AIK Pipes and Polymers Limited reported a sharp decline in its financial performance for the year ended March 31, 2026, with net profit falling 93% to ₹8.71 lakh from ₹127.65 lakh in the previous year. Revenue from operations dropped significantly to ₹945.08 lakh compared to ₹2,509.70 lakh in FY25. The board approved the audited financial results for the half-year and financial year ended March 31, 2026, during a meeting held on May 30, 2026.

Financial Performance

The company's total revenue for FY26 stood at ₹985.38 lakh, a decrease from ₹2,544.57 lakh in the previous year. Total expenses for the year were reported at ₹956.19 lakh, lower than the ₹2,379.11 lakh recorded in FY25. Profit before tax for the year stood at ₹29.19 lakh, down from ₹165.46 lakh in the prior year. The basic and diluted earnings per share for FY26 were 0.14, compared to 2.01 in the previous year.

Key Financial Metrics (Amount in Lakhs)

Half-Yearly Results

For the half-year ended March 31, 2026, the company reported a profit of ₹83.30 lakh, a turnaround from the loss of ₹74.59 lakh recorded in the half-year ended September 30, 2025. Revenue from operations for the half-year ended March 31, 2026, was ₹756.47 lakh.

Board Decisions and Appointments

Alongside the financial results, the board approved the re-appointment of M/s SASH & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27 pursuant to Section 138 of the Companies Act, 2013. The meeting commenced at 02:30 P.M. and concluded at 03:30 P.M.

Auditor's Report and Compliance

The Statutory Auditors, M/s R P Khandelwal & Associates, issued an unmodified opinion on the audited financial results. The trading window for dealing in the company's securities will remain closed for designated persons and their immediate relatives until 48 hours after the dissemination of this announcement, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

aik pipes and polymers has announced the appointment of Ms. Harsha Shivnani as Company Secretary and Compliance Officer, effective from April 30, 2026. This appointment follows the resignation of Ms. Himanshi Khandelwal, who stepped down from the same position effective from the close of business hours on April 29, 2026, due to personal reasons.

The Board of Directors approved the appointment at its meeting held on Thursday, April 30, 2026, based on the recommendation of the Nomination and Remuneration Committee. The board meeting commenced at 03:00 P.M. and concluded at 03:30 P.M. Ms. Shivnani has been appointed as per the provisions of Section 203 of the Companies Act, 2013, on terms and conditions as decided by the Board.

Appointment Details

The key particulars of the appointment have been documented in the company's filing to BSE Limited, submitted by Imran Khan, Managing Director (DIN: 07938677). The disclosure complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Ms. Harsha Shivnani is an Associate Member of the Institute of Company Secretaries of India (ICSI) since April 2023. She brings expertise in handling regulatory filings, board and shareholder meetings, and ensuring compliance with the Companies Act, 2013, SEBI Regulations, and SME listing requirements. Her experience includes strong knowledge of corporate governance frameworks, statutory reporting, and liaison with regulatory authorities.

The company has formally intimated BSE Limited about both the resignation of Ms. Khandelwal and the subsequent appointment of Ms. Shivnani in accordance with regulatory requirements.