Promact Impex Ltd

Promact Plastics Limited: Trading Window closed from 1st October, 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter ended on 30th September, 2026.

Price movement clarification

• Shares movement is market-driven; management is not connected to price changes.
• All material information disclosed within regulatory timelines; no outstanding announcements.
• The company will continue to make applicable disclosures within the stipulated time.

MD Reappointment Approved

• Shareholders approved re-appointment of Mr. Ankit J. Patel as Managing Director for three years from 17 July 2026.
• Approval was accorded via Special Resolution at the 42nd AGM on 14 September 2026.
• Effective from 17 July 2026, tenure is three years.
• He shall be liable to retire by rotation.
• Shareholding of the MD: 481,939 equity shares (7.40%).
• No other listed directorships held; none in past three years.
• Relation: relative of Ms. Nikita J. Patel.

Independent Directors appointed

• Appointment of Prakashchandra D. Patel as Non-Executive Independent Director; 5-year term (29 Jul 2026–28 Jul 2031).
• Profile: 39-year finance/banking veteran.
• Appointment of Babubhai H. Patel as Independent Director; 5-year term (29 Jul 2026–28 Jul 2031).
• Profile: 56-year banking/finance veteran.
• Not related to other Directors.
• Not debarred by SEBI or authorities.

AGM details

• AGM held on 14 September 2026 at 3:00 PM IST via VC/OAVM.
• Deemed venue: registered office; no physical attendance.
• Remote e-voting from 11 to 13 September 2026; cut-off date 7 September 2026.
• Notice dated 29 July 2026; six resolutions were placed.

Resolutions put to vote

• Resolution 1: Adoption of Audited F/S for FY2026; Ordinary; passed.
• Resolution 2: Re-appointment of Ankit J. Patel as Director by rotation; Ordinary; passed.
• Resolution 3: Appointment of Kashyap R. Mehta & Partners as Secretarial Auditors for five years; Ordinary; passed.
• Resolution 4: Re-appointment of Ankit J. Patel as MD for three years; Special; passed.
• Resolution 5: Appointment of Prakashchandra D. Patel as Independent Director for five years; Special; passed.
• Resolution 6: Appointment of Babubhai H. Patel as Independent Director for five years; Special; passed.

Voting results by resolution

• Resolution 1: 99.99% in favour, 0.01% against; passed.
• Resolution 2: 99.55% in favour, 0.45% against; passed.
• Resolution 3: 99.99% in favour, 0.01% against; passed.
• Resolution 4: 99.55% in favour, 0.45% against; passed.
• Resolution 5: 99.55% in favour, 0.45% against; passed.
• Resolution 6: 99.55% in favour, 0.45% against; passed.

Auditors and director changes

• Secretarial Auditor appointed for five-year term (M/s Kashyap R. Mehta & Partners).
• MD re-appointment for 3 years (17 Jul 2026–16 Jul 2029).
• Independent Directors appointed: Prakashchandra D. Patel; Babubhai H. Patel; five-year terms.

AGM Details

• AGM held via VC/OAVM on 17 September 2026 from 3:00 PM to 3:20 PM IST.
• Meeting conducted without physical venue; attendance via VC/OAVM.
• Notice read; e-voting facility provided to members.

Key Resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026; Ordinary.
• Re-appointment of Ankit J. Patel as Director by rotation; Ordinary.
• Appointment of Kashyap R Mehta & Partners as Secretarial Auditors for 2026-27 to 2030-31; Ordinary.
• Re-appointment of Ankit J. Patel as Managing Director for 3 years (Jul 17, 2026–Jul 16, 2029); Special.
• Appointment of Prakashchandra D. Patel as Non-Executive Independent Director for 5 years from 29 Jul 2026; Special.
• Appointment of Babubhai H. Patel as Non-Executive Independent Director for 5 years from 29 Jul 2026; Special.

Voting Status

• E-voting results to be declared within 2 working days of AGM.

Director Changes

• Ankit J. Patel re-appointed as Managing Director for a 3-year term (Jul 17, 2026–Jul 16, 2029).
• Ankit J. Patel re-appointed as Director by rotation.
• Prakashchandra D. Patel appointed as Non-Executive Independent Director for 5 years from 29 July 2026.
• Babubhai H. Patel appointed as Non-Executive Independent Director for 5 years from 29 July 2026.

Auditor Appointments

• Secretarial Auditor: M/s Kashyap R. Mehta & Partners appointed for five years (2026-27 to 2030-31).

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.