G M Polyplast Limited has announced the appointment of its Internal Auditor, Secretarial Auditor, and Cost Auditor for Financial Year 2026-27, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made pursuant to SEBI Circular ref. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and were signed by Dimple Parmar, Company Secretary and Compliance Officer, on May 16, 2026, from Mumbai.

Auditor Appointments at a Glance

The company has appointed three professional firms across audit disciplines for FY 2026-27. The key details of each appointment are summarised below:

Internal Auditor: D D & Associates

M/s. D D & Associates is a Mumbai-based Chartered Accountancy firm established in 2013. The firm offers a comprehensive suite of multi-disciplinary professional services and is led by experienced partners CA Swati Dhamdhare and CA Mandar Dhamdhare, both accomplished in banking audits, wealth management, and taxation. The firm specialises in audit and assurance, direct and indirect taxation, consultancy, and outsourced accounting services. With a team of 15 dedicated employees and associations with ex-bank officers, the firm delivers expert-driven, result-oriented solutions. D D & Associates is committed to ethics, integrity, and quality, blending professionalism, technology, and efficiency to meet evolving business needs.

Secretarial Auditor: Pranay D. Vaidya and Co.

M/s. Pranay D. Vaidya and Co. is a professionally managed Company Secretary firm registered with the Institute of Company Secretaries of India (ICSI). The firm provides comprehensive corporate compliance solutions across regulatory frameworks, including the Companies Act, RBI and SEBI regulations, and allied laws. It emphasises the importance of robust compliance in fostering operational efficiency and stakeholder trust, and delivers consistent, high-quality service to businesses of all sizes.

Cost Auditor: PRO & Associates

M/s. PRO & Associates is a Mumbai-based Cost Accountancy firm with 14+ years of experience in accounts and financial management of the corporate sector, including 7+ years of experience with start-ups, covering end-to-end accounting, financial and operational management, fund raising, and MIS work. The firm provides key financial data, support, and reporting to assist management in taking key business decisions. PRO & Associates has actively worked in various areas of accounting, auditing, MIS, special audits by banks, and internal control and audit. The firm is also associated with the non-profit sector, providing end-to-end accounting and support services, and has a team of young, enthusiastic, and result-oriented members.

Regulatory Compliance

All three appointments were made in accordance with the applicable provisions of the SEBI Listing Regulations and the relevant SEBI circular. The disclosure of relationships between directors was noted as Not Applicable for all three appointments, as none of the appointees are directors of the company.

G M Polyplast has announced its audited standalone financial results for the year ended March 31, 2026. The company reported a net profit of ₹826.69 lakh for the fiscal year, marking an increase from ₹744.44 lakh in the previous year. Revenue from operations rose to ₹10,299.19 lakh from ₹9,615.55 lakh in FY25. The Board of Directors, in its meeting held on May 16, 2026, approved the audited financial results and financial statements. The statutory auditors, M/s. Ajmera & Ajmera, Chartered Accountants, issued an audit report with an unmodified opinion on the audited financial results.

Financial Performance

The company's total income for the year ended March 31, 2026, reached ₹10,314.34 lakh, up from ₹9,623.89 lakh in the corresponding period last year. Total expenditure for the period was reported at ₹9,200.75 lakh, compared to ₹8,624.87 lakh in the prior year. Profit before tax for the year stood at ₹1,113.59 lakh, an increase from ₹999.02 lakh in FY25. Tax expense for the year was ₹286.90 lakh against ₹254.58 lakh in the previous year.

The following table summarises the key financial metrics for the year:

Balance Sheet Highlights

The company's reserves and surplus increased to ₹3,400.81 lakh as of March 31, 2026, from ₹2,574.12 lakh a year earlier. Total shareholders' funds stood at ₹4,746.77 lakh, up from ₹3,920.08 lakh. Total assets grew to ₹5,940.17 lakh from ₹4,861.34 lakh. Cash and bank balances improved significantly to ₹567.38 lakh from ₹102.64 lakh, while trade receivables rose to ₹2,537.14 lakh from ₹2,112.09 lakh. Property, plant and equipment stood at ₹908.46 lakh as against ₹558.75 lakh in the prior year.

Cash Flow Summary

Net cash from operating activities for the year stood at ₹951.41 lakh, a significant improvement from ₹27.40 lakh in the previous year. Cash generated from operations before taxes was ₹1,218.39 lakh compared to ₹294.00 lakh in FY25. Net cash used in investing activities was ₹550.69 lakh, primarily driven by purchase of fixed assets worth ₹487.21 lakh. Net cash from financing activities was ₹64.02 lakh. Overall, cash and cash equivalents at the close of the year stood at ₹567.38 lakh, up from ₹102.64 lakh at the beginning of the year.

Board Decisions

During the meeting, the Board considered and approved the reappointment of Mr. Dinesh Sharma (DIN: 00418667), who retires by rotation and is eligible for reappointment, subject to shareholder approval. The Board also approved the continuation of M/s. D D & Associates as Internal Auditors and M/s. Pranay D. Vaidya and Co. as Secretarial Auditors for the financial year 2026-27. M/s. PRO & Associates were appointed as Cost Auditors for the upcoming fiscal year. The Board also considered and adopted the Board of Directors' report along with its annexures and the Management Discussion and Analysis report. The date for the Annual General Meeting was approved, and the notice convening the meeting will be issued in due course.

The company is listed on the SME platform of BSE and is exempt from Ind-AS applicability as per the proviso to Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015. The company has not prepared consolidated financial statements for the year ended March 31, 2026, as its wholly owned subsidiary, M/s. Regranix Private Limited, incorporated on March 13, 2026, has not commenced any business operations or undertaken any financial transactions during the year.