Polymechplast Machines Limited has announced September 17, 2026, as the record date for determining shareholder eligibility for its final dividend for the financial year ended March 31, 2026. The company will convene its 39th Annual General Meeting (AGM) on September 24, 2026, at 3:00 p.m. (IST) via Video Conferencing to approve the dividend distribution. The Register of Members and Share Transfer Books will remain closed from September 18 to September 24, 2026, inclusive of both days, as mandated pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. If the members approve the dividend at the AGM, the company intends to initiate payments starting Monday, October 12, 2026. All dividend payments will be subject to the deduction of tax at source (TDS) as per prevailing income tax laws.
According to the latest unaudited financial results approved by the Board of Directors on August 12, 2026, Polymechplast Machines reported a standalone net loss of ₹71.47 lakh for Q1 FY2026, representing a significant deterioration from the net profit of ₹25.09 lakh recorded in the corresponding quarter of the previous year. The company's financial performance showed marked decline across key metrics during the first quarter of fiscal 2026, with total income of ₹1,017.09 lakh comprising ₹992.64 lakh from operations and ₹24.45 lakh from other income. Total expenses amounted to ₹1,109.10 lakh, resulting in a Profit/(Loss) before tax of ₹92.01 lakh.
As reported in the latest financial results, the company's revenue from operations declined 17.1% to ₹992.64 lakh in Q1 FY2026 compared to ₹1,197.59 lakh in Q1 FY2025. The decline was driven by operational pressures and challenging market conditions. Cost of materials consumed decreased significantly by 44.9% to ₹595.67 lakh from ₹1,081.00 lakh in Q1 FY2025, while employee benefits expense increased 12.9% to ₹181.94 lakh from ₹161.16 lakh in the corresponding quarter last year.
According to the latest financial data, the company's profit before tax deteriorated to a loss of ₹92.01 lakh from a loss of ₹33.34 lakh in Q1 FY2025, representing a 175.9% increase in pre-tax losses. Total expenses rose to ₹1,109.10 lakh from ₹1,250.48 lakh in Q1 FY2025, primarily due to lower inventory adjustments which recorded a positive change of ₹144.96 lakh compared to a negative adjustment of ₹233.49 lakh in the prior year. Despite the expense reduction, the company's financial position continued to weaken during the quarter. A deferred tax benefit of ₹20.53 lakh helped reduce the final net loss to ₹71.47 lakh from a potentially higher loss without this benefit.
The Board meeting held on August 12, 2026 addressed several administrative matters alongside the financial results approval. The directors noted the resignation of Independent Director Chirag Sureshbhai Shah, effective August 7, 2026, citing health reasons. Consequently, Shah ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. To maintain board composition, the Board recommended the re-appointment of Himmatlal Parshottambhai Bhuva (DIN: 00054580), who retires by rotation and has offered himself for re-election. The Board also fixed the book closure period from September 18, 2026, to September 24, 2026 for the purpose of the 39th Annual General Meeting (AGM), scheduled to be held on September 24, 2025 via Video Conferencing or other Audio Visual Means. The Board also appointed M/s. Devesh Pathak & Associates as Scrutinizers to oversee the remote and e-voting processes for the AGM.
On the consolidated front, Polymechplast Machines reported a net loss after tax and share of associate's profit/loss of ₹79.68 lakh, compared to a loss of ₹29.07 lakh in Q1 FY2025. The associate entity, TBC-Goldcoin Private Limited, contributed a loss of ₹8.21 lakh during the quarter, widening the consolidated deficit. Consolidated revenue from operations remained identical to standalone figures at ₹992.64 lakh, indicating no significant inter-segment elimination or additional revenue streams from associates in this period. Statutory Auditors CNK & Associates LLP issued their review report confirming that nothing came to their attention to suggest the statements do not comply with Ind AS 34 and SEBI Listing Regulations.
