Polymechplast Machines Limited announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors transacted and approved both standalone and consolidated financial results, alongside other key corporate decisions including director appointments and resignation. The company also fixed the book closure period for its upcoming 39th Annual General Meeting.
Board Approves Q1 FY27 Financial Results
Polymechplast Machines Limited has announced the outcome of its Board of Directors’ meeting held on August 12, 2026. The Board transacted several key business items, prominently approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. These results, along with the limited review reports from statutory auditors, have been officially submitted.
Director Resignation and Appointment
In a significant governance change, the Board took note of the resignation of Mr. Chirag Sureshbhai Shah as an Independent Director, effective August 7, 2026. Consequently, he will also cease his roles on the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The company also recommended the appointment of Mr. Himmatlal Parshottambhai Bhuva as a Director, filling a vacancy due to retirement by rotation.
Annual General Meeting and Book Closure
The company has set the stage for its 39th Annual General Meeting (AGM). The book closure period for the AGM has been fixed from September 18, 2026, to September 24, 2026, inclusive. The 39th AGM itself is scheduled to be convened on September 24, 2025, at 3:00 p.m., and will be conducted via Video Conferencing (VC) or other Audio Visual Means (OAVM).
Other Corporate Actions
Further decisions from the Board meeting include the appointment of M/s. Devesh Pathak & Associates as Scrutinizers to oversee the remote and e-voting processes for the AGM. The Board also approved the Boards’ Report along with annexures for the Financial Year ended March 31, 2026, and approved the re-constitution of various Board Committees.
Financial Highlights (Standalone – Quarter Ended June 30, 2026)
For the quarter ended June 30, 2026, Polymechplast Machines reported total income of ₹1,017.09 lakhs. Total expenses amounted to ₹1,109.10 lakhs, resulting in a Profit/(Loss) before tax of (₹92.01 lakhs). The net loss for the period after tax was (₹71.47 lakhs).
Financial Highlights (Consolidated – Quarter Ended June 30, 2026)
On a consolidated basis for the same period, total income was ₹1,017.09 lakhs, with total expenses at ₹1,109.10 lakhs. This led to a Profit/(Loss) before tax of (₹92.01 lakhs). The consolidated net profit after tax and share of associates’ loss stood at (₹79.68 lakhs).
Source: BSE
