Promact Impex Ltd

Financial snapshot

• Revenue from operations: 16.14 lakh in 2025-26, down from 91.44 lakh in 2024-25.
• Total income: 17.48 lakh in 2025-26.
• Profit before tax: -72.42 lakh.
• Profit after tax: -72.42 lakh.
• Earnings per share: -1.11; weighted average shares: 65,11,800.
• Cash flow from operations: 399.60 lakh.
• Net worth: -255.18 lakh; total assets: 688.19 lakh.

Capital structure & liquidity

• Equity share capital: 651.18 lakh; authorized capital: 700.00 lakh.
• Debt-equity ratio: 1.44; current borrowings: 54.55 lakh.
• Current assets: 511.74 lakh; current liabilities: 943.37 lakh.
• No long-term borrowings; no working capital facilities availed.
• Dividend not declared.

Operations & segment overview

• Industry: HDPE/PP woven fabrics and agro commodity trading.
• Single operating segment; revenue reported under Sales & Working Results.
• Core manufacturing discontinued; revenue from trading, rent, and interest.
• Revenue from domestic operations: 16.14 lakh; exports: nil.

Governance & board changes

• MD reappointed: Ankit J. Patel for 3 years (17 Jul 2026–16 Jul 2029).
• Independent Directors Prakashchandra D. Patel and Babubhai H. Patel appointed 29 Jul 2026.
• Directors Akash D. Patel and Krunalkumar P. Patel resigned w.e.f 29 Jul 2026.
• Audit Committee reconstituted; Prakashchandra D. Patel as Chairman; Babubhai H. Patel and Ankit J. Patel as members.

Auditors & compliance

• Statutory auditors: Fenil P Shah & Associates.
• Secretarial auditors: Kashyap R. Mehta & Partners; fees up to ₹50,000 for 2026.
• Secretarial report attached; no material qualifications.

Risks & outlook

• Cash losses of ₹65.89 lakh; negative net worth; going concern acknowledged.
• Industry faces intense competition and cheap raw materials.
• EU exports affected by antidumping duties; outlook depends on market openings.

Shareholding & comparative context

• Promoter/promoter group holds a substantial stake; promoter group total 39.43%.
• Shares outstanding: 65,11,800; face value ₹10 each.
• Top holders collectively control a meaningful portion of equity.

Financial results approved

• Board approved unaudited standalone results for quarter ended 30 Jun 2026; reviewed by Audit Committee.
• Integrated Filing for quarter ended 30 Jun 2026 filed under SEBI LODR Regulation 33.
• Revenue from operations: 512.29 Lakh; Other income: 22.99 Lakh; Total income: 535.28 Lakh.
• Total expenses: 516.06 Lakh; PBT before exceptional items: 19.22 Lakh.
• Tax expense: current 333.70 Lakh.
• Profit after tax: 1645.04 Lakh.
• Total comprehensive income: 1645.04 Lakh; EPS: 25.26.
• Promact operates in a single segment; no subsidiary.

Auditor and disclosures

• Statement of unaudited results reviewed by Fenil P. Shah & Associates; no audit opinion.
• Notes confirm no subsidiary; year-end figures reconciled as per notes.

Appointments/Resignations

• Reappointed Ankit J. Patel as MD for three years from 17 July 2026, subject to AGM approval.
• Effective from 17 July 2026; subject to shareholders' approval at the ensuing AGM.
• Profile: Bachelor of Computer Science & Engineering (USA); extensive import/export, technology, and administration experience.
• Shareholding: holds 4,81,939 equity shares (7.40%).
• No other listed directorships; related to director Nikita J. Patel.
• Not debarred from director position by SEBI or other authority.
• Liable to retire by rotation.
• Approval awaits member consent at upcoming 42nd AGM.

Dematerialisation processing and listing

• Dematerialisation requests processed; confirmations (accepted/rejected) sent to depositories for quarter ended 30 June 2026.
• Securities dematerialised were listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timeline.