Prima Plastics Ltd

Public notice: SEBI reopening of special window for re-lodgement of physical share transfers

• Public notices published Aug 14, 2026 in Financial Express (English) and Vartman Pravah (Gujarati) per SEBI circular.
• Notice announces reopening of the special window for re-lodgement of physical share transfer requests.
• Pursuant to SEBI Circular HO/38/13/11(2)2026 dated January 30, 2026.
• Information also available on Prima Plastics' website.
• No governance or financial action disclosed; this is regulatory compliance.

AGM Details

• AGM held on Aug 10, 2026 at 11:00 IST via VC/OAVM.
• Cut-off date for entitlement: Aug 3, 2026.
• Remote e-voting: Aug 7–9, 2026; AGM e-voting on Aug 10, 2026.
• Votes unblocked around 11:50 IST on Aug 10, 2026.

Resolutions Put to Vote

• Adoption of financial statements (Ordinary).
• Declaration of dividend (Ordinary).
• Appointment by rotation of Dilip Manharlal Parekh (Ordinary).
• Increase remuneration for Shriya V. Chaudhary (Related Party Transaction) (Ordinary).
• Approval to provide Corporate Guarantee under Section 186 (Special).

Voting Results by Resolution

• Adoption of financial statements — Passed; 99.99% assent, 0.01% dissent.
• Declaration of dividend — Passed; 99.99% assent, 0.01% dissent.
• Appointment by rotation — Passed; 99.99% assent, 0.01% dissent.
• Remuneration increase for related party — Passed; 98.18% assent, 1.82% dissent.
• Corporate Guarantee under Section 186 — Passed; 99.70% assent, 0.30% dissent.

Material Governance Matters

• Related Party Transaction approved: remuneration increase for related party.
• Corporate Guarantee under Section 186 approved.

Financial highlights

• Board approved standalone and consolidated unaudited results for quarter ended June 30, 2026.
• Standalone Revenue from Operations: 1,683.83 Lakhs; Total Income: 3,425.66 Lakhs.
• Standalone Other Income: 1,741.83 Lakhs.
• Standalone Profit before tax from continuing operations: 1,698.43 Lakhs.
• Standalone Tax expenses: 389.79 Lakhs.
• Standalone Net Profit after tax from continuing operations: -1,308.64 Lakhs.
• Company is exclusively in plastic articles; no reportable segments per Ind AS 108.
• Discontinued operations reflect Rotational Moulding demerger to PIL; results re-presented.
• Auditors' review: unmodified; some foreign subsidiary data not reviewed.

Demerger details

• Rotational Moulding business demerged to Prima Innovation Limited (PIL).
• Demerger effective March 31, 2026; appointed date July 1, 2024.
• Discontinued operations include Rotational Moulding; prior period figures re-presented.

AGM Details

• Date, time, mode: Aug 10, 2026 at 11:00 IST using VC/OVAM.
• Remote e-voting: Aug 7–9, 2026; voting allowed 15 minutes post AGM.
• Meeting concluded at 11:35 IST.

Resolutions

• Resolution 1 (Ordinary): Adoption of Financial Statements.
• Resolution 2 (Ordinary): Declaration of dividend.
• Resolution 3 (Ordinary): Appointment of Dilip Manharlal Parekh as Director, liable to retire by rotation.
• Resolution 4 (Ordinary): Increase remuneration for Shriya V. Chaudhary; related party transaction.
• Resolution 5 (Special): Approval for corporate guarantee under Section 186.

Voting status

• Voting results to be intimated to BSE and posted on company and CDSL websites.

Director changes

• Director changes: Dilip Manharlal Parekh appointed as director, to retire by rotation.

Rating Action Details

• Total bank facilities rated: Rs 60 crore.
• Long-term rating: Crisil BBB+/Stable; watch removed; reaffirmed.
• Short-term rating: Crisil A2; watch removed; reaffirmed.
• Outlook: Stable for the long-term rating.
• Banks involved: Kotak Mahindra Bank and Axis Bank.
• Facility breakdown: Cash Credit 18.5 Cr, Term Loan 18 Cr, Working Capital 20 Cr.
• Validity: Ratings valid until March 31, 2027; July 28, 2026 action.

AGM & AR filing

• AGM: 10 August 2026, 11:00 AM IST, via VC/OAVM.
• Annual Report for FY2025-26 attached and emailed to Members.
• E-voting cut-off: 3 Aug 2026; remote voting 7–9 Aug 2026.
• Notice and AR available on company website and BSE portal.
• Proxy facility not available for this AGM; attendance via VC/OAVM only.

Demerger & group structure

• NCLT Ahmedabad approved Rotational Moulding demerger to PIL on 16 Mar 2026.
• Demerger effective 31 Mar 2026; assets/liabilities transferred at book values.
• PIL ceased to be a wholly owned subsidiary as of 31 Mar 2026.
• Prima Union Plasticos S.A. remains a 90% subsidiary; Prima Dee-Lite Plastics SARL 50% JV.
• Annexure I lists subsidiaries and joint ventures.

Financial highlights

• Standalone continuing revenue: 8,664.59 L, up 7.0%.
• Standalone EBITDA: 1,529.63 L, up 25.85%.
• Standalone PAT: 843.75 L.
• Consolidated revenue: 15,980.67 L, up 12.02%.
• Consolidated EBITDA: 3,730.66 L, up 9.30%.

Dividend & capital allocation

• Final dividend proposed: Rs 2 per share (20%).
• Total dividend payable: Rs 220.01 L.
• Paid-up equity share capital: Rs 1,100.05 L (11,000,470 shares).
• Promoter holding: 58.27% as of 31 Mar 2026.
• CRISIL rating: BBB+/Watch Developing; Short-term: A2/Watch Developing.

Governance & audit

• Board size: 6 directors, 3 independent.
• Statutory auditor: CNK & Associates LLP; Secretarial auditor: P. Diwan.
• Internal auditor: Shah Valera & Associates (appointed 2026-27).
• Independent directors held meetings; declarations of independence.
• Auditors’ report: unmodified; no material weaknesses.

CSR & sustainability

• CSR expenditure: Rs 10.11 L; CSR Committee met 3 times.
• CSR policy disclosed on company website; impact assessment not applicable.
• CSR focus areas include healthcare, heritage, scientific research, rehabilitation.

Risks & outlook

• Global macro risks: energy shocks, inflationary pressures.
• FX volatility and raw-material price swings impacting margins.
• Indian growth remains resilient; focus on premium products and digital channels.

Special window for physical transfers

• Window open from 2026-02-05 to 2027-02-04 for pre-2019 physical transfers.
• Lodgement to be made with Bigshare Services Private Limited (RTA) in Mumbai.
• Re-lodged transfers issued only in dematerialised form during the window.
• Applies to transfers previously rejected or returned due to deficiencies.

AGM and dividend notice

• 32nd AGM scheduled for 10 Aug 2026 at 11:00 IST via VC/DAVM.
• Notice and Annual Report to be sent electronically; available on company and exchange websites.
• Final dividend proposed: Rs 2 per share on a face value of Rs 10; subject to approval.
• Register of Members and share transfers closed 4–10 Aug 2026.
• E-voting period from 14 Jul 2026 to 12 Aug 2026; results by 14 Aug 2026.