Change in Director / Key Managerial Personnel

Nature of change: Retirement

Name and details: Mr. V.S.R. Anjaneyulu, Vice President - Technology Center and Senior Managerial Personnel

Effective date: Cessation is effective from close of business hours on September 05, 2026.

Reason: Retirement upon completion of his extended term.

Brief profile: Not disclosed in the document.

Relationship with other directors: Not disclosed in the document.

Key Financial or Operational Approvals

The Board of Directors at its meeting held on August 14, 2026, approved the following:

1. Audited Standalone Financial Results for Q1 FY2027 (quarter ended June 30, 2026)

2. Audited Consolidated Financial Results for Q1 FY2027 (quarter ended June 30, 2026)

Auditor's Report: Kalyaniwalla & Mistry LLP, Chartered Accountants (Firm Reg. No.: 104607W/W100166), issued unqualified opinions on both standalone and consolidated financial results, stating they give a true and fair view in conformity with applicable accounting standards.

Standalone Financial Highlights (₹ in lakhs):

  • Revenue from Operations: 21,083.64 (Q1 FY2027) vs 15,282.06 (Q1 FY2026) - 38% increase YoY
  • Total Income: 21,198.10 (Q1 FY2027) vs 15,320.52 (Q1 FY2026)
  • Profit before tax: 799.98 (Q1 FY2027) vs 462.56 (Q1 FY2026) - 73% increase YoY
  • Profit for the period: 618.13 (Q1 FY2027) vs 340.14 (Q1 FY2026) - 82% increase YoY
  • Basic EPS: ₹3.60 (Q1 FY2027) vs ₹1.98 (Q1 FY2026)
  • Total Comprehensive Income: 677.62 (Q1 FY2027) vs 373.49 (Q1 FY2026)

Consolidated Financial Highlights (₹ in lakhs):

  • Revenue from Operations: 22,566.87 (Q1 FY2027) vs 16,490.48 (Q1 FY2026) - 37% increase YoY
  • Total Income: 22,699.97 (Q1 FY2027) vs 16,531.43 (Q1 FY2026)
  • Profit before tax: 927.92 (Q1 FY2027) vs 653.89 (Q1 FY2026) - 42% increase YoY
  • Profit for the period: 710.86 (Q1 FY2027) vs 474.79 (Q1 FY2026) - 50% increase YoY
  • Basic EPS: ₹4.14 (Q1 FY2027) vs ₹2.76 (Q1 FY2026)
  • Total Comprehensive Income: 773.04 (Q1 FY2027) vs 530.20 (Q1 FY2026)

Strategic or Business Context

The company has identified Plastic Products as its single primary reportable segment in accordance with Ind AS 108 - Operating Segments. Accordingly, no separate segment information has been provided.

Exceptional Items: The exceptional item for quarter and year ended March 31, 2026 represents the effect of change in Labour Codes and recognition of charge arising from the actuarial valuation of past service costs relating to Gratuity (₹104.06 lakhs) and Compensated absences (₹31.10 lakhs).

Subsidiary Information: The consolidated results include:

  • Thriarr Polymers Private Limited (wholly owned subsidiary, India): Revenue ₹1,483.20 lakhs, Net profit ₹105.63 lakhs
  • Hitech Global Inc (wholly owned subsidiary, outside India): Revenue ₹28.69 lakhs, Net profit ₹8.90 lakhs

Any Other Material Information

Delisting Process: The Management of the Group has obtained approval from the shareholders of the holding company through Postal Ballot on July 10, 2026 for delisting of the equity shares from NSE and BSE. The holding company is in process of getting necessary approvals for voluntary delisting of its equity shares pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2021.

Board Meeting Details: The Board Meeting commenced at 4:30 PM and concluded at 6:30 PM on August 14, 2026.

Compliance: The company will publish the results in newspapers in accordance with Regulation 47 of the Listing Regulations.