Company Overview

Prima Plastics Limited (Scrip Code: 530589, Symbol: PRIMAPLA) filed its consolidated financial statements and AGM notice for FY 2025-26 on May 20, 2026.

Financial Performance

Consolidated Results: Revenue from operations grew 12% to ₹159.81 crores (₹15,977.90 lakhs) with net profit of ₹232.94 crores (₹2,193.73 lakhs) attributable to owners. Total comprehensive income stood at ₹381.13 crores (₹3,811.27 lakhs), including foreign currency translation gains of ₹150.46 crores. Earnings per share from continuing operations was ₹19.94.

Standalone Performance: Revenue increased 7% to ₹86.65 crores with EBITDA growing 26% to ₹15.30 crores. Profit after tax was ₹84.38 crores from continuing operations.

Demerger Completion

The rotational moulding business demerger to Prima Innovation Limited (wholly-owned subsidiary) became effective March 31, 2026, with NCLT approval received on March 16, 2026. Assets worth ₹6,539.51 lakhs and liabilities of ₹3,881.60 lakhs were transferred at book value, resulting in net assets transfer of ₹2,657.91 lakhs. This led to adjustments in reserves: Securities Premium reduced by ₹63.53 lakhs, General Reserve reduced by ₹634.64 lakhs, and Retained Earnings reduced by ₹2,191.65 lakhs.

32nd Annual General Meeting

The AGM will be held on August 10, 2026 via video conference. Key agenda items include:

  • Adoption of FY26 financial statements
  • Declaration of final dividend of ₹2.00 per share (20%)
  • Reappointment of Director Dilip Manharlal Parekh
  • Increase in remuneration for Mrs. Shriya V. Chaudhary (related party) from ₹13 lakh to ₹39 lakh
  • Approval for ₹28.86 crore corporate guarantee for Prima Innovation Limited

Capital Structure & Dividends

Equity share capital remained unchanged at ₹1,100.05 lakhs (11,000,470 shares). Total borrowings reduced to ₹2,505.75 lakhs from ₹4,011.28 lakhs. The board recommended final dividend of ₹2.00 per share, totaling ₹220.01 lakhs payout, with record date set for August 3, 2026.

Corporate Developments

  • Credit rating maintained at CRISIL BBB+/Watch Developing (Long Term) and CRISIL A2/Watch Developing (Short Term)
  • Ms. Nehal Goyal appointed as Company Secretary and Compliance Officer effective February 11, 2026
  • Promoter holding stands at 58.27% with 98.82% shares dematerialized
  • No material pending litigations or defaults reported

Segment Performance

The group operates primarily in plastic articles manufacturing with export revenue of ₹793.36 crores (49.6% of total) and domestic revenue of ₹804.33 crores (50.4%). Key subsidiaries include Prima Union Plasticos S.A. (90% subsidiary) and joint venture Prima Dee-Lite Plastics SARL with carrying value of ₹881.26 crores.

Related Party Transactions

Loan of ₹1,138.78 lakhs provided to Prima Innovation Limited pursuant to demerger scheme. Key management personnel remuneration totaled ₹209.32 lakhs. Rent expenses of ₹87.87 lakhs paid to related parties Classic Plastics and National Plastics.

Compliance Status

The company maintains full compliance with SEBI regulations and Companies Act provisions, with no fraud reported by auditors during the year. CSR expenditure of ₹10.11 lakhs exceeded the required ₹10.03 lakhs.