Scrip ID / Code

POLYCHMP / 526043

Key Quantitative Figures (Standalone for Q1 FY27)

  • Revenue from operations: ₹992.64 lakh (Q1 FY26: ₹2,175.39 lakh; Q4 FY26: ₹1,197.59 lakh; FY26: ₹6,893.10 lakh)
  • Other Income: ₹24.45 lakh (Q1 FY26: ₹428.40 lakh; Q4 FY26: ₹19.55 lakh; FY26: ₹493.45 lakh)
  • Total Income: ₹1,017.09 lakh (Q1 FY26: ₹2,603.79 lakh; Q4 FY26: ₹1,217.14 lakh; FY26: ₹7,386.55 lakh)
  • Cost of materials consumed: ₹595.67 lakh (Q1 FY26: ₹1,503.84 lakh; Q4 FY26: ₹1,081.00 lakh; FY26: ₹5,238.26 lakh)
  • Employee benefits expense: ₹181.94 lakh (Q1 FY26: ₹220.40 lakh; Q4 FY26: ₹161.16 lakh; FY26: ₹752.55 lakh)
  • Finance Costs: ₹9.15 lakh (Q1 FY26: ₹15.42 lakh; Q4 FY26: ₹7.65 lakh; FY26: ₹37.34 lakh)
  • Depreciation and amortization expense: ₹19.41 lakh (Q1 FY26: ₹21.89 lakh; Q4 FY26: ₹20.95 lakh; FY26: ₹87.31 lakh)
  • Profit/(Loss) before tax: (₹92.01) lakh loss (Q1 FY26: ₹300.84 lakh profit; Q4 FY26: (₹33.39) lakh loss; FY26: ₹378.14 lakh profit)
  • Net Profit/ (Loss) for the period: (₹71.47) lakh loss (Q1 FY26: ₹252.70 lakh profit; Q4 FY26: (₹25.09) lakh loss; FY26: ₹288.45 lakh profit)
  • Earnings per share (Basic & Diluted): (₹1.28) (Q1 FY26: ₹4.51; Q4 FY26: (₹0.45); FY26: ₹5.15)
  • Paid-up Equity share capital: ₹560.17 lakh (unchanged across all periods)

Key Quantitative Figures (Consolidated for Q1 FY27)

  • The consolidated results include the company's associate, TBC-Goldcoin Private Limited.
  • Net Profit after Tax and Share of Associate's Profit / (Loss): (₹79.68) lakh loss (Q1 FY26: ₹297.67 lakh profit; Q4 FY26: (₹29.07) lakh loss)
  • Share of Associate's Net (Loss): (₹8.21) lakh (Q1 FY26: (₹10.72) lakh; Q4 FY26: (₹3.98) lakh)
  • Consolidated Earnings per share (Basic & Diluted): (₹1.42) (Q1 FY26: ₹5.31; Q4 FY26: (₹0.52))

Dates of Action

  • Board Meeting Date: 12th August, 2026 (commenced at 11:30 a.m., concluded at 2:30 p.m.)
  • Resignation Effective Date: 7th August, 2026
  • AGM Date: Thursday, 24th September, 2026 at 3:00 p.m.
  • Book Closure Period: From Friday, 18th September, 2026 to Thursday, 24th September, 2026 (Both Days Inclusive)

Parties Involved

  • Resigned Director: Mr. Chirag Sureshbhai Shah (DIN: 10688506), Independent Director
  • Director for Re-appointment: Himmatlal Parshottambhai Bhuva (DIN: 00054580)
  • Statutory Auditors: M/s. CNK & Associates LLP, Chartered Accountants (Firm Registration No. 101961W/W-100036)
  • Scrutinizer for AGM: M/s. Devesh Pathak & Associates, Practising Company Secretaries, Vadodara
  • Associate Entity: TBC-Goldcoin Private Limited

Board Decisions and Rationale

1. Approval of Financial Results: The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026. The results were reviewed by the statutory auditors and recommended by the Audit Committee.

2. Resignation of Director: The Board took note of the resignation of Mr. Chirag Sureshbhai Shah as an Independent Director, effective 7th August, 2026. Consequently, he ceased to be the Chairman/Member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

3. Recommendation for Director Appointment: The Board recommended to the shareholders the appointment of Himmatlal Parshottambhai Bhuva, who retires by rotation and is eligible for re-appointment.

4. AGM and Book Closure: The 39th Annual General Meeting (AGM) will be held on 24th September, 2026, through Video Conferencing (VC) / other Audio Visual Means (OAVM). The book closure period for the AGM is from 18th to 24th September 2026.

5. Appointment of Scrutinizer: M/s. Devesh Pathak & Associates was appointed to conduct the remote voting process and e-voting for the AGM.

6. Approval of Board's Report: The Board approved the Board's Report along with annexures for the financial year ended 31st March, 2026.

7. Re-constitution of Board Committees: The Board approved the re-constitution of various Board Committees of the company.

Financial or Operational Impact

  • The company reported a standalone net loss of ₹71.47 lakh for Q1 FY27, compared to a profit of ₹252.70 lakh in Q1 FY26.
  • The consolidated net loss, including the share of loss from the associate, was ₹79.68 lakh for Q1 FY27.
  • The company operates in a single segment: manufacturing of plastic processing machines.

Capital Structure Impact

No change in the paid-up equity share capital was reported. It remained at ₹560.17 lakh.

Auditor's Review

  • The statutory auditors, CNK & Associates LLP, issued a limited review report stating that based on their review, nothing has come to their attention that causes them to believe the unaudited financial results contain any material misstatement.
  • For the consolidated results, the auditors included an 'Other Matter' paragraph noting that the results incorporate the company's share of net loss from an associate (TBC-Goldcoin Private Limited) based on unreviewed financial information, which was deemed not material to the company.