Plastiblends India Ltd

AGM Details

• AGM held on 24 August 2026 at 4:00 p.m. via VC/OAVM.
• Quorum was present.

Key Resolutions

• Adoption of Audited Financial Statements for year ended March 31, 2026 (Ordinary).
• Dividend declared: ₹3.00 per share (60%) for year ended March 31, 2026.
• Re-appointment of Varun S. Kabra as Director liable to retire by rotation (Ordinary).
• Re-appointment of Varun S. Kabra as Vice-Chairman and MD for five years (Aug 1, 2026 to Jul 31, 2031) (Special).
• Approval of Remuneration of Cost Auditors for FY 2026-27 (Special).

Voting & Outcomes

• Voting results pending; scrutinizer's report to be declared and placed on exchanges' websites.

AGM Details

• Date/time/mode: 24 Aug 2026, 4:00 PM IST; VC/OAVM
• Remote e-voting window: Aug 21–23, 2026
• Book closure: Aug 18–24, 2026 (inclusive)
• Record date for final dividend: Aug 17, 2026

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for FY2025-26
• Ordinary: Declare dividend at 60% (₹3.00 per share)
• Ordinary: Re-appoint Varun S. Kabra as Director by rotation
• Special: Re-appoint Varun Kabra as Vice-Chairman & MD for five years
• Ordinary: Ratify Cost Auditor remuneration for FY2026-27 (₹1,18,000)

Dividend

• Dividend proposal: ₹3.00 per share (60%), subject to AGM approval

Director Changes

• Varun S. Kabra to retire by rotation; eligible for reappointment

Auditor Appointments

• Cost Auditor: Urvashi Kamal Mehta & Co.; remuneration ₹1,18,000 for FY2026-27

Material Related Party Transactions

• No material related party transactions approved; RPTs were ordinary course and arm's length

Voting Results

• Voting results not disclosed in the filing

Financial results approved

• Unaudited Q1 FY27 results approved for quarter ended 30 June 2026.
• Audit Committee reviewed; Board approved; press release attached.
• Revenue 22,161 lakh; EBITDA 2,434 lakh; PBT 2,023 lakh; PAT 1,495 lakh.
• EBITDA margin 10.98%; PBT margin 9.13%; PAT margin 6.75%.
• Company operates in a single segment: Masterbatches.

Auditor report and disclosures

• Independent Auditor’s Review Report; no material misstatement disclosed.
• Results prepared in accordance with Ind AS 34; prior period figures reconciled.
• Quarterly results are standalone; no consolidation mentioned.

Board & regulatory actions

• Board meeting held on 13 July 2026 to approve results.

Dematerialisation processing and listing

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository's name substituted as registered owner in the records within prescribed timelines.

Meeting Details

• Board meeting scheduled for July 13, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited financial results for the quarter ended June 30, 2026 to be considered and approved.

Key facts

• Target Company: Plastiblends India Limited.
• Disclosing Party: Promoter-group acquirers Varun Satyanarayan Kabra and Jyoti Varun Kabra; Seller Kolsite Corporation LLP.
• Transaction Type: Acquisition of voting rights in Plastiblends India Limited.
• Pre-transaction VR: 1,63,24,730 shares (62.81%).
• Acquired: 1,68,200 shares each by Varun and Jyoti; Sold: 3,36,400 by Kolsite; Mode: Open market.
• Post-transaction VR: Varun 78,96,753; Jyoti 17,65,256; Kolsite 23,03,084 (30.38%, 6.79%, 8.86%).
• Dates: 23 June 2026 to 25 June 2026.
• Share capital: Before/after 259,89,200 equity shares; diluted capital: 259,89,200.