Polymac Thermoformers Ltd

Polymac Thermoformers Ltd – Trading Window closure from 01 October 2026 till 48 hours after the declaration of Un-audited Financial Results for the half year ended 30 September 2026

Internal Auditor Appointment

• Internal Auditor appointed: Abhay Kumar Pathak of A.K. Pathak & Co. for FY 2026-27, effective 02 Sep 2026.
• Profile: ICAI Fellow with experience in finance, accounts, and taxation.
• Recommended by Audit Committee.
• Not related to any director.

AGM details

• Physical meeting held with remote e-voting and ballot voting.
• Date: late August 2026.
• Start time: around 1:00 PM; end around 3:15 PM.
• Record date disclosed.

Key resolutions and outcomes

• Resolution 1: Adopt audited financial statements and reports; passed unanimously.
• Resolution 2: Re-appoint director by rotation; passed unanimously.
• Resolution 3: Re-appoint statutory auditors for five years; passed unanimously.
• Resolution 4: Appoint a non-executive director; passed unanimously.
• Resolution 5: Appoint an independent director; passed unanimously.

Dividend and related actions

• Dividend not proposed or declared; no amount specified.

Director/auditor movements

• New non-executive director appointed; new independent director appointed; re-appointment of auditors.

AGM Details

• Held physically on 27 August 2026 at 01:00 PM at 29A Weston Street, Kolkata.
• Remote e-voting available 24-26 August 2026; ballot voting at AGM.

Resolutions

• Ordinary: Adopt audited financial statements and related board and auditor reports.
• Ordinary: Re-appoint Mrs Neha Modi as Director (retiring by rotation).
• Ordinary: Re-appoint Statutory Auditors.
• Special: Appoint Mr Puspjeet Kumar as Non-Executive Director (Non-Independent).
• Special: Appoint Mr Titas Bose as Independent Director.

Voting Status

• Results of remote e-voting and ballot voting to be declared within two working days.
• Results to be displayed on the company website and communicated to exchanges.

Director Changes

• Neha Modi reappointed as Director (retiring by rotation).
• Puspjeet Kumar appointed Non-Executive Director.
• Titas Bose appointed Independent Director.

Auditor Appointments

• Statutory Auditors to be re-appointed.

Book closure & AGM details

• Book closure: 21 August 2026 to 27 August 2026 (inclusive) for AGM.
• Purpose: Annual General Meeting of Polymac Thermoformers Limited.
• Record date: 20 August 2026; determines voting rights and eligibility for e-voting/ballot.
• AGM date: 27 August 2026 at 01:00 PM.
• Security: Equity shares.
• Remote e-voting period: 24 August 2026, 09:00 AM to 26 August 2026, 05:00 PM.
• Dividend: No dividend declared for the current year.

AGM Details

• AGM date/time/place: 27 August 2026, 01:00 PM, at 29A Weston Street, Kolkata.
• Mode: physical meeting with remote e-voting and ballot voting at the venue.
• Record date: 20 August 2026; Book closure: 21-27 August 2026.

Key Resolutions

• Ordinary Business: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary Business: Re-appoint Neha Modi as Director, retiring by rotation.
• Ordinary Business: Re-appoint Statutory Auditors until the 32nd AGM (2031).
• Special Business: Appoint Puspjeet Kumar as Non-Executive Director (Non-Independent).
• Special Business: Appoint Titas Bose as Independent Director for five years.
• Board authorized to file requisite forms to give effect to these appointments.

Voting Results

• Voting results for resolutions are not disclosed in the filing.

Dividend

• Dividend: Directors do not recommend any dividend for the year.

Director Changes

• Sunita Shroff resigned as director on 28 October 2025.
• Neha Modi appointed as director on 7 November 2025.
• Puspjeet Kumar resigned on 14 February 2026.
• Jitendra Kumar Modi appointed as director on 16 February 2026.
• AGM filings propose Puspjeet Kumar as Non-Executive Director and Titas Bose as Independent Director.

Auditor Appointments

• Statutory auditors reappointed to hold office till the 32nd AGM (2031).

