Key Quantitative Figures

Financial Results for Q2 FY27 (Quarter ended September 30, 2026):

  • Revenue from Operations: ₹1,939.96 lakh
  • Other Income: ₹5.19 lakh
  • Total Income: ₹1,945.15 lakh
  • Total Expenses: ₹1,934.56 lakh
  • Profit Before Tax: ₹10.59 lakh
  • Tax Expense: ₹2.67 lakh (Deferred Tax)
  • Net Profit After Tax: ₹7.92 lakh
  • Basic and Diluted EPS: ₹0.07
  • Paid-up Equity Share Capital: ₹550.02 lakh (Face Value ₹5 per share)

Financial Results for H1 FY27 (Six months ended September 30, 2026):

  • Revenue from Operations: ₹3,470.42 lakh
  • Other Income: ₹10.35 lakh
  • Total Income: ₹3,480.77 lakh
  • Total Expenses: ₹3,409.29 lakh
  • Profit Before Tax: ₹71.48 lakh
  • Tax Expense: ₹17.99 lakh (Deferred Tax)
  • Net Profit After Tax: ₹53.49 lakh
  • Basic and Diluted EPS: ₹0.49

Balance Sheet as at September 30, 2026:

  • Total Assets: ₹6,848.08 lakh
  • Non-Current Assets: ₹3,519.05 lakh
  • Current Assets: ₹3,329.03 lakh
  • Total Equity: ₹2,711.40 lakh
  • Non-Current Liabilities: ₹1,651.44 lakh
  • Current Liabilities: ₹2,485.24 lakh

Cash Flow for Six months ended September 30, 2026:

  • Net Cash from Operating Activities: ₹368.48 lakh
  • Net Cash from Investing Activities: (₹136.74) lakh
  • Net Cash from Financing Activities: (₹232.99) lakh
  • Net Decrease in Cash: (₹1.25) lakh

Dates of Action

  • Board Meeting Date: October 29, 2026 (3:00 PM to 5:00 PM IST)
  • Director Resignation Effective: October 29, 2026 (close of business hours)
  • Demerger Effective Date: March 31, 2026
  • Demerger Appointed Date: July 1, 2024
  • Record Date for Share Allotment: April 17, 2026
  • Share Allotment Date: July 6, 2026
  • Listing Date on BSE: August 7, 2026

Parties Involved

  • Prima Innovation Limited (Company)
  • Prima Plastics Limited (Transferor Company)
  • CNK & Associates LLP (Statutory Auditors)
  • BSE Limited (Stock Exchange)
  • National Company Law Tribunal, Ahmedabad Bench (Approving Authority)
  • Mr. Dilip M. Parekh (Resigning Director)

Corporate Actions

Director Resignation:

  • Mr. Dilip M. Parekh (DIN: 00166385) resigned as Non-Executive Non-Independent Director
  • Effective from close of business hours on October 29, 2026
  • Reason: Personal reasons
  • Confirmed no other material reasons for resignation
  • Mr. Parekh holds directorship in Prima Plastics Limited as Managing Director and committee memberships

Demerger Scheme:

  • Scheme of Arrangement between Prima Innovation Limited and Prima Plastics Limited approved by NCLT Ahmedabad Bench on March 16, 2026
  • Transfer of Rotational Business from Prima Plastics Limited to Prima Innovation Limited
  • Appointed Date: July 1, 2024
  • Share allotment ratio: 1 equity share of Prima Innovation (FV ₹5) for every 1 equity share of Prima Plastics (FV ₹10)
  • Allotment of 1,10,00,470 equity shares on July 6, 2026 to shareholders of Prima Plastics as on record date April 17, 2026
  • Pre-Scheme paid-up capital of ₹100,000 (20,000 equity shares) held by Prima Plastics Limited stands cancelled

Financial Impact

  • The demerger has been accounted for with effect from appointed date July 1, 2024 in accordance with the Scheme and MCA Circular
  • Financial information for quarter and period ended September 30, 2025 has been restated by management
  • The restated figures have not been audited or reviewed by statutory auditors
  • The Company's business activity falls within a single operating segment: "Plastic Articles"

Governance Information

  • Financial results reviewed by Audit Committee and approved by Board of Directors
  • Limited review report issued by statutory auditors CNK & Associates LLP
  • Emphasis of Matter paragraph in auditor's report regarding demerger accounting treatment