42nd AGM Held via Video Conference; All Resolutions Passed, FY26 Highlights Shared

The 42nd AGM was held on 30th September, 2026 via video conference, from 11:30 A.M. to 12:04 P.M.

Wed 30 Sep 2026

FY26 Standalone Total Income

₹13.77 lakh

FY26 Standalone Loss After Tax

₹19.83 lakh

FY26 Consolidated Revenue from Operations

₹96.85 crore

FY26 Consolidated Profit After Tax

₹10.84 crore

Total Borrowings (31st March 2026)

₹91.12 crore

What happened

The 42nd Annual General Meeting for the financial year ended 31st March, 2026 was held on 30th September, 2026 through Video Conferencing / Other Audio-Visual Means. It began at 11:30 A.M. IST and concluded at 12:04 P.M. IST. E-voting was through NSDL, with remote e-voting open from 26th September, 2026 to 29th September, 2026 and e-voting at the meeting available for 15 minutes after conclusion.

Financial highlights presented

• Standalone total income: ₹13.77 lakh; loss after tax ₹19.83 lakh
• Consolidated revenue from operations: ₹96.85 crore; total income ₹100.10 crore; profit after tax ₹10.84 crore
• Net cash used in operating activities: ₹35.83 crore
• Total borrowings as at 31st March, 2026: ₹91.12 crore; total equity ₹174.05 crore

Subsidiary

Tandhan Polyplast Limited became a wholly owned subsidiary, bringing a polymer-products manufacturing platform into the listed structure. It is included in consolidated results only from 17th October, 2025, the date control was obtained. Its full-year standalone revenue from operations was ₹219.48 crore and profit after tax ₹26.98 crore.

Business transacted

• Adoption of audited standalone and consolidated financial statements
• Declaration of a dividend on equity shares for FY ended 31st March, 2026
• Re-appointment of Mr. Ankit Jalan, retiring by rotation
• Increase in Authorised Share Capital and alteration of Memorandum of Association
• Approval/confirmation of certain Related Party Transactions by Tandhan Polyplast Limited involving utilisation of preferential issue proceeds
• Approval of issue of Convertible Warrants on a preferential basis to the Promoters

Based on the Consolidated Scrutinizer's Report, all resolutions were passed with the requisite majority.

Auditor observations

The Statutory Auditors' Reports contained no qualification. The Secretarial Audit Report contained no qualification but noted compliance observations: creation of the Structured Digital Database beyond the due date in FY 2025-26; delay in submitting financial results for the quarter ended 30th June, 2025; delay in submitting the Annual Report for FY ended 31st March, 2025; and delay or non-submission of the quarterly Monitoring Agency Report on utilisation of issue proceeds.

What it means

Investors get a consolidated picture of a year in which a manufacturing subsidiary was brought in mid-year, alongside approvals for fresh promoter warrants and a higher authorised capital. The secretarial compliance observations are also on record.

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