisl. Ahmedabad, Gujorot-lndio.
Phone: + 91 - 079-29900247 • Email: [email protected] • Website: www.porogonind.com