The Board considered and approved the following businesses:
1. Unaudited Standalone Financial Results of the Company for the quarter and half year ended on 30th September, 2026
2. Compliances complied by the Company for the quarter ended 30th June, 2026
3. Other business matters circulated through the Notice of Board Meeting
4. Noted the Hon'ble NCLT order dated 29th October, 2026
5. Discussed personal disputes between Directors (except Non Executive Independent Director) as per Hon'ble NCLT Order dated 29th October, 2026. The personal disputes remain unresolved even after discussion.
Financial Results for Quarter Ended 30th September, 2026
Income Statement Highlights (in lakhs):
- Revenue from operations: ₹2,365.06 (Q2 FY26) vs ₹1,944.00 (Q2 FY25)
- Other Income: ₹14.32 (Q2 FY26) vs ₹14.85 (Q2 FY25)
- Total Income: ₹2,379.38 (Q2 FY26) vs ₹1,958.85 (Q2 FY25)
- Total Expenses: ₹2,290.16 (Q2 FY26) vs ₹1,904.98 (Q2 FY25)
- Profit before tax: ₹89.22 (Q2 FY26) vs ₹53.87 (Q2 FY25)
- Current tax expense: ₹20.62 (Q2 FY26) vs ₹20.00 (Q2 FY25)
- Profit for the period: ₹68.60 (Q2 FY26) vs ₹33.87 (Q2 FY25)
- Basic EPS: ₹1.14 (Q2 FY26) vs ₹0.56 (Q2 FY25)
- Diluted EPS: ₹1.14 (Q2 FY26) vs ₹0.56 (Q2 FY25)
Half-Year Results (April-September 2026):
- Revenue from operations: ₹5,099.14
- Other Income: ₹28.61
- Total Income: ₹5,127.75
- Profit before tax: ₹179.17
- Profit for the period: ₹138.92
- Basic EPS: ₹2.02
- Diluted EPS: ₹2.02
Balance Sheet as at 30th September 2026 (in lakhs):
Assets:
- Non-Current Assets: ₹842.15 (including Property, Plant & Equipment: ₹654.46)
- Current Assets: ₹3,584.29 (including Inventories: ₹1,757.70, Trade Receivables: ₹1,164.83)
- Total Assets: ₹4,426.44
Equity & Liabilities:
- Equity Share Capital: ₹600.00
- Other Equity: ₹2,634.25
- Total Equity: ₹3,234.25
- Non-Current Liabilities: ₹543.52
- Current Liabilities: ₹648.67
- Total Liabilities: ₹1,192.19
- Total Equity & Liabilities: ₹4,426.44
Cash Flow Statement for Half-Year Ended 30th September 2026 (in lakhs):
- Net cash inflow from operating activities: ₹42.73
- Net cash outflow from investing activities: ₹(11.99)
- Net cash outflow from financing activities: ₹25.94
- Net inflow of cash & cash equivalents: ₹56.68
- Cash & cash equivalents opening balance (01.04.2026): ₹(40.04)
- Cash & cash equivalents closing balance (30.09.2026): ₹16.64
NCLT Proceedings
The document includes an order from the National Company Law Tribunal, Ahmedabad (Court-2) dated 29th October, 2026 in matter no. CP/28(AHM)2024 and IA/106(AHM)2025.
Case Details:
- Proceedings under Section 241-242 of Companies Act, 2013
- Sudip Bipinchandra Patel & Others vs Dutron Polymers Limited & Others
- Heard by Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical)
Tribunal Directions:
- The dispute is personal between brothers affecting the listed company's interests
- Both parties directed to attend board meeting convened by R-1 within seven days to resolve personal disputes
- Recording/minutes of the meeting to be filed by R-1 via affidavit
- Company Secretary directed to serve copy of order to BSE if matter not resolved
- Matter listed for further consideration on 10th December, 2026
- Three independent directors directed to file independent report on company affairs to tribunal
Auditor's Review
Krutesh Patel & Associates, Chartered Accountants (Firm Registration No.: 100865W) issued a limited review report confirming:
- Financial results prepared in accordance with Ind AS 34 and Regulation 33 of SEBI Listing Regulations
- Review conducted under SRE 2410 standards
- No material misstatement found in the financial results
- UDIN: 26140047ZJAUDR9668
Additional Information
- The company operates in one business segment: Manufacturing of Plastics Pipes
- Previous period figures have been regrouped/rearranged for comparability
- Results will be published in newspapers as per Regulation 47(1)(b) of SEBI Listing Regulations
- The financial results were reviewed by the Audit Committee and approved by the Board of Directors