Company Overview

Polymechplast Machines Limited (CIN: L27310GJ1987PLC009517), established in 1987, manufactures and exports thermoplastic injection moulding and blow moulding machines under the 'GOLDCOIN' brand with over 10,000 machines deployed across domestic and international markets.

AGM and Corporate Actions

The company convened its 39th Annual General Meeting on 30th September 2026 via video conference to seek shareholder approval for several resolutions. Key agenda items included adoption of FY26 financial statements, declaration of ₹1 per share dividend (10% on face value), reappointment of Mr. Himmatlal Parshottambhai Bhuva as director, and appointment of Mr. Devang Rasiklal Shah as Independent Director for a five-year term commencing 27th August 2026. The company transferred ₹6.87 lakhs of unclaimed dividend and 625,627 shares to the Investor Education and Protection Fund (IEPF).

Financial Performance Highlights

Standalone Results (₹ in Lakhs):

  • Revenue from Operations: ₹6,893.10 (PY: ₹6,488.66) | +6.2%
  • Profit Before Tax: ₹378.14 (PY: ₹128.71) | +193.8%
  • Profit After Tax: ₹288.45 (PY: ₹90.58) | +218.4%
  • EPS: ₹5.15 (PY: ₹1.62) | +217.9%

Consolidated Results (₹ in Lakhs):

  • Revenue from Operations: ₹6,893.10
  • Other Income: ₹493.45 (including ₹405.33 profit on property sale)
  • Profit Before Tax: ₹433.84 (PY: ₹128.71)
  • Profit After Tax: ₹320.41 (PY: ₹69.78) | +359%
  • Basic/Diluted EPS: ₹5.72 (PY: ₹1.25)

Despite improved profitability, cash flow from operations was negative ₹524.47 lakhs due to significant working capital outflows. The balance sheet showed total assets of ₹4,143.35 lakhs with equity share capital unchanged at ₹560.17 lakhs.

Operational and Corporate Developments

The company participated in Raj Plast 2025 and Plastindia 2026 exhibitions, focusing on technology upgradation and export market development. Management changes included appointments of Mr. Anand Bhuva as Executive Director, Mr. Amit Shah as Independent Director, Mr. Mahendrakumar Bhuva as Executive Chairman, and Mr. Himmatlal Bhuva as Managing Director. The investment in associate company TBC-Goldcoin Private Limited (45% holding) resulted in a share of loss of ₹23.74 lakhs and impairment provision of ₹55.70 lakhs.

Corporate Governance and Compliance

The board comprises 6 directors (3 executive, 3 non-executive independent) and met 4 times during FY26. All committees functioned effectively with a implemented whistleblower policy recording no complaints. The company maintained minor compliance delays, paying a ₹5,900 penalty for delayed submission of Related Party Transactions disclosure. Shareholding pattern showed promoters holding 36.49%, public Indian shareholders 37.67%, and IEPF Authority 11.17% as of 31st March 2026.