L.K. Mehta Polymers Limited held its 31st Annual General Meeting on September 26, 2026, to consider and approve the audited financial statements for the fiscal year ending March 2026. The meeting, conducted at the company's registered office in Ratlam, Madhya Pradesh, saw the re-appointment of Managing Director Kamlesh Mehta and the approval of specific related party transactions.

Meeting proceedings and attendance

The meeting commenced at 12:15 pm and concluded at 1:00 pm, with a total of 10 members present. Key personnel in attendance included Managing Director Kamlesh Mehta, Whole Time Director Rina Mehta, Non-Executive Director Chetan Moonat, and Independent Director Deepak Mehta. Chief Financial Officer Aashi Mehta and Company Secretary Deeksha Sahu also participated in the proceedings.

Practicing Company Secretary Neelesh Gupta served as the scrutinizer for the physical voting process, ensuring compliance with the Companies Act, 2013. The quorum was present throughout the meeting, allowing the Chairman to declare the session open.

Resolutions passed

Members considered three primary items of business, ranging from ordinary administrative approvals to special business regarding related party transactions. All items were transacted by the members through voting.

Strategic updates

During the proceedings, CFO Aashi Mehta highlighted key developments since the previous year, specifically noting the company's Initial Public Offer (IPO). The Chairman provided an overview of the company's history, current profile, and future plans, while also reviewing changes in the nature of business, share capital, and directorship details as outlined in the 31st Annual Report.

No queries were raised by the members regarding the company's operations or financial performance during the open discussion segment. The voting results, once declared, will be submitted to the stock exchanges along with the scrutinizer's report and uploaded to the company's website.

L.K. Mehta Polymers has dispatched the annual report and notice for its 31st AGM via web-link to shareholders who have not registered email addresses. The disclosure was made on September 5, 2026, pursuant to SEBI Listing Regulations.

The company previously reported a sharp rise in FY26 revenue, reaching ₹2,953.59 lakh compared to ₹1,915.84 lakh in the previous year. The 31st annual general meeting is scheduled for September 26, 2026, to approve financials and related party transactions.

Financial Performance

L.K. Mehta Polymers recorded significant growth in total income during FY26. Revenue from operations stood at ₹2,919.32 lakh, up from ₹1,896.58 lakh in FY25. Other income increased to ₹34.27 lakh from ₹19.26 lakh.

Profit before tax rose to ₹90.04 lakh from ₹80.03 lakh. However, net profit after tax grew modestly to ₹62.64 lakh from ₹60.43 lakh, reflecting higher tax provisions and stable operational margins amidst rising revenue.

Annual Report Dispatch

In compliance with Regulation 36(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company sent the notice convening the 31st AGM and the Annual Report for FY25-26 electronically to members with registered email addresses.

For shareholders whose email addresses are not registered with the Registrar & Share Transfer Agent or Depository Participants, the company dispatched a letter containing a web-link to access the documents. The Annual Report and AGM notice are available on the company's website and the BSE Limited website.

Shareholders wishing to receive a physical copy of the Annual Report may write to info@lkmehtapolymersltd.com mentioning their Folio No., DP Id, or Client Id. Those looking to update their email address or other communication details can approach their depository or contact Bigshare Services Pvt. Ltd., the Registrar and Share Transfer Agent.

Key Approvals

The board transacted the following business matters:

• Approved the notice for the 31st AGM, scheduled for September 26, 2026, at 12:15 pm at the registered office.
• Considered and approved the Board's Report along with annexures for the financial year ended March 31, 2026.
• Set August 28, 2026, as the cut-off date for determining eligibility of equity shareholders to receive the AGM notice.
• Fixed September 18, 2026, as the cut-off date for determining member eligibility to vote and attend the AGM.
• Approved related party transactions with M/S Kamlesh Industries for FY2026-27.
• Appointed M/s NPG & Co., Practicing Company Secretary, as the scrutinizer for voting facilities for the 31st AGM.

Managing Director Kamlesh Mehta signed the disclosure letter addressed to the General Manager of Corporate Services at BSE Limited.

Related Party Transactions

The company seeks shareholder approval for transactions with M/s Kamlesh Industries, a proprietorship concern of Managing Director Mr. Kamlesh Mehta. The proposed aggregate value for FY2026-27 is capped at ₹10,00,00,000/- (Rupees Ten Crore only).

The transactions are intended to facilitate smooth business operations and ensure continuity of supply and processing requirements in the ordinary course of business.

Director Re-Appointment

Shareholders will also consider the re-appointment of Mr. Kamlesh Mehta (DIN: 00223360) as Managing Director. He retires by rotation at this meeting and, being eligible, offers himself for re-appointment. Mr. Mehta holds a Bachelor of Commerce degree and has 30 years of experience in the polymer industry. As on March 31, 2026, he held 2,270,800 shares in the company.