PBM POLYTEX LTD.

Board Meeting Outcomes

1. Approval of Financial Results: The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report issued by the statutory auditors, Mahendra N. Shah & Co., as per Regulation 33 of SEBI LODR.

2. Reconstitution of NRC: The Nomination and Remuneration Committee was reconstituted with the following members:

  • Mr. Chirayush Patel (Chairman) - Non-Executive Independent Director
  • Mr. Ashok Pandit (Member) - Non-Executive Independent Director
  • Mr. Rakesh Todi (Member) - Non-Executive Independent Director
  • Ms. Amishal Modi (Member) - Non-Executive Independent Director

The meeting concluded at 12:25 P.M.

Standalone Financial Performance (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹4,773.86 (vs. ₹3,496.04 in Q2 FY26)
  • Other Income: ₹5.47
  • Total Income: ₹4,779.33
  • Total Expenses: ₹4,430.03
  • Cost of materials consumed: ₹2,763.66
  • Employee Benefits Expenses: ₹618.34
  • Finance Costs: ₹12.69
  • Depreciation: ₹92.29
  • Power and Fuel: ₹531.09
  • Other expenses: ₹405.28
  • Profit Before Tax: ₹349.30 (vs. loss of ₹183.90 in Q2 FY26)
  • Tax Expense: ₹77.16 (Current Tax: ₹9.52, Deferred Tax: ₹67.64)
  • Profit for the period: ₹272.14 (vs. loss of ₹134.16 in Q2 FY26)
  • Other Comprehensive Income: ₹31.28
  • Total Comprehensive Income: ₹303.42
  • Basic & Diluted EPS: ₹3.96 (vs. negative ₹1.95 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹8,658.68 (vs. ₹8,143.11 in H1 FY26)
  • Other Income: ₹116.06
  • Total Income: ₹8,774.74
  • Total Expenses: ₹8,094.31
  • Profit Before Tax: ₹680.43 (vs. loss of ₹283.13 in H1 FY26)
  • Tax Expense: ₹160.48
  • Profit for the period: ₹519.95 (vs. loss of ₹213.21 in H1 FY26)
  • Total Comprehensive Income: ₹527.98
  • Basic & Diluted EPS: ₹7.56 (vs. negative ₹3.10 in H1 FY26)

Standalone Balance Sheet (₹ in Lakhs)

As at September 30, 2026 (Unaudited):

  • Total Assets: ₹13,694.95
  • Non-current Assets: ₹5,755.37 (Property, Plant & Equipment: ₹5,006.26)
  • Current Assets: ₹7,939.58 (Inventories: ₹2,461.90, Current Investments: ₹3,991.16, Cash & Cash Equivalents: ₹198.17)
  • Equity: ₹12,105.50
  • Equity Share Capital: ₹687.90
  • Other Equity: ₹11,417.60
  • Liabilities: ₹1,589.45
  • Non-current Liabilities: ₹446.92
  • Current Liabilities: ₹1,142.53

Standalone Cash Flow (H1 FY27, ₹ in Lakhs)

  • Cash from Operating Activities: ₹2,878.91
  • Cash from/(used in) Investing Activities: (₹3,589.24)
  • Cash from Financing Activities: ₹25.31
  • Net decrease in cash: (₹685.02)
  • Cash at period end: ₹198.17

Consolidated Financial Performance (₹ in Lakhs)

Includes share of PBM Polytex Limited and its associate, Eurotex Industries and Exports Limited.

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹4,773.86
  • Other Income: ₹48.55
  • Total Income: ₹4,822.41
  • Profit Before Tax: ₹392.38
  • Tax Expense: ₹88.00
  • Profit for the period: ₹304.38
  • Total Comprehensive Income: ₹335.66
  • Basic & Diluted EPS: ₹4.42

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹8,658.68
  • Other Income: ₹88.83
  • Total Income: ₹8,747.51
  • Profit Before Tax: ₹653.20
  • Tax Expense: ₹153.63
  • Profit for the period: ₹499.57
  • Total Comprehensive Income: ₹507.60
  • Basic & Diluted EPS: ₹7.26

Consolidated Balance Sheet (₹ in Lakhs)

As at September 30, 2026 (Unaudited):

  • Total Assets: ₹13,375.76
  • Equity: ₹11,866.64
  • Liabilities: ₹1,509.12

Auditor's Review

Mahendra N. Shah & Co., Chartered Accountants (Firm Reg. No.: 105775W), issued an unmodified limited review report on both standalone and consolidated results. Nothing came to their attention to believe the statements contain any material misstatement.

Notes to Financial Statements

1. The company operates in a single segment: "Manufacturing of Cotton Yarn."

2. The financial results were reviewed by the Audit Committee and approved by the Board on November 14, 2026.

3. Regarding the associate company, Eurotex Industries and Exports Limited:

  • Its manufacturing plants at Kolhapur were closed on March 30, 2022, due to labor disputes and power disconnection.
  • All lender bank dues have been settled by borrowing from promoter group companies.
  • A writ petition is pending before the Hon'ble High Court, Mumbai, regarding labor dues.
  • The management plans to develop its available land area or undertake yarn trading/business activities in the future.
  • Financial statements are prepared on a going concern basis based on legal advice and future plans.

4. Figures for previous periods have been reclassified/regrouped for comparability.

Capital Structure

Paid-up equity share capital remains unchanged at ₹687.90 lakhs (face value ₹10 per share).

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