Polymechplast Machines Limited has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹71.47 lakhs for the period, compared to a net profit of ₹252.70 lakhs in the previous quarter. Total income from operations stood at ₹992.64 lakhs. The results also detail changes in directorship, including the resignation of an independent director and the recommendation for a new director’s appointment.
Financial Performance for Q1 FY27
Polymechplast Machines Limited has disclosed its unaudited standalone financial results for the first quarter of the financial year 2027, ending on June 30, 2026. The company recorded a net loss of ₹71.47 lakhs for the quarter. This contrasts with the previous quarter’s performance, where a net profit of ₹252.70 lakhs was reported. The total income from operations for the quarter was ₹992.64 lakhs.
Key Financial Highlights (Unaudited Standalone)
- Revenue from operations: ₹992.64 lakhs
- Profit/(Loss) before tax: (₹92.01) lakhs
- Net Profit/(Loss) for the period: (₹71.47) lakhs
- Total Comprehensive Income: (₹69.79) lakhs
Corporate Actions and Governance Updates
In addition to the financial results, the Board of Directors approved several key decisions during their meeting held on August 12, 2026.
Director Resignation and Appointment
- 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 to be the Chairman/Member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
- Shareholders will be recommended to appoint Himmatlal Parshottambhai Bhuva as a Director, filling a vacancy created by a director retiring by rotation and being eligible for re-appointment.
Annual General Meeting and Book Closure
- The company has fixed the book closure period from September 18, 2026, to September 24, 2026, inclusive, for the purpose of the 39th Annual General Meeting (AGM).
- The 39th AGM is scheduled to be convened on September 24, 2025, at 3:00 p.m. via Video Conferencing (VC) or other Audio Visual Means (OAVM).
- M/s. Devesh Pathak & Associates has been appointed as the Scrutinizer for the remote voting and e-voting process at the AGM.
Board and Committee Updates
- The Board approved the Board’s Report along with Annexures for the financial year ended March 31, 2026.
- The Board also approved the re-constitution of various Board Committees of the Company.
The meeting of the Board of Directors commenced at 11:30 a.m. and concluded at 2:30 p.m.
Source: BSE
