Company Overview
Polyspin Exports Limited (Scrip Code: 539354) reported its consolidated financial results for FY26 ending March 31, 2026, alongside convening its 41st Annual General Meeting scheduled for August 21, 2026.
Financial Performance
Profitability: The company achieved a consolidated net profit of ₹555.62 lakhs in FY26, representing a 35.4% increase from ₹410.22 lakhs in FY25. Basic and diluted earnings per share stood at ₹5.56, up from ₹4.10 in the previous year.
Revenue: Revenue from operations remained stable at ₹22,575.52 lakhs (FY25: ₹22,513.84 lakhs), supported by export sales of ₹21,305.08 lakhs. Domestic sales showed significant growth to ₹975.31 lakhs from ₹137.64 lakhs in FY25.
Standalone Performance: Standalone financials showed revenue of ₹229.63 crore with net profit of ₹3.90 crore, while export earnings stood at ₹210.35 crore. Key ratios improved with debt-equity ratio at 1.19 (FY25: 1.57) and return on net worth at 7.50% (FY25: 4.90%).
AGM and Corporate Governance
The 41st AGM will be held virtually on August 21, 2026, with e-voting available from August 18-20, 2026. Key agenda items include:
- Adoption of FY26 standalone and consolidated financial statements
- Reappointment of director S.R. Subramanian
- Regularization of additional director Shwetha Ramji
- Appointment of Durga Ramji as Managing Director for 3 years with proposed remuneration of ₹204 lakhs per annum
Management Changes
Shri R. Ramji, Managing Director & CEO, demised on May 3, 2026. Smt. Durga Ramji was appointed as Managing Director from May 29, 2026, and Smt. Shwetha Ramji was appointed as Additional Director from the same date.
Financial Position
Assets: Property, plant and equipment stood at ₹2,699.28 lakhs, with investments totaling ₹1,289.20 lakhs primarily in unquoted equity instruments. Current assets included inventories of ₹3,754.07 lakhs and trade receivables of ₹3,491.33 lakhs.
Liabilities: Total borrowings amounted to ₹7,087.39 lakhs, consisting of non-current borrowings of ₹2,183.45 lakhs and current borrowings of ₹4,903.94 lakhs. Trade payables totaled ₹1,146.72 lakhs.
Risk Management and Related Parties
The company disclosed comprehensive risk management practices for foreign exchange (mark-to-market loss of ₹14.95 lakhs) and interest rate risk. Significant related party transactions included ₹1,331.38 lakhs in processing charges paid to associated companies and ₹306.18 lakhs in remuneration to directors and KMPs.
Additional Information
- No dividend declared for FY26
- Contingent liabilities of ₹484.03 lakhs relating to excise duty matters under dispute
- Operations include 1.304 MW solar power plant and 250 KW windmill unit for captive consumption
- Promoter holding stood at 46.83% as of March 31, 2026
- Corporate social responsibility expenditure of ₹6.14 lakhs against requirement of ₹4.34 lakhs
All regulatory compliance requirements were met, including SEBI LODR Regulations filings and MCA compliance for unpaid/unclaimed amounts.