Noble Polymers Limited has fixed Friday, October 16, 2026 as the record date for the consolidation of its equity shares. This action follows shareholder approval at the recent Annual General Meeting and will convert every two equity shares of face value ₹5 each into one equity share of face value ₹10 each.

The Board of Directors approved the consolidation on September 8, 2026, and members ratified it via an ordinary resolution on September 30, 2026. The company filed the voting results with the BSE on October 5, 2026, confirming that all 12 resolutions proposed at the 32nd AGM were passed. The meeting was conducted via remote e-voting and polling at the registered office in Ahmedabad, with a total of 532,130 votes cast across the resolutions.

Consolidation Details

The consolidation reduces the number of outstanding shares while keeping the total paid-up capital unchanged. Members whose names appear in the Register of Members or depository records as beneficial owners on the record date will be entitled to the consolidated shares. For dematerialised holdings, new shares will be credited under a new ISIN allotted by NSDL and CDSL.

Other Key Resolutions Passed

Shareholders unanimously approved the adoption of audited financial statements for FY26 and the declaration of a final dividend. The board also secured approval for the appointment of Mahesh Alabhai Odedra and Hiren Rambhai Odedra as directors and whole-time directors.

Significant operational approvals included:

• Authority to make loans, give guarantees, and provide securities under Section 186 of the Companies Act, 2013.
• Approval for related party transactions up to an aggregate value of ₹100 crore.
• Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Creation of charge or mortgage on company assets under Section 180(1)(a).

Voting Results Summary

The table below summarizes the voting outcome for the major resolutions. While most items received 100% support, the resolution on related party transactions saw a small dissenting vote from remote e-voting participants.

What the Numbers Show

The voting data reveals a high concentration of support for management proposals, with 95.87% of votes in favour for the related party transaction limit. The 22,000 votes against this specific item represent approximately 4.13% of the total polled votes. All other resolutions, including those granting significant borrowing powers and asset mortgage rights, passed with zero opposition, indicating strong alignment between the promoter group and the voting shareholder base.

Noble Polymers has fixed September 25, 2026 as the record date to determine shareholders eligible for the final dividend of ₹0.05 per equity share. The payout is subject to approval at the 32nd Annual General Meeting (AGM) scheduled for September 30, 2026.

The company announced that the Register of Members and Share Transfer Books will remain closed from September 26, 2026 to September 30, 2026 (both days inclusive). This closure facilitates the AGM and the determination of dividend entitlements for the financial year ended March 31, 2026.

Financial Context

Noble Polymers reported a net loss of ₹160.75 lakh for FY26, compared to a profit after tax of ₹319.66 lakh in FY25. The company recorded nil revenue from operations during the period. Total income for FY26 stood at ₹33.68 lakh, comprising entirely of other income, a sharp decline from ₹563.64 lakh in the previous year.

Total expenses rose slightly to ₹194.43 lakh from ₹178.26 lakh in FY25. The decline in profitability is attributable to the absence of non-recurring other income recognized in the preceding year, coupled with fixed administrative and listing-related costs.

Dividend Details

The board recommended a final dividend of ₹0.05 per equity share of face value ₹5 each, aggregating to ₹4,37,770. If approved by members, the dividend will be paid on or before October 29, 2026. Eligibility is determined based on names appearing in the Register of Members or the list of Beneficial Owners furnished by depositories as at the close of business hours on the record date.

Corporate Actions and Leadership

The board also approved the consolidation of equity shares from a face value of ₹5 to ₹10. Every two fully paid-up shares of ₹5 will become one fully paid-up share of ₹10. This requires approval from members, BSE Limited, and depositories.

Mr. Mahesh Alabhai Oedra and Mr. Hiren Rambhai Oedra were appointed as Whole-time Directors designated as "Executive Directors" for five years effective September 30, 2026, without remuneration. Additionally, Mr. Akash Prakashbhai Thakore was appointed as Chief Financial Officer.

What the Numbers Show

The company's total income dropped by over 94% year-on-year, driven entirely by the non-recurrence of other income, while operating expenses remained relatively stable. This highlights that the current cash burn is primarily due to fixed compliance and administrative overheads rather than operational losses, as revenue from operations remains nil.