Dhabriya Polywood reported a standalone net profit of ₹142.1 crore for FY26, an increase of 85.7% from ₹76.5 crore in the previous year. Consolidated profit after tax reached ₹301.4 crore, rising 67.2% year-on-year.

The company delivered robust top-line growth alongside significant margin expansion. Standalone revenue from operations grew 13.5% to ₹1,478.4 crore, while consolidated revenue increased 12.5% to ₹2,644.8 crore. EBITDA margins expanded by 414 basis points to 18.97% on a standalone basis, reflecting improved operational leverage.

Financial Performance

The financial results highlight strong profitability across both standalone and consolidated metrics. The company declared a final dividend of ₹0.70 per equity share for FY26.

On a consolidated basis, EBITDA grew 45.6% to ₹545.9 crore. The effective tax rate stood at 25.09% for the standalone entity, compared to 22.14% in FY25.

What the Numbers Show

A key divergence exists between operating cash generation and balance sheet leverage. While standalone operating cash flow turned negative at -₹32.7 crore—down from ₹124.5 crore in FY25—due to a ₹1,124.2 crore increase in inventory and a ₹669.7 crore drop in trade payables, the company significantly increased borrowings. Current borrowings rose 58.7% to ₹4,418.3 crore, indicating that working capital requirements were funded through debt rather than operational accruals.

Strategic Expansion

The Board approved a ₹100 crore capital expenditure programme spanning FY26 to FY28 to expand manufacturing capabilities. During FY26, approximately ₹27 crore was deployed towards extrusion line expansion and dedicated infrastructure for aluminium glazing and windows. The company is also diversifying into new verticals including WPC doors and wall panels.

Corporate Governance

The 34th Annual General Meeting will be held on September 30, 2026. Shareholders will vote on the re-appointment of Whole-Time Director Mahendra Karnawat and revisions to the remuneration packages of Chairman & Managing Director Digvijay Dhabriya, along with other executive directors.

Dhabriya Polywood Limited has set September 23, 2026, as the record date for its final dividend and 34th Annual General Meeting. The register of members will remain closed from September 24 to September 30, 2026.

The company issued a disclosure under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing confirms the eligibility criteria for shareholders to receive the proposed final dividend of ₹0.70 per equity share.

Meeting Details

The 34th Annual General Meeting is scheduled for September 30, 2026, at 11:00 am. It will be conducted through video conferencing or other audio-visual means. The meeting pertains to the financial year ended March 31, 2026.

Remote e-voting will commence on September 27, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm. The cut-off date for voting rights is September 23, 2026.

Key Agenda Items

The Board has recommended several resolutions for shareholder approval. A final dividend of ₹0.70 per equity share of face value ₹10 each is proposed for FY26. Additionally, the re-appointment of Mahendra Karnawat as a Whole-Time Director, who retires by rotation, is on the agenda.

The meeting will also consider special resolutions to revise the maximum monthly remuneration for three directors, effective May 1, 2026, for a period of three years up to April 30, 2029:

• Digvijay Dhabriya (Chairman & Managing Director): Revised to ₹10,00,000 per month.
• Mahendra Karnawat (Whole-Time Director): Revised to ₹2,00,000 per month.
• Anita Dhabriya (Whole-Time Director): Revised to ₹2,00,000 per month.

The Company Secretary noted that these revisions are based on recommendations from the Nomination and Remuneration Committee, considering industry benchmarks and individual contributions. The total remuneration for Digvijay Dhabriya and Anita Dhabriya may exceed 5% of net profits in any financial year, subject to member consent under SEBI Listing Regulations.

Cost Auditor Ratification

Shareholders are also asked to ratify the appointment of M/s Gaurav Jain & Associates as Cost Auditors for FY27. The approved remuneration is ₹40,000 plus applicable taxes and out-of-pocket expenses.

Regulatory filings confirm that newspaper advertisements were published in Indian Express, Nafa-Nuksan, and Business Remedies to inform stakeholders of the schedule.