Key Decisions and Approvals

The Board of Directors, in a meeting held from 01:59 PM to 03:43 PM on October 29, 2026, considered and approved the following:

1. Approval of Financial Results: The Un-audited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2026, along with the Limited Review Report issued by the statutory auditors, M/s R. Daliya & Associates, Chartered Accountants (Firm Registration Number: 102060W).

2. Acquisition Proposal: Approved the proposal for the acquisition of 50% of the equity share capital of Britpac AB (trading as "FortaPac"), Sweden, by Zastian Pte. Ltd., Singapore, a wholly-owned subsidiary of the Company.

Detailed Financial Results - Standalone (Rs. in Million, except per share data)

For the Quarter Ended September 30, 2026:

  • Net Sales/Income from Operations: Rs. 1,359.89
  • Total Income from Operations: Rs. 1,360.87
  • Profit Before Tax (PBT): Rs. 37.59
  • Tax Expense: Rs. 9.82 (Current Tax: Rs. 8.19; Deferred Tax: Rs. 1.63)
  • Profit for the Period (Net Profit): Rs. 27.78
  • Earnings Per Share (EPS): Basic Rs. 1.44 | Diluted Rs. 1.44

For the Half Year Ended September 30, 2026:

  • Net Sales/Income from Operations: Rs. 2,506.35
  • Total Income from Operations: Rs. 2,508.57
  • Profit Before Tax (PBT): Rs. 53.80
  • Tax Expense: Rs. 13.52 (Current Tax) + Rs. 3.23 (Deferred Tax) = Rs. 16.75
  • Profit for the Period (Net Profit): Rs. 47.05
  • Earnings Per Share (EPS): Basic Rs. 2.45 | Diluted Rs. 2.45

Comparative Figures (Quarter):

  • Q2 FY26 (Sep 30, 2025) Net Profit: Rs. 29.68 million
  • Q1 FY27 (Jun 30, 2026) Net Profit: Rs. 19.28 million

Comparative Figures (Half Year):

  • H1 FY26 Net Profit: Rs. 46.68 million
  • Full Year FY26 (Mar 31, 2026) Net Profit: Rs. 81.11 million

Standalone Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: Rs. 5,009.51 Million (vs. Rs. 4,584.02 Million on Mar 31, 2026)
  • Inventories: Rs. 1,435.42 Million
  • Trade Receivables: Rs. 1,353.44 Million
  • Borrowings (Non-Current): Rs. 489.23 Million
  • Borrowings (Current): Rs. 1,438.97 Million
  • Total Equity: Rs. 2,037.62 Million
  • Paid-up Equity Share Capital: Rs. 192.40 Million (Face Value Rs. 10/- each)

Standalone Cash Flow (H1 FY27)

  • Net Cash From Operating Activities: Rs. 13.62 Million
  • Net Cash Used In Investing Activities: Rs. (218.68) Million
  • Net Cash From Financing Activities: Rs. 201.14 Million
  • Net Decrease in Cash: Rs. (3.92) Million
  • Cash & Cash Equivalents at period end: Rs. 27.59 Million

Detailed Financial Results - Consolidated (Rs. in Million, except per share data)

For the Quarter Ended September 30, 2026:

  • Net Sales/Income from Operations: Rs. 1,367.24
  • Total Income from Operations: Rs. 1,368.10
  • Profit Before Tax (PBT): Rs. 34.96
  • Tax Expense: Rs. 9.82 (Current Tax: Rs. 8.19; Deferred Tax: Rs. 1.63)
  • Profit for the Period Attributable to Owners: Rs. 25.14
  • Earnings Per Share (EPS): Basic Rs. 1.31 | Diluted Rs. 1.31

For the Half Year Ended September 30, 2026:

  • Net Sales/Income from Operations: Rs. 2,524.94
  • Total Income from Operations: Rs. 2,526.91
  • Profit Before Tax (PBT): Rs. 63.71
  • Tax Expense: Rs. 13.52 (Current Tax) + Rs. 3.23 (Deferred Tax) = Rs. 16.75
  • Profit for the Period Attributable to Owners: Rs. 46.96
  • Earnings Per Share (EPS): Basic Rs. 2.44 | Diluted Rs. 2.44

Subsidiaries Included in Consolidation:

1. Holding Company: Emmbi Industries Limited

2. Subsidiary: Zastian PTE. Limited

3. Step-down Subsidiary: Zastian Europe GMBH (Germany)

The auditors noted that the financial results of the foreign subsidiaries (located outside India) were not reviewed but were converted to Indian accounting principles by management and were not considered material to the Group.

Acquisition Details (Annexure-B)

The Board approved the acquisition of 50% equity share capital of Britpac AB (FortaPac), Sweden, by its wholly-owned subsidiary, Zastian Pte. Ltd., Singapore.

  • Target Entity: Britpac AB, Sweden (trading as "FortaPac")
  • Business: Purchasing and selling industrial and reusable packaging; owning and managing real estate and securities.
  • Acquisition Structure: Not a related party transaction.
  • Consideration: Cash consideration of approximately GBP 1,025 for 12,500 equity shares (50% of issued capital).
  • Purpose: To strengthen the Company's international presence and expand business operations internationally.
  • Approvals Required: Subject to statutory, regulatory, and governmental approvals in India, Singapore, and Sweden, including requirements under FEMA 1999 and RBI regulations.
  • Target Status: The company is incorporated in Sweden with an issued capital of SEK 25,000 (25,000 shares of SEK 1 each) but has not yet commenced trading operations.
  • Timeline: Completion is expected upon execution of the Share Purchase Agreement (SPA) and fulfillment of conditions precedent, subject to necessary approvals.

Notes to Financial Statements

1. The entire operation of the Company relates to only one segment: Polymer-based multiple products.

2. Exceptional Item: During the quarter, the company booked a loss of raw material and finished goods due to floods in Silvassa, where the company's plants and operations are situated. As the Company has full insurance cover, a claim has been filed and is under process. The loss amount was not quantified in the disclosure.

3. Figures for previous periods have been re-grouped/re-worked/re-arranged for comparability.

Compliance and Filing

  • The financial results were reviewed by the Audit Committee and approved by the Board.
  • The Statutory Auditors carried out a "Limited Review" of the results.
  • The disclosure is made pursuant to SEBI Listing Regulations 30 and 33.
  • A newspaper publication with a QR code will be made as per Regulation 47.