Pithampur Poly Products Ltd

Director resignation

• Kamal Patel resigned as director due to preoccupation.

AGM Details

• Date: 30 September 2026; Time: 3:30 PM.
• Mode: Physical meeting with remote e-voting.
• Venue: Registered Office.
• Shareholders on record: 1,563.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of financial statements and reports; passed unanimously.
• Resolution 2 (Ordinary): Re-appointment of Mrs. Meera Tekriwal as Director by rotation; passed.
• Resolution 3 (Ordinary): Ratify appointment of M/s Gautam Jain & Co as Auditors; passed.
• Resolution 4 (Special): Regularise Kamal Patel as Director; not passed due to resignation.
• Resolution 5 (Special): Reappoint Anil Waman Jog as Independent Director; passed.

Auditor appointments

• Auditors: Ratified appointment of M/s Gautam Jain & Co as Auditors.

Director changes

• Meera Tekriwal reappointed as Director by rotation.
• Kamal Patel regularisation as Director not passed due to resignation.
• Anil Waman Jog appointed as Independent Director.

AGM Details

• Date/time: 30 Sep 2026, 3:15–4:45 PM.
• Mode: Physical AGM at registered office.
• Manner of voting: E-voting and polling papers at AGM.

Key Resolutions

• 01 Ordinary: Adopt audited Balance Sheet, P&L and reports for year ended 31 March 2026 — Passed.
• 02 Ordinary: Reappoint Meera Tekriwal by rotation — Passed.
• 03 Ordinary: Ratify appointment of M/s Gautam Jain & Co as Auditors — Passed.
• 04 Special: Regularise Kamal Patel's appointment as Director — Not passed.
• 05 Special: Reappoint Anil Jog as Director, age 80 this year — Passed.

Voting Results

• 01 Passed with requisite majority.
• 02 Passed with requisite majority.
• 03 Passed with requisite majority.
• 04 Not passed.
• 05 Passed with requisite majority.

Governance/Appointments

• Auditors ratified: M/s Gautam Jain & Co as statutory auditors.
• Directors: Meera Tekriwal reappointed; Kamal Patel appointment not regularised; Anil Jog reappointed.

Book closure details

• Book closure starts 24 September 2026 and ends 30 September 2026, both inclusive.
• Purpose: AGM.
• AGM date: 30 September 2026.
• Record date: NA.
• Security: Equity shares (EQ).

AGM Details

• AGM scheduled for Wednesday, 30 September 2026, at 3:00 PM at the Registered Office, Pithampur.
• Cut-off date for voting eligibility: 24 September 2026.
• E-voting opens 27 September 2026 at 9:00 AM and ends 29 September 2026 at 5:00 PM.
• Shareholders may vote electronically or at AGM as per the notice.
• Those voting electronically can participate in the AGM but cannot vote by poll.
• Non-electronic voters may cast ballots at the AGM.

Financial performance

• Total income: 57.39 Lakh in FY2025-26, down from 70.31 Lakh.
• Revenue from operations: 55.83 Lakh, up from 50.80 Lakh.
• Profit before tax: −70.00 Lakh; improved from −138.98 Lakh.
• Net loss after tax: −68.04 Lakh; narrower than prior year.
• Basic EPS: −1.40 Rs.
• No dividend declared for 2025-26.
• Cash flow: operating activities −20.00 L; financing activities +19.00 L.
• Net cash increase: 0.39 Lakh; closing cash 5.55 Lakh.
• Share capital: 476.34 Lakh; total equity: −738.97 Lakh.

Operations & revenue mix

• Single segment: HDPE/PP bags manufacturing and trading.
• Revenue sources: PPE bags 25.83 L; rental income 30.00 L.
• Total revenue from operations: 55.83 Lakh.
• Geography: India; no exports in FY2025-26.
• Trade receivables: 292.62 Lakh; allowances 5.82 Lakh.
• Inventories: 13.35 Lakh.
• Borrowings: 668.69 Lakh; lease liabilities: 4.76 Lakh.
• Cash and cash equivalents: 5.55 Lakh.

Balance sheet & liquidity

• Borrowings (non-current): 668.69 Lakh.
• Current ratio: 0.73x.
• Debt-Equity ratio: −0.90x (negative equity).
• Share capital: 476.34 Lakh; equity negative at −738.97 Lakh.
• Trade payables: 4.33 Lakh; other current liabilities: 451.47 Lakh.

Governance & risk

• Board: four directors; MD R.K. Tekriwal; Meera Tekriwal; Anil Jog; Kamal Patel.
• AGM scheduled 30 Sept 2026; approvals include director reappointment and auditor ratification.
• Audit Committee: three directors; meetings held four during year.
• MD certification affirms fairness of financial statements and internal controls.
• Secretarial audit by Ananna Sarkar; notes caution on financial condition.
• Going concern maintained; management plans profitability through business plan.

Related party transactions

• Related parties Bulkpack Exports Ltd and Riddhi Plantation Pvt Ltd involved.
• Sales to Bulkpack: 25.83 L; Purchases from Bulkpack: 19.97 L.
• Rental income to related party: 30.00 L.
• Remuneration to KMP total: 19.20 L.
• Year-end intercompany balances: receivable 305.27 Lakh; payable 39.59 Lakh.

Outlook & notable risks

• Forward-looking statements subject to market and policy risks.
• Key risks: polymer price volatility and foreign exchange fluctuations.
• Opportunities in premium HDPE/PP bags, and export markets; domestic demand growth.
• ALF dues suspension may affect trading; regularisation is in progress.
• Company remains cash-loss making; going concern subject to execution of business plan.

AGM Details

• AGM scheduled for 30 September 2026 at 3:00 PM at the registered office (physical meeting).

Filing details

• Audited Q1 2026-27 results for quarter ended 30 June 2026.
• Board approved results in meeting on 14 August 2026; auditor report included.

Meeting Details

• Board meeting scheduled for 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Review and approve Audited Financial Results for Q1 ended 30 June 2026.

Other Notes

• No trading window closure details provided.

Financial Performance 📊

• Q3 FY26 revenue from operations: Rs 14.12 lakh, up from Rs 12.82 lakh in Q3 FY25.
• Q3 FY26 loss before tax: Rs 2.24 lakh, compared to Rs 0.52 lakh loss in Q3 FY25.
• Nine months FY26 revenue from operations: Rs 41.11 lakh, up from Rs 37.84 lakh in nine months FY25.
• Nine months FY26 loss before tax: Rs 1.83 lakh, compared to Rs 3.21 lakh profit in nine months FY25.
• Q3 FY26 finance costs: Rs 0.14 lakh, stable versus prior periods.
• Q3 FY26 depreciation and amortization: Rs 2.84 lakh, consistent with prior periods.

Earnings & Audit

• Q3 FY26 basic and diluted EPS: Rs (0.05), compared to Rs (0.01) in Q3 FY25.
• Auditor issued unmodified opinion on Q3 and nine months FY26 results.

Business Model & Segments

• Company operates in a single segment: PP Woven Sack Division.