Key Decisions and Approvals

1. Unaudited Financial Results

  • The Board approved the Unaudited Financial Results (Consolidated and Standalone) for the Quarter and Half Year ended September 30, 2026.
  • The results were reviewed by the Audit Committee and approved by the Board on November 06, 2026.
  • The Financial Results include an Independent Auditor's Limited Review Report from C N K & Associates LLP.
  • The results will be published in newspapers as per Regulation 47(1) and uploaded on the company website www.primaplastics.com.
  • The trading window for employees and directors will open on November 08, 2026.

2. Appointment of Mr. Hitendra Bhupatrai Bhalaria

  • Appointed as Additional Director designated as Non-Executive Independent Director (DIN: 00169618).
  • Term: 5 years from November 06, 2026 until the 37th AGM, not liable to retire by rotation.
  • Subject to shareholder approval.

3. Appointment of Mrs. Shriya Vedant Chaudhary

  • Appointed as Additional Director designated as Whole-Time Director (DIN: 10675253).
  • Term: 5 years from November 06, 2026 until the 37th AGM, liable to retire by rotation.
  • Subject to shareholder approval.
  • Mrs. Chaudhary is the daughter of Mr. Dilip Manharlal Parekh, Chairman & Managing Director.

4. Resignation of Mr. Bhaskar Manharlal Parekh

  • Mr. Bhaskar Manharlal Parekh (DIN: 00166520) resigned as Chairman & Whole-Time Director.
  • Effective from close of business hours on November 06, 2026.
  • Reason: Personal reasons.

5. Re-designation of Mr. Dilip Manharlal Parekh

  • Mr. Dilip Manharlal Parekh (DIN: 00166385) re-designated as Chairman & Managing Director from Managing Director.

6. Approval of Notice of Postal Ballot

  • Board approved Postal Ballot Notice for shareholder approval of appointments of Mr. Bhalaria and Mrs. Chaudhary.
  • Notice to be circulated within prescribed timelines.

7. Committee Reconstitutions

  • Nomination and Remuneration Committee: Mr. Snehal N. Muzoomdar (Chairperson), Mr. Hitendra B. Bhalaria, Mr. Shaileshkumar S. Shah, Mrs. Daxa J. Baxi.
  • Stakeholders' Relationship Committee: Mrs. Daxa J. Baxi (Chairperson), Mr. Hitendra B. Bhalaria, Mr. Dilip M. Parekh, Mr. Snehal N. Muzoomdar, Mrs. Shriya V. Chaudhary.
  • Corporate Social Responsibility Committee: Mr. Shaileshkumar S. Shah (Chairperson), Mr. Dilip M. Parekh, Mrs. Daxa J. Baxi.

Financial Results Summary

Consolidated Financial Results (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 3,755.62
  • Other Income: 32.08
  • Total Income: 3,787.70
  • Total Expenses: 3,540.95
  • Profit before tax and exceptional items: 246.75
  • Share in Profit of Joint Venture: 242.58
  • Profit before tax: 489.33
  • Tax Expenses: 172.15
  • Tax adjustment of earlier years: 4.84
  • Net Profit after tax: 312.34
  • Profit attributable to owners: 297.90
  • Basic EPS: ₹2.71

Half Year Ended September 30, 2026:

  • Revenue from Operations: 7,766.22
  • Other Income: 61.76
  • Total Income: 7,827.98
  • Total Expenses: 6,901.48
  • Profit before tax and exceptional items: 926.50
  • Share in Profit of Joint Venture: 465.56
  • Profit before tax: 1,392.06
  • Tax Expenses: 730.00
  • Tax adjustment of earlier years: 4.84
  • Net Profit after tax: 657.22
  • Profit attributable to owners: 589.76
  • Basic EPS: ₹5.36

Standalone Financial Results (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 2,287.93
  • Other Income: 506.98
  • Total Income: 2,794.91
  • Total Expenses: 2,251.26
  • Profit before tax: 543.65
  • Tax Expenses: 136.56
  • Tax adjustment of earlier years: 4.84
  • Net Profit after tax: 402.25
  • Basic EPS: ₹3.66

Half Year Ended September 30, 2026:

  • Revenue from Operations: 3,971.76
  • Other Income: 2,248.81
  • Total Income: 6,220.57
  • Total Expenses: 3,978.49
  • Profit before tax: 2,242.08
  • Tax Expenses: 526.35
  • Tax adjustment of earlier years: 4.84
  • Net Profit after tax: 1,710.89
  • Basic EPS: ₹15.55

Key Financial Metrics

  • Paid-up equity share capital: ₹1,100.05 lakhs (Face Value ₹10/- per share)
  • Consolidated Basic EPS from continuing operations for Q2: ₹2.71
  • Standalone Basic EPS from continuing operations for Q2: ₹3.66

Auditor's Review Notes

  • The review was conducted by C N K & Associates LLP (Firm Registration No. 101961W/W-100036).
  • The auditor's report includes qualifications regarding a foreign subsidiary (Prima Union Plasticos, S.A.) with total assets of ₹5,383.74 lakhs and a joint venture (Prima Dee-Lite Plastics SARL) whose results were not reviewed by the auditor.
  • The financial results were prepared in accordance with Ind AS 34.

Discontinued Operations

  • The company demerged its Rotational Moulding business to Prima Innovation Limited effective March 31, 2026.
  • Results of the discontinued operations for previous periods have been separately disclosed:
  • Q2 FY26: Revenue ₹1,464.64 lakhs, Loss after tax ₹(92.41) lakhs
  • H1 FY26: Revenue ₹2,696.65 lakhs, Loss after tax ₹(156.02) lakhs
  • FY26: Revenue ₹5,096.93 lakhs, Loss after tax ₹(202.78) lakhs

Meeting Details

  • Board Meeting commenced at 12:55 hours (IST) and concluded at 13:35 hours (IST) on November 06, 2026.