Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 & 33 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Clean opinion - Statutory Auditors conducted limited review and reported nothing has come to their attention that causes them to believe the statements contain material misstatements.
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Revenue from Operations: ₹2,526.81 (Q1 FY26: ₹2,166.81, -6.7% YoY)
Total Income: ₹2,741.34 (Q1 FY26: ₹2,325.35, -6.3% YoY)
Net Profit: ₹68.72 (Q1 FY26: ₹105.46, -34.8% YoY)
EPS: ₹0.05 (Basic and Diluted) (Q1 FY26: ₹0.08 Basic, ₹0.07 Diluted)
Other Equity: Not specified in standalone results
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Consolidated Results:
Revenue from Operations: ₹2,534.28 (Q1 FY26: ₹2,166.81)
Total Income: ₹2,741.34 (Q1 FY26: ₹2,325.35)
Net Profit: ₹69.32 (Attributable to owners: Not split) (Q1 FY26: ₹105.19)
EPS: ₹0.05 (Basic and Diluted) (Q1 FY26: ₹0.08)
Other Equity: ₹7,000.71 (as of March 31, 2026)
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Segment-wise Performance:
Based on Ind AS-108, the company's business activity falls within a single operating segment: manufacturing of plastic products and trading of plastic products, plastic granules LLDPE and scraps of plastics. No separate segment disclosure provided.
Corporate Actions:
- The Board of Directors approved a stock split from face value of ₹10 per equity share to ₹1 per equity share, approved on March 25, 2026, and by shareholders on April 18, 2026
- Record date for stock split: May 05, 2026
- New ISIN: INE652201025 effective from ex-date May 05, 2026
- On April 18, 2026, the company allotted 1,06,090 equity shares pursuant to conversion of warrants
- 4,24,361 warrants lapsed due to non-receipt of balance 75% issue price, with ₹135.00 lakhs forfeited
Other Significant Information:
- During the quarter, the company sold Property, Plant and Equipment (including CWIP) amounting to ₹1,261.98 lakhs to its wholly-owned subsidiary AVRO Recycling Limited
- Other income includes commission income of ₹25.90 lakhs (₹201.62 lakhs in previous quarter, ₹81.19 lakhs in year-ago quarter)
- The figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published year-to-date figures up to December 31, 2025