Command Polymers Limited disclosed the voting results of its 28th Annual General Meeting (AGM), held on September 25, 2026. All proposed resolutions were passed with a 100% majority in favor, with zero votes cast against any agenda item.

The meeting was convened at the company's registered office in West Bengal. In compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the scrutinizer’s report and detailed voting data to the Bombay Stock Exchange on September 26, 2026.

Voting participation and turnout

The AGM saw participation from 14 shareholders either in person or through proxy. The total number of shareholders on record was 77. Voting was conducted via remote e-voting and physical poll during the meeting.

Resolutions passed

Two ordinary resolutions were put to vote:

1. Adoption of Financial Statements: To receive, consider, and adopt the annual financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
2. Director Re-appointment: To appoint Mrs. Guddi Gupta as a director in place of herself, who retired by rotation and was eligible for re-appointment.

Both resolutions secured unanimous support from all voting shareholders. No invalid votes were recorded for either resolution.

What the numbers show

The voting data reveals a complete absence of dissent among participating shareholders. With 6,948,700 votes polled out of 9,376,700 outstanding shares, the turnout stood at 74.11%. Notably, public institutions did not participate in the voting process, casting zero votes. The entire support base consisted of promoter group members and public non-institutional shareholders, who voted unanimously in favor of both management proposals.

Command Polymers Limited reported a 2% year-on-year rise in revenue from operations to ₹1,074.93 crore for the fiscal year ended March 31, 2026. Despite the topline growth, net profit after tax declined 8% to ₹51.54 lakh, driven by a sharp drop in other income. The company has scheduled its 28th Annual General Meeting (AGM) for September 25, 2026.

Financial Performance

Revenue from operations increased to ₹1,074.93 crore in FY26 from ₹1,054.27 crore in FY25. However, total income fell to ₹1,079.48 crore from ₹1,148.29 crore due to a significant contraction in other income, which dropped to ₹4.55 lakh from ₹94.03 lakh in the previous year.

Total expenses decreased to ₹1,051.98 crore from ₹1,109.75 crore. Cost of material consumed rose to ₹1,049.71 crore from ₹969.25 crore, while finance costs declined to ₹71.78 lakh from ₹85.02 lakh. Profit before tax stood at ₹27.50 lakh compared to ₹38.54 lakh in FY25. After accounting for deferred tax benefits, net profit after tax was ₹51.54 lakh, down from ₹55.96 lakh.

Balance Sheet and Cash Flow

The company’s total assets grew to ₹3,492.15 crore from ₹2,709.78 crore. Long-term borrowings surged to ₹952.32 crore from ₹323.91 crore, primarily due to new term and home loans secured against immovable property. Short-term borrowings declined to ₹464.74 crore from ₹760.19 crore. Inventories increased significantly to ₹1,207.79 crore from ₹819.59 crore, while trade receivables rose to ₹583.35 crore from ₹182.49 crore.

Cash flow from operating activities turned negative at -₹179.37 lakh, compared to a minor outflow of ₹16.94 lakh in FY25. This was largely driven by increases in inventories and trade receivables. Investing activities consumed ₹106.46 lakh, mainly due to purchases of investment property and loans advanced. Financing activities generated ₹261.18 lakh through proceeds from long-term borrowings.

AGM and Corporate Governance

The 28th AGM will be held on September 25, 2026, at 3:00 pm at the registered office in Bhangar, West Bengal. Key agenda items include the adoption of audited financial statements for FY26 and the reappointment of Executive Director Mrs. Guddi Gupta, who retires by rotation. Remote e-voting will be available from September 22 to September 24, 2026, via NSDL.

The company issued an intimation pursuant to Regulation 30 and 47 read with Schedule III of SEBI (Listing Obligations and Disclosure Regulations, 2015). The notice of the AGM was published in Financial Express and Sukhabar newspapers.

What the Numbers Show

The divergence between rising revenue and falling total income highlights the impact of non-operating factors. Other income collapsed by over 95%, removing a significant contribution to the bottom line that was present in FY25. Additionally, the sharp increase in trade receivables (up 220%) and inventories (up 47%) relative to modest revenue growth suggests potential working capital pressures or strategic stockpiling, warranting close monitoring in subsequent quarters.