Material Related Party Transactions

• All related party transactions were at arm's length and in the ordinary course.
• Disclosures of related party transactions appear in Annexure II.

Other Material Approvals

• No other material approvals disclosed for the AGM.

Financial Performance

• Revenue from operations rose to ₹13.14 crore in FY2025-26 from ₹8.57 crore prior year.
• Total income ₹13.45 crore in FY2025-26; ₹9.20 crore prior year.
• Total expenses ₹13.39 crore; net profit after tax ₹0.12 crore.
• Net profit after tax declined to ₹0.12 crore from ₹0.44 crore.
• EPS (Basic/Diluted) ₹0.02 vs ₹0.09.
• Cash flow: operating cash flow negative ₹1.91 crore; financing cash flow ₹2.71 crore.
• Equity capital ₹4.7816 crore; reserves ₹5.9079 crore; total equity ₹10.6895 crore.
• Current ratio 1.91x; debt-equity 0.43x.
• No subsidiaries or joint ventures.

Capital Structure & Liquidity

• Long-term borrowings ₹0.784 crore; short-term borrowings ₹3.795 crore.
• Trade payables ₹1.1533 crore; MSME dues NIL.
• Inventories ₹4.5883 crore; trade receivables ₹2.4537 crore.
• Cash and cash equivalents ₹0.5185 crore.
• No new equity issued; share capital remained ₹4.7816 crore.

Governance & Board Changes

• Board of four directors as on 31.03.2026: Jitendra Kumar Modi, Neha Modi, Pramod Kumar Agrawal, Abhay Goenka.
• Sunita Shroff resigned Oct 28, 2025; Neha Modi appointed Nov 7, 2025.
• Puspjeet Kumar appointed Non-Executive Director on 29 May 2026.
• Titas Bose appointed Independent Director from 23 Jun 2026 for five-year term.
• Audit Committee: Abhay Goenka (Chairman), Pramod Agrawal, Neha Modi; all financially literate.
• Board met nine times during the year; gaps not more than 120 days.

Related Party Transactions

• Annexure II discloses material related-party transactions.
• Advances to Yaduka Agrotech Ltd: ₹75.9056 million.
• Advances to Homiton Houseware Pvt Ltd: ₹21.701 million.
• Advances received from Yaduka Agrotech Ltd: ₹98.6337 million.
• Advances received from Homiton Houseware Pvt Ltd: ₹3.50 million.
• Outstanding related-party advances at year-end: ₹6.537 million.

Audit & Internal Controls

• Statutory auditors M/s Pankaj Verma & Associates appointed until AGM 2031.
• Secretarial Auditor Hemant Sharma & Associates; five-year term.
• Internal Auditor Prem Suman; engaged for 2025-26.
• Auditors’ report: no qualifications; no fraud reported.
• Structured Digital Database in place; UPSI captured with access controls and 8-year audit trail.

Risk Management & MD&A

• Risk management policy exists and is regularly updated.
• MD&A presented in Annexure VI; discusses opportunities and principal risks.

Shareholder Information & AGM

• Twenty-Seventh AGM fixed for 27 August 2026 at 1:00 PM.
• Record date 20 August 2026; book closure 21-27 August 2026.
• Remote e-voting window: 24-26 August 2026; ballot at AGM.
• Share transfer via RTA Purva Sharegistry; dematerialisation encouraged.
• Promoter holding 19.55% (9,34,950 shares); total shares 4,781,600.

ESG & Compliance

• Conservation of energy, technology absorption, and foreign exchange NIL.
• Sexual Harassment Committee: no complaints in 2025-26.
• SME listing on BSE; LODR exemption applicable; governance disclosures on company website.

Non-convertible securities status

• There were no outstanding non-convertible securities during the quarter ended 30 June 2026.
• No payments due on non-convertible securities during the quarter.
• There were no unpaid interest, dividend, or principal obligations at quarter-end.

Dematerialisation status

• Dematerialisation requests processed and confirmed to depositories during the quarter.
• Securities dematerialised were listed on the stock exchanges where earlier issued securities are listed.
• Physical certificates dematerialised were mutilated and cancelled after verification; depository's name substituted as registered owner within timelines.