Key Decisions and Approvals

  • The Board of Directors approved the Standalone Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY27).
  • The Board decided to hold the 2nd Annual General Meeting (AGM) of the Company on Wednesday, September 23, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means.
  • Mr. Prashant Diwan, Practicing Company Secretary, was appointed as the scrutinizer to scrutinize the remote e-voting and voting process for the 2nd AGM.

The Board Meeting commenced at 1:30 P.M. (IST) and concluded at 4:00 P.M. (IST).

Financial Results (Q1 FY27 ended June 30, 2026)

The financial results are presented in ₹ lakhs.

Income:

  • Revenue from Operations: ₹1,530.46
  • Other Income: ₹1.11
  • Total Income: ₹1,531.57

Expenditure:

  • Cost of Materials Consumed: ₹837.82
  • Purchases of Stock in Trade: ₹2.57 (negative figure presented as positive in source)
  • Changes in Inventories: ₹8.89
  • Employee Benefits Expense: ₹144.25
  • Finance Costs: ₹54.56
  • Depreciation and Amortisation Expense: ₹49.70
  • Other Expenses: ₹372.89
  • Total Expenses: ₹1,470.68

Profitability:

  • Profit before exceptional items and tax: ₹60.89
  • Exceptional Items: ₹0.00 (not applicable)
  • Profit before tax: ₹60.89
  • Tax Expenses: ₹15.32
  • Net Profit after tax for the period: ₹45.57

Other Comprehensive Income:

  • Items that will not be reclassified to profit or loss: ₹0.00
  • Total Comprehensive Income for the period: ₹45.57

Earnings Per Share (EPS):

  • Basic and Diluted EPS (not annualised): ₹1.00 (Face Value of ₹5 per share)

Capital and Reserves:

  • Paid-up equity share capital (Face Value of ₹5 per share): ₹1.00 lakh
  • Other Equity: ₹227.85 lakh

Comparative Figures

Q1 FY27 (Unaudited) vs. Q1 FY26 (Unaudited):

  • Revenue from Operations increased to ₹1,530.46 lakh from ₹1,232.01 lakh.
  • Net Profit after tax was ₹45.57 lakh, a significant improvement from a Net Loss of ₹55.26 lakh in the prior year period.

Q1 FY27 (Unaudited) vs. Q4 FY26 (Audited):

  • Revenue from Operations increased from ₹1,442.03 lakh.
  • Net Profit after tax increased from ₹4.69 lakh.

Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on August 10, 2026. The statutory auditors, CNK & Associates LLP, issued an unmodified limited review report.

2. A Scheme of Arrangement for the demerger of the Rotational Business from Prima Plastics Limited to Prima Innovation Limited was approved by the respective Boards on November 12, 2024. The Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, approved the Scheme on March 16, 2026. The Scheme became effective on March 31, 2026, with an Appointed Date of July 01, 2024.

3. The record date for determining shareholders of Prima Plastics Limited entitled to receive shares in Prima Innovation was fixed as April 17, 2026.

4. Under the Scheme, shareholders of Prima Plastics were entitled to receive 1 equity share of Prima Innovation (FV ₹5) for every 1 equity share held in Prima Plastics (FV ₹10).

5. On July 06, 2026, Prima Innovation allotted 11,000,470 equity shares (FV ₹5) to the shareholders of Prima Plastics. The pre-Scheme paid-up share capital of Prima Innovation, consisting of 20,000 equity shares (FV ₹5) held by Prima Plastics, was cancelled without consideration.

6. The equity shares of Prima Innovation were listed on BSE Limited on August 07, 2026.

7. The Company operates in a single segment: "Plastic Articles".

8. The figures for the three months ended March 31, 2026 (Q4 FY26), are derived as the difference between the audited full-year figures and the unaudited/unreviewed figures for the first nine months of FY26.