Barflex Polyfilms Limited announced on May 29, 2026, that its Board of Directors approved the standalone and consolidated audited financial results for the year ended March 31, 2026. The results were reviewed by the Audit Committee and accompanied by a report from the Statutory Auditors. The Board also addressed key governance matters, including the appointment of a new independent director and the re-appointment of auditors for the upcoming financial year.

The Board appointed Ms. Harvi Gaurav Mohta as an Additional Director (Non-Executive-Independent) effective May 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. Her appointment is subject to shareholder approval. Ms. Mohta, a Company Secretary and member of the Institute of Company Secretaries of India (ICSI), currently holds a directorship in Condor Footwear (India) Limited and is not related to any existing director of the company.

In addition to the director appointment, the Board approved the re-appointment of M/s MAARS and Associates as the internal auditor for the financial year 2026-2027. The firm, a Chartered Accountant entity with ICAI-FRN 134798W, was re-appointed based on the Audit Committee's recommendation. The Board also re-appointed M/s Harendra Kumar Pareek & Co, Cost Accountants, as the Cost Auditor for the financial year 2026-2027.

The trading window for all Directors, key managerial personnel, promoters, and connected persons will open 48 hours after the declaration of the audited financial results. The Board meeting commenced at 05:45 P.M. and concluded at 06:10 P.M. on May 29, 2026. The statutory auditors, P A R V And Co., confirmed in their report that no material uncertainty exists regarding the company's ability to meet its liabilities within a year from the balance sheet date.

Appointments and Re-appointments

The Board of Directors of Barflex Polyfilms Limited, at its meeting held on May 08, 2026, approved a further investment in its wholly-owned subsidiary, Barflex Flexibles Private Limited (CIN: U22209DL2024PTC436254). The investment involves subscription to fresh equity shares in proportion to the company's existing shareholding, with the transaction disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details

The proposed investment entails Barflex Polyfilms paying Rs. 60,00,000 (Rupees Sixty Lakhs) in cash through banking channels to acquire 6,00,000 (Six Lakhs) equity shares at a rate of Rs. 10 per share. Upon completion of the subscription and allotment, the holding company's shareholding percentage in the subsidiary will remain unchanged at 60%. The transaction is expected to be completed by May 31, 2026, and no governmental or regulatory approvals are required.

Key details of the transaction are summarised below:

About Barflex Flexibles Private Limited

Barflex Flexibles Private Limited was incorporated on August 31, 2024, and is registered in Delhi, India. The subsidiary operates in the multilayer plastic packaging sector, with its business covering the import, export, sale, purchase, processing, dealing, and agency of all kinds and varieties of multilayer plastic packaging films, laminated films, plastic sheets, plastic powder, and P.V.C. Compound.

The subsidiary's capital structure and available turnover details are as follows:

Purpose of the Investment

According to the disclosure, the proposed investment is intended to support the capital requirements of the subsidiary towards its business expansion plans, operational growth, and working capital requirements. The transaction is classified as a related party transaction, being between the holding company and its subsidiary, and has been confirmed to be conducted at arm's length.

The intimation was signed by Jaiwant Bery, Managing Director of Barflex Polyfilms Limited (DIN: 00380445), on May 08, 2026.