Key Financial Figures (FY 2025-26)

  • Revenue from operations: ₹16.14 lakh (FY25: ₹91.44 lakh)
  • Other income: ₹1.34 lakh (FY25: ₹0.20 lakh)
  • Total income: ₹17.48 lakh (FY25: ₹91.63 lakh)
  • Employee benefits expense: ₹9.04 lakh (FY25: ₹8.51 lakh)
  • Finance costs: ₹43.99 lakh (FY25: ₹42.20 lakh)
  • Depreciation expense: ₹6.53 lakh (FY25: ₹6.52 lakh)
  • Other expenses: ₹30.34 lakh (FY25: ₹19.80 lakh)
  • Total expenses: ₹89.90 lakh (FY25: ₹77.03 lakh)
  • Profit before tax: (₹72.42) lakh (FY25: ₹14.61 lakh profit)
  • Net profit: (₹72.42) lakh (FY25: ₹12.56 lakh profit)
  • Accumulated losses: ₹997.33 lakh (FY25: ₹924.91 lakh)
  • Negative net worth: ₹255.18 lakh (FY25: ₹182.76 lakh)
  • Earnings per share: (₹1.11) (FY25: ₹0.19)
  • Share capital: ₹651.18 lakh (65,11,800 equity shares of ₹10 each)

AGM Details

  • Date: Monday, 14th September 2026
  • Time: 3:00 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Record date: 7th August 2026

Business to be Transacted

Ordinary Business

1. Adoption of audited financial statements for FY ended 31st March 2026

2. Re-appointment of Mr. Ankit J. Patel (DIN: 02351167) who retires by rotation

Special Business

3. Appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for 5 years (FY2026-27 to 2030-31) at remuneration not exceeding ₹50,000 plus applicable taxes per annum

4. Re-appointment of Mr. Ankit J. Patel as Managing Director for 3 years from 17th July 2026 to 16th July 2029 with monthly remuneration of up to ₹2,00,000

5. Appointment of Mr. Prakashchandra D. Patel (DIN: 11845046) as Independent Director for 5 years from 29th July 2026 to 28th July 2031

6. Appointment of Mr. Babubhai H. Patel (DIN: 11850954) as Independent Director for 5 years from 29th July 2026 to 28th July 2031

Board and Management Changes

  • Mr. Jayantilal S. Patel appointed as Chief Executive Officer w.e.f. 12th November 2025
  • Mr. Akash D. Patel and Mr. Krunalkumar P. Patel resigned as Independent Directors w.e.f. 29th July 2026
  • Mr. Prakashchandra D. Patel and Mr. Babubhai H. Patel appointed as Independent Directors w.e.f. 29th July 2026

Corporate Actions

  • Company name changed from 'Promact Impex Limited' to 'Promact Plastics Limited' w.e.f. 13th October 2025
  • No dividend recommended for FY2025-26 due to losses

Auditors

  • Statutory Auditors: M/s. Fenil P. Shah & Associates (appointed for 5 years until FY2026-27)
  • Secretarial Auditors: M/s. Kashyap R. Mehta & Partners (for FY2025-26, seeking appointment for 5 years)
  • Previous Secretarial Auditors: M/s. Nishant Pandya & Associates resigned w.e.f. FY2025-26

Key Operational Highlights

  • Revenue primarily from godown rent (₹16.14 lakh) with no commission/brokerage income (FY25: ₹83.75 lakh)
  • Trade receivables of ₹455.71 lakh considered good based on confirmations and matter with High Court
  • No manufacturing activities during the year
  • No foreign exchange earnings or spending
  • Company has negative net worth of ₹255.18 lakh but preparing accounts on going concern basis

Voting Information

  • Remote e-voting period: 11th September 2026 (9:00 AM) to 13th September 2026 (5:00 PM)
  • Scrutinizer: Mr. Kashyap R. Mehta (failing him Mr. Yash K. Mehta) of Kashyap R. Mehta & Partners
  • Results to be placed on company website and BSE website

Other Material Information

  • RTA: MUFG Intime India Private Limited, Ahmedabad
  • Bankers: The Mehsana Urban Co-Operative Bank Ltd., Sarvodaya Commercial Co-op Bank Ltd.