Pounds of Progress: Commercial Syn Bags Ltd Nets GBP 63,700 Dividend from UK Venture

Commercial Syn Bags Ltd (CSBL), a prominent entity in the flexible intermediate bulk container (FIBC) sector, announced that it has received a dividend of GBP 63,700 from its UK associate, Smartlift Bulk Packaging Limited. This is a noteworthy event following CSBL’s acquisition of a 49% stake in Smartlift Bulk Packaging earlier in the year to enhance its footprint in the European region.

 

CSBL also announced its audited financial results for the year ended March 31, 2025, with a consolidated profit of Rs 1,758.67 lakh, with an unqualified audit opinion and a preferential issuance of warrants being allotted. CSBL also confirmed that there is no change in the deployment of Rs 360 lakh against preferential issue proceeds, collected during Q4 FY25.

 

Key Takeaways

With the recent dividend and disclosure of strong profits, this highlights successful international expansion, along with growing influence within the global packaging market.

 

Sources: Screener.in, Moneycontrol & ICRA Ratings, Marketscreener