Manika Plastech Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors confirmed that there has been no deviation or variation in the utilization of proceeds from its Initial Public Issue (IPO) compared to the objects stated in the prospectus. The company’s financial statements for the period reflect these outcomes.
Financial Results Approved
Manika Plastech Limited has officially approved its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The decision was made during a Board of Directors meeting held on November 04, 2026. These results, along with the limited review report from statutory auditors, have been formally adopted.
IPO Fund Utilization Confirmation
In a significant disclosure, the company confirmed that there has been no deviation or variation in the utilization of funds raised through its Initial Public Issue (IPO) from the stated objects in the prospectus. This confirmation was made pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee and the Board of Directors have both reviewed and noted the statement of utilization of IPO proceeds.
Key Financials Highlighted
The financial results, presented as Annexure A, detail the standalone and consolidated performance. For the quarter ended September 30, 2026, standalone revenue from operations stood at ₹1,514.23 million, with a profit after tax of ₹98.68 million. On a consolidated basis, revenue from operations was also ₹1,514.23 million, with a profit after tax of ₹98.55 million.
For the half-year ended September 30, 2026, standalone revenue from operations was ₹3,138.77 million, and profit after tax was ₹229.35 million. Consolidated revenue from operations for the same period was ₹3,143.70 million, with a profit after tax of ₹229.27 million.
Statement of Deviation/Variation
Annexure B provides a detailed statement on the deviation or variation in the utilization of funds raised through the public issue for the quarter ended September 30, 2026. The report indicates that the total funds raised were ₹92.50 Crores (Fresh Issue), with issue-related expenses of ₹10.86 Crores, leaving net proceeds of ₹81.64 Crores for utilization. The company has reported no deviation or variation in the use of these funds.
Board Meeting Details
The Board Meeting commenced at 01:34 P.M. and concluded at 01:50 P.M. on November 4, 2026. The information is also available on the company’s website at https://www.manikaplastech.com.
Source: BSE
