Vinayak Polycon International Ltd

Vinayak Polycon International Limited — Trading Window closed from Oct 01, 2026 till the expiry of 48 hours after the declaration of Un-audited standalone financial results of the Company for the quarter ended September 30, 2026

AGM Details

• Date: 12-09-2026
• Time: 11:00 AM to 11:41 AM
• Mode: VC/OAVM
• Record date: 05-09-2026
• Postal ballot last date: 12-09-2026

Key Resolutions

• Ordinary Resolution: Adopt audited financial statements for FY 2026 and reports; passed with 100% in favour.
• Ordinary Resolution: Re-appoint Vikram Baid as director by rotation; passed with 100% in favour.

Director Changes

• Vikram Baid re-appointed as director by rotation.

AGM Details

• Held on 12 September 2026 at 11:00 AM IST via Video Conferencing / OAVM.
• Chairman: Bharat Kumar Baid, Managing Director.
• Quorum confirmed; meeting concluded at 11:41 AM.

Governance & Audit

• Standalone 2025-26 audit: no qualifications, reservations, adverse remarks, or disclaimer.
• Secretarial audit 2025-26: no qualifications, observations, or adverse remarks.
• Scrutinizer Manoj Maheshwari appointed to scrutinize votes.

Voting & Results Process

• Voting results to be disseminated on company website and communicated to stock exchange.
• Remote e-voting facility provided; AGM attendees could vote via NSDL e-voting system.
• Scrutinizer to unblock votes and prepare consolidated report after the AGM.

AGM notice and AR access

• 17th AGM scheduled for 12 Sep 2026 at 11:00 IST via VC/OAVM.
• Annual Report for FY2025-26 available at https://www.vinayakpolycon.com/sites/default/files/AnnualReport2025-26.pdf and on NSDL/BSE sites.
• Notice of AGM and Annual Report emailed to registered members; non-registered members urged to update email address.

Financial performance

• Total revenue for year ended 31 Mar 2026: 1993.14 Lakhs.
• PAT after tax: 5.18 Lakhs; net margin 0.26%.
• EPS: 0.17; basic and diluted.
• Domestic revenue 1989.98 Lakhs; other income 3.16; total income 1993.14.
• YoY: revenue down from 2119.74 to 1993.14; PAT down from 22.48.
• PBT 13.69; tax 8.51; PAT 5.18.
• Dividend not declared for FY2025-26.

Operations & segment

• Single segment: Manufacturing and trading of PET products.
• Manufacturing units: Chennai and Jaipur.
• PAT declined due to end-year raw material price surge; pass-through constrained.
• No change in business nature; focus on capacity upgrades and efficiency.
• Debtors turnover: 7.59; Inventory turnover: 4.72; Current ratio improved.

Dividends & reserves

• No dividend declared; no transfer to General Reserve.
• Retained earnings: 167.61; General Reserve: 30.40; Total equity: 506.14.
• Share capital: 30.81 million shares; authorized 32.5 million.
• Lower PAT affects ROE; no dividend policy change indicated.

Capital structure & liquidity

• Total debt: 500.40; Total equity: 506.14; Debt/Equity: 0.99.
• Bank borrowings: cash credit 310.24; term loan 78.84; current maturities 30.00.
• CFO: -32.29; net cash from financing: +109.35; investing: -38.95.
• Cash & cash equivalents at year-end: 40.67; assets pledged: 1,004.40 total.

Governance & internal controls

• Samta Baid reappointed; Vikram Baid reappointed; Mahendra Bhandari Singh resigned 18 Aug 2025.
• Committees: Audit, Nomination & Remuneration, Stakeholders; reconstituted 13 Aug 2025; 3 members each.
• Statutory Auditor: A Natani & Co; Secretarial Auditor: V.M. Associates; Internal Auditor: Manish Damodar & Co.
• Independent Directors' meeting May 30, 2025; evaluation satisfactory.

Related party transactions

• Purchases from Crystal Packaging: 249.85 Lakhs; Sales: 8.60.
• Services from Jai Sinter Polycon: 32.94; Rent from Mrs. Vinod Baid: 8.58; Rent to Jai Sinter: 24.00.
• KMP remuneration: Bharat Baid 30.01; Shikha Natani 5.01; Vikram Baid 28.55.
• Sitting fees: 0.06/0.04/0.08; Outstanding: Bharat 0.48; Shikha 0.40; Vikram 0.83.

Audit, risk & controls

• IFC adequate; no material weaknesses; unmodified auditor's report.
• Financial risk: market, liquidity, credit; leverage monitored.
• Ind AS 24 disclosures; related party policy on company website.

Outlook & CSR

• Outlook is positive; growth through production upgrades and efficiency gains.
• CSR under Section 135 not applicable; focus on energy and environmental policy.

AGM Details

• AGM on 12 Sep 2026 at 11:00 AM via Video Conferencing/OAVM.
• Deemed venue: Registered office Jaipur.
• Register of Members and Share Transfer Books closed 6–12 Sep 2026.
• Remote e-voting window: 8–11 Sep 2026; cut-off date: 5 Sep 2026.

Ordinary Business

• Adopt audited financial statements for year ended 31 March 2026 and Reports.
• Re-appoint Vikram Baid as Director, liable to rotation.

Director details

• Proposed re-appointment: Vikram Baid as Executive Director & CFO.
• Remuneration last drawn: Rs 23.40 lakh; max Rs 4.0 lakh/month.
• Shares held: 292,363 as of Aug 1, 2026.
• Attendance: 4 of 4 board meetings in FY2025-26.
• Relationship: husband of Samta Baid; son of Bharat Baid.

Voting mechanics

• Remote e-voting allowed from 8 Sep to 11 Sep 2026; results at AGM.
• Scrutinizer to consolidate votes; results within two working days.

Dematerialisation processing and record updates

• Securities received for dematerialisation were confirmed (accepted/rejected) to depositories within 15 days.
• Certificates for dematerialisation were mutilated and cancelled after verification within 15 days.
• Depositories' names substituted as registered owner in the register of members within 15 days.
• Updates to depository and all listed stock exchanges within 15 days.
• Register of Members updated accordingly.

Board outcome

• 📍 Board approved standalone audited financial statements for FY26 and Q4 FY26.
• 📍 Audited financial results and statutory auditor report were enclosed.
• 📍 Audit opinion was unmodified, with declaration of impact of audit qualifications.