Spangle Marketing Limited Annual Report and Financials

SPANGLE MARKETING LIMITED Balance Sheet (In Lakhs)

Particulars	2025	2024
ASSETS
Financial Assets
Cash and Cash Equivalents	13.63	4.73
Investments	398.12	429.04
Non-Financial Assets
Current tax assets(Net)	0.01	0.01
Property, Plant And Equipment	0.01	0.01
Goodwill	20.37	20.37
Other Non-Financial Assets(to be specified)	0.10	0.10
Total Assets	432.24	454.27
LIABILITIES AND EQUITY
LIABILITIES
Financial Liabilities
Borrowings(Other than Debt Securities)	100.00	100.00
Other Financial Liabilities(to be specified)	0.19	1.07
Non-Financial Liabilities
Provisions	0.78	0.71
EQUITY
Equity Share Capital	220.22	220.22
Other Equity	111.05	132.27
TOTAL LIABILITIES AND EQUITY	432.24	454.27

 SPANGLE MARKETING LIMITED Profit & Loss Statement (In Lakhs)

Particulars	2025	2024
Revenue from Operations
Dividend Income	0.13	0.13
Interest Income		0.05
Net Gain/(Loss) on Fair value changes	(9.09)	(3.70)
Sale of products	-
Profit on Sale of Investments	3.66	0.64
Total Revenue from Operations	(5.29)	(2.89)
Total Income	(5.29)	(2.89)
Expenses
Employee benefits expense	11.04	8.33
Other expenses(to be specified)	4.89	4.87
Total Expenses	15.93	13.20
Profit /(Loss) before exceptional items and tax	(21.22)	(16.09)
Profit/(Loss) before tax	(21.22)	(16.09)
Tax Expenses
Income tax for Earlier Years	14.00	3.00
Profit/(Loss) for the period from continuing operations	(1,954.00)	14,049.00
Profit/(Loss) for the period	(1,954.00)	14,049.00
Total Comprehemsive Income	(1,954.00)	14,049.00
Earning per equity shares
Basics	(0.89)	6.38
Diluted	(0.89)	6.38

SPANGLE MARKETING LIMITED Cash Flow Statement (In Lakhs)

Particulars	2025	2024
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit/(Loss) Before Tax & Extraordinary Items	(21.22)	(16.09)
Adjustments for:
Interest Received	-	(0.05)
Unrealized gain through profit and loss	9.09	3.70
Profit on sale of Investments	(3.66)	(0.64)
Other Income	(0.13)	(0.13)
Operating Profit Before Working Capital Changes	(15.92)	(13.20)
Adjustments for: Increase/Decrease in
Other Non Current and current Non financial Assets	-	0.07
Other current Liabilities and Provisions	(0.81)	(0.06)
Cash Generated From Operations	(16.73)	(13.19)
Less Direct Tax Paid/Receavble
Net Cash Flow from/ (Used in ) Operating Activities (A)	(16.73)	(13.19)
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Investments
Interest Received		0.05
Sale of Investments	25.25	10.00
Net Cash Flow from/(Used in) Investing Activities (B)	25.50	10.05
C. CASH FLOW FROM FINANCING ACTIVITIES
Dividend Received	0.13	0.13
Net Cash flow from/(Used in) Financing Activities ©	0.13	0.13
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (A+B+C)	8.89	(3.01)
Cash and Cash Equivalents As at the Beginning of the Year	4.73	7.74
Cash and Cash Equivalents As at the end of the Year	13.63	4.73

Cash Flow Analysis of Spangle Marketing Limited: Investment-Led Liquidity Improvement Amid Weak Operating Performance

The cash flow performance of Spangle Marketing Limited reflects a year driven largely by investment monetisation rather than operational strength. During FY2025, the company reported a net cash increase of ₹8.89 lakh, reversing the decline of ₹3.01 lakh in FY2024, primarily supported by strong inflows from investing activities.

From an operating perspective, the business continues to generate negative cash flows. Net cash used in operating activities stood at ₹16.73 lakh in FY2025, compared with ₹13.19 lakh in FY2024, indicating persistent operational inefficiencies and the absence of stable cash-generating core business activity. The company recorded a pre-tax loss of ₹21.22 lakh, and even after adjusting for non-cash items such as unrealised gains and profit on sale of investments, the operating deficit remained significant. Minimal movement in working capital suggests that the negative operating cash flow is structural rather than temporary.

Investing activities were the primary contributor to liquidity improvement. The company generated ₹25.50 lakh of net cash inflow from investing activities in FY2025, mainly due to sale of investments amounting to ₹25.25 lakh, compared with ₹10.00 lakh in the previous year. This indicates reliance on liquidation of investment holdings to support cash requirements rather than expansion or fresh capital deployment.

Financing activities remained negligible, with only ₹0.13 lakh inflow from dividend received in both years, reflecting the absence of borrowings, equity infusion, or structured financing initiatives.

Overall, the cash flow statement highlights that while the company ended FY2025 with a stronger cash position of ₹13.63 lakh (vs ₹4.73 lakh in FY2024), the improvement is investment-driven rather than operationally driven. Sustained negative operating cash flows remain a key concern, indicating the need for strengthening core revenue generation and improving operational efficiency to ensure long-term financial stability rather than dependence on asset sales.