Key Event: Delay Explanation

The company had submitted the AGM Proceedings on 1st October, 2026, under the bona fide understanding that the disclosure requirement permitted submission within 24 hours of the conclusion of the meeting. Upon review, the company understands that the applicable timeline under SEBI LODR Regulation 30(6) was different from its earlier understanding. The delay is characterized as purely inadvertent and unintentional, with no malafide intention to withhold material information.

Remedial Actions and Assurance

The company regrets the delay and assures the Exchange that it has taken note of the applicable disclosure timelines. It commits to exercising greater care and diligence in the future and strengthening its internal compliance monitoring procedures to ensure all disclosures are made within prescribed timelines. A revised corporate announcement containing the AGM proceedings is submitted along with this explanation.

AGM Proceedings Details

The 39th Annual General Meeting was held on Wednesday, 30th September, 2026, at 3:00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Attendance

Directors and Key Managerial Personnel Present (via VC/OAVM):

  • Mr. Mahendrabhai Bhuva (DIN: 00054562) - Chairman & Director
  • Mr. Himmatlal Bhuva (DIN: 00054580) - Managing Director
  • Mr. Anand Bhuva (DIN: 11217077) - Executive Director
  • Mrs. Asmani Surve (DIN: 10277624) - Independent Director
  • Mr. Amit Shah (DIN: 10578730) - Independent Director
  • Mr. Devang Shah (DIN: 11912406) - Additional Director (Independent)
  • Mr. Manan Joshi - Chief Executive Officer (CEO)
  • Mr. Dinesh Punjabi - Chief Financial Officer (CFO)
  • Ms. Vaishali Punjabi - Company Secretary & Compliance Officer

Auditors Present (via VC/OAVM):

  • Mr. Pareen Shah - Partner, CNK & Associates LLP (Statutory Auditors)
  • Mr. Devesh Pathak - Founder, Devesh Pathak & Associates (Scrutinizer & Secretarial Auditor)

Business Transacted

The following items of business were transacted as per the notice of the meeting:

Ordinary Business:

1. Ordinary Resolution: To receive, consider and adopt (i) the Audited Standalone Financial Statements for the year ended 31st March, 2026, with reports of the Board and Auditors, and (ii) the Audited Consolidated Financial Statements for the year ended 31st March, 2026, with the Report of the Auditors.

2. Ordinary Resolution: To appoint a Director in place of Mr. Himmatlal Parshottambhai Bhuva (DIN: 00054580), who retires by rotation and offers himself for re-appointment.

3. Ordinary Resolution: To approve and declare a Dividend @ 10% i.e., Rs. 1/- per share recommended by the Board for the Financial Year ended 31st March, 2026.

Special Business:

4. Special Resolution: To approve the appointment of Mr. Devang Rasiklal Shah (DIN: 11912406) as an Independent Director for a period of five years with effect from 27th August, 2026.

Meeting Proceedings Highlights

  • The requisite quorum was established.
  • The Managing Director, Mr. Himmatlal Bhuva, shared financial glimpses for FY ended 31st March, 2026.
  • The CEO, Mr. Manan Joshi, delivered a speech on the market overview of the plastic processing industry, operational highlights, performance for FY 2025-26, future outlook, and growth plans.
  • The Statutory Auditors and Secretarial Auditors expressed unqualified opinions in their respective Audit Reports for FY 2025-26.
  • A Q/A session was conducted where the CEO replied to queries from members who had registered as speakers and submitted questions in advance.
  • The facility for e-voting at the AGM was provided and kept open until 15 minutes after the meeting's conclusion.
  • Mr. Devesh Pathak was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting process.

Results and Dissemination

The results of the remote e-voting and e-voting at the AGM were to be announced within two working days from the conclusion of the meeting. The results were to be displayed at the Registered Office, placed on the company's website (www.polymechplast.com), and disseminated to the stock exchanges and the website of CDSL.

Meeting Conclusion

The meeting concluded at 3:45 p.m. on 30th September, 2026.