Financial Results Approval

The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with Limited Review Reports. The meeting commenced at 04:30 PM and concluded at 06:30 PM.

Standalone Financial Performance (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹43,129.06 lakh (₹431.29 crore), compared to ₹33,464.60 lakh in Q1 FY26 and ₹35,590.34 lakh in Q4 FY26
  • Other income: ₹573.26 lakh, compared to ₹1,982.61 lakh in Q1 FY26
  • Total income: ₹43,702.32 lakh
  • Profit before tax: ₹2,440.72 lakh, compared to ₹4,198.10 lakh in Q1 FY26
  • Tax expense: ₹620.18 lakh (Current tax: ₹553.72 lakh, Deferred tax: ₹66.46 lakh)
  • Profit for the period: ₹1,820.54 lakh (₹18.21 crore), compared to ₹3,184.52 lakh in Q1 FY26
  • Earnings per share (Basic): ₹0.64, compared to ₹1.12 in Q1 FY26
  • Earnings per share (Diluted): ₹0.63, compared to ₹1.11 in Q1 FY26
  • Paid-up equity share capital: ₹2,855.87 lakh (Face Value ₹1 each)

Consolidated Financial Performance (Quarter Ended June 30, 2026)

  • Profit for the period: ₹7,530.27 lakh
  • Profit from joint venture: ₹91.56 lakh
  • Total profit after joint venture: ₹7,621.83 lakh
  • Earnings per share (Basic): ₹2.67
  • Earnings per share (Diluted): ₹2.65
  • Paid-up equity share capital: ₹2,855.87 lakh

Subsidiary Operations Update

The Board noted and took on record information regarding:

1. Commencement of operations in the new manufacturing unit of PG Technoplast Private Limited (wholly owned subsidiary) located in Salarpur, Rajasthan

2. Commencement of operations in the new manufacturing unit of PG Technoplast Private Limited located in Delhi Mumbai Industrial Corridor (DMIC), Greater Noida

Asset Sale and Business Relocation

1. Sale/Disposal of Assets: Approved sale/disposal of assets of PGEL's unit situated at Greater Noida, including transfer/sale of assets to its wholly owned subsidiary PG Technoplast Private Limited

2. Relocation and Closure: Approved relocation of business from PGEL's unit at I 26/I 27, Site C Surajpur, Greater Noida and closure of the mentioned unit post completion of asset sale/disposal and transfer of partial assets to PG Technoplast's Salarpur (Rajasthan) unit

3. Asset Transfer: Approved transfer of assets of PG Technoplast's unit at Plot number 76, Ecotech, Sector-12, Greater Noida to its new unit at Salarpur, Rajasthan

4. Business Relocation: Approved relocation/transfer of business of PG Technoplast's Ecotech, Greater Noida unit to Salarpur, Rajasthan after asset transfer completion

Corporate Actions

  • During the quarter, the company allotted 244,250 equity shares (face value ₹1 each) to 'PG Electroplast Limited Employees Welfare Trust' under ESOP Scheme 2020
  • Utilized ₹13,000.00 lakh during the quarter (cumulative utilization ₹1,44,535.11 lakh) out of QIB issue proceeds of ₹147,755.93 lakh (net of issue expenditure)
  • Unspent amount of ₹3,220.82 lakh kept in FDRs and bank accounts
  • Invested ₹14,044.96 lakh in equity shares of wholly owned subsidiary PG Technoplast Private Limited during the quarter

Subsidiary Unit Details - Salarpur, Rajasthan

  • Date of commencement: September 30, 2026
  • Production capacity:
  • Manufacturing and Assembly of Air Cooler and parts: 15 lakh units per annum
  • Manufacturing Moulds and Dies: 300 numbers per annum
  • Wash Basin, Lavatory Pans and Covers Flushing Cistern: 3 lakh units per annum
  • Manufacturing of All Type of Plastic parts & components: 20 lakh per annum
  • Investment required: ₹250 crore over next 2 years
  • Mode of financing: Term loans from banks and internal accruals
  • Rationale: Diversification into high-growth product category, order visibility, strategic location advantage, policy incentive support

Subsidiary Unit Details - DMIC Greater Noida

  • Proposed commencement date: August 31, 2026
  • Capacity addition: 1.8 million washing machines per year
  • Investment required: ₹450 crore over 2-3 years
  • Mode of financing: Term loans from banks and internal accruals
  • Rationale: Diversification into high-growth product category, order visibility, strategic location advantage, policy incentive support

Greater Noida Unit Sale Details

  • Date of agreement: August 06, 2026
  • Expected completion date: August 31, 2026
  • Consideration: ₹14.49 crore (cash)
  • Buyers: Open market and partially to wholly owned subsidiary PG Technoplast Private Limited
  • Related party transaction: Yes, done at arm's length
  • Financial contribution (last financial year):
  • Turnover: ₹65.48 crore (1.24% of consolidated turnover)
  • Revenue: ₹65.55 crore (1.24% of consolidated turnover)
  • Net worth: ₹6.49 crore (0.21% of consolidated net worth)
  • PBT: ₹4.86 crore (1.93% of consolidated PBT)

Unit Closure Details

  • Greater Noida unit closure: Estimated September 30, 2026
  • Reason: To achieve operational efficiency
  • Ecotech, Greater Noida unit closure: Estimated September 2026
  • Reason: Business growth optimization, manufacturing consolidation, space optimization, reduction of recurring rental costs

Availability of Information

The information is available on the company's website at www.pgel.in and on BSE/NSE websites.